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As simple as possible: 00 level trading

  • #10,741
  • Jul 15, 2014 10:06pm Jul 15, 2014 10:06pm
Quoting FXEmpire
Morning all.. Hope today be a fruitful day for everyone, especially those who keep it real..

Can't wait for today, been really studying asian session on demo so far, i think AUD pairs are great for that.

Can't wait to go live with the usual.
  • #10,742
  • Jul 15, 2014 10:18pm Jul 15, 2014 10:18pm
Bonus trade

#3

GA +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB


Comments: 400 level long too close took 500 level long.

Masterrmind.........
Master your Mind then Master your Trades
  • #10,743
  • Jul 15, 2014 10:20pm Jul 15, 2014 10:20pm
Quoting Masterrmind
Bonus trade #3 GA +5 TP {image} Comments: 400 level long too close took 500 level long. Masterrmind.........
Intraday only.
  • #10,744
  • Jul 15, 2014 10:27pm Jul 15, 2014 10:27pm
Quoting navk
{quote}
Obviously a short is completely out of the question so as I have done before when PA is so very very close to the current 00 level such that a pending order is not possible I simply take the next closest level up which in this case was 10.3 pips away from hourly candle open time.

I might ask Udine about this situation and if it is within the "rules".

But I'm happy with the trade!

Masterrmind...........
Master your Mind then Master your Trades
  • #10,745
  • Jul 15, 2014 10:35pm Jul 15, 2014 10:35pm
Quoting Masterrmind
{quote} Obviously a short is completely out of the question so as I have done before when PA is so very very close to the current 00 level such that a pending order is not possible I simply take the next closest level up which in this case was 10.3 pips away from hourly candle open time. I might ask Udine about this situation and if it is within the "rules". But I'm happy with the trade! Masterrmind...........
Another push up was always expected after retracement and when 15 min candle goes green.

I too took the same trade as I posted and booked 4 +
Intraday only.
  • #10,746
  • Jul 15, 2014 10:36pm Jul 15, 2014 10:36pm
Mastermind.. could you please post your dashboard indicator for me please.

thanks in advance
Passion, Persist, Patience, Protect
  • #10,747
  • Jul 15, 2014 10:40pm Jul 15, 2014 10:40pm
Bonus trade

#4

GU +>5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


Comment: pending order was placed @ Tokyo Open but entry shows large slip >1.4 pips (hmm??) making the time of my trade to TP almost double. Should have been out of it hours ago. All good went to TP that's all we want in the end.

Masterrmind.............
Master your Mind then Master your Trades
  • #10,748
  • Jul 15, 2014 10:54pm Jul 15, 2014 10:54pm
Quoting FXEmpire
Mastermind.. could you please post your dashboard indicator for me please. thanks in advance
http://www.forexfactory.com/showthre...74#post7603174
you can get it in this post
  • #10,749
  • Jul 15, 2014 10:57pm Jul 15, 2014 10:57pm
Quoting FXEmpire
Mastermind.. could you please post your dashboard indicator for me please. thanks in advance
It's the PsyLevels Indicator originally posted via Juan007.

The dashboard is as follows:

Attached File(s)
File Type: ex4 PsyLevels_Dashboard_v1.ex4   16 KB | 935 downloads


Not sure how many pairs you want listed so i will leave that up to you (most likely 4 or so)

Use offset for X and Y as 100 and 140 in the parameter settings (same location on screen as mine)

Use the symbolsArray variable to enter your preferred pairs (upper case) in the values field and make sure they are separated by a semi colon.

Then you should be right to go!

Masterrmind.......
Master your Mind then Master your Trades
  • #10,750
  • Jul 15, 2014 10:57pm Jul 15, 2014 10:57pm
good morning boys/girls,

beautiful day this morning, already 26 degrees Celcius...

coffee at hand...

