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As simple as possible: 00 level trading

  • #11,801
  • Jul 19, 2014 10:33pm Jul 19, 2014 10:33pm
Quoting buntmn
{quote} Not sure about the any candle indicator, should be someone here who can answer. With regards to trading Asian session there are a number of people trading it with some success. Flick thru the last 100 pages or so and look for comments from Mastermind, panamamike, jmflukeiii, QED to name a few. It;s easy enuff to qualify Asian posts from the time posts are made. Thoughts are generally the same: - Only trade currencies popular in the timeframe (AUD, JPY, NZD) - Market generally quieter which can be both more and less stressful. Patience definitely...
Thanks Buntmn for that advice. I think it will really help to interact live, even though it makes the thread quite long.

PIXIE01, I would say your trading is phenomenal. 50% increase in only 4 weeks trading the slow Asian session. Look forward to seeing your trades.


Ht99
  • #11,802
  • Jul 19, 2014 10:40pm Jul 19, 2014 10:40pm
Quoting Pixie01
I am still amazed how clear and simple this system designed and shared by Udine is...:-)....I may never make a full living out of it (no temperament for it - too emotional and edgy...lol)....but I can see definite potential for adding to my income....;-) Agree buntmn regarding your comments re Asian session....it is in my corner and I usually trade then....it is true what you said that it is slower and best pairs to trade during that session are the once you listed above... that said, when I am awake and still sane after my full working day/shopping/feeding...
Hi Pixie01,

It is clear that you wish to bring positive enthusiasm to this thread and we are all grateful for that!

Regarding the AU pair in which you wanted to find out total possible pips for Friday it is easier if you use a setting of 60 (minutes) in your M-candle indicator giving you an hourly overlying candle on an M15 chart that you can use to investigate each trade per hour (subject to satisfying the rules) and considering ADR and red news as appropriate for the given pair as you progress from the start of the trading day through to the end.

After you have compiled the results of your total pip count for the AU pair for the 1 trading day then you need to realize that in reality not every trade is taken for a variety of reasons (selectivity, sync, not at the screen, PA too close to 00 level to place a pending order and the list goes on and on) - in the end it has a lot to do with the discretionary ability of the trader to take the trade or not to take the trade. This comes down to experience which you need to build up over time. Chart time as well as communicating with other traders is a sure way to accelerate this process but don't expect it to happen over night.....it takes a lot of dedication and effective time on the charts.

I wish you well on your trading journey and hope that you stick around in this thread to learn as much as possible from everyone here!

ps. The gain you have made on your small account is nothing short of brilliant. Imagine after time and applying sound trading principles with appropriate larger lot sizes based on the available equity in your account (say 1, 5, 10 or more) how powerful this would become in reaching your daily or weekly $$$ goals. I'm happy to see that you are slow to build up the lot sizes in your trading and this is a wise move ... don't ever go too big too soon.

Good luck!

Masterrmind............
Master your Mind then Master your Trades
  • #11,803
  • Jul 19, 2014 11:12pm Jul 19, 2014 11:12pm
thank you guys for your kind words and encouragement...:-)

Never thought my $40 profit was that good but I am very pleased with that result considering I am trading the smallest contracts there....must admit I had few bad trades but with the firm SL in place damage was negligible to my account....another thing is I do trade gold now and then and profits from that are quite substantial when they happen...:-)

Thank you mastermind for all your additional advise...much appreciated:-)...I will definitely take everything on board and implement it...;-)

will try to post my trades for the day/week when I get around to it..:-)...
  • #11,804
  • Jul 20, 2014 12:22am Jul 20, 2014 12:22am
Quoting ericjschroed
{quote} If you're too frickin' lazy to read a mere 600 pages to increase your education, you will NEVER be profitable at Forex. And it really doesn't matter what anyone else's success is because you will NEVER trade exactly like someone else, and once you figure that out, MAYBE you will start on your path to success. If not, just send me your money now and save yourself the anxiety.

