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As simple as possible: 00 level trading

  • #27,301
  • Mar 11, 2015 2:11am Mar 11, 2015 2:11am
Quoting Chake
{quote} number of pips in top of your chart, all candles have traveled this number of pips before you enter?

nope

Udine
Sleep less, live fast, as it aint gonna last
  • #27,302
  • Edited 2:27am Mar 11, 2015 2:13am | Edited 2:27am
Quoting diallist
{quote} Yes. You only took trades after a close of the 30 minute candle on which the color of the ASH or the hourly Mcandle changed. Also, upon such change, the ASH and the hourly Mcandle were in the same direction. One thing you did not do was enter on the first 00 crossing after the opening of a new hour. This makes sense as this rule cannot coexist with entering on color change. Dial

Dial,

Well done.. the corect answer..

I am a simple guy, so my trading must be simple otherwise I dont understand it anymore

Attached Image (click to enlarge)
Click to Enlarge Name: 3.jpg Size: 191 KB


here we go, one by one..

EURUSD:

1. the burlyWood horizontal line just above the 1.08500 is the daily open line
2. M Candles settings 1440 is red, so only short
3. the ASH turned red on the 11:00 candle
4. entry (was a little early) on the 1.07800 level

Why was I early? Because I did put the pending a few seconds before the candle close, it was

Attached Image


EURJPY:

first trade:

1. above dailly open line so MCandles settings 1440 was green at the time
2. ASH turned green on the 10:00 candle
3. entry on 10:30 candle, hardly any DD and stresfree to 5 pips

second trade:

1. below dailly open line so MCandles settings 1440 was red
2. ASH turned red on the 11:00 candle
3. entry on 11:30 candle, stresfree to 5 pips

GBPUSD:

1. below dailly open line so MCandles settings 1440 was red
2. ASH turned red on the 11:00 candle
3. entry on 11:30 candle, stresfree to 5 pips

Thats all there is to it, nothing complicated...

Yesterday there were in total 8 set ups like this on my 4 pairs....

Do you really think I need to look at more pairs????

Cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #27,303
  • Mar 11, 2015 2:35am Mar 11, 2015 2:35am
Quoting Robinho
{quote} Your psychological is extrardinrio ... With all due respect, "Ice Man". The real lesson of Forex is the head, and nothing else. Grateful forever.

Robinho,

thx for the compliment (I like Ice Man), but in time it becomes more and more easy..

When you wake up and simply know you will make money, it is very easy to maintain PDF & BCC

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #27,304
  • Mar 11, 2015 2:42am Mar 11, 2015 2:42am
Quoting Udine
{quote} ATR = the ATR over the last 480 30M candles.. So if the average size of a 30M candle is 13 pips I know I can make my 5 pips in 1 maximum 2 candles.. Udine
Good Morning Udine where can I find the ATR you use for your 30 minute charts?
  • #27,305
  • Mar 11, 2015 2:52am Mar 11, 2015 2:52am
Quoting Checkz
{quote} Good Morning Udine where can I find the ATR you use for your 30 minute charts?

Hi checkz,

here you go..

Udine
Attached File(s)
File Type: mq4 ATR in Pips.mq4   3 KB | 898 downloads
Sleep less, live fast, as it aint gonna last
  • #27,306
  • Mar 11, 2015 2:53am Mar 11, 2015 2:53am
Thank you sir!
  • #27,307
  • Mar 11, 2015 2:55am Mar 11, 2015 2:55am
Hi Udine,

My broker changed the server's time, passed to GMT+3. I've tried to adapt the indicators to the new time but now everything looks very bad. For example the price is above DO and D1 is red. Also M-candlesSW1 doesn't look good.
Would you be able to share your template file and let me know if I need to do further changes to it ?

Thanks in advance,much appreciated
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
  • #27,308
  • Mar 11, 2015 3:13am Mar 11, 2015 3:13am
Quoting Udine
{quote} Dforant1, who says I left $ 130 on the table ??? I left a lot more, but who cares.. this is what I made yesterday, with the least possible amount of risk and time... {image} why do I need to risk my capital any longer?? Udine
$ 200 pip.
20 lots pip
fantastic
  • #27,309
  • Mar 11, 2015 3:20am Mar 11, 2015 3:20am
Quoting gigicualex
Hi Udine, My broker changed the server's time, passed to GMT+3. I've tried to adapt the indicators to the new time but now everything looks very bad. For example the price is above DO and D1 is red. Also M-candlesSW1 doesn't look good. Would you be able to share your template file and let me know if I need to do further changes to it ? Thanks in advance,much appreciated {image}

can you put on the period separator on your chart please ??

