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As simple as possible: 00 level trading

  • #30,381
  • Apr 27, 2015 10:35am Apr 27, 2015 10:35am
Today I made many mistakes at the beginning, managed then to recover and close the day at +0.71 %, really happy with it.
Attached Image
Porta itineris dicitur longissima esse
  • #30,382
  • Apr 27, 2015 10:38am Apr 27, 2015 10:38am
Quoting LuXing
Buenas tardes, Little time to trade, but still managed to get some pips out of the market, albeit late. GBPUSD to TP EURUSD to TP GBPJPY to TP EURJPY to TP (internet problem, it forcibly continued...) NZDUSD to TP Grand total: 32 pips. LuXing {image} {image} {image} {image} {image}
Very very nice!!!! It helps my confidence when I see that we were in some of the same trades at the exact same price.
"Amat Victoria Curam" Victory Loves Preparation
  • #30,383
  • Apr 27, 2015 11:05am Apr 27, 2015 11:05am
Last 2 trades for today:

NZDUSD to TP (nasty slippage on entry)
AUDUSD to TP

LuXing
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Click to Enlarge Name: Screenshot2.png Size: 57 KB
Wisdom begins in wonder
  • #30,384
  • Apr 27, 2015 11:26am Apr 27, 2015 11:26am
Last one o/t day, slippery slope stuff.

EURUSD to TP

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
Wisdom begins in wonder
  • #30,385
  • Apr 27, 2015 12:23pm Apr 27, 2015 12:23pm
Quoting digiff
{quote} Easy solution is to use the template given in the next post and then make changes to your liking. Or you can do it manually by changing the fixed max and min values in the common tab of the indicators after adding them (but doing it this way does not show the labels next to the respective indy). You will have to get the values from using the template first.
Found the mistake. Had the indies in a separate folder while the template looks for them in the general indicator folder.
  • #30,386
  • Apr 27, 2015 3:31pm Apr 27, 2015 3:31pm
Quoting Sniper1310
{quote} Did the same but on a separate table. Added the bid ratio because before taking the trade based on CSM I do look where we are at the moment. Does anybody have an idea how to get the direction of the movement? Even as a retracement occurs the individual strength is still high but you will get a SL instead of TP when entering this moment. {file}
Bid ratio, CSM and distribution currenccy..
you can get here, brother ......

Regard....

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 86 KB


Attached File(s)
File Type: xlsx Sentiment Daily.xlsx   1,003 KB | 1,165 downloads
Regard, Ding Dong
  • #30,387
  • Apr 27, 2015 5:42pm Apr 27, 2015 5:42pm
Quoting bubincka
Today I made many mistakes at the beginning, managed then to recover and close the day at +0.71 %, really happy with it. {image}
Could you explain what were the mistakes? That way we can all learn together how to not repeat them!
  • #30,388
  • Apr 27, 2015 6:02pm Apr 27, 2015 6:02pm
Quoting LuXing
Buenas tardes, Little time to trade, but still managed to get some pips out of the market, albeit late. GBPUSD to TP EURUSD to TP GBPJPY to TP EURJPY to TP (internet problem, it forcibly continued...) NZDUSD to TP Grand total: 32 pips. LuXing {image} {image} {image} {image} {image}
Great trades, Congrats!
I noticed that you didn't enter immediately after the ASH color change and waited a few hours into the US session, at least for the LV1 setups on GJ & NU. No red news, so could you explain the reason behind that decision? Do you trade from M15 as well as M30 ? Thank you.
  • #30,389
  • Apr 28, 2015 12:50am Apr 28, 2015 12:50am
Hi everyone,

Just want to thank Udine for starting and sharing all this info and everyone who's been contributing and keeping this thread open and enthusiastic.

I just finished all 1500+ pages and starting to demo the Level 1 M30 entries but running into a problem with the UdinesGlobalInstantBUYStop50 and Sell50 scripts. With a WUKARRiskPercentage of 2, sometimes the Buy/Sell stop order would be hit and then deleted right away with a status of "No Money". I lowered the risk percentage and that reduced the lot size and works but I would like to demo strictly following Udine's 2%.

Am I missing something or anyone else having this problem too? Thanks in advance for the help.

Cheers
Do good and disappear...
  • #30,390
  • Apr 28, 2015 1:24am Apr 28, 2015 1:24am
Buenos días,

Trade #1 o/t day: AUDJPY to TP
Trade #2 o/t day: AUDUSD to TP
Trade #3 o/t day: GBPJPY to TP
Trade #4 o/t day: GBPUSD to TP

Awaiting London Open now.

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #30,391
  • Apr 28, 2015 1:25am Apr 28, 2015 1:25am
Quoting tradista
{quote} Could you explain what were the mistakes? That way we can all learn together how to not repeat them!
yes, no problems.
First I got SL on AU. Technically the trade is within the rules, the matter is that even when it was going against me I still claimed to be right and widened SL up to 150 only increasing my loss.
Second, I jumped in a NZDCHf trade in a hurry and without much reflecting following Honestknave's dashboard, (btw it is a very valuable tool if used the right way, like any other tool ) at LO when usually trend reverse, ending in a almost instant SL.
So at the beginning of my day, after half an hour I was already down -3.80 %.

I knew I could recover, but once again I had to shift my mind and get back to PDF & BCC.

