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As simple as possible: 00 level trading

  • #28,921
  • Mar 29, 2015 11:11am Mar 29, 2015 11:11am
UdineEA official thread here : http://www.forexfactory.com/showthre...58#post8171858

Hope you enjoy it !
  • #28,922
  • Mar 29, 2015 11:18am Mar 29, 2015 11:18am
Quoting skyline
UdineEA official thread here : http://www.forexfactory.com/showthre...58#post8171858 Hope you enjoy it !
  • #28,923
  • Mar 29, 2015 6:49pm Mar 29, 2015 6:49pm
Quoting Udine
some headwind and start complaining... tsssss watch the chart and what do you see ?? Udine {image}
Hi Udine,

Hope you've had a good weekend.

With reference to Fridays trading (GBPJPY) around the FF and London opens.

gigicualex was expressing his/her frustration after two SL in a row. In the postmortem that followed MosesNMY suggested that 'pricing ranging, and no clear trend involved' To which you agreed.

I don't understand why four bars earlier you took a short (BE) yet when price broke in the same direction you decided not to take the signal.

Looking at the attached chart and the three trades in question:

1. Normal level one entry - New money at the market, reasonable distance from the open take the trade goes to - BE
2. Normal level one entry - Strong rejection (Longwick) BRN DP - High risk - NO TRADE
3. Normal level one entry - Price breaks strongly below DO........???

Why not take this trade?

How about:

The ASH has flip flopped three times in since the FF open?

I looked at the two bar support to the left as a reason not to trade, but in your earlier trade short to BE there was two bar support to the left also.

Is the difference more rejection of the support is visible in the candle structure...longer wicks.

Anyway....not trying to piss you off with details, just trying to understand your thinking.

Rapid

Attached Image
  • #28,924
  • Mar 29, 2015 6:58pm Mar 29, 2015 6:58pm
This what i will be looking at the london open, breakout to the downside of 129.50 and up the 130.00 level this are key levels look for breakout continuation pattern, good see you at the london open see what happen. That may trading plan, simple
Attached Image (click to enlarge)
Click to Enlarge Name: 29 march analisis.png Size: 71 KB
FREEDOM IS NOT FREE
  • #28,925
  • Mar 29, 2015 7:27pm Mar 29, 2015 7:27pm
Greetings from Thailand! (on holiday)

Even on holiday I managed to get this EU to TP on Tokyo open.

Attached Image (click to enlarge)
Click to Enlarge Name: EU TP 1.jpg Size: 72 KB


I'll still be around at the market open times if it is at all possible,,,

Cheers!
Life is like a snickers, its full of nuts!
  • #28,926
  • Mar 29, 2015 8:21pm Mar 29, 2015 8:21pm
Quoting skyline
UdineEA official thread here : http://www.forexfactory.com/showthre...58#post8171858 Hope you enjoy it !
Cheers mate, I'll check this out!

Good work in keeping with the spirit of this thread, you're a gentleman & a scholar
Life is like a snickers, its full of nuts!
  • #28,927
  • Mar 29, 2015 11:51pm Mar 29, 2015 11:51pm
Quoting skyline
{quote} Ty Diallist, too much kind with me One of the reason that let me stay around this thread was your presence here and I was damn right because with your patience and willingness you're providing a big boost helping all of us to better understand not only Udine's strategy but also how to proper approach trading with right mindset. Thank You Dial Skyline
Thank you, skyline, for your kind words, though I consider myself unworthy of such high praise.

All praise in this thread should be directed toward Udine who is the Master & Commander of this thread.

I must admit that I was nagged into checking out this thread by a friend and fellow trader. I have always been a longer term trader, with my trades lasting many hours or even days. I always avoided anything like scalping like the plague because I thought it too risky. But my friend wouldn't leave me alone until I'd at least taken a good honest look at what Udine had to offer. What did I decide? I'm still here aren't I ? <grin>

Finally, skyline, congrats on starting your EA thread. I wish you great success with it and I'll be following your progress.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,928
  • Mar 30, 2015 12:03am Mar 30, 2015 12:03am
@Lurkers

I know you're there. There are about two dozen or so regular posters to this thread. When someone posts an indicator, it usually gets 50 to 100 downloads.
That means a lot of silent followers that take but do not contribute even a single post.

This weekend I spent several hours answering a boatload of PM's asking me questions about Udine's methods. It wasn't until I was finished that I realized that 95% of the folks who PM'd me had never made a single post in this thread.

I regret having spent time answering those lurker PM's. I wont do that again. From now on, I'll only answer PM's from those who I recognize as regular posters in this thread.

So, lurkers, it is obvious you have questions, evidenced by your PM's to me. Don't be afraid to post those questions here. Just be sure to have read the first few pages of the thread first please. Thanks.

