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As simple as possible: 00 level trading

  • #28,361
  • Mar 23, 2015 6:22am Mar 23, 2015 6:22am
Quoting Udine
{quote} the answer: Level 1: ash color change to Mcandle color Level 2: candle color change to same color ash & mcandles Level 3: continuation of the 2nd 30M candle during the 1H and 1H Mcandle color = ash & daily Mcandle Level 4: hourly breakout Here in the chart {image} Now dont start discussing the levels in detail... its all on there.. you decide for yourself, what you trade... the higher the level, the higher the risk... its up to you.. and if you dont understand, dont start asking, the answers are all in the chart!! Now lets see if the questions...
And there it is again..... all very simple and clear.

Udine.... Thank so very much.

Asmodai
  • #28,362
  • Mar 23, 2015 6:25am Mar 23, 2015 6:25am
Quoting Udine
{quote} the answer: Level 1: ash color change to Mcandle color Level 2: candle color change to same color ash & mcandles Level 3: continuation of the 2nd 30M candle during the 1H and 1H Mcandle color = ash & daily Mcandle Level 4: hourly breakout Here in the chart {image} Now dont start discussing the levels in detail... its all on there.. you decide for yourself, what you trade... the higher the level, the higher the risk... its up to you.. and if you dont understand, dont start asking, the answers are all in the chart!! Now lets see if the questions...
L2 entry answered! (my initial assumption was incorrect)

Cheers mate!
Life is like a snickers, its full of nuts!
  • #28,363
  • Mar 23, 2015 6:25am Mar 23, 2015 6:25am
Quoting Udine
{quote} the answer: Level 1: ash color change to Mcandle color Level 2: candle color change to same color ash & mcandles Level 3: continuation of the 2nd 30M candle during the 1H and 1H Mcandle color = ash & daily Mcandle Level 4: hourly breakout Here in the chart {image} Now dont start discussing the levels in detail... its all on there.. you decide for yourself, what you trade... the higher the level, the higher the risk... its up to you.. and if you dont understand, dont start asking, the answers are all in the chart!! Now lets see if the questions...
Thanks Udine, it's there, i see correct level 2 entry in your picture. (it's not red or green, but light blue )
Persistence will get it. Consistency will keep it.
  • #28,364
  • Mar 23, 2015 6:27am Mar 23, 2015 6:27am
Quoting Chake
{quote} Thanks Udine, it's there, i see correct level 2 entry in your picture. (it's not red or green, but light blue )

the light blue squares are the entry and exit (5 pips)

Udine
Sleep less, live fast, as it aint gonna last
  • #28,365
  • Mar 23, 2015 6:28am Mar 23, 2015 6:28am
Quoting Udine
{quote} the answer: Level 1: ash color change to Mcandle color Level 2: candle color change to same color ash & mcandles Level 3: continuation of the 2nd 30M candle during the 1H and 1H Mcandle color = ash & daily Mcandle Level 4: hourly breakout Here in the chart {image} Now dont start discussing the levels in detail... its all on there.. you decide for yourself, what you trade... the higher the level, the higher the risk... its up to you.. and if you dont understand, dont start asking, the answers are all in the chart!! Now lets see if the questions...
Thanks Mr. Udine, clear like crystal.

Numberman
  • #28,366
  • Mar 23, 2015 6:31am Mar 23, 2015 6:31am
Quoting firewight
{quote} L2 entry answered! (my initial assumption was incorrect) Cheers mate!
If you look at the first or second post of Udine about the 30m method, there is a pic there of a level 2 entry, and you'll see he enters at the level after engulfing the previous candle.

Asmodai
  • #28,367
  • Mar 23, 2015 6:37am Mar 23, 2015 6:37am
Quoting Asmodai
{quote} If you look at the first or second post of Udine about the 30m method, there is a pic there of a level 2 entry, and you'll see he enters at the level after engulfing the previous candle. Asmodai

its simple really, with regards to the EU chart with the levels

level 2 entry..

the green candle..

as we are below the DO, we only look for shorts, but we need momentum... so your entry must be the next 50/00 level below that green candle... as we might expect that when it reaches lower the momentum could be there to push a little further to get those 5 pips..

if you take the first level after the close of the candle you are not really sure that momentum is there..

Udine
Sleep less, live fast, as it aint gonna last
  • #28,368
  • Mar 23, 2015 6:47am Mar 23, 2015 6:47am
now, what about the 30M EURUSD chart of this morning...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_4.jpg Size: 162 KB


the numbers in the chart correspond to the levels..

BTW disregard the normal rules for a moment, just use this as an example

How many charts do you need to watch to reach your daily target ??

