As simple as possible: 00 level trading | Page 746 | Forex Factory

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As simple as possible: 00 level trading

  • #14,901
  • Aug 1, 2014 2:35am Aug 1, 2014 2:35am
Quoting Carpathian
{quote} Udine, your GJ LONG @.700 just makes me confused, my reasons not to take: 1. GU-GJ not in sync 2. lots of wicks down from .700-.750 area in past 12 hours 3. complete undecision of PA in FFO hour (including a come-down from .750) I'm curios to look in your head!

1. GJ in sync with EJ
2. london open new money coming in
3. Asia did nothing so something had to give
4. Frankfurt has hardly shown any action lately

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #14,902
  • Aug 1, 2014 2:41am Aug 1, 2014 2:41am
Quoting Udine
{quote} 1. GJ in sync with EJ 2. london open new money coming in 3. Asia did nothing so something had to give 4. Frankfurt has hardly shown any action lately cheers Udine
OK, thank you!
  • #14,903
  • Aug 1, 2014 2:44am Aug 1, 2014 2:44am
Quoting Udine
{quote} 1. GJ in sync with EJ 2. london open new money coming in 3. Asia did nothing so something had to give 4. Frankfurt has hardly shown any action lately cheers Udine
I really was going to put orders on EJ and GJ too, but in the end i changed idea as i saw the 10 pips retracement on both pairs in the last minutes of FFO.
That gave me doubts about the "trend" so I did nothing.

Lrt
"Every battle is won before it's fought."
  • #14,904
  • Aug 1, 2014 2:49am Aug 1, 2014 2:49am
Hi there UDINE, I have been following this thread since the 15th of July 2014. I do not have anything to say but "thank you for showing the way".

After reading the first 100 pages of the thread, I have adopted this strategy to my trading since 21st of July 2014. At first, I wanted to see the technicalities of the basic rules by simply following it, but for 3 days, it did not give me good result due to market condition. Then, I have combined some strategies that do work for me leaving the 90% of the basic rules being followed. To tell you, your 00-level is my missing piece.

By the end of the July month, here is my result.
Attached Image


Here is my trades for today, 01 August 2014.
Attached Image (click to enlarge)
Click to Enlarge Name: 01-AUG-2014_trade.png Size: 490 KB


I am watching 8 pairs; EU, GU, EJ, GJ, EA, GA, EN, GN.

Stay green!
SMT, IPDA, Market Structure
  • #14,905
  • Aug 1, 2014 2:53am Aug 1, 2014 2:53am
Quoting Udine
{quote} i put the pending order in just before the close of the hour.. (3rd time I mentioned) Udine
Thanks, but I was referring to a minimal distance of 1 pip from the open to have a valid "takeable" level.
  • #14,906
  • Aug 1, 2014 2:57am Aug 1, 2014 2:57am
Quoting isko
Hi there UDINE, I have been following this thread since the 15th of July 2014. I do not have anything to say but "thank you for showing the way". After reading the first 100 pages of the thread, I have adopted this strategy to my trading since 21st of July 2014. At first, I wanted to see the technicalities of the basic rules by simply following it, but for 3 days, it did not give me good result due to market condition. Then, I have combined some strategies that do work for me leaving the 90% of the basic rules being followed. To tell you, your 00-level...

great going !!

I am glad it helped you in your trading

Udine
Sleep less, live fast, as it aint gonna last
  • #14,907
  • Aug 1, 2014 2:59am Aug 1, 2014 2:59am
Buenos días familia,

No trades taken so far. Been busy with other things.

Let´s see if there´s still some pips left for the next H1!

flx69
  • #14,908
  • Aug 1, 2014 3:02am Aug 1, 2014 3:02am
Trade #2

GOLD (just for some extra flavor!)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #14,909
  • Aug 1, 2014 3:06am Aug 1, 2014 3:06am
Quoting Masterrmind
Trade #2 GOLD (just for some extra flavor!) {image} Masterrmind...........
I got that one too.
any reasons not to take the 1285 buy this hour?

prev. hour too close for me, so not taking it.
  • #14,910
  • Aug 1, 2014 3:06am Aug 1, 2014 3:06am
Quoting Udine
1. GJ in sync with EJ 2. london open new money coming in 3. Asia did nothing so something had to give 4. Frankfurt has hardly shown any action lately cheers Udine
It just keeps me thinking as these are reason to take the trade.
Does it mean that when putting the GJ trade on you didn't have any reason NOT to take it?

