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As simple as possible: 00 level trading

  • #15,741
  • Aug 11, 2014 3:21am Aug 11, 2014 3:21am
Quoting JibalaPasan
{quote} Stick to the mentioned pairs EJ, EU, GJ, GU. Other pairs trade after you master with this 4. Jibala
Thank you all for replying, but today is the first day i am trying to trade other pairs than the ones Udine reccomends and this is because i wasn't able to make profits with them either. I know that this strategy works very well for some of you guys and i must say congrats and i am really jealous, but it seems like I am not able to make profits with it, it really feels like whenever i enter a trade the market moves against me. It's really funny that if i just entered the opposite direction i would be very profitable and my equity chart would be pointing up instead of being a perfect downtrend.

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I want to thank you all for contributing to this thread and particularly Udine for sharing this promising strategy, and although i couldn't make it work for me i wish you all green pips and longterm success. I have to move on now and find a strategy that suits me before i hurt my account any further, as it's my only "income" at the moment since i lost my job because of the crisis having a family to support.

Good luck to all of you!!

Tony
  • #15,742
  • Aug 11, 2014 3:24am Aug 11, 2014 3:24am
Quoting ejiexe
{quote} Why did you close EU manually? Scare of stop loss?
I noticed the sync with EJ dissolved, thats why. In hindsight it was a winning trade but as we say in Holland, "in hinsight you're looking a cow up his *ss".

Another EJ out @BE
Persistence will get it. Consistency will keep it.
  • #15,743
  • Aug 11, 2014 3:25am Aug 11, 2014 3:25am
Quoting tonyTD
{quote} Thank you all for replying, but today is the first day i am trying to trade other pairs than the ones Udine reccomends and this is because i wasn't able to make profits with them either. I know that this strategy works very well for some of you guys and i must say congrats and i am really jealous, but it seems like I am not able to make profits with it, it really feels like whenever i enter a trade the market moves against me. It's really funny that if i just entered the opposite direction i would be very profitable and my equity...
Have you ever looked at supply/demand if so use these to together results will be much different. Good luck and wish you and your family well.
  • #15,744
  • Aug 11, 2014 3:30am Aug 11, 2014 3:30am
Quoting turboguru
{quote} Have you ever looked at supply/demand if so use these to together results will be much different. Good luck and wish you and your family well.
Sorry to ask.Where i can study the supply/demand of the market ? Really want to understand these market better.

Thanks in advance
  • #15,745
  • Aug 11, 2014 3:36am Aug 11, 2014 3:36am
Quoting tonyTD
{quote} Thank you all for replying, but today is the first day i am trying to trade other pairs than the ones Udine reccomends and this is because i wasn't able to make profits with them either. I know that this strategy works very well for some of you guys and i must say congrats and i am really jealous, but it seems like I am not able to make profits with it, it really feels like whenever i enter a trade the market moves against me. It's really funny that if i just entered the opposite direction i would be very profitable and my equity...
Good luck in your trading endevours tonyTD.

Most of us long term traders have experienced what you are experiencing now so to a certain extent I know what you are feeling.

I'm happy to see that you gave it your best shot but in the end it is true that you need to find out which strategy best matches your trading personality.

I wish you the best in your trading journey.

Masterrmind............
Master your Mind then Master your Trades
  • #15,746
  • Aug 11, 2014 3:41am Aug 11, 2014 3:41am
Quoting Tinytrader
{quote} Sorry to ask.Where i can study the supply/demand of the market ? Really want to understand these market better. Thanks in advance
Try readthemarket.com acegazette,com and youtube Sam Siden
  • #15,747
  • Aug 11, 2014 3:44am Aug 11, 2014 3:44am
GJ TSed +0.3 pips
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My hope has been almost completely shattered, but not completely yet
  • #15,748
  • Aug 11, 2014 3:53am Aug 11, 2014 3:53am
Quoting Masterrmind
Trade #2 GBPCHF +5 TP {image} Comment: Done for the day! Masterrmind...........
Hi,

Please can you give me this PsyLevels Dashboard?

Thanks
  • #15,749
  • Aug 11, 2014 3:55am Aug 11, 2014 3:55am
Quoting tonyTD
{quote} I know that this strategy works very well for some of you guys and i must say congrats and i am really jealous, but it seems like I am not able to make profits with it ...Good luck to all of you!! Tony
I admire you for not blaming the method. You are responsible.
If you had more time, I would recommend keeping demoing.
As MM said, I experienced "whenever i enter a trade the market moves against me" thing too. That was a very strange experience. As if the market was watching me closely.

I think Udine's advice in Post #10440 is good. Very good.

I hope you a pleasant journey of forex trading. I hope you will go across the threshold. Good luck and green pips to you too.
My hope has been almost completely shattered, but not completely yet
  • #15,750
  • Aug 11, 2014 4:00am Aug 11, 2014 4:00am
Quoting tonyTD
{quote} Thank you all for replying, but today is the first day i am trying to trade other pairs than the ones Udine reccomends and this is because i wasn't able to make profits with them either. I know that this strategy works very well for some of you guys and i must say congrats and i am really jealous, but it seems like I am not able to make profits with it, it really feels like whenever i enter a trade the market moves against me. It's really funny that if i just entered the opposite direction i would be very profitable and my equity...

