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As simple as possible: 00 level trading

  • #27,061
  • Mar 4, 2015 7:22am Mar 4, 2015 7:22am
Quoting gigicualex
Got this strength at NY open 4 pairs to thrade, EJ EZ EA EU. Didn't touch EJ as the price was close to RN 133,00. Neither EU as USD news coming in 15m. Took only short EZ and EA both losers. -20p for today {image}
Only pending order that triggered was EURAUD and it hit SL so -10 pips. Why didnt u take EURAUD Yelena?
  • #27,062
  • Mar 4, 2015 7:30am Mar 4, 2015 7:30am
Quoting yelena
{quote} He's using 30 It doesn't matter what you actually put there. As long as you equate the price to the measure of the move. How do I say this.... like sweetness. What maybe sweet to me is blant to you. Discretion? Yeah that's what I do not like about it. To provide better meaning: eyeball it! For bearish market, if no candle closed above the previous then it's a good strength. If the current candle engulfs the previous, even better!
As a general rule it's OK. But being at the beginning with this indi I'd prefer to stick on standard settings, so I'll use 60, just as you.
Porta itineris dicitur longissima esse
  • #27,063
  • Mar 4, 2015 7:31am Mar 4, 2015 7:31am
hi Fxpiphunter, what was your entry??? for me , after a very long move like euraud, I will be care because the chance to have a correction rise with a big move....

this is why I check the last fractal or swing . very often the movement continue only if the market break thew low or high( depend if market is long or short....

Don't forget Udine: if you have some reasons for not take a trade.....

also what was the RmUp and DmDn???

Liberty55
  • #27,064
  • Mar 4, 2015 7:34am Mar 4, 2015 7:34am
Quoting liberty55
hi Fxpiphunter, what was your entry??? for me , after a very long move like euraud, I will be care because the chance to have a correction rise with a big move.... this is why I check the last fractal or swing . very often the movement continue only if the market break thew low or high( depend if market is long or short.... Don't forget Udine: if you have some reasons for not take a trade..... also what was the RmUp and DmDn??? Liberty55
My entry was 1.41800 with rmDN 15-20.. it was risky but indi gave strong signal with 4 red EU pairs
  • #27,065
  • Mar 4, 2015 7:36am Mar 4, 2015 7:36am
Quoting gigicualex
Got this strength at NY open 4 pairs to trade, EJ EZ EA EU. Didn't touch EJ as the price was close to RN 133,00. Neither EU as USD news coming in 15m. Took only short EZ and EA both losers. -20p for today {image} {image}

I'm sorry to hear that. I feel like you are chasing in an attempt to duplicate other's success.

I think you must feel your technique and indicators.

Let's say we both want to get from point A to point B. Even if you teach me how to drive, if we drive now, you will get to point B x10 faster than I can. Because you already have a feel of cars/trucks. (Assuming you don't know how to ride a bicycle) Even if I teach you how to bike, if we bike now, I will get to point B x10 faster than you can. Because I can already balance myself with the instrument I'm using.

Bottom line: We can all reach point B. But you have to find something that can make you get to it while applying rules of #1. Does it make sense?
  • #27,066
  • Mar 4, 2015 8:00am Mar 4, 2015 8:00am
Yes it does make sense. That's why I'm here trying to find smth that works for me and getting a grip of it. I'm sure that you would agree with me, when I say, in order to find a tool that suits your character u need to test many other. This is what I'm doing now..testing a tool that you proposed few days ago
  • #27,067
  • Mar 4, 2015 8:02am Mar 4, 2015 8:02am
hi FXpiphunter...it was a very risky trade...after a very long drop..... Do tou remeber what Yelena sait about when she trade???? only 2-3 hour from Francfurt...

