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As simple as possible: 00 level trading

  • #5,181
  • Jun 24, 2014 5:05pm Jun 24, 2014 5:05pm
Welcome Pixie01
Whats That? you're trading What?
  • #5,182
  • Jun 24, 2014 5:49pm Jun 24, 2014 5:49pm
Quoting jmflukeiii
{quote} You trade them as you would any other level. No longs at .9 / .009 no shorts at .1 / .001. Longs and shorts everywhere else.
Thx for your answer!
  • #5,183
  • Jun 24, 2014 6:51pm Jun 24, 2014 6:51pm
Quoting PureHeart
Frankfurt TIme EJ - SL GJ - TP {image} {image}
Wasn't the EJ trade supposed to be long above the D open not below ?
  • #5,184
  • Jun 24, 2014 7:04pm Jun 24, 2014 7:04pm
EA to target. Halfway there -
Attached Image
Small disciplines repeated with consistency lead to great achievements.
  • #5,185
  • Jun 24, 2014 7:07pm Jun 24, 2014 7:07pm
Quoting jmflukeiii
EA to target. Halfway there - {image}
GA to target. Goal reached; done.
Attached Image
Small disciplines repeated with consistency lead to great achievements.
  • #5,186
  • Jun 24, 2014 7:30pm Jun 24, 2014 7:30pm
COLOMBIAN COFFEE


COLOMBIA=4 JAPAN=1

COLOMBIA POINTS=9

we are te champion Colombia
  • #5,187
  • Jun 24, 2014 7:55pm Jun 24, 2014 7:55pm
GA +>5 to kick the session off!

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Click to Enlarge Name: Image1.png Size: 37 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #5,188
  • Jun 24, 2014 8:21pm Jun 24, 2014 8:21pm
Quoting Go5
Ok, so after some 68 trades (last 3 weeks) this looks promising! Account is up but the data I put into the tracking spreadsheet posted here tell me that there is plenty of room for improvement (discipline is only some 75%). Misstakes like 2nd lv entries, lack of room down/up, trying to make up for losses after the 3rd hour of L.open, fiddling with another trade manager (MPTM) I used to use... Working on it {image}
Hi Go5: I noticed on your chart the indicator in the top right corner. It is one that I used to have but it got lost over time. Would you mind posting it or a link to it. Thanks, mdavem.
  • #5,189
  • Jun 24, 2014 8:41pm Jun 24, 2014 8:41pm
GJ +5

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Click to Enlarge Name: Image1.png Size: 35 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #5,190
  • Jun 24, 2014 9:13pm Jun 24, 2014 9:13pm
Quoting Masterrmind
GJ +5 {image} Masterrmind...........
Nice. I enjoy reaching target in Tokyo. Reduced size come my actual trading session (NY).
Small disciplines repeated with consistency lead to great achievements.
  • #5,191
  • Edited 9:39pm Jun 24, 2014 9:19pm | Edited 9:39pm
Quoting jmflukeiii
{quote} Nice. I enjoy reaching target in Tokyo. Reduced size come my actual trading session (NY).
Yes its great when it happens!

And then for the start of Frankfurt I simply continue to trade but with a far reduced lot size to further reduce risk.

EDIT: if I have already made the daily goal in the Asian session (I trade Asian session with full lot sizes) I may take other good setups but at the reduced Lot size.

My lot size strategy is as follows say for example it is 1 LOT size:

1. ASIAN session: 1 LOT (since movement is usually slow)
2. FRANKFURT session: 1/3 - 1/2 Lot (depending on trades made in Asian session, if none then I trade full lots in Frankfurt)
3. LONDON session: 1 LOT and
4. NEW YORK session: 1/3 - 1/2 Lot

It's been working out really good.

ps. The London open is then what I concentrate on usually by trading with the original lot size.
New York session reduced lot size once again.