HEY YOU FOOL! Didn't you read my post? I said... I AM NOT TRYING TO FIND OUT HOW TO TRADE THE SYSTEM. Instead I am just curious of the specific results of this system with the other members here! Do I have to spell it out for you? I am ONLY CURIOUS of the specific results of the other members here. Why should a person have to read almost 600 PAGES just to find out the results of others here? If I were absolutely desperate, then yes I would do it. However, why do you believe it is so wrong for members here to respond to let me and others know of their results with this system? You act like others have something to hide! I am not saying they do, but you are acting like it.

I never thought it would be such a BIG deal to request for a few people to post their personal results with this - or any other - system!

Eric, do you really believe it is SUCH a hard task for someone to post their results? You mean to tell me that you are ACTUALLY demanding someone to read ALL 600 PAGES just to find out the results of people who have been trading this system? That is idiotic! All it takes is instead for a few people to show some kindness to post their experiences & results. Again, I don't understand why it is required to read this entire humongous thread in order to see the results of others. I don't understand why it is such a big deal for someone to post their experiences & results.

Therefore, it is not that I am "too frickin' lazy", but instead the truth is you are an idiot that is TOO FRICKIN' COLD-HEARTED.
"Dream big and dare to fail." - Norman Vaughan
  • #11,805
  • Jul 20, 2014 12:36am Jul 20, 2014 12:36am
Quoting Ace_1
{quote} <snip drivel>, do you really believe it is SUCH a hard task for someone to post their results? You mean to tell me that you are ACTUALLY demanding someone to read ALL 600 PAGES just to find out the results of people who have been trading this system? That is idiotic! All it takes is instead for a few people to show some kindness to post their experiences & results.
Why should anyone take the time to post specific results for your benefit?
Nothing to do with kindness, more to do with people being time poor and refusing to answer the same questions that keep popping up by those who don't want to do the legwork. Why re-post results that can be found repeatedly in the thread, if you'd take the time to look i.e. in your time

It's all in the thread, trade after trade posted with results. You don't have to read every post of the thread, but at least skim through the posts. It will then be obvious that the answer to your question can be found on page after page.
.. and Eric's no-ones fool
  • #11,806
  • Jul 20, 2014 1:05am Jul 20, 2014 1:05am
Quoting Beachie41
{quote} Why should anyone take the time to post specific results for your benefit? Nothing to do with kindness, more to do with people being time poor and refusing to answer the same questions that keep popping up by those who don't want to do the legwork. Why re-post results that can be found repeatedly in the thread, if you'd take the time to look i.e. in your time It's all in the thread, trade after trade posted with results. You don't have to read every post of the thread, but at least skim through the posts. It will then be obvious that the...
Thats actually not right, the only 2 that really post what their results are has been Udine and MM for the last 2 weeks has given us a rundown, I read every post being posted and I don't remember anyone else really giving a rundown other than x percent or what ever. if you don't like what someone asks just ignore it, otherwise you end up filling the thread up with exactly what you are trying to prevent.

Skimming the posts and seeing people post winning trades is rather useless, as you don't know if they are posting all their trades or not, and unless you spreadsheet'd user x's trades you still wouldnt get a feel for if people are actually being profitable.

I tend to agree when people ask the basics of the system that have been answered many times before tell them to start at the start and use the search...
  • #11,807
  • Jul 20, 2014 1:09am Jul 20, 2014 1:09am
Quoting Callum
{quote} Thats actually not right, ..
Skimming the thread gives you a good feel for if it's working or not, without needing detailed analysis. But YMMV
  • #11,808
  • Jul 20, 2014 1:35am Jul 20, 2014 1:35am
Quoting Ace_1
{quote} HEY YOU FOOL! Didn't you read my post? I said... I AM NOT TRYING TO FIND OUT HOW TO TRADE THE SYSTEM. Instead I am just curious of the specific results of this system with the other members here! Do I have to spell it out for you? I am ONLY CURIOUS of the specific results of the other members here. Why should a person have to read almost 600 PAGES just to find out the results of others here? If I were absolutely desperate, then yes I would do it. However, why do you believe it is so wrong for members here to respond to let me and others...
There's a lot of misdirected animosity in there.

I'm curious why people feel that proof is somehow "owed" to them.

There are results on every single page of this thread, are you seriously saying you can't find them?

