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As simple as possible: 00 level trading

  • #30,541
  • Apr 30, 2015 9:01am Apr 30, 2015 9:01am
NZDJPY to TP.

LuXing
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Wisdom begins in wonder
  • #30,542
  • Apr 30, 2015 9:09am Apr 30, 2015 9:09am
Quoting LuXing
NZDJPY to TP. LuXing {image}
NZDJPY is below the opening line, and the indicators are not OK ...
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  • #30,543
  • Apr 30, 2015 9:19am Apr 30, 2015 9:19am
Quoting Robinho
{quote} Rm up - 120 now,,, the opening of London was not ... see the entries that did so opened in London post 30,512. EURAUD I bought 1.3940 At the opening of NY force was changing and after the news,,, USD rose to the strongest currency. Best time to do the entrads undoubtedly is opening in London, because then the prices are worn. Tomorrow at the opening of London will do again the 14 entries, 07 entries with the strongest currency and 07 entries with the weakest., As did the post 30 512 one big hug

Robinho what is your SL on this LO strongest/weakest currency basket trading.
  • #30,544
  • Apr 30, 2015 9:37am Apr 30, 2015 9:37am
Quoting goranFX
{quote} Robinho what is your SL on this LO strongest/weakest currency basket trading.
good question ... as I am still testing ,,, I'm putting a 10% Tp account and a stop 10% of the bill for all inputs.

This method can be very good for those who are starting with an account of $ 100 ,,, because the Udine 1x8 ... + force method can be time consuming too much for those with low account, it makes the operator lose patience and not stay focused on Udine method.

I think buying the family basket (stronger currency - BUY and SELL weaker currency). This can facilitate the mental part of those with low account.

Note: There is no doubt that Udine method is fantastic. But we need to be with an appropriate account. See today: At the opening of London, strong EURO (1st) and AUD weak (8th), gain 05 pips EURAUD BUY easily. At the opening of NY, USD was stronger (1st) and AUD weak (8th), gain 05 pips AUDUSD SELL easily.


Now tell me, who have that patience to wait and make only 02 entries to win 2% on an account of $ 100?

The Udine system with the 1st X 8th force will only lose who you want, but have to have PDF
  • #30,545
  • Apr 30, 2015 9:40am Apr 30, 2015 9:40am
Was away most of the day but still managed to stay green.
Done for the day

Attached Image
  • #30,546
  • Apr 30, 2015 9:41am Apr 30, 2015 9:41am
Quoting Robinho
{quote} NZDJPY is below the opening line, and the indicators are not OK ... {image}
"My" NZDJPY is way above open. See screenshot.
It is dependent on the broker one uses.

Indicators
I think the MTF H1 ASH was maybe not green. HA was.
I have decided to take these off my chart all together.
As far as I am concerned, these indicators are "optional".
They can be of great help and provide guidance.
Maybe that is why there is no mention whatsoever of ASH, HA, currency strength, etc. in post #1.

You have done a really great job of making this method your own, adapting it to your trading style and get your daily green pip dose.
I am doing exactly the same, but my way

LuXing
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Wisdom begins in wonder
  • #30,547
  • Apr 30, 2015 9:42am Apr 30, 2015 9:42am
Quoting tradista
Was away most of the day but still managed to stay green. Done for the day {image}


Nice tradista ! Congratulations on your double dose.

LuXing
Wisdom begins in wonder
  • #30,548
  • Apr 30, 2015 9:43am Apr 30, 2015 9:43am
Quoting Robinho
{quote} good question ... as I am still testing ,,, I'm putting a 10% Tp account and a stop 10% of the bill for all inputs.
  • #30,549
  • Apr 30, 2015 10:00am Apr 30, 2015 10:00am
Boom.

Not exactly the first level, but fabulous momentum.
EURJPY to TP in 15 seconds, just the way I like it.

