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As simple as possible: 00 level trading

  • #32,941
  • Sep 23, 2015 6:58am Sep 23, 2015 6:58am
EURJPY (M30) +15pips.


Trade Ideas:

1. M30 level 1.
2. Sync in pair.
3. Strength.
4. 5ema.
5. Momentum.


Cheers,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 58 KB
Time always comes before price
  • #32,942
  • Sep 23, 2015 7:38am Sep 23, 2015 7:38am
Hi all, there is someone here who works with the method udine 30m "pure"?
If yes, it's possible to view some trades?
Thanks,
Marco.
  • #32,943
  • Sep 23, 2015 7:53am Sep 23, 2015 7:53am
Trade #1 o/t day: GBPUSD to TP

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB
Wisdom begins in wonder
  • #32,944
  • Sep 23, 2015 8:17am Sep 23, 2015 8:17am
Quoting MakerAz
{quote} Thank you very much, LuXing! Very helpful. Would you mind to help me with my trials to find the setup. I understand that mechanically "setup" means a Pending Order with SL and TP. The market is live and the strategy requires to trade during first 2 hours of the market open, this brings even more volatility. When I think of a setup I look for H1 and D1 indicators to both be in the same direction. However, when the pending order gets accepted H1 and D1 may show opposite directions. What sequence do you use to follow the strategy, avoid a wrong...
Why on earth would you place a pending order for a long ?
Look left using both Left Eye and Right Eye !!! What did price do when it hit the Daily Open line ?
If your long pending were triggered, your stoploss would be on the other side of the Daily Open, thatīs hardly what I call a trend....
Make sure you read as many posts on this thread as possible, all the answers are there.
I canīt come up with something that has not been asked yet before...

LuXing
Wisdom begins in wonder
  • #32,945
  • Sep 23, 2015 8:19am Sep 23, 2015 8:19am
Quoting marcoFF
Hi all, there is someone here who works with the method udine 30m "pure"? If yes, it's possible to view some trades? Thanks, Marco.
Mmm, how do you mean, "pure" ?

Are these not pure enough for instance ?

LuXing
Attached Image
Wisdom begins in wonder
  • #32,946
  • Sep 23, 2015 8:23am Sep 23, 2015 8:23am
Quoting rochild
back to basics {image}


Congratulations, you managed to squeeze plenty of green EURUSD pips during a "complicated" Draghi day !

LuXing
Wisdom begins in wonder
  • #32,947
  • Sep 23, 2015 8:24am Sep 23, 2015 8:24am
Hi Everyone!

Have a question re: the stragety:

Quote
9. After 4 losses stop trading for the day


Is this per pair?

Have a green trades!
  • #32,948
  • Sep 23, 2015 8:37am Sep 23, 2015 8:37am
Quoting LuXing
{quote} Why on earth would you place a pending order for a long ? Look left using both Left Eye and Right Eye !!! What did price do when it hit the Daily Open line ? If your long pending were triggered, your stoploss would be on the other side of the Daily Open, thats hardly what I call a trend.... Make sure you read as many posts on this thread as possible, all the answers are there. I cant come up with something that has not been asked yet before... LuXing
Thank you for such a passionate explanation
I'm just learning.

I will start reading the whole thread.

Lots of TPs to all!
  • #32,949
  • Edited 9:21am Sep 23, 2015 8:41am | Edited 9:21am
.rebound on daily pivot +5 and next hour same
.EJ +5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 69 KB
Click to Enlarge Name: EURUSDM152.png Size: 68 KB
Click to Enlarge Name: EURJPYM15.png Size: 63 KB
  • #32,950
  • Sep 23, 2015 9:19am Sep 23, 2015 9:19am
Quoting MakerAz
Hi Everyone! Have a question re: the stragety: {quote} Is this per pair? Have a green trades!
Mmmm.
4 core pairs (EURUSD, EURJPY, GBPJPY and GBPUSD) x 4 SL per pair, using a position size of 2% advocated by Udine = 32% of your account wiped out in 1 day.
Seems a bit steep to me.

