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As simple as possible: 00 level trading

  • #24,501
  • Dec 11, 2014 3:37am Dec 11, 2014 3:37am
Quoting honestknave
{quote} Perhaps something involving the first 4 letters of the alphabet? A nice ride down the other side today What's the deal with the cryptic messages? Harmonics considered OT for the thread? {image}

not part of the thread, besides its way too complicated for me

Udine
Sleep less, live fast, as it aint gonna last
  • #24,502
  • Dec 11, 2014 3:38am Dec 11, 2014 3:38am
Quoting Kubiasty
{quote} Ahh i see that was wrong entry..

make pictures of all your entries, so you can analyze afterwards you will learn a great deal from that..

Udine
Sleep less, live fast, as it aint gonna last
  • #24,503
  • Dec 11, 2014 3:39am Dec 11, 2014 3:39am
GJ to TP, done for the day..

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #24,504
  • Dec 11, 2014 3:40am Dec 11, 2014 3:40am
Suppose there was no RED news. Where should I enter in that case? Circle 1 or Circle 2 ?

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 69 KB
  • #24,505
  • Dec 11, 2014 3:40am Dec 11, 2014 3:40am
Quoting bubincka
GJ to TP, done for the day- Comment : at the exact same time there was also a very good setup for EJ @ 147.350 that went to TP like a rocket, but couldn't take both ! {image}

the EJ was a NO NO... Euro news in less than 40 minutes..

Udine
Sleep less, live fast, as it aint gonna last
  • #24,506
  • Dec 11, 2014 3:41am Dec 11, 2014 3:41am
Last trade for the day...

Trade #5 - USDJPY [+5 pips]

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15_11_12_14.png Size: 51 KB


Clear uptrend with previous bullish marubozu candle.

Heading to bed soon. Good luck to ALL!!!
  • #24,507
  • Dec 11, 2014 3:43am Dec 11, 2014 3:43am
Quoting Kubiasty
Suppose there was no RED news. Where should I enter in that case? Circle 1 or Circle 2 ? {image}
..



what candle gives the confirmation of all green lining up???

answer is none of those 2 circles..., you tell me which would be the correct entry

Udine
Sleep less, live fast, as it aint gonna last
  • #24,508
  • Dec 11, 2014 3:50am Dec 11, 2014 3:50am
Quoting Udine
GJ to TP, done for the day.. Udine {image}
hi Udine, but according to the rules, do not enter the first level time ??
  • #24,509
  • Dec 11, 2014 3:51am Dec 11, 2014 3:51am
Hey Guys, I've had a bit of a rough time and haven't been paying a lot of attention to the thread with business and some personal stuff. Any scripts yet for .50 entry 1% 5tp and 10 pip s/l?
Sorry to ask this again, doing it manually at this moment with no problems, just asking.
  • #24,510
  • Dec 11, 2014 3:51am Dec 11, 2014 3:51am
Quoting Udine
{quote} .. what candle gives the confirmation of all green lining up??? answer is none of those 2 circles..., you tell me which would be the correct entry Udine
I don't understand...
  • #24,511
  • Dec 11, 2014 4:00am Dec 11, 2014 4:00am
Quoting Kubiasty
{quote} I don't understand...

look at my chart and compare with yours...

where did all the indies line up green???
what was the next 00 level ??

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #24,512
  • Dec 11, 2014 4:02am Dec 11, 2014 4:02am
Quoting bluexpec
Hey Guys, I've had a bit of a rough time and haven't been paying a lot of attention to the thread with business and some personal stuff. Any scripts yet for .50 entry 1% 5tp and 10 pip s/l? Sorry to ask this again, doing it manually at this moment with no problems, just asking.

Hi Bluexpec,

sorry to hear..

i believe there were scripts posted, please check in the papreclip in the right hand corner..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #24,513
  • Dec 11, 2014 4:04am Dec 11, 2014 4:04am
EJ 2 trades SL.

Who can advise suitable for this strategy broker with low spreads and commission?
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 22.jpg Size: 1.1 MB
  • #24,514
  • Dec 11, 2014 4:07am Dec 11, 2014 4:07am
Quoting Udine
{quote} look at my chart and compare with yours... where did all the indies line up green??? what was the next 00 level ?? Udine {image}
So answer is 147.350 and 147.400 levels ?

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 64 KB


Second question:

You try to open only candle before like this or not?
Attached Image
  • #24,515
  • Dec 11, 2014 4:20am Dec 11, 2014 4:20am
Quoting Kubiasty
{quote} So answer is 147.350 and 147.400 levels ? {image} Second question: You try to open only candle before like this or not? {image}

correct answer, now go over your old trades and check them one by one..

2. not really, but I do check what kind of candle it is.., but start with the basics..

Udine
Sleep less, live fast, as it aint gonna last
  • #24,516
  • Dec 11, 2014 4:24am Dec 11, 2014 4:24am
GU +5
Reject from S1, some bearish momentum in the candle before
Attached Image (click to enlarge)
Click to Enlarge Name: Schermata 2014-12-11 alle 11.20.45.png Size: 44 KB
  • #24,517
  • Dec 11, 2014 4:25am Dec 11, 2014 4:25am
Quoting Udine
{quote} I have my hands on the buttons ALWAYS 5 seconds before the candle close.. I have a candle close alarm set @ 1 minute, so I know when I have to check the charts for set ups.. Udine
So you open manually now trades or pending orders just like the 1. page rules says?
  • #24,518
  • Dec 11, 2014 4:27am Dec 11, 2014 4:27am
Quoting Kubiasty
Suppose there was no RED news. Where should I enter in that case? Circle 1 or Circle 2 ? {image}
After new candle open first level. if short down if long up.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 70 KB
  • #24,519
  • Dec 11, 2014 4:34am Dec 11, 2014 4:34am
Quoting Udine
{quote} not part of the thread, besides its way too complicated for me Udine
Raises an interesting point... my understanding (and consequent application) of this method is that not every entry meeting the rules is taken. Discretion is required, assessing PA, momentum, fibs, S/D etc to separate the high probability trades from the weak setups. Otherwise an EA could be knocked up in a few hours.
No?
  • #24,520
  • Dec 11, 2014 4:34am Dec 11, 2014 4:34am
Quoting honestknave
{quote} Perhaps something involving the first 4 letters of the alphabet? A nice ride down the other side today What's the deal with the cryptic messages? Harmonics considered OT for the thread? {image}
The easiest way to answer your question is mainly because this thread run by Udine is to keep things as simple as possible hence the title.

So although it's nice to introduce other time proven techniques it might not be the best idea for those traders who want to apply the basics of this method in the first instance as it can confuse and that's not what any one wants.

It is very obvious that some traders struggle and that is understandable as most of us have been there at some stage in the past.

I guess some of us who have been apart of this thread (and contributing) find it interesting to talk about other trading ideas as possible adaptations but never at the expense of causing confusion to "newer" traders.

Hence the implied subtlety.

If Udine thinks something is not what it should be then he will act!

Many times i have been asked to give hints to my trading methodologies as too have many others here so most is not hidden but on the other hand I think spoon feeding is not all that productive because a trader needs to think, understand and apply the techniques for him/herself.

Note: Harmonics goes far beyond the basics of the simple AB=CD patterns........ :nerd:

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
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