As simple as possible: 00 level trading | Page 1556 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #31,101
  • May 20, 2015 8:03am May 20, 2015 8:03am
Quoting gizmo96
{quote} Hi Bubincka, Thanks, but Udine deserve all compliments I only use the indicators provided by Udine, nothing else. I added the other 3 default pairs that Udine had in his initial strategy and I changed the settings of the market control display to match my timings. The rest is the same. Kind regards, Gizmo96
Greate trading Gizmo96,

I have a couple of questions if you don't mind. Are you entering on a reversal candle and then the first candle after the magenta or aquamarine indi with the proper levels?
Or do you wait for the area to pop up that tells you where you should enter and enter at that level after the magenta or aquamarine indi?

TIA
Lionsden
  • #31,102
  • May 20, 2015 8:05am May 20, 2015 8:05am
M30 Level 2 entry on GBPJPY.

TP = 20pips.

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 58 KB
Time always comes before price
  • #31,103
  • May 20, 2015 8:18am May 20, 2015 8:18am
Quoting rapidedward
{quote} Hi Fxrabbi, How come the values in H1, H4 and D1 are all the same. I've tried altering the settings but end up with the same results as your screenshot shows. Thanks, Rapid {image}
H1 - will refresh every Hourly.

H4 - will refresh every 4 Hours.

D1 - will refresh at the end of the day.

It possible to have the same values for the above timeframes if it the beinging of day, first hour of day, and first hour within the four hour.

check the attached, the shot taken within 2:00pm gmt. (position on the screenshot is Z formation)

Hope, this help

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 68 KB
Time always comes before price
  • #31,104
  • May 20, 2015 8:22am May 20, 2015 8:22am
Quoting gizmo96
Hi All, Here are my trades for today on the 5min strategy. I'm done for today. EURJPY -> TP GBPUSD -> TP EURUSD -> TS GBPJPY -> TP {image} {image} {image} {image}

Hey Gizmo

I am trying to figure out why the indicator does what it does

from Udines notes
The MBA indicator only shows aqua blocks when price is above the daily open (means only
long trades) and magenta blocks when price is below the daily open (means only short and trades).

What conditions have to be present for the indicator to show a aqua or magenta block?
Does the indicator look for a pull back? Is it measuring a change in color of "absolute strength"?

I am watching it, and it does not always show a colored block for a pull back, I wonder how it measures things?

thanks

PGPB
  • #31,105
  • May 20, 2015 8:38am May 20, 2015 8:38am
gj
+10
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 3.png Size: 59 KB
  • #31,106
  • May 20, 2015 8:55am May 20, 2015 8:55am
gu ts
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 1.png Size: 58 KB
  • #31,107
  • May 20, 2015 9:02am May 20, 2015 9:02am
Quoting iwan73
All looked good but both trades went to SL EU S SL EJ S SL {image}
Sorry about that, I also saw those trades, but why I did not take them is because they are pullback, and when I want to take a pullback they should not be more 50pips, those two trades are over 50pips. Except for my concern for those pullback, they are perfect setup.

Cheers.
Yomi

NB: If you look at my above post on GBPJPY, it was also pullback. That are types of pullback I normally take. (betwwen 30-40pips).
Time always comes before price
  • #31,108
  • May 20, 2015 9:45am May 20, 2015 9:45am
Quoting lionsden
{quote} Greate trading Gizmo96, I have a couple of questions if you don't mind. Are you entering on a reversal candle and then the first candle after the magenta or aquamarine indi with the proper levels? Or do you wait for the area to pop up that tells you where you should enter and enter at that level after the magenta or aquamarine indi? TIA Lionsden
Hi Lionsden,

I wait for the square above or below the candle, when the candle closes and a square with the levels is drawn, I enter.
In a few of my screenshots there is no square with levels. I thought that they were gone because I was changing the settings of the market panel display.
But normally I wait for both squares to be present
In the attached image you can see an entry according to the rules as I understand them.

