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As simple as possible: 00 level trading

  • #2,241
  • Jun 13, 2014 4:46am Jun 13, 2014 4:46am
Quoting Goodgame42
{quote} Yes I will. +9% since Tuesday it's good
wow , its 20 times more than bank pays me here....
  • #2,242
  • Jun 13, 2014 4:48am Jun 13, 2014 4:48am
Quoting Goodgame42
{quote} Yes I will. +9% since Tuesday it's good
Nice one. You got Ohhh La La whole week...
Ohhh baby don't be shy...I see 2% spark flashing in your eye...Baby 2% come with me and be my Oohh La la...
Inserted Video
  • #2,243
  • Jun 13, 2014 4:49am Jun 13, 2014 4:49am
This is not to spoil your weekend mood.

Yesterday
=====
got 3 loss and 2 TS.
points = -7.4
percentage = -1..83%
http://www.forexfactory.com/showthre...59#post7534159

Today
====
Another TS on EJ.
  • #2,244
  • Jun 13, 2014 4:50am Jun 13, 2014 4:50am
Thanks all !
Yeah, the goal is to be consistently in profit !
Trade Safe !
  • #2,245
  • Jun 13, 2014 4:57am Jun 13, 2014 4:57am
Quoting pannet1
This is not to spoil your weekend mood. Yesterday ===== got 3 loss and 2 TS. points = -7.4 percentage = -1..83% http://www.forexfactory.com/showthre...59#post7534159 Today ==== Another TS on EJ.

too big spreads maybe ??

Udine
Sleep less, live fast, as it aint gonna last
  • #2,246
  • Jun 13, 2014 5:01am Jun 13, 2014 5:01am
Quoting pannet1
This is not to spoil your weekend mood. Yesterday ===== got 3 loss and 2 TS. points = -7.4 percentage = -1..83% http://www.forexfactory.com/showthre...59#post7534159 Today ==== Another TS on EJ.
Yes TS hit for me also, i reported the issue to my broker, that hitting TS within few pips to Profit, they asked me to lower the take profit by few pips to have edge over other traders who keep the same take profit....
  • #2,247
  • Jun 13, 2014 5:03am Jun 13, 2014 5:03am
Quoting mathprav
{quote} Yes TS hit for me also, i reported the issue to my broker, that hitting TS within few pips to Profit, they asked me to lower the take profit by few pips to have edge over other traders who keep the same take profit....
Sleep less, live fast, as it aint gonna last
  • #2,248
  • Jun 13, 2014 5:06am Jun 13, 2014 5:06am
Quoting Udine
{quote}
  • #2,249
  • Jun 13, 2014 5:07am Jun 13, 2014 5:07am
buy EJ @ 138.400 -> SL
why i didn't buy at 138.300?
that's how it goes for me right now
  • #2,250
  • Jun 13, 2014 5:07am Jun 13, 2014 5:07am
E/A out at +40 pips . G/U +20 earlier today. 2 Trades=2 Winners=60 pips

I have to Thank Udine once again. You've really helped me better time my entries. Been trading a while now, but I've learned quite a bit with the info you have shared here. This goes to show, that as a trader, we should never stop learning. Always be open minded to new things. You never know how it can help you elevate your trading.


Cheers Udine
  • #2,251
  • Jun 13, 2014 5:08am Jun 13, 2014 5:08am
The last trade for me this week I swear
Scalp EJ +2.9pips, closed in 5 seconds
I will can take dessert at the restaurant
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 2 KB
Trade Safe !
  • #2,252
  • Jun 13, 2014 5:10am Jun 13, 2014 5:10am
Quoting messiahua
buy EJ @ 138.400 -> SL why i didn't buy at 138.300? that's how it goes for me right now
Proablely you enter at RmUP--Red
  • #2,253
  • Jun 13, 2014 5:10am Jun 13, 2014 5:10am
Quoting hugecat
{quote} I've been jumping from method to method for 4 years now. None would give me as much confidence as the current one. I'm not quitting my job yet, cause I've done it twice already thinking that I could live of FX But if it shows same results as it does now for 6 months - I'm quitting my job and moving to Lisboa or Barcelona for the winter
Once volatility picks up, your stats will change.
You need to figure out how to change the system, when the market changes.
I have been trading this system when GJ volatility was over 200 ADR,
and even more recently, under 100 ADR.

I also look at other volatility measures to get a precise stop.

I adjust and tweak the variables of the system to account for this.
These variables are pair specific.

I notice this thread has only been around since June during low volatility.
That is fine.
  • #2,254
  • Jun 13, 2014 5:12am Jun 13, 2014 5:12am
Quoting 2013
{quote} Proablely you enter at RmUP--Red
Quoting Goodgame42
The last trade for me this week I swear Scalp EJ +2.9pips, closed in 5 seconds I will can take dessert at the restaurant {image}
Wow
  • #2,255
  • Jun 13, 2014 5:14am Jun 13, 2014 5:14am
Quoting mathprav
{quote}

check your pm

Udine
Sleep less, live fast, as it aint gonna last
  • #2,256
  • Jun 13, 2014 5:14am Jun 13, 2014 5:14am
Quoting MKFXTrader
E/A out at +40 pips . G/U +20 earlier today. 2 Trades=2 Winners=60 pips I have to Thank Udine once again. You've really helped me better time my entries. Been trading a while now, but I've learned quite a bit with the info you have shared here. This goes to show, that as a trader, we should never stop learning. Always be open minded to new things. You never know how it can help you elevate your trading. Cheers Udine

KILLER TRADĪNG !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #2,257
  • Jun 13, 2014 5:22am Jun 13, 2014 5:22am
Quoting Udine
{quote} KILLER TRADĪNG !!! Udine
You may now have realized, it is not about timing your Entries.
It is all about EXIT efficiency. It has nothing to do with the Entry.

You can take an entry anywhere and make money.
  • #2,258
  • Jun 13, 2014 5:30am Jun 13, 2014 5:30am
Quoting Edbegs
{quote} You may now have realized, it is not about timing your Entries. It is all about EXIT efficiency. It has nothing to do with the Entry. You can take an entry anywhere and make money.
I think you're missing the boat. You shouldn't make such a blanket statement while failing to elaborate in detail. There are a lot of newbies on here. We all know that every trade is a winning trade. But what comes with that kind of mindset and success? What is important though is that MOST traders do not want large drawdowns or use complicated systems full of lagging indicators. This system is simple price action design around the importance of ENTRY for quick scalps. Bank your profit and move on to the next. SL kept to a minimum. No LARGE drawdowns. Minimize stress level.
  • #2,259
  • Jun 13, 2014 5:39am Jun 13, 2014 5:39am
Quoting MKFXTrader
{quote} I think you're missing the boat. You shouldn't make such a blanket statement while failing to elaborate in detail. There are a lot of newbies on here. We all know that every trade is a winning trade. But what comes with that kind of mindset and success? What is important though is that MOST traders do not want large drawdowns or use complicated systems full of lagging indicators. This system is simple price action design around the importance of entry and quick scalps. Bank your profit and move on. SL kept to a minimum. No LARGE drawdowns....
I have been trading this way since 2008.

It is not about the entries and the lines.
It is about bias, momentum, and volatility.

The lines are a training mechanism, just to get you into the trade.
  • #2,260
  • Jun 13, 2014 5:42am Jun 13, 2014 5:42am
There are underlying principles here that have yet to be explained.

I think those of you trading this system could benefit, so that when market conditions change
you know how to tweak this, so you can stay profitable.
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