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As simple as possible: 00 level trading

  • #23,861
  • Dec 4, 2014 2:30am Dec 4, 2014 2:30am
Quoting cescof
{quote} Same for me... i'm trying to follow all rules but no way to win.... Confused.... and often answer for bad trading are quite strange in a sense that who answer find other reasons (out fo rules) to justify fault trade.... So i think that everybody wins here is because it's a really good discretional trader...... I will try again and again and i'm grateful to all for sharing this way of trading bu i think it's not so simple and profitable just following rules... Stay all green Kind regards
How long have you been trading forex ?
Is this system for you ?

How long does it take to become a good car mechanic, a notary, any profession ?
How many hours of schooling would it take to get the necessary knowledge to exercise one of the afore-mentioned professions ?
And when one thinks they have the basic knowledge, that´s it ?
Or would the car mechanic run into situations once every while, where he has no solution and acquire additional skills ?

Food for thought.

flx69
  • #23,862
  • Dec 4, 2014 2:31am Dec 4, 2014 2:31am
Finaly
EU +5
Although this was not a perfect setup
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  • #23,863
  • Dec 4, 2014 2:32am Dec 4, 2014 2:32am
Quoting snail69
{quote} OK, newbies, hope Udine will understand. He stated, his rules are guidelines, not mantra !!! One needs to understand price behaviour and in our case also candlestick formations. I provide here 2 links for threads on FF, all free, which helped me on my way very much. So, for price behaviour: http://www.forexfactory.com/showthre...&goto=lastpost For candlestisks and their formations: http://www.forexfactory.com/showthre...&goto=lastpost And stop crying, only you, yourself can at the end help self....
Yes you are right... and i'm big looser till now so i can't say anything about forex... but you confirm me that you win because you are good trader , because you know how candles works and so on....
Few days ago were here a wonderful commercial dashboard that helps too much to use this System but is it really useful if you have to add all your discretional knoledge? Are this systems rules enough to be profitable? This are my doubts... and i will try to solve it maybe with your help...
Thanks again..
Regards
  • #23,864
  • Dec 4, 2014 2:33am Dec 4, 2014 2:33am
EJ TS
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  • #23,865
  • Dec 4, 2014 2:34am Dec 4, 2014 2:34am
Trade #2 o/t day: EJ out by TS.
Just 0.2 pip shy of hitting TP, +1 pip anyway.

flx69
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  • #23,866
  • Dec 4, 2014 2:38am Dec 4, 2014 2:38am
Quoting Kubiasty
I noticed that selling or buying at levels .00 is the same thing like buying at level 123, 432, 345, 653, 434, cause market is random, and trend is random... this is not predictible... and this strategy dont work too or you guys just got lucky, im testing this strategy from weeks and I dont have profit. -10 pips sl = all rules was OK. {image} and GBPUSD Snail as you said its better major pair.... -10 pips sl = all rules was OK. {image}
Kubiasty,

I have mentioned it several times in the thread, THE RULES ARE A GUIDELINE... get it into your head...

then you have to use your brain plus left eye and right eye, to look for reasons not to take a trade

ONLY AND ONLY IF YOU CANNOT FIND ONE, you can enter..

Your GU trade:

the previous 2 hours that level has been tested already, and did not get thourgh, so why you enter... why you think this time the level will be broken??

That is a low risk entry ???

Start to read the thread from page 1 again, and only focus on those damn 4 pairs, which I have been exclusively looking at for about 5 years..

Its time you really start to learn to analyze...

You want to be operated by a doctor who read a book how to remove an appendicitis, during the weekend?? or you want an expert docotr??

start to become the expert docotr!!!

Udine
Sleep less, live fast, as it aint gonna last
  • #23,867
  • Dec 4, 2014 2:39am Dec 4, 2014 2:39am
Quoting GoForPip
Finaly EU +5 Although this was not a perfect setup {image}
In my opinion the EJ was more risky so i decided to take the EU Trade!

But TS and TP, perfect for you

Greetz Michael
  • #23,868
  • Dec 4, 2014 2:41am Dec 4, 2014 2:41am
EU to TP

I guess quite a few of us were on this one, I was a bit late on the trade as I entered manually when I saw sync move on NU AU GU
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PU
  • #23,869
  • Dec 4, 2014 2:44am Dec 4, 2014 2:44am
Quoting cescof
{quote} Yes you are right... and i'm big looser till now so i can't say anything about forex... but you confirm me that you win because you are good trader , because you know how candles works and so on.... Few days ago were here a wonderful commercial dashboard that helps too much to use this System but is it really useful if you have to add all your discretional knoledge? Are this systems rules enough to be profitable? This are my doubts... and i will try to solve it maybe with your help... Thanks again.. Regards
Hi cescof
For now I would recommend.
1. Take only setups on Frankfurt and London open. This will enhance your performance.
2. SL is part of trading. Get use to it. It is there to protect you and not to make you mad or dissapointed.
3. Open charts of the other traders LOOK/LEARN (ask your self why is this good or bad trade)
4. Rules of this system are profitable when applied at correct moment.


or ignore everything I just wrote
  • #23,870
  • Dec 4, 2014 2:45am Dec 4, 2014 2:45am
Quoting Kubiasty
What was wrong now here ???? {image}

You should have closed your platform hours ago !!!

no more trading after london close...