Hi, looks like you don't like demoing the strategy. Did you doubled your demo account before starting with real money? That's the first step. You jumped over the first step.
  • #15,751
  • Aug 11, 2014 4:00am Aug 11, 2014 4:00am
Quoting tonyTD
{quote} Thank you all for replying, but today is the first day i am trying to trade other pairs than the ones Udine reccomends and this is because i wasn't able to make profits with them either. I know that this strategy works very well for some of you guys and i must say congrats and i am really jealous, but it seems like I am not able to make profits with it, it really feels like whenever i enter a trade the market moves against me. It's really funny that if i just entered the opposite direction i would be very profitable and my equity...
I'm sorry that this system didn't work for you. However, it was said many times already, its not meant for everybody.

Wish you best of luck and many green pips for the future!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,752
  • Aug 11, 2014 4:06am Aug 11, 2014 4:06am
Trade #2 & #3 EJ TP.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,753
  • Aug 11, 2014 4:10am Aug 11, 2014 4:10am
Quoting tonyTD
{quote} Thank you all for replying, but today is the first day i am trying to trade other pairs than the ones Udine reccomends and this is because i wasn't able to make profits with them either. I know that this strategy works very well for some of you guys and i must say congrats and i am really jealous, but it seems like I am not able to make profits with it, it really feels like whenever i enter a trade the market moves against me. It's really funny that if i just entered the opposite direction i would be very profitable and my equity...
Hi Tony,

So sad to see you are giving up with this strategy. There are few things I feel like to share with you and anyone who is following this thread for long.

1. I read through every single post in this thread, it was taking all of my free time for the past one month. My trading end result is still losing every week. However, I'm learning more and more from how the other professionals are thinking on every trade with the same strategy and learning from my every failure. I realised I am improving both my trading mind and my success trading rate.

2. From the first post we were told we have to double the demo account twice before we trading live. Did you do that? I didn't follow as well. Because I can't get any real feeling from demo account. However, I start this strategy with a very small account. It does help. It is no matter what strategy you used. This is the way you learn. Never trade real/big until you really able to master a strategy. Otherwise it's just like dumping the money into the ocean. Also, we were told if you can earn 2% even 1% everyday. You account will grow really big. So why risk much?

3. I am a programmer, so that I have a chance to write programs to back testing any strategies. If you find my post last week, you will see I have post the back testing result of this strategy. The result is if you following this strategy strictly, picking up every trade that match the rules, you lose money.(The detail result with success rate is in my post last week,if you want to have a look.)
So, why there are so many pros are still using it and achieve a supreme outcome? The answer is this strategy is just the base. You have to combine with whatever you think its good to pick the right trade only.
Read every post, you will notice people is keep talking about the same thing.

Money is never easy to earn. Big money always comes slow.

I wish you all the best for your trading. Let's improve together.

Kevin

P.S. after losing for 4 weeks consequently, today is my best day with combining a new strategy.
4 TP, 0 SL I may just lucky today. But I rather believe I improved. I believe, one day, I can quit my job and live with this.
Trading is always in my blood. I am loving it!
Green pips!
  • #15,754
  • Aug 11, 2014 4:19am Aug 11, 2014 4:19am
Quoting kevinickel
{quote} Hi Tony, So sad to see you are giving up with this strategy. There are few things I feel like to share with you and anyone who is following this thread for long. 1. I read through every single post in this thread, it was taking all of my free time for the past one month. My trading end result is still losing every week. However, I'm learning more and more from how the other professionals are thinking on every trade with the same strategy and learning from my every failure. I realised I am improving both my trading mind and my success trading...
Well said kevinickle.
I myself just started using this system a few weeks ago, and I still have a long way to go. But your post is encouraging.
BB
  • #15,755
  • Aug 11, 2014 4:21am Aug 11, 2014 4:21am
Hi Kevin !

Could you say more concrete what additional "things" you use to improve your results ? Is it the strengh meter or any other instrument you could recommend ?
  • #15,756
  • Aug 11, 2014 4:24am Aug 11, 2014 4:24am
Quoting kevinickel
{quote} I rather believe I improved. I believe, one day, I can quit my job and live with this. Trading is always in my blood. I am loving it! Green pips!
I believe in your improvement too. Let's keep improving together!
My hope has been almost completely shattered, but not completely yet
  • #15,757
  • Aug 11, 2014 4:29am Aug 11, 2014 4:29am
Quoting miho
{quote} Hi, Please can you give me this PsyLevels Dashboard? Thanks
You can find it by clicking on the paper clip at the top of this thread.

But go to page 774 and post # 15472 and you will be able to download it.

Masterrmind..........
Master your Mind then Master your Trades
  • #15,758
  • Aug 11, 2014 4:39am Aug 11, 2014 4:39am
Quoting Masterrmind
{quote} You can find it by clicking on the paper clip at the top of this thread. But go to page 774 and post # 15472 and you will be able to download it. Masterrmind..........

Thanks my friend.
  • #15,759
  • Aug 11, 2014 4:42am Aug 11, 2014 4:42am
GC long @.200 to SL.
-10pips

At the moment GBP was the stronger and CHF the weaker, it was uptrending and there were no resistances..

Bad luck? Any suggestions?

Lrt
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"Every battle is won before it's fought."
  • #15,760
  • Aug 11, 2014 4:49am Aug 11, 2014 4:49am
Quoting Lrt.Ita
GC long @.200 to SL. -10pips At the moment GBP was the stronger and CHF the weaker, it was uptrending and there were no resistances.. Bad luck? Any suggestions? Lrt {image}
What I could see both almost the same strength, GBP 4,8 / CHF 4,3. Additional GBP not sync!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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