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As simple as possible: 00 level trading

  • #22,261
  • Nov 21, 2014 3:06am Nov 21, 2014 3:06am
Udine

is 50 level ok to enter too?

Saw your trades and frequently saw you entered at 50 levels
  • #22,262
  • Nov 21, 2014 3:06am Nov 21, 2014 3:06am
Here is why the EUR plummeted.........

"Mario Draghi, President of the European Central Bank, today opened the Frankfurt European Banking Congress, with an analysis of the economic situation facing the euro area and of the ECB’s monetary policy response. The economic situation in the euro area remains difficult and confidence in the overall economic prospects is fragile and easily disrupted, feeding into low investment, Mr Draghi said. In this context, the inflation situation in the euro area has also become increasingly challenging. The ECB President emphasised the risk that a too prolonged period of low inflation becomes embedded in inflation expectations"
[Source: via FF news]

Masterrmind.........
Master your Mind then Master your Trades
  • #22,263
  • Nov 21, 2014 3:07am Nov 21, 2014 3:07am
Quoting Qed
oh dear oh dear ..... SEARCH
QED, i did search before asking but the only ones i could find only do the 00 level for the 1H rules not the 50 leves for the 15M
rules
  • #22,264
  • Nov 21, 2014 3:12am Nov 21, 2014 3:12am
Quoting Qed
would you believe im too busy eating BBQ lamb chops chips,eggs and .... well coupla reds ... ah well there will be more for the taking SOON woops ps/s on gold got filled at 1192
I'll be off doing that tomorrow.....got a nice invite to a BBQ with the works!

Can't wait!

Masterrmind..........
Master your Mind then Master your Trades
  • #22,265
  • Nov 21, 2014 3:13am Nov 21, 2014 3:13am
Quoting jlee425
Udine is 50 level ok to enter too? Saw your trades and frequently saw you entered at 50 levels

that is a second strategy mentioned in the thread..

you need to do the work (read the thread) to find it

Udine
Sleep less, live fast, as it aint gonna last
  • #22,266
  • Nov 21, 2014 3:14am Nov 21, 2014 3:14am
i think to take GBP/JPY if the price go under 140.40

Edit .. it took TP very fastly but i dont' use the EA for trailing
  • #22,267
  • Nov 21, 2014 3:19am Nov 21, 2014 3:19am
Quoting LvCa
i think to take GBP/JPY if the price go under 140.40

get your data clear...

GBPJPY is @ 184.37

enter when signals are triggered.. not when you feel like it..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,268
  • Nov 21, 2014 3:19am Nov 21, 2014 3:19am
Quoting nobby911
Hi does any one have the order scripts UdinesGlobalInstantBUYStop that can place the 00 and 50 levels
Yes, only Udine.

Seriously, use those available and drag to 50 level and release. :nerd:
  • #22,269
  • Nov 21, 2014 3:21am Nov 21, 2014 3:21am
Today I entered 2 trades at Frankfurt open and 3 at London open but only 1 win and 4 losses

Could anyone point out what I did wrong? I believe I followed all the rules.

1. GBPJPY - Entered short at 148.600 at Frankfurt open according to the .400/.500/.600 rule.

2. EURUSD - Entered short at 1.25500 at Frankfurt open and at the time the daily candle was up.

3. GBPUSD - Entered short at 1.56600 at London open. After 30 min from red news.

4. GBPUSD - On a new hourly candle after 3., I entered short at 1.56400.
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  • #22,270
  • Nov 21, 2014 3:22am Nov 21, 2014 3:22am
usdjpy TP +6.3
gbpjpy TP +5.7

Now I am thinking a little and don´t put the orders at the first.
Thanks to Udine, MM, and all the people Let me help selflessly.
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  • #22,271
  • Nov 21, 2014 3:24am Nov 21, 2014 3:24am
Quoting Udine
{quote} get your data clear... GBPJPY is @ 184.37 enter when signals are triggered.. not when you feel like it.. Udine
sorry it was 184.40 .. i wrong to write ths number
For the data clear ..i thouth that it was a clear signal ( i can' ' post my chart becouse paint have some problem .. now i ty to adjust this program )
Best regards
  • #22,272
  • Nov 21, 2014 3:25am Nov 21, 2014 3:25am
Hi everyone,

I was wondering what your ROI per win is.

