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As simple as possible: 00 level trading

  • #28,161
  • Mar 19, 2015 5:11pm Mar 19, 2015 5:11pm
Hi Udine,

to not disturb your thread, in http://www.forexfactory.com/showthread.php?t=531845 I will post a few indicators for manual trading, which are meant for me...
If you or other active members have suggestions, please post your ideas.

Many thanks.
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  • #28,162
  • Edited Mar 20, 2015 2:21am Mar 19, 2015 5:34pm | Edited Mar 20, 2015 2:21am
Quoting LFN
{quote} Are the rule 3 Frankfurt dropped recently?
As far as I know that rule still exists.

3. Frankfurt open only .400/.500/.600 levels

But I have never understood that restriction so to be honest I havent been following that one myself...

I'd like to know why that rule was implemented, perhaps that will lead to my trading epiphany!
Life is like a snickers, its full of nuts!
  • #28,163
  • Mar 19, 2015 5:36pm Mar 19, 2015 5:36pm
Quoting firewight
{quote} Nice work mate! I notice some of your entries are pretty far from the candle open level, were you waiting before you placed the trades?
Yes, as Udine pointed out, I placed the entries above High, below Low as (I think) RobinHo is doing, just for testing. I guess I figure if it breaks that, it's going to keep going, but if the signal candle has a long (on top) I'm reluctant to buy into that. If Udine doesn't want me to post these rule violations, that's ok, I'll just post them over in my commercial thread.
  • #28,164
  • Mar 19, 2015 6:27pm Mar 19, 2015 6:27pm
Quoting ericjschroed
{quote} Yes, as Udine pointed out, I placed the entries above High, below Low as (I think) RobinHo is doing, just for testing. I guess I figure if it breaks that, it's going to keep going, but if the signal candle has a long (on top) I'm reluctant to buy into that. If Udine doesn't want me to post these rule violations, that's ok, I'll just post them over in my commercial thread.
I dont think anyone is complaining, just wondering why.
Life is like a snickers, its full of nuts!
  • #28,165
  • Mar 19, 2015 7:40pm Mar 19, 2015 7:40pm
Quoting Udine
{quote} GU trade not good either and change the settings of the AbsoluteStrengthHistogram, they are wrong cheers Udine
Udine... or anyone, can you post the right settings of absolute strength histogram.

thanks.
  • #28,166
  • Edited 9:15pm Mar 19, 2015 8:53pm | Edited 9:15pm
Quoting NewToForex14
{quote} Udine... or anyone, can you post the right settings of absolute strength histogram. thanks.
Udine posted them between posts 20700 and 20900.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,167
  • Mar 19, 2015 9:06pm Mar 19, 2015 9:06pm
I have some advice for a few here.

I've only been reading and doing a few trades on demo acct for about a week. After setting up the charts I had questions that I thought I didn't have prior to setting charts and after reading posts. So I read posts again and found a few things I found unimportant the first time through had magicly became relevant. I then continue on thinking I'm all up to speed, ready to go and I have another doubt. I search and read and skip page after page for an answer with no luck. I go to bed and with the system on my mind I quickly unplug the charger to my phone, pull the sheet over my head to not wake the wife (who disapproves of my forex investing, but I'll show her, boy will I show her......) and find my answer hiding neatly tucked in a .doc file nested with a chart and step by step guide telling me what to do.

Not saying don't ask questions, that is the easiest way to get an answer but chances are if you have a question today you'll have another one again soon. Why not just read the forum again and if that doesn't work then ask. You will be more familiar with the system that you are trusting your money to.

Learning to do something is better than just following directions. Are you trading for fun? I'm not. Invest more than money put the time in and study not just read. Take notes, read them over and over.

That's it.

I just realized I'm not even a member yet, I bet those who really should heed my advice will never see it.
Maybe soon I'll be a full fledged member and can post in real time.

Thanks Udine for sharing.
  • #28,168
  • Mar 19, 2015 9:28pm Mar 19, 2015 9:28pm
Quoting Robinho
As my publication of post 27364, continue on my goal. Stop 20 pips TP 05 pips (leave disabled Wukar and try to get more pips) Many thanks to all friends, especially to our friend UDINE. I'm doing this way because I have to get the 10K account, I apologize to Udine by not following the path 100%. Kindness generates Kindness {image}
Hi Robinho,

I'm interested to know how many trades hit your 20 pip stop.

