As simple as possible: 00 level trading
- #14,602
- Edited 10:55am Jul 30, 2014 10:41am | Edited 10:55am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Hi Guys/ Udine, I have been reading this thread with interest for several weeks now. Thanks for the hard work posting this. I have loaded WUKAR however I don't get a 'smiley' face. Can anyone suggest why it is? Also, for some reason I don't have the vertical market opening times lines, ie; for London on the chart. Can you please advise how to load it? Many thanks in advance. {image}
click autotrading in the toolbar and when that is green the smiley will be happy
Edit: the vertical market open lines are in the market panel display contoller indicator
Udine
Sleep less, live fast, as it aint gonna last
- #14,603
- Jul 30, 2014 10:47am Jul 30, 2014 10:47am
- | Joined May 2014 | Status: Trader | 2,733 Posts
Donde hay Patron no manda Marinero
- #14,604
- Jul 30, 2014 10:48am Jul 30, 2014 10:48am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
what do i change?thanks {image}
Can you read??
first line in the input tab of the indicator
PJ your active in the thread since the 9th of June and you still dont know how to adjust a setting in a basic indicator ???
its time you start treating this like a business, or your wasting your time bud....
learn the platform
learn each and every indicator, expert, script
you are not spending your time wisely!!!
start doing some serious homework !!!
Udine
Sleep less, live fast, as it aint gonna last
- #14,605
- Jul 30, 2014 10:49am Jul 30, 2014 10:49am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #14,606
- Jul 30, 2014 11:21am Jul 30, 2014 11:21am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
- #14,607
- Jul 30, 2014 11:28am Jul 30, 2014 11:28am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #14,608
- Jul 30, 2014 11:31am Jul 30, 2014 11:31am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
Oh, as a last note.
Shouldn´t this be red news tomorrow, now that you´ve helped so many Italian traders ?
Shouldn´t this be red news tomorrow, now that you´ve helped so many Italian traders ?
- #14,610
- Jul 30, 2014 11:41am Jul 30, 2014 11:41am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Oh, as a last note. Shouldn´t this be red news tomorrow, now that you´ve helped so many Italian traders ?
Sleep less, live fast, as it aint gonna last
- #14,611
- Jul 30, 2014 11:41am Jul 30, 2014 11:41am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #14,612
- Jul 30, 2014 12:25pm Jul 30, 2014 12:25pm
{quote} Can you read?? first line in the input tab of the indicator
.....I have to tell you that oversold or overbought, by themselves do not mean much. But at least it is a warning.
..... a warning to let you know that you should probably start taking some of those profits off the table! Price may continue to rise.......go sideways ........... or even reverse......
it has been P#ssing around the 1.34 level for 4 hours...and its near its 10 week low.. all the reasons not to take a trade Udine
I thought that would have been obvious by now but I guess it wasn't .... ......hmmm....... Masterrmind..............
It's just me trying to learn... so above two reasons for NOT taking this (or any) trade:
1. pissing around the 1.34 lvl for 4 hours (or any BRND level)
In LO it definetly closed below the lvl then piercing it every hour and closing above couple pips. In itself this PA to the left would not be a reason for me NOT take a trade when price again goes below the 1.34 lvl as it shows a weak price prompting continuation. Why is it for you?
This 'level thing' is of much interest to me as it seems choosing the right setup has a lot to do how price behaved around a specific level. I remember an EC trade from yesterday that I and MM took at the same level the difference was the timing. I took it LO+2 MM took it later (at NY), I lost he made TP. And I am struggling finding out what PA behavior increases and what decreases the probability of a successful penetration of the level.
2. it is near its 10 week low
What do you mean 10 week low. Weekly chart attached: after 1.40 lvl 5 weeks down in a row, then 4 week range, then again 4 weeks down in a row (downs in yellow)
Nevertheless it does make sense when something is it at its lows then the probability of ranging or reversal increases.
Thank you,
Áron
ps. the above EU trade was invalid due to red US news coming up, however the above reasons for not taking the trade were mentioned related to it and therefore seems could be applied to others as well.
- #14,616
- Jul 30, 2014 3:53pm Jul 30, 2014 3:53pm
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #14,618
- Jul 30, 2014 8:42pm Jul 30, 2014 8:42pm
Dear Forum
I am relatively new to this system but am interested in learning
I live in Australia so will be concentrating on the Asian and London sessions
I will begin posting my trades which I hope will help both myself and others
Kind regards Rapple
AUDUSD +5 TP
Note that while I place this trade 2hrs before 'Red News' its move was likely due to 'AUD Building Approvals' which does not follow Udine rules (10 burpees for me)
I am relatively new to this system but am interested in learning
I live in Australia so will be concentrating on the Asian and London sessions
I will begin posting my trades which I hope will help both myself and others
Kind regards Rapple
AUDUSD +5 TP
Note that while I place this trade 2hrs before 'Red News' its move was likely due to 'AUD Building Approvals' which does not follow Udine rules (10 burpees for me)
- #14,619
- Jul 30, 2014 11:03pm Jul 30, 2014 11:03pm
- Joined Jul 2008 | Status: Trader | 5,763 Posts
{quote} {quote} Guys, It's just me trying to learn... so above two reasons for NOT taking this (or any) trade: 1. pissing around the 1.34 lvl for 4 hours (or any BRND level) {image} In LO it definetly closed below the lvl then piercing it every hour and closing above couple pips. In itself this PA to the left would not be a reason for me NOT take a trade when price again goes below the 1.34 lvl as it shows a weak price prompting continuation. Why is it for you? This 'level thing' is of much interest to me as it seems choosing the right setup has...
Carpathian,
looks like you have given it a lot of thought.. well done.
my take on this:
1. EU: LO closed below for only 5 pips and went back up and stayed in a ver y tight range a few hours, not getting through the 1.34 level = not stacking the odds in your favor
2. EC trade: yours @ LO +2 and MM @ NY.. MM's trade had new money flowing into the market = he was stacking the odds in his favor
3. EU: near 10 week low.. the Grid indicator shows tha last 10 weeks and the lowest Grid line 1.33650 so th e EU was near its 10 week low = not stacking the odds in your favor
4. correct the red news already excluded the possible trade
we need to find low risk entries for high probability winning trades, and this was not one of them, so was better to look elsewhere for trades
BTW good to see your analysis
Udine
Sleep less, live fast, as it aint gonna last