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As simple as possible: 00 level trading

  • #20,161
  • Oct 23, 2014 8:12am Oct 23, 2014 8:12am
Trade #1 o/t day: NU to TP
(RmDn was still just about in green at the time of entry).

flx69
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB
  • #20,162
  • Oct 23, 2014 8:12am Oct 23, 2014 8:12am
Second Winner on UC for another +5 pips and 2% for the day. Until tomorrow at London Open.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadc-h1.png Size: 70 KB
Observation is the path to discovery.
  • #20,163
  • Oct 23, 2014 8:26am Oct 23, 2014 8:26am
Quoting Alorente
Second Winner on UC for another +5 pips and 2% for the day. Until tomorrow at London Open. {image}
There's no UCAD in ur Top 8 indi , right corner of ur chart ..........??
  • #20,164
  • Oct 23, 2014 8:27am Oct 23, 2014 8:27am
Quoting budim2006
{quote} 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'...
Yes. I am following all of Udines rules, with the only addition of my 50 SMA filter. If price is in a strong daily uptrend, only Buys. Strong daily downtrend, only Sells. The stronger the uptrend/downtrend the better. I expect this filter will improve the percentage of winners with UdineŽs system. WeŽll see... I use USDCAD because it is in a strong daily uptrend and it has a nice ADR. See picture.

You can use any timeframes and MAŽs with the Top8Trenders indi. I have just modified it with the settings I prefer, H4 and D1 and the 50 SMA of the Close. Attached is the newly modified indi. I normally only pick pairs from the D1 Column for scalping. The numbers are relative slope strengths of the SMA. The higher the number the steeper the slope. Enjoy !!
Attached Image
Attached File(s)
File Type: mq4 #top 8 trenders all brokers.mq4   7 KB | 974 downloads
Observation is the path to discovery.
  • #20,165
  • Oct 23, 2014 8:32am Oct 23, 2014 8:32am
Quoting Alorente
{quote} Yes. I am following all of Udines rules, with the only addition of my 50 SMA filter. If price is in a strong daily uptrend, only Buys. Strong daily downtrend, only Sells. The stronger the uptrend/downtrend the better. I expect this filter will improve the percentage of winners with UdineŽs system. WeŽll see... I use USDCAD because it is in a strong daily uptrend and it has a nice ADR. See picture. You can use any timeframes and MAŽs with the Top8Trenders indi. I have just modified it with the settings I prefer, H4 and D1 and the 50 SMA of...
True. USDCAD is not a top 8 trender today, but it is in a strong trend and I know the pair very well. Been trading it for years. It also has nice ADR and great volatility for scalping. I am also building a nice position for the Medium Term since I expect it to hit 1.20 in the next few months.
Observation is the path to discovery.
  • #20,166
  • Oct 23, 2014 8:40am Oct 23, 2014 8:40am
Quoting Alorente
{quote} Yes. I am following all of Udines rules, with the only addition of my 50 SMA filter. If price is in a strong daily uptrend, only Buys. Strong daily downtrend, only Sells. The stronger the uptrend/downtrend the better. I expect this filter will improve the percentage of winners with UdineŽs system. WeŽll see... I use USDCAD because it is in a strong daily uptrend and it has a nice ADR. See picture. You can use any timeframes and MAŽs with the Top8Trenders indi. I have just modified it with the settings I prefer, H4 and D1 and the 50 SMA of...
Thanks for ur kind explanation Mr. Alorente ........
  • #20,167
  • Oct 23, 2014 9:13am Oct 23, 2014 9:13am
Good luck everyone.......

Good trading and good night....

Time for rest

Masterrmind..........
Master your Mind then Master your Trades
  • #20,168
  • Oct 23, 2014 9:19am Oct 23, 2014 9:19am
Quoting Masterrmind
Good luck everyone....... Good trading and good night.... Time for rest Masterrmind..........

Night MM

Udine
Sleep less, live fast, as it aint gonna last
  • #20,169
  • Oct 23, 2014 9:21am Oct 23, 2014 9:21am
Quoting Udine
{quote} Night MM Udine
Good night Udine..........

Talk to you tomorrow ........

