OK, I've read everyone's comments here..... and you know who I agree with ??
Everyone.
I think on the balance I agree with everyone's points of view. From the one's who will say that the system doesn't work to the one's who will swear that it does.
Those that say volatility is the problem lately, I believe it is. I believe the system works and I believe it doesn't work. I believe it certainly can work and it also can't.
Welcome to the dark side of trading.
There's no cookie-cutter system that will make everyone who tries it easily successful.
The one's I saw losing the biggest weren't following the rules at all. And to think that the rules - Udines Rules - are going to make everyone rich is ridiculous.
That's not how it works. If there were a system that could truly be so rule based as to be able to be coded into a very disciplined ea, it would not even be for sale, let alone given away for free. The banks would pay 9 figures for the algorithm. Wake up.
To think that a new trader with no experience can just pick up a computer, make a half-assed attempt at reading the thread and sit back and watch every trade just magically go their way - Ugh <face-plant>
There's nothing wrong with THIS thread either. Talk it out. Figure it out. Work it out. Modify what works for your own personality. Take what you can and make it work for you, or take a piece of it with you (PDF/BCC). Congratulations. You're learning, and growing up along the way.
But when you push that button. I repeat..... When YOU PUSH that button, you dam well take the responsibility for pushing it.
No one said it would be easy, but I can promise you it will be the hardest thing you have ever even dreamed about doing. In fact, just walk away. It only gets harder.
When volatility picks up.... your 10 pip stops are gonna get smoked in 3 seconds. That was fun. Now dry up those tears 'cause it's gonna still keep getting harder. No free lunch kids. And no little leagues to practice your skills against other young traders. Every game is a World Series game. And yes..... no matter who your coach is you're prolly gonna get your ass handed to you.
Udines approach might make it easier for you. Well.... I meant a little bit less hard.
Welcome to the dark side of trading.
Everyone.
I think on the balance I agree with everyone's points of view. From the one's who will say that the system doesn't work to the one's who will swear that it does.
Those that say volatility is the problem lately, I believe it is. I believe the system works and I believe it doesn't work. I believe it certainly can work and it also can't.
Welcome to the dark side of trading.
There's no cookie-cutter system that will make everyone who tries it easily successful.
The one's I saw losing the biggest weren't following the rules at all. And to think that the rules - Udines Rules - are going to make everyone rich is ridiculous.
That's not how it works. If there were a system that could truly be so rule based as to be able to be coded into a very disciplined ea, it would not even be for sale, let alone given away for free. The banks would pay 9 figures for the algorithm. Wake up.
To think that a new trader with no experience can just pick up a computer, make a half-assed attempt at reading the thread and sit back and watch every trade just magically go their way - Ugh <face-plant>
There's nothing wrong with THIS thread either. Talk it out. Figure it out. Work it out. Modify what works for your own personality. Take what you can and make it work for you, or take a piece of it with you (PDF/BCC). Congratulations. You're learning, and growing up along the way.
But when you push that button. I repeat..... When YOU PUSH that button, you dam well take the responsibility for pushing it.
No one said it would be easy, but I can promise you it will be the hardest thing you have ever even dreamed about doing. In fact, just walk away. It only gets harder.
When volatility picks up.... your 10 pip stops are gonna get smoked in 3 seconds. That was fun. Now dry up those tears 'cause it's gonna still keep getting harder. No free lunch kids. And no little leagues to practice your skills against other young traders. Every game is a World Series game. And yes..... no matter who your coach is you're prolly gonna get your ass handed to you.
Udines approach might make it easier for you. Well.... I meant a little bit less hard.
Welcome to the dark side of trading.