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As simple as possible: 00 level trading

  • #18,581
  • Sep 23, 2014 3:52am Sep 23, 2014 3:52am
Quoting Madscientist
{quote} Thanks alot mwsteiner.. Anyways, EU from 1.2870 TP'ed +5.. But abit sceptical to enter one more trade @ 1.2880. Do udine rules permit to enter @ 1.2880? Just for educational purposes. Madscientist
The first 00 level for entry was the .600..

you can trade only one level per hour

Udine
Sleep less, live fast, as it aint gonna last
  • #18,582
  • Sep 23, 2014 3:54am Sep 23, 2014 3:54am
Quoting Udine
{quote} Welcome, its good to have some intelligence in the form of a scientist in our midst Udine
Thanks Udine..

Lol I wish I have the intelligent of a scientist, but I'm just a small time businessman trying to make some side money from the one thing I 'love and hate' for like 5 years. Only now I found some free time to trade and thanks to your system it suits me perfectly..

Thanks and good luck

Madscientist
  • #18,583
  • Sep 23, 2014 4:02am Sep 23, 2014 4:02am
Hi Udine my second day being able to sit in front of my screen and trade the london open. Both days I have had my 2 +5 trades with in half an hour of the open. Its a great system. Could I please ask you about your Bonus trades. What makes you decide to trade bonus trades? I thought the rules were to stop trading after 2 successful trades. I am interested to learn as the system seems so powerful. Do you wait until the NY open now for bonus trades? Do you wait for retraces etc? Thanks in advance and thanks for such an amazing and simple system.
  • #18,584
  • Sep 23, 2014 4:06am Sep 23, 2014 4:06am
Quoting Madscientist
{quote} Thanks Udine.. Lol I wish I have the intelligent of a scientist, but I'm just a small time businessman trying to make some side money from the one thing I 'love and hate' for like 5 years. Only now I found some free time to trade and thanks to your system it suits me perfectly.. Thanks and good luck Madscientist

Aren't we all small businessmen/ women...

we are all the CEO of ME Inc.

enjoy the ride

Udine
Sleep less, live fast, as it aint gonna last
  • #18,585
  • Sep 23, 2014 4:06am Sep 23, 2014 4:06am
Haircut, my understanding of Udine's approach to bonus trades is that;

A) It comes from his extensive experience with this strategy and his plan
B) When he feels 110% and the market feels right he'll do bonus trades

Bonus trades therefore are a by-product of understanding your setup, and seeing that the market is in favourable conditions today for those setups.

Don't get greedy!

All the best,
TurismoTek.
  • #18,586
  • Sep 23, 2014 4:08am Sep 23, 2014 4:08am
Quoting Udine
{quote} Dont worry there is no right or wrong Daily open... for example the difference between my daily open and Jibala's daily open is about 7 hours... we are both making green pips... so it does not matter... Use what you have and you will be fine cheers Udine
I am wondering why all asking about "my" DO. So many times I stated already its not "my" DO, its coming from broker and I never changed anything!

Thanks Udine for your support!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,587
  • Sep 23, 2014 4:09am Sep 23, 2014 4:09am
Quoting haircut
Hi Udine my second day being able to sit in front of my screen and trade the london open. Both days I have had my 2 +5 trades with in half an hour of the open. Its a great system. Could I please ask you about your Bonus trades. What makes you decide to trade bonus trades? I thought the rules were to stop trading after 2 successful trades. I am interested to learn as the system seems so powerful. Do you wait until the NY open now for bonus trades? Do you wait for retraces etc? Thanks in advance and thanks for such an amazing and simple system.

Haircut,

well done..

now to train the PDF & BCC:

stop trading after your 2 winners.
watch the charts, dont trade...

it is vital to get consistent and you will see fast enough how fast your account grows with 2 winners a day...

no need to be greedy, no need for bonus trades...

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #18,588
  • Sep 23, 2014 4:10am Sep 23, 2014 4:10am
Second EJ to TP

Attached Image


Two wins and one BE again, done for the day, thanks Udine!
Persistence will get it. Consistency will keep it.
  • #18,589
  • Sep 23, 2014 4:11am Sep 23, 2014 4:11am
Quoting JibalaPasan
{quote} I am wondering why all asking about "my" DO. So many times I stated already its not "my" DO, its coming from broker and I never changed anything! Thanks Udine for your support! Jibala


That is why I mentioned the difference between our daily opens... it is simply difference of brokers...