Udine
Sleep less, live fast, as it aint gonna last
  • #27,310
  • Mar 11, 2015 3:36am Mar 11, 2015 3:36am
sure. vertical dotted white line on the below chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
  • #27,311
  • Mar 11, 2015 3:41am Mar 11, 2015 3:41am
Quoting gigicualex
sure. vertical dotted white line on the below chart {image}

the only indicator that is not correct is the daily open line..

your daily open line should have been on the top of the red candle that has the period separator on it.. all other indicators showed the correct situation..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #27,312
  • Mar 11, 2015 3:43am Mar 11, 2015 3:43am
Quoting Udine
{quote} the only indicator that is not correct is the daily open line.. your daily open line should have been on the top of the red candle that has the period separator on it.. all other indicators showed the correct situation.. cheers Udine
Thank you Udine!
  • #27,313
  • Mar 11, 2015 4:03am Mar 11, 2015 4:03am
Udine u don't use news indicator anymore? And what about ADR u just check ADR for 5 days and for today, no room up or down?
  • #27,314
  • Mar 11, 2015 4:46am Mar 11, 2015 4:46am
Quoting Griruk
Udine u don't use news indicator anymore? And what about ADR u just check ADR for 5 days and for today, no room up or down?

1. Off course I check the news
2. you see my charts??? the ADR is there... no need for rmUp or rmDn, I know when ADR has been reached..

Udine
Sleep less, live fast, as it aint gonna last
  • #27,315
  • Mar 11, 2015 4:47am Mar 11, 2015 4:47am
Guys do u experience slippage when placing the pending orders?
I'm with IC Markets and it's unbearable to watch how 60-70% of my orders are slipped. Not much, most of the times up to one pip but at the end this makes a difference. When slipped also the SL and tp moves making the RR higher than 2:1.
  • #27,316
  • Mar 11, 2015 4:50am Mar 11, 2015 4:50am
Hi Udine

Sorry to ask... but could you give us your LAST template, please ?

Thanks in advance

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
  • #27,317
  • Mar 11, 2015 5:02am Mar 11, 2015 5:02am
Quoting BLACKFEET
Hi Udine Sorry to ask... but could you give us your LAST template, please ? Thanks in advance Best regards BBF

did not think it would be that difficult to copy my charts ...

dont ask for others...do the legwork..

Udine
Attached File(s)
File Type: tpl 30 Minutes.tpl   448 KB | 1,217 downloads
Sleep less, live fast, as it aint gonna last
  • #27,318
  • Mar 11, 2015 5:08am Mar 11, 2015 5:08am
Quoting Udine
{quote} Dial, Well done.. the corect answer.. I am a simple guy, so my trading must be simple otherwise I dont understand it anymore {image} here we go, one by one.. EURUSD: 1. the burlyWood horizontal line just above the 1.08500 is the daily open line 2. M Candles settings 1440 is red, so only short 3. the ASH turned red on the 11:00 candle 4. entry (was a little early) on the 1.07800 level Why was I early? Because I did put the pending a few seconds before the candle close, it was {image} EURJPY: first trade: 1. above dailly open line so MCandles...
So your only getting in on the :30 of every hour, if the ASH changed during the first half-hour to the daily direction.

Your not trading trend continuations?

Asmodai
  • #27,319
  • Mar 11, 2015 5:23am Mar 11, 2015 5:23am
Ooops 75 pips. 2 hrs. The gift that keeps on giving. Thank you EURO! Let see according to KISS I can sleep for 8 trading days till 3/20/14. What's Rip Van Winkle's record?? Sleeping on the job! ZZZzzzzzz..
Attached Image
  • #27,320
  • Mar 11, 2015 5:24am Mar 11, 2015 5:24am
Quoting Udine
{quote} did not think it would be that difficult to copy my charts ... dont ask for others...do the legwork.. Udine {file}
Hi, Udine

Thanks a lot

I appreciate your kindness

Best regards

BBF
BigBlackfeet Always on the(forex) war path !
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