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As simple as possible: 00 level trading

  • #6,781
  • Jul 1, 2014 3:23am Jul 1, 2014 3:23am
MY EJ close was 139.005
Persistence will get it. Consistency will keep it.
  • #6,782
  • Jul 1, 2014 3:27am Jul 1, 2014 3:27am
Quoting Udine
{quote} could be but I stick to my rules.. Udine
cool..

just something might worth keeping eyes on as a team..
Passion, Persist, Patience, Protect
  • #6,783
  • Jul 1, 2014 3:27am Jul 1, 2014 3:27am
Quoting Udine
{quote} My EJ close 139.002 Udine
Just for the sake of it ......

My EJ close @ 138.994

ps. One certainty is that prices from 1 terminal to another will always vary!

Masterrmind.........
Master your Mind then Master your Trades
  • #6,784
  • Jul 1, 2014 3:28am Jul 1, 2014 3:28am
GJ - TS? or because of large spread? Feedback please on my first try with this.

Attached Image (click to enlarge)
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Lets WUKAR FIFO!! - Udine
  • #6,785
  • Jul 1, 2014 3:28am Jul 1, 2014 3:28am
Quoting Udine
{quote} My EJ close 139.002 Udine
same here
  • #6,786
  • Jul 1, 2014 3:31am Jul 1, 2014 3:31am
Quoting Masterrmind
{quote} Oh yeah! I couldn't agree more........ Masterrmind........
No, I am not being negative at all. I consider it a very interesting and intriguing strategy.

I am simply highlighting the INCONSISTENCIES in execution of the rules. I do like the Rules, but I don't like when they are twisted according to the outcome.

1. When a loser happens in the red news zone, the loss is blamed on the red news, nobody talks about it. Which is as it should be.
2. But when a winner happens in the red news zone it is OK and it is "counted" (as 1%). The screenshot is displayed proudly and the win is celebrated...

Is it only me without the "hurray optimism" seeing these inconsistencies coming up...?
  • #6,787
  • Jul 1, 2014 3:36am Jul 1, 2014 3:36am
Quoting FxMasterGuru
{quote} No, I am not being negative at all. I consider it a very interesting and intriguing strategy. I am simply highlighting the INCONSISTENCIES in execution of the rules. I do like the Rules, but I don't like when they are twisted according to the outcome. 1. When a loser happens in the red news zone, the loss is blamed on the red news, nobody talks about it. Which is as it should be. 2. But when a winner happens in the red news zone it is OK and it is "counted" (as 1%). The screenshot is displayed proudly and the win is celebrated... Is it only...

I came here to share freely, you like it fine, if you dont, MOVE ON !!!

inconsistencies coming up........

my mother taught me: if you cannot say anything positive its better to be silent..

I will remain silent...

Case closed

Udine
Sleep less, live fast, as it aint gonna last
  • #6,788
  • Jul 1, 2014 3:37am Jul 1, 2014 3:37am
Quoting FxMasterGuru
{quote} No, I am not being negative at all. I consider it a very interesting and intriguing strategy. I am simply highlighting the INCONSISTENCIES in execution of the rules. I do like the Rules, but I don't like when they are twisted according to the outcome. 1. When a loser happens in the red news zone, the loss is blamed on the red news, nobody talks about it. Which is as it should be. 2. But when a winner happens in the red news zone it is OK and it is "counted" (as 1%). The screenshot is displayed proudly and the win is celebrated... Is it only...
This is probably reality, but do you assume Udine could do this way?

If so, just stay away from this thread.

My key interest staying here is to watch Udine's action.

I believe Udine, no matter his system or his performance.
Outcome is not important at all, but correct technique is what only matters
  • #6,789
  • Jul 1, 2014 3:38am Jul 1, 2014 3:38am
Quoting nitecop
{quote} I made the same trade but got stopped at b/e due to b/e-sl @ 3.5 pips do you still use that s/l?
I had to go a long way for this +5 Pip! Just when I comes to take profit, spread increased, so it didn't trigger tp.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #6,790
  • Jul 1, 2014 3:39am Jul 1, 2014 3:39am
Quoting FxMasterGuru
{quote} No, I am not being negative at all. I consider it a very interesting and intriguing strategy. I am simply highlighting the INCONSISTENCIES in execution of the rules. I do like the Rules, but I don't like when they are twisted according to the outcome. 1. When a loser happens in the red news zone, the loss is blamed on the red news, nobody talks about it. Which is as it should be. 2. But when a winner happens in the red news zone it is OK and it is "counted" (as 1%). The screenshot is displayed proudly and the win is celebrated... Is it only...
I don't see you offering any inspiration at all to this thread only trying to pick the bones out of it for your own glorification.

