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As simple as possible: 00 level trading

  • #29,161
  • Apr 2, 2015 4:02am Apr 2, 2015 4:02am
Quoting LuXing
{quote} @Cycle Good it worked ! Remember what the old wise man with the white beard said ? "Look for reasons not to take a trade". Reasons for me not to: Candle crossed the Daily Open, not a big fan of that Candle did not manage to close above DO Didnt like the values of GBP vs JPY strength I saw in my currency strength meter LuXing
Well, then my charts are showing a different DO (177.4820), with previous candle close above DO.
Both GU and UJ were moving up. I rate this more than strength meter.

So each to his/her own interpretations.
  • #29,162
  • Apr 2, 2015 4:16am Apr 2, 2015 4:16am
AUDUSD +5
Entered cautiously because market was approaching prior support. AUDJPY in sync and selling off. Strength meter was also strong.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 203 KB
"Amat Victoria Curam" Victory Loves Preparation
  • #29,163
  • Apr 2, 2015 4:18am Apr 2, 2015 4:18am
AU short guided by strength meter. Note the momentum by positive slippage at close of trade. Intervening S1 pivot ignored.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30.png Size: 73 KB
  • #29,164
  • Apr 2, 2015 4:50am Apr 2, 2015 4:50am
Quoting Vlad13685
{quote} Here, added an alert to this one... Let me know if it works your side? Vlad {file}
Thanks Vlad. Your indi alerted me for all of my trades today.

Can it also take Daily Open as additional variable?
  • #29,165
  • Apr 2, 2015 4:53am Apr 2, 2015 4:53am
Quoting cycle
{quote} Thanks Vlad. Your indi alerted me for all of my trades today. Can it also take Daily Open as additional variable?
I am a lousy programmer, but inserting this somewhere in the alert conditions might work.
Trying myself as we speak.

if(Close[0]>iOpen(Symbol(),PERIOD_D1,0)

LuXing
Wisdom begins in wonder
  • #29,166
  • Apr 2, 2015 5:35am Apr 2, 2015 5:35am
GBP to TP +5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 124 KB
"Amat Victoria Curam" Victory Loves Preparation
  • #29,167
  • Apr 2, 2015 6:02am Apr 2, 2015 6:02am
Quoting daytrade5
GBP to TP +5 {image}



Took the same, using my "shiny new ECN broker".
Got a nice slippage present of 1.9...

LuXing
Wisdom begins in wonder
  • #29,168
  • Apr 2, 2015 6:26am Apr 2, 2015 6:26am
Quoting cycle
{quote} Thanks Vlad. Your indi alerted me for all of my trades today. Can it also take Daily Open as additional variable?
Yes sure thing Cycle, I'll add it in when I get home from work later.

Vlad
  • #29,169
  • Apr 2, 2015 6:33am Apr 2, 2015 6:33am
Quoting LuXing
{quote} I am a lousy programmer, but inserting this somewhere in the alert conditions might work. Trying myself as we speak. if(Close[0]>iOpen(Symbol(),PERIOD_D1,0) LuXing
Thanks. Seems to be working fine.
  • #29,170
  • Apr 2, 2015 6:40am Apr 2, 2015 6:40am
Quoting cycle
{quote} Thanks. Seems to be working fine.


One step closer to "the oracle".

LuXing
Wisdom begins in wonder
  • #29,171
  • Apr 2, 2015 8:48am Apr 2, 2015 8:48am
Quoting LuXing
{quote} Not by the rules ? Youre absolutely right !!! The rules clearly stipulate no trades on the pair affected, which clearly wasnt the case here. Now, lets reason You set up a business, called Thanks Udine, Me Spinoff Too On Your Sytem Ltd. Company. Working capital required: 50K. Thats not that much in Europe or the US, considering the capital required for any sort of franchise. Mission: on average, but consistently grab 5-10 green pips on a daily basis. Daily Target: 2% -/- comms & spread, lets round off the numbers and say 1.5% = OTE 750 /...


One of the best posts I have read. Thanks LuXing!

I would also like to take the opportunity to bring out the essence of this thread. After 29,000 odd posts lets step back for a moment and revisit Udine's 1st post. After reading through all the "get ins and how to get outs" and the rules (day to day machining operations), lets not forget what Udine really wanted all of us to get out of this...Discipline! and Udine may add PFBCC.

Just somewhere along the way, I did feel that the thread was getting more focused on the mechanics rather than the essence. That...."Look I got it and you did not feeling"...and so we look at a crutch to help us stand back on our feet....aka hall of famers like Jibala, nasap, Mastermind, etc...In the mean time these disciplinarians have graduated from 2% a day to 28% or 29% a day. So now the crutch has become a wheel chair....That, my friends, is greed! What the hall of famers have done is to use the system to their advantage. Its all good for them as they have managed to create a "spin off" so to speak. The problem for most people though is consistency that works for us!! As a consequence we end up neither here nor there. These hall of famers have been really patient with all of us and I salute them in all sincerity. What most forget is literally...."TO TAKE CARE OF THEIR OWN BUSINESS"

To me the first post is all about starting your own business with limited capital. Step 2, we need to make it grow. How? PDFBCC. Has the majority ever wondered why Udine, the master himself, has not gone out on a limb to make that 28-29%? Thats because this farmer knows what he wants out of his crop!

