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As simple as possible: 00 level trading

  • #5,201
  • Jun 24, 2014 11:03pm Jun 24, 2014 11:03pm
Quoting NewToForex14
{quote} MASTERRMIND...do you trade gold also ?
Yes I do!

Masterrmind............
Master your Mind then Master your Trades
  • #5,202
  • Jun 24, 2014 11:04pm Jun 24, 2014 11:04pm
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...

Sounds good to me.
Outcome is not important at all, but correct technique is what only matters
  • #5,203
  • Jun 24, 2014 11:06pm Jun 24, 2014 11:06pm
Quoting FXEmpire
{quote} if your spread is 2.5 don't even think about trading this method.. low spread is vital.. less than one pip is ideal..
That is truth. With OANDA account, i have to modify the rule to adapt with big spread.
Outcome is not important at all, but correct technique is what only matters
  • #5,204
  • Jun 24, 2014 11:11pm Jun 24, 2014 11:11pm
Quoting Lrt
{quote} Reached it even yesterday 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! Lrt

Sorry Lrt,

I missed you post.

well done..

You know how to reach me and where to find me

Udine
Sleep less, live fast, as it aint gonna last
  • #5,205
  • Jun 24, 2014 11:13pm Jun 24, 2014 11:13pm
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}
have you been doing your burpees ??

Udine
Sleep less, live fast, as it aint gonna last
  • #5,206
  • Jun 24, 2014 11:14pm Jun 24, 2014 11:14pm
Quoting ericjschroed
Ok, I have to post, not sure if anyone will read it past the first sentence. First of all, humor is very risky in a multicultural environment like this. As Udine's reply indicated he didn't understand what someone else thought was funny, and worse is that some people could be offended by something that might be amusing in one country but not in another. Notice in a previous post of mine, I said something I thought was funny and Udine read it as cynical. CAUTION! Second, this is supposed to be a professional trading forum for learning. Please keep...

well said brother..

Udine
Sleep less, live fast, as it aint gonna last
  • #5,207
  • Jun 24, 2014 11:16pm Jun 24, 2014 11:16pm
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...

good thinking

Udine
Sleep less, live fast, as it aint gonna last
  • #5,208
  • Jun 24, 2014 11:18pm Jun 24, 2014 11:18pm
Quoting Udine
{quote} good thinking Udine
It's great to be a part of your thread Udine, feels like the place to be!

Masterrmind...........
Master your Mind then Master your Trades
  • #5,209
  • Jun 24, 2014 11:19pm Jun 24, 2014 11:19pm
Quoting marchamp
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

YOU MISUNDERSTOOD !!

I TEACH FOR FREE..

to be honest the price is a cup of coffee

Udine
Sleep less, live fast, as it aint gonna last
  • #5,210
  • Jun 24, 2014 11:23pm Jun 24, 2014 11:23pm
Glad to see that several people have been able to get some green pips out of the market again...

Udine

BTW: could start early this morning as ITALY gave nothing to celebrate about...lousy world cup..
Sleep less, live fast, as it aint gonna last
  • #5,211
  • Jun 24, 2014 11:25pm Jun 24, 2014 11:25pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Udine
{quote} YOU MISUNDERSTOOD !! I TEACH FOR FREE.. to be honest the price is a cup of coffee Udine
Will go to Fedex asap and send 1 for you
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,212
  • Jun 24, 2014 11:27pm Jun 24, 2014 11:27pm
just got it working, so far i think i get everything but i need some clarification on these points

"2. Entry ONLY the FIRST 00 level
3. Frankfurt open only .400/.500/.600 levels
4. London open all levels"

what 'level' are these referencing to? price? if so im not sure what's the difference between .400/.500 and first 00 level.. sorry about the silly question.
  • #5,213
  • Jun 24, 2014 11:29pm Jun 24, 2014 11:29pm
Quoting FerruFx
{quote} Will go to Fedex asap and send 1 for you
Dont think you need any help from anybody on trading.., but a cup of coffee is always welcome

tomorrow will be trading with another person from this thread.. he is in Italy for business and we meet thursday to trade together...

Udine
Sleep less, live fast, as it aint gonna last
  • #5,214
  • Jun 24, 2014 11:30pm Jun 24, 2014 11:30pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Udine
BTW: could start early this morning as ITALY gave nothing to celebrate about...lousy world cup..
I was one of the greatest fan for Italy team many years ago. Was in Roma in july '82 for the 3rd star ! What a party !

But since 2006 when they beat France, no way I will support them again ... even I am an half italian and most of my family live there !
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,215
  • Jun 24, 2014 11:30pm Jun 24, 2014 11:30pm
Quoting nitecop
just got it working, so far i think i get everything but i need some clarification on these points "2. Entry ONLY the FIRST 00 level 3. Frankfurt open only .400/.500/.600 levels 4. London open all levels" what 'level' are these referencing to? price? if so im not sure what's the difference between .400/.500 and first 00 level.. sorry about the silly question.

Watch the charts and check the sweetspot indicator and tel me what you see..

Udine
Sleep less, live fast, as it aint gonna last
  • #5,216
  • Jun 24, 2014 11:32pm Jun 24, 2014 11:32pm
Quoting FerruFx
{quote} I was one of the greatest fan for Italy team many years ago. Was in Roma in july '82 for the 3rd star ! What a party ! But since 2006 when they beat France, no way I will support them again ... even I am an half italian and most of my family live there !

they played cowardly during the last two group matches, so did not deserve to go through..

Udine
Sleep less, live fast, as it aint gonna last
  • #5,217
  • Jun 24, 2014 11:32pm Jun 24, 2014 11:32pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Udine
{quote} Dont think you need any help from anybody on trading.., but a cup of coffee is always welcome
We have always something new to learn ... no matter the experience and skills. And that's not related only to trading.
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,218
  • Jun 24, 2014 11:34pm Jun 24, 2014 11:34pm
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting Udine
{quote} they played cowardly during the last two group matches, so did not deserve to go through.. Udine
If they are not able to pass the 1st round, they are not ready to win their 5th star ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,219
  • Jun 24, 2014 11:43pm Jun 24, 2014 11:43pm
Quoting Udine
{quote} Watch the charts and check the sweetspot indicator and tel me what you see.. Udine

i see those price levels you mentioned, does that mean i place a pending order on the next upcoming level in the direction of the system?

based on the uploaded chart i'm guessing there is no 00 level and i can only enter either in frankfurt or london open correct?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-h1-oanda-division2.png Size: 43 KB
  • #5,220
  • Jun 24, 2014 11:44pm Jun 24, 2014 11:44pm
Quoting Udine
{quote} YOU MISUNDERSTOOD !! I TEACH FOR FREE.. to be honest the price is a cup of coffee Udine
Relief!!!!! I just read 260 pages (had me worried there)
Only 2nd day Trading going not so good (all valid trades), i will try to stick only to the first 2 hours of london and new york for now
Except Frankfurt if it has a 300/500/600 trade they seem to be very successful
GU trade on Frankfurt open threw me a bit never saw you trade any other pairs before (gy & ey)
Maybe once you mentioned another pair with your son but not going to try and find it
forward and onwards as some one once said
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