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As simple as possible: 00 level trading

  • #6,921
  • Jul 1, 2014 7:49pm Jul 1, 2014 7:49pm
Quoting Masterrmind
Unfortunately no one is right all the time only some of the time...........

Outcome is not important at all, but correct technique is what only matters
  • #6,922
  • Jul 1, 2014 7:52pm Jul 1, 2014 7:52pm
GJ long at 200 as well. Watching it limp along. Made choice of that over GA, at this stage I'm in the wrong queue.
  • #6,923
  • Jul 1, 2014 7:57pm Jul 1, 2014 7:57pm
Quoting Selga
{quote} JibalaPasan, do you take only those trades, where 4h candle also is the same color? It is obvious which broker you have... are not higher spreads a problem for you?
If you look back on all the charts I've posted here, the candles of all 4 TFs show same color. About the spread it only makes a sense to take a trade with a higher potential on profit. Thats why I move TP to 10 - 20 or even more on pairs like GA. The problem is not the spread but the timing when to enter a trade. My mentor teached me always look for a currency's strength too that I'll know it is strong enough to buy or it's relatively weak so I'm going to sell.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #6,924
  • Jul 1, 2014 8:01pm Jul 1, 2014 8:01pm
RED NEWS for the AUD currency pairs in 30 minutes............Trade Balance...........

Masterrmind...........
Master your Mind then Master your Trades
  • #6,925
  • Jul 1, 2014 8:05pm Jul 1, 2014 8:05pm
Nice Warning MM
Whats That? you're trading What?
  • #6,926
  • Jul 1, 2014 8:07pm Jul 1, 2014 8:07pm
Quoting Qed
Nice Warning MM
I don't want to see anyone lose a trade simply because they missed the red news warning.

For those trading with AUD pairs.

Masterrmind.............
Master your Mind then Master your Trades
  • #6,927
  • Jul 1, 2014 8:08pm Jul 1, 2014 8:08pm
Quoting Masterrmind
{quote} I don't want to see anyone lose a trade simply because they missed the red news warning. For those trading with AUD pairs. Masterrmind.............
I can't see it.... can you make it bigger next time?
Small disciplines repeated with consistency lead to great achievements.
  • #6,928
  • Jul 1, 2014 8:10pm Jul 1, 2014 8:10pm
Quoting jmflukeiii
{quote} I can't see it.... can you make it bigger next time?
Sure thing!

Masterrmind...........
Master your Mind then Master your Trades
  • #6,929
  • Jul 1, 2014 8:15pm Jul 1, 2014 8:15pm
Quoting jmflukeiii
GA to target - halfway there - {image}
EA to target - all the way there, except this dang GJ trade -
Attached Image
Small disciplines repeated with consistency lead to great achievements.
  • #6,930
  • Jul 1, 2014 8:24pm Jul 1, 2014 8:24pm
Quoting jmflukeiii
{quote} It takes a long time to learn that - and the hard way appears to be the only way to learn it unfortunately
I think the phrase is: "Good judgement comes from Experience; Experience comes from Bad judgement." As children we make mistakes and sometimes get upset and then we try again until we get it right. As adults, we try to avoid making mistakes which prevents us from learning.
  • #6,931
  • Jul 1, 2014 8:29pm Jul 1, 2014 8:29pm
Quoting jmflukeiii
{quote} EA to target - all the way there, except this dang GJ trade - {image}
Yes that GJ trade hasn't spent much time on the long side of entry at all!

Masterrmind.........
Master your Mind then Master your Trades
  • #6,932
  • Jul 1, 2014 8:42pm Jul 1, 2014 8:42pm
gj finally getting up some steam...
  • #6,933
  • Jul 1, 2014 8:43pm Jul 1, 2014 8:43pm
Quoting Swede
gj finally getting up some steam...
patience patience patience, best I get another coffee and move away from screen
  • #6,934
  • Jul 1, 2014 8:43pm Jul 1, 2014 8:43pm
Quoting ericjschroed
{quote} I think the phrase is: "Good judgement comes from Experience; Experience comes from Bad judgement." As children we make mistakes and sometimes get upset and then we try again until we get it right. As adults, we try to avoid making mistakes which prevents us from learning.
Very good points. I certainly do notice that in my everyday life - avoiding things out of some unnecessary fear.
Small disciplines repeated with consistency lead to great achievements.
  • #6,935
  • Jul 1, 2014 8:49pm Jul 1, 2014 8:49pm
Quoting ericjschroed
{quote} I think the phrase is: "Good judgement comes from Experience; Experience comes from Bad judgement." As children we make mistakes and sometimes get upset and then we try again until we get it right. As adults, we try to avoid making mistakes which prevents us from learning.
Outcome is not important at all, but correct technique is what only matters
  • #6,936
  • Jul 1, 2014 8:50pm Jul 1, 2014 8:50pm
Quoting ericjschroed
{quote} I think the phrase is: "Good judgement comes from Experience; Experience comes from Bad judgement." As children we make mistakes and sometimes get upset and then we try again until we get it right. As adults, we try to avoid making mistakes which prevents us from learning.
Well said. Experience guys used to hv bullet holes all over.!
  • #6,937
  • Jul 1, 2014 9:03pm Jul 1, 2014 9:03pm
GA was the trade nice one I took it as well. GJ went above its daily move and hasn't pulled back at all long needed discrection not to say they won't work its also at 2014 highs.
  • #6,938
  • Jul 1, 2014 9:08pm Jul 1, 2014 9:08pm
running the two charts for the same currency certainly works well....one with target and stop...the second using the Wheelbarrow ea....here is a shot of what just happenned on the last little spike up...once 3.5 pips are attained the trailing kicks in...now a safe trade as far as losses are concerned...very smart system indeed..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyim15 stop kicked in.png Size: 58 KB
  • #6,939
  • Jul 1, 2014 9:09pm Jul 1, 2014 9:09pm
Gj tp +5 First win this morning
  • #6,940
  • Jul 1, 2014 9:10pm Jul 1, 2014 9:10pm
SPI dodgy today so far short xauusd (itm)
Whats That? you're trading What?
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