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As simple as possible: 00 level trading

  • #27,081
  • Mar 4, 2015 10:20am Mar 4, 2015 10:20am
Hi Robinho, with this system like yelena have a plan... for me when I began... I trade with small lotsize with stop loss at DO line....

some peoples wil cry but it is working...

with these new indicator I can now synchronise an second entry to recorvety my first bad entry because sometime the stop loss is very large...don't forget meaning of K.I.S.S.

have a nice day

Liberty55
  • #27,082
  • Mar 4, 2015 10:24am Mar 4, 2015 10:24am
Quoting Robinho
{quote} 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.
Trading on a demo account is completely different than trading with real money.

No offense, but people trading on a demo account are playing where no damage can be done.

I really think that people trading on a demo account should have to identify themselves and people can decide whether or not to take their advice.

Risking 20 pips to gain 10 is the same as risking 10 to gain 5, but risking 20 to gain 5 is like playing russian roulette eventually you are going to take a bullet
  • #27,083
  • Mar 4, 2015 10:32am Mar 4, 2015 10:32am
Quoting pgpb
{quote} Trading on a demo account is completely different than trading with real money. No offense, but people trading on a demo account are playing where no damage can be done. I really think that people trading on a demo account should have to identify themselves and people can decide whether or not to take their advice. Risking 20 pips to gain 10 is the same as risking 10 to gain 5, but risking 20 to gain 5 is like playing russian roulette eventually you are going to take a bullet
I know Demo account is not the same as real ...

But do not agree to put 20 pips to gain 10 pips stop, is the same thing that put 10 pips to gain 05 pips destop.

Percentage is equal, but in practice, we can see very quickly the price run to a stop 10 pips, and it makes me worried.

I add my results, from tomorrow.
  • #27,084
  • Mar 4, 2015 10:38am Mar 4, 2015 10:38am
hi pgpb. i am agre with for the LIVE TRADING, but with micro-lot or nano-lot , you can learn to manage the emotion... thi is the big part of the trading....

now , with the DOline...it is a great indicator of what you can do in the market... also if with slopeindicator now you can choose the pairs that go out from the ranging state...

finaly if you have a reasonnable target each day( 1-2-3%...)... you are in the zone.

don't forget at all when you choose a pair with a big ATR you choose a big train...and when the big is in movement...he can not stop rapidely.... this is why I showed my chart early this mornig...


Havec a nice day.... each day

Libetry55
  • #27,085
  • Mar 4, 2015 12:23pm Mar 4, 2015 12:23pm
Quoting liberty55
hi pgpb. i am agre with for the LIVE TRADING, but with micro-lot or nano-lot , you can learn to manage the emotion... thi is the big part of the trading.... now , with the DOline...it is a great indicator of what you can do in the market... also if with slopeindicator now you can choose the pairs that go out from the ranging state... finaly if you have a reasonnable target each day( 1-2-3%...)... you are in the zone. don't forget at all when you choose a pair with a big ATR you choose a big train...and when the big is in movement...he can not stop...

Liberty, this is a wise post. Well considered plan. I do appreciate your intention to emphasize larger ATRs. My only concern is that some of these carry serious spreads. For instance GBPAUD, for my broker, carries about a 7 pip spread. Really untradable. This may primarily be a problem for North American traders with limited access to ECN (commission centered) brokers.

At any rate, keep up your success! And thanks for your posts.

FS
  • #27,086
  • Mar 4, 2015 12:46pm Mar 4, 2015 12:46pm
Historic evidence of how simple this is. Trading EU London 3-11 AM EST. Set and sleep most. 100 TP. 11pip s/l, 15 pip capital protection. HHHL LLLH exit. I love the exit because the HI will run 2-3 candles average. 3/2-3-4/15. 3 days $180 bucks. Take some or all. I like all. Imagine +180 pips. No need to fret over -11pips stop losses. And thurs and fri left. Take all H1 trades. No indicator can tell us otherwise consistently enough to use em. Price and horizontal lines is all one needs and monitor the news red flags.

I am a trading simpleton myself. Been using something similar to Udine's for quite awhile now. Thanks to him for reviving an easy way to trade for others. There is always new blood moving into Forex. So this stuff has to be repetitious.

