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As simple as possible: 00 level trading

  • #4,921
  • Jun 24, 2014 1:34am Jun 24, 2014 1:34am
Quoting Ff-fx
Me too : Long GJ @173.60 but stopped @ .57 Good morning my friends. Have a nice green day ;-)
GJ long from 173.60 closed for TP, maybe you need to take a look at your spreads/broker
  • #4,922
  • Jun 24, 2014 1:35am Jun 24, 2014 1:35am
Quoting Patron
{quote} me
GBPJPY profit
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy profit.PNG Size: 87 KB
Donde hay Patron no manda Marinero
  • #4,923
  • Jun 24, 2014 1:38am Jun 24, 2014 1:38am
That can't be a spread issue, SL should have been at the .50 so must have too tight a SL
  • #4,924
  • Jun 24, 2014 1:38am Jun 24, 2014 1:38am
Quoting Patron
{quote} GBPJPY profit {image}
EURJPY profit 4,5 pips only

Candles are so long. Take profit manual.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy profit.PNG Size: 85 KB
Donde hay Patron no manda Marinero
  • #4,925
  • Jun 24, 2014 1:38am Jun 24, 2014 1:38am
GJ +5

One down, one to go, but must dash to Revenue Receiver for a client, so will look when I get back. Damn this system fits my circumstances like a glove

H
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.h1 0836 24062014.png Size: 50 KB
  • #4,926
  • Jun 24, 2014 1:38am Jun 24, 2014 1:38am
Quoting Callum
{quote} GJ long from 173.60 closed for TP, maybe you need to take a look at your spreads/broker
No, to be honnest, it's my stop which was too close...
  • #4,927
  • Jun 24, 2014 1:38am Jun 24, 2014 1:38am
Quoting Udine
interesting discussion going on.. in trading the system/method/strategy (or whatever you want to call it) must FIT YOUR PERSONALITY... because if it does not fit your personality you wont be able to PDF & BCC... suppose you found a system you want to test... check it according to http://www.forexfactory.com/showthre...87923&page=161 (post 3125) then if it fits your personality.... use that system as a guideline (just like this one) and if adjust it to fit your needs. The only and ONLY endresult must be: increased profitability...
Crystal clear summary Udine...........

That really is all that needs to be said......

Masterrmind...........
Master your Mind then Master your Trades
  • #4,928
  • Jun 24, 2014 1:40am Jun 24, 2014 1:40am
Quoting Patron
{quote} EURJPY profit 4,5 pips only Candles are so long. Take profit manual. {image}
Rule 3 my friend..
  • #4,929
  • Jun 24, 2014 1:40am Jun 24, 2014 1:40am
Quoting jmflukeiii
{quote} No need for specifics, but are you on your way? (According to whatever your personal definition of 'shitload of money' is?)

there wont be specifics

I have been able to make plenty weeks of +10 %, so let your imagination do its work....

I also came here to get a shitload of money, but after a while trading profitable we (my wife and me) were able to:
- become debtfree
- create an emergency fund
- create a reserve fund
- start investing in passive income

we realized we dont need a shitload to live comfortable, we realized we are independent and that is the greatest freedom possible...

now we are focussed on other goals than financial ones...
life is so much more relaxed and stressfree now and we soon enough we dont have the "pressure" anymore of having to work (if you can describe forextrading as work)...

we will be able to live off our passive income streams and that will be the day I will retire...

Udine
Sleep less, live fast, as it aint gonna last
  • #4,930
  • Jun 24, 2014 1:40am Jun 24, 2014 1:40am
Good Morning,
Coffee for everyone
Attached Image (click to enlarge)
Click to Enlarge Name: 2_28_11_SupremeCoffee7598.jpg Size: 93 KB
  • #4,931
  • Jun 24, 2014 1:44am Jun 24, 2014 1:44am
Quoting 2013
Good Morning, Coffee for everyone {image}

thx keep them coming

Udine
Sleep less, live fast, as it aint gonna last
  • #4,932
  • Jun 24, 2014 1:46am Jun 24, 2014 1:46am
Quoting Udine
{quote} thx keep them coming Udine
Am glad to serve you all

Edit: EUR Red News upcoming
  • #4,933
  • Jun 24, 2014 1:49am Jun 24, 2014 1:49am
Interesting exercise to go back and look at ej and gj for June and see how many times the price reverts back to the daily open - it hardly ever makes a clean break away without at least one revisit
  • #4,934
  • Jun 24, 2014 1:49am Jun 24, 2014 1:49am
Udine, would you take trades on GJ within the first 30 mins from UK open (GBP news is 1h30 after UK open) ?
MT4/MT5 EAs/Indicators/Alerts coder
  • #4,935
  • Jun 24, 2014 1:50am Jun 24, 2014 1:50am
I've adopted Udine's money management and timing strategy to my own scalping method, so now going for 5 pips and trading only the open.
The only difference is I look for pairs that are breaking out or trending, and I don't wait for the sweetspot.

This morning at the Frankie open there were quite a few of these around....so I took them all (greedy!)

Results:-

GBPJPY: BE
EURJPY: +1%
EURAUD: +1%
NZDCHF: +1%
AUDUSD: +1%
GBPAUD: +1%

Thanks Udine!
Attached Image (click to enlarge)
Click to Enlarge Name: 5 pip scalps frankfurt open.jpg Size: 1.3 MB
  • #4,936
  • Jun 24, 2014 1:52am Jun 24, 2014 1:52am
Quoting FerruFx
Udine, would you take trades on GJ within the first 30 mins from UK open (GBP news is 1h30 after UK open) ?
Yes, but if it is not activated within the first 30 minutes I remove the pending order..

Udine
Sleep less, live fast, as it aint gonna last
  • #4,937
  • Jun 24, 2014 1:55am Jun 24, 2014 1:55am
Quoting arielkorber
I've adopted Udine's money management and timing strategy to my own scalping method, so now going for 5 pips and trading only the open. The only difference is I look for pairs that are breaking out or trending, and I don't wait for the sweetspot. This morning at the Frankie open there were quite a few of these around....so I took them all (greedy!) Results:- GBPJPY: BE EURJPY: +1% EURAUD: +1% NZDCHF: +1% AUDUSD: +1% GBPAUD: +1% Thanks Udine! {image}



exactly what I said in a previous post... adjust to fit your needs as long as it results in INCREASED PROFITABILITY !!

well done !!

Udine
Sleep less, live fast, as it aint gonna last
  • #4,938
  • Jun 24, 2014 2:03am Jun 24, 2014 2:03am
Quoting Udine
{quote} Yes, but if it is not activated within the first 30 minutes I remove the pending order.. Udine
And when the news comes at :00, is it possible to trade at :30 or do we have to wait for the next round hour as usual ?
  • #4,939
  • Jun 24, 2014 2:04am Jun 24, 2014 2:04am
Quoting Udine
{quote} Yes, but if it is not activated within the first 30 minutes I remove the pending order.. Udine
That was my thought. Thank you for confirming
MT4/MT5 EAs/Indicators/Alerts coder
  • #4,940
  • Jun 24, 2014 2:07am Jun 24, 2014 2:07am
GJ to TP

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
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