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As simple as possible: 00 level trading

  • #34,661
  • Jan 3, 2017 9:40am Jan 3, 2017 9:40am
Quoting Udine
{quote} Tanwt, the system still works perfectly, but I trade something else now, mainly DAX, super simple... but not going to share here.. cheers, Udine
thx Udine. Hope u r doing great there

btw, what's the min ADR you would recommend?
  • #34,662
  • Edited 10:40am Jan 3, 2017 10:05am | Edited 10:40am
Quoting Udine
{quote} Tanwt, the system still works perfectly, but I trade something else now, mainly DAX, super simple... but not going to share here.. cheers, Udine
If once you understand the basics of trading in general and study then the characteristics of the specific pair you're going to trade, then you can trade almost every instrument in the market. The GER30 or DAX is a very volatile and lucrative instrument btw.
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Good luck everybody.

nasap

Edit:

It's only for demonstration purpose and to underline my statement from above:

5 orders within 25 minutes and all to TP! Sounds easy? It's not, it's the result of 12 years hard work!
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The little nut in your head is called brain. Use it!
  • #34,663
  • Jan 3, 2017 11:22am Jan 3, 2017 11:22am
Quoting nasap
{quote} If once you understand the basics of trading in general and study then the characteristics of the specific pair you're going to trade, then you can trade almost every instrument in the market. The GER30 or DAX is a very volatile and lucrative instrument btw. {image} {image} Good luck everybody. nasap Edit: It's only for demonstration purpose and to underline my statement from above: 5 orders within 25 minutes and all to TP! Sounds easy? It's not, it's the result of 12 years hard work! {image} {image} {image} {image}
But beside the 12 years of hard work , is something more. A great vision of the market, Like you know I study all you're post and I found a lot of the begin stuff you used few years ago are used even today, and present by others like a big think.

So... Congratulation for being always one step ahead of others.
By failing to prepare, you are preparing to fail.
  • #34,664
  • Jan 3, 2017 11:43am Jan 3, 2017 11:43am
Quoting nasap
{quote} If once you understand the basics of trading in general and study then the characteristics of the specific pair you're going to trade, then you can trade almost every instrument in the market. The GER30 or DAX is a very volatile and lucrative instrument btw. {image} {image} Good luck everybody. nasap Edit: It's only for demonstration purpose and to underline my statement from above: 5 orders within 25 minutes and all to TP! Sounds easy? It's not, it's the result of 12 years hard work! {image} {image} {image} {image}
Hi Nasap,

I agree with you 110%.

Any system will work, as the system is about 80 %, but we are the remaining 20 %.... but we are also the weak link.... so get to know yourself, then figure out what system fits you best.. then focus on that..

then become an expert on your system, PPDF & BCC, and remove all the non used stuff and focus on your strength!!

Attached Image



Cheers,

Udine
Sleep less, live fast, as it aint gonna last
  • #34,665
  • Jan 3, 2017 12:52pm Jan 3, 2017 12:52pm
Quoting nasap
{quote} Wishing you guys good luck and many green pips always. nasap
Nasap,

Unfortunately many traders need not good luck, but a miracle to rack up - and keep - many green pips (-;
Thanks very much for your continued free and valuable contribution to the FF community.
A happy New Year and best wishes to you and your team.

LuXing
Wisdom begins in wonder
  • #34,666
  • Edited 1:36pm Jan 3, 2017 1:09pm | Edited 1:36pm
Quoting nasap
{quote} If once you understand the basics of trading in general and study then the characteristics of the specific pair you're going to trade, then you can trade almost every instrument in the market. The GER30 or DAX is a very volatile and lucrative instrument btw. {image} {image} Good luck everybody. nasap Edit: It's only for demonstration purpose and to underline my statement from above: 5 orders within 25 minutes and all to TP! Sounds easy? It's not, it's the result of 12 years hard work! {image} {image} {image} {image}
Hi nasap,
This system is Udine. Clear rules for entry and exit trading system. If you have something to say to open your own trend there and show these my revelations.
if you do not understand this system, read the post No.1. Your entry does not bring anything new to the system

Respect for Udine.