The idea to stop after "x" stoplosses stems from the reasoning that a trader needs discipline.
This means also discipline to be able to stop trading when things are not going as expected.
I would suggest to stop indeed after a total of 4 stoplosses, even on demo.
This, until you have proven to yourself that psychologically you are on the right side of the thin line that divides the trader from the compulsive gambler.
Once you trade live, you will probably lower your % position size and lower the number of stoplosses you allow yourself.

LuXing
Wisdom begins in wonder
  • #32,951
  • Sep 23, 2015 10:29am Sep 23, 2015 10:29am
Quoting rochild
.rebound on daily pivot +5 and next hour same .EJ +5 {image} {image} {image}
@Rochild

I would strongly advise against using the Giraia indi if you take out half of the reference points (4 pairs instead of 8).
Giraia "rates" a currency on a scale from 0-9, the midpoint being 4.5.
The sum of 8 currencies is always 36, no matter how the market moves.
So the sum of 4 currencies should always be 18 (instead of 16 in your chart...).
In other words, you are presented with a totally distorted rating which is not exactly helpful to say the least.
Just my 2 cents though ;-)

LuXing
Wisdom begins in wonder
  • #32,952
  • Sep 23, 2015 11:03am Sep 23, 2015 11:03am
@LuXing

Thanks to the advice i will remove it
  • #32,953
  • Sep 23, 2015 2:59pm Sep 23, 2015 2:59pm
Quoting LuXing
{quote} Mmm, how do you mean, "pure" ? Are these not pure enough for instance ? LuXing {image}
I mean following strictly the Udine rules.
I like a lot frabbi trades, but original tp was 5 not 15, and Udine metodo dont us alla these indicators.
  • #32,954
  • Sep 24, 2015 12:28am Sep 24, 2015 12:28am
Good morning.
GU +5 just above Daily piv,price seems to fall no more long for now,will see next hours if break DP.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 54 KB
  • #32,955
  • Sep 24, 2015 1:14am Sep 24, 2015 1:14am
Buenos das,


Trade #1 o/t day: AUDJPY to TP
Trade #2 o/t day: EURUSD out by Trailstop +2.1 pips. Trade taken well before EUR red news, but still got huge slippage when the pending triggered.

Grand total so far +9.5 pips.

LuXing
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 38 KB
Click to Enlarge Name: Screenshot5.png Size: 37 KB
Wisdom begins in wonder
  • #32,956
  • Sep 24, 2015 1:43am Sep 24, 2015 1:43am
Good morning everyone.

AChf to TP

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCHFM15.png Size: 39 KB


AU to TS

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 41 KB


Today i also have been looking at EA and GA, but trading those pairs with the normal rules is a nightmare. Got a few pips but a few gray hairs also

Asmodai
  • #32,957
  • Sep 24, 2015 4:59am Sep 24, 2015 4:59am
Quoting Asmodai
EA and GA, but trading those pairs with the normal rules is a nightmare. Got a few pips but a few gray hairs also Asmodai
EA is a nightmare? Started trading EA from 5:30 GMT and made 250 pips following the trend.

Cheers, Max
  • #32,958
  • Sep 24, 2015 5:19am Sep 24, 2015 5:19am
GBPUSD (M30) +15pips.


Trade Ideas:

1. M30 Level 1.
2. Sync in pair.
3. Strength.
4. Momentum.


Cheers,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM30.png Size: 55 KB
Time always comes before price
  • #32,959
  • Sep 24, 2015 6:49am Sep 24, 2015 6:49am
Trade #3 o/t day: EURUSD to TP

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
Wisdom begins in wonder
  • #32,960
  • Sep 24, 2015 3:01pm Sep 24, 2015 3:01pm
Quoting MaxM
{quote} EA is a nightmare? Started trading EA from 5:30 GMT and made 250 pips following the trend. Cheers, Max
As i said, is a nightmare if you follow the normal rules.

Asmodai
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