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As simple as possible: 00 level trading

  • #6,341
  • Jun 29, 2014 10:01am Jun 29, 2014 10:01am
Quoting HitTheBid
Let's get back on topic..... 20 pages of shit.
  • #6,342
  • Jun 29, 2014 10:28am Jun 29, 2014 10:28am
Quoting pj9999
{quote} Listen forget about it we are obviously not going to agree on the reasons for doing so....discussion closed and i wont bring it up again..

Halleluiah..
lol


now, on second thought.. let us see your fking statement
Passion, Persist, Patience, Protect
  • #6,343
  • Jun 29, 2014 10:37am Jun 29, 2014 10:37am
Quoting FXEmpire
now, on second thought.. let us see your fking statement
MT4/MT5 EAs/Indicators/Alerts coder
  • #6,344
  • Jun 29, 2014 10:39am Jun 29, 2014 10:39am
OK. Fires nearly out. No need to provide oxygen....
  • #6,345
  • Jun 29, 2014 10:41am Jun 29, 2014 10:41am
Quoting pj9999
{quote} no i,m not....i was looking for him to show his account at the bottom of his trading platform each time he posts a picture of his chart
You were requesting to show the account balance :

Quoting pj9999
Hi Udine, Since you post numerous times every few hours on this tread,why don't you post a 10 min video of you trading?? showing your account balance at the bottom..?It would be just as easy as commenting all the time
You are ridiculous ... Case closed.
MT4/MT5 EAs/Indicators/Alerts coder
  • #6,346
  • Jun 29, 2014 10:42am Jun 29, 2014 10:42am
Quoting HitTheBid
OK. Fires nearly out. No need to provide oxygen....
I did it again !!!
MT4/MT5 EAs/Indicators/Alerts coder
  • #6,347
  • Jun 29, 2014 10:44am Jun 29, 2014 10:44am
Quoting FerruFx
{quote} I did it again !!!
I'll put yours down as a back burn operation.....
  • #6,348
  • Jun 29, 2014 10:48am Jun 29, 2014 10:48am
Quoting Masterrmind
{quote} Большой видеть ваш анализ распознавания образов. Я думаю, что это является позитивным вкладом...
Thanks for your answer on my language Studying?
Greed causes poverty
  • #6,349
  • Jun 29, 2014 12:08pm Jun 29, 2014 12:08pm
Quoting pj9999
{quote} who said anything about a bank statement???
TROLL...!!!!!
  • #6,350
  • Edited 12:35pm Jun 29, 2014 12:10pm | Edited 12:35pm
Quoting FerruFx
{quote} You were requesting to show the account balance : {quote} You are ridiculous ... Case closed.
trading account balance...are you stupid...think about it ...who would ask to see a bank account balance...use your brain...
  • #6,351
  • Jun 29, 2014 12:26pm Jun 29, 2014 12:26pm
Quoting Qed
ok loaded that . price level labels havent moved to rhs of page at all
Did you try adjusting the shift value?
  • #6,352
  • Jun 29, 2014 12:44pm Jun 29, 2014 12:44pm
Quoting pj9999
{quote} trading account balance...are you stupid...think about it ...who would ask to see a bank account balance...use your brain...
There is no difference between my checking account and my trading account. I would never show any of you either of them.

Move on man, enough time and space has been wasted here. Let's trade this week, see how it goes.
Small disciplines repeated with consistency lead to great achievements.
  • #6,353
  • Edited 1:36pm Jun 29, 2014 1:04pm | Edited 1:36pm
at this moment Udine is probably taking down one shot after another in his local bar over Hollands unbelievable win and this piker is still asking what he is been asking..lol... wtf he might show you all just about anything after this WIN..


Congrats to Holland that was a unbelievable goal by Snider at 88 minutes, the strike almost tear the back net under pressure.. just like the way I myself used to do it.. ..


c you all at London open as I intend to tear the back of the net in trading for the up coming week with a new live account set for this method with little tweak of my own starting 5k.. all my testing is done with the $500 practice account.. ready set to go.. wish me not luck but skill..
so, good skill to all, keep it green.

later..
Passion, Persist, Patience, Protect
  • #6,354
  • Jun 29, 2014 1:14pm Jun 29, 2014 1:14pm
Quoting jmflukeiii
{quote} There is no difference between my checking account and my trading account. I would never show any of you either of them. Move on man, enough time and space has been wasted here. Let's trade this week, see how it goes.
ok
  • #6,355
  • Jun 29, 2014 3:36pm Jun 29, 2014 3:36pm
Quoting pj9999
{quote} ok
PJ,