Me I am in quebec Canada... it is harder to trade with a stoplos of 10 pips..;.I adjust the lotsize for respect 1% by day but with a stoplos of 20 pips....

but the best entry was at the open London...for the next 2 hours. if you wan to pass more time in front of your screen... take yours trades ( may be 2 spacing of 10 pips ) at the open London and manage the stoploss to protect you win..,

If, in this case, you reach your daily target ( choose a pair with a big ATR like what I sown in the previous post)..... now you can what you are to be A GOOD DAY FOR YOU.


maybe you reach your traget of the week ( 2%/day x 5 days = 10 %)... at this time... stop of the week (LIVE Account) but you can go to a second plateform ( demo) to continue your learnig....


Hope the best for us

Liberty55
Have a nice day
  • #27,068
  • Mar 4, 2015 8:34am Mar 4, 2015 8:34am
NY+1 and my last trading hour for today.
Managed to recover some form previous lost with below 3 winning trades. Total -5p for today.

Note: starting to hate this R:R of 5/10. After 2 months of testing Udine's strategy I find it very difficult to be profitable on the long term. The risk reward ratio eats you alive steady and slowly. There is no doubt about that. No matter what you do, trying to select the perfect pairs, pick up the right entry spot and trying to increase your winning trades, the RR constant is always there working against you.
Hate me, kick me but this is a honest review from a guy which dedicated the last 60days from his life testing this.
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  • #27,069
  • Mar 4, 2015 8:47am Mar 4, 2015 8:47am
I follow this system to a 04 months ... the in my view, the only problem is the tight stop of 10 pips ... I have placed 20 pips stop with risk of 2.5%, seeking 5 pips.

I spent from today following with the power indicators balslope the indicator force Supreme meter.

A fraternal embrace to all.
  • #27,070
  • Mar 4, 2015 9:21am Mar 4, 2015 9:21am
hi , Robinho thank you for your indicator... I worked with The SUPREME... and when you conbine the DO line it is very good. I tested some strategy with stoplos...and this morning I synchronise my recovery entry with the ForexPromitSupreme meter... and I recovery all with gain... look eurusd very nice drop also...

I shared your stop loss but my target is different...



Have a nice day

Liberty55
  • #27,071
  • Edited 11:21am Mar 4, 2015 9:23am | Edited 11:21am
Quoting gigicualex
NY+1 and my last trading hour for today. Managed to recover some form previous lost with below 3 winning trades. Total -5p for today. Note: starting to hate this R:R of 5/10. After 2 months of testing Udine's strategy I find it very difficult to be profitable on the long term. The risk reward ratio eats you alive steady and slowly. There is no doubt about that. No matter what you do, trying to select the perfect pairs, pick up the right entry spot and trying to increase your winning trades, the RR constant is always there working against you. Hate...
Honesty preferred.

May I suggest that before you even open MT4, make a plan first. What will you do if it ranges, and when it kicks off? Then you trade the plan.

You see a ship with an engine running, but without a captain and a destination. will get nowhere. But if you give it a heading and a direction (trade plan), it will get to its destination.

My experience with the SlopeMeter is that it keeps us away ranging markets, like yesterday. And when it shows a trending market, you gotta ride it. Attached is my total for today. But I am still holding on to 2. I know they have just breached RgL. But my trading plan is to close them 1800 of the chart time, which is around 40 mins from now.

If it gets my TS, then so be it. At least I tried on a very good trending day.

But when the market moves, you must have the courage to stick to your plan.
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  • #27,072
  • Mar 4, 2015 9:24am Mar 4, 2015 9:24am
Quoting yelena
{quote} I'm sorry to hear that. I feel like you are chasing in an attempt to duplicate other's success. I think you must feel your technique and indicators. Let's say we both want to get from point A to point B. Even if you teach me how to drive, if we drive now, you will get to point B x10 faster than I can. Because you already have a feel of cars/trucks. (Assuming you don't know how to ride a bicycle) Even if I teach you how to bike, if we bike now, I will get to point B x10 faster than you can. Because I can already balance myself with the instrument...
r u kidding?????
  • #27,073
  • Mar 4, 2015 9:27am Mar 4, 2015 9:27am
Quoting Robinho
I follow this system to a 04 months ... the in my view, the only problem is the tight stop of 10 pips ... I have placed 20 pips stop with risk of 2.5%, seeking 5 pips. I spent from today following with the power indicators balslope the indicator force Supreme meter. A fraternal embrace to all.


