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As simple as possible: 00 level trading

  • #17,401
  • Sep 4, 2014 5:35am Sep 4, 2014 5:35am
Quoting flx69
{quote} MM, First and foremost - and I think I speak on behalf of many thread members - I cannot thank you enough for your insights and chart analysis. Before getting in a trade, I always start with the MN timeframe and dial down from there. I had made it a custom not to dial down from H1 anymore, with a view to avoiding too much noise. Error !!! Once going down to the M15 level and looking to the left, it´s more than obvious that there was a good reason not to take this trade. I´m not very good at photoshopping charts, but I chucked in some stop...
No trouble at all my friend!

One point I need to make though is that dropping down to an M15 TF from a H1 TF has nothing to do with noise or error since it is generated data.

It will open up your eyes.....

Masterrmind............
Master your Mind then Master your Trades
  • #17,402
  • Sep 4, 2014 5:36am Sep 4, 2014 5:36am
have 3 trades so far...

AUDJPY out by TS +0.5 pip

Attached Image (click to enlarge)
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GBPCHF SL -10 pip

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GBPAUD SL -10 pip

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  • #17,403
  • Sep 4, 2014 5:38am Sep 4, 2014 5:38am
Quoting Qed
my 2 bobs worth again ... I never show my stop loss pt (just asking to be churned) untill Im ITM ... THEN and only then sl at be or + pips ... mind you it requires dicipline or big bank , but never give the suckers an even break IMO ...cheers Q
Actually the stop loss used is a HSL = hidden stop loss so it's not visible to peering eyes as such.

Masterrmind...........
Master your Mind then Master your Trades
  • #17,404
  • Sep 4, 2014 5:40am Sep 4, 2014 5:40am
Quoting Qed
LOVE your total DISCIPLNE UDINE ,, regardless of all the whizz bang bells and whistles ...its rules RULE and PROFITS flow ... thnx M8 uve helped me heaps cheers Q

your welcome, you can send over money for my pension fund anytime

Udine
Sleep less, live fast, as it aint gonna last
  • #17,405
  • Sep 4, 2014 5:41am Sep 4, 2014 5:41am
Quoting Masterrmind
{quote} Yes because it gives a little extra confidence knowing that price needs to completely reverse to take you out! Masterrmind..........
You made a point!
While as with anything DO should be considered a range, not a line. Still it can act as S/R.
  • #17,406
  • Sep 4, 2014 5:45am Sep 4, 2014 5:45am
Quoting Carpathian
{quote} You made a point! While as with anything DO should be considered a range, not a line. Still it can act as S/R.
Yes that's right and you understand now!

Masterrmind...........
Master your Mind then Master your Trades
  • #17,407
  • Sep 4, 2014 5:56am Sep 4, 2014 5:56am
UC, entered long late +6.6 (burpees done )

Cigarguy
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFiM15.png Size: 90 KB
Keep It Simple
  • #17,408
  • Sep 4, 2014 6:15am Sep 4, 2014 6:15am
Trade #2

AUDCHF +5 TP

Trade #3

[Bonus Trade #1]

AUDCHF +5 TP

Attached Image (click to enlarge)
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Trade #4

[Bonus Trade #2]

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 58 KB


Comment: Top 2 trades are consecutive hour trades and examples of what I was talking about earlier and the EA trade was executed prior to any red news!

Done for the day!

Masterrmind...........
Master your Mind then Master your Trades
  • #17,409
  • Sep 4, 2014 6:19am Sep 4, 2014 6:19am
Quoting cigarguy
UC, entered long late +6.6 (burpees done ) Cigarguy {image}
Have you been away on vacation too?

Masterrmind..........
Master your Mind then Master your Trades
  • #17,410
  • Sep 4, 2014 6:22am Sep 4, 2014 6:22am
Quoting Masterrmind
{quote} Have you been away on vacation too? Masterrmind..........
I wish! Bought a new house and been doing that dreaded moving thing!!

Cigarguy
Keep It Simple
  • #17,411
  • Sep 4, 2014 6:26am Sep 4, 2014 6:26am
Quoting cigarguy
{quote} I wish! Bought a new house and been doing that dreaded moving thing!! Cigarguy
Hey cigarguy,

Welcome back and congrats on your new home.

BB
  • #17,412
  • Sep 4, 2014 6:27am Sep 4, 2014 6:27am
Quoting cigarguy
{quote} I wish! Bought a new house and been doing that dreaded moving thing!! Cigarguy
Yes I know all about that!

Not even remotely like a vacation.

There were a couple of good runs in the market but overall fairly tame so you haven't missed all that much.

Masterrmind..........
Master your Mind then Master your Trades
  • #17,413
  • Sep 4, 2014 6:31am Sep 4, 2014 6:31am
Quoting bugyibuci
{quote} Hey cigarguy, Welcome back and congrats on your new home. BB
Thanks appreciate that welcome! I'm now on a lake with my own dock so lots of kyaking after trading hrs.....stress reliever...

Regards,
Cigarguy
Keep It Simple
  • #17,414
  • Sep 4, 2014 6:37am Sep 4, 2014 6:37am
Quoting cigarguy
{quote} Thanks appreciate that welcome! I'm now on a lake with my own dock so lots of kyaking after trading hrs.....stress reliever... Regards, Cigarguy

are we all invited for the house warming party ???

I'll bring a few beers..

Udine
Sleep less, live fast, as it aint gonna last
  • #17,415
  • Sep 4, 2014 6:39am Sep 4, 2014 6:39am
Quoting cigarguy
{quote} Thanks appreciate that welcome! I'm now on a lake with my own dock so lots of kyaking after trading hrs.....stress reliever... Regards, Cigarguy
Very nice . I used to do kayaking up in Maine (Casco), but here in the UK I don't have many opportunities.
Enjoy your break.

Regards,
BB
  • #17,416
  • Sep 4, 2014 6:40am Sep 4, 2014 6:40am
Quoting Masterrmind
{quote} Yes I know all about that! Not even remotely like a vacation. There were a couple of good runs in the market but overall fairly tame so you haven't missed all that much. Masterrmind..........
Thanks for the info and yes, moving is a PIA finally got my internet up yesterday. Glade to see you guys making good pips and thanks for saving me a few.......

Regards,
Cigarguy
Keep It Simple
  • #17,417
  • Sep 4, 2014 6:44am Sep 4, 2014 6:44am
Quoting Udine
{quote} are we all invited for the house warming party ??? I'll bring a few beers.. Udine
You betcha!! All welcomed to sunny Arizona. Yesterdays high 114 F.......... need plenty of beer and shade.

Cigarguy
Keep It Simple
  • #17,418
  • Sep 4, 2014 6:47am Sep 4, 2014 6:47am
please send AIR FARE ... hang on too much to do around new abode too, no time to spit ...
Whats That? you're trading What?
  • #17,419
  • Sep 4, 2014 6:49am Sep 4, 2014 6:49am
Holy crap just made 80 pips on demo with that news hit... (sorry for OT lol)
  • #17,420
  • Sep 4, 2014 6:51am Sep 4, 2014 6:51am
mmmm so thats what cause spike in gold .... screwed me to the s/l
Whats That? you're trading What?
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