I hope this answers your questions.

Kind regards,

Gizmo.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2015-05-20 om 12.04.03.png Size: 118 KB
  • #31,109
  • May 20, 2015 9:48am May 20, 2015 9:48am
Quoting pgpb
{quote} Hey Gizmo I am trying to figure out why the indicator does what it does from Udines notes The MBA indicator only shows aqua blocks when price is above the daily open (means only long trades) and magenta blocks when price is below the daily open (means only short and trades). What conditions have to be present for the indicator to show a aqua or magenta block? Does the indicator look for a pull back? Is it measuring a change in color of "absolute strength"? I am watching it, and it does not always show a colored block for a pull back, I wonder...
Hi pgpb,

I really have no clue how it does, what it does and when it does it.
All I did was installing all the indis and see what happened.

Sorry, I'm not able to answer your questions.
Perhaps Udine can give some clarifications.

For now, I will just do as I'm told

Kind regards,

Gizmo96
  • #31,110
  • May 20, 2015 10:06am May 20, 2015 10:06am
Quoting pgpb
{quote} Hey Gizmo I am trying to figure out why the indicator does what it does from Udines notes The MBA indicator only shows aqua blocks when price is above the daily open (means only long trades) and magenta blocks when price is below the daily open (means only short and trades). What conditions have to be present for the indicator to show a aqua or magenta block? Does the indicator look for a pull back? Is it measuring a change in color of "absolute strength"? I am watching it, and it does not always show a colored block for a pull back, I wonder...
Hi, pgpb
MBA indicator is a black box for us.
But I guess it has a similar function as EMA10 from my observation. ( not exactly the same though....)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
  • #31,111
  • May 20, 2015 10:15am May 20, 2015 10:15am
Quoting sada69
{quote} Hi, pgpb MBA indicator is a black box for us. But I guess it has a similar function as EMA10 from my observation. ( not exactly the same though....) {image}

Thanks very much, I like to know how things work when I am trading.

I will study ema10 and the indicator.

I don't think Udine wants to get involved in discussion of this method, the man has the patience of a saint, but even he needs some down time.

PGPB
  • #31,112
  • May 20, 2015 10:23am May 20, 2015 10:23am
Quoting iwan73
All looked good but both trades went to SL EU S SL EJ S SL {image}
Same SL.

Numberman
  • #31,113
  • May 20, 2015 10:46am May 20, 2015 10:46am
Quoting pgpb
{quote} Thanks very much, I like to know how things work when I am trading. I will study ema10 and the indicator. I don't think Udine wants to get involved in discussion of this method, the man has the patience of a saint, but even he needs some down time. PGPB
Same for me .. I canīt figure out how this indicator works.

I uploaded it in 2 different accounts (1 live and 1 demo) from 2 different brokers and I notice .... deviation between aqua blocks !

If someone has more details on how it works .. it would be greatly appreciated

Enjoy
  • #31,114
  • May 20, 2015 11:34am May 20, 2015 11:34am
Quoting iwan73
All looked good but both trades went to SL EU S SL EJ S SL {image}
Excuse me ... I have nothing to talk about it.

EURO at no time was 1st in force ...

GBP is 1st in force for a long time, won all pairs

see GBPNZD

GBP 1st
NZD 8th

See the post friendly image 31107

He won GJ ... see the indicator of strength ..
  • #31,115
  • May 20, 2015 2:44pm May 20, 2015 2:44pm
I said I would only post when it was a real account ... there it is.

excuse me only 1x8

or

Stronger x weaker
Attached Image (click to enlarge)
Click to Enlarge Name: 65.52%.png Size: 222 KB
  • #31,116
  • May 20, 2015 3:15pm May 20, 2015 3:15pm
Hey friend Robinho.


I really like your style of trading and teaching.


Keep it up.. it rocks.


