DON'T trade Udine's 00 level Strategy | Page 12 | Forex Factory

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DON'T trade Udine's 00 level Strategy

  • #221
  • Aug 20, 2014 1:24pm Aug 20, 2014 1:24pm
Quoting SerenityFX
{quote} If only forex trends were as easy to identify as system thread trends...

Note: There are very few canned system out there who make good money in FX. Even those tend to review signals manually before entering trades. Automatic backtesting is much lazier and deadlier than testing bar-by-bar forward.
Absolutely right - nothing to add!
trading is war - life is simple
  • #222
  • Aug 20, 2014 5:46pm Aug 20, 2014 5:46pm
Quoting SerenityFX
{quote} If only forex trends were as easy to identify as system thread trends... All systems with merit eventually get so muddled by others that they no longer bear semblance to the original. Udine likes to compare trading to business. Here's some food for thought: There are three primary ways of making money in entrepreneurship. A business must be at least one of the following: 1. Innovative. A business captures profit by approaching a problem in a novel way. There is little to no existing competition, thus if the idea holds merit, there is an...

Excellent summary. Thank you.
Wealth comes from what you keep, not what you earn
  • #223
  • Aug 30, 2014 5:40pm Aug 30, 2014 5:40pm
udine is back,wounder if he posts trades before the event........
  • #224
  • Apr 2, 2015 1:33pm Apr 2, 2015 1:33pm
00 levels are good spots to hunt for stops. So,Udine's method might be good in reverse - hunt those stops around 00 levels.
  • #225
  • Apr 3, 2015 1:48am Apr 3, 2015 1:48am
Hi, pj999


People open threads on here to tell others what they are doing with their trading. Unless they are selling something, they do not need to show accounts or post trades before they happen. If they do, it is entirely up to them.

Any trading system could be traded by 100 traders, some will make money, others won't. This will be because each trader will trade the system slightly differently. These are the nuances of trading, any system you use, you need to make your own. When people start trading, this is a very difficult to get your head round.
All we can expect on this forum is a number of trading ideas placed in front of us, it is up to individual traders to get the best out of them. Overall, this is the best forum out there with plenty of good traders posting. I look at a number of trading systems/post each week and I always learn something new, trading is a life time learning curve.

If you want any help, message me.

MT

MT

Quoting pj9999
udine is back,wounder if he posts trades before the event........
  • #226
  • Jul 21, 2015 8:36am Jul 21, 2015 8:36am
Quoting mytrader1961
Any trading system could be traded by 100 traders, some will make money, others won't. This will be because each trader will trade the system slightly differently. These are the nuances of trading, any system you use, you need to make your own.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #227
  • Jul 22, 2015 8:04am Jul 22, 2015 8:04am
Quoting pj9999
udine is back,wounder if he posts trades before the event........
Get a life -stop trying to provoke someone into feeding you live trades simply because you are too lazy to learn to feed yourself.
After all -Udine is not selling something.
every Saint has a past. Every Sinner has a Future
  • #228
  • Jul 22, 2015 8:57am Jul 22, 2015 8:57am
Quoting turnip15
{quote} Get a life -stop trying to provoke someone into feeding you live trades simply because you are too lazy to learn to feed yourself. After all -Udine is not selling something.
Watching someone trade live could be considered learning.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #229
  • Jul 22, 2015 11:07am Jul 22, 2015 11:07am
Quoting TooSlow
{quote} Watching someone trade live could be considered learning.
Ever tried trading live AND trying to post charts. A lot of effort and stress that gets in the way of your trading unless you have something to sell of course. No -best way is to (imho) is to post after trading for post analysis by people learning to trade. Real traders have enough stress trading live without the added distraction of posting for novices or those hoping to trade on the posters coat tails.
every Saint has a past. Every Sinner has a Future
  • #230
  • Jul 22, 2015 12:07pm Jul 22, 2015 12:07pm
Quoting turnip15
{quote} Ever tried trading live AND trying to post charts. A lot of effort and stress that gets in the way of your trading unless you have something to sell of course. No -best way is to (imho) is to post after trading for post analysis by people learning to trade. Real traders have enough stress trading live without the added distraction of posting for novices or those hoping to trade on the posters coat tails.
Yes. When entry is known ahead of time, there is no problem posting while trading. Posting after the exit is stress free. In Udine's case, entering at 00 prices is known ahead of time. Either the trade is to be entered or ignored. This should be known ahead of time. Otherwise, time to call you know what.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #231
  • Sep 25, 2015 6:03pm Sep 25, 2015 6:03pm
Quoting FxMasterGuru
{quote}... I have built an EA following the rules 100%. No discretion by the bot. No mistakes. In back and foward tests it was a loser...
FxMasterGuru, can you share the EA here? I'd love to run it on MT4 Strategy Tester.

Stay green!
  • #232
  • Jan 12, 2016 9:44pm Jan 12, 2016 9:44pm
Dear Udine,
Hi, I am from India.
I am trying to interpret the rules on the Index like Bank nifty on mt4. But the clear levels are like this as seen on screenshot. Could you please help me how to make changes? so that it gives proper levels.
Waiting to see your reply.
Regards,
Ravi
Attached Image (click to enlarge)
Click to Enlarge Name: udine.png Size: 125 KB
Ravi Kiran T V
  • #233
  • Last Post: May 8, 2016 9:20am May 8, 2016 9:20am
I'm quoting this post and rewriting here in Bold.
I totally agree with this person:

Quote
I am currently testing 3 EA's. All of them based on the "rules" of how I trade manually. They do a very good job "for the most part" but they cannot, and never will be able to see things like data prints, market sentiment and a whole host of other variables that only a "discretionary eye" can see coming ahead of time. Last week's data prints sent the EA's into a tail spin rapidly. I did just fine manually.
Quote
An EA left to it's own devices will do fine so long as market conditions do not change from it's If/Then logic. But market changes happen quite...

sorry if this is not what you would like to hear from a Real Trader.
sorry if the above statement could be disappointing both for mechanical and for manual Traders
Welcome to Reality
DO UT DES
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