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As simple as possible: 00 level trading

  • #23,301
  • Nov 28, 2014 9:37am Nov 28, 2014 9:37am
Quoting Masterrmind
Trade #14 [Bonus trade #12] EURJPY +5 TP {image} Comment: When the hourly open is that close to the level I take the initiative! Masterrmind.............
wow, this is a scratch!
Porta itineris dicitur longissima esse
  • #23,302
  • Nov 28, 2014 9:38am Nov 28, 2014 9:38am
Quoting Masterrmind
Trade #14 [Bonus trade #12] EURJPY +5 TP {image} Comment: When the hourly open is that close to the level I take the initiative! Masterrmind.............
Did you take this trade because also of the fact that EUR/USD approached the DO level at that time?
  • #23,303
  • Nov 28, 2014 9:38am Nov 28, 2014 9:38am
I´m out guys.

I wish all a nice and relaxed weekend and we will see us on Monday (maybe Tokio open)!

Stay green!

Greetz Michael
  • #23,304
  • Nov 28, 2014 9:50am Nov 28, 2014 9:50am
hey udine,

I saw in the description of the word doc on the 1st page, that you traded mean renko bars. How did you traded them since I am using them very much. And could you please post your acutal template?

BTW superb thread!
  • #23,305
  • Nov 28, 2014 9:51am Nov 28, 2014 9:51am
Quoting piphunt3r
{quote} Did you take this trade because also of the fact that EUR/USD approached the DO level at that time?
More importantly the reaction at that time........

Good work!

Masterrmind...........
Master your Mind then Master your Trades
  • #23,306
  • Nov 28, 2014 10:07am Nov 28, 2014 10:07am
Looks like plenty more trades available but its time for me to rest.

Great week!

See you all next week.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #23,307
  • Nov 28, 2014 10:51am Nov 28, 2014 10:51am
Quoting Masterrmind
Trade #14 [Bonus trade #12] EURJPY +5 TP {image} Comment: When the hourly open is that close to the level I take the initiative! Masterrmind.............
Nice MM

Nice example of DR2 turning into Support.

I'm out guys, enjoy your weekend and speak on Monday.

flx69
  • #23,308
  • Nov 28, 2014 10:57am Nov 28, 2014 10:57am
Hello everyone, it's a few weeks ago that I'm testing the system but I have some question for you to take off my doubts.
The new rules for M15 is not mentioned more H1 and D1 ... but ASH and HA.

First, I wanted to know precisely if you always keep an eye on h1 and h4 and if the second thing to keep in ASH is normal or MTF.
I for now I put MTF_ASH, ASH and HA together.

Also I wanted to also ask if the first level time to enter is valid for you the strategy or the first in general even if invalid, so if you do not trade (question from newbie .... sorry)

I also noticed that many times I can not put the pending order in time, often triggered immediately. I think it will take some time before you apply myself to the best, but if you have any advice I would be happy.

Finally, thank you all and Udine for this trading system truly effective.

P.S.
I hope forgive me for my English translator and my many questions, unfortunately, not knowing the language limits me enough and even going back to re-read the post in 1000 and more maybe not would solve my doubts.

Gio10
  • #23,309
  • Nov 28, 2014 3:44pm Nov 28, 2014 3:44pm
Edit
Hy...is it possibile to have a link for a kind of little guide to wukar_wb trail expert? I ve a little problem with tp setting and with meaning of multipler ....
How i have to set it for have hide tp at 8?
Thanks for any suggestion
Regards
Edit sorry foud link at 1 post
  • #23,310
  • Nov 28, 2014 4:53pm Nov 28, 2014 4:53pm
Quoting flx69
{quote} Nice MM Nice example of DR2 turning into Support. I'm out guys, enjoy your weekend and speak on Monday. flx69
Hi flx69,

Its great to see you around again although you were always here anyway!

See you next week for sure.