I am so glad to see you took the time to read the damn thread !!

Start to trade according to the rules, on the pairs that I outlined and start to learn... stop gambling and messing around..

LOSING MY PATIENCE WITH YOU, YOU ARE VERY VERY CLOSE TO IGNORE !!

Udine
Sleep less, live fast, as it aint gonna last
  • #23,871
  • Dec 4, 2014 2:48am Dec 4, 2014 2:48am
Quoting mwsteiner
{quote} In my opinion the EJ was more risky so i decided to take the EU Trade! But TS and TP, perfect for you Greetz Michael
Done for today.
Took one early EJ +5 at Tokyo so my 2% are in the pocket.
  • #23,872
  • Dec 4, 2014 2:48am Dec 4, 2014 2:48am
Quoting cescof
{quote} Yes you are right... and i'm big looser till now so i can't say anything about forex... but you confirm me that you win because you are good trader , because you know how candles works and so on.... Few days ago were here a wonderful commercial dashboard that helps too much to use this System but is it really useful if you have to add all your discretional knoledge? Are this systems rules enough to be profitable? This are my doubts... and i will try to solve it maybe with your help... Thanks again.. Regards

Just because you have losing trades does not mean your a loser !!

change the words you use for yourself.... It matters a lot !!

Udine
Sleep less, live fast, as it aint gonna last
  • #23,873
  • Dec 4, 2014 2:52am Dec 4, 2014 2:52am
Good morning guys, girls,

you might have noticed from my mood... its not the best...

son is better and back to school, but he infected me now.. so lucky me is sick.., but I will be around..

it clearly shows in my posts..

Stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #23,874
  • Dec 4, 2014 2:53am Dec 4, 2014 2:53am
Trade #2 AJ +3.2 (closed manual after that bähmm TP better safe then sorry)

Greetz Michael
  • #23,875
  • Dec 4, 2014 2:57am Dec 4, 2014 2:57am
Quoting Udine
Good morning guys, girls, you might have noticed from my mood... its not the best... son is better and back to school, but he infected me now.. so lucky me is sick.., but I will be around.. it clearly shows in my posts.. Stay green Udine
Get well soon!!

Greetz Michael
  • #23,876
  • Dec 4, 2014 3:06am Dec 4, 2014 3:06am
Quoting mwsteiner
Trade #2 AJ +3.2 (closed manual after that bähmm TP better safe then sorry) Greetz Michael

Well done Michael.

Trade #3 o/t day: AJ out by TS.

flx69
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  • #23,877
  • Dec 4, 2014 3:10am Dec 4, 2014 3:10am
Quoting flx69
{quote} Well done Michael. Trade #3 o/t day: AJ out by TS. flx69 {image}
my trade from .400

Greetz Michael
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  • #23,878
  • Dec 4, 2014 3:11am Dec 4, 2014 3:11am
Quoting Udine
Good morning guys, girls, you might have noticed from my mood... its not the best... son is better and back to school, but he infected me now.. so lucky me is sick.., but I will be around.. it clearly shows in my posts.. Stay green Udine
LOL, Its the way of the world, glad your boy is better.
If its the cold or flu, can I suggest Otrivine, doesn't stop the cold, just the nasal symptoms, which is most the most annoying bit.
BTW I'm not a medical professional
Seems to be a lot of them here.

PU
  • #23,879
  • Dec 4, 2014 3:18am Dec 4, 2014 3:18am
Quoting pullup
{quote} LOL, Its the way of the world, glad your boy is better. If its the cold or flu, can I suggest Otrivine, doesn't stop the cold, just the nasal symptoms, which is most the most annoying bit. BTW I'm not a medical professional Seems to be a lot of them here. PU

thx Pullup, btw how many can you do ??

nahh, nothing that a bottle of Glenmorangie cannot cure ...

Udine
Sleep less, live fast, as it aint gonna last
  • #23,880
  • Dec 4, 2014 3:19am Dec 4, 2014 3:19am
EJ TS
Ej ts
EA +5
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