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As simple as possible: 00 level trading

  • #26,221
  • Jan 28, 2015 1:01am Jan 28, 2015 1:01am
Trade #1

NZDJPY +5 TP

Attached Image (click to enlarge)
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Comment: not the most exciting trade to take but it made TP nevertheless!

Masterrmind...........
Master your Mind then Master your Trades
  • #26,222
  • Jan 28, 2015 1:21am Jan 28, 2015 1:21am
Not many if any at all trades lining up for the H1 method during FF Open (no trades except at 400,500 and 600 levels) so its a nice relaxing hour ahead.

GA a possible exception although the hour started just above the 600 level for a long = NO trade for me. Other traders broker's data might tell a different story.

Have a great trading day everyone!

Masterrmind...........
Master your Mind then Master your Trades
  • #26,223
  • Jan 28, 2015 1:42am Jan 28, 2015 1:42am
Quoting joe12345
Hi Jibala: Great trades as usual. In an earlier post you talk about smart money change indicator. Is this a Stoch or some other indi that helps determine the change? Thx
If you only google for it you'll find a lot about Smart Money, Smart Money Change, Smart Money Index!

Just to get an overview: http://www.informedtrades.com/510422...y-defined.html

Btw. I'm not the devloper of the smc indicator means I cant tell you how it works exactly.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #26,224
  • Jan 28, 2015 1:57am Jan 28, 2015 1:57am
Starting late today and again I can show a loser trade. USDCAD did not work while others like NZDCAD did. It was good for one reason. We find a bug in the rsm which has been fixed this morning.
Attached Image (click to enlarge)
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Wish you all best of luck and many green pips!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #26,225
  • Jan 28, 2015 2:42am Jan 28, 2015 2:42am
Good morning and good trading everyone.

Trade #1 EJ TP

Attached Image (click to enlarge)
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Asmodai
  • #26,226
  • Jan 28, 2015 2:47am Jan 28, 2015 2:47am
anyone here checking OB / OS levels before opening positions with Udine's system ?
do not stand out in the open with gun ;stand in the bushes with knife..
  • #26,227
  • Jan 28, 2015 2:47am Jan 28, 2015 2:47am
I shorted the eurjpy, i will let this one run, see what happens
FREEDOM IS NOT FREE
  • #26,228
  • Jan 28, 2015 2:49am Jan 28, 2015 2:49am
Quoting tantor1973
I shorted the eurjpy, i will let this one run, see what happens
if price stay under 133,700 you will make some pips. good luck
do not stand out in the open with gun ;stand in the bushes with knife..
  • #26,229
  • Jan 28, 2015 2:58am Jan 28, 2015 2:58am
all ready locked in 20 pips, let the rest run just moved my stop to 133.700
FREEDOM IS NOT FREE
  • #26,230
  • Jan 28, 2015 3:05am Jan 28, 2015 3:05am
18/02/2015 there is Rate decision from BOJ. There will be negatif interest rate decision from BOJ.
For me there is some important level for EJ . 134,410 (2013 september high)
Above that level there is 135,808 (2014 september low)
Above 135,808 the main target 141,215 (2014 september high)

i just share my opinions for you guys, keep this level in mind.
safe.
do not stand out in the open with gun ;stand in the bushes with knife..
  • #26,231
  • Jan 28, 2015 3:07am Jan 28, 2015 3:07am
No direction to the market, 10 hours until FOMC...............
It takes a lot for me to IGNORE you, but you can try.
  • #26,232
  • Jan 28, 2015 3:37am Jan 28, 2015 3:37am
just got stopped out, i was ok with 5 pips and the market gave me 25 pips done for the day, good luck, going for a 3 mile run
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FREEDOM IS NOT FREE
  • #26,233
  • Jan 28, 2015 3:53am Jan 28, 2015 3:53am
Exit strat, M15 close; the candle where either the +5 or -10 was hit. Total: +29

14 days left to observe.

Click image for original rendering. Black pips to all!
End of business for today (EOB)

I'll provide a 15th day tollgate report in a while.
Attached Image (click to enlarge)
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  • #26,234
  • Jan 28, 2015 4:06am Jan 28, 2015 4:06am
Quoting yelena
Exit strat, M15 close; the candle where either the +5 or -10 was hit. Total: +29 14 days left to observe. Click image for original rendering. Black pips to all! End of business for today (EOB) I'll provide a 15th day tollgate report in a while. {image}
Great results, looking forward for the report.

