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As simple as possible: 00 level trading

  • #14,281
  • Jul 29, 2014 9:31am Jul 29, 2014 9:31am
Bonus Trade

#6

EJ out by TS

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Masterrmind...........
Master your Mind then Master your Trades
  • #14,282
  • Jul 29, 2014 9:32am Jul 29, 2014 9:32am
Quoting overseaz
Here is an old joke. Don't be hard on me. I'm trying to translate: A man came to India to see a Guru. - Guru, please tell me how can I become a Guru like you? - That's easy! Every morning look in a mirror and ask the question: Who am I?... Who am I? - A man didn't believe him and went to see another Guru. - Please tel me how I can become a Guru like you? - Guru was busy with taking out dirt from a newly build house by himself and said: Take out all this dirt from my house and then we will see... A man was busy 3 months, ...6 months, .....12 months,...

Yes,

1) The holy grail is yourself

2) Discipline is really important

Absolutely!
Outcome is not important at all, but correct technique is what only matters
  • #14,283
  • Jul 29, 2014 9:33am Jul 29, 2014 9:33am
Quoting Udine
{quote} my mother in law wants to know if he thin tall guy with the long hair is still there.. she liked the eye masssage ....... A LOT . Udine
Udine,

I am afraid I ha e Bad news for your mother in law, he's no longer working here and they have not found a worthy replacement...

Meanwhile, GT to TP. ;-)

flx69
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  • #14,284
  • Jul 29, 2014 9:33am Jul 29, 2014 9:33am
On that note I might call it a day !

Good Luck All !

Masterrmind.........
Master your Mind then Master your Trades
  • #14,285
  • Jul 29, 2014 9:36am Jul 29, 2014 9:36am
Quoting Masterrmind
On that note I might call it a day ! Good Luck All ! Masterrmind.........
Smart with pips in the bank and have a good day as well

Cigarguy
Keep It Simple
  • #14,286
  • Jul 29, 2014 9:38am Jul 29, 2014 9:38am
Quoting flx69
{quote} Udine, I am afraid I ha e Bad news for your mother in law, he's no longer working here and they have not found a worthy replacement... Meanwhile, GT to TP. ;-) flx69 {image}

Damn you are there !!!

now I am jealous

Udine
Sleep less, live fast, as it aint gonna last
  • #14,287
  • Jul 29, 2014 9:39am Jul 29, 2014 9:39am
2 trades today = +10pips
See you guys tomorrow
Stay green.
Alec
Look for reasons not to take a trade.
  • #14,288
  • Jul 29, 2014 9:42am Jul 29, 2014 9:42am
Quoting overseaz
2 trades today = +10pips See you guys tomorrow Stay green. Alec
ciao
Donde hay Patron no manda Marinero
  • #14,289
  • Jul 29, 2014 9:43am Jul 29, 2014 9:43am
Quoting Masterrmind
On that note I might call it a day ! Good Luck All ! Masterrmind.........

same here..

done for the day..

7 trades:
2 TS + 5 wins

Udine
Sleep less, live fast, as it aint gonna last
  • #14,290
  • Jul 29, 2014 9:45am Jul 29, 2014 9:45am
Quoting Udine
{quote} same here.. done for the day.. 7 trades: 2 TS + 5 wins Udine
Good trading and have a great day

Cigarguy
Keep It Simple
  • #14,291
  • Jul 29, 2014 9:52am Jul 29, 2014 9:52am
1SL due to the EU long open yesterday.

It took me another 7 trade to make 10pips
2 TS
5 TP

This is the toughest part of this system.
Never loss a trade, otherwise it's really pain to get it back...


done for the day. Many greens!

Kevin
  • #14,292
  • Jul 29, 2014 9:56am Jul 29, 2014 9:56am
Quoting cigarguy
{quote} Good trading and have a great day Cigarguy

thx
Sleep less, live fast, as it aint gonna last
  • #14,293
  • Jul 29, 2014 10:04am Jul 29, 2014 10:04am
Love GBPJPY

Ciao. Hasta maņana.
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Donde hay Patron no manda Marinero
  • #14,294
  • Jul 29, 2014 10:07am Jul 29, 2014 10:07am
Quoting Patron
Love GBPJPY Ciao. Hasta maņana. {image}

GBPJPY will be waiting for you tomorrow to give up some green pips

Cigarguy
Keep It Simple
  • #14,295
  • Jul 29, 2014 10:09am Jul 29, 2014 10:09am
Hi all, is there anyone who can share the max drawdown registered with this strategy?

Thank you!
  • #14,296
  • Jul 29, 2014 10:14am Jul 29, 2014 10:14am
Quoting Alberto_Jazz
Hi all, is there anyone who can share the max drawdown registered with this strategy? Thank you!

Yesterday a guy is crazy, i guess it is due to big drawdown.

So it would be needed following what Udine's suggestion:

- Double your demo account twice before go alive
- or use a small live account
Outcome is not important at all, but correct technique is what only matters
  • #14,297
  • Jul 29, 2014 10:18am Jul 29, 2014 10:18am
Quoting Udine
{quote} both the EJ and GJ were above the DO.. is good enough for me to go for green pips EJ: - 1st trade was LO (TS) - 2nd trade was after rejecting DO and back up (TP) GJ: - 1st trade rejected the DO & RN so long entry (TP) - 2nd trade drove fast through the RN & DO & GU also below DO, so good short (TP) - 3rd trade rejected DO , so good enough for me (TP) - 4th trade pending set @ NY open but opened hour after (TP) GU: - trade break out of early hour level (pre FF open) (TP) hope that answers your question Udine
Appreciate sir.
Have a nice evening
  • #14,298
  • Jul 29, 2014 10:22am Jul 29, 2014 10:22am
Quoting Udine
{quote} same here.. done for the day.. 7 trades: 2 TS + 5 wins Udine
Chapeau !

Well impressive.

flx69
  • #14,299
  • Jul 29, 2014 10:24am Jul 29, 2014 10:24am
Quoting Alberto_Jazz
Hi all, is there anyone who can share the max drawdown registered with this strategy? Thank you!
Settings:
SL 10 pips (2 %)
TP 5 pips (1%)
TS 3.5 pips

winning % per month: 76 - 83 %
account growth
worst week : +8 %
best week : +22 %

Udine
Sleep less, live fast, as it aint gonna last
  • #14,300
  • Jul 29, 2014 10:37am Jul 29, 2014 10:37am
Quoting Udine
{quote} Settings: SL 10 pips (2 %) TP 5 pips (1%) TS 3.5 pips winning % per month: 76 - 83 % account growth worst week : +8 % best week : +22 % Udine
Unbelievably good! (but I believe you)
My hope has been almost completely shattered, but not completely yet
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