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As simple as possible: 00 level trading

  • #17,261
  • Sep 2, 2014 6:40am Sep 2, 2014 6:40am
later guys, have to run some errands

cheers and stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #17,262
  • Sep 2, 2014 6:43am Sep 2, 2014 6:43am
Time for rest not a lot worth trading from what I can see but things can change fast in this business so who knows!

Took a couple of over extended trades (ie 2 by EJ trades to TP but not by the rules so no need to post)

Good luck to all and I hope you find a few profitable trades.

Masterrmind...........
Master your Mind then Master your Trades
  • #17,263
  • Sep 2, 2014 6:47am Sep 2, 2014 6:47am
See you later Folks!
  • #17,264
  • Sep 2, 2014 7:01am Sep 2, 2014 7:01am
Quoting Carpathian
{quote} Thank you Be careful! I am only demoing this for 2 months now and though I am net 39 pips positive the account value is negative which means even commissions were not earned. 39 pips / 118 trades that is +0.33 pips per trade...
very honest! respect!
  • #17,265
  • Sep 2, 2014 8:04am Sep 2, 2014 8:04am
Buenas tardes familia,

EJ and GJ spike today came as a Godsend for me.
Couldnīt trade today due to other obligations

Hope everybody has been able to make some green pips anyway !

flx69
  • #17,266
  • Sep 2, 2014 8:06am Sep 2, 2014 8:06am
Quoting Lrt.Ita
Goodmorning! Looks like ADRs are decreasing instead of growing with the beginning of september. I think I'll wait again. Boring but at least I've got the time to study a lot of interesting stuff. Have a nice day and Green Pips to everyone . Lrt
@Lrt.Ita

Doesnīt look like decreasing to me... Keep up the good spirit, thereīs another day tomorrow !!!

flx69
Attached Image
  • #17,267
  • Sep 2, 2014 8:09am Sep 2, 2014 8:09am
Quoting Udine
EU to TP coming in sync with EJ Udine {image}
Nice to see the Master back @ work and pulling it off again !

Hope you feel better, all the best.

flx69
  • #17,268
  • Sep 2, 2014 8:11am Sep 2, 2014 8:11am
Quoting Patron
{quote} (I'll take feed my ego) Today, more than 160 pips. http://www.forexfactory.com/showthre...52#post7709852
Well impressive: 160 pips in 1 day. Bravo Patron !

flx69
  • #17,269
  • Sep 2, 2014 11:09am Sep 2, 2014 11:09am
Yay guys.
Hope ADRs and ATRs will stay like this !

flx69
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  • #17,270
  • Sep 2, 2014 12:03pm Sep 2, 2014 12:03pm
Quoting modeco
{quote} Trade #4 SL -10.1 pips {image}
10 burpees today for trading low ADR pair!!!!
  • #17,271
  • Sep 2, 2014 12:30pm Sep 2, 2014 12:30pm
Quoting Carpathian
{quote} Thank you Be careful! I am only demoing this for 2 months now and though I am net 39 pips positive the account value is negative which means even commissions were not earned. 39 pips / 118 trades that is +0.33 pips per trade...
LOL, was that just the other day that I dared to write that with a few SL and TS, and with some unlucky slippage, the commissions/spread makes quite tough to win by the end of the day.That is, unless of course one can manage about 80% wins...All said, today was profitable for me, 2TP and 1 BE trade...still in the red on the demo though.
there is always, always another trade!!
  • #17,272
  • Sep 2, 2014 2:02pm Sep 2, 2014 2:02pm
Hi Udine. I've read the whole threat and i have only two questions. 1) The percentage is still 76%? and 2) The Wheelbarrel is following the trade if for example we have a strong direction in our favor to give us more pips?
  • #17,273
  • Sep 2, 2014 2:03pm Sep 2, 2014 2:03pm
Forgot to say Many Thanks for being so kind with us!!!!!!Udine
  • #17,274
  • Sep 2, 2014 2:55pm Sep 2, 2014 2:55pm
Quoting Loucasx
Hi Udine. I've read the whole threat and i have only two questions. 1) The percentage is still 76%? and 2) The Wheelbarrel is following the trade if for example we have a strong direction in our favor to give us more pips?
@Loucasx

I cannot answer your question #1, but the answer to question #2 is in post number 14.742.