Any future PM's from lurkers will either be ignored or I'll point them to this post, depending on the mood I'm in.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,929
  • Mar 30, 2015 12:55am Mar 30, 2015 12:55am
"sok it to em ,sok it to em ,sok it to em "
Whats That? you're trading What?
  • #28,930
  • Mar 30, 2015 1:38am Mar 30, 2015 1:38am
Quoting firewight
Greetings from Thailand! (on holiday) Even on holiday I managed to get this EU to TP on Tokyo open. {image} I'll still be around at the market open times if it is at all possible,,, Cheers!


Nice ! Enjoy your holidays !

LuXing
Wisdom begins in wonder
  • #28,931
  • Mar 30, 2015 1:51am Mar 30, 2015 1:51am
Quoting rapidedward
{quote} Hi Udine, Hope you've had a good weekend. With reference to Fridays trading (GBPJPY) around the FF and London opens. gigicualex was expressing his/her frustration after two SL in a row. In the postmortem that followed MosesNMY suggested that 'pricing ranging, and no clear trend involved' To which you agreed. I don't understand why four bars earlier you took a short (BE) yet when price broke in the same direction you decided not to take the signal. Looking at the attached chart and the three trades in question: 1. Normal level one entry -...

Rapid,

not a bad question at all..

I took the first (new money flowing into the market), but the others not, as it was moving above and below the DO... ( I call that pissing around the DO) which means no clear direction and no direction = no trend = no trade

Udine

no clear direction
Sleep less, live fast, as it aint gonna last
  • #28,932
  • Mar 30, 2015 1:54am Mar 30, 2015 1:54am
Quoting firewight
Greetings from Thailand! (on holiday) Even on holiday I managed to get this EU to TP on Tokyo open. {image} I'll still be around at the market open times if it is at all possible,,, Cheers!
Fire,

hope its on a live account so it can pay for a nice Thai dinner...

keep doing that and you can stay on holiday for the rest of your life

Udine
Sleep less, live fast, as it aint gonna last
  • #28,933
  • Mar 30, 2015 2:04am Mar 30, 2015 2:04am
First of the week with a bang...
Attached Image
  • #28,934
  • Mar 30, 2015 2:04am Mar 30, 2015 2:04am
Buenos días familia,

Trade #1 o/t day: EURUSD to TP (not a level one entry, just a pip or 2 missing before ASH changed to red).

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB
Wisdom begins in wonder
  • #28,935
  • Mar 30, 2015 2:06am Mar 30, 2015 2:06am
Quoting Udine
... ( I call that pissing around the DO) which means no clear direction and no direction = no trend = no trade Udine no clear direction
  • #28,936
  • Mar 30, 2015 2:13am Mar 30, 2015 2:13am
Quoting LuXing
Buenos das familia, Trade #1 o/t day: EURUSD to TP (not a level one entry, just a pip or 2 missing before ASH changed to red). LuXing {image}
I saw these in play but alas I've given myself strict rules to only follow L1 entries at least whilst on holiday.

Should be a good experiment actually!
Life is like a snickers, its full of nuts!
  • #28,937
  • Mar 30, 2015 2:15am Mar 30, 2015 2:15am
Quoting Udine
{quote} Fire, hope its on a live account so it can pay for a nice Thai dinner... keep doing that and you can stay on holiday for the rest of your life Udine
hahaha unfortunately no I'm still on demo, but I feel like I'm getting closer to being more confident, and will switch to my live account very very soon!

No need for extra cash here, thai meals are cheap as chips in Thailand!

Come and join me hahaha
Life is like a snickers, its full of nuts!
  • #28,938
  • Mar 30, 2015 2:17am Mar 30, 2015 2:17am
Hi All.

Candle was long and big, will u still enter next candle open?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 40 KB
Click to Enlarge Name: EURUSDM30.png Size: 38 KB
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  • #28,939
  • Mar 30, 2015 2:18am Mar 30, 2015 2:18am
Quoting firewight
{quote} I saw these in play but alas I've given myself strict rules to only follow L1 entries at least whilst on holiday. Should be a good experiment actually!
You are right firewight, there will be others. I initially placed the pending one level lower, just before candle close.
Then thought, nah, don´t like what I see when looking left...

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-3-30-EURUSD-9300-Sell.png Size: 73 KB
Wisdom begins in wonder
  • #28,940
  • Mar 30, 2015 2:19am Mar 30, 2015 2:19am
If you see my post from yesterday last night, eur jpy analysis, you will understand my entry, it was a pending order at 129.45, since the only pair i trade is my wife and we been married for 3 month now, i now that that level is very important once it breaks it it will run some pips and i only need five.
Attached Image (click to enlarge)
Click to Enlarge Name: 30 march 2015.png Size: 99 KB
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