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As simple as possible: 00 level trading

  • #8,341
  • Jul 8, 2014 3:38am Jul 8, 2014 3:38am
Quoting Jfr
{quote} FAQ's would help a lot of people and so would clarifying some of the rules. The answers are within the 8300 posts, it would just be good to update them with FAQ's so people wouldn't keep questioning them. Nobody wants spoon feeding.

you have the basic set of rules, you have the word file, on purpose, so you can add you own notes... that is called homework

Udine
Sleep less, live fast, as it aint gonna last
  • #8,342
  • Jul 8, 2014 3:38am Jul 8, 2014 3:38am
Quoting Udine
{quote} nope, wont do that... I am not going to be spoonfeeding.. people need to do the work, so read the thread.. if they are not willing to do their homework (= wrong attitude) , then it is simply not for them... forex trading can build your future not a get rich guick system... but if your not willing to invest time in learning ... its fine by me Cheers Udine
i agree. I've been reading the thread from the beginning and finally understand how the system work. once i read the thread and understand it, it seems that the rule are very clear and direct.

after understanding it, my trade become very calm and clear
  • #8,343
  • Jul 8, 2014 3:39am Jul 8, 2014 3:39am
ÒK, fair enough Udine,

I'm on my way in the thread.
Was a bit concerned the EA's didn't work properly in my pc/charts.

regards,
Ben
  • #8,344
  • Jul 8, 2014 3:39am Jul 8, 2014 3:39am
Time for me to quit for the day. Making bad choices and losing. Down nearly 2%.
  • #8,345
  • Jul 8, 2014 3:41am Jul 8, 2014 3:41am
Quoting ericjschroed
EU SL
I'm still in for the moment. My platform froze just before the news and my HSL wasn't triggered. It spiked right through. Once I've restarted my platform it was down again. Hope this puppy turn around soon.
Attached Image
Lets WUKAR FIFO!! - Udine
  • #8,346
  • Jul 8, 2014 3:41am Jul 8, 2014 3:41am
Quoting iwan73
Because nobody answered my question from yesterday i would like to quote it to get know your opinion. {quote}

must have missed it....

not bad, but i have slightly lower commissions..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,347
  • Jul 8, 2014 3:41am Jul 8, 2014 3:41am
Quoting ericjschroed
EU SL
Me too Eric...
  • #8,348
  • Jul 8, 2014 3:43am Jul 8, 2014 3:43am
Quoting iwan73
Because nobody answered my question from yesterday i would like to quote it to get know your opinion. {quote}
Those are some goods spreads; I wish I got that. But your Commission is a bit higher, you might want to add some or all of that to your TP.
  • #8,349
  • Jul 8, 2014 3:44am Jul 8, 2014 3:44am
If my EJ short doesn't get triggered in the next 15 minutes, I'm done for the day. (even if it does I'm going to sleep)
  • #8,350
  • Jul 8, 2014 3:45am Jul 8, 2014 3:45am
Quoting flash4
{quote} JFR i appreciate your queries but please be respectful the creator of the thread didnt do this to benefit themselves but instead to benefit others it is time consuming to maintain with such things it is difficult to go through the thread but if that is all you have to do in order to obtain some success then is it not worth it?
Nothing disrespectful about my suggestions to help other people and save time for us all - none of us want to keep reading the same questions again and again. The answer is buried in post #1 to post #8300 - find it yourself - isn't overly kind when it could easily be clarified in the rule document. Just a suggestion to help us all.
  • #8,351
  • Jul 8, 2014 3:45am Jul 8, 2014 3:45am
Udine,

I have noticed something odd, i took the same trades as you and some others but all of them are hitting stop loss around 3 ish pips.. is this the wheelbarrel TS at work? What am i doing wrong?
  • #8,352
  • Jul 8, 2014 3:47am Jul 8, 2014 3:47am
Quoting Jfr
{quote} Nothing disrespectful about my suggestions to help other people and save time for us all - none of us want to keep reading the same questions again and again. The answer is buried in post #1 to post #8300 - find it yourself - isn't overly kind when it could easily be clarified in the rule document. Just a suggestion to help us all.

find it yourself - isn't overly kind"

If you dont like my kindness... who's problem is that ????

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #8,353
  • Jul 8, 2014 3:48am Jul 8, 2014 3:48am
Done for the day.

GU +10
Intraday only.
  • #8,354
  • Jul 8, 2014 3:48am Jul 8, 2014 3:48am
Quoting nitecop
Udine, I have noticed something odd, i took the same trades as you and some others but all of them are hitting stop loss around 3 ish pips.. is this the wheelbarrel TS at work? What am i doing wrong?
dont know, I cannot see your platform,your settings, broker, spreads, commissions

Udine
Sleep less, live fast, as it aint gonna last
  • #8,355
  • Jul 8, 2014 3:49am Jul 8, 2014 3:49am
Quoting Udine
{quote} no new rule, its common sence... if its so close to the daily open, the price has not made up its mind on the direction (=trend)... so why risk your money ??? Udine

Udine just a suggestion..
if this is a risky play (close to DO).. why not make it a hard rule?.. just out of curiosity!!.

if you don't want to make it hard rule then I assume it is worth taking action on at times..

which is the case?.. I mean how can distinguish when is risky and when not?
Passion, Persist, Patience, Protect
  • #8,356
  • Jul 8, 2014 3:50am Jul 8, 2014 3:50am
Until now :
GJ + 6
EA + 6
EC +3
GU +10
Intraday only.
  • #8,357
  • Jul 8, 2014 3:52am Jul 8, 2014 3:52am
EU SL -11
Attached Image
Lets WUKAR FIFO!! - Udine
  • #8,358
  • Jul 8, 2014 3:53am Jul 8, 2014 3:53am
Quoting Udine
{quote} dont know, I cannot see your platform,your settings, broker, spreads, commissions Udine

i use ic markets true ecn mt4 account..

here are my settings
Attached Image(s) (click to enlarge)
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  • #8,359
  • Jul 8, 2014 3:54am Jul 8, 2014 3:54am
Quoting FXEmpire
{quote} Udine just a suggestion.. if this is a risky play (close to DO).. why not make it a hard rule?.. just out of curiosity!!. if you don't want to make it hard rule then I assume it is worth taking action on at times.. which is the case?.. I mean how can distinguish when is risky and when not?

no need, its pure common sense..

If we use the DO as guideline for the trend, but the price is near the DO... where is the trend???

there is none... simple...

Udine
Sleep less, live fast, as it aint gonna last
  • #8,360
  • Jul 8, 2014 3:55am Jul 8, 2014 3:55am
Quoting FXEmpire
{quote} Udine just a suggestion.. it this play is a risky play (close to DO).. why not make it a hard rule?.. just out of curiosity!!. if you don't want to make it hard rule then I assume it is worth taking action on at times.. which is the case?
Common sense and discretion is the case.
Personally I find peoples consistent recommendation of adding rules and changing rules to be quite rediculous. Udine has outlined a system, rather beautifully. Ge to know it, understand it, work with it, trade it, test it, make it work for you if you can, if you can't move on. Udines worst week has been +10% and you want him to change things? seriously?

If you actually understood what you were trading then you would understand why trades close to the DO can be lower probability & that is a fact.

BTW, I read the thread from start to finish when I started (think it was 270 pages then) then I used the search tools and re read every post by Udine, and since then I read every post every day - and pay particular attention to udine and a couple of others... do the work
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