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As simple as possible: 00 level trading

  • #10,461
  • Jul 15, 2014 3:18am Jul 15, 2014 3:18am
Quoting Vikingi
{quote} That's what i'm doing. pointing the finger at myself not anyone esle. That's why i wrote as i see everyone winning and i'm repeatedly losing and i can't find why, that's it -4.58 % So far for me. Seems not good right
Maybe put up a couple of your charts for people to have a look at and advise.
  • #10,462
  • Jul 15, 2014 3:19am Jul 15, 2014 3:19am
Quoting Vikingi
{quote} 1. Not exactly 2. Yes, but not always as we have different pairs 3. Yes 4. Yes 5. No 6. Reasons to take a trade i would say

you have a tradelog/journal ??
1. Not exactly
START NOW !!!

you compare your trades with the trades people are posting ??
2. Yes, but not always as we have different pairs
STOP USING DIFFERENT PAIRS.. stick to the EU/ej/gj/gu

you analyze the differences??
3. Yes
GOOD

you know where these differences come from??
4. Yes
GOOD

you know the mistakes you made??
5. No
If you know the differences (3) and you know where they came from (4).. you should analyze where you went wrong

you look for reasons not to take a trade, or you look for reasons to take a trade??
6. Reasons to take a trade i would say
Wrong, you must look for reasons not to take a trade and ONLY when you cannot find one, you set your pending orders

Udine
Sleep less, live fast, as it aint gonna last
  • #10,463
  • Jul 15, 2014 3:20am Jul 15, 2014 3:20am
Quoting Vikingi
{quote} That's what i'm doing. pointing the finger at myself not anyone esle. That's why i wrote as i see everyone winning and i'm repeatedly losing and i can't find why, that's it -4.58 % So far for me. Seems not good right

until you don't give specifics how is it possible to help..

but if you look hard enough based on what people post and what you do.. it may come clear to you what seems to be the problem.

I am done with this discussion with you brother.. I wish you luck.
Passion, Persist, Patience, Protect
  • #10,464
  • Jul 15, 2014 3:21am Jul 15, 2014 3:21am
EA SL -10
Attached Image
Lets WUKAR FIFO!! - Udine
  • #10,465
  • Jul 15, 2014 3:21am Jul 15, 2014 3:21am
Took +7 on GJ.
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  • #10,466
  • Jul 15, 2014 3:22am Jul 15, 2014 3:22am
Quoting GoldCoastFX
EA SL -10 {image}
u must forgot about no trade 1 hour before news rule
  • #10,467
  • Jul 15, 2014 3:25am Jul 15, 2014 3:25am
As all the (few) losses i had since now occurred in days with a lot of red news, from now on I have a new personal rule.
- When there are multiple RED news near LO and NYO just stay out for the day.
I'm trying to reduce the risk at the minimum and increase profit/loss ratio as much as possible.
Since the beginning of my demo I took 45 trades: 31 TP, 8 TS, 6 SL (1 error and 5 on red news day).
Avoiding to trade in days like these will probably turn into an extremely high profit ratio for me .
"Every battle is won before it's fought."
  • #10,468
  • Jul 15, 2014 3:26am Jul 15, 2014 3:26am
So far it looks like, No Positions is a good position so far today, with this news around it is not surprising really... I am interested to see if there is much movement between the last EUR and GBP news and NY open, but think I will just observe for future reference and IF i do trade today it will not be until NY...

Udine, I am curious about your EJ trade and suprised you took it, with a press conference shouldn't you (us, we, everyone) be more interested in the time it ends to wait 30 mins after than, rather than 30 mins after the start? - that is why I asked if your were doing burpees, to me you traded within 30 mins of a red news...
  • #10,469
  • Jul 15, 2014 3:26am Jul 15, 2014 3:26am
Quoting Udine
{quote} the rule = NOT one pair per hour.. the rule is one trade per pair per hour.. so you can have 2 or 3 trades in the same hour... as long as they are on diffeent pairs.. Udine
Thanks Udine and SJ9bp20.

I guess I misread it and I believe I understand now.

