As simple as possible: 00 level trading | Page 1652 | Forex Factory

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As simple as possible: 00 level trading

  • #33,021
  • Oct 14, 2015 1:59am Oct 14, 2015 1:59am
Quoting LuXing
{quote} Nice one Eric. Whats the story with the TBs and Es on your chart ? Zero trades for me today. Broker technical problems gave me a "no connection" every 5 minutes during the first two hours of the London session. Hopefully better luck tomorrow. LuXing
From what i have seen in another thread, more people had the "no connection" problem. Someone contacted the broker and they recomended reinstalling MT4 to solve the problem.

I also had the same problem and if i have it again today will reinstall MT4.

Asmodai
  • #33,022
  • Oct 14, 2015 2:11am Oct 14, 2015 2:11am
First trade today...

EU to 5.3 manual close
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 40 KB


It would have gone to my tp of 7, but before the trade i had already decided that if price stalled a bit before the R1 line i would close it for profit.

Asmodai
  • #33,023
  • Oct 14, 2015 2:55am Oct 14, 2015 2:55am
Quoting Asmodai
First trade today... EU to 5.3 manual close {image} It would have gone to my tp of 7, but before the trade i had already decided that if price stalled a bit before the R1 line i would close it for profit. Asmodai
i took the second 15min candle (on the other side of R1 ) and was out by trailing stop for 2pips while trying for 6pips . . .
  • #33,024
  • Oct 14, 2015 5:26am Oct 14, 2015 5:26am
Hi all,

I am trading FX since a few years, in overall positive, but not really consistent enough. So was looking for some new ideas and found this approach by Udine.
Looks highly interesting and promising to me as it has a straight set of rules and I think may fit my trading style! Thus, I am following this thread since a few weeks and trying to comprehend. Doing this, I think I really went through most of the 1652 pages and feel it is time to give it a try on demo.

I will post my trades from this morning in a minute and would appreciated feedback if I am on the right track!

Before I post, a big thanks to all the experienced traders in this thread who consistently share their knowledge, trade examples and feedback to those trying to learn it. Highly appreciated! I hope the thread will remain active in this way...

Thanks!
  • #33,025
  • Oct 14, 2015 5:40am Oct 14, 2015 5:40am
Here my trades from this morning.
One comment: I do of course realize that with my broker the spread for some pairs is ridiculously high for this approach, but for first steps on demo...

I traded with TP=5 and SL=10 and tried to stick 100% to Udine's rules. Only exception is number of trades. I did not stop after 2 winning trades or so for training purposes.

Trade #1: EURUSD to TP
Trade #2: EURJPY to TP
Trade #3+4: GBPJPY to TP and a second to SL
Trade #5+6: GBPUSD to TP (both)
Trade #7+8: USDCAD to SL (both)

Any comments on these trades would be highly appreciated!

Thanks and regards!

Attached Image (click to enlarge)
Click to Enlarge Name: 20151014_LT_EA_M15_EURUSD(1).PNG Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151014_LT_EA_M15_EURJPY(1).PNG Size: 45 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151014_LT_EA_M15_GBPJPY(1).PNG Size: 42 KB


Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #33,026
  • Oct 14, 2015 5:50am Oct 14, 2015 5:50am
Quoting fx-guy
Here my trades from this morning. One comment: I do of course realize that with my broker the spread for some pairs is ridiculously high for this approach, but for first steps on demo... I traded with TP=5 and SL=10 and tried to stick 100% to Udine's rules. Only exception is number of trades. I did not stop after 2 winning trades or so for training purposes. Trade #1: EURUSD to TP Trade #2: EURJPY to TP Trade #3+4: GBPJPY to TP and a second to SL Trade #5+6: GBPUSD to TP (both) Trade #7+8: USDCAD to SL (both) Any comments on these trades would be...
Wellcome to the thread.

Are you using the rules of entry from the first page? Some of the trades really dont make much sense to me, like the second GJ trade.
Most of us use some form of the rules Udine posted on post 28362.

Asmodai
  • #33,027
  • Oct 14, 2015 6:52am Oct 14, 2015 6:52am
Quoting Asmodai
{quote} Wellcome to the thread. Are you using the rules of entry from the first page? Some of the trades really dont make much sense to me, like the second GJ trade. Most of us use some form of the rules Udine posted on post 28362. Asmodai
Wow... thanks for the very quick response

Even though I have seen the post you are referring to before, I was trying to stick to Udine's rules from page 1. For some reason they appeared to be clearer to me.
Or are you saying these rule are obsolete and the system needed these changes to still work?

I agree with your comment on the second GJ trade. Same may apply to the second GU trade, even I have been lucky there. I think the better entry may have been on the first M15 bar within this H1 bar. But the following 2 rules from post 1 are a bit conflicting for me:
2. Entry ONLY the FIRST 00 level
20. only 1 trade per hour per pair

Rule 20 made we wait for 1 hour. But probably it rather means 1 trade per H1 bar?

Thanks!
  • #33,028
  • Oct 14, 2015 7:36am Oct 14, 2015 7:36am
EURUSD (M15) +14.3pip.

