Anyone who thinks that Udine,s 00 level strategy is going to make them profitable may be in for a tough ride....
reasons below:
1. There seems to be a lot of ambiguity surrounding his rules for trading the system, for example Udine made it clear that people needed to follow the rules as posted in page 1 however as some people started to lose money trading his system Udine stated that there was more to it than just sticking to the rules.
2. risk reward is terrible=lose $10 to win $5 minus spread &commission....leaves an average risk/reward of lose 11 to win 4...anyone with a commonsense approach and a brain would know that this r/r is going to blow your account eventually and it may take 6 months but it will happen..An Average of 72.5% win rate needed to breakeven
3. Ask anyone on Udine,s tread to post there account balance and they will fail to do so giving all sort of reasons ..think about it a minute if you were profitable would mind showing a quick snap shot of your account?..
4. An Average of 72.5% win rate needed to breakeven
5. Udine does not post his chart until after the event ...why not state beforehand such as buy the gbp/usd at 1.68500
WHY??Ill leave you decide.
What is the point of udine starting a tread to post his strategy outlining his strict set of rules claiming to be some sort of expert and who seems to be very condescending to rookie traders.DONT CLAIM TO BE A EXPERT SUCCESSFUL TRADER WITHOUT SHOWING YOUR ACCOUNT BALANCE.
reasons below:
1. There seems to be a lot of ambiguity surrounding his rules for trading the system, for example Udine made it clear that people needed to follow the rules as posted in page 1 however as some people started to lose money trading his system Udine stated that there was more to it than just sticking to the rules.
2. risk reward is terrible=lose $10 to win $5 minus spread &commission....leaves an average risk/reward of lose 11 to win 4...anyone with a commonsense approach and a brain would know that this r/r is going to blow your account eventually and it may take 6 months but it will happen..An Average of 72.5% win rate needed to breakeven
3. Ask anyone on Udine,s tread to post there account balance and they will fail to do so giving all sort of reasons ..think about it a minute if you were profitable would mind showing a quick snap shot of your account?..
4. An Average of 72.5% win rate needed to breakeven
5. Udine does not post his chart until after the event ...why not state beforehand such as buy the gbp/usd at 1.68500
WHY??Ill leave you decide.
What is the point of udine starting a tread to post his strategy outlining his strict set of rules claiming to be some sort of expert and who seems to be very condescending to rookie traders.DONT CLAIM TO BE A EXPERT SUCCESSFUL TRADER WITHOUT SHOWING YOUR ACCOUNT BALANCE.