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As simple as possible: 00 level trading

  • #14,361
  • Jul 29, 2014 9:03pm Jul 29, 2014 9:03pm
FWIW the past few FED days have been very flat prior to the release.
  • #14,362
  • Jul 29, 2014 9:31pm Jul 29, 2014 9:31pm
panamamike, sent u a pm re csm... cheers
  • #14,363
  • Jul 29, 2014 9:41pm Jul 29, 2014 9:41pm
Quoting Udine
{quote} question: did you stop after trading two winning trades? Could you guys provide us the addition rules in your system? so that we can rip off those 20~30% loss trade. re-do the test but this time with the news !! Udine
I re-run the program add stop when 10pips daily target reach.
It seems didn't help any. But in fact, you're not stopping after daily target anyway.

Result
Attached Image (click to enlarge)
Click to Enlarge Name: s10.JPG Size: 55 KB


I will add the news factor into the program. ( It takes a bit time. I need to add the news feed one by one)
Result will be post later today.
Attached File(s)
File Type: csv Result_july_stop_after_10pips.csv   < 1 KB | 367 downloads
  • #14,364
  • Jul 29, 2014 10:06pm Jul 29, 2014 10:06pm
Ok guys, just a small lesson from my mentor beside the teachings of Udine. I got asked the same question.

Have a look on that picture. It shows AUD is sync (long) with EA and GA (short).

In this situation would you sell EA (if all other conditions are met)?

Attached Image


Dont watch the chart of EA, just give a fair answer!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,365
  • Jul 29, 2014 10:15pm Jul 29, 2014 10:15pm
Quoting JibalaPasan
Ok guys, just a small lesson from my mentor beside the teachings of Udine. I got asked the same question. Have a look on that picture. It shows AUD is sync (long) with EA and GA (short). In this situation would you sell EA (if all other conditions are met)? {image} Dont watch the chart of EA, just give a fair answer! Jibala
If I were trading EA, with the information you give I would be hesitant, EU is contradicting the AUD sync - I.E EU is saying up EA is saying down... so while the AUD side of EA is in sync the EUR side is not...
  • #14,366
  • Jul 29, 2014 10:17pm Jul 29, 2014 10:17pm
Quoting ericjschroed
{quote} And for those who like this game or beat it, check this! {image}
Dang, nobody replied! Oh, well this is not a game forum, but....

Attached Image
  • #14,367
  • Jul 29, 2014 10:18pm Jul 29, 2014 10:18pm
Quoting Callum
{quote} If I were trading EA, with the information you give I would be hesitant, EU is contradicting the AUD sync - I.E EU is saying up EA is saying down... so while the AUD side of EA is in sync the EUR side is not...
Agree with that; the GA looks better sync'd since there's general weakness in the GBP, it would appear.
  • #14,368
  • Jul 29, 2014 10:21pm Jul 29, 2014 10:21pm
Quoting JibalaPasan
Ok guys, just a small lesson from my mentor beside the teachings of Udine. I got asked the same question. Have a look on that picture. It shows AUD is sync (long) with EA and GA (short). In this situation would you sell EA (if all other conditions are met)? {image} Dont watch the chart of EA, just give a fair answer! Jibala
That would depend on Euro USD chart. It can be in synch and not moving anywhere; i.e no relative strength. For reference, see most sessions since May. LOL
  • #14,369
  • Jul 29, 2014 10:27pm Jul 29, 2014 10:27pm
Quoting Callum
{quote} If I were trading EA, with the information you give I would be hesitant, EU is contradicting the AUD sync - I.E EU is saying up EA is saying down... so while the AUD side of EA is in sync the EUR side is not...
Tnx for your answer! Your explanation is a good study and right of course, but needs again more knowledge (newbies, and there are a lot around here, dont know about this).

In my opinion, most out here would sell EA.

And now, only to show (and that was what I was going to demonstrate) the power of a strength meter. Would you still sell if you have the additional information that the strength of EUR is 6.0 and AUD 6.7, slightly more?