I use my Demo chart because I have set off unknowingly live trades messing with my real account. Lesson learned.
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  • #27,087
  • Mar 4, 2015 1:07pm Mar 4, 2015 1:07pm
Quoting dforant1
Historic evidence of how simple this is. Trading EU London 3-11 AM EST. Set and sleep most. 100 TP. 11pip s/l, 15 pip capital protection. HHHL LLLH exit. I love the exit because the HI will run 2-3 candles average. 3/2-3-4/15. 3 days $180 bucks. Take some or all. I like all. Imagine +180 pips. No need to fret over -11pips stop losses. And thurs and fri left. Take all H1 trades. No indicator can tell us otherwise consistently enough to use em. Price and horizontal lines is all one needs and monitor the news red flags.. {image}
Hey D, first, I think you should be asking the market for more than $1/pip . . .leaving money on the table.

I also wanted to be sure I understand your SL plan. May I assume HHHL indicates hourly closes higher for three hours then fades and closes below hour 3? The LLLH simply the reverse of this.

What if you wanted to bail after hour 2 of your trading? Sounds like you might be back asleep. More clearly, what if the pattern doesn't fit the HHHL or LLLH (norm)?

The 5/10 arrangement most follow is also uncomfortable to me. RR issues obviously, but such a narrow SL.

You also limit yourself to the EURUSD only, I think. Any experience with the GBPUSD for the same time period? Seems like it could be a natural and still not much to manage.

Thanks in advance for your thoughts. Well done.

FS
  • #27,088
  • Mar 4, 2015 2:55pm Mar 4, 2015 2:55pm
Quoting Forest-Sea
{quote} Hey D, first, I think you should be asking the market for more than $1/pip . . .leaving money on the table. I also wanted to be sure I understand your SL plan. May I assume HHHL indicates hourly closes higher for three hours then fades and closes below hour 3? The LLLH simply the reverse of this. What if you wanted to bail after hour 2 of your trading? Sounds like you might be back asleep. More clearly, what if the pattern doesn't fit the HHHL or LLLH (norm)? The 5/10 arrangement most follow is also uncomfortable to me. RR issues obviously,...
HHHL LLLH is what it is, if candle 2 fits criteria it's on to #3 cdl. And so on. No reason not to go 4 or 5 candles as long as criteria works.

EU because it has a low spread, I know it best, H1 trends well, if it goes 10p's it has a 78% chance of going another 30. There is enough in EU for me. If one wants to deal w/10 pairs. Go to it.

If a run doesn't fit the pattern, say it goes up 18 I'll let my protect capital part of Cavemanager work that out back to even. Not interested in 5-10-15 pip runs unless HH or LL break down. I'm interested in high runs mostly. Will take say a +30p 1st candle at times. There are less than 10 trades per week with 3 candle runs. The 11 pip stop losses are a laugh compared to profits.

Face the Monster head on. Don't weasel around it begging for pips.

My only problem is being Human. I at times will take $$ early. Can't explain it. Just happens,.usually to my detriment.
  • #27,089
  • Mar 4, 2015 3:20pm Mar 4, 2015 3:20pm
I'm not taking any bows for this because this has been on the market for a long time. Variations of it. I traded it without lines after trading it with lines. The Histrionics of this go way back to various sorts of systems. While trolling one day I happened here on Udine's site and the horizontal lines hit me in the face. I like the 10 pip spacing. Gives a sense of size as the charts get distorted hour to hour, week to week. I put the Any Candle and meters and news thing on my chart because it makes me look smart. My wife likes em. Always need an edge with Women.
  • #27,090
  • Mar 4, 2015 3:30pm Mar 4, 2015 3:30pm
Answer to GBP. It costs more but gives about a third more profits than EU. More volatility. Been with EU long time but could switch to any or many to profit. Would have to raise my stop loss to -22. Comfy with -11.
  • #27,091
  • Mar 4, 2015 6:03pm Mar 4, 2015 6:03pm
D, you seem like a TRO 'graduate,' which is good in my book. Your use of stats (and knowledge thereof) gives you a true edge. Of course, Udine has incorporated important TRO elements into this forum for the benefit of many. TRO has been polarizing although perhaps not wishing to be. Udine certainly is not -- has good guy written all over him.

Thanks for your ideas on GBP. Agree, there is enough out there just trading EU especially if one subscribes to the viewpoint of Udine at the outset of this forum -- grab a couple of percent a day and compound it.

Got it on your intention with the HHHL, etc.

Finally, it's good to be a "diforant1" with any spelling in forex. We all know what happens to the herd.

