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As simple as possible: 00 level trading

  • #11,401
  • Jul 17, 2014 9:33am Jul 17, 2014 9:33am
Quoting Masterrmind
{quote} Start reading from about page 568 or thereabouts, it's discussed a lot. Then check your EJ chart and compare. Hint: What is the PA telling you about the trend of this pair since about Frankfurt Open? What about the Range ? Anything else you notice ? Hope this helps but as always the answers are buried within the charts. Masterrmind.............

MM, this is what we need;

Inserted Video
  • #11,402
  • Jul 17, 2014 9:38am Jul 17, 2014 9:38am
Quoting flx69
{quote} MM, this is what we need; http://www.youtube.com/watch?v=quumkfGGE_U
Yes indeed!

But I'm off to have my sleep now and will be back for the Asian session full of motivation.....

Will keep this song nearby .... just in case!

Good luck and happy trading!

Masterrmind..........
Master your Mind then Master your Trades
  • #11,403
  • Jul 17, 2014 10:10am Jul 17, 2014 10:10am
EJ short at 30....TP hit +5.....only trade during NY

Asia 3/3
LO no trades
NY 1/1

see ya all later today.....green pips to all
  • #11,404
  • Jul 17, 2014 10:15am Jul 17, 2014 10:15am
Thanks for the answers, where i live the absolute majority of my generation is in my same situation (but most of them ended fighting before even trying) so i find it quite normal and not touching at all ahah.

BTW, this is tomorrows calendar.
Looks nice and green.

Lrt
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"Every battle is won before it's fought."
  • #11,405
  • Jul 17, 2014 10:17am Jul 17, 2014 10:17am
Quoting Lrt.Ita
{quote} I'm just an university graduate italian 23yo that still lives with ... Lrt
Hi Lrt,
I'd like to tell you something : you don't even know how tremendously RICH you are! 23 yo!!! I bet Warren Buffet would love to pay all his money to be your age. My advise: relax and forget about money for next 6 months. Focus on execution. Take only best setups. You need only 2 good trades a day to be successful. Analyse your trades in trading journal on weekends.
Good luck!
Alec
Look for reasons not to take a trade.
  • #11,406
  • Jul 17, 2014 10:24am Jul 17, 2014 10:24am
havent done anything this afteroon... so will call it a day and enjoy a beer...

this will be the worst week of trading this way.... (so far +4% for the week).. still not complaining...

Udine
Sleep less, live fast, as it aint gonna last
  • #11,407
  • Jul 17, 2014 10:24am Jul 17, 2014 10:24am
Thanks for the chart Lrt,

Looks like tomorrow green lights all the way. Let's keep some ammunition for the battle.

Cheers !!!
  • #11,408
  • Jul 17, 2014 10:26am Jul 17, 2014 10:26am
CJ to TP.

I was too late for entry on all the other Yen crosses.
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  • #11,409
  • Jul 17, 2014 10:26am Jul 17, 2014 10:26am
EJ +5 (with a small lot size)
now I'm trying to regain my BCC...
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My hope has been almost completely shattered, but not completely yet
  • #11,410
  • Jul 17, 2014 10:31am Jul 17, 2014 10:31am
UJ going wild...
now I'm on the sidelines
My hope has been almost completely shattered, but not completely yet
  • #11,411
  • Jul 17, 2014 10:33am Jul 17, 2014 10:33am
NJ out by TS, +3 pips though.

Although it wasn´t the first 00 level cross, I didn´t short at .100.
  • #11,412
  • Jul 17, 2014 10:39am Jul 17, 2014 10:39am
EU made a resistance below 1.35300 so I'll put a pending short 1.35200 if the next hour's opening price is between 1.35300 and 1.35200. It might be my last trade today...
My hope has been almost completely shattered, but not completely yet
  • #11,413
  • Jul 17, 2014 10:53am Jul 17, 2014 10:53am
back to check up on you guys..

reading lrt italian the stalian.. this post is for you bud, if you care..
your 23 right!! perfect.. no hurry you got plenty of time lucky to fall in such thread early on in your trading career..
I'll give you a road map of my own beats.. trade this on very small fund ($500) micro lot for a few months only the 1st 3hrs of London.. rest of the time get a fix income regular job (anything that pays for sure) working your ass off, eat and sleep and spend less.. anything that you can do to save the most..
within six month you should be pro at this method.. with all mistakes, ups and downs, everything that you need to see, feel, touch, and all and all issues behind you.. ready to go with money saved up large enough to trade for real to produce enough to live and grow your account month in month out.
Passion, Persist, Patience, Protect
  • #11,414
  • Jul 17, 2014 10:57am Jul 17, 2014 10:57am
Quoting FXEmpire
back to check up on you guys.. reading lrt italian the stalian.. this post is for you bud, if you care.. your 23 right!! perfect.. no hurry you got plenty of time lucky to fall in such thread early on in your trading career.. I'll give you a road map of my own beats.. trade this on very small fund ($500) micro lot for a few months only the 1st 3hrs of London.. rest of the time get a fix income regular job (anything that pays for sure) working your ass off, eat and sleep and spend less.. anything that you can do to save the most.. within six month...
Hope you had fun hitting balls ?
You missed some of the Yen fun during the last hour... Prices went bezerk...
  • #11,415
  • Jul 17, 2014 10:58am Jul 17, 2014 10:58am
Quoting FXEmpire
back to check up on you guys.. reading lrt italian the stalian.. this post is for you bud, if you care.. your 23 right!! perfect.. no hurry you got plenty of time lucky to fall in such thread early on in your trading career.. I'll give you a road map of my own beats.. trade this on very small fund ($500) micro lot for a few months only the 1st 3hrs of London.. rest of the time get a fix income regular job (anything that pays for sure) working your ass off, eat and sleep and spend less.. anything that you can do to save the most.. within six month...

