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As simple as possible: 00 level trading

  • #16,701
  • Aug 26, 2014 6:43am Aug 26, 2014 6:43am
Quoting liuxiaobing
hi jibala: how do you select the pairs?watching your computer all days and select the suitable one or setup the condition and let mt4 send the email to you? thank you!
This I have answered many times already! I am using a special trading tool, a Dashboard with all the neccessary information I need, which was developed by my mentor for the WUKAR system. I dont watch charts anymore! Without Dashboard it's not possible to watch all the pairs.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,702
  • Aug 26, 2014 6:58am Aug 26, 2014 6:58am
Quoting goldcourse
{quote} ronwalt, I'm using this meter for trading . It serve my purpose except it isn't that colorful/fanciful. Hope you will find it useful. {file}
Thanks!
  • #16,703
  • Aug 26, 2014 8:01am Aug 26, 2014 8:01am
3rd trade of the day, SL.

That was ridicule.

Order set, price was 5 pips above the entry level and still falling down, i liked the conformation, the fact that Eur was weak and Cad was being strong (look at CADCHF and CADJPY).
Red news on USD came in, the order got triggered during a platform freeze (actually i didn't see the price reaching that level).
When the data flow turned stable i was already -75.
SL hit and now, 5 minutes later, price has reached the level that would have been my TP.

In terms of %gain that was the worst day of the month for me.

No words!

Lrt
Attached Image (click to enlarge)
Click to Enlarge Name: EC SL 26 08.jpg Size: 136 KB
"Every battle is won before it's fought."
  • #16,704
  • Aug 26, 2014 8:21am Aug 26, 2014 8:21am
In terms of %gain that was the worst day of the month for me. No words! Lrt {image}[/quote]

Same here..nothing worked..Tokyo..London..now New York. Should probably wait til next week
  • #16,705
  • Aug 26, 2014 8:21am Aug 26, 2014 8:21am
Quoting Patron
{quote} If you do not want to share do not show it. You look like a boy showing a toy to give envy to others. You either you catch everything that others share. Too bad Jibalapasan. Do not share it, but do not show it, you're already an adult! KARMA
If anyone wants Currency Strength Meter, there are publicly available renowned tools and systems out there already. I don't think anything others can beat the following systems in performance.

Currency Strenth Meter:
http://www.currencynewstrading.com/3...ter-explained/

Currency Heat Map:
http://www.actionforex.com/markets/d...2009031181561/
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #16,706
  • Aug 26, 2014 8:22am Aug 26, 2014 8:22am
Quoting Qed
WHY rely on Udine? ITS YOUR MONEY ..learn the RULES , apply the RULES ... make your own decisions ...
I guess Yag wanted to say that every thread needs a Moderator- In Forex trading like in anything else. Udine, who is the owner of the thread, is the natural Moderator. Then everybody can express his/her opinion with freedom.
Porta itineris dicitur longissima esse
  • #16,707
  • Aug 26, 2014 8:37am Aug 26, 2014 8:37am
Quoting heispark
{quote} If anyone wants Currency Strength Meter, there are publicly available renowned tools and systems out there already. I don't think anything others can beat the following systems in performance. Currency Strenth Meter: http://www.currencynewstrading.com/3...ter-explained/ Currency Heat Map: http://www.actionforex.com/markets/d...2009031181561/
Thank you. I've checked for a while values given by the indicator provided by goldcourse and the one pointed by your first link and they match. It's not important they match to the decimal point, since as reported by many fellow traders they are lagging indicators. They are meant to bring a bit of information to take a decision when you trade a lot of pairs.
Porta itineris dicitur longissima esse
  • #16,708
  • Aug 26, 2014 8:47am Aug 26, 2014 8:47am
Quoting heispark
{quote} If anyone wants Currency Strength Meter, there are publicly available renowned tools and systems out there already. I don't think anything others can beat the following systems in performance. Currency Strenth Meter: http://www.currencynewstrading.com/3...ter-explained/ Currency Heat Map: http://www.actionforex.com/markets/d...2009031181561/
Hi Justin, thanks for the advice.
I already tried that Currency Strenght Meter and I found it too slow for the use we need to do with it in WUKAR.
The Currency Heat Map, also, is based on H4 timeframes.
We need faster indicators, I suppose.
After having tried almost every strenght meter available for free on the net i found that, in my opinion, The Forex Supreme Meter we are using is likely the most suitable for that strategy.. Altough we don't now how it calculates the values.
Being fast, however, as every indicator set on short time frames, it gives some false signals and has a tendency to mess up the values during price peaks.

To confirm the signals given by that strenght meter I'm using also another one that i found on this forum, that i setted to be slower.

Thanks to all these tricks I'm having a constant money return (of -2% a day ).

Lrt
"Every battle is won before it's fought."
  • #16,709
  • Aug 26, 2014 8:50am Aug 26, 2014 8:50am
Quoting heispark
{quote} If anyone wants Currency Strength Meter, there are publicly available renowned tools and systems out there already. I don't think anything others can beat the following systems in performance. Currency Strenth Meter: http://www.currencynewstrading.com/3...ter-explained/ Currency Heat Map: http://www.actionforex.com/markets/d...2009031181561/
Thanks Heispark. I do not use indicators of currency strength. The thing that bothered me is that a person presumed an indicator that is not willing to share on a site whose spirit, precisely, is to share.
That person is willing to free all what gives the thread. That person is willing to fill his ego, publishing their winning trades. In addition, that person boasts an indicator that is not willing to share.
Damn, do not presume indicator!
A child is more emotional intelligence.

