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As simple as possible: 00 level trading

  • #25,501
  • Jan 8, 2015 8:53am Jan 8, 2015 8:53am
Quoting Emmpoli
{quote} Hi Jibalapasan, you have said this same thing once somewhere in this thread. please can you expanciate more on this, a chart example will be most preferable. thanks
Have a closer look on this chart and tell me which pair you would prefer to trade at that moment.

http://www.bilderhoster.net/kkf2jr4z.png.html

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,502
  • Jan 8, 2015 9:02am Jan 8, 2015 9:02am
Quoting JibalaPasan
{quote} Have a closer look on this chart and tell me which pair you would prefer to trade at that moment. http://www.bilderhoster.net/kkf2jr4z.png.html Jibala
USDCAD and NZDUSD reason being USD shows more strength.
  • #25,503
  • Jan 8, 2015 9:14am Jan 8, 2015 9:14am
Quoting Emmpoli
{quote} USDCAD and NZDUSD reason being USD shows more strength.
There was 1 pair to chose only (very clear even), NZDUSD short! Strong USD against a weak NZD. Some other pairs pending e.g. AUDUSD, GBPUSD, NZDCHF all short and EURNZD long.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #25,504
  • Jan 8, 2015 9:14am Jan 8, 2015 9:14am
UJ ts
GU +5
EC ts

Look for a setup in the next hour or stop to trading... very close to daily target...
Attached Image(s) (click to enlarge)
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  • #25,505
  • Jan 8, 2015 9:25am Jan 8, 2015 9:25am
Attached Image (click to enlarge)
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  • #25,506
  • Jan 8, 2015 10:39am Jan 8, 2015 10:39am
Ej and GJ TP Inputs a bit risky but profitable. Without burpees today
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURJPYM15 TP 08-01-2015.png Size: 41 KB
Click to Enlarge Name: GBPJPYM15 TP 08-01-2015.png Size: 43 KB
  • #25,507
  • Jan 8, 2015 10:45am Jan 8, 2015 10:45am
noone took the short on GU at 1.5080 end in a loss?
  • #25,508
  • Jan 8, 2015 11:12am Jan 8, 2015 11:12am
Quoting fakeylover
noone took the short on GU at 1.5080 end in a loss?
I may be wrong, but I think the ASH was green?
  • #25,509
  • Edited 11:58am Jan 8, 2015 11:34am | Edited 11:58am
i would share with you all my loosing trades of this week.. in order to discuss with you and try to avoid them in the future...
Are just 4... but have a strong weight on my balance...
Any opinion is welcome... i think this could be a great discussion much more than post the winning one

My number for this week are:
9 profit for a total of 45 pips
7 Trailing stop
4 Loss for a total of 40 pips
That result in less of 5 pips due to commission of ts...
Other things that i observe is to consider the LO open for the EU session and the NY open for the US session... in order to trade with the market in that moment... often happen that the ASIA sessio push the pair up and for all the LO session we see a bearish trend but the D1 is green... hope you understand!

In this system you need to be near to perfection...
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  • #25,510
  • Jan 8, 2015 11:38am Jan 8, 2015 11:38am
Quoting honestknave
{quote} I may be wrong, but I think the ASH was green?
yes but was an h1 entry on the first 00 level...
  • #25,511
  • Jan 8, 2015 11:56am Jan 8, 2015 11:56am
Quoting JibalaPasan
{quote} There was 1 pair to chose only (very clear even), NZDUSD short! Strong USD against a weak NZD. Some other pairs pending e.g. AUDUSD, GBPUSD, NZDCHF all short and EURNZD long. Jibala
Hey JibalaPasan,

Is there an indicator you are using for this? Like the one shown in your attachment?

Thanks

Vlad
  • #25,512
  • Jan 8, 2015 12:00pm Jan 8, 2015 12:00pm
Quoting fakeylover
i would share with you all my loosing trades of this week.. in order to discuss with you and try to avoid them in the future... Are just 4... but have a strong weight on my balance... Any opinion is welcome... i think this could be a great discussion much more than post the winning one My number for this week are: 9 profit for a total of 45 pips 7 Trailing stop 4 Loss for a total of 40 pips That result in less of 5 pips due to commission of ts... In this system you need to be near to perfection... {image} {image} {image} {image} {image}

Why short when MTF ASH and ASH are green?? In my book that is NO TRADE !!!

that would have saved you some losses... as that were no low risk entries.. so how many losing trades that would have prevented???

