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As simple as possible: 00 level trading

  • #23,841
  • Dec 4, 2014 1:11am Dec 4, 2014 1:11am
AU to TP

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PU
  • #23,842
  • Dec 4, 2014 1:16am Dec 4, 2014 1:16am
this is my first trade on this system and hit tp

tell me this trade is right or not ?
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  • #23,843
  • Dec 4, 2014 1:16am Dec 4, 2014 1:16am
Quoting Kubiasty
What was wrong now here ???? {image}
please be kind enough to share your mtf absolute strength indicator
  • #23,844
  • Dec 4, 2014 1:30am Dec 4, 2014 1:30am
Quoting justomonla
{quote} please be kind enough to share your mtf absolute strength indicator

paperclip upper right corner..

Udine
Sleep less, live fast, as it aint gonna last
  • #23,845
  • Dec 4, 2014 1:31am Dec 4, 2014 1:31am
Quoting pullup
AU to TP {image} PU
Good one Pullup. For +5, enough room. Had it in thought but cancelled as would prefer more room. Keep them coming !

Note: those SL, TP levels are just for broker... Wukar has its own settings. :nerd:

Edit: As market is always morphing into a different shape constantly it just might go right down still. Always trading in tune with MTF ASH !!!
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  • #23,846
  • Dec 4, 2014 1:31am Dec 4, 2014 1:31am
GU to TP
Would have hit TP earlier but I have TP set to 5.5, think I will go back to 5.
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PU
  • #23,847
  • Dec 4, 2014 1:33am Dec 4, 2014 1:33am
Quoting snail69
{quote} Good one Pullup. For +5, enough room. Had it in thought but cancelled as would prefer more room. Keep them coming ! Note: those SL, TP levels are just for broker... Wukar has its own settings. :nerd: {image}
TY Snail
  • #23,848
  • Dec 4, 2014 1:37am Dec 4, 2014 1:37am
Quoting snail69
{quote} Good one Pullup. For +5, enough room. Had it in thought but cancelled as would prefer more room. Keep them coming ! Note: those SL, TP levels are just for broker... Wukar has its own settings. :nerd: {image}
Had a closer look at the chart you posted, I might have been a bit more trigger shy if I was thinking about that pattern, more study required

TY
PU
  • #23,849
  • Dec 4, 2014 1:41am Dec 4, 2014 1:41am
Quoting snail69
{quote} Good one Pullup. For +5, enough room. Had it in thought but cancelled as would prefer more room. Keep them coming ! Note: those SL, TP levels are just for broker... Wukar has its own settings. :nerd: Edit: As market is always morphing into a different shape constantly it just might go right down still. Always trading in tune with MTF ASH !!! {image}
You mean a possible bearish Gartley pattern?
  • #23,850
  • Dec 4, 2014 1:48am Dec 4, 2014 1:48am
Buenos días familia,

First trade o/t day: CADJPY to TP.

flx69
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  • #23,851
  • Dec 4, 2014 1:49am Dec 4, 2014 1:49am
Quoting Kubiasty
I have to say that this system is random like all strategies and technics... 2 profit position + 5 pips + 5 pips , and 1 loose position -10 pips = 0. What was wrong here, can anyone say to me ??? {image} Everything says SELL just like the rules says....
Same for me... i'm trying to follow all rules but no way to win....
Confused.... and often answer for bad trading are quite strange in a sense that who answer find other reasons (out fo rules) to justify fault trade....
So i think that everybody wins here is because it's a really good discretional trader......
I will try again and again and i'm grateful to all for sharing this way of trading bu i think it's not so simple and profitable just following rules...
Stay all green
Kind regards
  • #23,852
  • Dec 4, 2014 1:59am Dec 4, 2014 1:59am
I take it that when viewing in 1H time frame then the M Candles indicator is removed, (or adjusted for a higher TF)?
  • #23,853
  • Dec 4, 2014 2:02am Dec 4, 2014 2:02am
GM all,

had to slow fingers for the GJ Trade, have to warm-up !



Greetz Michael
  • #23,854
  • Dec 4, 2014 2:05am Dec 4, 2014 2:05am
Quoting cescof
{quote} Same for me... i'm trying to follow all rules but no way to win.... Confused.... and often answer for bad trading are quite strange in a sense that who answer find other reasons (out fo rules) to justify fault trade.... So i think that everybody wins here is because it's a really good discretional trader...... I will try again and again and i'm grateful to all for sharing this way of trading bu i think it's not so simple and profitable just following rules... Stay all green Kind regards
Yes, as I stated earlier, it takes more than just a few simple rules to win consistently with this system. Thats, experience, screen time, a good sense of market.

But...people like Kubiasty who whine about the system just after 3 trades, just aint gonna cut it in trading. Pls understand probability and random distribution 1st.
  • #23,855
  • Dec 4, 2014 2:06am Dec 4, 2014 2:06am
Quoting mwsteiner
GM all, had to slow fingers for the GJ Trade, have to warm-up ! Greetz Michael
Nothing lost Michael.

I had my finger on the trigger, but didnīt pull for 2 reasons:

1. spread of 1.8 (!)
2. GBP is a bit at a high, did you put H4 and zoom out ?

flx69
  • #23,856
  • Dec 4, 2014 2:08am Dec 4, 2014 2:08am
Quoting mwsteiner
GM all, had to slow fingers for the GJ Trade, have to warm-up ! Greetz Michael
GM

are you referring to this trade?
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  • #23,857
  • Dec 4, 2014 2:20am Dec 4, 2014 2:20am
Quoting cescof
{quote} Same for me... i'm trying to follow all rules but no way to win.... Confused.... and often answer for bad trading are quite strange in a sense that who answer find other reasons (out fo rules) to justify fault trade.... So i think that everybody wins here is because it's a really good discretional trader...... I will try again and again and i'm grateful to all for sharing this way of trading bu i think it's not so simple and profitable just following rules... Stay all green Kind regards
OK, newbies, hope Udine will understand. He stated, his rules are guidelines, not mantra !!!

One needs to understand price behaviour and in our case also candlestick formations.

I provide here 2 links for threads on FF, all free, which helped me on my way very much.

So, for price behaviour:
http://www.forexfactory.com/showthre...&goto=lastpost

For candlestisks and their formations:
http://www.forexfactory.com/showthre...&goto=lastpost

And stop crying, only you, yourself can at the end help self.
  • #23,858
  • Dec 4, 2014 2:21am Dec 4, 2014 2:21am
Quoting Kubiasty
I have to say that this system is random like all strategies and technics... 2 profit position + 5 pips + 5 pips , and 1 loose position -10 pips = 0. What was wrong here, can anyone say to me ??? {image} Everything says SELL just like the rules says....

First of all, if you really want to learn the system start to only look at EU, GU, EJ and GJ...

Remove those 5EMA candles & the nihilist ultratrend indi from your chart as they are not part of the system.

you need to learn PDF & BCC, at the moment you have none of those..

just out of curiosity, did you also enter the previous hour???, that would have been a winner I think, but did not see you post about that..

Udine
Sleep less, live fast, as it aint gonna last
  • #23,859
  • Dec 4, 2014 2:21am Dec 4, 2014 2:21am
Quoting GoForPip
{quote} GM are you referring to this trade? {image}
but as FLX said we are on the top

Greetz Michael
  • #23,860
  • Dec 4, 2014 2:30am Dec 4, 2014 2:30am
Trade #1 EU to TP

Greetz Michael
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