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As simple as possible: 00 level trading

  • #13,081
  • Jul 24, 2014 3:28am Jul 24, 2014 3:28am
WHOA lets all calm down ........UDINE has set some rules .... follow to the letter ..no probs ..... as soon as you DEVIATE or ignore rules you move into % loss territory ... THATS your choice ....cheers Q ... hats off to Udine for the RULES ..
Whats That? you're trading What?
  • #13,082
  • Jul 24, 2014 3:31am Jul 24, 2014 3:31am
Quoting Qed
WHOA lets all calm down ........UDINE has set some rules .... follow to the letter ..no probs ..... as soon as you DEVIATE or ignore rules you move into % loss territory ... THATS your choice ....cheers Q ... hats off to Udine for the RULES ..

your welcome..

you know my price by now... 100K into my pension fund

Udine
Sleep less, live fast, as it aint gonna last
  • #13,083
  • Jul 24, 2014 3:32am Jul 24, 2014 3:32am
Quoting Qed
WHOA lets all calm down ........UDINE has set some rules .... follow to the letter ..no probs ..... as soon as you DEVIATE or ignore rules you move into % loss territory ... THATS your choice ....cheers Q ... hats off to Udine for the RULES ..
Who is not following the rules? Can you elaborate?
  • #13,084
  • Jul 24, 2014 3:35am Jul 24, 2014 3:35am
Quoting panamamike
{quote} Welcome back. I have taken two trades since beginning of Asia. Both winners. Missed 2 other clean setups; however for tracking 21 pairs (due to news and PA) there has not been many opportunities yet today. Yet being the operative word.
While the trading terminal is open and the mind is ready there will always be opportunities.

Let's go get some shall we!

Masterrmind............
Master your Mind then Master your Trades
  • #13,085
  • Jul 24, 2014 3:35am Jul 24, 2014 3:35am
Quoting sj9bp20
.....I have high hopes for E pairs in the next few days. I am expecting EU to fall to the 1.33-- levels (resistance level on daily).
Whenever I start having expectations about where price will go it starts influencing my decisions and I pick trades according to what I think instead of what I see (as Udine pointed out well). Look, this is a scalping system so you essentially should not care where EU will go in the next days. You should only care about where it may go with the highest probability in the next hour.
  • #13,086
  • Jul 24, 2014 3:38am Jul 24, 2014 3:38am
@Udine

I (and others) have had plenty of time to set the pending orders, I know everybody has his/her interpretation and reasons to (not) set a pending order at this level.

Personally, I cannot see a reason not to take it.
Having said that, I took the EJ because I overlooked something (the EU ADR).

Would you consider this a valid setup (GJ short 172.700) ?

Thanks in advance for sharing your view.

flx69
  • #13,087
  • Jul 24, 2014 3:38am Jul 24, 2014 3:38am
Quoting Masterrmind
{quote} While the trading terminal is open and the mind is ready there will always be opportunities. Let's go get some shall we! Masterrmind............
No complaints. Listening to some great tunes, reading a book. Up 2%. Even if nothing else were to come down the pike, it has been more than worthwhile. Every day is another day of experience.
  • #13,088
  • Jul 24, 2014 3:43am Jul 24, 2014 3:43am
Hello everyone.
GJ TP +5pips
I thought this trade was my mistake though...
After GBP red news, H1 candle formed pin bar with long wick.
Attached Image
  • #13,089
  • Jul 24, 2014 3:44am Jul 24, 2014 3:44am
Quoting flx69
@Udine I (and others) have had plenty of time to set the pending orders, I know everybody has his/her interpretation and reasons to (not) set a pending order at this level. Personally, I cannot see a reason not to take it. Having said that, I took the EJ because I overlooked something (the EU ADR). Would you consider this a valid setup (GJ short 172.700) ? Thanks in advance for sharing your view. flx69

i have a pending set..

Udine
Sleep less, live fast, as it aint gonna last
  • #13,090
  • Jul 24, 2014 3:54am Jul 24, 2014 3:54am
Quoting panamamike
{quote} No complaints. Listening to some great tunes, reading a book. Up 2%. Even if nothing else were to come down the pike, it has been more than worthwhile. Every day is another day of experience.
Sounds good.

No matter what level you think you are in trading...... you will learn something new every single day that you trade!

Improving is such a wonderful motivation.

Masterrmind...........
Master your Mind then Master your Trades
  • #13,091
  • Jul 24, 2014 3:57am Jul 24, 2014 3:57am
Quoting Masterrmind
{quote} Sounds good. No matter what level you think you are in trading...... you will learn something new every single day that you trade! Improving is such a wonderful motivation. Masterrmind...........
Improving IS a great motivation. I will always be at a student level in trading.

My 11 month old boy is the best personal motivation though I have a photo of him that appears on my phone with the alarm when I sleep in the afternoon or take a cat nap when things are slow. When I don't feel like getting up, one look is all it takes.
  • #13,092
  • Jul 24, 2014 4:03am Jul 24, 2014 4:03am
Quoting panamamike
{quote} Improving IS a great motivation. I will always be at a student level in trading. My 11 month old boy is the best personal motivation though I have a photo of him that appears on my phone with the alarm when I sleep in the afternoon or take a cat nap when things are slow. When I don't feel like getting up, one look is all it takes.
Perfect motivation!

Masterrmind...........
Master your Mind then Master your Trades
  • #13,093
  • Jul 24, 2014 4:03am Jul 24, 2014 4:03am
Quoting Udine
{quote} i have a pending set.. Udine
Me too, now moved up by 10 pips on .800..
Lrt
"Every battle is won before it's fought."
  • #13,094
  • Jul 24, 2014 4:06am Jul 24, 2014 4:06am
Bonus #1

EA to TP

Attached Image (click to enlarge)
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  • #13,095
  • Jul 24, 2014 4:10am Jul 24, 2014 4:10am
I gotta put Euraud on the roster.. almost everyday it turns positive outcome..
Passion, Persist, Patience, Protect
  • #13,096
  • Jul 24, 2014 4:23am Jul 24, 2014 4:23am
hey Empire ,, u gotta stop losing m8 ...... check the rules ....
Whats That? you're trading What?
  • #13,097
  • Jul 24, 2014 4:25am Jul 24, 2014 4:25am
Quoting Qed
hey Empire ,, u gotta stop losing m8 ...... check the rules ....
what rule did he break?
  • #13,098
  • Jul 24, 2014 4:30am Jul 24, 2014 4:30am
Quoting Qed
hey Empire ,, u gotta stop losing m8 ...... check the rules ....
I find it interesting that you comment like that on someone else's trading. Haven't seen you posting any trades. Just baseless comments on following rules without identifying which rules you believe have been violated. Just sayin'.
  • #13,099
  • Jul 24, 2014 4:37am Jul 24, 2014 4:37am
Quoting Qed
hey Empire ,, u gotta stop losing m8 ...... check the rules ....

what is m8?
Passion, Persist, Patience, Protect
  • #13,100
  • Jul 24, 2014 4:42am Jul 24, 2014 4:42am
Trade #1

EA out by TS

Attached Image (click to enlarge)
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Comment: missed it by the tiniest of margins.

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