{quote} Is that means Process is like " signal appears on dashboard , you go on chart and see PA and pull trier in seconds. what do you do before signal on db Thanks
Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
As simple as possible: 00 level trading
- #19,261
- Oct 6, 2014 9:44am Oct 6, 2014 9:44am
- Joined Jun 2014 | Status: Trader | 2,498 Posts
Jibala
- #19,265
- Oct 6, 2014 11:07am Oct 6, 2014 11:07am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} Hello, MM! I would not hurry to "keep a chin high" (lol), because it's not by the Udine's rules. Of course, it's ok to take the second level in case when the first level is *.900 or *.100, but it's a violation of the rule #2 from the first post: "2. Entry ONLY the FIRST 00 level". And Udine confirmed it in post # 6077. I just think it's better to prevent any misunderstandings for those who want to strictly follow the rules. CheersBest regards, Artem
I beg to differ!
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
Please refer to rule #2, #6 and #12.
My EA trade was NOT possible going long from the 900 level and in any case would never have been taken from the level anyway when its resting on top of the DO.
Sometimes and usually many times a trader must make a judgement as well as use common sense.
I believe my trade was valid since the 900 was NOT the first valid level and hence BRN was taken as explained because my friend it is the first and only valid level at that time.
Hope that helps!
Masterrmind...........
Master your Mind then Master your Trades
- #19,266
- Oct 6, 2014 11:17am Oct 6, 2014 11:17am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
{quote} " Find what works and repeat it over and over and over again" MM, that is very , very true. BUT not everybody will last in that endeavour. It takes a very long time.
They will surely last if it always works.
Getting there is the key...no doubt about it.
Masterrmind.........
Master your Mind then Master your Trades
- #19,267
- Oct 6, 2014 11:19am Oct 6, 2014 11:19am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Good luck everyone....took the whole day off from trading as its a holiday over here in Oz.
See you all tomorrow
Time for rest
Masterrmind...........
See you all tomorrow
Time for rest
Masterrmind...........
Master your Mind then Master your Trades
- #19,269
- Oct 6, 2014 11:27am Oct 6, 2014 11:27am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
- #19,270
- Oct 6, 2014 11:53am Oct 6, 2014 11:53am
{quote} Hi Artem, I beg to differ! 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...
To me it's simple: in the rule # 2 there is no word "valid", so the first level is the first level. Udine proved it in his post too.
So, I don't see anything more to bet here
However, I don't use this method exactly in the way it is, I am not a master of it, and I don't want to confuse anyone if I am wrong. Therefore, I would like Udine to say his word about that.
Thanks,
Best regards,
Artem
Let's go with the flow
- #19,272
- Oct 6, 2014 1:17pm Oct 6, 2014 1:17pm
UJ +5
GU +5
UC +5
today's total: +20 pips
I'm beginning to feel confident...
As MM said, you can mix your ways of recognizing trends with Udine's rules.
Done for today, satisfied.
GU +5
UC +5
today's total: +20 pips
I'm beginning to feel confident...
As MM said, you can mix your ways of recognizing trends with Udine's rules.
Done for today, satisfied.
My hope has been almost completely shattered, but not completely yet
- #19,279
- Edited 7:38pm Oct 6, 2014 7:10pm | Edited 7:38pm
- Joined Aug 2014 | Status: Membership Terminated | 4,544 Posts
EU #1 TP {image}
UCAD was the inverted version of this... EG setup in the same way as EU but there was no entry for it (with respect to this method)... NU same setup as EU...
