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As simple as possible: 00 level trading

  • #12,401
  • Jul 22, 2014 5:52am Jul 22, 2014 5:52am
lets be honest... if you can mkae money trading there is no need for selling systems, experts, indicators, scripts etc etc..

selling stuff only means (IMHO) that your uncapable making money trading..

Udine
Sleep less, live fast, as it aint gonna last
  • #12,402
  • Jul 22, 2014 5:52am Jul 22, 2014 5:52am
Quoting Udine
{quote} LOL... wrong is my middle name Udine
Udine,

As they say "What goes around, comes around"

Cigarguy
Keep It Simple
  • #12,403
  • Jul 22, 2014 5:56am Jul 22, 2014 5:56am
Quoting Udine
lets be honest... if you can mkae money trading there is no need for selling systems, experts, indicators, scripts etc etc.. selling stuff only means (IMHO) that your uncapable making money trading.. Udine
I totally agree with that and it is the logical thinking,but human been greed make him think that he can get more (Even when he don't need it and can make people happy around him).
  • #12,404
  • Jul 22, 2014 5:56am Jul 22, 2014 5:56am
Quoting Udine
lets be honest... if you can mkae money trading there is no need for selling systems, experts, indicators, scripts etc etc.. selling stuff only means (IMHO) that your uncapable making money trading.. Udine
101% true!
  • #12,405
  • Jul 22, 2014 5:57am Jul 22, 2014 5:57am
Quoting Udine
lets be honest... if you can mkae money trading there is no need for selling systems, experts, indicators, scripts etc etc.. selling stuff only means (IMHO) that your uncapable making money trading.. Udine
yes, this is absolutly true!
  • #12,406
  • Jul 22, 2014 5:57am Jul 22, 2014 5:57am
wasnt infront of the computer so missed london after the first hour
hoping for magic at NY open
but only 2 out of 4 pairs left
  • #12,407
  • Jul 22, 2014 6:02am Jul 22, 2014 6:02am
Quoting flash4
wasnt infront of the computer so missed london after the first hour hoping for magic at NY open but only 2 out of 4 pairs left

there will be other opportunities / days

Udine
Sleep less, live fast, as it aint gonna last
  • #12,408
  • Jul 22, 2014 6:03am Jul 22, 2014 6:03am
Quoting flash4
wasnt infront of the computer so missed london after the first hour hoping for magic at NY open but only 2 out of 4 pairs left
Itīs true that EJīs pretty much done for the day.
However, thereīs many other pairs left ! Look at the Cs the As.
flx69
  • #12,409
  • Jul 22, 2014 6:20am Jul 22, 2014 6:20am
Quoting flx69
{quote} Itīs true that EJīs pretty much done for the day. However, thereīs many other pairs left ! Look at the Cs the As. flx69
thanks flx69
just focusing on the main 4 discussed here
i want to master them first before going onto others
lately i havent had great success so i must get good before progressing
  • #12,410
  • Jul 22, 2014 6:21am Jul 22, 2014 6:21am
Quoting flash4
{quote} thanks flx69 just focusing on the main 4 discussed here i want to master them first before going onto others lately i havent had great success so i must get good before progressing

dont worry,

I am not looking at others either..

Udine
Sleep less, live fast, as it aint gonna last
  • #12,411
  • Jul 22, 2014 6:37am Jul 22, 2014 6:37am
Quoting flx69
{quote} Itīs true that EJīs pretty much done for the day. However, thereīs many other pairs left ! Look at the Cs the As. flx69
first to master EJ and GJ....double my account...then including GU and EU...again double my account.

EA, GA, EC, etc...have nice ADRs but huge spreads i feel not comfortable with
  • #12,412
  • Jul 22, 2014 6:51am Jul 22, 2014 6:51am
Quoting Udine
{quote} dont worry, I am not looking at others either.. Udine
Udine, Yes, definitely correct!

IMO, traders, especially new traders, should pick a couple of pairs that they feel comfortable with and fit into their trading time zone. Watch them closely, and as corny as it may sound, learn the rhythm of those pairs. Then just start with small lot trades and then slowly increase the lot size to fit their account size and their comfort level as they become profitable. Trading is a marathon not a sprint account preservation is a must !

Just my 2 cents

Cigarguy
Keep It Simple
  • #12,413
  • Jul 22, 2014 6:53am Jul 22, 2014 6:53am
I am looking at historical ADR data of 2013.

Amazing, thereīs barely any days < 100 pips on the EJ pair.
Highs of as much as 400 pips !
Wish I had been trading this system a year ago !
  • #12,414
  • Jul 22, 2014 6:55am Jul 22, 2014 6:55am
Quoting flx69
I am looking at historical ADR data of 2013. Amazing, thereīs barely any days < 100 pips on the EJ pair. Highs of as much as 400 pips ! Wish I had been trading this system a year ago !
One of the all time major problems with the market is understanding that you need to be aware of it's dynamic nature (it changes) and therefore you must adapt.

Masterrmind..........
Master your Mind then Master your Trades
  • #12,415
  • Jul 22, 2014 6:57am Jul 22, 2014 6:57am
Quoting Masterrmind
{quote} One of the all time major problems with the market is understanding that you need to be aware of it's dynamic nature (it changes) and therefore you must adapt. Masterrmind..........
Yes MM, thatīs an understatement...

Now, letīs see if NY open has any surprises.

flx69
  • #12,416
  • Jul 22, 2014 7:00am Jul 22, 2014 7:00am
Quoting flx69
I am looking at historical ADR data of 2013. Amazing, thereīs barely any days < 100 pips on the EJ pair. Highs of as much as 400 pips ! Wish I had been trading this system a year ago !
Udine was showing me that exact thing yesterday..
I consider trading in those dead months as a really hard training.
Probably who is profitable now as the markets start moving (maybe september) will be excellent..

Lrt
"Every battle is won before it's fought."
  • #12,417
  • Jul 22, 2014 7:02am Jul 22, 2014 7:02am
Quoting flx69
I am looking at historical ADR data of 2013. Amazing, thereīs barely any days < 100 pips on the EJ pair. Highs of as much as 400 pips ! Wish I had been trading this system a year ago !

ahh the good old days...

Udine
Sleep less, live fast, as it aint gonna last
  • #12,418
  • Jul 22, 2014 7:04am Jul 22, 2014 7:04am
Quoting Masterrmind
{quote} One of the all time major problems with the market is understanding that you need to be aware of it's dynamic nature (it changes) and therefore you must adapt. Masterrmind..........
How true, you can imagine, with 200-300 ADR the swings become bigger, so the 10/5 pip setting might not yield good results, you may get stopped frequently.
  • #12,419
  • Jul 22, 2014 7:05am Jul 22, 2014 7:05am
Quoting Masterrmind
{quote} One of the all time major problems with the market is understanding that you need to be aware of it's dynamic nature (it changes) and therefore you must adapt. Masterrmind..........

110 % agreed

Udine
Sleep less, live fast, as it aint gonna last
  • #12,420
  • Jul 22, 2014 7:06am Jul 22, 2014 7:06am
I am GJ LONG @173.300
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