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As simple as possible: 00 level trading

  • #10,001
  • Jul 13, 2014 8:40pm Jul 13, 2014 8:40pm
Quoting Beachie41
{quote} It's 5 pips per trade. If you'd taken the time to read the 1st post of this thread you'd see it's 2 trades @ 5 pips per day. Max of 1 trade per pair each hour ( if in agreement with the entry rules) until either 4 losses in a row or the total 10 pip target is met. That's the basis of the system, any other trades taken are discretionary and depend on traders market experience, but don't form the core part of Undine's original post.
Thanks Beachie41
  • #10,002
  • Jul 13, 2014 8:41pm Jul 13, 2014 8:41pm
Quoting umpats
Hi Udine, max. how much trade you suggest? I understand 10 pips is our target but just curious.


me personally I will only take as many bonus trades that are needed to make up the previous weeks losses(if you had a losing week)
Luck is what happens when preparation meets opportunity
  • #10,003
  • Jul 13, 2014 8:49pm Jul 13, 2014 8:49pm
Quoting ericjschroed
{quote} What is the hour on the chart at 5PM? Use that.
Thanks. It is 17:00. Military time. That is what I thought. Thank you again!
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #10,004
  • Jul 13, 2014 9:02pm Jul 13, 2014 9:02pm
Quoting ShanghaiMoon
{quote} me personally I will only take as many bonus trades that are needed to make up the previous weeks losses(if you had a losing week)
If you had a loosing week I am not sure your trading is on point enough to be taking ANY bonus trades.

I might be wrong but everyone's main aim here should be the base of the system, which is 10 pips per day, 50 pips per week, 10% gain. If you don't have a solid enough foundation to hit that day in day out, week in week out, then what are you doing even considering bonus trades to make up losses... thats like expediting loosing...

Once you can hit the 10% consistently you may like to try for the bonus trades - but you should be clear on your motivation for doing so, greed in the end is a killer.

just my opinion
  • #10,005
  • Jul 13, 2014 9:50pm Jul 13, 2014 9:50pm
Howdy folks, couple of questions:

1. Udine - can't sleep?
2. Does anyone use the skull and crossbones in bottom right corner of screen? What does it denote? Mines always been grey. Looks like something The Rumpled One came up with and I've ignored it. Early on I think I read it wasn't important but better check to be sure.

Thanks
  • #10,006
  • Jul 13, 2014 10:09pm Jul 13, 2014 10:09pm
First couple of trades for Monday Trading

Silver XAGUSD +13.7 TP - Very fast short spike in my favor. HTP slow to action, M1 chart shows the detail. Not complaining!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 48 KB


GJ +>5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB


about 3.7% up!

Masterrmind..........
Master your Mind then Master your Trades
  • #10,007
  • Jul 13, 2014 10:25pm Jul 13, 2014 10:25pm
Quoting Callum
{quote} If you had a loosing week I am not sure your trading is on point enough to be taking ANY bonus trades. I might be wrong but everyone's main aim here should be the base of the system, which is 10 pips per day, 50 pips per week, 10% gain. If you don't have a solid enough foundation to hit that day in day out, week in week out, then what are you doing even considering bonus trades to make up losses... thats like expediting loosing... Once you can hit the 10% consistently you may like to try for the bonus trades - but you should be clear on...
Couldn't agree more Callum, unfortunately you can probably count on 2 hands the number of people who actually trade the system as presented by Udine. Greed, laziness, impatience and ignorance dominate the thinking.
To his/their credit Udine and others regularly recite PDF and BCC so hopefully as time goes on this will become second nature in peoples thoughts.
  • #10,008
  • Jul 13, 2014 10:40pm Jul 13, 2014 10:40pm
Quoting Masterrmind
First couple of trades for Monday Trading Silver XAGUSD +13.7 TP - Very fast short spike in my favor. HTP slow to action, M1 chart shows the detail. Not complaining! {image} GJ +>5 TP {image} about 3.7% up! Masterrmind..........
Hi MM, unless I have missed something I can't see the point in posting trades that don't comply with the rules of the system - GJ in this instance. All it can do is encourage other readers to do likewise. Congrats on the win nevertheless.
  • #10,009
  • Jul 13, 2014 10:46pm Jul 13, 2014 10:46pm
Quoting buntmn
{quote} Couldn't agree more Callum, unfortunately you can probably count on 2 hands the number of people who actually trade the system as presented by Udine. Greed, laziness, impatience and ignorance dominate the thinking. To his/their credit Udine and others regularly recite PDF and BCC so hopefully as time goes on this will become second nature in peoples thoughts.

