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As simple as possible: 00 level trading

  • #26,341
  • Jan 31, 2015 1:40am Jan 31, 2015 1:40am
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...
Yelena,

Killer results !!!
Great to see somebody adjusting the method to their own style and making it a huge success !!!


I can understand why you are in love

Rinse and repeat...
But be carefull, 2 weeks is only a limited test of time, so continue to be sharp..

stick to the PDF & BCC, otherwise the greed factor will start to kick in and spoil it all..

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #26,342
  • Jan 31, 2015 6:06am Jan 31, 2015 6:06am
WELL DONE AUSSIES Asian champions .... WELL DONE Udine .... OO trading champion.... you only need one COACH to inspire a team of winners .....
Whats That? you're trading What?
  • #26,343
  • Jan 31, 2015 6:09am Jan 31, 2015 6:09am
Quoting Qed
WELL DONE AUSSIES Asian champions .... WELL DONE Udine .... OO trading champion.... you only need one COACH to inspire a team of winners .....
They even managed to beat the Ref...just
  • #26,344
  • Jan 31, 2015 6:15am Jan 31, 2015 6:15am
yeh ... easy to tell where thay came from ....
Whats That? you're trading What?
  • #26,345
  • Jan 31, 2015 7:54am Jan 31, 2015 7:54am
hi i have mt 4 build 765, and when i open mtf ash 1.1 indi my platform is block and i need to restart without this indi , someone can help me? Please
  • #26,346
  • Feb 1, 2015 9:04am Feb 1, 2015 9:04am
Been looking at this and just want to check a few things. Post 1 says "Entry ONLY the FIRST 00 level" and I am trying to work out what this means exactly. If price is below daily open at the time of London open, say EURJPY is at 132.750 at 8am GMT. Then straight away you place sell order at 132.700? (assuming ADR not yet met).

If I am right, the 1h candle would open at 132.750 and so it would be red when hitting your order at 132.700, the daily is also red since we are below the white line, ADR is not yet met, and we are not at .10 level so this is a valid trade if I have understood this right? SL would obviously be at 132.800 and TP 132.650.
  • #26,347
  • Feb 1, 2015 10:01am Feb 1, 2015 10:01am
Quoting ewokuk
Been looking at this and just want to check a few things. Post 1 says "Entry ONLY the FIRST 00 level" and I am trying to work out what this means exactly. If price is below daily open at the time of London open, say EURJPY is at 132.750 at 8am GMT. Then straight away you place sell order at 132.700? (assuming ADR not yet met). If I am right, the 1h candle would open at 132.750 and so it would be red when hitting your order at 132.700, the daily is also red since we are below the white line, ADR is not yet met, and we are not at .10 level so this...
100% correct. You would place a Sell Stop order at 132.700.

The only thing that's left that I can think of is that you will need to adjust your SL and TP to account for your brokers spread.

Vlad
  • #26,348
  • Feb 1, 2015 5:31pm Feb 1, 2015 5:31pm
This has got to be the most stupid thing i have every heard of ,,,trading a 1 hour chart for 5 pips profit....if you believe this you better go back and look at market structure and basic trading techniques.
  • #26,349
  • Feb 1, 2015 7:52pm Feb 1, 2015 7:52pm
Its not as stupid as you think it is actually. If you really understand market structure so well you only need that little pips to achieve your daily target, instead of risking a position with bigger SL and TP. I like the simplicity of this system. That's what Udine and the others trying to do, so i suggest you think clearly before you comment again.
  • #26,350
  • Feb 1, 2015 8:11pm Feb 1, 2015 8:11pm
Quoting Bankpips
This has got to be the most stupid thing i have every heard of ,,,trading a 1 hour chart for 5 pips profit....if you believe this you better go back and look at market structure and basic trading techniques.
They are playing levels here. Day and 1 hour candles are only used to determine direction of the trade.
  • #26,351
  • Feb 1, 2015 8:23pm Feb 1, 2015 8:23pm
[H1] EJ to TP

Is this luck?

Numberman
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 51 KB
  • #26,352
  • Feb 1, 2015 8:56pm Feb 1, 2015 8:56pm
Hello guys, gud start for the new week! Many signals on JPY but took AUDJPY & NZDJPY only.
Attached Image

Should be enough for today?

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #26,353
  • Feb 1, 2015 9:30pm Feb 1, 2015 9:30pm
Quoting Udine
{quote} Yelena, Killer results !!! Great to see somebody adjusting the method to their own style and making it a huge success !!! I can understand why you are in love Rinse and repeat... But be carefull, 2 weeks is only a limited test of time, so continue to be sharp.. stick to the PDF & BCC, otherwise the greed factor will start to kick in and spoil it all.. Cheers Udine
Dear Master,
I hereby attached my set up.
Problem is Rm, Rdn is not display nicely.
How do I fix it?
thanking you inadvance,
Be happy
Attached Image (click to enlarge)
Click to Enlarge Name: EUR-USD.png Size: 61 KB
  • #26,354
  • Feb 1, 2015 10:03pm Feb 1, 2015 10:03pm
Quoting JibalaPasan
Hello guys, gud start for the new week! Many signals on JPY but took AUDJPY & NZDJPY only. {image} Should be enough for today? Jibala
Compare to the below number. I dont think so

Numberman
  • #26,355
  • Feb 1, 2015 11:11pm Feb 1, 2015 11:11pm
Trade #1

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #26,356
  • Feb 1, 2015 11:13pm Feb 1, 2015 11:13pm
Quoting numberman
{quote} Compare to the below number. I dont think so Numberman
If we compare the numbers only, you are right! But you might have noticed "Past results are not indicative of future results."! Something like this happens once in a while, therefore we do not have to overact on it.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #26,357
  • Feb 2, 2015 12:46am Feb 2, 2015 12:46am
Hi!

GBPJPY to SL -10. Any comments on where I went wrong?

Thanks

Vlad
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY TS 2 2 2015.PNG Size: 33 KB
  • #26,358
  • Feb 2, 2015 12:52am Feb 2, 2015 12:52am
Quoting Vlad13685
Hi! GBPJPY to SL -10. Any comments on where I went wrong? Thanks Vlad {image}
momentum is bearish
  • #26,359
  • Feb 2, 2015 1:00am Feb 2, 2015 1:00am
Quoting Masterrmind
Trade #1 EURAUD +5 TP {image} Masterrmind..........
Hi, Masterrmind

May I ask you a question?
I've watched UJ this morning.
What do you think about taking UJ long trade during today's Tokyo session?
I couldn't that because it looked like downtrend according to D1, H4, H1 formations.
On the other hand, it was very bullish on lower time frame.....
  • #26,360
  • Feb 2, 2015 1:57am Feb 2, 2015 1:57am
Good morning and good trading everyone.

Asmodai
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