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As simple as possible: 00 level trading

  • #19,001
  • Oct 1, 2014 11:15am Oct 1, 2014 11:15am
AJ TP Short 95.50

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  • #19,002
  • Oct 1, 2014 1:52pm Oct 1, 2014 1:52pm
Dear All,

I've been and will be away for some time these days. I am experimenting with something programmed where I try to let the market decide where it wants to go while keeping my position on the right side. I may call in once in a while to see how you're doing but for the time being I am not trading this system.

Thank you for all the time spent together and the thoughts shared. This forum gave and meant me a lot!
Keep on hunting the pips and ... never give it up! :-)
Áron
  • #19,003
  • Oct 1, 2014 3:34pm Oct 1, 2014 3:34pm
Trying to gain the BCC for this strategy...

Discussion on probabilities:

[Assumption 1] Brokerage commission of 1 pip per rt
[Assumption 2] To win a trade, price has to move in our favoured direction 6 pips
[Assumption 3] To lose a trade, price has to move 9 pips against us.

Assuming you win 75% of trades...

375 - 250 - 100 (commission) = 25 pips or 0.25 pips profit per trade.

Thereby to achieve +10 pips per day, the average trading day would need 20 trades.

[Add in the additional commissions for break even and you are struggling..]

Are people achieving under these conditions?

If so, could you perhaps provide us with your percentage win rate and trade expectancy; in the hopes of creating the much needed,

Belief Confidence Consistency


As always,
Thank you for your time,
All de best,
TurismoTek
  • #19,004
  • Oct 1, 2014 6:15pm Oct 1, 2014 6:15pm
Quoting Carpathian
Dear All, I've been and will be away for some time these days. I am experimenting with something programmed where I try to let the market decide where it wants to go while keeping my position on the right side. I may call in once in a while to see how you're doing but for the time being I am not trading this system. Thank you for all the time spent together and the thoughts shared. This forum gave and meant me a lot! Keep on hunting the pips and ... never give it up! :-) Áron
Sad to hear this system didn't work for you! But since people are very different, this seems to be a "normal" situation. Maybe this kind of scalping strategy not meant for you, therefore you take the right decision to move on and try something other.

I wish you best of luck and always many green pips.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,005
  • Oct 1, 2014 6:35pm Oct 1, 2014 6:35pm
Good start to the day , took a while tho audjpy>tp audusd>tp
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Whats That? you're trading What?
  • #19,006
  • Oct 1, 2014 6:46pm Oct 1, 2014 6:46pm
Quoting TurismoTek
Trying to gain the BCC for this strategy... Discussion on probabilities: [Assumption 1] Brokerage commission of 1 pip per rt [Assumption 2] To win a trade, price has to move in our favoured direction 6 pips [Assumption 3] To lose a trade, price has to move 9 pips against us. Assuming you win 75% of trades... 375 - 250 - 100 (commission) = 25 pips or 0.25 pips profit per trade. Thereby to achieve +10 pips per day, the average trading day would need 20 trades. [Add in the additional commissions for break even and you are struggling..] Are people achieving...
No need to talk about spread, commission, brokerage etc. again. All was discussed already! All you need is patience, price action, a fine grasp and of course a good portion of luck!

One concret example to demonstrate spread somtimes matters, but not if you have enough PA! Usually I dont take those trades because of high spread!

Trade #1 EN TP.

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Btw. I am with Oanda and there is no commission but spreads vary much! Therefore I am using a spread filter not to fall into a trap of spread widening.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,007
  • Oct 1, 2014 6:57pm Oct 1, 2014 6:57pm
Jibala
Your results everyday are amazing. May I ask how long you have been trading this system you seem to have mastered it amazingly well.
Cheers in advance!
  • #19,008
  • Oct 1, 2014 6:58pm Oct 1, 2014 6:58pm
Just for the case someone doesn't know about PA:

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I got the hint early and I took my chance!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,009
  • Oct 1, 2014 7:30pm Oct 1, 2014 7:30pm
Quoting haircut
Jibala Your results everyday are amazing. May I ask how long you have been trading this system you seem to have mastered it amazingly well. Cheers in advance!
Dear haircut, I don't want to start that topic again because it was mentioned already. If you just search for my name and posts you can find out my 1st post is from June 24. During this time my loving mentor / teacher Nathalia was busy already developing a Dashboard. She was working 18h+ / day and all weekends to get ready to rumble.

We are one master (mentor) and two students in a trading office! Now, what makes us different from other traders?

We are able to watch over 28 currencies and to choose the very best and most profitable. We only check the chart of a currency, if we can identify activity on the Dashboard, which may lead to a profitable trade.

