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As simple as possible: 00 level trading

  • #18,081
  • Sep 15, 2014 2:25am Sep 15, 2014 2:25am
hi, I am sorry if the question is already here (and it is quite possible), but do you have a grid indicator for mt5? I tried to search google at first, then this forum, but I wasnt lucky. And I am not able to read 900 pages in some reasonable time. thx in advance.
  • #18,082
  • Sep 15, 2014 2:29am Sep 15, 2014 2:29am
Quoting flx69
{quote} Good morning, Nice hat trick.. I trust you feel better ! flx69

si todo bien, gracias

Udine
Sleep less, live fast, as it aint gonna last
  • #18,083
  • Sep 15, 2014 2:31am Sep 15, 2014 2:31am
Bonus trade #2 o/t day: NC out by TS, + 2 pips.

flx69
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  • #18,084
  • Sep 15, 2014 2:34am Sep 15, 2014 2:34am
Quoting Masterrmind
{quote} Mostly it depends on my availability to trade and if I was attending to other matters. When the Asian session is quiet I simply move to other sessions and analyse the charts as they are presented. If I like the trade because it ticks all the boxes for me then I trade it! If not I simply pass and move on to the next potential setup. If you wanted to "simply" add the 2%/trading day to your account then you can be very selective when you trade since the opportunities are usually waiting there for you. You only need to find the best ones and...
Mastermind: I see that you trade so many currencies! How do you decide which currency you going to trade? ADR or with PsyLevels_Dashboard?
  • #18,085
  • Sep 15, 2014 2:47am Sep 15, 2014 2:47am
Trade #1

GBPUSD +5 TP

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Comment: A little late to the London Open today but looks like plenty of winners came from it so well done to those traders!

Masterrmind...........
Master your Mind then Master your Trades
  • #18,086
  • Sep 15, 2014 3:13am Sep 15, 2014 3:13am
EJ out by TS

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #18,087
  • Sep 15, 2014 3:14am Sep 15, 2014 3:14am
Bonus trade #3 o/t day: EJ out by TS @ BE. Lacking push, a real shame.

flx69
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  • #18,088
  • Sep 15, 2014 3:17am Sep 15, 2014 3:17am
Quoting ms119
{quote} Mastermind: I see that you trade so many currencies! How do you decide which currency you going to trade? ADR or with PsyLevels_Dashboard?
I've answered this question before but with such a large thread I doubt it could be easily found so I'll answer it again.

The chart is where I do my final decision making....always!

At the right timing I use the Psy levels dashboard to alert me to the possibility of multiple trades (usually taking 2 or 3 at the same or similar time)

I don't just use 1 chart on 1 screen but several other screens (larger monitors) which contain other pairs of interest.

The main trading terminal controls the pairs and the charts.

Having traded this way for some time now it becomes second nature to me to grab a chart of interest and then analyse it further and make a decision to forget it, analyse it further or open a pending order.

I use multiple techniques and try to be aware of the various obstacles on the chart regarding PA movement (S+R, pivots, DO, levels and sessions, candle patterns etc etc)

Once you've performed chart analysis over and over and over again you will be able to see things you never thought were there!

Get the probability on your side! This doesn't mean you are going to win the trade but it gives you a good head start.

Best part though is that to be successful trading this system and to continue building your account you only need to choose 2 winners out of all the great trades that are presented on the charts in front of you and there are far more than just 2 possible trades (more likely 100's or more)

In a nut shell I scan the charts, find good charts fairly quickly , analyse further and if it ticks all the boxes (ie I like the look of the trade) then I'll trade it.

All the best,

Masterrmind...........
Master your Mind then Master your Trades
  • #18,089
  • Sep 15, 2014 3:22am Sep 15, 2014 3:22am
Quoting flx69
Bonus trade #3 o/t day: EJ out by TS @ BE. Lacking push, a real shame. flx69 {image}

lol, the push down came simple too late

there will be others..

Udine
Sleep less, live fast, as it aint gonna last
  • #18,090
  • Sep 15, 2014 3:39am Sep 15, 2014 3:39am
Looks like the EUR is running a 2-for-1 special today...

flx69
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  • #18,091
  • Sep 15, 2014 3:41am Sep 15, 2014 3:41am
Trade #2 EJ TP.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,092
  • Sep 15, 2014 3:44am Sep 15, 2014 3:44am
Quoting JibalaPasan
Trade #2 EJ TP. {image} Jibala


I take it you didnīt use a TS on this one ?

flx69
  • #18,093
  • Sep 15, 2014 3:45am Sep 15, 2014 3:45am
Quoting flx69
{quote} I take it you didnīt use a TS on this one ? flx69

she is not using TS

Udine
Sleep less, live fast, as it aint gonna last
  • #18,094
  • Sep 15, 2014 3:50am Sep 15, 2014 3:50am
long GJ in 174,50 lost, H1, D1 ASH green...-10pips..
  • #18,095
  • Sep 15, 2014 3:51am Sep 15, 2014 3:51am
Trade #3 EA TP.

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I love that kind of trading!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,096
  • Sep 15, 2014 3:53am Sep 15, 2014 3:53am
Quoting JibalaPasan
Trade #3 EA TP. {image} I love that kind of trading! Jibala

Glad you like it..

Udine
Sleep less, live fast, as it aint gonna last
  • #18,097
  • Sep 15, 2014 4:01am Sep 15, 2014 4:01am
Quoting JibalaPasan
Trade #3 EA TP. {image} I love that kind of trading! Jibala
!



Trade # 1 EC to TP



Greetz Michael
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  • #18,098
  • Sep 15, 2014 4:06am Sep 15, 2014 4:06am
Goodmorning!

I just wanted to say that I'm reading you all everyday, I'm still here .
I made some major modifications to the strategy and now it's a lot more suitable for me.
Finally I'm with a live account, very small anyway.
Last week was super boring for me, and today isn't different.
Maybe because of the JPY bank holiday, or because of the GBP referendum. I see a lot of uncertainty in the 4 pairs (I came back to Udine's basics).
Feels like I'm going to close the day without a single trade. Better grey than red .

Green pips to you all!

Lrt
"Every battle is won before it's fought."
  • #18,099
  • Sep 15, 2014 4:18am Sep 15, 2014 4:18am
Quoting mwsteiner
{quote} ! Trade # 1 EC to TP Greetz Michael {image}
Nice and profitable Michael, but not according to the rules...

The first 00-level crossing of the hour was the .500 level.

flx69
  • #18,100
  • Sep 15, 2014 4:35am Sep 15, 2014 4:35am
Trade #2

AUDNZD +5 TP

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Comment: Done for the day!

Masterrmind............
Master your Mind then Master your Trades
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