1. Trading during the red news is a no go zone.
2. A red news win should not be celebrated.

Why don't you try a different approach........... like trying to help your fellow traders.

If not then why persist with negativity.

Masterrmind..........
Master your Mind then Master your Trades
  • #6,791
  • Jul 1, 2014 3:39am Jul 1, 2014 3:39am
Quoting messiahua
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: {image} 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,...

good analyses!
i see the same hurdles like you, have similar performance sheet but still cant figure out what the problem is. so my testing with real account will continue...
regarding the commission i found its better to get earlier in the market THAN have a higher TP.
for example: buy stop @ 138.992, (then 139.000) TP 139.050
but still testing;-)
  • #6,792
  • Jul 1, 2014 3:40am Jul 1, 2014 3:40am
Hi Udine,
today red news on GBP turned out to be good. So, what's the problem to place a buy stop order @ 173.700 on GJ ? It should have been a sure TP. Instead if news had been bad that order wouldn't be triggered. No controversy'm just trying to understand.
Porta itineris dicitur longissima esse
  • #6,793
  • Jul 1, 2014 3:42am Jul 1, 2014 3:42am
Quoting yag
{quote} good analyses! i see the same hurdles like you, have similar performance sheet but still cant figure out what the problem is. so my testing with real account will continue... regarding the commission i found its better to get earlier in the market THAN have a higher TP. for example: buy stop @ 138.992, (then 139.000) TP 139.050 but still testing;-)

Yes, with higher spread, i am afraid it is really difficult to make some gain or even BE.
Outcome is not important at all, but correct technique is what only matters
  • #6,794
  • Jul 1, 2014 3:43am Jul 1, 2014 3:43am
Quoting bubincka
Hi Udine, today red news on GBP turned out to be good. So, what's the problem to place a buy stop order @ 173.700 on GJ ? It should have been a sure TP. Instead if news had been bad that order wouldn't be triggered. No controversy'm just trying to understand.
A strong news event may or may not give you major slippage, filling your order several or many pips above 173.700, perhaps even only filling you way higher than the 5 pip target.
  • #6,795
  • Jul 1, 2014 3:44am Jul 1, 2014 3:44am
Quoting bubincka
Hi Udine, today red news on GBP turned out to be good. So, what's the problem to place a buy stop order @ 173.700 on GJ ? It should have been a sure TP. Instead if news had been bad that order wouldn't be triggered. No controversy'm just trying to understand.

with spikes it could hit the .700 level and directly turn on you and hit the stoploss

I prefer to be safe, NOT SORRY..

Udine
Sleep less, live fast, as it aint gonna last
  • #6,796
  • Jul 1, 2014 3:44am Jul 1, 2014 3:44am
Quoting bubincka
Hi Udine, today red news on GBP turned out to be good. So, what's the problem to place a buy stop order @ 173.700 on GJ ? It should have been a sure TP. Instead if news had been bad that order wouldn't be triggered. No controversy'm just trying to understand.

you see guys, how one bad apple brings this kind of thing to the table where now you got go back and explain the whole f-ing forex 101 to this fella.. lol (no offense btw)

good god help..
Passion, Persist, Patience, Protect
  • #6,797
  • Jul 1, 2014 3:46am Jul 1, 2014 3:46am
Quoting FxMasterGuru
{quote} I am simply highlighting the INCONSISTENCIES in execution of the rules.

We don't need you to do that for us.
Persistence will get it. Consistency will keep it.
  • #6,798
  • Jul 1, 2014 3:46am Jul 1, 2014 3:46am
Udine, when you set a pending order more than 1 h before red news, when do you cancel it, if it is not triggered ?
  • #6,799
  • Jul 1, 2014 3:48am Jul 1, 2014 3:48am
Quoting Udine
{quote} My EJ close 139.002 Udine
Same broker as you and also my close was under the BRN. My close is @ 138.995. Can't understand why.... We all take data from the same server...

This is my chart.
@silversurfer Can you post your chart?
@Udine Can you post your chart?

Attached Image (click to enlarge)
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  • #6,800
  • Jul 1, 2014 3:51am Jul 1, 2014 3:51am
Quoting Traffex
Udine, when you set a pending order more than 1 h before red news, when do you cancel it, if it is not triggered ?
normally within the 1 hour if not hit...

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