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As simple as possible: 00 level trading

  • #11,621
  • Jul 18, 2014 3:49am Jul 18, 2014 3:49am
Quoting Lrt.Ita
{quote} Talent helps a lot, but only when dedication works harder.. Lrt
You understand it perfectly right
Look for reasons not to take a trade.
  • #11,622
  • Jul 18, 2014 3:51am Jul 18, 2014 3:51am
Quoting Udine
{quote} Ieie Udine
You know Japanese, Sugoi!
My hope has been almost completely shattered, but not completely yet
  • #11,623
  • Jul 18, 2014 3:51am Jul 18, 2014 3:51am
this was my 4th week and it was the most interesting and best testing one.

+22 pips for the week (due to a -20 loosing day)

for me now is clear:

1) that despite symplicity no EA or robot can follow the system, thats very good!

2) patience and experience are the only friends to get through this difficult week.

3) after 2 losses in a row on a day i will stop trading and wait for the next day.


cu next week!
  • #11,624
  • Jul 18, 2014 3:53am Jul 18, 2014 3:53am
Quoting easygoing
{quote} You know Japanese, Sugoi!

only a few words...

Udine
Sleep less, live fast, as it aint gonna last
  • #11,625
  • Jul 18, 2014 3:53am Jul 18, 2014 3:53am
Quoting Udine
{quote} love makes deaf, dumb and blind... but after a few years that starts to wear off... Udine
I'm sure her opinion will change in few months.
Look for reasons not to take a trade.
  • #11,626
  • Jul 18, 2014 3:59am Jul 18, 2014 3:59am
Quoting overseaz
{quote} I'm sure her opinion will change in few months.

nahh.. this forex trading only pisses her off, as I paid earlier only 20 % and now 26 % taxes, but she pays around 60 - 65 % taxes...

and she yells at me.. AND YOU DONT DO A DAMN THING !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #11,627
  • Jul 18, 2014 4:00am Jul 18, 2014 4:00am
Quoting easygoing
{quote} Hi sada. Leverage of 25 doesn't allow us to take 2% risk a position. So we don't make as much money as others, but more important than that is Udine's money management or risk management is integral part of his system. Being able to have 2 positions at a time works for you when there's a strong trend, and this system is basically a breakout system so if your pendings are triggered, it's a high possibility that there's an hourly trend. I reduced my risk both for regaining my BCC and being able to have 2 positions at a time. I plan to open...
Hi, easygoing
Yes, I'm also just thinking open oversea acount to allow me higher leverage.
For example, I missed the chance to get 5*2 pips at the same time a little while ago...
Thank you for your kind advise.
  • #11,628
  • Jul 18, 2014 4:02am Jul 18, 2014 4:02am
Quoting Udine
{quote} 1. i speak 5 languages 2. wife from Italy and she wanted to go back home Udine
Thank you for the answer!

So, Freeletics is for body, and what is for languages?
It's impressive, btw!

Artem
Let's go with the flow
  • #11,629
  • Jul 18, 2014 4:05am Jul 18, 2014 4:05am
Bonus Trades

Whilst I was out and then when I returned home I found these 2 waiting for me.

#4

EJ +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB


#5

GJ +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 55 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #11,630
  • Jul 18, 2014 4:06am Jul 18, 2014 4:06am
Quoting Udine
{quote}AND YOU DONT DO A DAMN THING !!! Udine
Well, my parents think I'm here playing videogames.. LOL
At least my girlfriend is getting interest and started studying babypips this week .

Lrt
"Every battle is won before it's fought."
  • #11,631
  • Jul 18, 2014 4:07am Jul 18, 2014 4:07am
Quoting Udine
{quote} only a few words... Udine
Udine hi...

question... was the trade by rule?...GJ long 173.500 at 4:25 ./
  • #11,632
  • Jul 18, 2014 4:08am Jul 18, 2014 4:08am
Quoting artem_t
{quote} Thank you for the answer! So, Freeletics is for body, and what is for languages? It's impressive, btw! Artem

nothing

Dutch = mother language
English and German in school

then transferred to Spain without knowing the language.. learned while working there.. and then moved to Italy again without knowing the language, but learned fast enough..

travelled the world for work, so picked up some words here and there..

Udine
Sleep less, live fast, as it aint gonna last
  • #11,633
  • Jul 18, 2014 4:10am Jul 18, 2014 4:10am
Quoting Lrt.Ita
{quote} Well, my parents think I'm here playing videogames.. LOL At least my girlfriend is getting interest and started studying babypips this week . Lrt

smart girl

Udine
Sleep less, live fast, as it aint gonna last
  • #11,634
  • Jul 18, 2014 4:11am Jul 18, 2014 4:11am
Quoting NewToForex14
{quote} Udine hi... question... was the trade by rule?...GJ long 173.500 at 4:25 ./

what do u think ??

Udine
Sleep less, live fast, as it aint gonna last
  • #11,635
  • Jul 18, 2014 4:12am Jul 18, 2014 4:12am
Good Morning Fellow Traders,
Today's log:

GJ SHORT @173.300 closed manually @-4 pips -- completely out of my mind, I did not check that my indi incorrectly showed DO after a computer comeback from sleep
EJ LONG @137.100 TP +5.
EU LONG @1.3530 closed manually @BE -- did not like how the hour closed, seemed weak to me
GU LONG @1.7110 TP+5

Áron
  • #11,636
  • Jul 18, 2014 4:12am Jul 18, 2014 4:12am
Quoting Udine
{quote} what do u think ?? Udine
Udine, I think ''no''...it was the second time the price toched ''00'' level...the first time was at 400...

am I right ?
  • #11,637
  • Jul 18, 2014 4:15am Jul 18, 2014 4:15am
I am GA SHORT @1.8230 now.
  • #11,638
  • Jul 18, 2014 4:16am Jul 18, 2014 4:16am
Quoting NewToForex14
{quote} Udine, I think ''no''...it was the second time the price toched ''00'' level am I right ?

wrong..

it was a correct entry..

it does not matter if the level has been touched in the previous hour...

Edit: here is the chart...

Attached Image


the hour in the circle.. entry on the .500 level is good

Udine
Sleep less, live fast, as it aint gonna last
  • #11,639
  • Jul 18, 2014 4:22am Jul 18, 2014 4:22am
Quoting Udine
{quote} nahh.. this forex trading only pisses her off, as I paid earlier only 20 % and now 26 % taxes, but she pays around 60 - 65 % taxes... and she yells at me.. AND YOU DONT DO A DAMN THING !!! Udine
That's a lot of taxes I should say. I know they want you to be successful right a way. Well, they need to wait a little. Or They should try to marry Berlusconi-like at the first place(just kidding).
Look for reasons not to take a trade.
  • #11,640
  • Jul 18, 2014 4:24am Jul 18, 2014 4:24am
Quoting Udine
{quote} wrong.. it was a correct entry.. it does not matter if the level has been touched in the previous hour... Udine
Udine, I am not talking about previous hour, it is the same hour...the price toched level .400 at 4:03 then went to 173.500 at 4:25... all that in one hour...second hour of London..
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