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As simple as possible: 00 level trading

  • #21,261
  • Nov 12, 2014 4:20pm Nov 12, 2014 4:20pm
Hi everyone,

Interesting day for me yesterday, went the long way about it but ended up +1% or so on the day which puts me 3% up for the week. I can defiantly see my trading improving and my selection is getting better, but I have a long way to go.

Next goal is to hit 2% a day.

Thanks again Udine, MM, snail and QED
  • #21,262
  • Nov 12, 2014 9:50pm Nov 12, 2014 9:50pm
trade #1 +5
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  • #21,263
  • Nov 12, 2014 10:10pm Nov 12, 2014 10:10pm
trade #2 +5 my 2% a day is achieved,
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  • #21,264
  • Nov 13, 2014 12:57am Nov 13, 2014 12:57am
Quoting jmag4
Can someone explain where I went wrong here? http://prntscr.com/55oiff http://prntscr.com/55oj1i Seems to go with both the 15m and the 1hr rules, I don't know where I went wrong And Also how to post screenshots so they show in the thread

cannot see the whole screen (Ash missing)

Udine
Sleep less, live fast, as it aint gonna last
  • #21,265
  • Nov 13, 2014 1:05am Nov 13, 2014 1:05am
Quoting justomonla
trade #2 +5 my 2% a day is achieved,{image}

well done

Udine
Sleep less, live fast, as it aint gonna last
  • #21,266
  • Nov 13, 2014 1:42am Nov 13, 2014 1:42am
First one of the day in the pocket

EJ to TP

Udine
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Sleep less, live fast, as it aint gonna last
  • #21,267
  • Nov 13, 2014 1:49am Nov 13, 2014 1:49am
First one of the day in the pocket

EU to TP
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Pivot Boss in the making~
  • #21,268
  • Nov 13, 2014 1:54am Nov 13, 2014 1:54am
Quoting jurn_e
First one of the day in the pocket EU to TP {image}

nice one, but if you put a pivot indi on the chart you will see that at your entry was the daily pivot

Udine
Sleep less, live fast, as it aint gonna last
  • #21,269
  • Nov 13, 2014 1:57am Nov 13, 2014 1:57am
bonus trade #3 +5
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  • #21,270
  • Nov 13, 2014 2:02am Nov 13, 2014 2:02am
GU out @ BE

Udine
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Sleep less, live fast, as it aint gonna last
  • #21,271
  • Nov 13, 2014 2:05am Nov 13, 2014 2:05am
EJ to TS. Took the trade next M15 bar with respect to Udine's trade, but according to the rules i think.

Just two quick questions:

- "no trade if pivot between entry & tp" refers to D1 or M15 pivot for the pair ?
- "wait for retrace before re-entry" means that for a retrace to be valid ASH and/or HA must change color ?

Thank you Udine.
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Porta itineris dicitur longissima esse
  • #21,272
  • Nov 13, 2014 2:06am Nov 13, 2014 2:06am
Good morning everyone,
GU to TS +4p
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  • #21,273
  • Nov 13, 2014 2:12am Nov 13, 2014 2:12am
Buenos días familia,

Trade #1 o/t day: AUDCAD to TP.

flx69
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  • #21,274
  • Nov 13, 2014 2:13am Nov 13, 2014 2:13am
Quoting bubincka
EJ to TS. Took the trade next M15 bar with respect to Udine's trade, but according to the rules i think. Just two quick questions: - "no trade if pivot between entry & tp" refers to D1 or M15 pivot for the pair ? - "wait for retrace before re-entry" means that for a retrace to be valid ASH and/or HA must change color ? Thank you Udine. {image}

your entry should have been one candle earlier !!

1. on the M15.. thats where your trading..
2. correct.. must have been a color change... that is what was written..

Udine
Sleep less, live fast, as it aint gonna last
  • #21,275
  • Nov 13, 2014 2:21am Nov 13, 2014 2:21am
Quoting Udine
GU out @ BE Udine {image}
Took the same trade. I'm experimenting with market orders directly after the candle close. Thats why i got +5 here.

Both entries have their pros and cons.Extensive tests will tell if it is a worthwile alternative.

Anyway the main thing is to get the 2 trades per day.

WUKAR day after day is the real holy grail :-)

hank you Udine for your efforts!
  • #21,276
  • Nov 13, 2014 2:26am Nov 13, 2014 2:26am
Quoting Udine
{quote} your entry should have been one candle earlier !! 1. on the M15.. thats where your trading.. 2. correct.. must have been a color change... that is what was written.. Udine
Hi Udine, I turned on my pc late, so the candle I entered was the first one for me. But to be sure to have understood:
Previous candle signal was better quality, but is my entry correct having taken the first 50/00 level of the new candle with HA & ASH still green ?
Porta itineris dicitur longissima esse
  • #21,277
  • Nov 13, 2014 2:29am Nov 13, 2014 2:29am
Quoting bubincka
{quote} Hi Udine, I turned on my pc late, so the candle I entered was the first one for me. But to be sure to have understood: Previous candle signal was better quality, but is my entry correct having taken the first 50/00 level of the new candle with HA & ASH still green ?

no your entry was not correct....

when you miss the correct entry, you NEVER EVER ENTER the trade (never ever chase a trade) and you wait for the next set up !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #21,278
  • Nov 13, 2014 2:37am Nov 13, 2014 2:37am
Good mornig, is correct this trade ?

Attached Image (click to enlarge)
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  • #21,279
  • Nov 13, 2014 2:41am Nov 13, 2014 2:41am
Quoting Udine
{quote} no your entry was not correct.... when you miss the correct entry, you NEVER EVER ENTER the trade (never ever chase a trade) and you wait for the next set up !!! Udine
Hi Udine not to argue, only to understand: it should be important to know what was wrong with my entry with respect to new M15 strategy's rules.
Price > DO --> OK
ASH && HA clse green --> OK
Signal: ENTRY on first 50/00 level --> OK

I attach again a screnshot, so that you can tell me what was the violation of the new M15 rules. Thank you.
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
  • #21,280
  • Nov 13, 2014 2:47am Nov 13, 2014 2:47am
Quoting Udine
{quote} no your entry was not correct.... when you miss the correct entry, you NEVER EVER ENTER the trade (never ever chase a trade) and you wait for the next set up !!! Udine
bubincka, I'd like to add that when we enter after retracement (candle turns red and then turns green again) we trade momentum. If you enter one candle later it means that momentum most probably has gone. If such a late trade turns positive it's due to other factors, for example a sharp short-term trend. So you have to decide what exactly would you like to trade - a retracement or an established sharp trend. In Udine's setup we trade moves after retracement as they are low-risk. As the same time there are several examples every day of a price going into one direction without substantial retracement, with indicators green-green-green for tens or hundred pips without changing to red, but it's more risky - it's hard to recognize a development of such a sharp trend.
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