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As simple as possible: 00 level trading

  • #13,741
  • Jul 28, 2014 2:38am Jul 28, 2014 2:38am
Lol should have waited a little more, I put a SL manually at BE as it reached last hour high and started retracing, +30 instead of +35.
Glad for you all, nice TP!


I'm still neutral for the day.

Lrt
"Every battle is won before it's fought."
  • #13,742
  • Jul 28, 2014 2:40am Jul 28, 2014 2:40am
Quoting easygoing
{quote} nope. I think I'm kinda guy who learns from pains; don't worry eventually I will win... but at the beginning of this month, I may have been too brave. I thought I would earn enough by the end of this month to go to Italy and say thanks to Udine with my girlfriend, but it was not that easy, you know...
ok i understand...well i am still in testing period of system, despite my experience i trade a $100 account only with microlots


---------------
GJ to TP
  • #13,743
  • Jul 28, 2014 2:44am Jul 28, 2014 2:44am
Quoting Udine
First one for the day in the pocket.. GJ to TP Udine {image}
My dear Udine, In this trade you have broken your 12 th rule.
Please clarify this ...
  • #13,744
  • Jul 28, 2014 2:44am Jul 28, 2014 2:44am
Good Morning Everyone!

Last week stats.

Pips gain: +28; pips loss: -24; Net pips: +4
Net account: negative, due to commissions.

Trades total: 13
Win: 4 [30%]
Partial win: 2 [15%] (2p < profit < 5p)
BE: 5 [40%] (correct entry to manual SL: 2; correct entry to TS: 3)
Loss: 2 [15%] (correct entry to SL: 2)

All entries by the rules -- an improvement compared to previous week.
Ratio of BE grew -- many not carefully chosen setups and fear of bigger losses.
4 out of the 7 manually closed positions would have made a +5 winner -- not enough confidence in the system and the setups I chose.
Ratio of full losses decreased -- guess taking trades only by the rules contributed to that.

Objectives:
(1) Keep taking only rule-compliant trades.
(2) Improve setup selection. "Do you see ANY reason not enter?"

Áron
  • #13,745
  • Jul 28, 2014 2:45am Jul 28, 2014 2:45am
GJ +5
Attached Image (click to enlarge)
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  • #13,746
  • Jul 28, 2014 2:45am Jul 28, 2014 2:45am
GJ LONG @173.000 to +5 TP.
  • #13,747
  • Jul 28, 2014 2:45am Jul 28, 2014 2:45am
Hi, everyone!
GJ TP +4.4
I don't know why, but made only 4.4 pips with WUKAR_WB_Trail_v1_3_2e.
Attached Image
  • #13,748
  • Jul 28, 2014 2:46am Jul 28, 2014 2:46am
Quoting easygoing
{quote} nope. I think I'm kinda guy who learns from pains; don't worry eventually I will win... but at the beginning of this month, I may have been too brave. I thought I would earn enough by the end of this month to go to Italy and say thanks to Udine with my girlfriend, but it was not that easy, you know...

dont think like that...

think in great execution.. taking the high probability trades only and PDF & BCC

the rest will come..

grow rich slowly and dont go broker spectacularly fast !!

Udine
Sleep less, live fast, as it aint gonna last
  • #13,749
  • Jul 28, 2014 2:47am Jul 28, 2014 2:47am
Entries from earlier hr..
EJ > TP
GJ > TP
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  • #13,750
  • Jul 28, 2014 2:47am Jul 28, 2014 2:47am
Hello all,

This is my first post for this system for which I have to thank Udine . I read a lot of posts and of course also all the rules mentioned by Udine in the first post.
However, there is one rule which is not clear to me: entry only the first 00 level
Could someone clarify this for me please.
Thanks.

Rudi
  • #13,751
  • Jul 28, 2014 2:48am Jul 28, 2014 2:48am
Quoting oneki
{quote} My dear Udine, In this trade you have broken your 12 th rule. Please clarify this ...

nope the Rule 12 is a repetition of rule 5 & 6

I do trad the Big Round Numbers, but dont trade towards it..

Udine
Sleep less, live fast, as it aint gonna last
  • #13,752
  • Jul 28, 2014 2:49am Jul 28, 2014 2:49am
Quoting sada69
Hi, everyone! GJ TP +4.4 I don't know why, but made only 4.4 pips with WUKAR_WB_Trail_v1_3_2e. {image}
Slippage at entry
  • #13,753
  • Jul 28, 2014 2:50am Jul 28, 2014 2:50am
PM's have been replied

Udine
Sleep less, live fast, as it aint gonna last
  • #13,754
  • Jul 28, 2014 2:55am Jul 28, 2014 2:55am
Hello everybody! Trade #1 GJ like most of you.

Attached Image (click to enlarge)
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Gud luck to all.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #13,755
  • Jul 28, 2014 2:56am Jul 28, 2014 2:56am
Quoting Udine
First one for the day in the pocket.. GJ to TP Udine {image}
Glad everyone made profit on this one, from the lessons learnt last week I couldn't class this as high enough probability, looking left theres too many wicks rejecting this area of the chart... I left it alone but am happy to have not taken the risk.
  • #13,756
  • Jul 28, 2014 2:59am Jul 28, 2014 2:59am
Quoting yag
{quote} ok i understand...well i am still in testing period of system, despite my experience i trade a $100 account only with microlots
You are absolutely right. I recommend your way to almost everybody. I just got some mental troubles that's why I go to psychoanalysis. I have to find a way that works for me; that's all. demo or micro lot doesn't give me stimulus strong enough to change me and my trading style changes I feel it, so I accept paying the market to learn (but most of the time I earn). I think I understand its risk. I'm happy you understand.
My hope has been almost completely shattered, but not completely yet
  • #13,757
  • Jul 28, 2014 3:00am Jul 28, 2014 3:00am
Quoting yammee
However, there is one rule which is not clear to me: entry only the first 00 level Could someone clarify this for me please. Thanks. Rudi
Within any given hour, e.g. 9:00 to 10:00, only trade the first break of a 00 level.

EXAMPLE
If a currency broke upwards through 136.800 between 9:00 to 10:00, but later also broke upwards through 136.900 in the same hour:

  1. only 136.800 is traded (the first break of a 00 level within this hour)
  2. 136.900 is not traded anymore that hour (because it is the second break of a 00 level within this hour).

Also note that only one trade is allowed to occur per hour per currency pair.

  • #13,758
  • Jul 28, 2014 3:01am Jul 28, 2014 3:01am
gj i dont trade
1 its psy level .000
2 day resitance
3 it was do last hour
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  • #13,759
  • Jul 28, 2014 3:02am Jul 28, 2014 3:02am
Not the good start for me.. GJ to SL
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  • #13,760
  • Jul 28, 2014 3:05am Jul 28, 2014 3:05am
Quoting ravitelang
Not the good start for me.. GJ to SL {image}

wrong entry...

you entered at the 50 level

the entry was the 000 level and the 50 level would have been your TP

Udine
Sleep less, live fast, as it aint gonna last
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