If you trade like me, you'll be homeless and broke within a week.
Goldilocks All Time Return:
1.8%
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
DislikedCan someone recommend me a good broker please??? I have 2 brokers but I cant trade profitabily with them using Udine's method. 1) IC Markets - there is always slippage (I am talking about no news release) between 1 to 2 pips when I put my buy/sell stop at the 00 level. This is frustrating as I always get stop out or cannot reach my TP level because of the slippage SL becomes nearer and TP becomes further. However, there is no minimum pip distance for pending orders. 2) FX Primus - seldom slippage but pending orders can only be placed at least 3-4...Ignored
Disliked{quote} That's what happens 8 hours before FOMC and NFP. Go have some beauty sleep, wake up in 6 hours, 30 mins to warm up, then trade 3:30pm EST. And you will be a happy trader. There will be lots of residual movements during TO and HK open. But will deliberately miss for the European acid test. {quote} No. {quote} Thanks for your inputs. But I am adamant to see this exit strategy to completion without any adjustments midway. To see the first account do what second did is just astonishing. I cannot fathom that entries and exits could be this simple....Ignored
Dislikedquestion for those who trade lots of different currency pairs (specifically masterrmind, or JibalaPasan, or anyone else) When looking at the Psylevels Dashboard, looking for a good set up to trade, what are you looking for? If the day and the hourly are both the same color, then likely the move has already happened. Are you looking for a pull back? (IE Red daily, green hourly or vice versa) I have enough screen time, that I can generally spot a good set up fairly quickly, but scrolling through numerous currency pairs is time consuming, (just thinking...Ignored
DislikedStop out at 17.7 pips, better than 5 Also, wouldn't expect anymore pips in this session, slightly below average but no news coming {image} {image}Ignored
Disliked{quote} Re IC MArkets slippage: if that is live account, you really should take them to task - this is what they promise = The world's first True ECN forex broker IC Markets True ECN trading environment allows you to trade online on institutional grade liquidity from the worlds leading investment banks and dark pool liquidity execution venues, allowing you to trade on spreads from 0.0 pips. You can now trade along side the worlds biggest banks an institutions with your order flowing straight into our true ECN environment. Other than that,...Ignored
Disliked{quote} Little example, how reliably ICM is (ironically)! The low is located @1.51353, TP @1.51418 for EURNZD. That's a 6.5 PIP. Spread varied between 3.0 - 3.9 before the TP . ICM has doubled it's spread just before TP! Thus it was not possible to hit TP! It seems ICM is exactly to compare with Oanda, the leader of all bucket shops in the forex market! {image} It's better not to deal with such brokers! Don't be blinded by the favorable spreads! JibalaIgnored
Disliked{quote} Why are you even thinking of trading this method on EUR-NZD ??? It will eat you up & spit you out! How about the YEN pairs? they must be better spreadsIgnored
DislikedAnd here are the results based on running balance as of Jan 7th, 2015 HIGHLIGHTS: 4. Maintained lot size because I wanted to see if my theory in #3 happens, which apparently, it does. 5. For entries: No pivots. No candle formations. No price action. No nothing was used.Ignored
DislikedNobody catching any trades? Come on, it's only 5 pips It sure seems slow market thoughIgnored
DislikedExit strat, M15 close; the candle where either the +5 or -10 was hit. Total: +15 13 days left to observe. I am considering trading on the 2nd and 3rd hours of NY (30 minutes after red news). Not yet EOB. Click image for original rendering. Black pips to all! {image}Ignored
DislikedExit strat, M15 close; the candle where either the +5 or -10 was hit. Total: +15 13 days left to observe. I am considering trading on the 2nd and 3rd hours of NY (30 minutes after red news). Not yet EOB. Click image for original rendering. Black pips to all! {image}Ignored
Disliked{quote} Yelena, Most of the times I've noticed that you trade the 1st 15m candle of the hour, but sometimes you also enter on the 3rd or 4th candle . Looking on today's trades especially at the last trade, GBPJPY where u took 5p profit I was wondering why u entered there. Why not on the 2nd candle of the hour at .100 or even at the 3rd at .200? Thanks in advance for your explanationIgnored