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As simple as possible: 00 level trading

  • #26,301
  • Jan 29, 2015 11:49pm Jan 29, 2015 11:49pm
Well done Yelena - hope you take your trading and make plenty of cash from it.
  • #26,302
  • Jan 30, 2015 12:19am Jan 30, 2015 12:19am
[H1] EU to TS

Numberman
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  • #26,303
  • Jan 30, 2015 2:25am Jan 30, 2015 2:25am
Quoting yelena
{quote} +27 EOB. Black pips to all EDIT: the original plan was to trade the 2nd and 3rd hours due to the news. And so I did. Closing at +68 I will no longer post any trade and will not complete the 30 days. I think I have made my point. I will no longer respond to queries because they are futile. It's what the title said "as simple as." You guys make it so complicated. Any system will succeed until you deviate and add your human element. Act on it in cold blood. Do as you your trading plan. Assuming you even have a trading plan. Black pips to all...
Thank you for your contribution, i hope that even if you dont post trade, you still participate in the thread.
I think you found something really good with your exit strategy.

Asmodai
  • #26,304
  • Jan 30, 2015 2:25am Jan 30, 2015 2:25am
[H1] EU to TS

Too close to TP

Numberman
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  • #26,305
  • Jan 30, 2015 2:27am Jan 30, 2015 2:27am
Trade #1 GC 1h method, end of bar exit...... +14

Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADM15.png Size: 46 KB


Asmodai
  • #26,306
  • Jan 30, 2015 2:29am Jan 30, 2015 2:29am
Quoting Asmodai
Trade #1 GC 1h method, end of bar exit...... +14 {image} Asmodai
Good job!

Numberman
  • #26,307
  • Jan 30, 2015 2:33am Jan 30, 2015 2:33am
Trade #2 EC 1h method, end of bar exit..... +13

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADM15.png Size: 45 KB


Asmodai
  • #26,308
  • Jan 30, 2015 3:01am Jan 30, 2015 3:01am
Quoting whatfx
{quote} Diallist, are you THE Diallist ? missing for this forum for many years, and all of a sudden you just show up ! years ago when i first joined ff, i sent you many messages but got no reply. looks like you are still around. you must like this trading method very much for you to come out of hibernation ! iam wondering if your own trading systems that you have here on ff ever actually stood the test of time ? just curious..... udines method i tried briefly but it wasnt for me, so i moved on. i wonder if anyone since inception has made any money...
I will not discuss my FF history. This is Udine's thread... THE Udine!!

I have found the information in this thread of very great value. THANK YOU UDINE!
The method is solid, its edge is solid, and the teaching is solid (I like the non-spoon feeding style) THANK YOU UDINE

There is nothing wrong at all with sub-unity RR. All who persist in thinking that RR less than one is bad/inverse/poor/horrible, and say it will destroy a trading account simply do not have a proper understanding of the true interconnected relationships between risk, reward, win rate and edge.

A few years ago, I had the privilege of being invited by one of America's top currency fund managers to present a paper on money management in relation to RR and WR to a group of traders he was teaching. As I presented the paper, the fund manager had a bemused smile on his face as he watched the light of comprehension come into the faces of his students as they grasped for the first time that sub-unity RR is just as good and profitable as supra-unity RR.

Do not ask for a copy of the paper. It contains proprietary information specific to that training seminar.
However, I may someday, at my discretion, extract the portion that explains how RR really works and post it in a new thread.

Thank you for your query, which I've answered. This discussion is closed.

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #26,309
  • Jan 30, 2015 3:39am Jan 30, 2015 3:39am
Gday ALL,

GJ to TP
AJ to TP
NJ to BE

TY stromg JPY

Done for the day maybe i check NYO for a bonus.

Green pips to ALL.

Michael
  • #26,310
  • Jan 30, 2015 3:53am Jan 30, 2015 3:53am
This is my first week of trading after the holidays, i decide just to concentrate on one pair eurjpy, that's it, amazing results today a home run of + 47 pips enter a sell at 133.600 exit at 133.100 . Nice weekend to all
FREEDOM IS NOT FREE
  • #26,311
  • Jan 30, 2015 3:57am Jan 30, 2015 3:57am
Here's my understanding of Yelena's Fifteen Minute Exit Strategy. I hope it helps those who may still be confused.
Someone please correct me if this is wrong. Thanks
Attached Image (click to enlarge)
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sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #26,312
  • Jan 30, 2015 4:03am Jan 30, 2015 4:03am
Quoting tantor1973
This is my first week of trading after the holidays, i decide just to concentrate on one pair eurjpy, that's it, amazing results today a home run of + 47 pips enter a sell at 133.600 exit at 133.100 . Nice weekend to all
Nice job but you trade during RED-NEWS hour!!

Greetz Michael
  • #26,313
  • Jan 30, 2015 4:05am Jan 30, 2015 4:05am
The trade was taking 3 hours before news, and very close stop loss, i was looking for 10 pips, lock in 10 pips and let the rest run and the market was good to me
FREEDOM IS NOT FREE
  • #26,314
  • Jan 30, 2015 4:07am Jan 30, 2015 4:07am
Quoting diallist
Here's my understanding of Yelena's Fifteen Minute Exit Strategy. I hope it helps those who may still be confused. Someone please correct me if this is wrong. Thanks {image}
I think thats it.
The only changes i did was set a SL at 10, and i have a TP at 30 that i move according to where i expect the PA to find resistance, so that price doesnt hit a R1 pivot for exemple and go back lowering profits.

Asmodai
  • #26,315
  • Jan 30, 2015 4:21am Jan 30, 2015 4:21am
Quoting tantor1973
The trade was taking 3 hours before news, and very close stop loss, i was looking for 10 pips, lock in 10 pips and let the rest run and the market was good to me


Greetz
  • #26,316
  • Jan 30, 2015 4:23am Jan 30, 2015 4:23am
Trade #3 GA 1h method, end of bar exit...... +30

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15.png Size: 52 KB


Here you can see that i missed out on about 7 pips because of my 30 TP, but it could have retraced alot and i would get only 10 or 20.
Dont want to be too greedy... if nothing is in the way, get my 30 pips and be happy.

Asmodai
  • #26,317
  • Jan 30, 2015 4:23am Jan 30, 2015 4:23am
Quoting diallist
Here's my understanding of Yelena's Fifteen Minute Exit Strategy. I hope it helps those who may still be confused. Someone please correct me if this is wrong. Thanks {image}
Hi Dialist,

I'm also open for correction, but my understanding of the system is slightly different.

From what I understand, the trade is taken according to the 1 Hour rules (pending order set). The trade is then activated if the pending order level is reached, and the trade is then closed on the close of the 15M candle from which the trade became active. The close happens regardless of whether the 5 pip or -10 pip levels were ever reached/exceeded.

I could be very mislead as well though?

Vlad
  • #26,318
  • Jan 30, 2015 4:51am Jan 30, 2015 4:51am
UJ break even out
Looked like M5 candle formation was nice but couldn't win. Maybe not the best entry considering remaining Rmdn in hindsight...
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  • #26,319
  • Jan 30, 2015 5:05am Jan 30, 2015 5:05am
#3 [H1] EU to TS

Numberman
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  • #26,320
  • Jan 30, 2015 5:13am Jan 30, 2015 5:13am
why are you guys using ASH 5,4,3,,1 ? why not using 7,7,4,1,4 ?
thanks
do not stand out in the open with gun ;stand in the bushes with knife..
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