20 pips risk to gain 5 pips?!?!?!?
Someone please tell me what percentage win ratio one would have to have to make this work?
You would have to have 5 wins to get back in the green for 1 loss
Come back after 6 months and tell us that you are making money with this RR
The market is to unpredictable to allow this type of RR to be profitable in the long run
Sorry to be hard on you, I do not want to be an internet bully, but people read these suggestions and take them seriously

PGPB
  • #27,074
  • Mar 4, 2015 9:32am Mar 4, 2015 9:32am
Quoting birdland
{quote} what is your reason to buy or sell? thx
For your penance read the whole thread again! This time in Greek....
  • #27,075
  • Mar 4, 2015 9:45am Mar 4, 2015 9:45am
Quoting Hoffi4201
{quote} coul you briefly explain your method, I think I do not get it. Waiting for higher lows and higher highs and buy on H1 Chart?
This has to be a sucker question. Good grief! This is the simplest trading method known to mankind. Long >Open Line. Short <Open Line. Set buy/sell at next horizontal line. Exit failure of next HHHL/LLLH. H1 EU is best. Odds in favor also. H1 Candles will continue to run for 2-3 candles more. Take the $$ and get some language comprehension lessons.
  • #27,076
  • Mar 4, 2015 9:46am Mar 4, 2015 9:46am
Quoting snail69
{quote} break of previous low, i believe...
Poor sinners!
  • #27,077
  • Mar 4, 2015 9:47am Mar 4, 2015 9:47am
Quoting birdland
{quote} well, that is not a system i am curious what he will tell us
I am curious what you comprehend???
  • #27,078
  • Mar 4, 2015 9:58am Mar 4, 2015 9:58am
Quoting Robinho
I follow this system to a 04 months ... the in my view, the only problem is the tight stop of 10 pips ... I have placed 20 pips stop with risk of 2.5%, seeking 5 pips. I spent from today following with the power indicators balslope the indicator force Supreme meter. A fraternal embrace to all.

Egads! Forex needs an aptitude test prior to acceptance. Robinhood don't try saving the poor.
  • #27,079
  • Mar 4, 2015 10:05am Mar 4, 2015 10:05am
Quoting pgpb
{quote} 20 pips risk to gain 5 pips?!?!?!? Someone please tell me what percentage win ratio one would have to have to make this work? You would have to have 5 wins to get back in the green for 1 loss Come back after 6 months and tell us that you are making money with this RR The market is to unpredictable to allow this type of RR to be profitable in the long run Sorry to be hard on you, I do not want to be an internet bully, but people read these suggestions and take them seriously PGPB
I have the few placed 10 pips Tp ... but let's playing
  • #27,080
  • Mar 4, 2015 10:12am Mar 4, 2015 10:12am
Quoting dforant1
Quoting Robinho I follow this system to a 04 months ... the in my view, the only problem is the tight stop of 10 pips ... I have placed 20 pips stop with risk of 2.5%, seeking 5 pips. I spent from today following with the power indicators balslope the indicator force Supreme meter. A fraternal embrace to all. Egads! Forex needs an aptitude test prior to acceptance. Robinhood don't try saving the poor.
I have the few placed 10 pips Tp ... but let's playing

have a history of more than 140 entries,,, with only 01 defeats placing stop 50 pips with Tp of 05 pips. Only training Demo account.

As for training, nothing serious, but I did it ... soon I spend my Tp for 10 pips with Stop 20 pips. with the Force indicators helping us think possible.

I am now in Real account ... and soon I shall post my results.
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