I know your total days trades are in the green, but how many trades actually go bad, and how many good trades are required to earn back that 20 pip stop?

just interested. Cheers!
Life is like a snickers, its full of nuts!
  • #28,169
  • Mar 19, 2015 9:31pm Mar 19, 2015 9:31pm
Tokyo 6.10%

I go to sleep, opening in London, will be back
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  • #28,170
  • Edited Mar 20, 2015 1:05am Mar 19, 2015 9:46pm | Edited Mar 20, 2015 1:05am
Quoting SEfx
I have some advice for a few here. I've only been reading and doing a few trades on demo acct for about a week. After setting up the charts I had questions that I thought I didn't have prior to setting charts and after reading posts. So I read posts again and found a few things I found unimportant the first time through had magicly became relevant. I then continue on thinking I'm all up to speed, ready to go and I have another doubt. I search and read and skip page after page for an answer with no luck. I go to bed and with the system on my mind...
Hey there SEfx! Didn't I see a lot of good posts from you early in this thread but then it looked like account was disabled.
Was that you? If so then welcome back.

If the gist of your post is to encourage people to put in their own self effort in learning the system then I applaud you at least that's the meaning I got out of it.

If I may ask a personal question, how far do you live from Greensboro North Carolina? PM me if you don't want to answer here in the forum. I'm in NC too.

EDIT: I may have you confused with flx69. If so, apologies. But I would still like to know if you're close to Greensboro if that's okay. Maybe we could meet for lunch or a beverage to chat about this marvelous gift that Udine has given us.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,171
  • Mar 19, 2015 9:56pm Mar 19, 2015 9:56pm
Quoting Forest-Sea
{quote} Seems obvious now that I read your thoughts . . . but I did not think of this sooner. So THANKS. Could be useful in conjunction with the ASH and rules. Will try it out. FS
Sometimes NZD/JPY moves pretty well. Nice trend up during Tokyo open today. I haven't been watching Asian session, but should since I live in this area . . .
  • #28,172
  • Mar 19, 2015 10:12pm Mar 19, 2015 10:12pm
Quoting ericjschroed
{quote} Correct.
Thank you Eric. The information you provided has enabled me to visualize what happens on a chart and I find it very valuable. Thank you again very much!

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,173
  • Mar 19, 2015 11:08pm Mar 19, 2015 11:08pm
@Robinho,

My apologies for requesting more information to further my understanding on how you are selecting what pairs to trade. I know you have explained this somewhat before, but I believe there is something lost in translation, because I have read through your posts many times but I am still not 100% sure.

Please allow me to give an example below.

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Can you confirm that this is how you are selecting pairs to trade, and then follow Udines 00 method for entries with your modified SL of 20 pips, and no fixed TP in an attempt to let the winning trades run.

Thank you.
Life is like a snickers, its full of nuts!
  • #28,174
  • Mar 19, 2015 11:54pm Mar 19, 2015 11:54pm
Quoting ericjschroed
{quote} Yes, as Udine pointed out, I placed the entries above High, below Low as (I think) RobinHo is doing, just for testing. I guess I figure if it breaks that, it's going to keep going, but if the signal candle has a long (on top) I'm reluctant to buy into that. If Udine doesn't want me to post these rule violations, that's ok, I'll just post them over in my commercial thread.

Hi Eric,

no problem you can continue posting here.. Wanted just to be sure you traded slightly different than the rules

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #28,175
  • Mar 20, 2015 2:07am Mar 20, 2015 2:07am
Buenos días familia,

Trade #1 o/t day:

EURCAD to TP.

LuXing
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Wisdom begins in wonder
  • #28,176
  • Mar 20, 2015 2:19am Mar 20, 2015 2:19am
GU to TP.
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  • #28,177
  • Mar 20, 2015 2:24am Mar 20, 2015 2:24am
Quoting cycle
GU to TP. {image}
Nice one mate!

My frikken broker stalled @ the FF open & I missed the colour change when it rolled past the DO
Life is like a snickers, its full of nuts!
  • #28,178
  • Mar 20, 2015 2:26am Mar 20, 2015 2:26am
Quoting firewight
@Robinho, My apologies for requesting more information to further my understanding on how you are selecting what pairs to trade. I know you have explained this somewhat before, but I believe there is something lost in translation, because I have read through your posts many times but I am still not 100% sure. Please allow me to give an example below. {image} Can you confirm that this is how you are selecting pairs to trade, and then follow Udines 00 method for entries with your modified SL of 20 pips, and no fixed TP in an attempt to let the winning...
that's perfect ...

during trade always has a currency that stays long last in the table. It is to be patient and wait.
  • #28,179
  • Mar 20, 2015 3:05am Mar 20, 2015 3:05am
Quoting firewight
{quote} Nice one mate! My frikken broker stalled @ the FF open & I missed the colour change when it rolled past the DO
Thanks firewight. My broker also stalling data too frequently from last week. I have to rescan the servers before data comes again.
  • #28,180
  • Mar 20, 2015 3:15am Mar 20, 2015 3:15am
Quoting cycle
{quote} Thanks firewight. My broker also stalling data too frequently from last week. I have to rescan the servers before data comes again.
Yes very frustrating, and it only seems to do it on the critical market open times as well!
Life is like a snickers, its full of nuts!
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