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As simple as possible: 00 level trading

  • #27,881
  • Mar 17, 2015 2:20am Mar 17, 2015 2:20am
GU to TP.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m30.png Size: 14 KB
  • #27,882
  • Mar 17, 2015 2:32am Mar 17, 2015 2:32am
EU - > TS
GU - > SL

-2% so far

Vlad
  • #27,883
  • Mar 17, 2015 2:32am Mar 17, 2015 2:32am
Quoting diallist
{quote} Hi LuXing, Thank you for thinking of me and giving me valuable suggestions. Most appreciated! I have several questions but I'll ask only the two I'd most like answers to: 1. In your list of recommended pairs, why is UJ in parentheses? 2. When you say only trade the ASH color change, do you mean the ASH all by itself or when the change comes into agreement with the D1? I'll save my other questions for later. I need to digest what you've suggested a little at a time. Thanks again for your thoughtfulness. Dial 1.
@Dial

Udine has already answered.
In attach the ADR/ATR indi, I look at this one every morning to roughly decide if itīs worth trading a cross or not. UJ and CJ have had "lower ADRs" off late.
As for ASH colour change, answered. Iīve slightly modified the multimeter to sit right under the market panel display meter, not showing any headers.
The H4 trend is your friend, so I would preferably see 3 green or 3 red lights (D1, H4 and H1), before taking the trade.

LuXing
Attached File(s)
File Type: mq4 UFX TREND multiMeter_V2.mq4   10 KB | 862 downloads
File Type: ex4 ADR_ ATR_20_Pairs_v3_Sal.ex4   9 KB | 483 downloads
Wisdom begins in wonder
  • #27,884
  • Mar 17, 2015 2:34am Mar 17, 2015 2:34am
Quoting giulius777
GU to TP. {image}
U entered to early. Should have waited for candle formation
  • #27,885
  • Mar 17, 2015 2:36am Mar 17, 2015 2:36am
I took EJ long, got 5p TP but also took the GU long where I got a S. -5p so far

Cost of the business or did I do smth wrong on the GU trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB
  • #27,886
  • Mar 17, 2015 2:39am Mar 17, 2015 2:39am
FF results:

GU = TS 2.2 pips
EU = TS 1.3 pips
EJ = 5 pips.

As usual, IC Markets slipped me badly on all orders.

EJ Buy Stop @ 128.40 - got filled @ 128.433 = 3.3 pips slippage (see screenshot)

Thx Udine
Attached Image
Less is more...
  • #27,887
  • Mar 17, 2015 2:42am Mar 17, 2015 2:42am
Morn All

I entered EJ, GU, EU.

I got three TS...feeds playing a part this morning.

Attached Image (click to enlarge)
Click to Enlarge Name: 7.00 17 March.jpg Size: 345 KB
  • #27,888
  • Mar 17, 2015 2:44am Mar 17, 2015 2:44am
Quoting rapidedward
{quote} Hi LuXing, I find it difficult to focus on Udine's 4 'mistresses', how do you keep up to date with eleven plus charts? Thank you, Rapid
@Rapidedward
For this system, at any moment I have no more than 12 charts open.
It takes me on avg 3 seconds to see if a trade will come up.

This is done by:

1. simply looking at the UFX trendmeter with H1, D1 settings (add H4 if you want to go with the H4 trend only)
2. if yes/no there is an ASH color change when the M30 candle closes

12 charts * 3 seconds = 36 seconds.

Put the indi in attach on your chart and simply set the time to whatever you need to analyse what you need to analyse.

LuXing
Attached File(s)
File Type: ex4 Candle Close Alarm.ex4   6 KB | 383 downloads
Wisdom begins in wonder
  • #27,889
  • Mar 17, 2015 2:57am Mar 17, 2015 2:57am
Just for your info:


Why the 4 core pairs??


the answer is in the pic.


Attached Image


Udine
Sleep less, live fast, as it aint gonna last
  • #27,890
  • Mar 17, 2015 3:08am Mar 17, 2015 3:08am
So far EU to TS
EA to SL

Dobbsie
  • #27,891
  • Mar 17, 2015 3:09am Mar 17, 2015 3:09am
Good morning and good trading everyone.

Asmodai
  • #27,892
  • Edited 3:26am Mar 17, 2015 3:12am | Edited 3:26am
I find the market very volatile today. Just hitting TS & BE so far!