Masterrmind............
Master your Mind then Master your Trades
  • #23,311
  • Nov 29, 2014 3:27am Nov 29, 2014 3:27am
Quoting Masterrmind
{quote} I analyse every chart based on its merits..... period! Some traders prefer to trade only those pairs which are related to the trading session (works pretty good most of the time...but not always!) The psy levels is a simple alert to quickly guide me to multiple pairs in sync (but always will be confirmed by the charts in question) Since I have no idea as to your trading ability then I would suggest for a "new trader" to trade just a couple of pairs and learn to get very very familiar with them. The obvious way to trade is as follows: 1....
What exactly do you mean with "6....but be careful with CAD pairs?"

never traded CAD pairs so far. I guess it has something to do with oil? Because Canada is a major oil exporter.
  • #23,312
  • Nov 29, 2014 4:34am Nov 29, 2014 4:34am
Quoting Masterrmind
{quote} If your TP is set > 5 pips sometimes it is worthwhile to babysit the trade as it approaches TP level and simply close it out near to 5 pips if you feel price is hesitating. Unfortunately this is not always as easy as it is to say it. One time you close it and it then smashes through your TP. The next time you leave it alone and it retraces on you and heads towards SL. Nothing is simple in this business. I use a TP = 5pips on the Udine pending scripts but 6pips on the WUKAR trailing EA (sometimes 5 pips) Sometimes I think it's just as easy...
Exactly, the momentum might last, or it might not. Taking profit is the hardest part of this business.
  • #23,313
  • Nov 29, 2014 4:36am Nov 29, 2014 4:36am
In my experience CAD anything is very hard to predict ... I stay right away from CAD anything ....
Whats That? you're trading What?
  • #23,314
  • Nov 29, 2014 5:45am Nov 29, 2014 5:45am
Quoting piphunt3r
{quote} What exactly do you mean with "6....but be careful with CAD pairs?" never traded CAD pairs so far. I guess it has something to do with oil? Because Canada is a major oil exporter.
EURCAD, GBPCAD, NZDCAD, ... can be extremely volatile and difficult to read pairs.
Add the higher than average (higher than for the core pairs) spread and you have the perfect ingredients for having losing trades, especially if you are trading .50 levels...
CADJPY and USDCAD tend to have a bit lower volatility.

My advice: stay away from these altogether until you have a lot of experience.

flx69
  • #23,315
  • Nov 29, 2014 6:13am Nov 29, 2014 6:13am
Quoting piphunt3r
{quote} What exactly do you mean with "6....but be careful with CAD pairs?" never traded CAD pairs so far. I guess it has something to do with oil? Because Canada is a major oil exporter.
The traders comments above do a great job of summing up the main reasons.

Best way to get a good idea is to go and open up several CAD pairs and then scroll back through the history and observe how the pair behaved back through time.

Then you might like to take "hindsight" trades and see how your trades would have turned out.

I hope you do this because you will start to see how the CAD pairs react.

Masterrmind.............
Master your Mind then Master your Trades
  • #23,316
  • Nov 29, 2014 6:53am Nov 29, 2014 6:53am
Been looking (intently) over a whole lot of ur trades MM... I have noticed 1 thing that is 100% constant ... not 1 variation... and you certainly have a penchant for hammers and pin bars
Whats That? you're trading What?
  • #23,317
  • Edited 7:18am Nov 29, 2014 7:01am | Edited 7:18am
Thank you Qed,flx69 and Masterrmind for the hints.

Tokio session they are relatively quiet but in the European/US session they are getting really crazy.

In the process of scanning trough the different currencies and how they behave i see that USD/CHF for example also doesn't look appealing to trade for me.
  • #23,318
  • Nov 29, 2014 8:15am Nov 29, 2014 8:15am
Quoting Qed
Been looking (intently) over a whole lot of ur trades MM... I have noticed 1 thing that is 100% constant ... not 1 variation... and you certainly have a penchant for hammers and pin bars
Get onto it Qed............. I post the charts not to show I can trade...... rather to help others find reasons why I took the trade in the first place.

Chart analysis if done correctly is what leads you in the right direction (most of the time anyway)

I hope they are useful to you and other traders here

I'm pleased to see you picking up on it!

Masterrmind.............
Master your Mind then Master your Trades
  • #23,319
  • Nov 29, 2014 8:47am Nov 29, 2014 8:47am
Quoting Masterrmind
{quote} I post the charts not to show I can trade...... rather to help others find reasons why I took the trade in the first place.
Noblesse oblige Masterrmind

flx69
  • #23,320
  • Nov 30, 2014 12:33am Nov 30, 2014 12:33am
Quoting Qed
Been looking (intently) over a whole lot of ur trades MM... I have noticed 1 thing that is 100% constant ... not 1 variation... and you certainly have a penchant for hammers and pin bars
Gidday Q and MM, between watching the golf this afternoon I decided to go over all of MM's trades to see what makes MM tick. We came to the same conclusion Q. A Penchant indeed!
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