Sounds good, but there is one problem....

get a fix income regular job (anything that pays for sure) We are talking about Italy... there are no jobs available... men/women, between 20 - 60 cannot find ANY JOB AT ALL..... even the ones with higher education, like university... the situation here is so dramatic....

Udine
Sleep less, live fast, as it aint gonna last
  • #11,416
  • Jul 17, 2014 11:13am Jul 17, 2014 11:13am
Quoting Udine
{quote} Sounds good, but there is one problem.... get a fix income regular job (anything that pays for sure) We are talking about Italy... there are no jobs available... men/women, between 20 - 60 cannot find ANY JOB AT ALL..... even the ones with higher education, like university... the situation here is so dramatic.... Udine
Yep, that's the real thing.

Nothing is sure here, I was yesterday with my lawyer, asking him what and IF i could do against my ex boss, and the answer was just "nothing, if you aren't rich enough to risk a loss and pay a 2 years bill to his lawyer". That's all..

The only sure thing here is my will, and sincerely I think that's a good point to start.
I have planned everything from here to the end of the year.
If things go wrong.. Well at least I'm learning and having fun .

Lrt
"Every battle is won before it's fought."
  • #11,417
  • Jul 17, 2014 11:21am Jul 17, 2014 11:21am
Quoting Lrt.Ita
{quote} The only sure thing here is my will, and sincerely I think that's a good point to start. I have planned everything from here to the end of the year. If things go wrong.. Well at least I'm learning and having fun . Lrt
how good mental attitude, lrt. I'm impressed. We are behind you. I strongly believe your will is your real capital.
My hope has been almost completely shattered, but not completely yet
  • #11,418
  • Jul 17, 2014 11:23am Jul 17, 2014 11:23am
Quoting Udine
{quote} Sounds good, but there is one problem.... get a fix income regular job (anything that pays for sure) We are talking about Italy... there are no jobs available... men/women, between 20 - 60 cannot find ANY JOB AT ALL..... even the ones with higher education, like university... the situation here is so dramatic.... Udine

sure i know.. but if you willing to do anything i am sure there must be something.. I got a cousin in periga studying to be a nurse.. works 2 days week as a bartender..
waitering jobs.. construction, Starbucks, etc..
it can't be nothing.. gotta go to the distance..
motivation should be there bcz you know your putting the beats together in trading and is only matter of time.. I would lay bricks if i have too when I know i am working on something with great potential and what I am doing now to get there is only temporary as a bridge to get to where I atta be..
Passion, Persist, Patience, Protect
  • #11,419
  • Jul 17, 2014 11:24am Jul 17, 2014 11:24am
Quoting Udine
{quote} Sounds good, but there is one problem.... get a fix income regular job (anything that pays for sure) We are talking about Italy... there are no jobs available... men/women, between 20 - 60 cannot find ANY JOB AT ALL..... even the ones with higher education, like university... the situation here is so dramatic.... Udine
So what do people do? I mean how are people feeding/housing themselves?
Small disciplines repeated with consistency lead to great achievements.
  • #11,420
  • Jul 17, 2014 11:28am Jul 17, 2014 11:28am
Quoting FXEmpire
{quote} sure i know.. but if you willing to do anything i am sure there must be something.. I got a cousin in periga studying to be a nurse.. works 2 days week as a bartender.. waitering jobs.. construction, Starbucks, etc..

too many of those jobs are gone.. and too many of the ones still there... the bosses simply dont pay...

a friend of mine worked 15 years for a notary and due to the crisis, he did not pay the taxes involved in buysing selling real estate, to the government... just ended up in his pocket.. she has not been paid for 300 days....

in the end.. nothing to do.. job gone... no unemployment pay, no salary received... no other job to be found... and when I say nothing I mean nothing...

I tell everybody, to have their children to study and add extra languages (english is bad around here) and leave this damned country...

Italy need a revolution, otherwise its doomed...

Not being pessimistic, simply realistic...

Udine
Sleep less, live fast, as it aint gonna last
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