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As simple as possible: 00 level trading

  • #15,621
  • Aug 8, 2014 4:04am Aug 8, 2014 4:04am
Waked up 1 hour ago. So far no trades for me. All pairs I'm scanning seems to reached their high/low already. Let's play the patience game and wait for some opportunities. If they will not come, then no trades for me overall.
  • #15,622
  • Aug 8, 2014 5:01am Aug 8, 2014 5:01am
Trade #6

AUDNZD out by TS (+1)

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Comment: another TS but a good trade that simply didn't hit TP for me!

Masterrmind...........
Master your Mind then Master your Trades
  • #15,623
  • Edited 5:34am Aug 8, 2014 5:17am | Edited 5:34am
Quoting Masterrmind
Trade #6 AUDNZD out by TS (+1) {image} Comment: another TS but a good trade that simply didn't hit TP for me! Masterrmind...........

MM,

Appears you had 3 TS's hit this AM. I have had similar several times only to have PA hit my TS and then quickly continue to TP. I understand Udine's system mindset but I'm going to test some widening. Any thoughts? I never used TS's for years only now with this system!

Cigarguy
Keep It Simple
  • #15,624
  • Aug 8, 2014 5:34am Aug 8, 2014 5:34am
Trade #2 EJ, #3 AJ, #4 NJ and #5 GJ TP.

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Last night JPY was strong and I bought. Today opposite, JPY weak sold all! Nice trading the JPY!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,625
  • Aug 8, 2014 5:38am Aug 8, 2014 5:38am
Quoting JibalaPasan
Trade #2 EJ, #3 AJ, #4 NJ and #5 GJ TP. {image} {image} {image} {image} Last night JPY was strong and I bought. Today opposite, JPY weak sold all! Nice trading the JPY! Jibala
Hi Jibala, do you ever take a loosing trade?
  • #15,626
  • Aug 8, 2014 5:38am Aug 8, 2014 5:38am
Quoting JibalaPasan
Trade #2 EJ, #3 AJ, #4 NJ and #5 GJ TP. {image} {image} {image} {image} Last night JPY was strong and I bought. Today opposite, JPY weak sold all! Nice trading the JPY! Jibala
Good job reading JPY nice trades

Cigarguy
Keep It Simple
  • #15,627
  • Aug 8, 2014 5:41am Aug 8, 2014 5:41am
Quoting Callum
{quote} Hi Jibala, do you ever take a loosing trade?
Yes, long time ago on GU!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,628
  • Aug 8, 2014 5:43am Aug 8, 2014 5:43am
AU, is moving up nicely from RWL, H4 low and half number .92500 so set a pending buy @ .92800 and watching carefully

Cigarguy
Keep It Simple
  • #15,629
  • Aug 8, 2014 5:46am Aug 8, 2014 5:46am
Any idea why sometimes SL is not set by the script? Running mt4 Build 646 on Win 8.1. Maybe I have to reinstall!?

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,630
  • Aug 8, 2014 5:51am Aug 8, 2014 5:51am
Quoting cigarguy
AU, is moving up nicely from RWL, H4 low and half number .92500 so set a pending buy @ .92800 and watching carefully Cigarguy
It's level 4 above DO already, I will not take. Additional 800 seems to be resistance zone (R1)!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,631
  • Aug 8, 2014 5:53am Aug 8, 2014 5:53am
Quoting cigarguy
{quote} MM, Appears you had 3 TS's hit this AM. I have had similar several times only to have PA hit my TS and then quickly continue to TP. I understand Udine's system mindset but I'm going to test some widening. Any thoughts? I never used TS's for years only now with this system! Cigarguy
When I first started trading this method over a 2 week high intensity period I actually traded the first week with TS activated and the second week without TS activation just to compare the 2 styles and although it is only over a 2 week period I found that my trading results for each of the 2 weeks were almost identical.

Statistically you would need a longer time range to draw any realistic conclusions about TS use or non-use but when you a few TS's one after the other just to see TP hit shortly after it does make you think.

The TS on occasion also has the benefit of providing protection against trades that might have otherwise gone to SL.

I guess the decision is yours to make ultimately.