Cheers to this thread and to LuXing for bringing out something very interesting....I have my plan. Do you?
  • #29,172
  • Apr 2, 2015 10:01am Apr 2, 2015 10:01am
I've found an intersting indi called Daily Range extenderV2 with the mai aim to show the daily range also in the past.
Compared to the Market Panel display Controller it shows different values .
Could someone explain to me the differences and how to adjust in order to have the correct values of room up and down ?

Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 55 KB
Attached File(s)
File Type: mq4 Daily Range ExtendedV2.mq4   7 KB | 291 downloads
  • #29,173
  • Apr 2, 2015 11:44am Apr 2, 2015 11:44am
Ending my trading day and probably will not open orders tomorrow either, so this is my results for this week:
total trades: 16
pairs: EU EJ GJ GU
trades lvl 1/3/4 (not sure why but I feel no confortable with LVL2)
5% risk on LVL1 trades, 2%risk on LVL3/4 trades
Win trades: 11
Lost trades: 5
Total: -2.7% ROI

now the important part, on the 5 lost trades, only one was correct by the rules, the other 4 were mistakes (against pivot/ opening too early instead waiting candle to close or at least be on :29|:59 / went on second lvl50/00 instead the first one and one)

So i'm very happy with the results, if I had no mistakes (not fallowing rules) I would be with a very positive % this week. The System works, the Trader mind doesn't, just reinforcing what has been told here countless times: PDF is the Key to success.

Looking for a better week next week, focusing more on the psychological part.
Have a good weekend and holidays everyone, and just a remember, tomorrow is NFP day, be very carefull on trading Any pairs near the NFP.

  • #29,174
  • Apr 2, 2015 12:10pm Apr 2, 2015 12:10pm
Quoting mokuro89
Ending my trading day and probably will not open orders tomorrow either, so this is my results for this week: total trades: 16 pairs: EU EJ GJ GU trades lvl 1/3/4 (not sure why but I feel no confortable with LVL2) 5% risk on LVL1 trades, 2%risk on LVL3/4 trades Win trades: 11 Lost trades: 5 Total: -2.7% ROI now the important part, on the 5 lost trades, only one was correct by the rules, the other 4 were mistakes (against pivot/ opening too early instead waiting candle to close or at least be on :29|:59 / went on second lvl50/00 instead the first...
seem you have posted it in wrong thead
  • #29,175
  • Apr 2, 2015 12:23pm Apr 2, 2015 12:23pm
Quoting RoneyFX
{quote} seem you have posted it in wrong thead
no, i'm in the correct thread, what is wrong? Udine method
  • #29,176
  • Apr 2, 2015 2:18pm Apr 2, 2015 2:18pm
Quoting mokuro89
{quote} no, i'm in the correct thread, what is wrong? Udine method
i was in wrong thead
  • #29,177
  • Apr 2, 2015 3:11pm Apr 2, 2015 3:11pm
Quoting mokuro89
Ending my trading day and probably will not open orders tomorrow either, so this is my results for this week: total trades: 16 pairs: EU EJ GJ GU trades lvl 1/3/4 (not sure why but I feel no confortable with LVL2) 5% risk on LVL1 trades, 2%risk on LVL3/4 trades Win trades: 11 Lost trades: 5 Total: -2.7% ROI now the important part, on the 5 lost trades, only one was correct by the rules, the other 4 were mistakes (against pivot/ opening too early instead waiting candle to close or at least be on :29|:59 / went on second lvl50/00 instead the first...
Excelente Mokuro!
This week I was busy. Got some trades.
Have a nice holyday!
  • #29,178
  • Apr 2, 2015 3:22pm Apr 2, 2015 3:22pm
Quoting cycle
AU short guided by strength meter. Note the momentum by positive slippage at close of trade. Intervening S1 pivot ignored. {image}
Hi, I see we need to synk FF & LO time... Somebody have wrong time shift...

Attached Image (click to enlarge)
Click to Enlarge Name: FF LO Open.png Size: 103 KB


Stay positive! Multimillion
"All will be correctly, in this world is built" - The Master and Margarita
  • #29,179
  • Apr 2, 2015 3:44pm Apr 2, 2015 3:44pm
My results since last Friday:
19 trades:
15 wins
3 losses
1 breakeven

Had no trades last night and will not trade today due to NFP.

Good luck everyone
  • #29,180
  • Apr 2, 2015 3:45pm Apr 2, 2015 3:45pm
Quoting Multimillion
{quote} Hi, I see we need to synk FF & LO time... Somebody have wrong time shift... {image} Stay positive! Multimillion
Hi Multimillion, you need to ajust your indicators, this week had a +1hour change not sure why, you may need to ajust PriceToOpen, DailyOpen, Markethours indicators, i had to update mine
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