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As simple as possible: 00 level trading

  • #18,681
  • Sep 24, 2014 9:38am Sep 24, 2014 9:38am
Usdcad long -10 sl.
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nzdusd long +5 tp.
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  • #18,682
  • Sep 24, 2014 9:39am Sep 24, 2014 9:39am
Quoting stanvy
{quote} hi mm, may i know where can i get the indicator you use to mark trade history? thanks!
you could try chronus programmed by our irc friend Tener good thing is you can turn it on and off with a tick box
http://www.forexfactory.com/showthread.php?t=405044
  • #18,683
  • Sep 24, 2014 10:05am Sep 24, 2014 10:05am
Okay... now a little bit of self-reflection...
Today I took 6 trades so far in order: +5, +5, -1.5, -3.5, -10, +5 in total -4 pips NEGATIVE! I think most of us here including me do not really take the essence of this system, find the best two trades the day!

People are happy and inspired when they start following this system as they do have success because many times you do take profit here which you may not have had before that much as you might have been coping with some 10-20 SL versus 30-50 pip profit goals where the trades itself had to last longer and ... well probability of taking profit was less. On the other hand when you take the -10 SL it does hurt but you think to yourself hey, I was also able to make profits so I'll just have to be more careful and attentive!
And that is true however damn difficult to find the two best setups a day... as in life everything is relative and you are used to evaluating situations mostly afterwards in retrospect. You don't, you cannot really tell if you are going to take the best two holiday destination options when however you are very good at and spend a lot of time with qualifying and quantifying which were the best two choices of anything in your day, week, month, life.

So what is it that I wanna tell now? The essence and very first 'rule' of this system is finding the best two trades of the day. This is how you should sit in front of the computer. Not for finding all the good entries, or a lot of good entries but only two. As the yell is: how on earth that I could not find 2x5 pips on multiple pairs that make several hundred pips of movement a day all together.
  • #18,684
  • Sep 24, 2014 10:38am Sep 24, 2014 10:38am
Quoting Carpathian
Okay... now a little bit of self-reflection... Today I took 6 trades so far in order: +5, +5, -1.5, -3.5, -10, +5 in total -4 pips NEGATIVE! I think most of us here including me do not really take the essence of this system, find the best two trades the day! People are happy and inspired when they start following this system as they do have success because many times you do take profit here which you may not have had before that much as you might have been coping with some 10-20 SL versus 30-50 pip profit goals where the trades itself had to last...
  • #18,685
  • Sep 24, 2014 10:44am Sep 24, 2014 10:44am
Quoting photize
{quote} Nice while I am here I notice everyone has ASH in the chart window, I have searched 20 pages looking for it as I have the older histogram indie , any clues if its a newer version or just renamed, mine cannot show thicker bars, cheers Photize
I modified it to look like Udine's. I'm still testing this. Sorry if there still remain some mistakes.
Attached File(s)
File Type: mq4 AbsoluteStrenghtHisto.mq4   8 KB | 415 downloads
My hope has been almost completely shattered, but not completely yet
  • #18,686
  • Sep 24, 2014 10:47am Sep 24, 2014 10:47am
Trade #1 AU, #2 EA, #3 NU & #4 GJ TP.

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NU was executed 35 sec. before ending of candle, thus no violation of rules bcoz. the news.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,687
  • Sep 24, 2014 11:52am Sep 24, 2014 11:52am
AJ LONG BE
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CADJPY LONG +5 (under DO, against the rules!)
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GU -10 SL
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ACAD -10 SL
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EURGBP -4 manual SL
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Overtraded myself as usual...
Still the guy who thinks he needs to test his ideas on every wave instead of making money.
  • #18,688
  • Sep 24, 2014 12:16pm Sep 24, 2014 12:16pm
Quoting snail69
Would appreciate help with scripts issue. Both UdineInstantBuy and UdineInstantSell work ok but they are set firmly to 2% risk and compound each time trade is opened. Other versions GlobalInstantSell and GlobalInstantBuy can not manage them to work properly. Where to place SetUdinesGlobal. ? Want have firm lot set up, no % based for both Sell and Buy. Should I put it into libraries folder ? Thanks.
Read this post again, it explains everything.
http://www.forexfactory.com/showthre...89#post7582889
  • #18,689
  • Sep 24, 2014 12:17pm Sep 24, 2014 12:17pm
Quoting mkfx
{quote} Hi In which post these scripts . Thanks
http://www.forexfactory.com/showthre...89#post7582889
  • #18,690
  • Sep 24, 2014 12:18pm Sep 24, 2014 12:18pm
Quoting TurismoTek
Can you use the UdinesGlobalInstantSellStop and UdinesGlobalInstantBuyStop whilst running WUKAR_WB_Trail_V1.3 ?
Yes, but if you have other non-00 trades, you might want to use 1.3.3e that tracks only trades with a matching Magic Number. Otherwise, 1.3.2e is a good stable one.
  • #18,691
  • Edited 1:08pm Sep 24, 2014 12:26pm | Edited 1:08pm
AUDJPY to TP

