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As simple as possible: 00 level trading

  • #11,141
  • Jul 16, 2014 7:39pm Jul 16, 2014 7:39pm
Trade #1

GA +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #11,142
  • Jul 16, 2014 7:45pm Jul 16, 2014 7:45pm
Trade #2

AU +5 TP

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Click to Enlarge Name: Screenshot1.png Size: 54 KB


Comment: Close to DO but looked left and was happy with what the chart was showing me.

Masterrmind.........
Master your Mind then Master your Trades
  • #11,143
  • Jul 16, 2014 7:47pm Jul 16, 2014 7:47pm
Quoting Masterrmind
Trade #2 AU +5 TP {image} Comment: Close to DO but looked left and was happy with what the chart was showing me. Masterrmind.........
What exactly was it on the left that made you happy to take the trade?

The previous few candles that made that push downwards?
Lets WUKAR FIFO!! - Udine
  • #11,144
  • Jul 16, 2014 7:56pm Jul 16, 2014 7:56pm
Not seeing any reason to close it. I like to let trades move a little 6 pips locked. I have a EA that trails and moves at whatever pips you want it to.

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  • #11,145
  • Jul 16, 2014 8:00pm Jul 16, 2014 8:00pm
Quoting turboguru
Not seeing any reason to close it. I like to let trades move a little 6 pips locked. I have a EA that trails and moves at whatever pips you want it to. {image}
Awesome, perhaps you should start a thread and show everyone your system.
Small disciplines repeated with consistency lead to great achievements.
  • #11,146
  • Jul 16, 2014 8:02pm Jul 16, 2014 8:02pm
Quoting jmflukeiii
{quote} Awesome, perhaps you should start a thread and show everyone your system.
Same as Udines just my spread ain't as good so go for more pips to make the difference.
  • #11,147
  • Edited 8:30pm Jul 16, 2014 8:08pm | Edited 8:30pm
Quoting GoldCoastFX
{quote} What exactly was it on the left that made you happy to take the trade? The previous few candles that made that push downwards?
Yes as simple as that!

And a "retest" if you like was beyond the TP making it all the more to my liking.

Look a the 700 level and its relationship between SL and DO ???

In the end it's about probability or the likelihood of success in a trade.

Masterrmind...........
Master your Mind then Master your Trades
  • #11,148
  • Jul 16, 2014 8:10pm Jul 16, 2014 8:10pm
EURJPY BE
Attached Image
Lets WUKAR FIFO!! - Udine
  • #11,149
  • Jul 16, 2014 8:11pm Jul 16, 2014 8:11pm
Quoting Masterrmind
{quote} Yes as simple as that! And a "retest" if you like was beyond the TP making it all the more to my liking. Masterrmind...........
thx
Lets WUKAR FIFO!! - Udine
  • #11,150
  • Jul 16, 2014 9:08pm Jul 16, 2014 9:08pm
Whoa... I just restarted my MT4 and it updated itself. There is now a DOM/Price Ladder in MT4!
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Small disciplines repeated with consistency lead to great achievements.
  • #11,151
  • Jul 16, 2014 9:10pm Jul 16, 2014 9:10pm
Quoting jmflukeiii
Whoa... I just restarted my MT4 and it updated itself. There is now a DOM in MT4!
DOM?
  • #11,152
  • Jul 16, 2014 9:13pm Jul 16, 2014 9:13pm
Ah Depth Of Market?

EJ just tp'd thats 2 winners and 1 BE for my first asian session... GJ is in the market as well, but will be happy to get it covered

Edited - GJ out for BE. Covering commission by adding .5 of a pip to the target may prove a little tougher in asian market place
  • #11,153
  • Jul 16, 2014 9:22pm Jul 16, 2014 9:22pm
GBPJPY BE
Attached Image
Lets WUKAR FIFO!! - Udine
  • #11,154
  • Jul 16, 2014 9:26pm Jul 16, 2014 9:26pm
Quoting jmflukeiii
Whoa... I just restarted my MT4 and it updated itself. There is now a DOM/Price Ladder in MT4! {image}
Yeah, too bad it doesn't seem to show the pending orders like in Futures.
  • #11,155
  • Jul 16, 2014 9:29pm Jul 16, 2014 9:29pm
Quoting ericjschroed
{quote} Yeah, too bad it doesn't seem to show the pending orders like in Futures.
Yeah, even if it did, it would only be for your broker or their liquidity pool. That's probably a reasonable proxy for the market as a whole, but who knows.
Small disciplines repeated with consistency lead to great achievements.
  • #11,156
  • Jul 16, 2014 9:30pm Jul 16, 2014 9:30pm
Bonus Trade

#1

EJ +>5 TP

Attached Image (click to enlarge)
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#2

NJ +>5 TP

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#3

NJ +4 TP (closing in to the RmDn so I closed it out manually for a 4 pip gain)

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#4 and #5

NU +5 TP; NU +5 TP (consecutive hourly winners thanks to the trend)

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Masterrmind............
Master your Mind then Master your Trades
  • #11,157
  • Jul 16, 2014 9:52pm Jul 16, 2014 9:52pm
Bonus GJ... time for sleep -

EDIT: Forgot to say, EJ TS.
Attached Image (click to enlarge)
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Small disciplines repeated with consistency lead to great achievements.
  • #11,158
  • Jul 16, 2014 9:54pm Jul 16, 2014 9:54pm
Bonus trade

#6

GJ +5 TP

Attached Image (click to enlarge)
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Masterrmind..........
Master your Mind then Master your Trades
  • #11,159
  • Jul 16, 2014 9:55pm Jul 16, 2014 9:55pm
MM
does this system add much to your skill set?
am curious to know if its the system thats landing these trades for you or your read on market
very impressive!
  • #11,160
  • Jul 16, 2014 9:56pm Jul 16, 2014 9:56pm
Quoting jmflukeiii
Bonus GJ... time for sleep - {image}
Have a nice rest JM

Masterrmind..........
Master your Mind then Master your Trades
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