{quote} Very naughty indeed (but profitable)...
you mean naughty like numbers on your username..
Passion, Persist, Patience, Protect
As simple as possible: 00 level trading
- #6,741
- Jul 1, 2014 2:42am Jul 1, 2014 2:42am
- Joined May 2013 | Status: Trader | 1,997 Posts
you mean naughty like numbers on your username..
- #6,742
- Jul 1, 2014 2:42am Jul 1, 2014 2:42am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
{quote} "that goes for every system/method/strategy"... - That is exactly what I meant... "you dont get it..." - So if I meant exactly what you said, how is it possible that "I do not get it"...? Sorry, I don't understand how can I be wrong by agreeing with your view...
stop acting as this is only valid for this system/method/strategy...
Post usefull stuff or open your own thread, as you seem to be doing very well..
bij voorbaat dank
Udine
Sleep less, live fast, as it aint gonna last
- #6,743
- Jul 1, 2014 2:44am Jul 1, 2014 2:44am
- Joined May 2013 | Status: Trader | 1,997 Posts
Passion, Persist, Patience, Protect
- #6,744
- Jul 1, 2014 2:46am Jul 1, 2014 2:46am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
Porta itineris dicitur longissima esse
- #6,745
- Jul 1, 2014 2:47am Jul 1, 2014 2:47am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
{quote} I admire your patience bud.. me would have given this guy (or girl.. sounds more like a girl) the kick moons ago.. lol
great training...
Sleep less, live fast, as it aint gonna last
- #6,746
- Jul 1, 2014 2:48am Jul 1, 2014 2:48am
I've started trading this method three weeks ago with a very small live account on micro lots and decided to post this small report at the end of the month. I didn't fully understand the "only first cross of 00" rule in the first place, so I lost almost every time:
Also my broker provided me with huge spreads for GJ and EJ, so it was basically a no go even after I grasped all the basic rules. I've lost about $12 from June 12 till June 19 and decided to search for another broker. I've opened several demo accounts and started to trade on one, which I most liked. I've tried my best to follow rules and as far as I remember I didn't do any serious mistakes, except missing profitable trades and making unprofitable (by the rules)
. Here is the result:
So Basically as you see, in terms of pips i'm BE, which is
, but better then a loss.
My personal points to notice and conclusions:
1. low spread is a must, otherwise inapplicable (imho this should be stated in the first post)
2. i don't like price action near daily open, it is usually flat
3. i don't like trading near big RN, because it's also a major S/R level and price often ranges around it, so basically I guess will avoid trading 000 level
4. the most feasible time to trade is only london open + 3 hours, for the last two weeks there was rarely any movement on NY open and usually it is a reverse, also many fake outs on frankfurt
5. 4 losses in a row is a killer, i guess it should be corrected to 2 losses, as you see on last graph, 5-6 wins - 2 losses and everything is gone
6. i still didn't decide how to deal with loss on commissions, either i need to make 3 wins, increase risk (lot size) or increase TP...
I'll try my best to stick to the rules during this month and I hope i'll make some demo profit, so i can switch to real
Right now i'm long GJ @ 173.600
Also my broker provided me with huge spreads for GJ and EJ, so it was basically a no go even after I grasped all the basic rules. I've lost about $12 from June 12 till June 19 and decided to search for another broker. I've opened several demo accounts and started to trade on one, which I most liked. I've tried my best to follow rules and as far as I remember I didn't do any serious mistakes, except missing profitable trades and making unprofitable (by the rules)
. Here is the result: So Basically as you see, in terms of pips i'm BE, which is
, but better then a loss.My personal points to notice and conclusions:
1. low spread is a must, otherwise inapplicable (imho this should be stated in the first post)
2. i don't like price action near daily open, it is usually flat
3. i don't like trading near big RN, because it's also a major S/R level and price often ranges around it, so basically I guess will avoid trading 000 level
4. the most feasible time to trade is only london open + 3 hours, for the last two weeks there was rarely any movement on NY open and usually it is a reverse, also many fake outs on frankfurt
5. 4 losses in a row is a killer, i guess it should be corrected to 2 losses, as you see on last graph, 5-6 wins - 2 losses and everything is gone
6. i still didn't decide how to deal with loss on commissions, either i need to make 3 wins, increase risk (lot size) or increase TP...
I'll try my best to stick to the rules during this month and I hope i'll make some demo profit, so i can switch to real
Right now i'm long GJ @ 173.600
- #6,747
- Jul 1, 2014 2:50am Jul 1, 2014 2:50am
{quote} I was wondering which of the 3 M15 candles you entered on since the Red news for the AUD was still floating around and the Rm Dw was not far off turning red. Nicely slotted TP Well done!Masterrmind............
- #6,748
- Jul 1, 2014 2:51am Jul 1, 2014 2:51am
- Joined May 2013 | Status: Trader | 1,997 Posts
{quote} great training...
Passion, Persist, Patience, Protect
- #6,749
- Jul 1, 2014 2:52am Jul 1, 2014 2:52am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #6,751
- Jul 1, 2014 2:57am Jul 1, 2014 2:57am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #6,754
- Jul 1, 2014 2:59am Jul 1, 2014 2:59am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #6,760
- Jul 1, 2014 3:02am Jul 1, 2014 3:02am
- Joined Nov 2009 | Status: You are what you is | 1,962 Posts
Porta itineris dicitur longissima esse