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As simple as possible: 00 level trading

  • #15,861
  • Aug 12, 2014 12:16am Aug 12, 2014 12:16am
#3 GJ TP I'm outside. Just saw this in my mobile. Don't have the chance to post the chart.
I'm feeling better and better.
  • #15,862
  • Aug 12, 2014 12:44am Aug 12, 2014 12:44am
The other trades of Monday:

Trade #8
EJ SL -10
Attached Image (click to enlarge)
Click to Enlarge Name: 1408120423365554.png Size: 35 KB


Trade #9
GJ TP +5
Attached Image (click to enlarge)
Click to Enlarge Name: 1408121035515556.png Size: 39 KB


Trade #10
UJ TP +5
Attached Image (click to enlarge)
Click to Enlarge Name: 1408121036245558.png Size: 37 KB


Monday　-8.1 pips (4 wins, 3 losses, 3 TPs. All of the losses came from the reversal of EJ)
My hope has been almost completely shattered, but not completely yet
  • #15,863
  • Aug 12, 2014 1:11am Aug 12, 2014 1:11am
Quoting easygoing
The other trades of Monday: Trade #8 EJ SL -10 {image} Trade #9 GJ TP +5 {image} Trade #10 UJ TP +5 {image} Monday　-8.1 pips (4 wins, 3 losses, 3 TPs. All of the losses came from the reversal of EJ)
Reversal? Looks more like trading sideways consolidation to me.
  • #15,864
  • Aug 12, 2014 1:50am Aug 12, 2014 1:50am
Quoting leeshindig
master mind.. do you ever post a losing trade? lol
Yes. If you go back through the thread you will find them they are there documented for your perusal.

Masterrmind.........
Master your Mind then Master your Trades
  • #15,865
  • Aug 12, 2014 2:04am Aug 12, 2014 2:04am
I am in short ej @136.70
  • #15,866
  • Aug 12, 2014 2:06am Aug 12, 2014 2:06am
Quoting fxaus
I am in short ej @136.70
I'm in the same trade. It doesn't look good so far.
  • #15,867
  • Aug 12, 2014 2:06am Aug 12, 2014 2:06am
Quoting billko1977
{quote} Seems as though most here are using strength meters... except maybe for masterrmind. Do you use them or are you purely trend following? Thanks Bill
Strenght meters a really good, I know they work but for me it's for now a no no. Could you or anyone else link a page with the math behind the indicator?

What I use is mostly price action:
- Minor resistance & support
- Big resistance & support
- Double tops & bottoms
- Catching trends up & down
- Candlestick patterns

Goodluck everyone.
  • #15,868
  • Aug 12, 2014 2:15am Aug 12, 2014 2:15am
Quoting Jysticim
{quote} Strenght meters a really good, I know they work but for me it's for now a no no. Could you or anyone else link a page with the math behind the indicator? What I use is mostly price action: - Minor resistance & support - Big resistance & support - Double tops & bottoms - Catching trends up & down - Candlestick patterns Goodluck everyone.
Strength meters are not the whole story but rather a small piece of the jigsaw puzzle.
You need to add to those items what you mentioned above which is a good start to being on the right path.

Applying them correctly at the right time is what makes you successful.

Masterrmind...........
Master your Mind then Master your Trades
  • #15,869
  • Aug 12, 2014 2:20am Aug 12, 2014 2:20am
exactly
  • #15,870
  • Aug 12, 2014 2:21am Aug 12, 2014 2:21am
Quoting fxaus
I am in short ej @136.70
Hello, when did you enter?
  • #15,871
  • Aug 12, 2014 2:52am Aug 12, 2014 2:52am
Trade #1

AUDCAD let's call it BE!

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


Comment: Was looking for a slightly bigger push coming out of London but was not to be.

Masterrmind........
Master your Mind then Master your Trades
  • #15,872
  • Aug 12, 2014 2:52am Aug 12, 2014 2:52am
Quoting Masterrmind
{quote} Strength meters are not the whole story but rather a small piece of the jigsaw puzzle. You need to add to those items what you mentioned above which is a good start to being on the right path. Applying them correctly at the right time is what makes you successful. Masterrmind...........
Can you help me with psylevels_dashboard v2. I searched through the thread but I can only see ver1.
I want to be able to customize the position of the pairs which I can't do on the ver1
Thanks
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #15,873
  • Aug 12, 2014 3:03am Aug 12, 2014 3:03am
Trade #1

Sold GBP/AUD @ 1.81200. TP +5. Sold it because reverse, fat doij (not really good sign tho) and LO when it can reverse a bit more easily thats why I sold it. Not the safest trade to be honest.
Attached Image (click to enlarge)
Click to Enlarge Name: Udine31.png Size: 31 KB
  • #15,874
  • Aug 12, 2014 3:07am Aug 12, 2014 3:07am
Trade #2

Sold EUR/AUD @ 1.44300. TP +5. Just a downtrend, faster going down then expected.
Attached Image (click to enlarge)
Click to Enlarge Name: Udine32.png Size: 30 KB
  • #15,875
  • Aug 12, 2014 3:08am Aug 12, 2014 3:08am
Quoting ejiexe
{quote} Can you help me with psylevels_dashboard v2. I searched through the thread but I can only see ver1. I want to be able to customize the position of the pairs which I can't do on the ver1 Thanks
From my screen shots you will most likely understand that I only use version 1 but I'll see what I can do!

Masterrmind...........
Master your Mind then Master your Trades
  • #15,876
  • Aug 12, 2014 3:12am Aug 12, 2014 3:12am
any suggestion on any best 5 pairs to watch for this system.
  • #15,877
  • Aug 12, 2014 3:12am Aug 12, 2014 3:12am
Trade #2

AUDJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Comment: Taken as a pending order at the same time as AUDCAD. This one all the way to TP!

Masterrmind.........
Master your Mind then Master your Trades
  • #15,878
  • Aug 12, 2014 3:13am Aug 12, 2014 3:13am
Just a question to all of you, I am thinking of a really really good MM but I need some research.

What were you most loses in a row on 1 pair with legit entry's etc.
  • #15,879
  • Aug 12, 2014 3:15am Aug 12, 2014 3:15am
Quoting Adeleke
any suggestion on any best 5 pairs to watch for this system.
Try the 4 main ones EJ, GJ, EU and GU

and add a high ADR pair from a session that you prefer to trade.

Example:

If Tokyo try high ADR AUD or JPY
If London try high ADR EUR, GBP etc
If New York try high ADR USD, CAD etc

ps. In the end you will find a pair that you like and really it could be any pair in any session.

Masterrmind...........
Master your Mind then Master your Trades
  • #15,880
  • Aug 12, 2014 3:15am Aug 12, 2014 3:15am
Quoting Jysticim
Trade #2 Sold EUR/AUD @ 1.44300. TP +5. Just a downtrend, faster going down then expected. {image}
For the sake of the thread this was against rule 7 "No trading 1 hour before RED NEWS on the pair".
Nice one though as many others that may work against the rules.
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