Here's a screenshot of my results today. 2.59% / 3 trades = 0.863% ROI per win.

Attached Image
  • #22,273
  • Nov 21, 2014 3:30am Nov 21, 2014 3:30am
CJ +5
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  • #22,274
  • Nov 21, 2014 3:35am Nov 21, 2014 3:35am
Quoting frietzak
Hi everyone, I was wondering what your ROI per win is. Here's a screenshot of my results today. 2.59% / 3 trades = 0.863% ROI per win. {image}
Your return is looking really good!

Well done!

Masterrmind..........
Master your Mind then Master your Trades
  • #22,275
  • Nov 21, 2014 3:37am Nov 21, 2014 3:37am
Quoting LvCa
{quote} sorry it was 184.40 .. i wrong to write ths number For the data clear ..i thouth that it was a clear signal ( i can' ' post my chart becouse paint have some problem .. now i ty to adjust this program ) Best regards
...
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  • #22,276
  • Nov 21, 2014 3:40am Nov 21, 2014 3:40am
NOW I know burpees are due for not sticking to the fab4 ... but I love gold and I love UDINES METHOD .. NO sweet spots ... I know where they are ... when I set pending order .... only use Ts stop once im over my target ...
Attached Image
Whats That? you're trading What?
  • #22,277
  • Nov 21, 2014 3:48am Nov 21, 2014 3:48am
Quoting jlee425
Today I entered 2 trades at Frankfurt open and 3 at London open but only 1 win and 4 losses Could anyone point out what I did wrong? I believe I followed all the rules. 1. GBPJPY - Entered short at 148.600 at Frankfurt open according to the .400/.500/.600 rule. 2. EURUSD - Entered short at 1.25500 at Frankfurt open and at the time the daily candle was up. 3. GBPUSD - Entered short at 1.56600 at London open. After 30 min from red news. 4. GBPUSD - On a new hourly candle after 3., I entered short at 1.56400. {image} {image} {image}

1. when you start you simply must not trade Frankfurt
2. you think that entering trades when the most imporant man in Europe is going to speak, or just has spoken your entering in a low risk trade ????

Udine
Sleep less, live fast, as it aint gonna last
  • #22,278
  • Nov 21, 2014 3:48am Nov 21, 2014 3:48am
Quoting Qed
NOW I know burpees are due for not sticking to the fab4 ... but I love gold and I love UDINES METHOD .. NO sweet spots ... I know where they are ... when I set pending order .... only use Ts stop once im over my target ... {image}
Good spot to cash out....just before it decided to reverse.

Nice trade!

Masterrmind..........
Master your Mind then Master your Trades
  • #22,279
  • Nov 21, 2014 3:52am Nov 21, 2014 3:52am
Quoting Udine
{quote} 1. when you start you simply must not trade Frankfurt 2. you think that entering trades when the most imporant man in Europe is going to speak, or just has spoken your entering in a low risk trade ???? Udine
When Draghi talks you had better be listening!

Or your trading account might get toasted (emptied out)

Masterrmind......... :nerd:
Master your Mind then Master your Trades
  • #22,280
  • Nov 21, 2014 3:56am Nov 21, 2014 3:56am
Quoting Udine
{quote} 1. when you start you simply must not trade Frankfurt 2. you think that entering trades when the most imporant man in Europe is going to speak, or just has spoken your entering in a low risk trade ???? Udine
3. Frankfurt open only .400/.500/.600 levels
7. No trading 1 hour before RED NEWS on the pair
8. No trading less than 30 minutes after RED NEWS in the pair

I followed these rules.

I traded EURUSD more than 1 hour before red news.

I traded after 30 min after red news.

So is rule #3 not for newbies?
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