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As simple as possible: 00 level trading

  • #12,721
  • Jul 23, 2014 5:11am Jul 23, 2014 5:11am
Quoting Carpathian
I am GJ SHORT @172.800, EJ SHORT @136.500. But now it's the hammers that may knock me in the head instead of a 5 pip wish...
GJ out by TS.
  • #12,722
  • Jul 23, 2014 5:14am Jul 23, 2014 5:14am
Quoting Qed
flx69 ... just my 2 bobs worth .... when you see your first pending snapped up in the right direction, follow up with a back up deal , dunno if Im right or not but when you get the first deal RIGHT dont be afraid to risk some of your win in another deal .... keeping in mind DO NOT "DONATE " back to market all of your hard earned wins/s
Thx QED.

Will keep that in mind :-)

flx69
  • #12,723
  • Jul 23, 2014 5:18am Jul 23, 2014 5:18am
Quoting FXEmpire
thx guys.. since you like it here is two more on gu, same momo move.. this is something I am playing with mixed with udine stuff.. I figure if we look for trend.. why not ride that impulse momo move for max advantage before it goes to rest.. {image}
Yes I saw the exact same setup on GA the other day.

It's very very powerful trading when it matches up.

Masterrmind...........
Master your Mind then Master your Trades
  • #12,724
  • Jul 23, 2014 5:19am Jul 23, 2014 5:19am
All PM's have now been answered!

Thanks Guys (and girls) as the case may be.

Masterrmind...........
Master your Mind then Master your Trades
  • #12,725
  • Jul 23, 2014 5:21am Jul 23, 2014 5:21am
Quoting Udine
{quote} standing around 76 % so far..
Hello Udine,
If your accuracy is 76% , TP = 5 pips & SL = 10 pips ---- > This system is not much profitable. Isn't it ?
( We have to reduce the spread also )

Please forgive me & answer this
( I am newbe )
  • #12,726
  • Jul 23, 2014 5:22am Jul 23, 2014 5:22am
Quoting Udine
{quote} i never said I limit myself to 2 hours.... Udine
hmmm
now i wonder why i only assumed 2 hours was the ideal time to trade after LO
  • #12,727
  • Jul 23, 2014 5:24am Jul 23, 2014 5:24am
Quoting BLACKFEET
{quote} Hi Udine, Would you be kind enough to elaborate about "...the combination of London Open..." because, as you can guess, I traded the GY short ...at the LO and SLed it . Thanks In Advance Best Regards BBF PS : I'm very happy with your method, your teaching and your philosopy. Please stay going on !!!

its not stcking in your favor... london makes the market move... the upcoming red news will influence all that, but you never know in which direction..

Udine
Sleep less, live fast, as it aint gonna last
  • #12,728
  • Jul 23, 2014 5:24am Jul 23, 2014 5:24am
Quoting flash4
{quote} hmmm now i wonder why i only assumed 2 hours was the ideal time to trade after LO

some members advised the 2 hour limit

Udine
Sleep less, live fast, as it aint gonna last
  • #12,729
  • Jul 23, 2014 5:28am Jul 23, 2014 5:28am
Quoting Emmpoli
Goodmorning mastermind, i have sent you a pm. please reply at your convenience. Wish you all green pips
PM sent your way.

Start @ Post 1, get familiar with MT4 and take your time to learn things step by step.

Good luck in your trading journey.

Masterrmind...........
Master your Mind then Master your Trades
  • #12,730
  • Jul 23, 2014 5:30am Jul 23, 2014 5:30am
EJ SHORT @136.500 -10 SL -- I saw the long lower wick the previous hour (not showing momo downwards), but saw EU close below DO so I thought if it'd continue down then it'd pull EJ down. I should have seen EJ close above the level two consecutive hours after having played around a lot.
Unfortunately it is too much my recent emotions that affect me: the fear of loss keeps me away from entering, while the happy of gain and the urge to make (up for the lost) pips make me enter.
Attached Image
  • #12,731
  • Jul 23, 2014 5:38am Jul 23, 2014 5:38am
Quoting Carpathian
EJ SHORT @136.500 -10 SL -- I saw the long lower wick the previous hour (not showing momo downwards), but saw EU close below DO so I thought if it'd continue down then it'd pull EJ down. I should have seen EJ close above the level two consecutive hours after having played around a lot. Unfortunately it is too much my recent emotions that affect me: the fear of loss keeps me away from entering, while the happy of gain and the urge to make (up for the lost) pips make me enter. {image}

post 12.681:

all Euro pairs are near their lows.. so be carefull..

the grid has been set with 10 weeks..

if you dont see the grid below anymore you know you are near the 10 week low..