Or is it that you (as everyone) always have lots of reasons in your head PRO and CON taking a trade, but they're somehow weighted and when the weight of the CONs is far less than that of the PROs, you take it.
  • #14,911
  • Aug 1, 2014 3:07am Aug 1, 2014 3:07am
gj +5
  • #14,912
  • Aug 1, 2014 3:12am Aug 1, 2014 3:12am
Quoting Udine
GJ to TP Udine Dont ask about the bottom indi... still testing !!! {image}
Hello Udine,

your trade was done one the "second 00_level". Is this not a violation of your second rule: Entry ONLY the FIRST 00_Level

best regards
  • #14,913
  • Aug 1, 2014 3:13am Aug 1, 2014 3:13am
Quoting isko
Hi there UDINE, I have been following this thread since the 15th of July 2014. I do not have anything to say but "thank you for showing the way". After reading the first 100 pages of the thread, I have adopted this strategy to my trading since 21st of July 2014. At first, I wanted to see the technicalities of the basic rules by simply following it, but for 3 days, it did not give me good result due to market condition. Then, I have combined some strategies that do work for me leaving the 90% of the basic rules being followed. To tell you, your 00-level...
Same here. Your strategy, as it is, is in a little conflict with my nature (I'm trading rejections from levels, not crossing.) But the way you organised money management is a milestone for me. Thank you

I cannot post any trades, because of trading with different strategy, but here are some results with your MM and WUKAR EA.
Attached Image
  • #14,914
  • Aug 1, 2014 3:16am Aug 1, 2014 3:16am
Quoting Juan007
gj +5

gambling with only 15 min to red news

Udine
Sleep less, live fast, as it aint gonna last
  • #14,915
  • Aug 1, 2014 3:17am Aug 1, 2014 3:17am
Trade #2

GA TP

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-01 03_16_32-GBPAUD,H1.png Size: 49 KB
  • #14,916
  • Aug 1, 2014 3:22am Aug 1, 2014 3:22am
Quoting panamamike
Trade #2 GA TP {image}
Hello Mike,
Trying to learn... I took this lvl an hour earlier resulting in a loss. Seeing you take it now you may have been looking at it an hour earlier as well. If so, what was your reason for not taking that H but this H?
  • #14,917
  • Aug 1, 2014 3:29am Aug 1, 2014 3:29am
Quoting whitetrading
{quote} I got that one too. any reasons not to take the 1285 buy this hour? prev. hour too close for me, so not taking it.
Simply not planning to trade any pair extensively.....

Masterrmind...........
Master your Mind then Master your Trades
  • #14,918
  • Aug 1, 2014 3:31am Aug 1, 2014 3:31am
Quoting Udine
GJ to TP Udine Dont ask about the bottom indi... still testing !!! {image}

miss GJ trade today, and there is a lot RED News after NYO, maybe i ended the week faster
  • #14,919
  • Aug 1, 2014 3:32am Aug 1, 2014 3:32am
Quoting Carpathian
{quote} Hello Mike, Trying to learn... I took this lvl an hour earlier resulting in a loss. Seeing you take it now you may have been looking at it an hour earlier as well. If so, what was your reason for not taking that H but this H?
I use an extra tool to weed my signals. I have previously shown my "guide" screen and what I use. I am not trying to be dismissive, but I have outlined it before and really don't wish to keep doing that.

Scroll through the attachments on my profile and then read the post.
  • #14,920
  • Aug 1, 2014 3:33am Aug 1, 2014 3:33am
Quoting Meta1
{quote} Hello Udine, your trade was done one the "second 00_level". Is this not a violation of your second rule: Entry ONLY the FIRST 00_Level best regards

nope

its the first 00 level of the new hour, not of the day!!!

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