Thanks.
  • #10,470
  • Jul 15, 2014 3:30am Jul 15, 2014 3:30am
prefect example of individual decision making..

I see a few people like myself took the ej at top of the current hour.. it was triggered inside the first couple of minutes and sl hit within next a few rather very quick.

ok... was this trade by the rules.. fuck no, lol.. violation of rule 7..
now.. did I take it.. fuck ya... whos fault is that.. your f-ing fault..


now I made the decision to take this ej long trade for 2 reasons.. rather lame reasons but it was a reason nevertheless..
1) i saw the trigger time is still about an full hour away from the release.. so thought i can bank a quick 5 on a open hour pulse jpy dust still around, before dry up.
2) I am down -20 already.. and a lot of news ahead which leaves me with less time to trade.. so again thought I could squeeze one winner in, lol.


nothing for nothing at least know what your doing.. whats the risk of your action.. rather than being in the la la land by just making desperate decision.. bcz thats just no good.
Passion, Persist, Patience, Protect
  • #10,471
  • Jul 15, 2014 3:30am Jul 15, 2014 3:30am
Quoting GoldCoastFX
EA SL -10 {image}
Hey Gold,
I see that the hour you entered price then DID reach the 5 pip target, how come you ended up with a -10SL, did not the 3.5 pips TS kick in?
  • #10,472
  • Jul 15, 2014 3:33am Jul 15, 2014 3:33am
Quoting Callum
So far it looks like, No Positions is a good position so far today, with this news around it is not surprising really... I am interested to see if there is much movement between the last EUR and GBP news and NY open, but think I will just observe for future reference and IF i do trade today it will not be until NY... Udine, I am curious about your EJ trade and suprised you took it, with a press conference shouldn't you (us, we, everyone) be more interested in the time it ends to wait 30 mins after than, rather than 30 mins after the start? - that...

for me the 30 min start to count the moment it starts...

Udine
Sleep less, live fast, as it aint gonna last
  • #10,473
  • Jul 15, 2014 3:34am Jul 15, 2014 3:34am
Quoting overseaz
EJ = SL -10 {image}
you broke a shit lot of rules
  • #10,474
  • Jul 15, 2014 3:35am Jul 15, 2014 3:35am
I think that probability of today TP on pairs that Udine recommend (according to the system rules) is only at New York opening and of course
only on GJ and EJ pairs. It's because of new money will come only at NY session, othewise most likely it will be SL.
  • #10,475
  • Jul 15, 2014 3:36am Jul 15, 2014 3:36am
Out of curiosity did anyone else using IC markets experience a platform freeze after gbp news - mine froze for almost 4-5 minutes?
  • #10,476
  • Jul 15, 2014 3:38am Jul 15, 2014 3:38am
Quoting owner2005
I think that probability of today TP on pairs that Udine recommend (according to the system rules) is only at New York opening and of course only on GJ and EJ pairs. It's because of new money will come only at NY sesssion.
Not on GJ anymore...
ADRīs maxed out (unfortunately).

flx69
  • #10,477
  • Jul 15, 2014 3:39am Jul 15, 2014 3:39am
Quoting Udine
{quote} for me the 30 min start to count the moment it starts... Udine
Ok, I think in these types of news events I will stick to the end... easy for only a few words to have a big impact when we are talking 10pip SL's here and 2:1 RR... In my opinion... Then again, you are the master so maybe I should just take a leaf from your book
  • #10,478
  • Jul 15, 2014 3:40am Jul 15, 2014 3:40am
GJ +34
Done for Day/Week.
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  • #10,479
  • Jul 15, 2014 3:41am Jul 15, 2014 3:41am
Quoting Udine
{quote} for me the 30 min start to count the moment it starts... Udine

even if the press is still going beyond the 30 min?..
usually it lasts about 45min with testimony and questionings.. which normally the turmoil even starts after its done..

your thought please..
Passion, Persist, Patience, Protect
  • #10,480
  • Jul 15, 2014 3:41am Jul 15, 2014 3:41am
see you guys at ny open, news risk ain't worth my pips!
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