Udine
Sleep less, live fast, as it aint gonna last
  • #12,732
  • Jul 23, 2014 5:56am Jul 23, 2014 5:56am
Quoting Udine
{quote} post 12.681: all Euro pairs are near their lows.. so be carefull.. the grid has been set with 10 weeks.. if you dont see the grid below anymore you know you are near the 10 week low.. Udine
Yeah, I had that on my mind as well... but very difficult for me to keep me on the sideline when my fear is gone. Unfortunately when on the sideline it is my fear that keeps me there, not that much the uncertainties of a given situation. I am too emotional about all this, need to work on that.
  • #12,733
  • Jul 23, 2014 6:01am Jul 23, 2014 6:01am
Quoting Carpathian
{quote} Yeah, I had that on my mind as well... but very difficult for me to keep me on the sideline when my fear is gone. Unfortunately when on the sideline it is my fear that keeps me there, not that much the uncertainties of a given situation. I am too emotional about all this, need to work on that.

treat it as a business..

dont need fear.. but respect for the market..

there were reasons NOT to take a trade, so sit on your hands !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #12,734
  • Jul 23, 2014 6:03am Jul 23, 2014 6:03am
GJ to SL, the TS did not kick in for some reason...
  • #12,735
  • Jul 23, 2014 6:09am Jul 23, 2014 6:09am
Hi Udine,

Thank you for a great system!! Only price action and now lagging indicators, which I like. If you don't mind, can you please give me an idea of what your % growth from inception is, and when you started using this system? Just for us to get some confidence in trading this system. I would definitely like to have a consistent account with 2% per day = goal!!

Regards
J316
  • #12,736
  • Jul 23, 2014 6:11am Jul 23, 2014 6:11am
Quoting Udine
{quote} treat it as a business.. dont need fear.. but respect for the market.. there were reasons NOT to take a trade, so sit on your hands !!! Udine
Yeah, thanks for all the time spent Coach, will do so!
ps. I not fear the market however 'how am I gonna make up for the losses'. Bad thinking... lack of self and in the system belief. Okay, that's all about psycho for today!
  • #12,737
  • Jul 23, 2014 6:20am Jul 23, 2014 6:20am
Quoting Goodgame42
+21 points today on it ! {image}
If TP = 5 pips & SL = 10 pips , How did Goodgame take this 7, 3, 4 pips etc ? What is this profit taking method ?
( In this case , how can I determine the profit level ? )
  • #12,738
  • Jul 23, 2014 6:22am Jul 23, 2014 6:22am
Quoting J316
Hi Udine, Thank you for a great system!! Only price action and now lagging indicators, which I like. If you don't mind, can you please give me an idea of what your % growth from inception is, and when you started using this system? Just for us to get some confidence in trading this system. I would definitely like to have a consistent account with 2% per day = goal!! Regards J316
has been mentioned in the thread, but here you go....

12 weeks trading..
profitable trades: between 76 - 83 % per month

account growth:
worst week: +8 % (last week)
best week : +22 %

Udine
Sleep less, live fast, as it aint gonna last
  • #12,739
  • Jul 23, 2014 6:22am Jul 23, 2014 6:22am
Quoting Carpathian
{quote} Yeah, thanks for all the time spent Coach, will do so! ps. I not fear the market however 'how am I gonna make up for the losses'. Bad thinking... lack of self and in the system belief. Okay, that's all about psycho for today!

as always PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #12,740
  • Jul 23, 2014 6:24am Jul 23, 2014 6:24am
Quoting Udine
{quote} has been mentioned in the thread, but here you go.... 12 weeks trading.. profitable trades: between 76 - 83 % per month account growth: worst week: +8 % (last week) best week : +22 % Udine
Thanks for the info, appreciate!!
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