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As simple as possible: 00 level trading

  • #4,681
  • Jun 23, 2014 3:50am Jun 23, 2014 3:50am
Quoting Udine
{quote} yes, because the ADR was small and the EJ was in sync with the GJ Udine
cool, thought so.. thx again
Passion, Persist, Patience, Protect
  • #4,682
  • Jun 23, 2014 3:51am Jun 23, 2014 3:51am
Thanks Udine,

Hit TP for both EJ & GJ. Still having the slippage issues. Entry is perfect no slippage. Set TP at 5 Pips for both, but it hit TP EJ with 7.6 Pips & GJ with 4.7 pips. Not complaining much as today im at the better side.

Done for today, see you guys Frankfurt tomorrow!
Attached Image (click to enlarge)
Click to Enlarge Name: 23062014 GJ-EJ WON.jpg Size: 340 KB
  • #4,683
  • Jun 23, 2014 3:53am Jun 23, 2014 3:53am
Done for today EJ and GJ +10
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_GJ 23.06.14.png Size: 45 KB
  • #4,684
  • Jun 23, 2014 3:58am Jun 23, 2014 3:58am
Are we back on GU and EU as RmDn is red for EJ and GJ, Udine ?
  • #4,685
  • Jun 23, 2014 4:01am Jun 23, 2014 4:01am
Quoting Ff-fx
Are we back on GU and EU as RmDn is red for EJ and GJ, Udine ?

my GJ is not red yet...

and did you reach your daily target already ??

Udine
Sleep less, live fast, as it aint gonna last
  • #4,686
  • Jun 23, 2014 4:04am Jun 23, 2014 4:04am
Quoting Udine
Life is beautiful !! EJ & GJ to TP Udine {image}
Udine, can you share which broker are you using? Thx

Eric O.
  • #4,687
  • Jun 23, 2014 4:05am Jun 23, 2014 4:05am
Quoting Ff-fx
Are we back on GU and EU as RmDn is red for EJ and GJ, Udine ?
I hope you are setting your lot size exactly equal to make profit of 1% of your equity for each trade. Because thats the whole idea. With this system the goal is to make 2% profit every day, so if you are using fixed lot size it means you have already some big amount of money in your account and so 10 pips a day is enough. If not, your 10 pips a day will get you to the point in million years.. I hope everybody here following the system is aware of that.

Happy Trades
Focus only on what truly matters!
  • #4,688
  • Jun 23, 2014 4:05am Jun 23, 2014 4:05am
Udine... or guys with experience, a question for you...

let say banks traders in London, what time they are using for daily open... is it London open at 8 00, or New York close ? or each bank has different daily open on their platform, just like us...
  • #4,689
  • Jun 23, 2014 4:11am Jun 23, 2014 4:11am
Would you place an order on the open line ever?
Dreaming is hard work...
  • #4,690
  • Jun 23, 2014 4:11am Jun 23, 2014 4:11am
Quoting Ata-Turkoglu
{quote} I hope you are setting your lot size exactly equal to make profit of 1% of your equity for each trade. Because thats the whole idea. With this system the goal is to make 2% profit every day, so if you are using fixed lot size it means you have already some big amount of money in your account and so 10 pips a day is enough. If not, your 10 pips a day will get you to the point in million years.. I hope everybody here following the system is aware of that. Happy Trades

Not know others, for mine case, i am still testing this system.

Currently, if i use 10pips of 2% account, what i would see for my account is very clearly. I will blow it soon.
Outcome is not important at all, but correct technique is what only matters
  • #4,691
  • Jun 23, 2014 4:13am Jun 23, 2014 4:13am
Quote
and did you reach your daily target already ??

Not yet.

Quote
my GJ is not red yet...

Mine is...

I'm going to send you a PM to ask you your broker as there are many differences between your and mine.
I had a BE SL on EJ last hour that you didn't have while we had the same entry level and the same rules : 3.5 TS @ BE...

I've decided to stick 100% to the rules from now on as you said last friday.
So I need to have the same data to compare.

Thanks for all Udine :-)
  • #4,692
  • Jun 23, 2014 4:18am Jun 23, 2014 4:18am
Quoting szpowerx
{quote} Not know others, for mine case, i am still testing this system. Currently, if i use 10pips of 2% account, what i would see for my account is very clearly. I will blow it soon.
That's exactly what I am saying.. you said "done for today +10 pips"... but what I understand is actually if you didnt make a gain of 2% then you are not done for the day by means of the system.. so just wanted to point a finger on that misunderstanding lots of mates do here, thinking they follow the system where they actually don't.