I guess the answer is clear now, you will stay out!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,370
  • Jul 29, 2014 10:30pm Jul 29, 2014 10:30pm
Quoting JibalaPasan
Ok guys, just a small lesson from my mentor beside the teachings of Udine. I got asked the same question. Have a look on that picture. It shows AUD is sync (long) with EA and GA (short). In this situation would you sell EA (if all other conditions are met)? {image} Dont watch the chart of EA, just give a fair answer! Jibala
No offense to your mentor, he seems to be doing a great job for you. BUT, this strategy is to get five points risking 10. Adhering to the rules, a quality CSM and a look at the chart is sufficient...at least for me. I have had two full SL trades in just under 4 weeks. would my style work for everyone.... I doubt it, as each interprets info differently when it comes to the subjective aspect. I track 21 pairs, but am very selective in placing a trade.

keep raking in the green pips
  • #14,371
  • Jul 29, 2014 10:47pm Jul 29, 2014 10:47pm
Quoting ericjschroed
{quote} Dang, nobody replied! Oh, well this is not a game forum, but.... {image}
Hi Eric, this is just cluttering up this thread. I know it is light hearted fun but ...
The problem is not giving offence but taking offence!
  • #14,372
  • Jul 29, 2014 10:51pm Jul 29, 2014 10:51pm
Quoting JibalaPasan
{quote} Tnx for your answer! Your explanation is a good study and right of course, but needs again more knowledge (newbies, and there are a lot around here, dont know about this). In my opinion, most out here would sell EA. And now, only to show (and that was what I was going to demonstrate) the power of a strength meter. Would you still sell if you have the additional information that the strength of EUR is 6.0 and AUD 6.7, slightly more? I guess the answer is clear now, you will stay out! Jibala
Thank you Jibala for sharing that very valuable information with us.
One question that I can't figure out on my own, where and how do I change the "PsyLevels Dashboard" settings to have the silver display column moved over from the left to the right? I can change everything but can't figure that bit out?
The problem is not giving offence but taking offence!
  • #14,373
  • Jul 29, 2014 10:52pm Jul 29, 2014 10:52pm
change the position in the options from 0 to 1
  • #14,374
  • Jul 29, 2014 10:57pm Jul 29, 2014 10:57pm
Good morning and good fishing.
Donde hay Patron no manda Marinero
  • #14,375
  • Jul 29, 2014 11:00pm Jul 29, 2014 11:00pm
Quoting panamamike
{quote} Adhering to the rules, a quality CSM and a look at the chart is sufficient...at least for me.
And what I am talking about?

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,376
  • Jul 29, 2014 11:02pm Jul 29, 2014 11:02pm
Quoting panamamike
change the position in the options from 0 to 1
"corner" position set to 1 - thx Mike
The problem is not giving offence but taking offence!
  • #14,377
  • Jul 29, 2014 11:08pm Jul 29, 2014 11:08pm
Perfect song to start the day.....Steve Miller...Take the money and run....hopefully a good omen for the day.
  • #14,378
  • Jul 29, 2014 11:11pm Jul 29, 2014 11:11pm
is it fine to trade EURJPY and EURUSD at LO, cos red news on EUR (German Prelim CPI) all day ?
  • #14,379
  • Jul 29, 2014 11:28pm Jul 29, 2014 11:28pm
Quoting g4rud4
is it fine to trade EURJPY and EURUSD at LO, cos red news on EUR (German Prelim CPI) all day ?
Rule says no trading 1 hr before and 30 mins after the red news, but this is all day so i think according to rules no Eur pairs for all day. lets see what Udine say on this.

regards
jeet
  • #14,380
  • Jul 29, 2014 11:40pm Jul 29, 2014 11:40pm
with regards to ADR's

Attached Image (click to enlarge)
Click to Enlarge Name: ADR.jpg Size: 28 KB


check this: http://www.forex4noobs.com/forex-too...-daily-ranges/

there you can see the ADR's for 3 of the four pairs I look at, from 2000 until 2013...

and compare the numbers we have now...

then you understand you have to choose your battles wisely

Udine
Sleep less, live fast, as it aint gonna last
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