Because apart from the charts I'm posting here that don't say a lot, the true error is with myself: total lack of Patience, trading pairs completely unknow (NZDCHF) at the wrong times, playing with stoploss levels once in a trade and so on..

So, healing these troubles inside of me I'll surely be profitable at the end of the day.

Best regards,
Bubincka
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AU_SL.png Size: 52 KB
Porta itineris dicitur longissima esse
  • #30,392
  • Apr 28, 2015 1:27am Apr 28, 2015 1:27am
Quoting LuXing
Buenos das, Trade #1 o/t day: AUDJPY to TP Trade #2 o/t day: AUDUSD to TP Trade #3 o/t day: GBPJPY to TP Trade #4 o/t day: GBPUSD to TP Awaiting London Open now. LuXing {image} {image} {image} {image}
Heya mate,

So are those trades just based on PA from the FF open?
Life is like a snickers, its full of nuts!
  • #30,393
  • Apr 28, 2015 1:31am Apr 28, 2015 1:31am
Yet another example of the previous post: I've just taken the same trades as LuXing on AU & AJ, but I also lack Confidence, and closed them manually for a small profit, while they both went to TP.
I know that I'm trading FO since few days and I feel more uncomfortable but there's still a lot of work to do on my side.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AJ_Manual.png Size: 55 KB
Click to Enlarge Name: AU_Manual.png Size: 55 KB
Porta itineris dicitur longissima esse
  • #30,394
  • Apr 28, 2015 1:32am Apr 28, 2015 1:32am
Quoting tradista
{quote} Great trades, Congrats! I noticed that you didn't enter immediately after the ASH color change and waited a few hours into the US session, at least for the LV1 setups on GJ & NU. No red news, so could you explain the reason behind that decision? Do you trade from M15 as well as M30 ? Thank you.
@Tradista
I had almost no time to trade, once I finally sat in front of my PC I saw the market had been a bit too choppy to my liking.
Only after couple of hours into the NY session, I noticed that all of a sudden prices started to move.
Thatīs when I decided to take these trades.
Nowadays, I only trade from the M30 chart, although I will do "my homework" and look at D1, H4, H1 and even M15 charts if time permits (I zoom out to get a general feel of where the market is going).

Hope this helps.

LuXing
Wisdom begins in wonder
  • #30,395
  • Apr 28, 2015 1:43am Apr 28, 2015 1:43am
Quoting firewight
{quote} Heya mate, So are those trades just based on PA from the FF open?
@FW
I finally had time to take Honestknaves dashboard for a spin.
Put it on a separate monitor and observed PA. I very much like the simplicity and elegance of this dash.
It even allows me to bypass the forexgrail spreadsheet and to have a 1 stop shopping solution, everything in MT4.
At FFO I simply played "the weaker against the stronger brothers".
GBP and AUD were skyrocketing, USD and JPY dropping.

LuXing
Wisdom begins in wonder
  • #30,396
  • Apr 28, 2015 1:45am Apr 28, 2015 1:45am
Quoting bubincka
Yet another example of the previous post: I've just taken the same trades as LuXing on AU & AJ, but I also lack Confidence, and closed them manually for a small profit, while they both went to TP. I know that I'm trading FO since few days and I feel more uncomfortable but there's still a lot of work to do on my side. {image} {image}


Excellent trades Bubincka, congratulations !!!!
The "C" part takes time, but be persistent and I am sure youīll get there.

All the best of luck today (although you already have your green pip dosis).

LuXing
Wisdom begins in wonder
  • #30,397
  • Apr 28, 2015 2:08am Apr 28, 2015 2:08am
Quoting LuXing
{quote} Excellent trades Bubincka, congratulations !!!! The "C" part takes time, but be persistent and I am sure youll get there. All the best of luck today (although you already have your green pip dosis). LuXing
Thank you LuXing, but excellent trades are yours, fast and accurate.
Yes, as long as I finish the day "in green" I'm happy with what the market is willing to give me, getting better every day.
Porta itineris dicitur longissima esse
  • #30,398
  • Apr 28, 2015 2:16am Apr 28, 2015 2:16am
Hi all
Long time since my last post.
I just wanted to post this trade on EURUSD +5 on15 min
I had to adjust my entry and target so not all by the rules. Target was Asian session low.
I had also used strength dashboard for confirmation USD at the time was about 5 and rising fast and EU was falling from 3.5 down.
Attached Image (click to enlarge)
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  • #30,399
  • Apr 28, 2015 2:29am Apr 28, 2015 2:29am
Trade #5 o/t day: AUDJPY didnīt quite make it: out by TS

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 57 KB
Wisdom begins in wonder
  • #30,400
  • Apr 28, 2015 2:44am Apr 28, 2015 2:44am
Quoting bubincka
{quote} yes, no problems. First I got SL on AU. Technically the trade is within the rules, the matter is that even when it was going against me I still claimed to be right and widened SL up to 150 only increasing my loss. Second, I jumped in a NZDCHf trade in a hurry and without much reflecting following Honestknave's dashboard, (btw it is a very valuable tool if used the right way, like any other tool ) at LO when usually trend reverse, ending in a almost instant SL. So at the beginning of my day, after half an hour I was already down -3.80 %....
Thanks bubincka, those are good lessons for all of us. Psychology is the hardest part of the business. Thanks!!
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