Happy Trades
Focus only on what truly matters!
  • #4,693
  • Jun 23, 2014 4:18am Jun 23, 2014 4:18am
Quoting Ata-Turkoglu
{quote} I hope you are setting your lot size exactly equal to make profit of 1% of your equity for each trade. Because thats the whole idea. With this system the goal is to make 2% profit every day, so if you are using fixed lot size it means you have already some big amount of money in your account and so 10 pips a day is enough. If not, your 10 pips a day will get you to the point in million years.. I hope everybody here following the system is aware of that. Happy Trades

WRONG !!!

Attached Image


In a year from 1K to 110K, with 2 % / day or 10 pips / day..

so your remark : "If not, your 10 pips a day will get you to the point in million years.." is absolutely WRONG !!

cheerse

Udine
Sleep less, live fast, as it aint gonna last
  • #4,694
  • Jun 23, 2014 4:20am Jun 23, 2014 4:20am
Quoting NewToForex14
Udine... or guys with experience, a question for you... let say banks traders in London, what time they are using for daily open... is it London open at 8 00, or New York close ? or each bank has different daily open on their platform, just like us...

stop thinking, if my broker would open 1 hour earlier or 2 hours later, i still would not change my set up

Its not that important.. FOCUS ON TRADING !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,695
  • Jun 23, 2014 4:20am Jun 23, 2014 4:20am
Quoting rhonamary
Would you place an order on the open line ever?

no

udine
Sleep less, live fast, as it aint gonna last
  • #4,696
  • Jun 23, 2014 4:31am Jun 23, 2014 4:31am
Quoting Udine
{quote} WRONG !!! {image} In a year from 1K to 110K, with 2 % / day or 10 pips / day.. so your remark : "If not, your 10 pips a day will get you to the point in million years.." is absolutely WRONG !! cheerse Udine
I'm agree with Udine but you will never do 2% per day each week per year.
Why ?
Because there are average 10 public holidays per year and you can have some loosing days or flat days so you'll never reach this amount in 1 year but with PDF you can earn a good amount to live...
Trade Safe !
  • #4,697
  • Jun 23, 2014 4:32am Jun 23, 2014 4:32am
good morning

ey no trade know Rmdn=7

i look gj and gu

to start today
thanks
  • #4,698
  • Edited 4:58am Jun 23, 2014 4:33am | Edited 4:58am
Quoting Udine
{quote} WRONG !!! {image} In a year from 1K to 110K, with 2 % / day or 10 pips / day.. so your remark : "If not, your 10 pips a day will get you to the point in million years.." is absolutely WRONG !! cheerse Udine
Udine actually yor example is wrong.. (I don't even mention your example assumes only winners and don't include losers but lets keep that out).. your example is wrong if we are talking of a 2% gain with 10 pips. I explain with the values on your table:
1-) turning 1.480 to 2.190 means a gain of 710 euros. If you make 710 euros with 10 pips you are having ~4.8% profit.. your daily lot size must be 0.5.. so I am talking of 2% gain rule. Here you broke your own rule already.
2-) turning 2190 to 3.242 means a gain of 1052 euros. Again if you make 1052 euros with 10 pips you will have ~~4.8% profit.. but now your lot size must be 0.75..

So I am not wrong by saying in case of a "fixed lot size".. your example is using a growing lot size.. it doesn't prove me wrong.

Happy Trades
Focus only on what truly matters!
  • #4,699
  • Jun 23, 2014 4:33am Jun 23, 2014 4:33am
Quoting Udine
{quote} yes, because the ADR was small and the EJ was in sync with the GJ Udine
how do I apply RmUp, RmDn, T ....to this method pls? I only know ADR, the rest look alien to me. thanks for million pips...
Appreciation is the key to wealth and happiness
  • #4,700
  • Jun 23, 2014 4:34am Jun 23, 2014 4:34am
Quoting Goodgame42
{quote} I'm agree with Udine but you will never do 2% per day each week per year. Why ? Because there are average 10 public holidays per year and you can have some loosing days or flat days so you'll never reach this amount in 1 year but with PDF you can earn a good amount to live...
Yep, but I guess that's why there are "bonus trades"?
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