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As simple as possible: 00 level trading

  • #3,841
  • Jun 19, 2014 4:30am Jun 19, 2014 4:30am
Quoting Udine
{quote} nonsense... we are ants in the world of forex... wont chance a damn thing if more people trade this... prices will always cross levels... Udine
AMEN to that statement Udine....we would be poor if they didn't cross those lines!!

Masterrmind..........
Master your Mind then Master your Trades
  • #3,842
  • Jun 19, 2014 4:31am Jun 19, 2014 4:31am
Numerous profitable trades displayed in this thread are not 100% according to Udine's "rules", so for - educational purposes - it would be better for "student" readers to see and hear only about trades made according to the rules. Anyway, what is the point showing such "non-rule" winning trades (ego boost?)

Also, displaying winners done against the rules may give the impression that is worth to break the rules.
  • #3,843
  • Jun 19, 2014 4:31am Jun 19, 2014 4:31am
Check FXOpen ECN acc. for low spreads. Don't know if this firm is trustworthy, I'm on demo.
  • #3,844
  • Jun 19, 2014 4:31am Jun 19, 2014 4:31am
Quoting Udine
{quote} start posting charts !!! Udine
Will do on the next loss, if it will happen
Thank you Udine!

Lately the biggest problem for me is to decide whether I should trade if price (at hour open) is very close to RN or, especially, when it is between ask and bid.
  • #3,845
  • Jun 19, 2014 4:33am Jun 19, 2014 4:33am
Quoting Paracelsus
may give the impression that is worth to break the rules.
That's what also often in my mind lately
  • #3,846
  • Jun 19, 2014 4:34am Jun 19, 2014 4:34am
Quoting Udine
{quote} why not ?? Udine
There you've got another point in my book of records.....Can I be rude and try to answer that for you? Other people wants money for strategy's that don't work because they cant make money with it!!!!! Udine makes enough money ...Bla bla bla..... Udine for president or at least he deserves the Nobel price here guys!!
Enter Signature
  • #3,847
  • Jun 19, 2014 4:35am Jun 19, 2014 4:35am
Quoting messiahua
{quote} Will do on the next loss, if it will happen Thank you Udine! Lately the biggest problem for me is to decide whether I should trade if price (at hour open) is very close to RN or, especially, when it is between ask and bid.
AFAIK, if (for a long) that level is above current price (and H1 & D1 agree) and there is enough space to set a pending, then you set it, and of course the converse is true for a short...

If that line is between the ask bid then you will only be able to set a pending via an ECN broker...regarding RN (big round numbers?) the distance is at least 10 pips, not so for normal 00 levels.

H
  • #3,848
  • Jun 19, 2014 4:35am Jun 19, 2014 4:35am
SL @ gbp/jpy entered the trade at 173.300
  • #3,849
  • Jun 19, 2014 4:37am Jun 19, 2014 4:37am
Quoting wurst
SL @ gbp/jpy entered the trade at 173.300
That will happen from time to time...chill, there will be others

H
  • #3,850
  • Jun 19, 2014 4:39am Jun 19, 2014 4:39am
to udine

So, you need just one pip more.. if the 1 hour candle has started at 38.58 ¿ would it have been correct entry at 38.60? Thanks in advance. You are patiente. Another thing that make me think, is when the daily open is confusing, as there has been activity during midnight. Other day other trading was waiting one red candle and you were waiting one green candle. ¿what do you thing about this???
  • #3,851
  • Jun 19, 2014 4:41am Jun 19, 2014 4:41am
Quoting wurst
SL @ gbp/jpy entered the trade at 173.300
Considering Tokyo open it was the 2nd loss for GBP/JPY today.

The "theoretically" profitable setup was missed because of the "news rule".
  • #3,852
  • Jun 19, 2014 4:42am Jun 19, 2014 4:42am
Quoting FXEmpire
{quote} Udine you live in Italy? If you do.. whats the taxes like for forex? I heard there is not taxes on forex.. is it a fact?
Tax free in the UK if you use their betting strategy, its transparent in use but ganbling is tax free in the UK :-)
  • #3,853
  • Jun 19, 2014 4:42am Jun 19, 2014 4:42am
took a hit at gj 300LV..

200LV was not even a signal.. the 1pip rule..
Passion, Persist, Patience, Protect
  • #3,854
  • Jun 19, 2014 4:43am Jun 19, 2014 4:43am
Quoting photize
{quote} Tax free in the UK if you use their betting strategy, its transparent in use but ganbling is tax free in the UK :-)
thx..
Passion, Persist, Patience, Protect
  • #3,855
  • Jun 19, 2014 4:43am Jun 19, 2014 4:43am
Quoting messiahua
{quote} That's what also often in my mind lately
You are not the only one with net losses today.
  • #3,856
  • Jun 19, 2014 4:48am Jun 19, 2014 4:48am
Today trade #02

gj stopped

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-19_GJ_02_ST.png Size: 41 KB
Healthy, Wealthy & Steady!!
  • #3,857
  • Jun 19, 2014 4:48am Jun 19, 2014 4:48am
Quoting Paracelsus
Numerous profitable trades displayed in this thread are not 100% according to Udine's "rules", so for - educational purposes - it would be better for "student" readers to see and hear only about trades made according to the rules. Anyway, what is the point showing such "non-rule" winning trades (ego boost?) Also, displaying winners done against the rules may give the impression that is worth to break the rules.

those thing happen when people are learning a new way of trading.... the road of success is covered with mistakes...

Udine
Sleep less, live fast, as it aint gonna last
  • #3,858
  • Jun 19, 2014 4:48am Jun 19, 2014 4:48am
Quoting Udine
I missed both EJ and GJ... too close.. patience Udine
on the long term trading, you will avoid looses like this, it's only luck here ^^
Trade Safe !
  • #3,859
  • Jun 19, 2014 4:48am Jun 19, 2014 4:48am
Quoting NewToForex14
{quote} just curious...because most of the people wouldnt...
If a rich man is proud of his wealth, he should not be praised until it is known how he employs it.
Socrates
  • #3,860
  • Jun 19, 2014 4:51am Jun 19, 2014 4:51am
I would be happy as if this refreshed automatically
Whats That? you're trading What?
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