Udine
Sleep less, live fast, as it aint gonna last
  • #25,513
  • Jan 8, 2015 12:00pm Jan 8, 2015 12:00pm
Quoting Vlad13685
{quote} Hey JibalaPasan, Is there an indicator you are using for this? Like the one shown in your attachment? Thanks Vlad

no need to ask, as it wont be shared..

Udine
Sleep less, live fast, as it aint gonna last
  • #25,514
  • Jan 8, 2015 12:01pm Jan 8, 2015 12:01pm
Quoting fakeylover
{quote} yes but was an h1 entry on the first 00 level...
so if ASH is green is it a low risk entry to short ???

Udine
Sleep less, live fast, as it aint gonna last
  • #25,515
  • Jan 8, 2015 12:02pm Jan 8, 2015 12:02pm
guys, girls,

I am out..

speak tomorrow

cheers

PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #25,516
  • Edited 12:35pm Jan 8, 2015 12:21pm | Edited 12:35pm
It is continually asked how pairs are picked that offer a high probability of success. This was discussed sometime back in 2014 and an indicator; ForexProfitSupreme (pair scanner) was posted and discussed on August 25, 2014 post #16,598, and used by some although it is not included in Udine's method.

I will not post the indicator here as it is not a system indicator but it can be found in the above paperclip for those interested. Maybe this will alleviate the need for some of the questions posted on this subject.

Hope this helps!

Regards,
Cigarguy
Keep It Simple
  • #25,517
  • Jan 8, 2015 12:50pm Jan 8, 2015 12:50pm
Quoting Udine
{quote} Why short when MTF ASH and ASH are green?? In my book that is NO TRADE !!! that would have saved you some losses... as that were no low risk entries.. so how many losing trades that would have prevented??? Udine
Thank a lot for the reply... this worth...

on the loss of GJ I think that the entry was valid... when i put the order at close of the H1 candle all the order were green in agreement with the green D1

per quanto riguarda UJ è stata colpa mia in quanto il livello per l'ingresso era 119

su EJ credo che l'ingresso fosse valido secondo la strategia per il 15m... l'unica cosa che mi lascia pensare è il fatto di essere sotto Rgl

the only trade that agrees with the fact that they do not sell all the indicators are green GU although the strategy H1 these indicators are not expected and the trade was concordant with D1 red and the first 00 level available ...


These are my thoughts ... according to what is said should be considered as a low risk entry , also with reference to the strategy H1 , only those situations where the indicators are agreed ... although the strategy H1 does not speak of these indicators .. . Some other consideration in more depth ? I think that breaking down piece by piece the loosing trades you can understand how to avoid them ...
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  • #25,518
  • Jan 8, 2015 1:02pm Jan 8, 2015 1:02pm
Hi Udine,

Quick question do you care if the .00 is the current day high/low?

For example the day high was formed at 100.50 at 3pm. At 4pm the price revisits 100.50. do you place a buy stop at 100.50?

Sorry if this has been asked before i only read the first 40 pages

Thanks!
  • #25,519
  • Jan 8, 2015 1:18pm Jan 8, 2015 1:18pm
Quoting WootWoot
Hi Udine, Quick question do you care if the .00 is the current day high/low? For example the day high was formed at 100.50 at 3pm. At 4pm the price revisits 100.50. do you place a buy stop at 100.50? Sorry if this has been asked before i only read the first 40 pages Thanks!
He should take it according to the rules, but if price approaches a strong support/resistance level it would be common sense to stay out
  • #25,520
  • Edited 3:44pm Jan 8, 2015 3:17pm | Edited 3:44pm
I was reading a post ... and disappeared ... strange ...
however, very simply have come to the conclusion that ... in addition to the normal readings of PA ... using the h1 entry must pay attention to the ASH ...
a small idea .. if someone already is testing even better ... consider the DO for trading the Asia session , the LO trade open to the EU and the NY open to trade the US session ... I say this because the subdivision in sessions in forex is very important and very often we have totally different trends and watch only the DO is not always the best ... I think many of you will have noticed ...
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