Udine
Sleep less, live fast, as it aint gonna last
  • #28,369
  • Mar 23, 2015 6:47am Mar 23, 2015 6:47am
Quoting Udine
{quote} the answer: Level 1: ash color change to Mcandle color Level 2: candle color change to same color ash & mcandles Level 3: continuation of the 2nd 30M candle during the 1H and 1H Mcandle color = ash & daily Mcandle Level 4: hourly breakout Here in the chart {image} Now dont start discussing the levels in detail... its all on there.. you decide for yourself, what you trade... the higher the level, the higher the risk... its up to you.. and if you dont understand, dont start asking, the answers are all in the chart!! Now lets see if the questions...
Thanks
Time always comes before price
  • #28,370
  • Mar 23, 2015 6:48am Mar 23, 2015 6:48am
Quoting diallist
{quote} Wow, both my guesses at the pronunciation were wrong. Thanks Udine. Now, if I can just figure out the correct Italian hand gesture to use with that, I'll be all set! <grin> Dial

Dial,

still working on that myself, as I am not Italian

Udine
Sleep less, live fast, as it aint gonna last
  • #28,371
  • Mar 23, 2015 6:51am Mar 23, 2015 6:51am
Got a print of Udine's post ready to take to work and study during my brakes.

Will study that until i know it in my sleep... not that i sleep that much .

Had a 14 hour work day yesterday, followed by 4 hous of sleep, a few hours here and off to work again.

Asmodai
  • #28,372
  • Mar 23, 2015 7:04am Mar 23, 2015 7:04am
GJ to tp +5 first trade win
  • #28,373
  • Mar 23, 2015 7:09am Mar 23, 2015 7:09am
GJ +5
trade was over in 2 mins
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 80 KB
  • #28,374
  • Mar 23, 2015 7:19am Mar 23, 2015 7:19am
Quoting msdogan
I couldnt find any setup today for EU GU EJ GJ on Europe session according to m30. Do i miss some rules for entry ?
Strictly on GJ, EJ, when they have run 100 pips during Asia..... tricky.... My plan for the day is scalper mode.

Until the 1430 GJ candle, positions were just purely L2 entries rejecting intra-day prices. Then exit at candle close.
Attached Image (click to enlarge)
Click to Enlarge Name: 032315 running.png Size: 60 KB
  • #28,375
  • Mar 23, 2015 7:22am Mar 23, 2015 7:22am
Quoting Udine
{quote} its simple really, with regards to the EU chart with the levels level 2 entry.. the green candle.. as we are below the DO, we only look for shorts, but we need momentum... so your entry must be the next 50/00 level below that green candle... as we might expect that when it reaches lower the momentum could be there to push a little further to get those 5 pips.. if you take the first level after the close of the candle you are not really sure that momentum is there.. Udine
Udine, apologies for being obtuse, but regarding the red highlight above, should the entry be below the OPEN of the green candle, or below its LOW? In other words, below the green candles body only, or below the entire green candle including its lower wick?

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,376
  • Mar 23, 2015 7:22am Mar 23, 2015 7:22am
Quoting genie
GJ +5 trade was over in 2 mins {image}
Good work mate!

My indicators dont line up like yours though...
Life is like a snickers, its full of nuts!
  • #28,377
  • Mar 23, 2015 7:26am Mar 23, 2015 7:26am
Quoting Udine
{quote} the answer: Level 1: ash color change to Mcandle color Level 2: candle color change to same color ash & mcandles Level 3: continuation of the 2nd 30M candle during the 1H and 1H Mcandle color = ash & daily Mcandle Level 4: hourly breakout Here in the chart {image} Now dont start discussing the levels in detail... its all on there.. you decide for yourself, what you trade... the higher the level, the higher the risk... its up to you.. and if you dont understand, dont start asking, the answers are all in the chart!! Now lets see if the questions...
  • #28,378
  • Mar 23, 2015 7:29am Mar 23, 2015 7:29am
Quoting diallist
{quote} Udine, apologies for being obtuse, but regarding the red highlight above, should the entry be below the OPEN of the green candle, or below its LOW? In other words, below the green candles body only, or below the entire green candle including its lower wick? Dial

green body!!

Udine
Sleep less, live fast, as it aint gonna last
  • #28,379
  • Mar 23, 2015 7:36am Mar 23, 2015 7:36am
Quoting firewight
{quote} Good work mate! My indicators dont line up like yours though...
thanks bud. mind showing how your indicators are atm?
  • #28,380
  • Mar 23, 2015 7:45am Mar 23, 2015 7:45am
Quoting genie
{quote} thanks bud. mind showing how your indicators are atm?
Actually they do line up, my indicators are just in reverse to yours, but the trade itself would have been the same!

My apologies, I spoke too soon!

Attached Image (click to enlarge)
Click to Enlarge Name: reverse indis.jpg Size: 344 KB
Life is like a snickers, its full of nuts!
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