Happy pippinī

flx69
  • #17,275
  • Sep 2, 2014 2:56pm Sep 2, 2014 2:56pm
Morning All,

Once the ADR's start getting up to more respectable levels I'll start looking at the Asian session again but until then it's around the FF Open that I start looking for trades.

See you all a few hours before FF Open and good luck to those trading the Asian.

Masterrmind.............
Master your Mind then Master your Trades
  • #17,276
  • Edited 11:31pm Sep 2, 2014 3:14pm | Edited 11:31pm
Quoting profitfarmer
{quote} LOL, was that just the other day that I dared to write that with a few SL and TS, and with some unlucky slippage, the commissions/spread makes quite tough to win by the end of the day.That is, unless of course one can manage about 80% wins...All said, today was profitable for me, 2TP and 1 BE trade...still in the red on the demo though.
I very quick calculation shows that with a TP = 5 pips and a SL = 10 pips that if you have just 1 loss in 10 trades your % drops from 100 down to 70.

Here are a few quick examples based on 10 trades:

1. 10/10 trades = 50 pips =100% [no loss trade]
2. 9/10 trades = 35 pips = 70% [only 1 losing trade]
3. 8/10 trades = 20 pips = 40% [only 2 losing trades]
4. 7/10 trades = 5 pips = 10% [only 3 losing trades]
5. 6/10 trades = -10 pips = -20% [only 4 losing trades]

This does not consider spread, commission or other related "cost of doing business" expenses.

It is clear that to be successful trading this method you must be > = 70% otherwise you will be going backwards.

Hope that helps..........

Masterrmind...........
Master your Mind then Master your Trades
  • #17,277
  • Sep 2, 2014 3:27pm Sep 2, 2014 3:27pm
Quoting Masterrmind
{quote} I very quick calculation shows that with a TP = 5 pips and a SL = 10 pips that if you have just 1 loss in 10 trades your % drops from 100 down to 80. Here are a few quick examples based on 10 trades: 1. 10/10 trades = 50 pips =100% [no loss trade] 2. 9/10 trades = 40 pips = 80% [only 1 losing trade] 3. 8/10 trades = 30 pips = 60% [only 2 losing trades] 4. 7/10 trades = 20 pips = 40% [only 3 losing trades] 5. 6/10 trades = 10 pips = 20% [only 4 losing trades] This does not consider spread, commission or other related "cost of doing business"...
Different wording, same conclusions
there is always, always another trade!!
  • #17,278
  • Sep 2, 2014 6:16pm Sep 2, 2014 6:16pm
Quoting Masterrmind
{quote} I very quick calculation shows that with a TP = 5 pips and a SL = 10 pips that if you have just 1 loss in 10 trades your % drops from 100 down to 80. Here are a few quick examples based on 10 trades: 1. 10/10 trades = 50 pips =100% [no loss trade] 2. 9/10 trades = 40 pips = 80% [only 1 losing trade] 3. 8/10 trades = 30 pips = 60% [only 2 losing trades] 4. 7/10 trades = 20 pips = 40% [only 3 losing trades] 5. 6/10 trades = 10 pips = 20% [only 4 losing trades] This does not consider spread, commission or other related "cost of doing business"...
Shouldn't it be this excluding commission etc?
1. 10/10 trades = 50 pips =100% [no loss trade]
2. 9/10 trades = 35 pips = 70% [only 1 losing trade]
3. 8/10 trades = 20 pips = 40% [only 2 losing trades]
4. 7/10 trades = 5 pips = 10% [only 3 losing trades]
5. 6/10 trades = -10 pips = -20% [only 4 losing trades]

To win, we can't afford to lose any trade ... as it eats up the profit fast especially with commission..
Trade what you see. Not what you think.
  • #17,279
  • Sep 2, 2014 7:45pm Sep 2, 2014 7:45pm
hi mastermind:
udine's method is so profitable why don't we create an EA? If you are interested in EA I can help you.
cheers!
  • #17,280
  • Sep 2, 2014 10:52pm Sep 2, 2014 10:52pm
Quoting Loucasx
Hi Udine. I've read the whole threat and i have only two questions. 1) The percentage is still 76%? and 2) The Wheelbarrel is following the trade if for example we have a strong direction in our favor to give us more pips?

Hi Loucasx

1. percentage since the start has been between 76 - 83 % consistently
2. the wheelbarrel can follow to give more pips if you remove the TP level in the WUKAR EA, or simply increase the TP from 5 pips to whatever level you want

Cheers

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