Attached Image (click to enlarge)
Click to Enlarge Name: 20150317.JPG Size: 144 KB
The problem is not giving offence but taking offence!
  • #27,893
  • Mar 17, 2015 3:14am Mar 17, 2015 3:14am
Quoting pipcruiser
FF results: GU = TS 2.2 pips EU = TS 1.3 pips EJ = 5 pips. As usual, IC Markets slipped me badly on all orders. EJ Buy Stop @ 128.40 - got filled @ 128.433 = 3.3 pips slippage (see screenshot) Thx Udine {image}

Pipcruiser

did yuou realize you traded the EJ near the BOJ press conference ??

Udine
Sleep less, live fast, as it aint gonna last
  • #27,894
  • Mar 17, 2015 3:14am Mar 17, 2015 3:14am
Quoting Udine
{quote} RH, dont complicate matters, all you need: Pairs - EU / GU/ EJ/ GJ timeframe - M30 Indicators - AbsoluteStrengthHistogam M30 and default settings (0/5/4/3/0/1/3) and Mcandles setting 1440 trading hours - Frankfurt open - London close wait for ASH color change to same color as MCandle.. entry on next 50/00 level and TP @ 5 pips thats it.. KISS in its purest form I have been trying to simplify as much as possible, but it seems as most people want to add and add and add stuff.. only creates confusion.., besides with my limited brain capacity...

U. Yup - thanks - had all that set up already - although it was on the M1 chart that I posted and you probably couldn't see it. Never fear back to M30. Will give it a whirl OFC with the discipline that you know I have . I will have to get rid of these bankers and come back to this full time....
  • #27,895
  • Mar 17, 2015 3:22am Mar 17, 2015 3:22am
Quoting rhtrader
{quote} U. Yup - thanks - had all that set up already - although it was on the M1 chart that I posted and you probably couldn't see it. Never fear back to M30. Will give it a whirl OFC with the discipline that you know I have . I will have to get rid of these bankers and come back to this full time....

RH,

I did notice the M1, it was just a perfect excuse for me to resresh the memory of all here

Dont worry you know where to find me when you can get back to fulltime trading

Udine
Sleep less, live fast, as it aint gonna last
  • #27,896
  • Mar 17, 2015 3:27am Mar 17, 2015 3:27am
nice Indicator,
Attached Image (click to enlarge)
Click to Enlarge Name: petroluk-d1-investaz-menkul-degerler.png Size: 65 KB
Attached File(s)
File Type: mq4 PairsPercentChange_mod_snowy.mq4   46 KB | 553 downloads
  • #27,897
  • Mar 17, 2015 3:27am Mar 17, 2015 3:27am
Quoting Udine
{quote} Dial, there is more in this than you have seen so far... There are three levels of entries on the M30, but the Mcandles 1H hs nothing to do with level 1 and 2 here the level 1 and 2 in chart: {image} DONT ASK FOR LEVEL 3.. it will only confuse matters more.. Cheers Udine
Thanks Udine,

I am a bit ... bit ... confused with your entry 2.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 409 KB


The candle is green and all the rest is red. Why do you enter here. Did I miss something ?
  • #27,898
  • Mar 17, 2015 3:31am Mar 17, 2015 3:31am
Quoting Udine
{quote} Pipcruiser did yuou realize you traded the EJ near the BOJ press conference ?? Udine
Yes.

It started 30 mins before and when I saw the bullish momentum on both EU and EJ I decided to take the trade.

PC
Less is more...
  • #27,899
  • Mar 17, 2015 3:33am Mar 17, 2015 3:33am
Quoting totowah
{quote} Thanks Udine, I am a bit ... bit ... confused with your entry 2. {image} The candle is green and all the rest is red. Why do you enter here. Did I miss something ?
Hi Totowah,

when your confused with level 2.. stick to Level 1 entries, so do I

Udine
Sleep less, live fast, as it aint gonna last
  • #27,900
  • Mar 17, 2015 3:34am Mar 17, 2015 3:34am
Quoting Udine
{quote} RH, I did notice the M1, it was just a perfect excuse for me to resresh the memory of all here Dont worry you know where to find me when you can get back to fulltime trading Udine
This is your gig..and a fine one it is too. It needs to stay on track. I promise I will refrain from posting tick or range bar charts - or nice pictures of women
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