I'm both baffled and astounded by this.
War. Is my profession.
  • #11,809
  • Jul 20, 2014 1:42am Jul 20, 2014 1:42am
Quoting Beachie41
{quote} Skimming the thread gives you a good feel for if it's working or not, without needing detailed analysis. But YMMV
Skimming the thread gives a good feel that what is being posted is working but not many are really showing actual results over a period of time. A single trades or group of single trades doesn't mean a lot by themselves
  • #11,810
  • Jul 20, 2014 1:47am Jul 20, 2014 1:47am
Quoting L0pg
{quote} There's a lot of misdirected animosity in there. I'm curious why people feel that proof is somehow "owed" to them. There are results on every single page of this thread, are you seriously saying you can't find them? I'm both baffled and astounded by this.
The poster made a request for people to share there results - dont think they initially said that it was owed to them, its clearly not owed, but its clearly not owed to them that they get told to read the thread either. If you consider what the poster asked for not many people show their actual results.
I'm a member at some other forums where it has been a requirement to link your real results, all does is help filter the pretenders for the real deal. Not saying this should happen here, but when someone asks if anyone would share there actual results its not such a big deal.

Like you I am baffled and astounded on the opposite side of the fence...
That's all from me on this subject...
whose looking forward to a good trading week starting in approx 24hrs, personally I am!
  • #11,811
  • Jul 20, 2014 1:58am Jul 20, 2014 1:58am
Quoting Callum
{quote} The poster made a request for people to share there results - dont think they initially said that it was owed to them, its clearly not owed, but its clearly not owed to them that they get told to read the thread either. If you consider what the poster asked for not many people show their actual results. I'm a member at some other forums where it has been a requirement to link your real results, all does is help filter the pretenders for the real deal. Not saying this should happen here, but when someone asks if anyone would share there actual...
While I would love for several people to post aggregated results, I'm not about to throw what amounts to a tantrum about it.
I, and I'm sure many others, have an inherent dislike for the sense of entitlement that comes through.

I'm in a place where I can barely get internet, let alone trade. I live vicariously through the Factory at times like this. But I certainly don't think someone should be obliged to do it if they don't want to of their own accord.

Hop you all have a profitable week, so I can watch from the (literal) middle of nowhere!
War. Is my profession.
  • #11,812
  • Jul 20, 2014 3:22am Jul 20, 2014 3:22am
Quoting Ace_1
{quote} I am not trying to find out how to trade the system (at least at this point I'm not) but instead I am just curious of the specific results of this system with the other members here. Is it really necessary for someone to read 100 pages just to get that answer? If this system is working well, then why is it a problem for others to post their results here? It would seem they would be happy to do it (if they truly are making pips with this system). Isn't that right? I know I would be glad to post my results if I were making pips here. I wouldn't...
Results:

Total trades: 64
Trade rules followed: 59
Trade rules not followed: 5

Pips
TP 34 trades = 170 pips
SL 18 trades (of which 7 trades opened way too close to the D.O.): -180 pips
TS 12 trades: 23 pips
Grand Total of 64 trades: 13 pips

The majority of losses has been during the week of 14-18 July, a "complicated" week with lots of red news.

Hope this helps.
flx69

EDIT: almost everybody in this forum is posting his/her trades, so it should be fairly easy for you to figure this out.
MM and Udine have posted total results, should make it even more easy for you.
Not everybody is prepared to draft an exec summary of their trade results just to make it "easier for first time visitors" to determine if the system is profitable.
Profitable depends only partly on the system, much more on the trader...
  • #11,813
  • Jul 20, 2014 3:50am Jul 20, 2014 3:50am
I'll post my results briefly since switching to live trading.

Week 1 and 2,

37 trades.
24 won
13 lost
Average win 4.45pips
average loss 3.85 pips
(win and loss includes "break even" trades and if they were $ possitive or negative after comm)
Total + 65 pips or 6.68%

Week 3, new broker and tough week as many had with news and difficult market.

21 trades
9 won
12 lost
average win 5.13 pips
average loss 6.81 pips
Total - 35 pips or - 4.88%

Thats all live results, total I am up 1.8% all told!
Actually happy with that, made some really bad decisions last week including not taking 4 winners purely because my confidence in my decision making was waning...

