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As simple as possible: 00 level trading

  • #19,401
  • Oct 8, 2014 2:22am Oct 8, 2014 2:22am
Quoting Anusragger
{quote} First off, I did not wanted to insult you I'm just trying to figure ou the numbers in my head. Second: Now I understand. I did read it differently. "16. Trailstop 3.5 pips & Stoploss to BE @ 3.5 pips" I thought this meant when the trade opens it started trailing 3,5 pip and when @ + 3,5 you would be @ BE because of the trailing. And about those 7-8 trades for 10 pips. Isn't that what's statistically necessary to gain 10 pips if you would not use trailing or breakeven? 4 trades: win 3*5=15 lose 1*-10=-10 result 15-10=5 8 trades: Same as above...

I would not know, as I use trailing AND breakeven...

i prefer capital protection... so those kind of statistics dont have my attention...
besides my account is going in the right direction, so why should I change a winning team ???

cheers,

Udine
Sleep less, live fast, as it aint gonna last
  • #19,402
  • Oct 8, 2014 2:30am Oct 8, 2014 2:30am
May we see us to NYO, i have to go to the dentist now!

Stay all green,

Greetz Michael
  • #19,403
  • Oct 8, 2014 2:45am Oct 8, 2014 2:45am
Quoting JibalaPasan
{quote} Only one more and I am done! Jibala
Here I go!

Trade #2 GBPJPY TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.10.08_15h33m44s_035_.png Size: 30 KB


Never change a running / winning system!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,404
  • Oct 8, 2014 2:52am Oct 8, 2014 2:52am
Quoting JibalaPasan
{quote} Here I go! Trade #2 GBPJPY TP. {image} Never change a running / winning system! Jibala

Never change a running / winning system!

Could not agree more !!!!

Udine
Sleep less, live fast, as it aint gonna last
  • #19,405
  • Oct 8, 2014 3:17am Oct 8, 2014 3:17am
bad day today, two losses GBPCHF.... be difficult finish in positive
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH1.png Size: 39 KB
  • #19,406
  • Oct 8, 2014 3:20am Oct 8, 2014 3:20am
Quoting JibalaPasan
{quote} Trade #1 EU TP. {image} Only one more and I am done! Jibala
see that the DO was 1.2635, 1.2670 was my DO (NY close) so that the results and operations will be different ...
Attached Image (click to enlarge)
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  • #19,407
  • Oct 8, 2014 3:45am Oct 8, 2014 3:45am
Good morning everyone,

EJ short + 5pips : It took a while but it got there at the end.

BB.
Attached Image (click to enlarge)
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  • #19,408
  • Oct 8, 2014 3:52am Oct 8, 2014 3:52am
Quoting bugyibuci
Good morning everyone, EJ short + 5pips : It took a while but it got there at the end. BB. {image}
You didn't use the TS?
  • #19,409
  • Oct 8, 2014 3:54am Oct 8, 2014 3:54am
Trade #3 USDCAD TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.10.08_16h47m04s_037_.png Size: 24 KB


Bonus trade already!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,410
  • Oct 8, 2014 3:59am Oct 8, 2014 3:59am
Quoting rjsimp
{quote} You didn't use the TS?
Hi rjsimp,

No, I have removed it a while ago as loads of my trades ended up in TS lately. I am currently testing without the TS.
Thanks
BB.
  • #19,411
  • Oct 8, 2014 4:04am Oct 8, 2014 4:04am
Trade #4 EURUSD TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.10.08_16h54m55s_039_.png Size: 26 KB


Just looking for some bonus.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,412
  • Oct 8, 2014 4:04am Oct 8, 2014 4:04am
Quoting JibalaPasan
Trade #3 USDCAD TP. {image} Bonus trade already! Jibala
Hey Jibala, nice trading! I know it doesn't matter but I'm still going to ask because I'm also testing the London (Frankfurt) open instead of brokers day open. Do you use London open on purpose or is it coincidentally also your broker's open?
  • #19,413
  • Oct 8, 2014 4:09am Oct 8, 2014 4:09am
Trade #1 GJ SL -10
Comment: the next candle, same conditions, to TP !! How to avoid rhis ??
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_SL.png Size: 54 KB
Porta itineris dicitur longissima esse
  • #19,414
  • Oct 8, 2014 4:13am Oct 8, 2014 4:13am
Quoting Anusragger
{quote} Do you use London open on purpose or is it coincidentally also your broker's open?
It is brokers (Oanda US) open!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,415
  • Oct 8, 2014 4:15am Oct 8, 2014 4:15am
Trade #5 AUDUSD TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.10.08_17h10m40s_041_.png Size: 26 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,416
  • Oct 8, 2014 4:17am Oct 8, 2014 4:17am
Quoting bubincka
Trade #1 GJ SL -10 Comment: the next candle, same conditions, to TP !! How to avoid rhis ?? {image}
Trade looks nice, I also was there, but got TS, so sometimes it's useful)
  • #19,417
  • Oct 8, 2014 4:25am Oct 8, 2014 4:25am
I ended up getting two TP (EU, Ecad) but since LO I have been going back and forth between multiple pairs and constantly missing good entries. I've never had so many missed opportunities while looking around. Guess I need to do better with pending orders or look at fewer pairs. PA was fast this session
  • #19,418
  • Oct 8, 2014 4:25am Oct 8, 2014 4:25am
Trade #6 GBPUSD TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.10.08_17h18m37s_043_.png Size: 27 KB


Something I have to say about my / our trading. If we only trade the 4 pairs suggested for the system, it would be very hard to pick 2 trades per day. For this case you need to practice lots of PDF!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,419
  • Oct 8, 2014 4:38am Oct 8, 2014 4:38am
Did anyone have problems with MT4 crashing when loading the 00 level template, that is in the wukar zip file that Udine posted??

I'm trying 2 different demo accounts on 2 different brokers, and has happened on both.


Asmodai
  • #19,420
  • Oct 8, 2014 4:41am Oct 8, 2014 4:41am
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
Udine and others ,,, every trade Ive posted has been "real Account " I dont have demo a/c at all anymore . I found it was giving me false bravado... cheers Q and I will add after 4yrs trying and trying and trying MORE ... FINALLY here is a method/system that is giving me consistent results
Whats That? you're trading What?
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