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As simple as possible: 00 level trading

  • #4,381
  • Jun 20, 2014 5:54am Jun 20, 2014 5:54am
I was as "disrespectful" to Udine as he was to me about my posts... (I did not ask His Majesty Sir Udine Guru's opinion about my posts, especially publicly... He could have just PM me his view about them...)

Yes, I will keep on being the "official troublemaker" to keep things in perspective for all "wide-eye" newcomers.

Just as a start:

1. There are no easy riches, especially not with a strategy which requires at least an 8:2 Win:Loss ratio to make it profitable. How sustainable would that be...?

2. Udine had mentioned that he could write a book about the "discretionary" elements he uses... And no one will read that book ever as we have learnt... How convenient is that... ? So, good luck to all getting the same results without the "discretionary" elements.

3. As someone had already mentioned in this thread, backtesting this strategy for a few months had resulted in practically BE results. The only edge of it was to stop trading after 2 x 5 pips profit. What an Edge...!!!! I have to admit that this unique Edge has been wrapped around by a nice and logical strategy catching fire very fast. Well done!
  • #4,382
  • Jun 20, 2014 5:56am Jun 20, 2014 5:56am
Quoting Paracelsus
I was as "disrespectful" to Udine as he was to me about my posts... (I did not ask His Majesty Sir Udine Guru's opinion about my posts, especially publicly... He could have just PM me his view about them...) Yes, I will keep on being the "official troublemaker" to keep things in perspective for all "wide-eye" newcomers. Just as a start: 1. There are no easy riches, especially not with a strategy which requires at least an 8:2 Win:Loss ratio to make it profitable. How sustainable would that be...? 2. Udine had mentioned that he could write a book...

JUST PUT ON IGNORE!!!

Enjoy the weekend

Udine
Sleep less, live fast, as it aint gonna last
  • #4,383
  • Jun 20, 2014 5:57am Jun 20, 2014 5:57am
Another loss today
EA -10
total today -10
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  • #4,384
  • Jun 20, 2014 6:01am Jun 20, 2014 6:01am
eu 000 lv tp
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Passion, Persist, Patience, Protect
  • #4,385
  • Jun 20, 2014 6:07am Jun 20, 2014 6:07am
GJ with TS
EJ with TS
  • #4,386
  • Jun 20, 2014 6:11am Jun 20, 2014 6:11am
Quoting MKFXTrader
Just FYI-Large stop losses are building at the 1.3580 E/U level.
Tks for the info. I am in my mid-70s. Such info helps me plan trades according to Udine rules. I wish I could post my charts. But too busy reading new posts arriving one after another.
  • #4,387
  • Jun 20, 2014 6:17am Jun 20, 2014 6:17am
Quoting mark0529
{quote} Tks for the info. I am in my mid-70s. Such info helps me plan trades according to Udine rules. I wish I could post my charts. But too busy reading new posts arriving one after another.
Welcome Mark. I also use extensive info to plan my trades. I'll share them on here when I find it to be useful. With this thread, Udine has helped opened my eyes regarding entry. Thumbs up buddy. Wish you great health and many green pips.
  • #4,388
  • Jun 20, 2014 6:18am Jun 20, 2014 6:18am
Quoting Udine
GJ out by trailstop Udine {image}
I think the time after 12 ish UK time is a bit of a meandering lull until NY open. All the big players will be having lunch.

Mines ready now as well, if you can't beat them...

good weekend all.

PG
  • #4,389
  • Jun 20, 2014 6:19am Jun 20, 2014 6:19am
EU +5
total today -5

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  • #4,390
  • Jun 20, 2014 6:19am Jun 20, 2014 6:19am
Quoting mark0529
{quote} Tks for the info. I am in my mid-70s. Such info helps me plan trades according to Udine rules. I wish I could post my charts. But too busy reading new posts arriving one after another.
Welcome Mark,

No need to rush it Mark, the markets will be there next week, month , year as well, so take your time

Udine
Sleep less, live fast, as it aint gonna last
  • #4,391
  • Jun 20, 2014 6:19am Jun 20, 2014 6:19am
it's all about YOU.. ya YOU.. the mirror

see for yourself live..

You got the ZO man, who is making money while having sex at the same time, lol

..and you got the hercules.. just killing himself with unnecessary pessimism and negativity..

.. don't ever underestimate the power of positivity and optimism.. does wonders..

try to capture that anyhow you can.. get it even if you have to feed the gist mass a day till you own it for each and every living day..

sorry for the rate R thing.. lol.. kids close yo eyes..
Passion, Persist, Patience, Protect
  • #4,392
  • Jun 20, 2014 6:24am Jun 20, 2014 6:24am
Quoting MKFXTrader
{quote} Welcome Mark. I also use extensive info to plan my trades. I'll share them on here when I find it to be useful. With this thread, Udine has helped opened my eyes regarding entry. Thumbs up buddy. Wish you great health and many green pips.
Tks kindly. You give me courage to trade on and live on. Amazing to find good people like you form this thread.
  • #4,393
  • Jun 20, 2014 6:25am Jun 20, 2014 6:25am
GJ -10
  • #4,394
  • Jun 20, 2014 6:29am Jun 20, 2014 6:29am
Quoting mark0529
{quote} Tks kindly. You give me courage to trade on and live on. Amazing to find good people like you form this thread.
  • #4,395
  • Jun 20, 2014 6:31am Jun 20, 2014 6:31am
Quoting Udine
{quote} Welcome Mark, No need to rush it Mark, the markets will be there next week, month , year as well, so take your time Udine
Many tks as always. I could not yet post my charts. I sold EU @1.36000. Set SL. BUt forgot to set TP. Have cheked the price. It's 1.35889. So, reset to close it at 1.35889+3.5pips. Hope I am not ignoring the rules.
  • #4,396
  • Jun 20, 2014 6:33am Jun 20, 2014 6:33am
Quoting mark0529
{quote} Many tks as always. I could not yet post my charts. I sold EU @1.36000. Set SL. BUt forgot to set TP. Have cheked the price. It's 1.35889. So, reset to close it at 1.35889+3.5pips. Hope I am not ignoring the rules.
nope

Udine
Sleep less, live fast, as it aint gonna last
  • #4,397
  • Jun 20, 2014 6:36am Jun 20, 2014 6:36am
Quoting Udine
{quote} nope Udine
Sigh of relief. Cos ignoring rules could lead to ultimate failure in FX as in many other things in life.
  • #4,398
  • Jun 20, 2014 6:43am Jun 20, 2014 6:43am
Finally the EJ to TP

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #4,399
  • Jun 20, 2014 6:46am Jun 20, 2014 6:46am
E/U +10 pips. TSL hit.
  • #4,400
  • Jun 20, 2014 6:48am Jun 20, 2014 6:48am
Quoting Udine
Finally the EJ to TP Udine {image}
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