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As simple as possible: 00 level trading

  • #13,261
  • Jul 24, 2014 9:27pm Jul 24, 2014 9:27pm
Quoting budidharma19
{quote} Dear Mastermind, Good day,.... I am wishing you can post your template for me,..as I really like it and looks very informative. Thanks in advance,... All the way from Indonesia, Paolo
It's easy to put together yourself.

Start at Post #1 download the zip folders with the Indicators in them and apply them to your chart by referring to my screen shots and simply setting the parameters of each indicator.

Please try it for yourself it's an important and basic skill you need to learn when trading from an MT4 platform.

All the best,

Masterrmind...........
Master your Mind then Master your Trades
  • #13,262
  • Jul 24, 2014 9:34pm Jul 24, 2014 9:34pm
Quoting Masterrmind
{quote} It's easy to put together yourself. Start at Post #1 download the zip folders with the Indicators in them and apply them to your chart by referring to my screen shots and simply setting the parameters of each indicator. Please try it for yourself it's an important and basic skill you need to learn when trading from an MT4 platform. All the best, Masterrmind...........
You're too nice....
Small disciplines repeated with consistency lead to great achievements.
  • #13,263
  • Jul 24, 2014 9:35pm Jul 24, 2014 9:35pm
Quoting Masterrmind
Trade #2 GJ to >+5 TP {image} Masterrmind...........
Good morning, Mastermind and all.
GJ went down from DO line at first in Tokyo session, then bounced back to DO.
In such situation, does it tend to go down again like this trade?
thanks
  • #13,264
  • Jul 24, 2014 9:36pm Jul 24, 2014 9:36pm
Quoting jmflukeiii
{quote} You're too nice....
Yes I guess you are right JM!

I have had so many PM's regarding this same question hence my reason for posting a simple directed response.

Masterrmind...........
Master your Mind then Master your Trades
  • #13,265
  • Jul 24, 2014 9:37pm Jul 24, 2014 9:37pm
Quoting Masterrmind
{quote} Yes I guess you are right JM! I have had so many PM's regarding this same question hence my reason for posting a simple directed response. Masterrmind...........
Templates unfortunately will make no one successful.

But maybe your indicators...... HEY give them all to me!!!
Small disciplines repeated with consistency lead to great achievements.
  • #13,266
  • Jul 24, 2014 9:38pm Jul 24, 2014 9:38pm
Quoting sada69
{quote} Good morning, Mastermind and all. GJ went down from DO line at first in Tokyo session, then bounced back to DO. In such situation, does it tend to go down again like this trade? thanks
Take a look at a chart over a longer time period and you will have your answer.

It's in the charts of every currency pair........find it in the chart!

Look at how PA moves in the Asian session from day to day, week to week and month to month

Analyse it!

Masterrmind............
Master your Mind then Master your Trades
  • #13,267
  • Jul 24, 2014 9:40pm Jul 24, 2014 9:40pm
Quoting jmflukeiii
{quote} Templates unfortunately will make no one successful. But maybe your indicators...... HEY give them all to me!!!
Right again JM .........

The same tpl I use is NOT the secret ingredient sorry to say!

Masterrmind...........
Master your Mind then Master your Trades
  • #13,268
  • Jul 24, 2014 9:43pm Jul 24, 2014 9:43pm
Quoting Masterrmind
{quote} Take a look at a chart over a longer time period and you will have your answer. It's in the charts of every currency pair........find it in the chart! Look at how PA moves in the Asian session from day to day, week to week and month to month Analyse it! Masterrmind............
Okay, got it. I'll learn chart formation more.
Thank you for your reply.
  • #13,269
  • Jul 24, 2014 9:44pm Jul 24, 2014 9:44pm
Trade #3

EA out by TS (again...and this time it hurts a lot ...... price just flew up shortly after! grrrrr!)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


TS........ OUCH!!!!!

Masterrmind...........
Master your Mind then Master your Trades
  • #13,270
  • Jul 24, 2014 9:48pm Jul 24, 2014 9:48pm
Quoting sada69
{quote} Okay, got it. I'll learn chart formation more. Thank you for your reply.
Sounds really good.

The chart will show you how price generally ranges around the DO within a certain number of pips, PA can shoot out 10 to 25 pips from the DO and then retrace back to the DO all inside the Asian session. You must be aware of these patterns because they show up again and again.

Masterrmind..........
Master your Mind then Master your Trades
  • #13,271
  • Jul 24, 2014 9:50pm Jul 24, 2014 9:50pm
Quoting Masterrmind
{quote} Right again JM ......... The same tpl I use is NOT the secret ingredient sorry to say! Masterrmind...........
Alright, back to my hole... take care -
Small disciplines repeated with consistency lead to great achievements.
  • #13,272
  • Jul 24, 2014 9:54pm Jul 24, 2014 9:54pm
Trade #4

Silver - XAGUSD +5 TP

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


Comment: +2% on this silver trade!

Masterrmind...........
Master your Mind then Master your Trades
  • #13,273
  • Jul 24, 2014 9:55pm Jul 24, 2014 9:55pm
Quoting jmflukeiii
{quote} Alright, back to my hole... take care -
See you soon JM.....

Masterrmind...........
Master your Mind then Master your Trades
  • #13,274
  • Jul 24, 2014 9:56pm Jul 24, 2014 9:56pm
WD xag
Whats That? you're trading What?
  • #13,275
  • Jul 24, 2014 9:57pm Jul 24, 2014 9:57pm
for the WUKAR WB EA , it has a parameter for comission , however , the comission for my broker differs with the price , so what should i put ? e.g. i m trading GJ and the spread is around .8 to .2 so what should i put ?
  • #13,276
  • Jul 24, 2014 10:00pm Jul 24, 2014 10:00pm
Quoting Qed
WD xag
Thanks Qed.........had the position size double normal due to the chart looking super good with PA breaking up hard though DO from below to go long @ the 400 level.

Love silver when it moves that is!.......

Masterrmind............
Master your Mind then Master your Trades
  • #13,277
  • Jul 24, 2014 10:01pm Jul 24, 2014 10:01pm
et tu MM .... not quite in sync with xau atm but get em right Udines system/method has given me confidence (4 spi deals this am allTP)
Whats That? you're trading What?
  • #13,278
  • Jul 24, 2014 10:05pm Jul 24, 2014 10:05pm
Quoting Qed
et tu MM .... not quite in sync with xau atm but get em right
Usually they sync up pretty close to each other but not always.


Masterrmind..........
Master your Mind then Master your Trades
  • #13,279
  • Jul 24, 2014 10:08pm Jul 24, 2014 10:08pm
when they do its all systems go never had thje confidence to use pending b4 due to the uncertainty , but with the H1/D1 can see direction easily also the m-candle , I tried to do that a while back as I saw the possability of trading in the box but couldnt work out the predicting size of the m/-candle
Whats That? you're trading What?
  • #13,280
  • Jul 24, 2014 10:25pm Jul 24, 2014 10:25pm
Quoting Qed
when they do its all systems go never had thje confidence to use pending b4 due to the uncertainty , but with the H1/D1 can see direction easily also the m-candle , I tried to do that a while back as I saw the possability of trading in the box but couldnt work out the predicting size of the m/-candle
Just got to use what works for you in the end...........

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