It makes one thing clear though... it does not matter which one you use, you can make green pips with any..

Udine
Sleep less, live fast, as it aint gonna last
  • #18,590
  • Sep 23, 2014 4:13am Sep 23, 2014 4:13am
Trade #3 AU to TP (perfect timing and luck )

Done for the day, i go climbing! cya guys tomorrow.

Green pips to all.

Greetz Michael
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1TP.png Size: 79 KB
  • #18,591
  • Sep 23, 2014 4:27am Sep 23, 2014 4:27am
Quoting mwsteiner
Trade #3 AU to TP (perfect timing and luck ) Done for the day, i go climbing! cya guys tomorrow. Green pips to all. Greetz Michael {image}
Enjoy

Udine
Sleep less, live fast, as it aint gonna last
  • #18,592
  • Sep 23, 2014 4:28am Sep 23, 2014 4:28am
+5 pips on EJ @9:00:32 (GMT+1) sell @139.400
+5 pips on EJ @10:04:00 (GMT+1) sell @139.600

Business plan executed,
See you all tomorrow.

All the best,
TurismoTek.
Attached Image (click to enlarge)
Click to Enlarge Name: Day Summary.png Size: 37 KB
  • #18,593
  • Sep 23, 2014 4:49am Sep 23, 2014 4:49am
Quoting Udine
good morning, very brave to trade while Tokyo is closed.... in my book would mean NO TRADING... now time for my 2nd coffee Udine
I knew Tokyo was closed; but I didn't realize that was NO TRADING in your book, sorry Master...
My hope has been almost completely shattered, but not completely yet
  • #18,594
  • Sep 23, 2014 4:50am Sep 23, 2014 4:50am
Bonus trade
uc +5
Attached Image


EDIT: Uploaded 1H chart instead of 5M
My hope has been almost completely shattered, but not completely yet
  • #18,595
  • Sep 23, 2014 5:00am Sep 23, 2014 5:00am
Trade #1

EURJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB


Trade #2

AUDCHF +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 59 KB


Comment: AC trade went from 500 level as the 400 was closer to the DO and also under Weekly support..hence took next level.

Done for the day!

Masterrmind..........
Master your Mind then Master your Trades
  • #18,596
  • Sep 23, 2014 5:03am Sep 23, 2014 5:03am
I guess It's time to buy major pairs

Attached Image
  • #18,597
  • Sep 23, 2014 5:30am Sep 23, 2014 5:30am
Quoting Masterrmind
Trade #1 EURJPY +5 TP {image} Trade #2 AUDCHF +5 TP {image} Comment: AC trade went from 500 level as the 400 was closer to the DO and also under Weekly support..hence took next level. Done for the day! Masterrmind..........
Mastermind,

If possible and you have the time a small explanation of how you use the sync tool and what constitutes an approval from the tool.

Also, I noticed on EJ you didn't trade the 139.400 level, why?

Thank you,
All the best,
TurismoTek.
  • #18,598
  • Sep 23, 2014 5:42am Sep 23, 2014 5:42am
Quoting TurismoTek
{quote} Mastermind, If possible and you have the time a small explanation of how you use the sync tool and what constitutes an approval from the tool. Also, I noticed on EJ you didn't trade the 139.400 level, why? Thank you, All the best, TurismoTek.

with regards to the EJ: did you see the EUR RED NEWS ????

Udine
Sleep less, live fast, as it aint gonna last
  • #18,599
  • Sep 23, 2014 5:45am Sep 23, 2014 5:45am
Quoting Udine
{quote} with regards to the EJ: did you see the EUR RED NEWS ???? Udine
German Flash Manufacturing PMI @8.30am ?

30-minutes after I set pending order for 139.400 and was entered within 30 seconds,

Is this outside of the rules? If so, why?

TurismoTek
  • #18,600
  • Sep 23, 2014 6:13am Sep 23, 2014 6:13am
UC TS +1.7pips
Attached Image


COMMENT: I was wondering if BE was better than TS. I chose TS this time.
My hope has been almost completely shattered, but not completely yet
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