Masterrmind...........
Master your Mind then Master your Trades
  • #5,192
  • Jun 24, 2014 9:48pm Jun 24, 2014 9:48pm
Quoting Masterrmind
{quote} Yes its great when it happens! And then for the start of Frankfurt I simply continue to trade but with a far reduced lot size to further reduce risk. EDIT: if I have already made the daily goal in the Asian session (I trade Asian session with full lot sizes) I may take other good setups but at the reduced Lot size. My lot size strategy is as follows say for example it is 1 LOT size: 1. ASIAN session: 1 LOT (since movement is usually slow) 2. FRANKFURT session: 1/3 - 1/2 Lot (depending on trades made in Asian session, if none then I trade...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,193
  • Jun 24, 2014 9:55pm Jun 24, 2014 9:55pm
hello folks,

just trying out the system myself, i tried to load the template/profiles from post #4 but mt4 hangs even after i reduce the amount of history.. what gives?
  • #5,194
  • Jun 24, 2014 10:09pm Jun 24, 2014 10:09pm
Quoting Masterrmind
{quote} Yes its great when it happens! And then for the start of Frankfurt I simply continue to trade but with a far reduced lot size to further reduce risk. EDIT: if I have already made the daily goal in the Asian session (I trade Asian session with full lot sizes) I may take other good setups but at the reduced Lot size. My lot size strategy is as follows say for example it is 1 LOT size: 1. ASIAN session: 1 LOT (since movement is usually slow) 2. FRANKFURT session: 1/3 - 1/2 Lot (depending on trades made in Asian session, if none then I trade...
I'm doing similar, but due to time zone issues, London just doesn't make any sense for me to trade (12am - 2/3am my time). So I trade Tokyo and NY (5am to 8am my time). At one time, I did stay up late and trade London, but working the night shift wasn't exactly why I got involved in trading financial markets. I trade equity index futures as well so the NY open is when I'm at the computer anyway. It used to be that London/NY overlap was a great time to trade currencies. Now it seems like once NY opens, currency ranges get all wedged up.
Small disciplines repeated with consistency lead to great achievements.
  • #5,195
  • Jun 24, 2014 10:20pm Jun 24, 2014 10:20pm
MLT QUOTED
"It was a priceless help for me seeing you in action.
I've never personally met any professional trader before and after more than a year spent studying the buisness I came out with a sort of convinction that anyone who teaches trading for money is just a loser (in the markets) unable to pay his own bills with what he pretends to teach.

I really needed to meet someone like you.

As soon as I double my account (hope so), I'll come to visit you again

Thanks!"

Udine Do you teach for money or have i miss understood the above
  • #5,196
  • Jun 24, 2014 10:32pm Jun 24, 2014 10:32pm
thanx Udine , 4 trades in row taking 5pts on spi200
Whats That? you're trading What?
  • #5,197
  • Jun 24, 2014 10:41pm Jun 24, 2014 10:41pm
XAGUSD (Silver) +>5

Nice short on silver...........

Attached Image (click to enlarge)
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Masterrmind..........
Master your Mind then Master your Trades
  • #5,198
  • Jun 24, 2014 10:42pm Jun 24, 2014 10:42pm
yep WD been busy watching spi200 tho . try to only do 1 thing at time
Whats That? you're trading What?
  • #5,199
  • Jun 24, 2014 10:51pm Jun 24, 2014 10:51pm
Quoting jmflukeiii
{quote} I'm doing similar, but due to time zone issues, London just doesn't make any sense for me to trade (12am - 2/3am my time). So I trade Tokyo and NY (5am to 8am my time). At one time, I did stay up late and trade London, but working the night shift wasn't exactly why I got involved in trading financial markets. I trade equity index futures as well so the NY open is when I'm at the computer anyway. It used to be that London/NY overlap was a great time to trade currencies. Now it seems like once NY opens, currency ranges get all wedged up.
The point I would like to make is that the lot size strategy I have given earlier is NOT fixed.

But rather DYNAMIC in terms of an ever evolving strategy and it will be different for different traders.

Masterrmind..........
Master your Mind then Master your Trades
  • #5,200
  • Jun 24, 2014 11:01pm Jun 24, 2014 11:01pm
Quoting Masterrmind
XAGUSD (Silver) +>5 Nice short on silver........... {image} Masterrmind..........
MASTERRMIND...do you trade gold also ?
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