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As simple as possible: 00 level trading

  • #6,801
  • Jul 1, 2014 3:51am Jul 1, 2014 3:51am
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,...
Very interesting post and reflexions, Messiahua...
Thanks for sharing.

And yes, I think you-re true with the BRN.
Just experienced it again with EJ.
I pulled up my stop to .955 when I saw things turning bad but I don't know if it was the right decision and it doesn't stick to Udine's rules that I want to respect.
Anyway, I've lost my gain on GJ and I'm back to neutral.

Udine says that we've to choose our battles wisely and maybe avoiding these number is a step toward wisdom...
  • #6,802
  • Jul 1, 2014 3:52am Jul 1, 2014 3:52am
My trades today:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ea 1.07 - 2.jpg Size: 236 KB
Click to Enlarge Name: ej 1.07 - 1.jpg Size: 224 KB
Click to Enlarge Name: ej 1.07 - 2.jpg Size: 227 KB
Click to Enlarge Name: ga 1.07 - 1.jpg Size: 234 KB
Click to Enlarge Name: ga 1.07 - 2.jpg Size: 227 KB
Click to Enlarge Name: gj 1.07- 1.jpg Size: 227 KB
Click to Enlarge Name: gj 1.07- 2.jpg Size: 223 KB
Click to Enlarge Name: gold 1.07- 1.jpg Size: 276 KB
Click to Enlarge Name: gold 1.07- 2.jpg Size: 284 KB
Greed causes poverty
  • #6,803
  • Jul 1, 2014 3:54am Jul 1, 2014 3:54am
Quoting lucariga
{quote} 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? {image}

here you go

Udine
Attached Image (click to enlarge)
Click to Enlarge Name: 140701 ej 1H.jpg Size: 95 KB
Sleep less, live fast, as it aint gonna last
  • #6,804
  • Jul 1, 2014 3:56am Jul 1, 2014 3:56am
Quoting well72
My trades today: {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
Beautiful my friend.......

All trades in the 1 post and clearly discernible.

Fantastic trading.

ps. It's nice to see gold mixed up in amongst those trades.

Masterrmind..........
Master your Mind then Master your Trades
  • #6,805
  • Jul 1, 2014 3:56am Jul 1, 2014 3:56am
Quoting well72
My trades today: {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}

looks as if you enjoyed yourself..

Udine
Sleep less, live fast, as it aint gonna last
  • #6,806
  • Jul 1, 2014 3:57am Jul 1, 2014 3:57am
Two more:
Thanks, Undine, for your Great System!!!
Now can smoke bamboo on the fence
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold 1.07- 3.jpg Size: 280 KB
Click to Enlarge Name: gu 1.07 - 1.jpg Size: 221 KB
Click to Enlarge Name: 1.07.jpg Size: 162 KB
Greed causes poverty
  • #6,807
  • Jul 1, 2014 4:00am Jul 1, 2014 4:00am
forgot to cancel short GU at 1.7100 while red news coming up cost me double SL !!! It is a 2 ways sword during news. Lesson learnt painfully !
Attached Image (click to enlarge)
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  • #6,808
  • Jul 1, 2014 4:02am Jul 1, 2014 4:02am
Quoting Masterrmind
{quote} Beautiful my friend....... All trades in the 1 post and clearly discernible. Fantastic trading. ps. It's nice to see gold mixed up in amongst those trades. Masterrmind..........
Thanks, buddy I try...
Greed causes poverty
  • #6,809
  • Jul 1, 2014 4:05am Jul 1, 2014 4:05am
Quoting Uluwatu
forgot to cancel short GU at 1.7100 while red news coming up cost me double SL !!! It is a 2 ways sword during news. Lesson learnt painfully ! {image}

stay focussed my friend

Udine
Sleep less, live fast, as it aint gonna last
  • #6,810
  • Jul 1, 2014 4:05am Jul 1, 2014 4:05am
Quoting Udine
{quote} My EJ close 139.002 Udine
Mine too...
I shouldn't have taken this trade with these .002 + BRN I think...
Wanted to get in earlier, but that's not the rules and it was wrong, especially if we accumulate these two criteria.

Are you in at 139.000 on EJ Udine ?
  • #6,811
  • Jul 1, 2014 4:05am Jul 1, 2014 4:05am
EA sell @ 1.44800 -> TP
GA sell @ 1.81200 -> TP
  • #6,812
  • Jul 1, 2014 4:07am Jul 1, 2014 4:07am
Quoting Ff-fx
{quote} Mine too... I shouldn't have taken this trade with these .002 + BRN I think... Wanted to get in earlier, but that's not the rules and it was wrong, especially if we accumulate these two criteria. Are you in at 139.000 on EJ Udine ?

pending set @ 139.000

Udine
Sleep less, live fast, as it aint gonna last
  • #6,813
  • Jul 1, 2014 4:08am Jul 1, 2014 4:08am
Quoting messiahua
EA sell @ 1.44800 -> TP
Sleep less, live fast, as it aint gonna last
  • #6,814
  • Jul 1, 2014 4:08am Jul 1, 2014 4:08am
eu tp..
mean time kicking ass taking names, lol
Attached Image (click to enlarge)
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Passion, Persist, Patience, Protect
  • #6,815
  • Jul 1, 2014 4:11am Jul 1, 2014 4:11am
Quoting FXEmpire
eu tp.. mean time kicking ass taking names, lol {image}
Sleep less, live fast, as it aint gonna last
  • #6,816
  • Jul 1, 2014 4:12am Jul 1, 2014 4:12am
first win today + 5 ea @1.44800
Regards Orid peter
  • #6,817
  • Jul 1, 2014 4:13am Jul 1, 2014 4:13am
Quoting messiahua
EA sell @ 1.44800 -> TP GA sell @ 1.81200 -> TP
really getting the hang of it

Udine
Sleep less, live fast, as it aint gonna last
  • #6,818
  • Jul 1, 2014 4:15am Jul 1, 2014 4:15am
Quoting Uluwatu
forgot to cancel short GU at 1.7100 while red news coming up cost me double SL !!! It is a 2 ways sword during news. Lesson learnt painfully ! {image}
me too.. totally forgot about it.. nearly hit my hard sl.. hopefully comes back to rescue a good day.
Passion, Persist, Patience, Protect
  • #6,819
  • Jul 1, 2014 4:18am Jul 1, 2014 4:18am
Quoting Udine
{quote} really getting the hang of it Udine
Thank you , i hope i won't fail this time. 2.8% today, so no more trading
  • #6,820
  • Jul 1, 2014 4:18am Jul 1, 2014 4:18am
Quoting Udine
{quote} pending set @ 139.000 Udine
Thanks Udine.
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