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As simple as possible: 00 level trading

  • #11,381
  • Jul 17, 2014 8:04am Jul 17, 2014 8:04am
By now I'm +46.9 pips in the month, but only +8.3%.
Looking at the stats, if i was in live trading, my broker would have earned the exact double than i did, LOL.
What a shitty week, i really should learn when to stay out.

Lrt
"Every battle is won before it's fought."
  • #11,382
  • Jul 17, 2014 8:05am Jul 17, 2014 8:05am
Quoting Udine
{quote} Edit: this was missing: so EU with its base currency USD is NOT leading the Pound. I never said that !! Udine
true,
but this was sounding so
..."GU is at a BRN, will it push through, while the GJ as already reached ADR, i doubt it..."

anyway, GU in red news hour now.
  • #11,383
  • Jul 17, 2014 8:11am Jul 17, 2014 8:11am
Looks like I could have stayed out longer......

Sidelines for me for the time being I don't see anything worth trading.

Masterrmind............
Master your Mind then Master your Trades
  • #11,384
  • Jul 17, 2014 8:13am Jul 17, 2014 8:13am
Quoting Lrt.Ita
By now I'm +46.9 pips in the month, but only +8.3%. Looking at the stats, if i was in live trading, my broker would have earned the exact double than i did, LOL. What a shitty week, i really should learn when to stay out. Lrt

only 8.3%, lol... that's way more than my lame as broker makes in year for me on my mutual-fund..

8.3 x 12.. wowww..
Passion, Persist, Patience, Protect
  • #11,385
  • Jul 17, 2014 8:14am Jul 17, 2014 8:14am
Quoting Masterrmind
Looks like I could have stayed out longer...... Sidelines for me for the time being I don't see anything worth trading. Masterrmind............
Yeah, well if you do don´t hesitate to share

I´ve scanned all E´s, G´s, A´s, C´s and nothing of interest whatsoever...
  • #11,386
  • Jul 17, 2014 8:15am Jul 17, 2014 8:15am
well just about time for me to hit some tennis balls..

got my doze of backward-profitability of 20% for today is reached.. lol..

kidding aside.. this thing, fundamentally is right.. it's just a matter of time.. believeeeeeeeeeeeee..

cya guys later..
Passion, Persist, Patience, Protect
  • #11,387
  • Jul 17, 2014 8:17am Jul 17, 2014 8:17am
Quoting FXEmpire
{quote} only 8.3%, lol... that way more than my lame as broker makes in year for me on my mutual-fund.. 8.3 x 12.. wowww..
Yeah honestly. A lot of people think about "trading" as producing your monthly income from it and living from it. However, I think people would have a lot less trouble with the idea of "trading" as a more active form of investing. If you could produce 20% PER YEAR consistently with a bit of active management you are doing better than almost all publicly available mutual funds. So in one month, 8.3% puts you almost half-way to a yearly goal of outperforming almost any other investment available to you.
Small disciplines repeated with consistency lead to great achievements.
  • #11,388
  • Jul 17, 2014 8:18am Jul 17, 2014 8:18am
Quoting flx69
{quote} Yeah, well if you do don´t hesitate to share I´ve scanned all E´s, G´s, A´s, C´s and nothing of interest whatsoever...
Yes I've been through them all..........

including the others I trade and nothing really stands out.

Now it's a waiting game.

Masterrmind...........
Master your Mind then Master your Trades
  • #11,389
  • Jul 17, 2014 8:28am Jul 17, 2014 8:28am
Quoting Masterrmind
{quote} Yes I've been through them all.......... including the others I trade and nothing really stands out. Now it's a waiting game. Masterrmind...........

so about eurjpy sell at 137.300 its valid trade

why dont take it ?
  • #11,390
  • Jul 17, 2014 8:39am Jul 17, 2014 8:39am
Quoting Juan007
{quote} so about eurjpy sell at 137.300 its valid trade why dont take it ?

discussed a little earlier..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #11,391
  • Jul 17, 2014 8:39am Jul 17, 2014 8:39am
ej ts

only 1 pip to tp
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15 robot 3.png Size: 64 KB
  • #11,392
  • Jul 17, 2014 8:41am Jul 17, 2014 8:41am
Quoting jmflukeiii
{quote} Yeah honestly. A lot of people think about "trading" as producing your monthly income from it and living from it. However, I think people would have a lot less trouble with the idea of "trading" as a more active form of investing. If you could produce 20% PER YEAR consistently with a bit of active management you are doing better than almost all publicly available mutual funds. So in one month, 8.3% puts you almost half-way to a yearly goal of outperforming almost any other investment available to you.