regards
if you're doing we all have results with all
  • #34,667
  • Jan 3, 2017 2:25pm Jan 3, 2017 2:25pm
UDINE , do I ever love your quotes !!! They really make me think about the weakest link , ME !!!!
Thanks ,
GREENEARTH
"Define the risk OUT of your trade"--Mark Douglas
  • #34,668
  • Edited 7:04pm Jan 3, 2017 2:41pm | Edited 7:04pm
Quoting project13et
{quote} But beside the 12 years of hard work , is something more. A great vision of the market, Like you know I study all you're post and I found a lot of the begin stuff you used few years ago are used even today, and present by others like a big think. So... Congratulation for being always one step ahead of others.
Why interfere in other trends? And make your wlsny tred and there yourself be grateful for the wonderful knowledge

Your 12 years of experience do not mean anything here. Start from post No. 1

This system has its own rules .... read post No.1. here there is nothing to change.
if you're doing we all have results with all
  • #34,669
  • Jan 4, 2017 7:00am Jan 4, 2017 7:00am
Quoting jarfx05
{quote} Why interfere in other trends? And make your wlsny tred and there yourself be grateful for the wonderful knowledge Your 12 years of experience do not mean anything here. Start from post No. 1 This system has its own rules .... read post No.1. here there is nothing to change.
i would disagree. the good thread started at post number 1.
but it became a superthread after great traders joined the thread and moved the whole idea of udine into another trader universum.
thats why i recommend to read the whole thread and find many good and useful things for your own system in between the thread.
trading is like dancing, don't think and just listen to the music!
  • #34,670
  • Jan 4, 2017 8:58am Jan 4, 2017 8:58am
Hello,
I would like to learn this system and there for I have the following questions:

What is
- Entry ONLY the FIRST 00 level?
- No short @ .100 level?
- Check ADR? How do I have to do this?
- Distance to BRN> 10 pips?

Thank you for answering my questions! It would help me to under stand it and to use it.

Thanks,
renkotop
  • #34,671
  • Edited 7:56pm Jan 4, 2017 9:22am | Edited 7:56pm
Hello UDINE, Just discover this thread today. Looks very promising, thx !

some questions: when D1/H1 are same color, I place my pending order, after that D1/H1 change to different color, do I cancel the order ? because sometimes I see the color frequently changes, especially at the beginning of the hour when first 15M candle hasn't settled yet.


I tried this system on a demo acc, and got 3 consecutive loss. The first one was GJ long at 144.500， the order got trigger then fell below 144.400, an hour later trend rise again then the same thing happen again. After that I spot an opportunity on EA, I short at 1.43600, then ........

Did I miss something or just bad luck ?


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  • #34,672
  • Edited 3:05am Jan 5, 2017 2:44am | Edited 3:05am
can someone advice me on below

1) what's the min ADR value to consider as high?
2) regarding trading time, does the rule says trade only 1st 2 hours of Frankfurt and London open or any time as long as Frankfurt or London still open?
3) I read somewhere do not trade when price near RgH or RhL. is that correct?
  • #34,673
  • Jan 5, 2017 8:03am Jan 5, 2017 8:03am
Quoting tanwt
can someone advice me on below 1) what's the min ADR value to consider as high? 2) regarding trading time, does the rule says trade only 1st 2 hours of Frankfurt and London open or any time as long as Frankfurt or London still open? 3) I read somewhere do not trade when price near RgH or RhL. is that correct?
not an expert, but here is some pointers...

1. the attached indi ( also in the indi folder in post#1) will show you ADR, in periods average for 5/10/20 days, beyond daily. obviously, if the daily way out of the average values, consider it overextended, and might opt out from taking a trade.
3. relates directly to Q1.
2. the general idea that when new sessions start up ( FFO, LO, NYO) new money enters the market; fuel and boost the moves. but there is no trading time restrictions, really.
also commonly accepted that FFO can be tricky, and by NYO the ranges often extended and ready for a move/snap back ( refer to Q1, ADR).
Attached File(s)
File Type: ex4 xADR_0.2renko.ex4   9 KB | 540 downloads
there is always, always another trade!!
  • #34,674
  • Jan 6, 2017 3:02am Jan 6, 2017 3:02am
Quoting nasap
{quote} If once you understand the basics of trading in general and study then the characteristics of the specific pair you're going to trade, then you can trade almost every instrument in the market. The GER30 or DAX is a very volatile and lucrative instrument btw. {image} {image} Good luck everybody. nasap Edit: It's only for demonstration purpose and to underline my statement from above: 5 orders within 25 minutes and all to TP! Sounds easy? It's not, it's the result of 12 years hard work! {image} {image} {image} {image}
Compliments of the season Nasap please how do i get this trading meter.Thanks
  • #34,675
  • Jan 6, 2017 12:07pm Jan 6, 2017 12:07pm
Quoting jarfx05
{quote} Hi nasap, This system is Udine. Clear rules for entry and exit trading system. If you have something to say to open your own trend there and show these my revelations. if you do not understand this system, read the post No.1. Your entry does not bring anything new to the system Respect for Udine. regards
If you can read (and understand (even more important)) what I wrote, then, there is really nothing new because all I have to say was mentioned a long time ago already. Second, I simply confirmed a statement of the TE.

