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As simple as possible: 00 level trading

  • #16,921
  • Aug 28, 2014 9:46pm Aug 28, 2014 9:46pm
Quoting javaboy
{quote} Hey there,which script are you using? Can you share that?Thanks
I often rewrite my scripts to realize what I want to do. For example, I change risk. I change expiration dates. To use it correctly and safely you must be able to read the codes. Pip can be different when we use different brokers. My codes are not safe if you use them blindly. So I won't share them unless I improve them for newbies. I won't refer to my scripts until then.
My hope has been almost completely shattered, but not completely yet
  • #16,922
  • Aug 28, 2014 9:59pm Aug 28, 2014 9:59pm
Just getting started with this system. First day of trades were 2 TP. Hopefully many more to come! Glad to be here.
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  • #16,923
  • Aug 28, 2014 11:09pm Aug 28, 2014 11:09pm
Quoting navk
{quote} Hi Master, You Seem to be going with great guns with this method. Nice. Now that you are in this system for last 2 months or so. How is the a/c growth ? Do you use spread sheet to monitor growth ? I too use the same method, but one difference, I take trades even if Daily is green but hourly is red. A ll other rules are same as per this method. Nice going for me too for the last 7 weeks. Hopefully I will see some millions in the next few years with this 2 % per day spread sheet.
Growth has been very good and well over 2% per day so you can make an estimate of my account growth although I need to say that for the first couple of weeks my TP % gain per trade varied from the 2 initial trades being say 1% each of available equity to bonus trades being anywhere from 1/4 to 1/2 of "usual" position size which was later stepped up. This variance also alters the net loss expected from TS and BE trades since the position size may alter.

Since getting a very good grip on the 00 level trading method and applying "market wit" usually but not always my initial 2 trades are @ 1% each and bonus trades @ 0.5%. However, the lot sizes I trade may also change relative to how likely I think the trade will hit TP (I rate each trade as I see it based on it's merits).

ps. I most certainly use spread sheets to monitor growth and love plotted data on graphs, after all I have a very strong maths background!

Great to hear that you too are doing very well applying this method.

Masterrmind...........
Master your Mind then Master your Trades
  • #16,924
  • Aug 28, 2014 11:15pm Aug 28, 2014 11:15pm
Quoting Superstition
Just getting started with this system. First day of trades were 2 TP. Hopefully many more to come! Glad to be here. {image}
Excellent start!

Now continue to apply WUKAR!

Masterrmind........
Master your Mind then Master your Trades
  • #16,925
  • Aug 28, 2014 11:24pm Aug 28, 2014 11:24pm
Arvo MM , you dont find the detailed report available on mt4 enuff?
Whats That? you're trading What?
  • #16,926
  • Aug 28, 2014 11:43pm Aug 28, 2014 11:43pm
Quoting Qed
Arvo MM , you dont find the detailed report available on mt4 enuff?
Everyone has their own tastes when it comes to analysis ....

Masterrmind........
Master your Mind then Master your Trades
  • #16,927
  • Aug 28, 2014 11:46pm Aug 28, 2014 11:46pm
Does doing that position analysis actually help you when it comes to pulling the trigger ...(.just wondering )
Whats That? you're trading What?
  • #16,928
  • Aug 29, 2014 12:46am Aug 29, 2014 12:46am
Anyone keeping away from the markets today? Liquidity across all the pairs seems to be down. People already taking off for the long weekend?
  • #16,929
  • Aug 29, 2014 1:03am Aug 29, 2014 1:03am
Quoting Qed
Does doing that position analysis actually help you when it comes to pulling the trigger ...(.just wondering )
All relevant chart analysis gives you the information you need to pull or not pull the trigger.

Chart analysis is the very backbone of my trading.

Everything matters on the chart.....PA, S+R, pivots and how it all lines up with the 00 levels.

