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As simple as possible: 00 level trading

  • #26,441
  • Feb 4, 2015 3:27am Feb 4, 2015 3:27am
Udine's 1H system with Yelena's exit strategy
There second result:

EURJPY +17 -1 +4.5
GBPJPY -10
EURUSD +7.8 +10.5 +0.3
GBPUSD -10
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Myfxbook 2015.02.04 2.png Size: 112 KB
Click to Enlarge Name: 2015.02.04 2.png Size: 262 KB
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  • #26,442
  • Feb 4, 2015 3:30am Feb 4, 2015 3:30am
Quoting Asmodai
Trade #2 EJ 1h method, end of bar exit..... -10 {image} Since Jpy continues strong i thought it would go and at least touch the pivot, i was wrong. Moving on to next trade. Asmodai
Asmodai, after AB=CD it is very risky to go in the same direction as this is a reversal formation.
  • #26,443
  • Feb 4, 2015 3:34am Feb 4, 2015 3:34am
Quoting denya
Hello. This is my first post in this thread. I am from Moscow, Russia, so sorry for my english. I decided to trade the Udine's 1H system with Yelena's exit strategy. There first result: EURJPY +17 GBPJPY -10 EURUSD +7.8 GBPUSD -10 If you have any comments. Wellcome {image}
Your entries are incorrect. You need to wait for the H1 candle to close and then you set PO on the next 00 level in the direction of the trend
on EJ you should have shoreted .700 level
on GJ the next 00 level was .100 but according to Udine's rules you shouldn't short into that level
on EU u should have shorted .600 level

Seems that u haven't read any post from this thread, not even post no 1
  • #26,444
  • Feb 4, 2015 3:34am Feb 4, 2015 3:34am
Quoting snail69
Trade as from a forex textbook... all in place like a puzzle. EU +17 {image}
I dont show it in my charts, but i also use fibs and harmonics alot to find good places to enter trades.

Your take profit on the 161 is just a beautiful thing .

Asmodai
  • #26,445
  • Feb 4, 2015 3:41am Feb 4, 2015 3:41am
Quoting snail69
{quote} Asmodai, after AB=CD it is very risky to go in the same direction as this is a reversal formation.
Forgot about that, is in placed like this that the lack of experience shows.
Thats another sticker on the edge of my monitor so i dont forget.
Ty for the info.

Asmodai
  • #26,446
  • Feb 4, 2015 3:52am Feb 4, 2015 3:52am
Quoting gigicualex
{quote} Your entries are incorrect. You need to wait for the H1 candle to close and then you set PO on the next 00 level in the direction of the trend on EJ you should have shoreted .700 level on GJ the next 00 level was .100 but according to Udine's rules you shouldn't short into that level on EU u should have shorted .600 level Seems that u haven't read any post from this thread, not even post no 1
Thank U. I was looking for a more reliable inputs, so I entered after about 3 minutes after the close of H1. I will have in view your opinion in my future trade. PDF & BCC better, you're right
Stay hungry to be free...
  • #26,447
  • Feb 4, 2015 3:55am Feb 4, 2015 3:55am
EU +5.4
Attached Image
  • #26,448
  • Feb 4, 2015 3:58am Feb 4, 2015 3:58am
Quoting Meta1
{quote} Not equal but the difference between are for me not big enough. If the difference is not more a value of e. g. 4 than I don't open a trade. An example in the attachment: The differnece between AUD and CAD are very small but between CAD and JPY or CAD and USD very big, higher value of e.g. 4 good evening ohh sorry I must write: good morning! {image}
Hi Meta1, me too use some kind of Meter to measure the strenght of currencies and myself too consider a diff = 4 as the minimum to proceed before placing an order. But I've seen that more than this there's another element to consider even more important: the evolution of these strength values. How do you measure strenght values increase/decrease, i.e. if one ccy strength is going up or down beyond its absolute value ?

Best,
Bubincka
Porta itineris dicitur longissima esse
  • #26,449
  • Edited 7:46am Feb 4, 2015 6:18am | Edited 7:46am
Hi, #1 #2 today

Attached Image (click to enlarge)
Click to Enlarge Name: GU GJ.png Size: 141 KB

Comments:
http://prntscr.com/60xb56


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  • #26,450
  • Feb 4, 2015 6:37am Feb 4, 2015 6:37am
Quoting bubincka
{quote} Hi Meta1, me too use some kind of Meter to measure the strenght of currencies and myself too consider a diff = 4 as the minimum to proceed before placing an order. But I've seen that more than this there's another element to consider even more important: the evolution of these strength values. How do you measure strenght values increase/decrease, i.e. if one ccy strength is going up or down beyond its absolute value ? Best, Bubincka
Just look at chart of individual currency index like the eur index and usa index
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  • #26,451
  • Feb 4, 2015 6:56am Feb 4, 2015 6:56am
Quoting tantor1973
{quote} Just look at chart of individual currency index like the eur index and usa index
Hi Tantor, thank you for your reply. Can you pls post some links ?
Porta itineris dicitur longissima esse
  • #26,452
  • Feb 4, 2015 6:59am Feb 4, 2015 6:59am
GU to TP [H1]
Comment: 5 pips instead of 40. But that's the strategy after all.
Attached Image (click to enlarge)
Click to Enlarge Name: GU_TP.png Size: 54 KB
Porta itineris dicitur longissima esse
  • #26,453
  • Feb 4, 2015 7:07am Feb 4, 2015 7:07am
Quoting bubincka
{quote} hi tantor, thank you for your reply. Can you pls post some links ?
open a demo account with liteforex mt4 has all individual currency index.
FREEDOM IS NOT FREE
  • #26,454
  • Feb 4, 2015 7:20am Feb 4, 2015 7:20am
Quoting tantor1973
{quote}open a demo account with liteforex mt4 has all individual currency index.
good! Thank you.
Porta itineris dicitur longissima esse
  • #26,455
  • Feb 4, 2015 7:51am Feb 4, 2015 7:51am
Quoting tantor1973
{quote}open a demo account with liteforex mt4 has all individual currency index.
isnt every currency index depending of timeframe? what TF you would use?I was using a indicator.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #26,456
  • Feb 4, 2015 7:54am Feb 4, 2015 7:54am
Hi Bernhard, I use mainly M15 as tf. Can you pls tell me which is the indicator and possibly share it ?
Porta itineris dicitur longissima esse
  • #26,457
  • Feb 4, 2015 8:52am Feb 4, 2015 8:52am
Quoting bubincka
Hi Bernhard, I use mainly M15 as tf. Can you pls tell me which is the indicator and possibly share it ?
each line is a currency http://prntscr.com/60yv1f

Pilotui_MY_STRENGTH_v1.0.ex4

cant upload for some reason hm, but u find in FF
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #26,458
  • Feb 4, 2015 9:01am Feb 4, 2015 9:01am
h1 00level EUR/JPY +12 End of bar exit
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 82 KB
  • #26,459
  • Feb 4, 2015 10:09am Feb 4, 2015 10:09am
Quoting Bernhard
{quote} each line is a currency http://prntscr.com/60yv1f Pilotui_MY_STRENGTH_v1.0.ex4 cant upload for some reason hm, but u find in FF
got it! Thanks.
Porta itineris dicitur longissima esse
  • #26,460
  • Feb 4, 2015 10:32am Feb 4, 2015 10:32am
Quoting bubincka
{quote} got it! Thanks.
That indi is kind of complicate for me, chart of individual indices you could plot indicator, look for support and resistance and due full technical analysis, you only have to look at the major thats 8 charts, look for strength in one pair and weakness in and other and match those 2, the one that are moving in opposite direction,
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