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As simple as possible: 00 level trading

  • #31,001
  • May 14, 2015 10:48am May 14, 2015 10:48am
Last trade of the day, closing shop.
USDCAD to TP.

All the best of luck to those who continue to trade.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
Wisdom begins in wonder
  • #31,002
  • May 14, 2015 10:55am May 14, 2015 10:55am
au -$0.36

no confidence i need wait more time

we are at the S1
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15 4.png Size: 52 KB
  • #31,003
  • May 14, 2015 12:15pm May 14, 2015 12:15pm
Friends Good afternoon.

A tip to know when the market is lateralized and contradictory.

See picture 01

The strength of the currencies in the CURRENCY indicator are very close

Greater CHF + 257
Minor CAD - 360

The Giraia indicator We JPY on 1st and 6th in The CURRENCY. The coins are very mixed. OPERATIONS OUT OF STAY WITH SO MARKET, AND SO IS A LONG TIME.

Now see the image 02.

Unlike CURRENCY it is much bigger between the highest and lowest.

Giraia and Currency with consistent strength.

Just a tip, it is not enough to put the indicators in Setup, you must know to read.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BAGUNÇADO.png Size: 286 KB
Click to Enlarge Name: AUDUSD e EURUSD.png Size: 303 KB
  • #31,004
  • May 14, 2015 1:30pm May 14, 2015 1:30pm
Just wanted to share an more advanced version of AbsoluteStrengthHistogram.
Thanks to mladen.
Attached File(s)
File Type: mq4 AbsoluteStrength mtf & alerts + arrows histo nmc.mq4   11 KB | 604 downloads
  • #31,005
  • May 14, 2015 2:05pm May 14, 2015 2:05pm
EURJPY out by TS
EURUSD not according to Udine s rules (no long at 900/950) to TP

LuXing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
Click to Enlarge Name: Screenshot2.png Size: 61 KB
Wisdom begins in wonder
  • #31,006
  • May 15, 2015 3:58am May 15, 2015 3:58am
Anyone SHORT on L1 confirmation?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 25 KB
  • #31,007
  • May 15, 2015 4:03am May 15, 2015 4:03am
M30 Level 1 entry on GBPUSD.

1. BE +10pips.
2. TP(manually) +17pips.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: 3. M30 level 1 entry with double ema cross..png Size: 60 KB
Time always comes before price
  • #31,008
  • May 15, 2015 5:42am May 15, 2015 5:42am
I guess I will be the only one posting negative outcomes on a public forum, but I've decided to take charge of my mistakes.

I have just blown my live account, taking too large size and becoming emotional with each position.

I've tried to use only L1 and L2 setups without any CMS confirmation and traded multiple pairs with spread below 1.5 (EU, GU, EJ, UC, UJ).

Mistakes were: revenge trading after a two losers in a row, not sticking to the rules i.e. trying to recover at any cost without even waiting for the next day using almost random entries (actually recovered many times using some S&D and VSA knowledge but... anyway, these have no place here), too big a position size (5% to 10% risk) and also trying to trade back the losses outside the right hours window.

I am the sole responsible for this outcome and it has nothing to do with Udine's method which obviously works great if you have what it takes to follow it.

Bit frustrating, but next week I will be back to the drawing board on my demo account.

To athose of you who will still be trading today, wish you nice weekend with lots of green pips
  • #31,009
  • May 15, 2015 5:44am May 15, 2015 5:44am
Quoting tradista
I guess I will be the only one posting negative outcomes on a public forum, but I've decided to take charge of my mistakes. I have just blown my live account, taking too large size and becoming emotional with each position. I've tried to use only L1 and L2 setups without any CMS confirmation and traded multiple pairs with spread below 1.5 (EU, GU, EJ, UC, UJ). Mistakes were: revenge trading after a two losers in a row, not sticking to the rules i.e. trying to recover at any cost without even waiting for the next day, too big a position size and...
We are all on the same boat, I'm still trying not to blown my demo
  • #31,010
  • May 15, 2015 5:49am May 15, 2015 5:49am
Quoting hmesquita
{quote} We are all on the same boat, I'm still trying not to blown my demo
Thanks hmesquita. Just don't give up!
I know I won't, just need to come to grips with my discipline and most probably my goals and expectations.
  • #31,011
  • May 15, 2015 6:01am May 15, 2015 6:01am
Quoting tradista
I guess I will be the only one posting negative outcomes on a public forum, but I've decided to take charge of my mistakes. I have just blown my live account, taking too large size and becoming emotional with each position. I've tried to use only L1 and L2 setups without any CMS confirmation and traded multiple pairs with spread below 1.5 (EU, GU, EJ, UC, UJ). Mistakes were: revenge trading after a two losers in a row, not sticking to the rules i.e. trying to recover at any cost without even waiting for the next day using almost random entries (actually...
Thanks for sharing Tradista,

Make me feel not alone trying to make those green pips everyday.

