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As simple as possible: 00 level trading

  • #13,561
  • Jul 25, 2014 8:49am Jul 25, 2014 8:49am
Quoting laud
Udine, any trades today?

none...

not a great day with the news, p#ssing around the DO, no one nicely trending... but I had already reached my next milestone, so could relax and plan the next steps..

so I made my self usefull around the house

keep the wife happy, so myself happy

Udine
Sleep less, live fast, as it aint gonna last
  • #13,562
  • Jul 25, 2014 8:49am Jul 25, 2014 8:49am
ey
manual close +3 pips
  • #13,563
  • Jul 25, 2014 8:53am Jul 25, 2014 8:53am
Quoting messiahua
{quote} Can you please share how you determine if it's trending or not, what shows, that momentum slowed down?
The easiest way is by observation.

Simply look at the chart of interest from when PA pushed away hard from a level and notice how quickly price drops (in the case of shorting).

It almost looks like something big and heavy is forcing the price to move down quickly in a very short period of time.

Then when you see PA sitting at a level and not really going anywhere (up or down) then momentum has dried up (PA is not going anywhere)

You should be aware of these occurrences and understand what it is that they are trying to tell you.

Chart time is key here...........plenty of chart time

Masterrmind........
Master your Mind then Master your Trades
  • #13,564
  • Jul 25, 2014 8:54am Jul 25, 2014 8:54am
Quoting oneki
On E/U , I lost again at 1.34300 level. Why is that ?

have you read page 1 post 1 ??

Udine
Sleep less, live fast, as it aint gonna last
  • #13,565
  • Jul 25, 2014 8:54am Jul 25, 2014 8:54am
GU, +5.2 level discretionary trade. (no profit indicator shown this time to keep the peace.....)

Cigarguy
Keep It Simple
  • #13,566
  • Jul 25, 2014 8:56am Jul 25, 2014 8:56am
Quoting Masterrmind
{quote} The easiest way is by observation. Simply look at the chart of interest from when PA pushed away hard from a level and notice how quickly price drops (in the case of shorting). It almost looks like something big and heavy is forcing the price to move down quickly in a very short period of time. Then when you see PA sitting at a level and not really going anywhere (up or down) then momentum has dried up (PA is not going anywhere) You should be aware of these occurrences and understand what it is that they are trying to tell you. Chart time...
thx
  • #13,567
  • Jul 25, 2014 8:56am Jul 25, 2014 8:56am
Quoting Udine
{quote} keep the wife happy, so myself happy Udine
happy wife, happy life
  • #13,568
  • Jul 25, 2014 8:57am Jul 25, 2014 8:57am
Quoting flx69
{quote} Hi there Jibala, How about rule #2 ? flx69
Ok, seems I have to explain my decision. EA was just 3 pips from pivot and EJ still very close DO after 1st cross. Therefore I took 2nd cross.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #13,569
  • Jul 25, 2014 8:57am Jul 25, 2014 8:57am
Quoting cigarguy
GU, +5.2 level discretionary trade. (no profit indicator shown this time to keep the peace.....) Cigarguy
Out of respect [and with all due respect], perhaps you should open your own thread that discusses how you trade. Your trade appears to have no relevance to this method, and you can't include a chart because it doesn't, so I'm not sure why you post anything about it?
Small disciplines repeated with consistency lead to great achievements.
  • #13,570
  • Jul 25, 2014 8:58am Jul 25, 2014 8:58am
Quoting Masterrmind
{quote} The easiest way is by observation. Simply look at the chart of interest from when PA pushed away hard from a level and notice how quickly price drops (in the case of shorting). It almost looks like something big and heavy is forcing the price to move down quickly in a very short period of time. Then when you see PA sitting at a level and not really going anywhere (up or down) then momentum has dried up (PA is not going anywhere) You should be aware of these occurrences and understand what it is that they are trying to tell you. Chart time...
do you look then at M1 charts?
  • #13,571
  • Jul 25, 2014 8:59am Jul 25, 2014 8:59am
Well, this week closes here for me.

Pips balance +0.7, money balance -0.9%.

All the gains I had are in my PDF training, that's good enough.

Have a nice weekend!

Lrt
"Every battle is won before it's fought."
  • #13,572
  • Jul 25, 2014 9:00am Jul 25, 2014 9:00am
Quoting yag
{quote} thx
Just remember that there is a lot more to momentum than the simple explanation I gave. This was mainly to get you to see what it is but deeper explanations are needed to understand with more context.

I'll leave that for another day.

Masterrmind...........
Master your Mind then Master your Trades
  • #13,573
  • Jul 25, 2014 9:00am Jul 25, 2014 9:00am
Quoting Lrt.Ita
Well, this week closes here for me. Pips balance +0.7, money balance -0.9%. All the gains I had are in my PDF training, that's good enough. Have a nice weekend! Lrt
See you Lrt ....all the best to you.

Masterrmind...........
Master your Mind then Master your Trades
  • #13,574
  • Jul 25, 2014 9:03am Jul 25, 2014 9:03am
That's me done for the week.

Have a great weekend everyone whatever it is you plan to do.

See you all next week.

Good Trading.

Masterrmind.............
Master your Mind then Master your Trades
  • #13,575
  • Jul 25, 2014 9:06am Jul 25, 2014 9:06am
ok...this difficult week just +5 pips

happy weekend to all!
  • #13,576
  • Jul 25, 2014 9:06am Jul 25, 2014 9:06am
Quoting Masterrmind
That's me done for the week. Have a great weekend everyone whatever it is you plan to do. See you all next week. Good Trading. Masterrmind.............
Have a nice weekend too, goodnight!

Lrt
"Every battle is won before it's fought."
  • #13,577
  • Jul 25, 2014 9:08am Jul 25, 2014 9:08am
Quoting Masterrmind
Chart time is key here...........plenty of chart time Masterrmind........
Four years almost every day and i don't feel like i can predict future or at least determine if it goes down or up

anyways, thanks
  • #13,578
  • Jul 25, 2014 9:09am Jul 25, 2014 9:09am
00 level on M1 line
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  • #13,579
  • Jul 25, 2014 9:12am Jul 25, 2014 9:12am
Quoting jmflukeiii
{quote} Out of respect [and with all due respect], perhaps you should open your own thread that discusses how you trade. Your trade appears to have no relevance to this method, and you can't include a chart because it doesn't, so I'm not sure why you post anything about it?
jmflukeiii,

Thank you for your comment; Well, I do trade Udine's system/method as a base system, which was a great inspiration on his part to put this system together such as he has done and to share it with all. No system can be traded blindly by just entering on trade levels, as powerful as they are as they also are areas of S & R where pending buy/sells orders are placed. I have seen traders enter on such levels according to the rules and then ask why that trade failed. With that being said the bigger picture must also be observed ie., the daily and H4 charts. That's were discretion must be used for high probability trades.

Regards and Many Pips
Cigarguy
Keep It Simple
  • #13,580
  • Jul 25, 2014 9:21am Jul 25, 2014 9:21am
I have also done many discretionary trades today, and I found it difficult to apply the system of Udine, today. The results have been short, and long risk.
But not to the point post here these trades, because neither are very good, and belong to the thread.
The first round is Asian session losses. In the end I had to recover, making discretionary scalping.
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