I talked to Udine. He allowed me to show you his account statement.
Attached Image (click to enlarge)
Click to Enlarge Name: crazy-chart-16966515.jpg Size: 99 KB


In all seriousness though, why not just backtest his method? In the process of getting the answer you so desperately want, you'll better learn how to trade his system too. If you honestly think this system isn't profitable, then you've made your point. Let everyone else waste their time and money here. You're just being lazy.
"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #6,356
  • Jun 29, 2014 3:55pm Jun 29, 2014 3:55pm
Quoting FxMasterGuru
{quote} Although probably you will not believe it, but an institutional trader told me that they were watching on forums what the "Retail" does, and they simply do the opposite. (I assume I don't have to explain the logic behind it....)
This is utter nonsense. There is no way anyone but a con-artist told you this. I highly doubt even you found one that stupid. You do have to explain the "logic" behind it.

Retail traders make up an extremely small fraction of what gets traded on the FX market. Using kindergarten-level math, it doesn't take a genius to figure out that spending exorbitant amounts of money to move the market 10 pips against you just to clean your 100$ account doesn't make sense. Your "buddy" would have lost his job in a few days if he cared about the retail FX market.

Retail FX losses are just casualties when the big boys are gunning for the bigger stops provided by other big boys. They don't care about you or me.

The only reason this strategy has seemed to have "stopped working" in the past week is because you assume that this system can trade all market conditions. News flash: it can't. No system can.

Learn when to trade. Doing that requires a thorough knowledge of the market itself and a knowledge of the system. It also requires patience. There's no doubt in my mind that you aren't only new to FF, but you are new to trading as well.
"Serenity, you sound like a frustrated Canadian living your life in the US"
  • #6,357
  • Jun 29, 2014 4:26pm Jun 29, 2014 4:26pm
Hello and thank you to Udine and all of you for sharing. I have been quietly following and studying for some time. This is some great stuff. I am trading out of the West coast of the US. Following is a comment and a plea for assistance.

First off after studying the session average ranges and hourly average ranges these factors combined with spread look to be very key to the success of the 000 system. I have been observing using the session open instead of the day open and it looks valid, combined with the right session of coarse. The session open of an active session often dictates the direction for the session. Any thoughts?

Now for the help. I am having challenges finding a US compatible broker for small accounts with low enough costs to make this system sing. Following the links in this thread I find many with the illusion of "as low as" that are not. Any hints would be appreciated.

Thanks and Stay Green,
D
  • #6,358
  • Jun 29, 2014 4:45pm Jun 29, 2014 4:45pm
Quoting SerenityFX
{quote} PJ, I talked to Udine. He allowed me to show you his account statement. {image} In all seriousness though, why not just backtest his method? In the process of getting the answer you so desperately want, you'll better learn how to trade his system too. If you honestly think this system isn't profitable, then you've made your point. Let everyone else waste their time and money here. You're just being lazy.
I did
  • #6,359
  • Jun 29, 2014 5:04pm Jun 29, 2014 5:04pm
To all those questioning the system and having doubts, here is my backtest data for GJ pair, (I posted this before but now updated with the month of June), trading from April-June 2014. followed all rules, avoided news trades, and didn't trade when Rm values were red.

Strictly following all rules there is a potential of 550 pips to be made in just 3 months. If we follow the same money management as Udine where 5 pips= 1% that's a total of 110% in just 3 months and with only one pair! Adding in EJ this would be easily over 200% in 3 months.

Also if you notice the breakdown of each hour between london open and london close, every hour in the long run provides a net positive return in pips. Some hours so far do seem more profitable than others. But this is not enough data for me to say anything definitive. If we follow the advice of trading only for 2 hours after london and new york open, you can still make 293 pips in 3 months, which is still exceptional profit.

So to everyone having doubts or struggling with the system, go backtest. Get some solid numbers, it does wonders to your confidence, and really makes you see that the system does have the potential to be very profitable.

I'm going to start back testing EJ from april to june, and will post the results once I'm done.
Attached File(s)
File Type: pdf backtesting updated.pdf   184 KB | 871 downloads
  • #6,360
  • Jun 29, 2014 5:22pm Jun 29, 2014 5:22pm
@mt4fxtrader

Excellent summary. Thanks for taking the time and effort compiling the results!

I wonder how "Frankfurt open" would have modified the results (trading the 400-500-600 levels only)?
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