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As simple as possible: 00 level trading

  • #28,521
  • Mar 24, 2015 9:32pm Mar 24, 2015 9:32pm
Quoting genie
{quote} I'm not Udine but let me add my opinion. 1) Makes sense. We are looking for momentum, and if it takes more than one candle to break the open of retrace candle, then logically we can say momentum is not strong enough. 2) I think this point is too much. While it makes sense, if you need to monitor ASH for color changes DURING the candle, then wouldn't you then do the same for all other entries (level 1 to 4)? Just my thoughts. Let's see what Udine thinks.
I don't think so because for L1, L3 & L4 entries, the ASH is checked at the close of the candle, whereas the L2 candle is still active when the trade triggers. I suppose it could be enough to say as long as the ASH was the right color just before the trade was triggered, then it would count. But, I'm not sure. I too would like to hear Udine's take as I know he tests the dickens out of everything before he uses it.

Good thoughts genie... it's nice when you crawl out of your bottle. <grin>
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,522
  • Mar 24, 2015 10:26pm Mar 24, 2015 10:26pm
Quoting parsifalfx
have a look at the experts tab - you need the indicator Formula_2.ex4, found at http://www.forexfactory.com/showthread.php?t=123284 {file}
You are right,Thank you .
  • #28,523
  • Mar 24, 2015 10:51pm Mar 24, 2015 10:51pm
Quoting LFN
{quote} Hi Nasap, are theese pairs still the best? Do you have any updated stats of the pairs performance? {image}
Yes, all 4 pairs are still on the top but I am a bit more focused now on the pairs I suggested already (AU, AJ, EU, EJ, GU, GJ, NU, NJ). If this will not work anymore (market conditions may change from time to time) I have to adjust.

nasap
The little nut in your head is called brain. Use it!
  • #28,524
  • Mar 24, 2015 10:54pm Mar 24, 2015 10:54pm
Quoting Robinho
NZDUSD and NZDJPY in Sync ... and more force for NZDUSD +5 NZDJPY + 5 {image} {image}
Happy to see it works for you! You're doing a great job.


nasap
The little nut in your head is called brain. Use it!
  • #28,525
  • Mar 24, 2015 11:58pm Mar 24, 2015 11:58pm
Quoting diallist
Yesterday, I was asked for clarification of L2 entries. This is how I am doing them. Udine, please correct me if I'm wrong. 1. The continuation candle, MUST be the candle immediately following the retrace candle. If it takes more than one candle to break the open of the retrace candle, then momentum is not strong enough for an L2 entry. 2. If the ASH changes color at any time, even if only briefly, during either the retrace candle or the continuation candle, an L2 entry is off the table. This is because if the ASH can flicker to the other color,...


Udine
Sleep less, live fast, as it aint gonna last
  • #28,526
  • Mar 25, 2015 2:11am Mar 25, 2015 2:11am
You just can't trust those dudes in Frankfurt

Attached Image (click to enlarge)
Click to Enlarge Name: FF1.jpg Size: 192 KB


Nearly got me on the EJ short.

Rapid
  • #28,527
  • Mar 25, 2015 2:19am Mar 25, 2015 2:19am
good morning guys, girls,

can we keep this please KISS???

IMHO it is getting out of hand

Udine
Sleep less, live fast, as it aint gonna last
  • #28,528
  • Mar 25, 2015 2:24am Mar 25, 2015 2:24am
Quoting Udine
good morning guys, girls, can we keep this please KISS??? IMHO it is getting out of hand Udine
OK
  • #28,529
  • Mar 25, 2015 2:34am Mar 25, 2015 2:34am
Quoting parsifalfx
have a look at the experts tab - you need the indicator Formula_2.ex4, found at http://www.forexfactory.com/showthread.php?t=123284 {file}
Thank you!

I had the same problem (indi not updating) but even without any prefix - my pairs looks like EURUSD But now it works!