Masterrmind...........
Master your Mind then Master your Trades
  • #15,632
  • Aug 8, 2014 5:54am Aug 8, 2014 5:54am
Quoting JibalaPasan
{quote} Yes, long time ago on GU! Jibala
Hi Jibala! I see we have extremely different daily opens, for example my DO on EJ is 136.400, on GJ is 171.800 etc.
Did you change the settings with a specific reason or is it just because of your broker time zone?
With such differences in daily opens the point of view we have on the markets based on this strategy changes completely.


Lrt
"Every battle is won before it's fought."
  • #15,633
  • Aug 8, 2014 5:59am Aug 8, 2014 5:59am
Trade #7

EURCAD out by TS (+1)

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Comment: Another TS .......hmmm!

Masterrmind...........
Master your Mind then Master your Trades
  • #15,634
  • Aug 8, 2014 5:59am Aug 8, 2014 5:59am
Quoting Lrt.Ita
{quote} Hi Jibala! I see we have extremely different daily opens, for example my DO on EJ is 136.400, on GJ is 171.800 etc. Did you change the settings with a specific reason or is it just because of your broker time zone? With such differences in daily opens the point of view we have on the markets based on this strategy changes completely. Lrt
I didn't change anything! It's my broker time zone -5 and me +8. Its very ok for me, everything works fine, pretty good results!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,635
  • Aug 8, 2014 6:04am Aug 8, 2014 6:04am
Quoting JibalaPasan
{quote} It's level 4 above DO already, I will not take. Additional 800 seems to be resistance zone (R1)! Jibala
Yes, next resistance quarter number .92555 but MM's have kept price ranging below .93005 for some time ready for possible run from lows why justcarefully watching. H1 & H4 chart shows bigger picture. Just my opinion!

Cigarguy
Keep It Simple
  • #15,636
  • Aug 8, 2014 6:05am Aug 8, 2014 6:05am
Quoting JibalaPasan
{quote} I didn't change anything! It's my broker time zone -5 and me +8. Its very ok for me, everything works fine, pretty good results! Jibala
I see, your results are godlike!

Thanks,
Lrt
"Every battle is won before it's fought."
  • #15,637
  • Aug 8, 2014 6:10am Aug 8, 2014 6:10am
Quoting Masterrmind
{quote} When I first started trading this method over a 2 week high intensity period I actually traded the first week with TS activated and the second week without TS activation just to compare the 2 styles and although it is only over a 2 week period I found that my trading results for each of the 2 weeks were almost identical. Statistically you would need a longer time range to draw any realistic conclusions about TS use or non-use but when you a few TS's one after the other just to see TP hit shortly after it does make you think. The TS on occasion...

MM,

Thanks for the input Yes agree TS's can be a double edged sword and capital protection is a must so more testing required on my part.

Thanks and Regards,
Cigarguy
Keep It Simple
  • #15,638
  • Aug 8, 2014 6:12am Aug 8, 2014 6:12am
Quoting Lrt.Ita
{quote} I see, your results are godlike! Thanks, Lrt
Tnx Lrt! I am in that lucky position to trade 3 opening sessions as they are Tokyo, London and New York. Monitoring 11 pairs = many opportunities!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,639
  • Aug 8, 2014 6:28am Aug 8, 2014 6:28am
Pending Order Posting Comment; Of course realizing this is not a signal service thread and should not be and not to deviate, are their any suggestions or comments pro or con for traders posting their pending orders and reasoning in lieu of only after the fact posts? Just a thought

Cigarguy
Keep It Simple
  • #15,640
  • Aug 8, 2014 6:41am Aug 8, 2014 6:41am
Quoting cigarguy
Pending Order Posting Comment; Of course realizing this is not a signal service thread and should not be and not to deviate, are their any suggestions or comments pro or con for traders posting their pending orders and reasoning in lieu of only after the fact posts? Just a thought Cigarguy
Interesting idea however this has been knocked on the head previously by Udine.

There have been a couple of times when I have posted my orders in advance documented in this thread which was to prove a point I guess.

I think many traders have posted pending orders at times but usually seeking confirmation from others.

The main idea of this thread is to learn the method and trade it so that you own it and don't have to rely on handouts from anyone else. It could be argued that some traders may choose not to learn the method if pending orders were to be placed and simply use it as a signal service.

Either way an interesting idea!

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