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Alorente replied Oct 24, 2014I am using Top 8 as an additional filter to the rules as set up by Udine. So, for example, if a pair is green in the Top 8 Daily column, I will enter only long, but only when the H1 and D1 are also green. I am not changing any rules, just adding ...
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014I posted the screenshots but here they are again. I donīt use trailing stop. Just the 10 pip SL and the 5 pip TP.
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014Can someone be good enough to explain to me what cells are supposed to be filled out on the Excel supplied by Udine? I fill out all the cells in the Daily Fills tab, but it doesnīt update the main body of the spreadsheet. I would appreciate the ...
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014I am starting to develop a routine with the system. 10 minutes before London open, I take 6 pairs from the Top 8 Daily column and place the stop orders on the 00 levels in the direction indicated by the color of the pair. Once London opens and the ...
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014Yes. Once you get used to using it, you canīt live without it.
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014Thanks. I would love to see your results when you have them. Yes. the Top 8 Trender indi is cool. I cannot get myself to EVER enter a trade against a strong Daily trend. Thatīs why I use it. What do you mean by CCAA? I am from Madrid and live in ...
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014Thanks. I did read that. Do you have the results of the FxEmpire test?
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014I am not using a trailing stop in my test of Udineīs system. In fact, both winners this morning would have closed at BE had I been using a Trailing Stop. I want to capture the true percentage of winners without TS. I may later do a test with TS and ...
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014Good Morning !!! Two closed positions for winners and 2.6% profit at London open today. I took the positions directly from the Top 8 Daily list and both promptly headed and arrived at TP. This thing is working like a charm. I have another position ...
As simple as possible: 00 level trading
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Alorente replied Oct 24, 2014Thanks for the king words, flx. You have been working with this system for a while... What kind of returns are you getting? Percentage of winners? Etc...
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014I have been thinking of revising the rules and indis on the Extreme TMA thread soon. I wonīt talk about this here. This is Udineīs thread and quite a wonderful system he has put together. I am testing it with a live account and had a successful ...
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014Thanks Meta. I see you use TMA. The Extreme TMA system is still the core of my trading method, even though I have modified it in the last year quite a bit.
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014Correct. The top green trending pairs are 95% of the time above the 50 SMA and the top Red are below the 50 SMA. I still like to look at the chart to make sure, but you donīt have to. The 4 hour is just a confirmation of a strong trend. If a pair is ...
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014True. USDCAD is not a top 8 trender today, but it is in a strong trend and I know the pair very well. Been trading it for years. It also has nice ADR and great volatility for scalping. I am also building a nice position for the Medium Term since I ...
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014Yes. I am following all of Udines rules, with the only addition of my 50 SMA filter. If price is in a strong daily uptrend, only Buys. Strong daily downtrend, only Sells. The stronger the uptrend/downtrend the better. I expect this filter will ...
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014Second Winner on UC for another +5 pips and 2% for the day. Until tomorrow at London Open.
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014Udine, Here is my first trade with your system plus my filter on USDCAD. +5 pips. I chose UC because of the strong daily trend (Above 50MA) in addition to all your other conditions.
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014No. I meant that in addition to the trend definition that Udine has developed, you may get a better percentage if you limit yourself to the correct side of a strong Daily trend. For example: In the UJ chart I attached in my previous post, you would ...
As simple as possible: 00 level trading
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Alorente replied Oct 23, 2014Hello Udine and everyone here. I congratulate you on a well thought out system. Your technical conditions and your money management are sound. I am almost finished reading the entire 1007 pages of the thread
and will be incorporating your ...As simple as possible: 00 level trading
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Alorente commented Sep 12, 2014Yes. The Aussie should drop to the low 80s and Kiwi to the low 70s, but not in a straight line, so there will be trades both ways for the next couple of years. Bear in mind that it is not Aud and Nzd falling as much as is Usd rising. That should be ...
Australian Dollar and Iron Ore Prices