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As simple as possible: 00 level trading

  • #17,941
  • Sep 11, 2014 7:56am Sep 11, 2014 7:56am
Quoting overseaz
{quote} Yes. I decided from the begining to increase profit to 10 pips making RR to 1:1 when I understand the Method better. I feel with this RR it's easier to come back after a losing trade. Today it worked good. May be it's just a lucky day. Alec

I'm on the same side...as it's a trend following system 10 pips TP seems to be quite reasonable. Less stress, at least)
  • #17,942
  • Sep 11, 2014 8:12am Sep 11, 2014 8:12am
entered GJ long @ .600 got SL -10, then after a few minutes it went to TP ...
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_SL.jpg Size: 130 KB
Porta itineris dicitur longissima esse
  • #17,943
  • Sep 11, 2014 8:21am Sep 11, 2014 8:21am
Quoting bubincka
entered GJ long @ .600 got SL -10, then after a few minutes it went to TP ... {image}

why you go long when ASH is red ???

Udine
Sleep less, live fast, as it aint gonna last
  • #17,944
  • Sep 11, 2014 8:22am Sep 11, 2014 8:22am
OK Folks, see you later...
  • #17,945
  • Sep 11, 2014 8:30am Sep 11, 2014 8:30am
I´m out for today guys, happy with my 14.5 pips.

Good luck to everybody !

flx69
  • #17,946
  • Sep 11, 2014 8:32am Sep 11, 2014 8:32am
Quoting Fenderman
{quote} I'm on the same side...as it's a trend following system 10 pips TP seems to be quite reasonable. Less stress, at least)
Let's make it work.
Look for reasons not to take a trade.
  • #17,947
  • Sep 11, 2014 8:33am Sep 11, 2014 8:33am
Quoting Udine
{quote} why you go long when ASH is red ??? Udine
I couldn't resist the previous pin bar that according to PA principles would originate a reversal upward. And in a way it was true, only SL came first.
Anyway good point and since I decided to put ASH on my chart it makes sense for me to follow its indications..
Porta itineris dicitur longissima esse
  • #17,948
  • Sep 11, 2014 8:34am Sep 11, 2014 8:34am
Quoting overseaz
{quote} Let's make it work.
See you guys tomorrow.
Alec
Look for reasons not to take a trade.
  • #17,949
  • Sep 11, 2014 9:08am Sep 11, 2014 9:08am
Adios
Attached Image (click to enlarge)
Click to Enlarge Name: profit.png Size: 13 KB
  • #17,950
  • Sep 11, 2014 9:10am Sep 11, 2014 9:10am
ciao a tutti

Udine
Sleep less, live fast, as it aint gonna last
  • #17,951
  • Sep 11, 2014 9:18am Sep 11, 2014 9:18am
Hello All,

My first 2 trades using the system:
EUR/USD: entry 1.29350 + 5
GBP/JPY : entry 173.600 + 5

Mansan
veni vidi vici
  • #17,952
  • Sep 11, 2014 9:19am Sep 11, 2014 9:19am
Quoting Carpathian
{quote} Hello Chris and Everyone, Ever since I saw this I wanted to reflect on this as you address a very important question. For me this is and has been the biggest issue as well, what is a 'low risk high probability setup'? How do I find them, how do I tell them apart? Okay... so the thoughts I am gonna lay now are my version of trying to define these terms, better say concepts. Just as usual anybody can take it or leave it. Begin with a remark to your's above: the rules we don't have to discover they are laid down on page 1. The right setups,...
Very good reminder;

Thanks!!!
BilboFX
  • #17,953
  • Sep 11, 2014 9:23am Sep 11, 2014 9:23am
Quoting mansan
Hello All, My first 2 trades using the system: EUR/USD: entry 1.29350 + 5 GBP/JPY : entry 173.600 + 5 Mansan

Hi Mansan,

welcome

entries only on 00 levels not 50 levels

Udine
Sleep less, live fast, as it aint gonna last
  • #17,954
  • Sep 11, 2014 9:30am Sep 11, 2014 9:30am
Quoting Udine
{quote} Hi Mansan, welcome entries only on 00 levels not 50 levels Udine
Ouch man, How could I forget, I guess I was to eager to begin trading this system...

Thank you for pointing that out(this is one of the reasons I'm beginning to post,because of the feedback you get from the experienced traders).

Mansan
veni vidi vici
  • #17,955
  • Sep 11, 2014 9:31am Sep 11, 2014 9:31am
It happened again, EU long @ .400 to SL -10 and then to TP. And this time the ASH was OK. Very bad day.. Tomorrow will be better
Attached Image (click to enlarge)
Click to Enlarge Name: EU_SL.jpg Size: 141 KB
Porta itineris dicitur longissima esse
  • #17,956
  • Sep 11, 2014 9:31am Sep 11, 2014 9:31am
4 Trades today

2 SL on EU not my pair?!


Greetz Michael
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1SL.png Size: 86 KB
  • #17,957
  • Sep 11, 2014 9:32am Sep 11, 2014 9:32am
Trade #3 [Bonus Trade #1]

EURJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB


Masterrmind............
Master your Mind then Master your Trades
  • #17,958
  • Sep 11, 2014 9:36am Sep 11, 2014 9:36am
Quoting bubincka
It happened again, EU long @ .400 to SL -10 and then to TP. And this time the ASH was OK. Very bad day.. Tomorrow will be better {image}

look at the 2 previous 1H candles....

no low risk trade...

Udine
Sleep less, live fast, as it aint gonna last
  • #17,959
  • Sep 11, 2014 9:37am Sep 11, 2014 9:37am
Quoting mwsteiner
4 Trades today 2 SL on EU not my pair?! Greetz Michael {image}

EU is my least favorite pair:

1. place EJ & GJ
2. place GU
3. place EU

Udine
Sleep less, live fast, as it aint gonna last
  • #17,960
  • Sep 11, 2014 10:05am Sep 11, 2014 10:05am
Quoting Udine
{quote} look at the 2 previous 1H candles.... no low risk trade... Udine
ya.. not the best scenario...
Porta itineris dicitur longissima esse
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