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As simple as possible: 00 level trading

  • #19,201
  • Oct 6, 2014 5:16am Oct 6, 2014 5:16am
Quoting JibalaPasan
{quote} The entry was by the rules just not the right time! Pls change paramater of M-Candles indicator to 240 when using H1 chart, otherwise it's useless. Jibala
what you mean by not right time??
also I have sent you a pm please check it.
also H4 candle was red daily was red and H1 was red as well and I have entered short.
  • #19,202
  • Oct 6, 2014 5:20am Oct 6, 2014 5:20am
Trade #2 GBPJPY TP

Another one left to go.

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  • #19,203
  • Oct 6, 2014 5:25am Oct 6, 2014 5:25am
AUDUSD TP (From LO)

- Manual entry at 0.8720. Also decided to display the H1 Charts and use M15 on the Psy Dashboard (on a separate screen).

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  • #19,204
  • Oct 6, 2014 5:25am Oct 6, 2014 5:25am
EURJPY STOP : -10 PIP


3 loss so far today!
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  • #19,205
  • Oct 6, 2014 5:29am Oct 6, 2014 5:29am
Quoting arianptc01
EURJPY STOP : -10 PIP 3 loss so far today! {image}

Stop trading arianptc01! Read the rules again from page 1 mate!
  • #19,206
  • Oct 6, 2014 5:31am Oct 6, 2014 5:31am
NO LONGS below DO wopps wasnt long sorry
Whats That? you're trading What?
  • #19,207
  • Oct 6, 2014 5:33am Oct 6, 2014 5:33am
Quoting Qed
NO LONGS below DO wopps wasnt long sorry
21. a mistake is 10 burpees : times 3 for arian
  • #19,208
  • Oct 6, 2014 5:34am Oct 6, 2014 5:34am
Quoting griffinssoul
{quote} Stop trading arianptc01! Read the rules again from page 1 mate!
I have traded according the rules. do you agree??
Also I have to stop trading after 4 loss. why stop trading now? what is your point? please explain more.

Arian
  • #19,209
  • Oct 6, 2014 5:37am Oct 6, 2014 5:37am
Quoting arianptc01
{quote} I have traded according the rules. do you agree?? Also I have to stop trading after 4 loss. why stop trading now? what is your point? please explain more. Arian
Just my suggestion its up to you : but I've seen it before and I've done it my self --- after so many losses you get into that rhythm, all night, and keep losing... your account! Ask Udine and experienced traders here for advice!

Ask yourself why Udine placed a rule saying stop after 2 good trades?

Stop, reassess, refresh !
  • #19,210
  • Oct 6, 2014 5:40am Oct 6, 2014 5:40am
amen to that Griff
Whats That? you're trading What?
  • #19,211
  • Oct 6, 2014 5:41am Oct 6, 2014 5:41am
Quoting griffinssoul
{quote} Just my suggestion its up to you : but I've seen it before and I've done it my self --- after so many losses you get into that rhythm, all night, and keep losing... your account! Ask Udine for advice! Stop, reassess, refresh !
okay I will stop trading but you said "read the rules from page one", I did not trade against the rules. is that right??

I dont know why other people here did not take these trades? maybe they just publish winning trades here.

I did not get 2 good trades to stop trading by the way.
  • #19,212
  • Oct 6, 2014 5:44am Oct 6, 2014 5:44am
Quoting arianptc01
{quote} okay I will stop trading but you said "read the rules from page one", I did not trade against the rules. is that right?? I dont know why other people here did not take these trades? maybe they just publish winning trades here. I did not get 2 good trades to stop trading by the way.
arianptc01, you are doing well mate and I what you to win. Yes, you are doing the right things but read Udine's first rule page on this thread. He teaches more than just mechanical rules.
  • #19,213
  • Oct 6, 2014 5:45am Oct 6, 2014 5:45am
Quoting JibalaPasan
{quote} The entry was by the rules just not the right time! Pls change paramater of M-Candles indicator to 240 when using H1 chart, otherwise it's useless. Jibala
is there any rule about good or bad time?? please share if any.
thx

Arian
  • #19,214
  • Oct 6, 2014 5:45am Oct 6, 2014 5:45am
for starters IMO its basically the 1st level below DO ,I would just wait ... for next hrly candle open even then a short would be against the rules ,,NO SHORT @100 level stick a piece of paer on top ur screen ,,NO short 100 level NO long 900 level
Whats That? you're trading What?
  • #19,215
  • Oct 6, 2014 5:49am Oct 6, 2014 5:49am
Quoting griffinssoul
{quote} arianptc01, you are doing well mate and I what you to win. Yes, you are doing the right things but read Udine's first rule page on this thread. He teaches more than just mechanical rules.
Thank you mate. can you please tell me couple of that rules? I cant find them. I mean I don't know exactly what you mean/which rules?
  • #19,216
  • Oct 6, 2014 5:49am Oct 6, 2014 5:49am
Quoting JibalaPasan
{quote} That's correct. If you have read my previous post of this morning, you'll know what happend. {image} Jibala
JiPa,

I finally had time to read the post. Incredible...
I must say I envy you, having such a mutually satisfactory business relationship with your broker...

flx69
  • #19,217
  • Oct 6, 2014 5:55am Oct 6, 2014 5:55am
SUMMARY TRADING RULES:

1. D1 & 1H candle color MUST be both red or both green
2. Entry ONLY the FIRST 00 level
3. Frankfurt open only .400/.500/.600 levels
4. London open all levels
5. No short @ .100 level
6. No long @ .900 level
7. No trading 1 hour before RED NEWS on the pair
8. No trading less than 30 minutes after RED NEWS in the pair
9. After 4 losses stop trading for the day
10. Higher probability at market opens (new money into the market
11. Check ADR
12. Distance to BRN > 10 pips (see 5 & 6)
13. Stop trading after reaching daily target
14. Stop Loss 10 pips
15. Take profit 5 pips
16. Trailstop 3.5 pips & Stoploss to BE @ 3.5 pips
17. Only pending orders
18. Trade higher ADR pairs only
19. My pairs EJ and GJ
20. only 1 trade per hour per pair
21. a mistake is 10 burpees
Whats That? you're trading What?
  • #19,218
  • Oct 6, 2014 5:56am Oct 6, 2014 5:56am
woops even I got rule 2 wrong ..Ill shut up now
Whats That? you're trading What?
  • #19,219
  • Oct 6, 2014 5:58am Oct 6, 2014 5:58am
Quoting arianptc01
EURJPY STOP : -10 PIP 3 loss so far today! {image}
Why are you setting a pending sell order if;

- there´s no clear trend yet
- if S/L of your pending order gets hit, it is on the other side of the D.O.

flx69
  • #19,220
  • Oct 6, 2014 6:00am Oct 6, 2014 6:00am
Quoting Qed
woops even I got rule 2 wrong ..Ill shut up now
I would also read this arianptc01 ;

post 879: http://www.forexfactory.com/showthre...59#post7521659 (why people dont succeed in forex)

and build a trading plan - like its your business - this includes protocol & procedure to follow when things go wrong. The rules as shown by Qed are just one part of trading.
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