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As simple as possible: 00 level trading

  • #12,741
  • Jul 23, 2014 6:25am Jul 23, 2014 6:25am
Fear is a defense mechanism, necessary for survival. We must learn to control it. Emotional Intelligence. There are lots of books on this subject.
Donde hay Patron no manda Marinero
  • #12,742
  • Jul 23, 2014 6:30am Jul 23, 2014 6:30am
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
dear Udine.. the hit rate of 76-83% per month is counting ones overall well wised discretion and management.. which varies for everyone depending in many factors..

otherwise is not nearly close to those numbers..
Passion, Persist, Patience, Protect
  • #12,743
  • Jul 23, 2014 6:34am Jul 23, 2014 6:34am
Quoting FXEmpire
{quote} dear Udine.. the hit rate of 76-83% per month is counting ones overall well wised discretion and management.. which varies for everyone depending in many factors.. otherwise is not nearly close to those numbers..

hell yeah....

that is called experience...

took a while to get it, and still a lot of room to improve..

Udine
Sleep less, live fast, as it aint gonna last
  • #12,744
  • Jul 23, 2014 6:37am Jul 23, 2014 6:37am
Quoting Udine
{quote} hell yeah.... that is called experience... took a while to get it, and still a lot of room to improve.. Udine
sure.. just wanted to make sure people are aware of this point..

if one sits and weals away at it all day.. then is not even 50%..


experience focus it is, at least..
Passion, Persist, Patience, Protect
  • #12,745
  • Jul 23, 2014 6:41am Jul 23, 2014 6:41am
Dear All,
Time to leave the trading station and start the holidays.
Thanks to all of you (specially to the master Udine) for this threat.

See you in September.
BilboFX

Green pips to all of you!!!
  • #12,746
  • Jul 23, 2014 6:43am Jul 23, 2014 6:43am
Quoting FXEmpire
{quote} sure.. just wanted to make sure people are aware of this point.. if one sits and weals away at it all day.. then is not even 50%.. experience focus it is, at least..

trading is like every profession....

Udine
Sleep less, live fast, as it aint gonna last
  • #12,747
  • Jul 23, 2014 6:43am Jul 23, 2014 6:43am
EURUSD TL
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd tl.PNG Size: 77 KB
Donde hay Patron no manda Marinero
  • #12,748
  • Jul 23, 2014 6:51am Jul 23, 2014 6:51am
Hi all,

If the EJ hourly bar closes at letīs say 136.550, would shorting at 136.500 at NY open make sense ?

I personally donīt see anything against it looking at EU and EJ to the left on the chart.

Thx for your feedback.

flx69
  • #12,749
  • Jul 23, 2014 6:52am Jul 23, 2014 6:52am
Hey Udine, this was mentioned on the thread already some times, but isn't clear to me yet.... My bad

Can you please clarify to me if when you say you profit 1% every winning trade yuo have to subtract commissions right?

So the profit is not 1% but is 0.8..... % right?

Apologize me but I've never understood it well

Thanks my friend
  • #12,750
  • Jul 23, 2014 6:56am Jul 23, 2014 6:56am
I analyzed a little the charts, in my opinion the next valid orders will be:

EJ long @.800
EU long @.800
EC short @.400
NJ long @.100

Obviously only when rules match..

Any suggestions?

Lrt
"Every battle is won before it's fought."
  • #12,751
  • Jul 23, 2014 6:57am Jul 23, 2014 6:57am
hi, 00 level traders here. I'm back from psychoanalysis.
glad many enjoyed green pips while I was out!
that makes me very happy and full of hope.
getting ready for NYO...
My hope has been almost completely shattered, but not completely yet
  • #12,752
  • Jul 23, 2014 7:02am Jul 23, 2014 7:02am
Quoting flx69
Hi all, If the EJ hourly bar closes at letīs say 136.550, would shorting at 136.500 at NY open make sense ?....
There's been a lot of ups and downs in the past hours. Also EJ and EU not in sync, I mean EU above, EJ below DO. Also see Udine's comment about the Euro pairs being at their 10 week lows.
So it's a NO.
  • #12,753
  • Jul 23, 2014 7:03am Jul 23, 2014 7:03am
Quoting lucariga
Hey Udine, this was mentioned on the thread already some times, but isn't clear to me yet.... My bad Can you please clarify to me if when you say you profit 1% every winning trade yuo have to subtract commissions right? So the profit is not 1% but is 0.8..... % right? Apologize me but I've never understood it well Thanks my friend

for me 0.8 % is good enough..

i can live of half of one trade.. so I dont care..

Udine
Sleep less, live fast, as it aint gonna last
  • #12,754
  • Jul 23, 2014 7:05am Jul 23, 2014 7:05am
Quoting flx69
Hi all, If the EJ hourly bar closes at letīs say 136.550, would shorting at 136.500 at NY open make sense ? I personally donīt see anything against it looking at EU and EJ to the left on the chart. Thx for your feedback. flx69
Read Udine post

http://www.forexfactory.com/showthre...44#post7625244
Donde hay Patron no manda Marinero
  • #12,755
  • Jul 23, 2014 7:09am Jul 23, 2014 7:09am
I don't know how I did this ...
Attached Image
Trade Safe !
  • #12,756
  • Jul 23, 2014 7:09am Jul 23, 2014 7:09am
Quoting Udine
{quote} for me 0.8 % is good enough.. i can live of half of one trade.. so I dont care.. Udine
Hahaha.... good for you. I'm soooooooooo far but i'll be there too.
  • #12,757
  • Jul 23, 2014 7:14am Jul 23, 2014 7:14am
Quoting Goodgame42
I don't know how I did this ... {image}
Sleep less, live fast, as it aint gonna last
  • #12,758
  • Jul 23, 2014 7:19am Jul 23, 2014 7:19am
Quoting Goodgame42
I don't know how I did this ... {image}
Would publish your charts? For us to learn? Thanks.
Donde hay Patron no manda Marinero
  • #12,759
  • Jul 23, 2014 7:23am Jul 23, 2014 7:23am
EURUSD is making me suffer. I'm long in 1.3470
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Donde hay Patron no manda Marinero
  • #12,760
  • Jul 23, 2014 7:27am Jul 23, 2014 7:27am
does red news apply to all pairs...for examples if theres is red news for CAD,can you trade thee gbp/usd
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