At current time I'm posting charts of almost all crosses but not the 4 main currencies EJ, EU, GJ and GU. Means at the moment those pairs are not having good setups. Therefore we have lots of other pairs we can choose from, while practicing patience!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,010
  • Oct 1, 2014 7:45pm Oct 1, 2014 7:45pm
Quoting JibalaPasan
{quote} Dear haircut, I don't want to start that topic again because it was mentioned already. If you just search for my name and posts you can find out my 1st post is from June 24. During this time my loving mentor / teacher Nathalia was busy already developing a Dashboard. She was working 18h+ / day and all weekends to get ready to rumble. We are one master (mentor) and two students in a trading office! Now, what makes us different from other traders? We are able to watch over 28 currencies and to choose the very best and most profitable. We only...
Jibala
thabk you for being patient and taking the time to explain this for me. I follow your posts closely. I am so pleased for your success. Please keep posting and helping the rest of us to learn.
Thank you.
  • #19,011
  • Oct 1, 2014 8:10pm Oct 1, 2014 8:10pm
Quoting haircut
{quote} Jibala thabk you for being patient and taking the time to explain this for me. I follow your posts closely. I am so pleased for your success. Please keep posting and helping the rest of us to learn. Thank you.
And hopefully one day we all will have same results like Nathalia. I asked her if I may post her amazing results. Pls keep on mind, our daily candle or change of day by broker at 12pm local time! (GMT +8)

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,012
  • Oct 1, 2014 8:36pm Oct 1, 2014 8:36pm
Hi Jibala

Is Nathalia from Philipine or whcih country?

Thanks
  • #19,013
  • Oct 1, 2014 8:48pm Oct 1, 2014 8:48pm
Quoting mkfx
Hi Jibala Is Nathalia from Philipine or whcih country? Thanks
Origin Russia, grown up in Germany and finally living in the Philippines.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,014
  • Oct 1, 2014 10:51pm Oct 1, 2014 10:51pm
Quoting Carpathian
Dear All, I've been and will be away for some time these days. I am experimenting with something programmed where I try to let the market decide where it wants to go while keeping my position on the right side. I may call in once in a while to see how you're doing but for the time being I am not trading this system. Thank you for all the time spent together and the thoughts shared. This forum gave and meant me a lot! Keep on hunting the pips and ... never give it up! :-) Áron
Hi Áron,

Very sad to hear you are moving on. I always learnt so much from your trades.
Wishing you best of luck with your future endeavours.
Take care.
By.
  • #19,015
  • Oct 1, 2014 11:07pm Oct 1, 2014 11:07pm
Trade #2 CHFJPY + #3 EURUSD TP.

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I am done so far, now preparing for the worship service. I'll be back maybe 2nd hour of NY.

Have a great day all together!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,016
  • Oct 1, 2014 11:43pm Oct 1, 2014 11:43pm
Quoting Carpathian
Dear All, I've been and will be away for some time these days. I am experimenting with something programmed where I try to let the market decide where it wants to go while keeping my position on the right side. I may call in once in a while to see how you're doing but for the time being I am not trading this system. Thank you for all the time spent together and the thoughts shared. This forum gave and meant me a lot! Keep on hunting the pips and ... never give it up! :-) Áron

Hi Aron,

sorry to hear, but I wish you all the best in your endeavours..

keep us posted of your progress...

Cheers and stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #19,017
  • Oct 2, 2014 12:18am Oct 2, 2014 12:18am
Hello Great Master Odine, the flying Dutchman in Italy ... ( reminds me of 'THOR' and 'Pirates of Caribbean' movies )

Thanks alot for ur free complete package system, have been practising the entries for a few days now.
i have read the first 25 pages and some important pages, cannot read the whole pages cos i got eye problem too.
I think the main problem of this system is the spreads, kinda hard to find a broker w/ smallest spreads for pairs.

i'm just wondering if anyone else has tried this system targetting 6,7,8,9 pips means tp6 / sl12, tp7 / sl14, tp8 /sl16....??
Therefore SL widen, more suitable for bigger spreads and not easily get hit.

i also have a question about Absolutestrenghthisto indi, what's the logic behind this indi?
don't wanna use an indi without knowing the logic inside it ....

Thanks !!
Budi
  • #19,018
  • Oct 2, 2014 12:54am Oct 2, 2014 12:54am
Quoting JibalaPasan
{quote} And hopefully one day we all will have same results like Nathalia. I asked her if I may post her amazing results. Pls keep on mind, our daily candle or change of day by broker at 12pm local time! (GMT +8) {image} Jibala
these results are only Udine system using?
190 pips = 38 winning trades!
  • #19,019
  • Oct 2, 2014 12:57am Oct 2, 2014 12:57am
Quoting Carpathian
Dear All, I've been and will be away for some time these days. I am experimenting with something programmed where I try to let the market decide where it wants to go while keeping my position on the right side. I may call in once in a while to see how you're doing but for the time being I am not trading this system. Thank you for all the time spent together and the thoughts shared. This forum gave and meant me a lot! Keep on hunting the pips and ... never give it up! :-) Áron
Good luck Aron! All the best!
Alec
Look for reasons not to take a trade.
  • #19,020
  • Oct 2, 2014 1:34am Oct 2, 2014 1:34am
Quoting Carpathian
Dear All, I've been and will be away for some time these days. I am experimenting with something programmed where I try to let the market decide where it wants to go while keeping my position on the right side. I may call in once in a while to see how you're doing but for the time being I am not trading this system. Thank you for all the time spent together and the thoughts shared. This forum gave and meant me a lot! Keep on hunting the pips and ... never give it up! :-) Áron
Buenos días familia,

@ Señor Carpathian
It has been a pleasure having you in this thread !
All the best of luck with your future projects and looking forward to seeing you back here.

flx69
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