Numberman
  • #31,012
  • May 15, 2015 6:02am May 15, 2015 6:02am
What does L1 L2 mean?
Double the account
  • #31,013
  • May 15, 2015 6:08am May 15, 2015 6:08am
Quoting yelena
{quote} +27 EOB. Black pips to all EDIT: the original plan was to trade the 2nd and 3rd hours due to the news. And so I did. Closing at +68 I will no longer post any trade and will not complete the 30 days. I think I have made my point. I will no longer respond to queries because they are futile. It's what the title said "as simple as." You guys make it so complicated. Any system will succeed until you deviate and add your human element. Act on it in cold blood. Do as you your trading plan. Assuming you even have a trading plan. Black pips to all...
Has anyone done any experimenting with Yelena's idea of not closing the trade when it hits TP or SL but on the close of the candle that hit +5 or -10? This is from just now.
Attached Image
  • #31,014
  • May 15, 2015 6:22am May 15, 2015 6:22am
eu -1 udine5m
uc +3 robinho force
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM15 1.png Size: 70 KB
  • #31,015
  • May 15, 2015 6:35am May 15, 2015 6:35am
Quoting tradista
I guess I will be the only one posting negative outcomes on a public forum, but I've decided to take charge of my mistakes. I have just blown my live account, taking too large size and becoming emotional with each position. I've tried to use only L1 and L2 setups without any CMS confirmation and traded multiple pairs with spread below 1.5 (EU, GU, EJ, UC, UJ). Mistakes were: revenge trading after a two losers in a row, not sticking to the rules i.e. trying to recover at any cost without even waiting for the next day using almost random entries (actually...

Sorry to read your post.

my suggestions is as follows:

1. Take only M30 L1
2. Only Udine's pairs
3. Keep to PDF & BCC
4. Use good Money Management
5. Follow good trading rules.


NB: leave the M30 L2 alone. (its needs special requirement - experience).

Hope its help.

Cheers,
Yomi
Time always comes before price
  • #31,016
  • May 15, 2015 6:55am May 15, 2015 6:55am
Quoting Juan007
eu -1 udine5m uc +3 robinho force {image}
The only thing I can say at the moment is Congratulations !!!

I'll give a tip for you who is working with M05.

Take the MTF indicator published on post 31006 and do the following:

Put the same settings here that we have in our letter.
Mode 0
length 5
Smooth 4
signal 3
price 0
Mode MA 1

Place an MTF with M15
Place an MTF with M30


Your entries will be safer, because being these indicators with the same color, is why M15 and M30 are in agreement. See the picture.

Let the graph only in M05 and continue making the entries only 1x8.

A big hug.
Attached Image (click to enlarge)
Click to Enlarge Name: M15 e M30.png Size: 244 KB
  • #31,017
  • May 15, 2015 6:56am May 15, 2015 6:56am
eu -10 mistake no rules
eu +5
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1 17.png Size: 52 KB
  • #31,018
  • May 15, 2015 7:04am May 15, 2015 7:04am
Quoting Robinho
{quote} The only thing I can say at the moment is Congratulations !!! I'll give a tip for you who is working with M05. Take the MTF indicator published on post 31006 and do the following: Put the same settings here that we have in our letter. Mode 0 length 5 Smooth 4 signal 3 price 0 Mode MA 1 Place an MTF with M15 Place an MTF with M30 Your entries will be safer, because being these indicators with the same color, is why M15 and M30 are in agreement. See the picture. Let the graph only in M05 and continue making the entries only 1x8. A big hug....
Gracias Robinho

i will check it
  • #31,019
  • May 15, 2015 7:18am May 15, 2015 7:18am
Quoting tradista
I guess I will be the only one posting negative outcomes on a public forum, but I've decided to take charge of my mistakes. I have just blown my live account, taking too large size and becoming emotional with each position. I've tried to use only L1 and L2 setups without any CMS confirmation and traded multiple pairs with spread below 1.5 (EU, GU, EJ, UC, UJ). Mistakes were: revenge trading after a two losers in a row, not sticking to the rules i.e. trying to recover at any cost without even waiting for the next day using almost random entries (actually...
Another very important "rule" that Udine has posted, is "Look for reasons NOT to take the trade". If you can't find any, THEN you take the trade. And of course, never risk more than 1-2%, that's what the pros do. And if you find yourself back on Live trading and you get a loss, IMMEDIATELY switch to demo and keep trading. That helps to break the emotional rollercoaster. Oh, and you're not gonna get rich by next weekend . Broke happens a lot faster than Rich.
  • #31,020
  • May 15, 2015 7:52am May 15, 2015 7:52am
au -10
aj -10
eu +5
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