As simple as possible: 00 level trading | Page 969 | Forex Factory

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As simple as possible: 00 level trading

  • #19,361
  • Oct 7, 2014 5:22am Oct 7, 2014 5:22am
Quoting bubincka
Trade #4 EA TP +5 {image}
@Qed and bubincka you guys donīt look for the Levels from DO?! And RmDn RED?!

Greetz Michael
  • #19,362
  • Oct 7, 2014 5:26am Oct 7, 2014 5:26am
Quoting mwsteiner
{quote} @Qed and bubincka you guys donīt look for the Levels from DO?! And RmDn RED?! Greetz Michael

IMHO, that will change when trading live and the account size starts to increase and really putting their money on the line...

then they will start to look for reasons NOT to take the trades

Udine
Sleep less, live fast, as it aint gonna last
  • #19,363
  • Oct 7, 2014 5:52am Oct 7, 2014 5:52am
Quoting mwsteiner
{quote} @Qed and bubincka you guys donīt look for the Levels from DO?! And RmDn RED?! Greetz Michael
Hi Michael, thank you for your post. In effect you're right, taking a trade @ the 11th level down the DO line is a big risk indeed. Regarding the ADR, when i put on the pending order, it was still green (ADR=125 for the pair) an usually I look at it. Of course UDINE remark it's OK. When real money is put at stake, maybe these are not trades to be taken-
Porta itineris dicitur longissima esse
  • #19,364
  • Oct 7, 2014 6:00am Oct 7, 2014 6:00am
GJ +5 TP
Attached Image (click to enlarge)
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  • #19,365
  • Oct 7, 2014 6:02am Oct 7, 2014 6:02am
first real trade
  • #19,366
  • Oct 7, 2014 6:09am Oct 7, 2014 6:09am
Although there is still space for RmUp / RmDn on some pairs, this is no more our trading, too much risk for mere 5 pip!
For all those who are still in the game, good luck!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,367
  • Oct 7, 2014 6:33am Oct 7, 2014 6:33am
2 wins more!!

A little risky, most pairs are em maximums or minimums in areas RmUp / RmDw. Operations ended for the day.
total of 8 wins 1 lose = 33 pips
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  • #19,368
  • Oct 7, 2014 6:41am Oct 7, 2014 6:41am
2nd trade real..GU +5 TP
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  • #19,369
  • Oct 7, 2014 6:59am Oct 7, 2014 6:59am
Quoting Udine
{quote} IMHO, that will change when trading live and the account size starts to increase and really putting their money on the line... then they will start to look for reasons NOT to take the trades Udine
Ciao Udine !
I don't know why, I can't see any level on my dashboard. See the screenshot, please.
Attached Image
  • #19,370
  • Oct 7, 2014 7:14am Oct 7, 2014 7:14am
2* TP5 eurusd
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  • #19,371
  • Oct 7, 2014 7:16am Oct 7, 2014 7:16am
Quoting Anusragger
Hi everyone, I've read the first and last pages of this thread and I do like the method. I understand that it's profitable with a 75+% hit rate. But that's 1 loss in 4 trades, so 10 pips. So 3 wins @ 5 pips leaves you with a total profit of 5 pips. Udine, you want 2 wins to reach your target. So, do you make an average of 8 trades per day? If not so, what am I missing?
The idea is that, once you have mastered the system, you rarely lose. The most successful traders in this thread rarely have a loss. Basically (the way I see it) - Use the rules, spend time looking at charts and previous trade examples, look for correlation between pairs, be patient, wait for good set-ups and you'll rarely lose.
  • #19,372
  • Oct 7, 2014 7:23am Oct 7, 2014 7:23am
Quoting finfresh
{quote} The idea is that, once you have mastered the system, you rarely lose. The most successful traders in this thread rarely have a loss. Basically (the way I see it) - Use the rules, spend time looking at charts and previous trade examples, look for correlation between pairs, be patient, wait for good set-ups and you'll rarely lose.
I understand. But let's say the master of the 00 level universe is Udine. He says, and I quote "winning % per month: 76 - 83 %". That's a bit better than 75% on average. But you would still need 7-8 trades on average to gain 10 pips.
  • #19,373
  • Oct 7, 2014 7:33am Oct 7, 2014 7:33am
Another one +5
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  • #19,374
  • Oct 7, 2014 7:39am Oct 7, 2014 7:39am
Quoting euroswiss
{quote} Ciao Udine ! I don't know why, I can't see any level on my dashboard. See the screenshot, please. {image}

change thje chart timeframe to M15 and check if its working..

Udine
Sleep less, live fast, as it aint gonna last
  • #19,375
  • Oct 7, 2014 8:31am Oct 7, 2014 8:31am
Quoting JibalaPasan
Trade #2 + #3 EURCAD TP. {image} Nice to play around the BRN! Only @900 and @800 according to the rules. Jibala
Djeez, nice !!!

Please stop dragging and dropping so many trades on 1 chart, itīs starting to look like a X-Mas tree !!!!
Guess it has come early for you this year, hasnīt it ?

flx69
  • #19,376
  • Oct 7, 2014 8:52am Oct 7, 2014 8:52am
Whats going on brother Udine... keeping on plugging..

just wanted to say hi..

stay green.
Passion, Persist, Patience, Protect
  • #19,377
  • Oct 7, 2014 9:01am Oct 7, 2014 9:01am
Quoting FXEmpire
Whats going on brother Udine... keeping on plugging.. just wanted to say hi.. stay green.

Hi Fx,

doing my best

and yourself???

Udine
Sleep less, live fast, as it aint gonna last
  • #19,378
  • Oct 7, 2014 9:02am Oct 7, 2014 9:02am
ok guys, girls,

its time for a beer.. I think i earned it....

speak tomorrow.

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #19,379
  • Oct 7, 2014 9:02am Oct 7, 2014 9:02am
Quoting Udine
{quote} Hi Fx, doing my best and yourself??? Udine

same.. grinding it out..

thread still kicking, it's nice
Passion, Persist, Patience, Protect
  • #19,380
  • Oct 7, 2014 9:10am Oct 7, 2014 9:10am
Quoting FXEmpire
{quote} same.. grinding it out.. thread still kicking, it's nice

Hi there FXE,

Nice to see you stopping by !
Hope allīs well and that youīre getting plenty of green pips.

I am out for the day.
Grand total +5 pips was the result of blood sweat and tears ;-)

Speak tomorrow.
flx69
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