Masterrmind........
Master your Mind then Master your Trades
  • #20,170
  • Oct 23, 2014 9:39am Oct 23, 2014 9:39am
Quoting Masterrmind
Good luck everyone....... Good trading and good night.... Time for rest Masterrmind..........
Sweet dreams of green pips MM !

flx69
  • #20,171
  • Oct 23, 2014 9:39am Oct 23, 2014 9:39am
Today is a good day!
thanks udine for your system!
Attached Image
  • #20,172
  • Oct 23, 2014 10:10am Oct 23, 2014 10:10am
Quoting Clipi
Today is a good day! thanks udine for your system! {image}

well done !!!

you're welcome

Udine
Sleep less, live fast, as it aint gonna last
  • #20,173
  • Oct 23, 2014 10:26am Oct 23, 2014 10:26am
ok guys, girls,

i am out of here

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #20,174
  • Oct 23, 2014 10:39am Oct 23, 2014 10:39am
Quoting Alorente
Second Winner on UC for another +5 pips and 2% for the day. Until tomorrow at London Open. {image}
Just one more question Mr. A, about ur Top 8 trending indi.

The red ones pairs must be below 50SMA, ( GU, EU, NU, AU, NCad ) daily.
and the green ones must be above 50SMA. ( GN, UJ, UC ) daily.
So I dont have to draw 50SMA on all charts, just take a look at the indicator. Correct ..?

Btw, whats the use of 'Top 8-4 hour', if the 'Top 8- Daily' more significant ?
Thanks!
  • #20,175
  • Oct 23, 2014 11:07am Oct 23, 2014 11:07am
Quoting budim2006
{quote}

BTW what those numbers means ..? Sorry for my bad english... B {image}
Hello budim,

here are a screenshot for explanation concerning the numbers behind the pairs
Attached Image (click to enlarge)
Click to Enlarge Name: TOP 8 MA.png Size: 75 KB
  • #20,176
  • Oct 23, 2014 12:30pm Oct 23, 2014 12:30pm
My trades for the day.
I also took a third one which I got caught up in the USD news which was a mistake and a learned lesson.

http://prntscr.com/4yzh7i

http://prntscr.com/4yzio0

I'm not sure if it would be preferred if I were not to share my trades when just starting to confuse other people learning. Please let me know if this is the case. I would love to be critiqued though.

Thanks!
  • #20,177
  • Oct 23, 2014 1:14pm Oct 23, 2014 1:14pm
hi,
anyone can help me to say what means on chart distance 10>Rn ?
If we have to stop trading when price is above RgH or below RgL ?
If we have to wait close of candle 1h above or below Daily Open to go in the direction ? or just current bar from m15 ?
i show an example => http://gyazo.com/35a40430c72a708d86f4bdf37fad8048

I seen much times check good ADR in this thread, but what it means good in numbers ? and for why ?

big thx in advance

js
  • #20,178
  • Oct 23, 2014 1:18pm Oct 23, 2014 1:18pm
Quoting Clipi
Today is a good day! thanks udine for your system! {image}
What is risk per trade Clipi ?
  • #20,179
  • Oct 23, 2014 1:24pm Oct 23, 2014 1:24pm
Quoting budim2006
{quote} Just one more question Mr. A, about ur Top 8 trending indi. The red ones pairs must be below 50SMA, ( GU, EU, NU, AU, NCad ) daily. and the green ones must be above 50SMA. ( GN, UJ, UC ) daily. So I dont have to draw 50SMA on all charts, just take a look at the indicator. Correct ..? Btw, whats the use of 'Top 8-4 hour', if the 'Top 8- Daily' more significant ? Thanks!
Correct. The top green trending pairs are 95% of the time above the 50 SMA and the top Red are below the 50 SMA. I still like to look at the chart to make sure, but you donŽt have to.

The 4 hour is just a confirmation of a strong trend. If a pair is top 8 on Daily AND on 4 Hour, that is important confirmation. but my filter only considers the top 8 Daily. You can remove the 4 Hour if you prefer.
Observation is the path to discovery.
  • #20,180
  • Oct 23, 2014 1:31pm Oct 23, 2014 1:31pm
Quoting Meta1
{quote} Hello budim, here are a screenshot for explanation concerning the numbers behind the pairs {image}
Thanks Meta. I see you use TMA. The Extreme TMA system is still the core of my trading method, even though I have modified it in the last year quite a bit.
Observation is the path to discovery.
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