Hence, just another demonstration of the importance of the strength / weakness of currencies:

CADJPY long @250 TP @300 / USDJPY long @650 TP @700
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NZDUSD short @700 TP @650
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I am not about that you have to use it in your trading, but always keep in mind, besides the main rules of a system exist many other factors!

Good luck to you all and many green pips always.

nasap
The little nut in your head is called brain. Use it!
  • #34,676
  • Edited 8:46pm Jan 6, 2017 8:28pm | Edited 8:46pm
Quoting nasap
{quote} If you can read (and understand (even more important)) what I wrote, then, there is really nothing new because all I have to say was mentioned a long time ago already. Second, I simply confirmed a statement of the TE. Hence, just another demonstration of the importance of the strength / weakness of currencies: CADJPY long @250 TP @300 / USDJPY long @650 TP @700 Ashampoo_Snap_2017.01.06_14h57m28s_078_.png;2129149 Ashampoo_Snap_2017.01.06_15h26m10s_079_.png;2129151 Ashampoo_Snap_2017.01.06_15h27m01s_080_.png;2129153 NZDUSD short @700 TP @650...

Any hint or info regarding Profit and S/L from you're photos.

Thanks in advance,
  • #34,677
  • Jan 6, 2017 8:31pm Jan 6, 2017 8:31pm
Quoting profitfarmer
{quote} not an expert, but here is some pointers... 1. the attached indi ( also in the indi folder in post#1) will show you ADR, in periods average for 5/10/20 days, beyond daily. obviously, if the daily way out of the average values, consider it overextended, and might opt out from taking a trade. 3. relates directly to Q1. 2. the general idea that when new sessions start up ( FFO, LO, NYO) new money enters the market; fuel and boost the moves. but there is no trading time restrictions, really. also commonly accepted that FFO can be tricky, and...
tq. will keep that in mind
  • #34,678
  • Jan 7, 2017 12:10am Jan 7, 2017 12:10am
Quoting Robinho
Good night Neman ,,, thank you !!! I'm always at the opening of London on Skype - robinhocarneiro I'm working a long time on the strength 1x8, and the results are amazing. I do not know why people do not follow this method. Just looking at the strength 1x8 or 1x7 or 2x7 or 2x8. I have already put a lot of pictures and I explained over and over again. I am currently working only with 12 pares.Um friend I went to your account on day 19-11 for me to manage and see the results in 02 days. (Image 01) All major currencies run together, or to one side...
Hello, according to this method, when to enter and leave it?
  • #34,679
  • Jan 7, 2017 4:38pm Jan 7, 2017 4:38pm
Quoting nasap
{quote} If you can read (and understand (even more important)) what I wrote, then, there is really nothing new because all I have to say was mentioned a long time ago already. Second, I simply confirmed a statement of the TE. Hence, just another demonstration of the importance of the strength / weakness of currencies: CADJPY long @250 TP @300 / USDJPY long @650 TP @700 Ashampoo_Snap_2017.01.06_14h57m28s_078_.png;2129149 Ashampoo_Snap_2017.01.06_15h26m10s_079_.png;2129151 Ashampoo_Snap_2017.01.06_15h27m01s_080_.png;2129153 NZDUSD short @700 TP @650...

I would love to see Nasap share your power panel for all of us ... We can not follow your ideas as we do not have the same tool ... I work with my tools from the http: //www.forexfactory topic. Com / showthread.php? P = 8894096 # post8894096.

I would very much like to have this panel that nasap uses ... I believe it is more complete ...

A big hug to everyone.

OBS: I've learned a lot with nasap
  • #34,680
  • Jan 8, 2017 1:15pm Jan 8, 2017 1:15pm
Happy New Year to all traders !!!

This year´s first trades on my live acct.
A lovely JPY basket.

#1 USDJPY to TP
#2 CADJPY to TP
#3 GBPJPY to TP
#4 EURJPY to TP

LuXing
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Wisdom begins in wonder
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