Really looking to the coming weeks and bringing a new level of professionalism to my trading.
  • #11,814
  • Jul 20, 2014 3:56am Jul 20, 2014 3:56am
OK. Personally I am here to learn new stuff which can help me with my trading....and that has happened ...

I believe the traders who are arriving here and saying "show me the money" are probably asking for the summary of trades/pips as can be found on this website...the tool is called Trade Explorer .... I usually browse through top posters to see what they traded and how successfully.....

I am not sure how to set it up as yet but I might, one day....too many things to do here atm...more important things...and truly I have nothing to show as yet....lol

That said I am not going to get involved in that discussion as it is sensitive stuff and very personal choice - do I show or don't I?

Udine started this thread and shared his system and the way he uses it...I got his indicators and use it the way it fits me best....I even trade different pairs to his and do not use trailing stops just set up take profits...My SL is in points (300) and Take profit in points as well (200)...

so everyone to their own I guess ...make the best of the freely given information....it is precious....some would charge you thousands for a system like that...this is a freebie....
  • #11,815
  • Jul 20, 2014 4:52am Jul 20, 2014 4:52am
Quoting Callum
I'll post my results briefly since switching to live trading. Week 1 and 2, 37 trades. 24 won 13 lost Average win 4.45pips average loss 3.85 pips (win and loss includes "break even" trades and if they were $ possitive or negative after comm) Total + 65 pips or 6.68% Week 3, new broker and tough week as many had with news and difficult market. 21 trades 9 won 12 lost average win 5.13 pips average loss 6.81 pips Total - 35 pips or - 4.88% Thats all live results, total I am up 1.8% all told! Actually happy with that, made some really bad decisions...
Herein lies the rub. This is the reason why I suggested quickly reading the first 50 and last 50 pages ( at that time, now from end of trading Friday back 50). There are many trades, results, and daily aggregates shown.....it will give an idea as there are winning and losing trades posted. However, while I believe you, there is No verification to what you posted as results. If I posted my results for the last two weeks, it becomes "I don't believe you...post your statements...." Etc. Which I personally have no intention of doing. That leads to pissing contests, floods of IMs requesting real time calls, "trade my $ for me"etc. I do this for a living and don't have the time to deal with that unsolicited headache. Again, everyone is different, so the only way to know if this system is profitable or not, is to forward test it on a live account (micro) and see how it performs over time. Most here have only been trading it a month or less in time. Some trade different hours, some quit at 2%, some break more rules than others, some are trading it multiple sessions openings, while others multiple sessions in their entirety.
  • #11,816
  • Jul 20, 2014 4:59am Jul 20, 2014 4:59am
In my opinion is spread another important factor. If you have to trade with 3 pip spread on each trade, your chance is limited to win over the long term.
  • #11,817
  • Jul 20, 2014 5:00am Jul 20, 2014 5:00am
Quoting Callum
{quote} Skimming the thread gives a good feel that what is being posted is working but not many are really showing actual results over a period of time. A single trades or group of single trades doesn't mean a lot by themselves
Exactly. The best way to see the results is doing it for himself. That is the only way to know for sure.
  • #11,818
  • Jul 20, 2014 5:02am Jul 20, 2014 5:02am
SNAP PANA ive been using the system on SPI 200 .no point whatsoever posting my deals as they have no relevance to curriencies ... needless to say the system/method works for me ,.TRADING is a highly individual thing ,, you have to find your own path ... cheeres Q
Whats That? you're trading What?
  • #11,819
  • Jul 20, 2014 7:07am Jul 20, 2014 7:07am
Quoting turboguru
Not seeing any reason to close it. I like to let trades move a little 6 pips locked. I have a EA that trails and moves at whatever pips you want it to. {image}
dear mr/mrs turboguru

can you share to me EA maouro_traling1 that you used in your template trading?

thx for your kidnes (sory for my english is not god)
  • #11,820
  • Jul 20, 2014 12:01pm Jul 20, 2014 12:01pm
Quoting enda
{quote} dear mr/mrs turboguru can you share to me EA maouro_traling1 that you used in your template trading? thx for your kidnes (sory for my english is not god)
Here you go
Attached File(s)
File Type: mq4 ATM_Mauro_Trailing.mq4   9 KB | 502 downloads
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