As simple as possible: 00 level trading | Page 716 | Forex Factory

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As simple as possible: 00 level trading

  • #14,301
  • Jul 29, 2014 10:40am Jul 29, 2014 10:40am
Done for today, I close in little loss of -4.5 pips.
1 SL
1 TP
1 TS

Not happy at all with my results in the last 3 weeks, going like this i will end the month at BE (+3.5% by now).
I hope that todays little trends are a signal for the beginning of a higher volatility period.

Lrt
"Every battle is won before it's fought."
  • #14,302
  • Jul 29, 2014 10:45am Jul 29, 2014 10:45am
Udine, sorry if I post again my question, but I'm trying to understand as well as possible this good strategy.
Hi Udine. I'm new in ff and I started my experience here reading your awesome thread. Nothing to say....you're great! Excellent strategy. I like it. Only one question: why you consider two different opening hour for Frankfurt and London? They open at 8.00 (London time) and 9.00 (Ff time). That is, the same hour. Effectively, all european stock exchange open at 8.00 Gmt (http://market24hclock.com) . I'm wrong? p.s. Udine .....mmmm....do you live there? In Italy?

Thank you.
  • #14,303
  • Jul 29, 2014 10:53am Jul 29, 2014 10:53am
it is unbelievable how we can look at the same charts, follow the same rules but still the outcome is different, some of us are profitable and some are not.
  • #14,304
  • Jul 29, 2014 10:57am Jul 29, 2014 10:57am
Quoting NewToForex14
it is unbelievable how we can look at the same charts, follow the same rules but still the outcome is different, some of us are profitable and some are not.
Different Broker, different amount of spread and commision
  • #14,305
  • Jul 29, 2014 10:59am Jul 29, 2014 10:59am
Quoting NewToForex14
it is unbelievable how we can look at the same charts, follow the same rules but still the outcome is different, some of us are profitable and some are not.
As said already several times here by many respectable traders, if the wollowing of the rules was enough to be profitable (with any strategy..) we should have just used an ExpertAdvisor and then waited to get rich.

Lrt
"Every battle is won before it's fought."
  • #14,306
  • Jul 29, 2014 11:07am Jul 29, 2014 11:07am
ok guys I am out of here

speak tomorrow

Stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #14,307
  • Jul 29, 2014 11:07am Jul 29, 2014 11:07am
Waaaahhhh, I am shocked! My trading tool shows RED NEWS for all US pairs for the whole day!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,308
  • Jul 29, 2014 11:14am Jul 29, 2014 11:14am
Quoting Lrt.Ita
{quote} As said already several times here by many respectable traders, if the wollowing of the rules was enough to be profitable (with any strategy..) we should have just used an ExpertAdvisor and then waited to get rich. Lrt
lrt... check pm please...
  • #14,309
  • Jul 29, 2014 11:16am Jul 29, 2014 11:16am
Quoting JibalaPasan
Waaaahhhh, I am shocked! My trading tool shows RED NEWS for all US pairs for the whole day! Jibala

EUR red all day because of German Prelim CPI m/m..
Tomorrow we should really stay out .

Lrt
Attached Image (click to enlarge)
Click to Enlarge Name: News Impact 30 07.jpg Size: 78 KB
"Every battle is won before it's fought."
  • #14,310
  • Jul 29, 2014 11:29am Jul 29, 2014 11:29am
Quoting Lrt.Ita
{quote} EUR red all day because of German Prelim CPI m/m.. Tomorrow we should really stay out . Lrt {image}
all day of german prelim means it can come out any time ?
  • #14,311
  • Jul 29, 2014 11:37am Jul 29, 2014 11:37am
Quoting NewToForex14
{quote} all day of german prelim means it can come out any time ?
"Listed as an 'All Day' event because the figure is comprised of data from 6 German states which report their CPI data throughout the day."

Lrt
"Every battle is won before it's fought."
  • #14,312
  • Jul 29, 2014 11:55am Jul 29, 2014 11:55am
Quoting xlcharly
.... Only one question: why you consider two different opening hour for Frankfurt and London? They open at 8.00 (London time) and 9.00 (Ff time). That is, the same hour. Effectively, all european stock exchange open at 8.00 Gmt (http://market24hclock.com) . I'm wrong? ....
That clock is wrong. Frankfurt opens @ 7am GMT It's also showing Sydney & Tokyo markets as starting at the same time, which is also incorrect, as Tokyo opens 1 hr after Sydney.
  • #14,313
  • Jul 29, 2014 11:56am Jul 29, 2014 11:56am
Quoting NewToForex14
it is unbelievable how we can look at the same charts, follow the same rules but still the outcome is different, some of us are profitable and some are not.
Rules are not the same, if you strictly follow written rules of this system (or any other as far as i see) you will lose. There are a lot of other unwritten rules or exceptions to rules, which are behind the scenes.
  • #14,314
  • Jul 29, 2014 12:33pm Jul 29, 2014 12:33pm
Quoting messiahua
{quote} Rules are not the same, if you strictly follow written rules of this system (or any other as far as i see) you will lose. There are a lot of other unwritten rules or exceptions to rules, which are behind the scenes.
Hi,this apply s to all ..I have followed this tread from the start..We were all supposed to follow the rules as outlined in page 1....if we didnt people here would point that out very quickly...however over the past week when trades have not worked out it was pointed out by Udine and a few others that there was extra criteria to picking and selecting trades,and what annoys me is why these extra criteria s were not made clear at the start...Rookies were made to believe at the start that the rules needed to be followed and if so you would have a very high probability of making money
Udine i would like to state i am not having a go at you or anyone else therefore don't take this up the wrong way...
I am simply stating that if there are additional rules or criteria to selecting trades could you please post them...

thanks a million
  • #14,315
  • Jul 29, 2014 12:37pm Jul 29, 2014 12:37pm
GJ TSed out +0.5 pips
today -4.5pips
Attached Image
My hope has been almost completely shattered, but not completely yet
  • #14,316
  • Jul 29, 2014 1:26pm Jul 29, 2014 1:26pm
GJ TSed again +0.2pips
today -4.3pips
Attached Image
My hope has been almost completely shattered, but not completely yet
  • #14,317
  • Jul 29, 2014 1:30pm Jul 29, 2014 1:30pm
I am new to this thread, can someone please send me a template which is proper as images shown by Udine.. i have loaded indicators but my graph is not showing all information, please post a working template ere... thank you.
  • #14,318
  • Jul 29, 2014 3:32pm Jul 29, 2014 3:32pm
Quoting turboguru
{quote} worse than paint drying
dear mr/mrs turboguru..

thanks for your EA...but, can you give me some advice to me...yesterday i put your ea in my mt4 version 4.00 build 670, it can not run (or it just in my mt4)

can you help me mr/mrs turboguru?..

thanks
  • #14,319
  • Jul 29, 2014 5:11pm Jul 29, 2014 5:11pm
Quoting Udine
{quote} if its too close to the DO, then you DONT TAKE THE 2nd LEVEL !!! simple Udine
Udine do you have a specific amount of pips to decide if a level is too close to the DO?
  • #14,320
  • Jul 29, 2014 5:18pm Jul 29, 2014 5:18pm
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

You are the hero.

This is my dream goal.
Outcome is not important at all, but correct technique is what only matters
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