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As simple as possible: 00 level trading

  • #20,141
  • Oct 23, 2014 4:36am Oct 23, 2014 4:36am
Trade #1

NZDUSD +5 TP

Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #20,142
  • Oct 23, 2014 4:44am Oct 23, 2014 4:44am
Trade #2

NZDCAD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Comment: Done for the day!

Masterrmind...........
Master your Mind then Master your Trades
  • #20,143
  • Oct 23, 2014 4:45am Oct 23, 2014 4:45am
possitive 4 trades today, and below the 2 negative ... i didn't know what fail... no one has caught? EU looked good entry ...
Attached Image(s) (click to enlarge)
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  • #20,144
  • Oct 23, 2014 5:17am Oct 23, 2014 5:17am
HI,

Great Thread.

1# trade and loss.

Attachment
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  • #20,145
  • Oct 23, 2014 5:23am Oct 23, 2014 5:23am
AUDJPY Long 94.50 SL

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- Shouldn't have taken due to second level for the hour. CADJPY Long at 95.60 was my preferred choice, but I missed it and took this instead. Need to practice more patience.
(RgH and RgL aren't correct)
  • #20,146
  • Oct 23, 2014 5:27am Oct 23, 2014 5:27am
Good day everyone!

First trade of the day GJ and straight to SL
I suppose I should have realised it was in a resistance area. Lesson learnt.
Thanks
BB.
Attached Image
  • #20,147
  • Edited 5:45am Oct 23, 2014 5:35am | Edited 5:45am
Quoting mwsteiner
{quote} Hi Alorente, may you can explain how you work with your indicator? I think its a good "big" filter but do you think with Udines 4 pairs (EJ;GJ;EU;GU) you can make 2 low-risk trades per day? You wrote no sold for GU between july 2013 to july 2014 so there are only 3 pairs in this year, is this right? Excuse for my english and thank you! Greetz Michael
No. I meant that in addition to the trend definition that Udine has developed, you may get a better percentage if you limit yourself to the correct side of a strong Daily trend. For example: In the UJ chart I attached in my previous post, you would only take longs if price is above the Daily 50 MA, even if price is under the Daily open, because the Daily trend is very strong. The indi I included will allow you to see the strongest trending pairs. You should set it to D1 and 50 SMA if you choose to use it.
Observation is the path to discovery.
  • #20,148
  • Oct 23, 2014 5:39am Oct 23, 2014 5:39am
Udine, Here is my first trade with your system plus my filter on USDCAD. +5 pips.

I chose UC because of the strong daily trend (Above 50MA) in addition to all your other conditions.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadc-h1.png Size: 61 KB
Observation is the path to discovery.
  • #20,149
  • Oct 23, 2014 5:46am Oct 23, 2014 5:46am
Quoting Masterrmind
{quote} Interesting chart you have there because on my NU chart only shorts have been possible for the entire day. My Chart: NU Open @ 0.79288 NU High of the day @ 0.79288 In other words since the "opening bell" the price has never gone above where it started and has just gradually made a continual fall! Out of interest what is your NU Open for today. ps. nice harami by the way as well as profit............ EDIT: Must be completely different DO levels from our respective brokers...... Masterrmind..........
Hi Master. Attached screen with NU.

DO is not as by broker. Tweaked time to reflect EST midnight. indi is in the thread "modified DO"
Attached Image (click to enlarge)
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  • #20,150
  • Oct 23, 2014 5:51am Oct 23, 2014 5:51am
Quoting Alorente
Udine, Here is my first trade with your system plus my filter on USDCAD. +5 pips. I chose UC because of the strong daily trend (Above 50MA) in addition to all your other conditions. {image}

well done

now you're the one with a 100 % successrate...

keep that up

Udine
Sleep less, live fast, as it aint gonna last
  • #20,151
  • Oct 23, 2014 5:54am Oct 23, 2014 5:54am
Quoting snail69
{quote} Hi Master. Attached screen with NU. DO is not as by broker. Tweaked time to reflect EST midnight. indi is in the thread "modified DO" {image}
Thanks for clearing that all up...yes I'm aware of that indicator.....

Great to see you profit.....

I took an NU short on the other side of your trade to TP so we are all happy traders.....

Good Trading,

Masterrmind..........
Master your Mind then Master your Trades
  • #20,152
  • Edited 7:48am Oct 23, 2014 6:09am | Edited 7:48am
Better entry this time
GJ to TP.

Thanks
BB

Edit: picture now attached
Edit: clearer picture attached
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  • #20,153
  • Oct 23, 2014 6:18am Oct 23, 2014 6:18am
evening folks , just wonder when posting a chart if the TF could be shown somewhere, juts makes it easier to spot setups.. thanx in advance Q
Whats That? you're trading What?
  • #20,154
  • Edited 6:33am Oct 23, 2014 6:21am | Edited 6:33am
Quoting snail69
#2 NU (1st harami not taken as it was around LO) In both trades a nice AB=CD. {image}
Hi Snail sorry to bother yout, I'm trying to learn: if the harami pattern is the one circled blue, isn't it a bearinsh one ?
And what do you mean with AB = CD trade ?
EDIT: at a close look I've seen the bullish harami, squared it in orange. For the AB=CD I'll check you link, thank you.
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Porta itineris dicitur longissima esse
  • #20,155
  • Oct 23, 2014 6:30am Oct 23, 2014 6:30am
Quoting bubincka
{quote} Hi Snail sorry to bother yout, I'm trying to learn: if the harami pattern is the one circled blue, isn't it a bearinsh one ? And what do you mean with AB = CD trade ? {image}
http://www.dailyfx.com/forex/educati...D_Pattern.html
  • #20,156
  • Oct 23, 2014 6:36am Oct 23, 2014 6:36am
#3 NU harmonics in play
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  • #20,157
  • Oct 23, 2014 6:38am Oct 23, 2014 6:38am
Quoting Qed
evening folks , just wonder when posting a chart if the TF could be shown somewhere, juts makes it easier to spot setups.. thanx in advance Q
Yes, you are right. Sorry. I normally do it, but was in a bit of a rush....
  • #20,158
  • Oct 23, 2014 6:39am Oct 23, 2014 6:39am
#4 AU harmonics in play - i know rule around towards 000, but pattern just ended there......
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  • #20,159
  • Oct 23, 2014 7:43am Oct 23, 2014 7:43am
Quoting snail69
#4 AU harmonics in play - i know rule around towards 000, but pattern just ended there...... {image}
Very naughty of you Snail (and also very profitable )

flx69
  • #20,160
  • Oct 23, 2014 8:11am Oct 23, 2014 8:11am
Quoting Alorente
Udine, Here is my first trade with your system plus my filter on USDCAD. +5 pips. I chose UC because of the strong daily trend (Above 50MA) in addition to all your other conditions. {image}
Hi Alorente,

Thanks alot for ur additional indis to increase our successful trading rate.
I'm trying to analyze ur thinking process..
1. You checked chart D1, UC is above 50SMA ( only long ).
2. You checked all Udine's indi all green.
3. You saw that the candles on H1 moving into DO line. ( mostly it will bounce).
4. There's a demand area / flag limit near DO.
5. You set a pending order right after the last red candle H1 closed, even though there's a Bearish engulfing H1.
6. ( your TP 7.2 pips ? )
Am I correct ...?

And about ur 'Top 8 trenders' indi, I may open it on all timeframes right ?
BTW what those numbers means ..?

Sorry for my bad english...
B
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