Masterrmind.......
Master your Mind then Master your Trades
  • #16,930
  • Aug 29, 2014 1:04am Aug 29, 2014 1:04am
GBPJPY TS
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The problem is not giving offence but taking offence!
  • #16,931
  • Aug 29, 2014 1:11am Aug 29, 2014 1:11am
Quoting Dave.Z
Anyone keeping away from the markets today? Liquidity across all the pairs seems to be down. People already taking off for the long weekend?
They'll most likely turn up for London Open and the NY Open and trade those sessions.

Opportunities are always waiting around every corner you just need to be there at the right time to grab one!

Masterrmind..........
Master your Mind then Master your Trades
  • #16,932
  • Aug 29, 2014 1:17am Aug 29, 2014 1:17am
Quoting Masterrmind
{quote} They'll most likely turn up for London Open and the NY Open and trade those sessions. Opportunities are always waiting around every corner you just need to be there at the right time to grab one! Masterrmind..........
Ah okay. Well its an unusually quiet Frankfurt open today
  • #16,933
  • Aug 29, 2014 1:17am Aug 29, 2014 1:17am
Quoting Patron
EURNZD tp 5.5 pips AUDNZD tp 5.5 pips NZDJPY tp 5.5 pips NZDUSD tp 5.5 pips EURNZD tp 5.5 pips (BIS) {image} {image} {image} {image} {image}
really really good job!!! Thats what I call an asian session
  • #16,934
  • Aug 29, 2014 1:22am Aug 29, 2014 1:22am
good morning all...

back from holidays and back to trading next week..
probably a week on demo to get into the flow..

will reply to the PM's first

Stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #16,935
  • Aug 29, 2014 1:28am Aug 29, 2014 1:28am
I see a lot of non related stuff going on..

stick to the basics...

I was absent in August for a reason... and i still see a lot of people trading, including a lot of pairs i dont, and then complain about losses...

but each to his/her own..

I will stick to my rules and I will be fine.. PDF & BCC

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #16,936
  • Aug 29, 2014 1:29am Aug 29, 2014 1:29am
Quoting Udine
good morning all... back from holidays and back to trading next week.. probably a week on demo to get into the flow.. will reply to the PM's first Stay green Udine
Hope your vacation went well Udine.

It's great to have you back that's for sure.

Now you need to play catch up........just joking!

All the best,

Masterrmind.......
Master your Mind then Master your Trades
  • #16,937
  • Aug 29, 2014 1:32am Aug 29, 2014 1:32am
Quoting Masterrmind
{quote} Hope your vacation went well Udine. It's great to have you back that's for sure. Now you need to play catch up........just joking! All the best, Masterrmind.......

vacation was great...thx

have been reading the thread once in a while, so no need to play catch up

btw you are doing great... well done !!

Udine
Sleep less, live fast, as it aint gonna last
  • #16,938
  • Aug 29, 2014 1:44am Aug 29, 2014 1:44am
Quoting Udine
good morning all... back from holidays and back to trading next week.. probably a week on demo to get into the flow.. will reply to the PM's first Stay green Udine
Welcome back.
The problem is not giving offence but taking offence!
  • #16,939
  • Aug 29, 2014 1:45am Aug 29, 2014 1:45am
Quoting Udine
{quote} vacation was great...thx have been reading the thread once in a while, so no need to play catch up btw you are doing great... well done !! Udine
A couple of days earlier this week saw very few opportunities in my eyes with only a couple of trades being made.

[In general I've left the Asian session largely alone in August for reasons we are all well aware of.]

Wednesday on the other hand was a day when everything just fell into place and it was traders paradise!

All the chart analysis lined up perfectly with the 00 levels and it was truly memorable.....a great feeling when the timing is right!

Masterrmind..........
Master your Mind then Master your Trades
  • #16,940
  • Aug 29, 2014 1:46am Aug 29, 2014 1:46am
hi masterrmind:
I have some mistake this morning.ts.the fps meter pairs were on top and bottom and psy was four red and price break first oolevel.but nzdusd reversaled?
can you tell me what happened?
thank you!
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