Asmodai
  • #26,235
  • Jan 28, 2015 4:13am Jan 28, 2015 4:13am
Quoting yelena
Exit strat, M15 close; the candle where either the +5 or -10 was hit. Total: +29 14 days left to observe. Click image for original rendering. Black pips to all! End of business for today (EOB) I'll provide a 15th day tollgate report in a while. {image}
promising!
trading is like dancing, don't think and just listen to the music!
  • #26,236
  • Jan 28, 2015 4:30am Jan 28, 2015 4:30am
Trades #2 and #3 UJ TP and GJ TP

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Comments: The GJ trade was a deviation from the 15m method i normally use. It was more of a 1h method trade that was counting on a bounce from DO. Also taken into account was the bounce from the BRN and the fact that it was the 50% fib of the previous downswing. Most important of all was the time of entry ( thx Masterrmind for the inspiration on this one). I waited until i had a clear sign that the price really wanted to go down and was not just moving all over the place. Pacience.

Asmodai
  • #26,237
  • Jan 28, 2015 5:00am Jan 28, 2015 5:00am
And here are the results based on running balance as of Jan 7th, 2015

HIGHLIGHTS:

1.There were trades incorrectly closed from Jan 16 to Jan 23. That is "if closed at the M15 candle that hit either the +5 or -10," then the profits would have been well above 30.

2. Therefore. a variance of robotic closing should have resulted to another +2% gain per day.

3. I used average USD so that assessors can forecast possible profit or loss impact in choosing their own TP and SL (because the aim was how to get better points, in the first place, and this exit strategy was one of the suggestions). As wins in any pair are never the same, i.e, 10 pips in EY is not equal in USD vs 10 pips in EU. Yes, the actual account is just slightly better than this.

4. Maintained lot size because I wanted to see if my theory in #3 happens, which apparently, it does.

5. For entries:

No pivots.
No candle formations.
No price action.
No nothing was used.

Except the indicators posted in #1. So if RgL and RgH or RmDn and RmUp are red, no trade was taken. Very robotic.

I think I am in love!

14 days left. At 0 day, I shall make the 2nd and last tollgate report.

Black pips to all.
Attached Image
  • #26,238
  • Jan 28, 2015 5:14am Jan 28, 2015 5:14am
Quoting yelena
And here are the results based on running balance as of Jan 7th, 2015 HIGHLIGHTS: 1.There were trades incorrectly closed from Jan 16 to Jan 23. That is "if closed at the M15 candle that hit either the +5 or -10," then the profits would have been well above 30. 2. Therefore. a variance of robotic closing should have resulted to another +2% gain per day. 3. I used average USD so that assessors can forecast possible profit or loss impact in choosing their own TP and SL (because the aim was how to get better points, in the first place, and this exit...
Really great results.
I have to go over your posts and see if you have any trades with more then 10 pip loss, in those cases a SL would help, but it might also eliminate some trades that would end up winners.
I think that some analysis in 1m timeframe might help finetune things.

Asmodai
  • #26,239
  • Jan 28, 2015 5:20am Jan 28, 2015 5:20am
Hi everyone after reading the Udine system i did strat demo trading here are yesterdays result.
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  • #26,240
  • Jan 28, 2015 5:23am Jan 28, 2015 5:23am
Quoting yelena
And here are the results based on running balance as of Jan 7th, 2015 HIGHLIGHTS: 1.There were trades incorrectly closed from Jan 16 to Jan 23. That is "if closed at the M15 candle that hit either the +5 or -10," then the profits would have been well above 30. 2. Therefore. a variance of robotic closing should have resulted to another +2% gain per day. 3. I used average USD so that assessors can forecast possible profit or loss impact in choosing their own TP and SL (because the aim was how to get better points, in the first place, and this exit...
Looking very interesting!

Considering no true discretion is used (robotic as you say) perhaps a little fine tuning could improve the results further eg minimising the maximum loss per losing candlestick, challenging perhaps because until the candle closes its hard to gauge exactly at what price it will close. By the time that happens there is no time left to modify anything and then you have the retracement pips within the candlestick itself...maybe too difficult to manage unless of course you simply close the trade out when the candlestick goes against the open price by say 15-20 pips...hmmm!

Let's see how it goes for the final 14 days or so......great work in reporting your results by the way Yelena....

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