Udine
Sleep less, live fast, as it aint gonna last
  • #10,751
  • Jul 15, 2014 11:00pm Jul 15, 2014 11:00pm
Quoting Masterrmind
{quote} I think as long as you post your charts and give a clear albeit brief explanation of the reason why you took the trade and it does in general follow the rules of this strategy outlined by Udine then I think we all can learn something positive. In the end isn't that what it's all about........being profitable! ps. We should all strive to help each other in a positive constructive manner that leads to advancement as a better trader. Masterrmind...........

I agree with MM, but, in case you want to show charts that dont comply 100 % with the strategy, I want to add the following

1. the basics of the strategy must be in there
2. no lagging indicators
3. it must lead to increased profitability for you

Udine
Sleep less, live fast, as it aint gonna last
  • #10,752
  • Jul 15, 2014 11:03pm Jul 15, 2014 11:03pm
Quoting Udine
{quote} I agree with MM, but, in case you want to show charts that dont comply 100 % with the strategy, I want to add the following 1. the basics of the strategy must be in there 2. no lagging indicators 3. it must lead to increased profitability for you Udine
Thanks Udine.......

Masterrmind.......
Master your Mind then Master your Trades
  • #10,753
  • Jul 15, 2014 11:06pm Jul 15, 2014 11:06pm
Guys Check please

GJ - BS 174.400
GJ - SS 174.200
EJ - BS 138.000
EJ - SS - 137.900
GU - SS - 1.71300
GU - BS - 1.71500
  • #10,754
  • Jul 15, 2014 11:08pm Jul 15, 2014 11:08pm
Quoting Vikingi
Guys Check please GJ - BS 174.400 GJ - SS 174.200 EJ - BS 138.000 EJ - SS - 137.900 GU - SS - 1.71300 GU - BS - 1.71500
anything that is not 400,500 or 600 level is wrong as they are the only levels you should trade at franky open - according to the rules
  • #10,755
  • Jul 15, 2014 11:08pm Jul 15, 2014 11:08pm
great to see some of you made some green pips already..

Udine
Sleep less, live fast, as it aint gonna last
  • #10,756
  • Jul 15, 2014 11:09pm Jul 15, 2014 11:09pm
Good trading to everyone today, Personally trialing a new broker today with a live account. Yesterdays situation with the spread widening and the terminal loosing connection/not responding at the same time felt a little wrong
  • #10,757
  • Jul 15, 2014 11:10pm Jul 15, 2014 11:10pm
Quoting Vikingi
Guys Check please GJ - BS 174.400 GJ - SS 174.200 EJ - BS 138.000 EJ - SS - 137.900 GU - SS - 1.71300 GU - BS - 1.71500

check the rules in post 1 !!!

Udine

Edit: Callum already replied...
Sleep less, live fast, as it aint gonna last
  • #10,758
  • Jul 15, 2014 11:11pm Jul 15, 2014 11:11pm
Quoting Vikingi
Guys Check please GJ - BS 174.400 GJ - SS 174.200 EJ - BS 138.000 EJ - SS - 137.900 GU - SS - 1.71300 GU - BS - 1.71500
Check rule #3.

In fact it is a good idea to review the rules before each day until they are ingrained in your mind.
  • #10,759
  • Jul 15, 2014 11:14pm Jul 15, 2014 11:14pm
Quoting panamamike
{quote} Check rule #3. In fact it is a good idea to review the rules before each day until they are ingrained in your mind.

simply have them on the screen, like me...

now its there for peace of mind, as I know the rules by heart, but I still read them..

here is the screen I work with..

Udine
Attached Image (click to enlarge)
Click to Enlarge Name: screen.jpg Size: 357 KB
Sleep less, live fast, as it aint gonna last
  • #10,760
  • Jul 15, 2014 11:15pm Jul 15, 2014 11:15pm
Quoting Udine
{quote} check the rules in post 1 !!! Udine Edit: Callum already replied...
Thanks guys for the comments. Just noticed that LO opens at 11am my time, not 10.

So i left GJ BS and GU BS
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