Stay positive Multimillion
"All will be correctly, in this world is built" - The Master and Margarita
  • #28,530
  • Mar 25, 2015 2:35am Mar 25, 2015 2:35am
GU +5 first trade win
  • #28,531
  • Mar 25, 2015 2:42am Mar 25, 2015 2:42am
Sorry but I really dont get it...

all you need to do is watch 4 pairs EU / GU / EJ / GJ

to get 2 % a day...

why it happens to all threads to complicate matters I dont get it... really I dont..

What is so difficult to find this trade??

GU to TP

one down only one to go..

what is so damn complicated about this??

It must be the greed factor and the lack of patience... cannot think of anything else

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #28,532
  • Mar 25, 2015 2:43am Mar 25, 2015 2:43am
GU +5
GJ -10

Rapid
  • #28,533
  • Mar 25, 2015 2:45am Mar 25, 2015 2:45am
Quoting Udine
Sorry but I really dont get it... all you need to do is watch 4 pairs EU / GU / EJ / GJ to get 2 % a day... why it happens to all threads to complicate matters I dont get it... really I dont.. What is so difficult to find this trade?? GU to TP one down only one to go.. what is so damn complicated about this?? It must be the greed factor and the lack of patience... cannot think of anything else Udine {image}
You avoided GJ to SL...BRN?

Thanks,
Rapid
  • #28,534
  • Mar 25, 2015 2:45am Mar 25, 2015 2:45am
Good morning, friends.

There are times when the market is a tug of war.

have stronger EUR and GBP to USD and JPY
we AUD and NZD weaker than USD, JPY

The best market for inputs are when:

Group 01: EUR, GBP, AUD, NZD, CHF and CAD going in the same direction

Group 02 USD and JPY going in the same direction.

When are heading toward opposite these group ... you name it and the weakest pair or the strongest pair.

When that happens, no sync, this creates difficulty in operations.
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  • #28,535
  • Mar 25, 2015 2:46am Mar 25, 2015 2:46am
ROFLMAO
Whats That? you're trading What?
  • #28,536
  • Mar 25, 2015 2:50am Mar 25, 2015 2:50am
to give you an idea of account growth:

1K with 1% compounding a day results in 1 million in 35 months

1K with 2% compounding a day results in 1 million in 18 months

and dont start a discussion about its all theory... I know that all too well, but you think lack of patience and greed will get you there faster ???

think about where you were 3 years ago and where you might be 3 years from today

Udine
Sleep less, live fast, as it aint gonna last
  • #28,537
  • Mar 25, 2015 2:52am Mar 25, 2015 2:52am
Quoting rapidedward
{quote} You avoided GJ to SL...BRN? Thanks, Rapid

GJ is not a level 1 entry

Udine
Sleep less, live fast, as it aint gonna last
  • #28,538
  • Mar 25, 2015 2:55am Mar 25, 2015 2:55am
Quoting Udine
Sorry but I really dont get it... all you need to do is watch 4 pairs EU / GU / EJ / GJ to get 2 % a day... why it happens to all threads to complicate matters I dont get it... really I dont.. What is so difficult to find this trade?? GU to TP one down only one to go.. what is so damn complicated about this?? It must be the greed factor and the lack of patience... cannot think of anything else Udine {image}
Also got that GU to TP and did not take GJ, good thing i didnt.

As any new trader, right now i'm fighting with myself to not had more pairs or use bigger TPs. It really is all in your head.

Discipline. Discipline. An everyday fight i think i'm winning now.

Asmodai
  • #28,539
  • Mar 25, 2015 2:57am Mar 25, 2015 2:57am
Quoting Udine
{quote} GJ is not a level 1 entry Udine
Thought it looked good...maybe late?

Attached Image (click to enlarge)
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Thanks,
Rapid
  • #28,540
  • Mar 25, 2015 2:59am Mar 25, 2015 2:59am
Quoting Asmodai
{quote} Also got that GU to TP and did not take GJ, good thing i didnt. As any new trader, right now i'm fighting with myself to not had more pairs or use bigger TPs. It really is all in your head. Discipline. Discipline. An everyday fight i think i'm winning now. Asmodai

well done!!

besides more pairs means less focus... means higher risk of taking less than perfect trades... means higher risk of loss

but hey thats only MHO..

Udine
Sleep less, live fast, as it aint gonna last
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