Considering there are almost 20 rules, so absolutely some time would be needed to make sure PDF and BCC could be reached.

Besides, this system would require a low spread as a must pre-condition, it would be not astonished seeing a losing week even losing weeks in a row.
Outcome is not important at all, but correct technique is what only matters
  • #10,010
  • Jul 13, 2014 10:55pm Jul 13, 2014 10:55pm
Quoting buntmn
Howdy folks, couple of questions: 1. Udine - can't sleep? 2. Does anyone use the skull and crossbones in bottom right corner of screen? What does it denote? Mines always been grey. Looks like something The Rumpled One came up with and I've ignored it. Early on I think I read it wasn't important but better check to be sure. Thanks

1. woke up with a terrible headache... still not over..
2. skull and bones is not important... i just colored mine bloodred for fun..

Udine
Sleep less, live fast, as it aint gonna last
  • #10,011
  • Jul 13, 2014 10:58pm Jul 13, 2014 10:58pm
congratulations to the germans in the thread... the team taht played the best football during this worldcup won

now coffee time

Udine
Sleep less, live fast, as it aint gonna last
  • #10,012
  • Jul 13, 2014 11:00pm Jul 13, 2014 11:00pm
good morning everyone (2am here!) looks like no trades yet for frankfurt open..
  • #10,013
  • Jul 13, 2014 11:00pm Jul 13, 2014 11:00pm
Bonus Trade

#1

GJ +>5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


@ Silver surfer........ I hope you don't think this trade is also against the rules!

ps. I see no problem with my former 2 trades posted above (unless it's the slip off the DO...re long from 500 level...all good in my book)

Masterrmind........
Master your Mind then Master your Trades
  • #10,014
  • Jul 13, 2014 11:03pm Jul 13, 2014 11:03pm
Quoting Masterrmind
Bonus Trade #1 GJ +>5 TP {image} @ Silver surfer........ I hope you don't think this trade is also against the rules! ps. I see no problem with my former 2 trades posted above (unless it's the slip off the DO...re long from 500 level...all good in my book) Masterrmind........
I hate you MM! you're way too good loll wish i could learn more how you do it!
  • #10,015
  • Jul 13, 2014 11:04pm Jul 13, 2014 11:04pm
I wondered whether i was slippage, happy for you
  • #10,016
  • Jul 13, 2014 11:07pm Jul 13, 2014 11:07pm
Quoting silversurfer
I wondered whether i was slippage, happy for you
No problem at all!

Masterrmind........
Master your Mind then Master your Trades
  • #10,017
  • Jul 13, 2014 11:13pm Jul 13, 2014 11:13pm
Hi, Udine.

Thanks for the great system.I am a newbie in this.Have been following and demoing this over weeks.Now want transfer to live.Have a question to ask for u :

1.Could u tell me your broker please? In the past thread i only knew yours in aussie.I know we don't mention broker here.Can u PM me please?
2.In my country none great broker exist.So i must trade with oversea ones.Can u tell me what the over cost for transfer and withdrawing fund to and from broker over seas because i believe u have plenty experiences with that when u live in italy?

Thanks for answering.
Best regards,
Chang
  • #10,018
  • Jul 13, 2014 11:20pm Jul 13, 2014 11:20pm
Quoting nitecop
{quote} I hate you MM! you're way too good loll wish i could learn more how you do it!

PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #10,019
  • Jul 13, 2014 11:21pm Jul 13, 2014 11:21pm
Quoting Udine
{quote} PDF & BCC Udine
That's right!

Masterrmind.........
Master your Mind then Master your Trades
  • #10,020
  • Jul 13, 2014 11:24pm Jul 13, 2014 11:24pm
Good morning all.
Does anyone out there use "Mithen"???
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