That is absolutely true, but I am approaching to trading in the first way you wrote, I just want it to be my work and i want to live with it. The second approach goes well for someone who has large capitals. I'm just an university graduate italian 23yo that still lives with parents and made the worst works on the place (the last two were door to door salesman) to keep going on, and never quit studing trading since now, even when i was working 12h a day.
This will be my source of income, doesn't matter how much more time it will take. Just sayn': my last boss "disappeared" without paying me my last 300h of work, and where i live this is normality. Can't get any more, that's all .

BTW, mine was not a complaint or a loss of confidence with the method, it was just a consideration about my actual state in demo.

Lrt
"Every battle is won before it's fought."
  • #11,393
  • Jul 17, 2014 8:48am Jul 17, 2014 8:48am
Quoting Juan007
{quote} so about eurjpy sell at 137.300 its valid trade why dont take it ?
Yep been over that I'm afraid.

Thanks for responding Udine ...

Masterrmind..........
Master your Mind then Master your Trades
  • #11,394
  • Jul 17, 2014 8:53am Jul 17, 2014 8:53am
Quoting Lrt.Ita
{quote} That is absolutely true, but I am approaching to trading in the first way you wrote, I just want it to be my work and i want to live with it. The second approach goes well for someone who has large capitals. I'm just an university graduate italian 23yo that still lives with parents and made the worst works on the place (the last two were door to door salesman) to keep going on, and never quit studing trading since now, even when i was working 12h a day. This will be my source of income, doesn't matter how much more time it will take. Just...
PDF, P of patience (but also of persistant, perseverant...).

“The secret of change is to focus all of your energy, not on fighting the old, but on building the new.”
Socrates
  • #11,395
  • Jul 17, 2014 8:55am Jul 17, 2014 8:55am
Quoting Masterrmind
{quote} Yep been over that I'm afraid. Thanks for responding Udine ... Masterrmind..........
thanks Mastermind
i checking the forum but i dont find the answer

could you please give me a idea about

gracias
  • #11,396
  • Jul 17, 2014 8:56am Jul 17, 2014 8:56am
Quoting flx69
{quote} PDF, P of patience (but also of persistant, perseverant...). “The secret of change is to focus all of your energy, not on fighting the old, but on building the new.” Socrates
I agree, 100%, and that's why I wrote "This will be my source of income, doesn't matter how much more time it will take".



Lrt
"Every battle is won before it's fought."
  • #11,397
  • Jul 17, 2014 8:57am Jul 17, 2014 8:57am
Quoting Lrt.Ita
{quote} That is absolutely true, but I am approaching to trading in the first way you wrote, I just want it to be my work and i want to live with it. The second approach goes well for someone who has large capitals. I'm just an university graduate italian 23yo that still lives with parents and made the worst works on the place (the last two were door to door salesman) to keep going on, and never quit studing trading since now, even when i was working 12h a day. This will be my source of income, doesn't matter how much more time it will take. Just...
Had to respond to this post!

That's a powerful and touching message you just portrayed and I must say it takes a lot of guts to go so personal.

If your dream is to trade and make a living for yourself then what better motivation than having been let down so many times by others.

I truly wish you success in reaching your goals and whatever you do....don't ever give up the fight!

Masterrmind..........
Master your Mind then Master your Trades
  • #11,398
  • Jul 17, 2014 9:16am Jul 17, 2014 9:16am
Quoting Masterrmind
{quote} Had to respond to this post! That's a powerful and touching message you just portrayed and I must say it takes a lot of guts to go so personal. If your dream is to trade and make a living for yourself then what better motivation than having been let down so many times by others. I truly wish you success in reaching your goals and whatever you do....don't ever give give up the fight! Masterrmind..........
Yes, really touching. Do not ever give up. Practice a lot and you will make it!

For me it isnt about making alot of money. Its about the freedom. You can spend more qualitytime with family and friends. That is what life is all about. As life in general, if you want to become good at something, you need to PRACTICE.... ALOT
  • #11,399
  • Jul 17, 2014 9:22am Jul 17, 2014 9:22am
Well that about does it - back for Tokyo.
Small disciplines repeated with consistency lead to great achievements.
  • #11,400
  • Jul 17, 2014 9:31am Jul 17, 2014 9:31am
Quoting Juan007
{quote} thanks Mastermind i checking the forum but i dont find the answer could you please give me a idea about gracias
Start reading from about page 568 or thereabouts, it's discussed a lot.

Then check your EJ chart and compare.

Hint: What is the PA telling you about the trend of this pair since about Frankfurt Open?
What about the Range ?
Anything else you notice ?

Hope this helps but as always the answers are buried within the charts.

Masterrmind.............
Master your Mind then Master your Trades
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