Newbies be warned of emmanuel7788. Hes not true.
  • #31,117
  • May 20, 2015 3:56pm May 20, 2015 3:56pm
Amazing Robinho!
  • #31,118
  • May 20, 2015 3:59pm May 20, 2015 3:59pm
Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: fuerza 1.png Size: 90 KB
  • #31,119
  • May 20, 2015 4:58pm May 20, 2015 4:58pm
Quoting Robinho
{quote} Excuse me ... I have nothing to talk about it. EURO at no time was 1st in force ... GBP is 1st in force for a long time, won all pairs see GBPNZD GBP 1st NZD 8th See the post friendly image 31107 He won GJ ... see the indicator of strength ..
Dear Robinho

First of all i am not question your method but...
From the begining of May i put orders when Udine rules are meet and acording to 1x8 rule. Results are poor (8% DD). The problem is that currencies on 1st and 8th place are changing. Yes it is true that on particular day one currency is on 1st place all the time but we know it after the fact. During last days i entered trades ONLY ON 1st LEVEL (as always) and according to 1x8 and ... suddenly price reverse for 15-20 pips hitting my SL. Currency from 1st place fall to 3rd, 4th OR from 8th rise to 5th,6th. I saw this scenario many times and i loss money.

In post you mentioned above (31107 ) we can see entries on 5th and 2nd levels on particular candle. Are they by the Udine's rules?
Yes, you are right GBP is strongest , Yen is much weaker but how did you know if entry is make on 5th level the price will rise to TP on 6th level? I think it is risky and for me "it is reason to not take trade" as Udine likes to say.
Thats why i decided to focus on basics of this system, come back to roots, come back to time when we have M15 method, M30 method.

I would be happy to see your opinion
Best regards
Iwan
  • #31,120
  • May 20, 2015 5:22pm May 20, 2015 5:22pm
Quoting iwan73
{quote} Dear Robinho First of all i am not question your method but... From the begining of May i put orders when Udine rules are meet and acording to 1x8 rule. Results are poor (8% DD). The problem is that currencies on 1st and 8th place are changing. Yes it is true that on particular day one currency is on 1st place all the time but we know it after the fact. During last days i entered trades ONLY ON 1st LEVEL (as always) and according to 1x8 and ... suddenly price reverse for 15-20 pips hitting my SL. Currency from 1st place fall to 3rd, 4th...
Friend I have repeated a thousand times ... do not worry about the 1st ... if p'reocupe with the 8th ...

People who are not able to repeat, repeat and repeat that force changes.

EVERY DAY WE HAVE A WEAK CURRENCY FOR A LONG TIME. Yesterday the day was NZD and EURO were below the time.

I will find a way to shoot all day, images of MT4. The time that the weaker currency is in 8th and 7th.

It is possible that people do not see isso.Depois London my operations were 95% and selling EURO NZD.Mercado Tokyo had been AUD and JPY.

The problem is that instead of waiting for work only 1x8 ... is looking for any couple ,,,

Just look at the chart 1x8 ... if you are coming ... wait put me m 05 or M15 and follow only the pair 1x8.

You can be sure ...
A WEAK CURRENCY IS MORE LONG
A WEAK CURRENCY IS MORE LONG
A WEAK CURRENCY IS MORE LONG

OTHERWISE, THEY NEED NOT DO WHAT DO, DO THE WAY YOU ... SEE HOW MANY POSTS ALREADY PUT? DAYS THAT HAD ACAVA WIN ,, posted ENTRY WITH PICTURE AND WIN ... 30 SECONDS, A FEW MINUTES ... AND DID PICTURE SHOW MATTER OF WINDOWS WITH COINS 1X8 ... THE TWO WINDOWS ARE EQUAL IN LONG ... IF YOU WANT I CAN SHOW IMAGES THAT HAVE FILED HERE ,,,

A GOOD NIGHT
7 traders viewing now