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Edit:

Damn, I notice that I didn't trade the 00 line...
The second time that happened to mel Luckily they both were winners).
veni vidi vici
  • #18,692
  • Edited 5:46pm Sep 24, 2014 1:36pm | Edited 5:46pm
Quoting ericjschroed
{quote} Yes, but if you have other non-00 trades, you might want to use 1.3.3e that tracks only trades with a matching Magic Number. Otherwise, 1.3.2e is a good stable one.
Thank you Eric,

I've come across a problem.

When executing the script for UdinesGlobalInstantBUYstop is perfect,
but when I execute UdinesGlobalInsantSELL stop nothing happens...

Any ideas?


Thanks,
TurismoTek

EDIT: Problem solved. The linked UdinesGlobalInsantSell had a coding error that was fixed later on in the thread.
  • #18,693
  • Sep 24, 2014 10:39pm Sep 24, 2014 10:39pm
Quoting TurismoTek
{quote} Thank you Eric, I've come across a problem. When executing the script for UdinesGlobalInstantBUYstop is perfect, but when I execute UdinesGlobalInsantSELL stop nothing happens... Any ideas? Thanks, TurismoTek EDIT: Problem solved. The linked UdinesGlobalInsantSell had a coding error that was fixed later on in the thread.
Turismo, can you point to the proper version of Sell script please ?
  • #18,694
  • Sep 24, 2014 11:39pm Sep 24, 2014 11:39pm
Trade #1

AUDUSD +5 TP

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Comment: Asian session!

Masterrmind........
Master your Mind then Master your Trades
  • #18,695
  • Sep 24, 2014 11:43pm Sep 24, 2014 11:43pm
Mastermind at this time.I did short the NZDJPY pair.
With God all things are possible.
  • #18,696
  • Sep 24, 2014 11:48pm Sep 24, 2014 11:48pm
Quoting Dehyah
Mastermind at this time.I did short the NZDJPY pair.
If you traded NJ at a similar time that I traded the AU then you should not have since the price is below the RgL (indicates an indicative over extension of price which could mean higher risk.....it's also against the rules of the 00 method)

Masterrmind...........
Master your Mind then Master your Trades
  • #18,697
  • Sep 24, 2014 11:57pm Sep 24, 2014 11:57pm
Quoting Masterrmind
{quote} If you traded NJ at a similar time that I traded the AU then you should not have since the price is below the RgL (indicates an indicative over extension of price which could mean higher risk.....it's also against the rules of the 00 method) Masterrmind...........
Ok, my bad.
With God all things are possible.
  • #18,698
  • Sep 25, 2014 12:15am Sep 25, 2014 12:15am
Quoting Masterrmind
Trade #1 AUDUSD +5 TP {image} Comment: Asian session! Masterrmind........


Trade #1 AJ TP.

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AUD was weak and sync! A perfect trade.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,699
  • Sep 25, 2014 2:08am Sep 25, 2014 2:08am
Jó reggelt -- Good Morning!
Big moves during asia and euro news at CET 9:00 so it's a waiting game this time as well...
  • #18,700
  • Sep 25, 2014 2:13am Sep 25, 2014 2:13am
Quoting Carpathian
Jó reggelt -- Good Morning! Big moves during asia and euro news at CET 9:00 so it's a waiting game this time as well...
yeah all the four pairs are reversing to the DO...
My hope has been almost completely shattered, but not completely yet
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