Many thanks,

FS
  • #27,092
  • Mar 4, 2015 8:26pm Mar 4, 2015 8:26pm
I do not know if I'll make a stupid question, but what is the difference in the practice of indicator parameters.

Time frame M30
user time frame 60

Time frame M30
user time frame 30

excuse me if it is in some post the answer

Thank you for your attention
  • #27,093
  • Mar 4, 2015 10:14pm Mar 4, 2015 10:14pm
Quoting dforant1
HHHL LLLH exit. I love the exit because the HI will run 2-3 candles average. {image}
Hi dforant1,

From one simpleton to another. Could you exercise patience with me and look at the attachment. How did you extract 80 pips using the LLLH exit? Wouldn't candle 3 signaled an exit.

Mind you at this point in my I'd be wrapped with the 35 pips this trade generated.

Thanks for your input.
Rapid.
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  • #27,094
  • Mar 4, 2015 10:46pm Mar 4, 2015 10:46pm
Quoting Robinho
I do not know if I'll make a stupid question, but what is the difference in the practice of indicator parameters. Time frame M30 user time frame 60 Time frame M30 user time frame 30 excuse me if it is in some post the answer Thank you for your attention
Best I can tell, the timeFrame setting is only a text label that appears in the upper left of the indicator display. I typed in the word "Applejack" and that word appeared on the display, with nothing else affected. I think the setting simply serves as a reminder of what timeframe the calculations are made on. The userTimeFrame setting determines what timeframe the slope calculations are done on. Try it yourself by trying values of 15, 30, 60 and others to see how the displayed values change.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,095
  • Mar 4, 2015 10:53pm Mar 4, 2015 10:53pm
Quoting diallist
{quote} Best I can tell, the timeFrame setting is only a text label that appears in the upper left of the indicator display. I typed in the word "Applejack" and that word appeared on the display, with nothing else affected. I think the setting simply serves as a reminder of what timeframe the calculations are made on. The userTimeFrame setting determines what timeframe the slope calculations are done on. Try it yourself by trying values of 15, 30, 60 and others to see how the displayed values change.
Yes I saw that changes ...

What setting friends use?

Because I think I will use Supreme meter,,, but I am with the "Slope Strength" along with the configuration.

M30
60
  • #27,096
  • Mar 5, 2015 12:07am Mar 5, 2015 12:07am
Quoting Robinho
{quote} Yes I saw that changes ... What setting friends use? Because I think I will use Supreme meter,,, but I am with the "Slope Strength" along with the configuration. M30 60
Here is a screenshot of my setup displaying both the 15 and 60 minute values.
Attached Image (click to enlarge)
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sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,097
  • Mar 5, 2015 1:17am Mar 5, 2015 1:17am
Quoting dforant1
Historic evidence of how simple this is. Trading EU London 3-11 AM EST. Set and sleep most. 100 TP. 11pip s/l, 15 pip capital protection. HHHL LLLH exit. I love the exit because the HI will run 2-3 candles average. 3/2-3-4/15. 3 days $180 bucks. Take some or all. I like all. Imagine +180 pips. No need to fret over -11pips stop losses. And thurs and fri left. Take all H1 trades. No indicator can tell us otherwise consistently enough to use em. Price and horizontal lines is all one needs and monitor the news red flags. I am a trading simpleton myself....
thx for your post!

is there a reason why your DO line is two hours before frankfurt opening and different to the DO from us here?
trading is like dancing, don't think and just listen to the music!
  • #27,098
  • Mar 5, 2015 2:46am Mar 5, 2015 2:46am
Quoting yelena
Lots of limes and reds in CAD and NZD. Not my cup of teas. Waiting for breakout.
Spread too high on those currencies? Or what's the reason not taking those trades?
  • #27,099
  • Edited 3:33am Mar 5, 2015 3:22am | Edited 3:33am
Friends my results so far:
For now ... 12 inputs and 12 wins.
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  • #27,100
  • Mar 5, 2015 3:55am Mar 5, 2015 3:55am
Here are my results for today. 14 trades from which only 2 losers. Ignore trades above the blue horizontal line, they were taken based on other strategy.
9 o'clock on my platform is FO. Those 14 trades were taken based on Udine's strategy + - strength meter provided by Yelena. I would have taken more NZD and Cad trades if not for the big spread.
Still testing the strategy on a live account but with nano lot size as IMO is the best way to find out is a strategy really works
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