LuXing
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Wisdom begins in wonder
  • #30,550
  • Apr 30, 2015 10:06am Apr 30, 2015 10:06am
Quoting LuXing
{quote} Nice tradista ! Congratulations on your double dose. LuXing
Yeah passed the 50% account growth mark, Thanks Lux... still miles away from the killing YOU make on the market everyday !!
  • #30,551
  • Edited 10:27am Apr 30, 2015 10:17am | Edited 10:27am
Closing the day EURAUD + 16 pips
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  • #30,552
  • Apr 30, 2015 10:20am Apr 30, 2015 10:20am
Quoting tradista
Was away most of the day but still managed to stay green. Done for the day {image}
Congrats Buddy.. Looks Awesome.. Got my 2% for the day. I could only trade NY session today..
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  • #30,553
  • Apr 30, 2015 10:53am Apr 30, 2015 10:53am
Quoting bluejack
{quote} Congrats Buddy.. Looks Awesome.. Got my 2% for the day. I could only trade NY session today.. {image}
Thanks! As long as we keep emotions and discipline under control, and try to stay "green" by following the rules we done our job! Congrats!
  • #30,554
  • Apr 30, 2015 12:48pm Apr 30, 2015 12:48pm
Quoting Asmodai
{quote} I'm still trying with and without TS. If i look at the CSM and its 1 vs 8 for exemple, i take the TS off, if its more a PA trade i tend to leave the TS at 5 pips on. Asmodai
Got it, I'm still testing the TS either, for the absolute good setup trades i'm trying to put TP at 10 and move SL to 5 when reached, but doing it manual
  • #30,555
  • Apr 30, 2015 5:22pm Apr 30, 2015 5:22pm
End of trading day review.

3 clean setups taken.
1 mistake (too early to enter disregarding currency strength and momentum), gracefully solved by closing trade fast (still in profit).

Some minor glitches with the trailing EA, I probably do not understand correctly the whole parameters, so 2 trades were closed automatically before reaching TP.


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Hope this can be helpful.
  • #30,556
  • Apr 30, 2015 5:40pm Apr 30, 2015 5:40pm
Quoting tradista
End of trading day review. 3 clean setups taken. 1 mistake (too early to enter disregarding currency strength and momentum), gracefully solved by closing trade fast (still in profit). Some minor glitches with the trailing EA, I probably do not understand correctly the whole parameters, so 2 trades were closed automatically before reaching TP. {image} {image} {image} {image} {image} Hope this can be helpful.
Hey Mate,

Is it possible your unexpected closures could be due to slippage? Some of those candles look big and possibly could have been moving quickly...

Just a thought.
Life is like a snickers, its full of nuts!
  • #30,557
  • Edited 6:45pm Apr 30, 2015 6:30pm | Edited 6:45pm
Quoting firewight
{quote} Hey Mate, Is it possible your unexpected closures could be due to slippage? Some of those candles look big and possibly could have been moving quickly... Just a thought.
Well, now that you mention it, could be... but shouldn't the "T/P" be highlighted in green on the trade history ??

Edit: I checked this and indeed those were closed by the EA. Orders closed at TP or SL *with or without slippage* always appear highlighted in the orders history. Those aren't (i colored them yellow).
  • #30,558
  • Apr 30, 2015 9:40pm Apr 30, 2015 9:40pm
Massive strength on USD and weakness on AUD & NZD, but I missed the boat due to work commitments...

No point chasing it though, there's a new setup just around the corner!

Attached Image
Life is like a snickers, its full of nuts!
  • #30,559
  • Apr 30, 2015 10:53pm Apr 30, 2015 10:53pm
Quoting tradista
End of trading day review. 3 clean setups taken. 1 mistake (too early to enter disregarding currency strength and momentum), gracefully solved by closing trade fast (still in profit). Some minor glitches with the trailing EA, I probably do not understand correctly the whole parameters, so 2 trades were closed automatically before reaching TP. {image} {image} {image} {image} {image} Hope this can be helpful.
I'm wondering (since I wrote that EA) if you are trading more than one system? The 1.3.2 will manage all trades on that pair, but the 1.3.3 uses Magic Numbers so it only handles trades with the same MN, which you can set in Mr. TD's scripts. Otherwise, it may be slippage or spread or maybe the TrailStop and TrailStep values.
  • #30,560
  • May 1, 2015 1:54am May 1, 2015 1:54am
Quoting ericjschroed
{quote} I'm wondering (since I wrote that EA) if you are trading more than one system? The 1.3.2 will manage all trades on that pair, but the 1.3.3 uses Magic Numbers so it only handles trades with the same MN, which you can set in Mr. TD's scripts. Otherwise, it may be slippage or spread or maybe the TrailStop and TrailStep values.
Hey Eric thanks, I'm trading Udine's method only and trying to stick to his 4 pairs, adding eventually one or two pairs if strenght/weakness are really strong. I'm using 1.3.2e and these are the settings:

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Does this mean "Trail 1 point every 35 points" ??
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