Disliked{quote} I will take also into account what you say about trading only the first 00 level after the DO, but actually I dont remember that Undine would write something like that? Is it your idea, or I have just missed it? And what if PA crosses that level for the second or third time- would you trade that?Ignored
2. Entry ONLY the FIRST 00 level
My only suggestion was / is that at current time you should not trade levels beyond the 1st level since it becomes more and more risky! If once you are experienced enough and you are a master of the WUKAR system, go on and trade other levels too. Prior to this you should really study the meaning of candlestick patterns (have a look here) and, if you are using FPS & PsyLevel indicator, strength and correlation.
I will give you another hint, what was already answered via PM:
*****
Hello xxxxx, if your trading will depend on FPS - indicator only, you will fail! You have to learn and to understand different market situations. Indicators doing a great work and can help us in decision to take or not to take a trade. But there is much more we have to know about trading. You might feel better and stay on the more safe side if you only take trades matching criteria I described already. But the FPS is not a holy grail and its not working accurate! Means you will fail again and you will call me an idiot (maybe)! You also should install the PsyLevel Dashboard indicator with D1-H4-H1-M15 setting for all the pairs you are going to trade and the pairs most correlated to them. Watch it carefully and try to understand. For example you will have AJ, AU, EA, EJ, EU, GA, GJ, GU (you see at least 3 of the same currency!) on the Dashboard you will only trade e.g. AJ long if AU, EJ & GJ is long as well plus GA is on the short side. Then look on FPS if AUD is on the top (or almost) and YEN is down to the bottom (or almost). This is a good indication for a strong AUD and a weak YEN, therefore you will buy AUD and sell YEN. You got it?
Once again, watch it carefully and try to understand how it works. But most of all, do not enter blindly, even then if all indicators show long / short.
Furthermore change your chart TF to H1 instead of using M15. It will reduce the noise and false signals and you will see entries much more clear!
Hope this will help and lead you to succeed!
Sincerely Jibala
*****
Many thanks to Natha for her incredible and unique generosity to teach me!
Wish you all a blessed sunday.
Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
(or was that outbreake caused by any news ?) ... I think I never saw a rule recommending the use of only the first 00 level after DO ? Is that a new rule ? That would be a strong limitative filter ...