Trade Ideas:

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


Cheers,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: 8.png Size: 58 KB
Time always comes before price
  • #33,029
  • Oct 14, 2015 7:56am Oct 14, 2015 7:56am
Quoting fx-guy
{quote} Wow... thanks for the very quick response Even though I have seen the post you are referring to before, I was trying to stick to Udine's rules from page 1. For some reason they appeared to be clearer to me. Or are you saying these rule are obsolete and the system needed these changes to still work? I agree with your comment on the second GJ trade. Same may apply to the second GU trade, even I have been lucky there. I think the better entry may have been on the first M15 bar within this H1 bar. But the following 2 rules from post 1 are...
If your using the rules on page 1 its better if you enter only at the start of each hour.

If you look at my recent trades, they are all at the start of the hour. But i enter at .50 and .100 levels

The best example of this are trades from Mastermind.

Asmodai
  • #33,030
  • Oct 14, 2015 7:59am Oct 14, 2015 7:59am
Quoting fxrabbi
EURUSD (M15) +14.3pip. Trade Ideas: 1. Sync in pair. 2. Strength. 3. 5ema trigger. 4. Momentum. Cheers, Yomi. {image}
Good one.

Asmodai
  • #33,031
  • Oct 14, 2015 8:12am Oct 14, 2015 8:12am
Quoting Asmodai
{quote} If your using the rules on page 1 its better if you enter only at the start of each hour. If you look at my recent trades, they are all at the start of the hour. But i enter at .50 and .100 levels The best example of this are trades from Mastermind. Asmodai
Great, thanks for the guidance! Will adapt and below a first example following this. Should also match the other rules from page 1.

Will have a look at your recent posts.
Yes, I already noticed Mastermind is also really a master in this! Quite impressive hit rate. You guys are like snipers

Green pips to all!

Attached Image (click to enlarge)
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  • #33,032
  • Oct 14, 2015 8:13am Oct 14, 2015 8:13am
Quoting Asmodai
{quote} Good one. Asmodai
Thank you my Friend, green pips to every traders.


Yomi.
Time always comes before price
  • #33,033
  • Oct 14, 2015 10:49am Oct 14, 2015 10:49am
Additional trades on GBPJPY = 43.4pips.
Attached Image (click to enlarge)
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Time always comes before price
  • #33,034
  • Oct 14, 2015 2:33pm Oct 14, 2015 2:33pm
Buenas tardes,

Today s 2 trades: AUDJPY and AUDUSD to TP.

LuXing
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Wisdom begins in wonder
  • #33,035
  • Oct 15, 2015 1:25am Oct 15, 2015 1:25am
TP +6

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  • #33,036
  • Oct 16, 2015 8:49am Oct 16, 2015 8:49am
@Udine
I see from your Twiiter feed that you placed two buys and a Sell? Is that correct?
If so, then the rules doesn't make sense as you say 1H and D should be in same direction and it won't within 1-2 hours? First up and then both down?

And I also see two lttle triangle arrows. Do they show trend change? I don't recall seeing that mentioned in the thread unless I missed it?
  • #33,037
  • Oct 16, 2015 11:33am Oct 16, 2015 11:33am
Quoting POC-Trader
@Udine I see from your Twiiter feed that you placed two buys and a Sell? Is that correct? If so, then the rules doesn't make sense as you say 1H and D should be in same direction and it won't within 1-2 hours? First up and then both down? And I also see two lttle triangle arrows. Do they show trend change? I don't recall seeing that mentioned in the thread unless I missed it?
I heard he was trying some new stuff on twitter. If it's not posted here it has nothing to do with this method.
  • #33,038
  • Oct 17, 2015 8:34am Oct 17, 2015 8:34am
My trades from yesterday (friday).
Didn't work really well yesterday. Feedback appreciated... specifically if I missed some essential on these trades...

Or should I focus generally rather on other pairs that work better with this approach?

Trade #1: EURUSD to TP
Trade #2: EURJPY to SL
Trade #3: EURJPY to TP
Trade #4+5+6: GBPJPY to SL
Trade #7: GBPJPY to TP

Regarding trade #2: I did not take level 135.300 as it was too close to DO. Wrong decision or just bad luck?

Any comments on the first 2 GJ trades?

Thanks!!

Attached Image (click to enlarge)
Click to Enlarge Name: 20151016_LT_EA_M15_EURUSD(1).PNG Size: 40 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151016_LT_EA_M15_EURJPY(1).PNG Size: 38 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151016_LT_EA_M15_GBPJPY(1).PNG Size: 41 KB
  • #33,039
  • Oct 17, 2015 11:34am Oct 17, 2015 11:34am
  • #33,040
  • Oct 19, 2015 4:50pm Oct 19, 2015 4:50pm
My trades from today. Not too bad... +6.5 pips. Positive at least

Trade #1: GBPJPY to TP
Trade #2: GBPJPY to SL
Trade #3: GBPUSD to TP
Trade #4+5: USDCAD to TP (both)

Attached Image (click to enlarge)
Click to Enlarge Name: 20151019_LT_EA_M15_GBPJPY(1).PNG Size: 45 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151019_LT_EA_M15_GBPUSD(1).PNG Size: 43 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 20151019_LT_EA_M15_USDCAD(1).PNG Size: 40 KB
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