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As simple as possible: 00 level trading

  • #18,041
  • Sep 12, 2014 9:38am Sep 12, 2014 9:38am
Quoting stanvy
{quote} thanks Mastermind, appreciate
I'd post here for you to download straight away except for the reason that there are already a number of the same s/ware posted.

If you have trouble finding it just let me know and I'll help you more.

Masterrmind............
Master your Mind then Master your Trades
  • #18,042
  • Sep 12, 2014 9:39am Sep 12, 2014 9:39am
Hi Mastermind,

I noticed a lot off your trades are reversals, after looking into it a little i see big potential in these type off trades combined with the rules off this thread.
Thanks for posting all the charts.
Persistence will get it. Consistency will keep it.
  • #18,043
  • Sep 12, 2014 9:50am Sep 12, 2014 9:50am
Quoting flx69
{quote} Michael, Although itīs not a rule in the 00-level system, I would advise against trading all pairs during US red news. Iīve traded many pairs and itīs very much a lottery due to unexpected fluctuations... flx69

Thanks again Flx!!

Michael
  • #18,044
  • Sep 12, 2014 9:54am Sep 12, 2014 9:54am
Quoting Chake
Hi Mastermind, I noticed a lot off your trades are reversals, after looking into it a little i see big potential in these type off trades combined with the rules off this thread. Thanks for posting all the charts.
You had better believe that my friend!

I use very powerful reversal techniques so often it should be very obvious.

Master these little setups and you will be well on your way!

Good observation.......

Masterrmind........
Master your Mind then Master your Trades
  • #18,045
  • Sep 12, 2014 9:58am Sep 12, 2014 9:58am
hi Mastermind,

do you mind to share where can we learn up the reversal technique that you use?
  • #18,046
  • Sep 12, 2014 10:03am Sep 12, 2014 10:03am
That's all from me....

Enjoy your weekend when you finally get there and until that time i hope you are very profitable.

Have a great weekend everyone!

Time for rest!

Masterrmind..........
Master your Mind then Master your Trades
  • #18,047
  • Sep 12, 2014 10:04am Sep 12, 2014 10:04am
Okay guys I am finished for the week. I only had one trade today but at least that was +1%. Didn't want to trade after the news on the EJ,GJ,EU,GU pair as the charts were very unpredictable.

Have a good weekend everyone

BB.
  • #18,048
  • Sep 12, 2014 10:33am Sep 12, 2014 10:33am
Quoting Duggerss
because of this difference I got SL
to be fair,
when you get the TP, is that also due the difference?

timezone shouldn't matter that much, but if yes, then you can pick the desired hourly candle corresponding with the timezone you like...ie. if your broker is GMT+3 just pick the 4th 1H candle opening time, draw a horizontal line, and wow, you got the GMT timezone Daily Opening line.
just the same adjust for the desired timezone, and you cant tell anymore that "because of this difference I got SL"

else:
I still very much like this thread, but as some mentioned, the risk/reward ( and the slippage) makes it tough to come out ahead, unless you are really great to pick your trades. Mastermind is an example for such.
the same time I think it is just fair not to post up trades that one way or another violate Udine's rules, if nothing but from out of respect.
Be it 10 pips TP, no SL, or bunch or colorful indicators or meters, or whatnots.
I also agree with that everyone need to shape things to their own, but maybe those would already require a new thread.
there is always, always another trade!!
  • #18,049
  • Sep 12, 2014 12:51pm Sep 12, 2014 12:51pm
NY time was good but i was out
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1 7.png Size: 77 KB
  • #18,050
  • Sep 12, 2014 1:08pm Sep 12, 2014 1:08pm
EJ was nice on NY TIME
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1 4.png Size: 77 KB
  • #18,051
  • Sep 12, 2014 1:43pm Sep 12, 2014 1:43pm
Quoting Juan007
EJ was nice on NY TIME {image}
Damn,
Looking at your chart...I think I need to be more deliberate with my purple from now on.

However you are right, only NY has some decent action today.

Happy weekend!
there is always, always another trade!!
  • #18,052
  • Edited 4:52pm Sep 12, 2014 4:03pm | Edited 4:52pm
Quoting JibalaPasan
{quote} I just wait on signal to enter a trade! {image} {image} Gud luck to all! Jibala
Hi Jib, did at any time you shorted the AUDCHF pair because the Swiss Franc was very strong and the Aussie was the the opposite.However, patience grew thin and I bailed out with a small win.I was a bit tired so I retire to bed before London opening.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NetStock ECN.png Size: 129 KB
Click to Enlarge Name: AUDCHFH1.png Size: 39 KB
With God all things are possible.
  • #18,053
  • Sep 12, 2014 9:57pm Sep 12, 2014 9:57pm
Quoting Dehyah
{quote} Hi Jib, did at any time you shorted the AUDCHF pair because the Swiss Franc was very strong and the Aussie was the the opposite.However, patience grew thin and I bailed out with a small win.I was a bit tired so I retire to bed before London opening. {image} {image}
No, we do not monitor the AUDCHF, but since the AUD was very weak all the time one could buy / sell almost all against it.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,054
  • Edited 1:43am Sep 13, 2014 12:51am | Edited 1:43am
Quoting JibalaPasan
{quote} No, we do not monitor the AUDCHF, but since the AUD was very weak all the time one could buy / sell almost all against it. Jibala
I notice that you use the trend from the higher time frame moving averages and get in at the next 00 that is close to the daily opening line.
Are you using a modified PsyLevels Dashboard where the Start hour can be changed?
With God all things are possible.
  • #18,055
  • Sep 13, 2014 4:53am Sep 13, 2014 4:53am
Quoting Dehyah
{quote} I notice that you use the trend from the higher time frame moving averages and get in at the next 00 that is close to the daily opening line. Are you using a modified PsyLevels Dashboard where the Start hour can be changed?
No, I do not have and also do not need a modified PsyLevels. It just works accordingly to the UFX TREND multiMeter and the daily candle.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,056
  • Sep 13, 2014 6:20am Sep 13, 2014 6:20am
Quoting Masterrmind
Trade #4 [Bonus Trade #2] EURAUD +5 TP {image} Masterrmind..........
just having a look back thru posts ..nice pin bar reversal there MM as welll cheers Q
Whats That? you're trading What?
  • #18,057
  • Edited 2:22am Sep 14, 2014 2:05am | Edited 2:22am
Quoting JibalaPasan
{quote} No, I do not have and also do not need a modified PsyLevels. It just works accordingly to the UFX TREND multiMeter and the daily candle. Jibala
Well, most of your previous taken trades line up with the moving averages on my chart which are always trending.Thanks much for the assistance.
With God all things are possible.
  • #18,058
  • Sep 14, 2014 12:18pm Sep 14, 2014 12:18pm
Quoting Juan007
EJ was nice on NY TIME {image}
Juan, you win the prize for charting LCF (Look Cool Factor).
  • #18,059
  • Sep 14, 2014 10:48pm Sep 14, 2014 10:48pm
Gud morning traders!

50% done for today. A trade in slow motion, but finally only the result counts. GJ to TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.09.15_11h42m00s_002_.png Size: 26 KB


A nice week and lots of green pips to all of you!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,060
  • Sep 15, 2014 1:00am Sep 15, 2014 1:00am
Quoting JibalaPasan
Gud morning traders! 50% done for today. A trade in slow motion, but finally only the result counts. GJ to TP. {image} A nice week and lots of green pips to all of you! Jibala
What happened with the trade on the previous bar? Did you close the trade or take a Loss?
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