Actually, you do not need any special indicator. What is needed is to determine the market condition before opening a trade.
Donde hay Patron no manda Marinero
  • #16,710
  • Aug 26, 2014 9:11am Aug 26, 2014 9:11am
Quoting Patron
{quote} Thanks Heispark. I do not use indicators of currency strength. The thing that bothered me is that a person presumed an indicator that is not willing to share on a site whose spirit, precisely, is to share. That person is willing to free all what gives the thread. That person is willing to fill his ego, publishing their winning trades. In addition, that person boasts an indicator that is not willing to share. Damn, do not presume indicator! A child is more emotional intelligence. Actually, you do not need any special indicator. What is needed...
Example if you see GBPUSD moves within a triangle (very common figure), then you know what the market condition and how you can apply the method of Udine there.
I used another system of trading. But I also needed to know the market condition.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd tri.PNG Size: 69 KB
Click to Enlarge Name: gbpusd pos tri.PNG Size: 95 KB
Donde hay Patron no manda Marinero
  • #16,711
  • Aug 26, 2014 9:12am Aug 26, 2014 9:12am
Quoting Patron
{quote} Thanks Heispark. I do not use indicators of currency strength. The thing that bothered me is that a person presumed an indicator that is not willing to share on a site whose spirit, precisely, is to share. That person is willing to free all what gives the thread. That person is willing to fill his ego, publishing their winning trades. In addition, that person boasts an indicator that is not willing to share. Damn, do not presume indicator! A child is more emotional intelligence. Actually, you do not need any special indicator. What is needed...

Patron, I completely agree with you. What is the point displaying the trades taken by the method you are not willing to share? Total BS.

Who cares about your winning trades. No one.

If you want to pass a knowledge it is appreciated. If not, stop displaying your trades and boosting your personal ego.
  • #16,712
  • Aug 26, 2014 9:13am Aug 26, 2014 9:13am
Good luck All.

Nothing much for me from London until now.........

Masterrmind..........
Master your Mind then Master your Trades
  • #16,713
  • Aug 26, 2014 9:16am Aug 26, 2014 9:16am
Don't worry Jibala. I've been following this thread religiously and you've made an amazing contribution - it's certainly helped me. Haters gonna hate - it just means you're on the right track.
  • #16,714
  • Aug 26, 2014 9:21am Aug 26, 2014 9:21am
Quoting Mariner7
Don't worry Jibala. I've been following this thread religiously and you've made an amazing contribution - it's certainly helped me. Haters gonna hate - it just means you're on the right track.
What does the speed with bacon? That entitles him to inflate like a turkey?


I am not an enemy of Jibalapasan. I am a friend of truth and of justice, which is different. And I was his mentor, he would say, "Do not boast of what you are not willing to share."

It's over, and I do not speak more of this matter.
Donde hay Patron no manda Marinero
  • #16,715
  • Aug 26, 2014 9:26am Aug 26, 2014 9:26am
I sincerely think that Jibala helped me many times, with a lot of things she wrote about.
Maybe that's because I'm a newbie, I don't know.
Won't express myself about that "secret indicator story", as I just don't mind..
I'm just trying to take and keep the the most useful tips from me that i find on this thread, and surely she gave me plenty of them.

Lrt
"Every battle is won before it's fought."
  • #16,716
  • Aug 26, 2014 9:45am Aug 26, 2014 9:45am
..A few words about indicators..
...Sometimes big players want to make a trap and you will see potential impulse movement. For example we have a potential long position.
But if volume is high and spread is low on top of chart how can they buy?

They have big money, and if we see high volume on low spread on top and no result after that, therefore they was selling.
At this moment all indicators will show bullish impulse.
...And any currency strenght meter is not exeption.
  • #16,717
  • Aug 26, 2014 9:50am Aug 26, 2014 9:50am
Hi Jibala,

I'd like to go back to the secret indicator issue. You told that your mentor developed it for you, taylor-made for this strategy. So, you are the legitimate owner and only you can decide what to do with it. If you decide to follow the spirit of this thread you should make it available. Of course your retain the freedon not to share it, but in this last case, I fully agree with Patron and ohter traders here: pls don't show winnong trades taken using a tool we cannot have. In the long run it sounds like a joke.

Without any anger,
bubincka
Porta itineris dicitur longissima esse
  • #16,718
  • Aug 26, 2014 9:53am Aug 26, 2014 9:53am
Thanks a lot to Lrt & Mariner. It was and it will be always like this. Where money is in play, jealousy and greed is very close too! Since I have to do my work, trading, I am not willed to discuss with such people. Therfore I just pressed the "Ignore" button and that's it.

I'm done for today.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,719
  • Aug 26, 2014 10:22am Aug 26, 2014 10:22am
Quoting JibalaPasan
Thanks a lot to Lrt & Mariner. It was and it will be always like this. Where money is in play, jealousy and greed is very close too! Since I have to do my work, trading, I am not willed to discuss with such people. Therfore I just pressed the "Ignore" button and that's it. I'm done for today. Jibala
JibalaPasan, actually your greed will not let you share but only boast. Start sharing or stop displaying 100% winning trades with magic indicator. Newbies may think that you are the Holy 100% Grail. Total Crap.
  • #16,720
  • Aug 26, 2014 10:33am Aug 26, 2014 10:33am
Quoting JibalaPasan
Thanks a lot to Lrt & Mariner. It was and it will be always like this. Where money is in play, jealousy and greed is very close too! Since I have to do my work, trading, I am not willed to discuss with such people. Therfore I just pressed the "Ignore" button and that's it. I'm done for today. Jibala
The button "IGNORE" I gripped it first because I'm not interested transactions someone who does not want to share. So that person just wants to show off, and refill their ego with our compliments. So I ignored you, first. What good do your trades?
Why I answer, if you've ignored? Because I know that now you're not trading.

Bye and Karma.
Donde hay Patron no manda Marinero
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