image Next trade. Again an LBL. Sorry, don't have time for more thorough explanation, probably tomorrow.

Naked BBQ

I don't use fixed R:R (risk return) rules but rather look for pronounced support/resistance (S/R) and/or supply/demand (S/D) areas that might stand against the trade. This is where I usually put my trailing-stop (TS) or move my stop-loss (SL) to ...

Naked BBQ

image 3rd trade. [email protected], Entry (E)@1.32004. Trailing stop (TS) already activated. With this LBL it is a little different. I did not enter at the base (@ about 1.32396) but at a lower point where a strong move up in price occured in the past. ...

Naked BBQ

image 2nd trade I'm in (I promised you a slow thread). I wasn't too comfortable with this trade. Depending on how you define the legs, the 2nd one wasn't particularly stronger than the 1st one. Plus price had already approached the level somewhat ...

Naked BBQ

image This I call an LBL. The basics: 1st leg shorter than the 2nd 2nd leg breaks top of 1st leg both legs have big candles in it base is pretty clear-cut strong base breakout

Naked BBQ

Is that per week, per month or per year? I would demo trade this thing until you have a certain level of confidence. Then go live with low risk (maybe 0.1 - 0.5 % per trade) and see how it goes. You can increase the risk when you've build even more ...

What do you consider "real" profit?

It highly depends on what your trading looks like. E.g. being profitable over a period of 3 years sounds impressive. But if you've only taken 5 trades in those 3 years it doesn't mean a thing actually. Whereas being profitable over 3 months with 200 ...

What do you consider "real" profit?

Good morning, I'm recently trying to figure out how to enter/exit trades to get exactly +5 Pips TP/-10 Pips SL and factor in commission. This task, believe or not, simply overwhelms me. I will give it a shot, maybe you guys can tell me if I'm right. ...

As simple as possible: 00 level trading

That's a nice way to manage it and trade relatively risk free. Thing is I'm currently testing two methods. But two instances of MT4 seem to slow it down. However, I guess it's better to concentrate on one thing at a time. Thanks for the input!

As simple as possible: 00 level trading

Thanks, Udine. I remember you talking about trading multiple accounts for demo purposes. Does that work for you with MT4? Or do you use any other software?

As simple as possible: 00 level trading

Do any of you guys experience platform freezes at the start of a new hour (especially at london and NY open)? Could this be an indicator issue? Broker seems to be fine.

As simple as possible: 00 level trading

Hi flamantes, I'm not yet through the whole thread so I can only give you the information up until page 230: avoid the pairs for which red news are about to come out. So if there are red news on the EUR avoid all EUR pairs 1 hour before and 1/2 hour ...

As simple as possible: 00 level trading

I see, thanks for the reply, Udine. I will stop posting setups until I've become familiar with those parts of your method.

As simple as possible: 00 level trading

Thanks for your help, f. I double-checked the rules from page 1 and it was within those rules. So I guess it must be one of the new indicators/rules that were added later. Did Udine make them part of his rulebook or are they rather optional?

As simple as possible: 00 level trading

Good morning everyone. EJ pushed down hard this morning. 15m candle closed near its low which made a further push likely. Hope this trade is within the new set of rules developed here. image

As simple as possible: 00 level trading

Thanks very much, M.

As simple as possible: 00 level trading

Ok, thanks. I guess this change happened somewhere during the thread.

As simple as possible: 00 level trading

My chart crossed the 0.184 at about 12.45pm (about half an hour after your trade took place). I thought entries are only at 00 lines?!

As simple as possible: 00 level trading

You're right it was the EG not EJ. I will try the ASH, thanks a lot for your help!

As simple as possible: 00 level trading