a friend of mine has 415 spread!!!!!!!!!
As simple as possible: 00 level trading
- #25,864
- Jan 15, 2015 4:32am Jan 15, 2015 4:32am
- Joined May 2013 | Status: Trader | 1,997 Posts
Passion, Persist, Patience, Protect
- #25,866
- Jan 15, 2015 4:44am Jan 15, 2015 4:44am
- Joined May 2013 | Status: Trader | 1,997 Posts
Passion, Persist, Patience, Protect
- #25,867
- Jan 15, 2015 7:21am Jan 15, 2015 7:21am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Press release from the SNB {image}
Great to see everyone is busy.......
Far too busy to post I'm afraid.
Good trading,
Masterrmind.............
Master your Mind then Master your Trades
- #25,869
- Jan 15, 2015 8:28am Jan 15, 2015 8:28am
- Joined Jan 2015 | Status: Error 404: LuXing not found | 1,586 Posts
I wonder what the first 00-level crossing was here, can´t quite see it on my chart 
Wisdom begins in wonder
- #25,871
- Jan 15, 2015 12:43pm Jan 15, 2015 12:43pm
I see the participation greatly reduced , problems with the method ? Udine no longer post his operations ... I 'm having serious problems in being consistent , the price often triggers the order, goes to get the stop , and after going widely in profit , I do not know how to resolve this situation ...
I got my 2% for the day before the EURCHF chaos. I think most people took the day off at that point or traded other systems that took advantage of the chaotic conditions. They were braver than me
There are plenty traders posting their trades, so no need for Udine to post his as well? He's proven time and again that his system is working, now its a case of learn from others and practice (that's the way I see it).
My 2 cents...
Vlad
- #25,873
- Jan 15, 2015 3:02pm Jan 15, 2015 3:02pm
- Joined Jan 2015 | Status: Error 404: LuXing not found | 1,586 Posts
I see the participation greatly reduced , problems with the method ? Udine no longer post his operations ... I 'm having serious problems in being consistent , the price often triggers the order, goes to get the stop , and after going widely in profit , I do not know how to resolve this situation ...
In December a "cleaning operation" took place. FF banned many members, others were "promoted" to commercial, others got the additional username status.
"Udine no longer post his operations ..."
Udine´s busy teaching people how to trade forex face to face. Rather time-consuming but a very noble thing to do.
There´s only so much to know about this system, the rest really comes down to practicing a lot.
Markets are ever changing (ADRs increasing a lot), for all we know Udine comes up with a "new" system he deems more adequate to today´s market circumstances.
As for myself, I have been trading this system for almost 7 months and have come to the following conclusion.
Regarding success in forex, the trading system accounts for 20-30%, the remaining percentage really depends on the trader.
Having said that, the WUKAR system has proved effective under the most difficult market circumstances.
Please look at the chart below I found in the earlier posts back in July: pay attention to the range, ADR 5 days, 10 days, etc. and compare it to what we see today...
Maybe there are some pairs (such as GBPJPY), you should maybe not trade using the .50 level variant of this system because they are too volatile !
Try the "low ADR" pairs nobody would even dream trading with this system 6 months ago
Last but not least, make sure you post all your trades, especially the losers (kudos to Jibala Pasan for posting hers).
I will try and give as much constructive feedback as possible, surely some other die hards of this forum will jump in as well.
All the best in your quest for the daily green pips !
LuXing
Wisdom begins in wonder
I see the participation greatly reduced , problems with the method ? Udine no longer post his operations ... I 'm having serious problems in being consistent , the price often triggers the order, goes to get the stop , and after going widely in profit , I do not know how to resolve this situation ...
Many thanks to Udine for starting this thread and sharing and also to the regular and consistent contributors (Mastermind sticks out big time).
Up until about 4 weeks ago I was completely new to the forex world, I have been involved with shares and familiar with Charting and Candlesticks/formations - but had no idea about what a pip was or how to even go about trading forex.
After studying this thread for the last 4 weeks and reading approx 90% of it (also Udine's twitter) I seemed to have picked a lot of it up - from which broker to use and how to trade forex.
I have been practicing on demo, but being a beginner I am still going through the beginner cycle, that is chop and changing, making little variations etc. I'd have a few wins and almost doubled a demo account, and then quite a few losers and back to where I started - very frustrating cycle.
I have now changed the TP to 10 so that the R:R is 1:1 and am now tracking my strike rate - I figure as long as I stay above 60% I will be profitable. I have also decided to limit my trading to 4 trades a day - that way I don't go insane staring at the screen all day. Otherwise my setups are pretty much from Udine, looking at the 1h candle and trying to read the price action from the candle, also trying to read/confirm the price action of the 15m candle (I have also learnt a lot from Mastermind
. It has only been 3 days since I decided to trade this way - but so far from 12 trades my strike rate is 83% - this is the way I plan to persist - monitoring my strike rate.I wanted to join so that I could thank Udine for providing a great template to begin with - but I think one also needs to be able to read candles/price action to keep the strike rate high (like Mastermind).
Another reason the thread might be slowing down is because people have made variations to the original strategy and thus it is preferred if those trades are not posted here.
Mastermind appears to be doing very well looking at the charts he posts - he obviously picks his battles well and has lots of chart reading experience to assist with that. Udine posted a 260% odd return for last quarter last year - so I would say his strategy is till working well.
{quote} Opportunities don't come knocking very often like this move......... Great to see everyone is busy....... Far too busy to post I'm afraid. Good trading, Masterrmind.............
Hope you made some money MM
To answer your question fakielover, this system can be profitable. The hardest part is being disciplined enough to stick to ALL the rules, and having the price action knowledge to recognise when a setup is likely profitable.
Patience, Discipline and Focus are the MOST important things. Anyone can learn a mechanical system, the trouble is that not everyone has the discipline to stick to the rules.
I'm currently pulling in between 0 and 10% per week using a slight variation of this system. The most important part of it all is patience. Patience. Patience. Every time I open my laptop to trade I say to myself "Patience". Everything I get an itchy trigger finger I say to myself "Patience". It's very hard, training yourself like this. It's an ongoing process.
