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As simple as possible: 00 level trading

  • #18,261
  • Sep 17, 2014 4:10am Sep 17, 2014 4:10am
Quoting Udine
{quote} well done... you must be tired Udine
Haha..........

Masterrmind............
Master your Mind then Master your Trades
  • #18,262
  • Sep 17, 2014 4:29am Sep 17, 2014 4:29am
GJ long @ 174.800 TS 0.5 pips
GU long @ 1.6300 TP + 5 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ.jpg Size: 181 KB
Click to Enlarge Name: GU.jpg Size: 124 KB
  • #18,263
  • Sep 17, 2014 5:07am Sep 17, 2014 5:07am
GJ +5 TP
Done for day !
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_TP.jpg Size: 120 KB
Porta itineris dicitur longissima esse
  • #18,264
  • Sep 17, 2014 5:20am Sep 17, 2014 5:20am
Trade #1 + #2 EA TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.09.17_18h10m19s_003_.png Size: 28 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,265
  • Sep 17, 2014 5:20am Sep 17, 2014 5:20am
Quoting finfresh
Tried two trades today at London Open (one got triggered at the end of Frankfurt). Still in the process of getting a demo account with lower spreads, hence the reason the spreads are high (and the spreads shown weren't the actual spreads at the time the trades were taken). EURAUD Long at 1.4370 - SL (Open wasn't quite on 00 level due to spread) - Thought price would bounce up again after the re-trace, but it went south. The second hour long entry looks alot better in hindsight, after the two long bodied candles. {image} USDCAD Long at 1.1070 - SL...
Couple of things ther I notice FIN ur going a lot on "I thought" where in UDINES rules does "I thought " get a mention ? play by the rules M8 good fortune QED
Whats That? you're trading What?
  • #18,266
  • Sep 17, 2014 5:27am Sep 17, 2014 5:27am
GBPAUD LONG @.600 +5 TP.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB

An M5 pull-up entry after the news put GU down.

GJ LONG @.800 +5 TP.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 28 KB

Same as above.

GU LONG @1.6300 +5 TP.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 28 KB

Same as above.

NU SHORT @.800 -5 manual SL.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 30 KB

Entry: breakdown of H1 retrace.
Exit: slow and weak PA made me exit with half loss after already having three good ones.
  • #18,267
  • Sep 17, 2014 5:32am Sep 17, 2014 5:32am
Carpathian WOW ..pic 1 PINBAR ...pic 2 ENGULFING pic3 ENGULFING pic 4 "what" bloody WELL DONE imo cheers Q
Whats That? you're trading What?
  • #18,268
  • Edited 6:35am Sep 17, 2014 5:32am | Edited 6:35am
Today 4 trades - 2 TP and 2 BE ( both ended in TP). I managed trades manually.
At a time 2 trades max opened. Nice method Udine. Thanks.
Do not know which EA is good to manage trades individually for each chart for this system. Have other longer TF trades open.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD+17sep14-udine.png Size: 90 KB
Click to Enlarge Name: CADJPY+14sep14-udine.png Size: 78 KB
Click to Enlarge Name: EURGBP+17sep14-udine.png Size: 78 KB
Click to Enlarge Name: GBPCHF+17sep14-udine.png Size: 83 KB
  • #18,269
  • Sep 17, 2014 5:37am Sep 17, 2014 5:37am
Quoting Carpathian
GBPAUD LONG @.600 +5 TP. {image} An M5 pull-up entry after the news put GU down. GJ LONG @.800 +5 TP. {image} Same as above. GU LONG @1.6300 +5 TP. {image} Same as above. NU SHORT @.800 -5 manual SL. {image} Entry: breakdown of H1 retrace. Exit: slow and weak PA made me exit with half loss after already having three good ones.
It was not a bad idea to go short, but the wrong time maybe. I'll have a look on it a bit later since too close at DO at current time.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.09.17_18h31m34s_004_.png Size: 25 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,270
  • Sep 17, 2014 5:40am Sep 17, 2014 5:40am
thats a sneaky range indicator on the left Jibala ..looks like it serves you well
Whats That? you're trading What?
  • #18,271
  • Sep 17, 2014 5:50am Sep 17, 2014 5:50am
Quoting Qed
Carpathian WOW ..pic 1 PINBAR ...pic 2 ENGULFING pic3 ENGULFING pic 4 "what" bloody WELL DONE imo cheers Q
Thanks Qued!

I forgot to say hello to All, so hello to All and happy trading!
  • #18,272
  • Sep 17, 2014 5:51am Sep 17, 2014 5:51am
Great setups Masterrmind!

Bounce off the DO is one to look out for
Persistence will get it. Consistency will keep it.
  • #18,273
  • Sep 17, 2014 5:51am Sep 17, 2014 5:51am
Quoting JibalaPasan
{quote} It was not a bad idea to go short, but the wrong time maybe. I'll have a look on it a bit later since too close at DO at current time. {image} Jibala
Yeah, the timing... always the timing.
  • #18,274
  • Sep 17, 2014 5:53am Sep 17, 2014 5:53am
Trade #3 [Bonus trade #1]

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Trade #4 [Bonus trade #2]

AUDUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 51 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #18,275
  • Sep 17, 2014 5:55am Sep 17, 2014 5:55am
Quoting Chake
Great setups Masterrmind! Bounce off the DO is one to look out for
Yes indeed!

Masterrmind...........
Master your Mind then Master your Trades
  • #18,276
  • Sep 17, 2014 6:02am Sep 17, 2014 6:02am
EURUSD opened 1,2970, SP - 10 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 31 KB
  • #18,277
  • Sep 17, 2014 6:10am Sep 17, 2014 6:10am
Quoting Masterrmind
Trade #3 [Bonus trade #1] EURAUD +5 TP {image} Trade #4 [Bonus trade #2] AUDUSD +5 TP {image} Masterrmind..........
Nice... Travellin' on the wings of the M15 swings, ain't ya?
  • #18,278
  • Sep 17, 2014 6:50am Sep 17, 2014 6:50am
Quoting Carpathian
{quote} Nice... Travellin' on the wings of the M15 swings, ain't ya?
Precisely right!

Masterrmind..........
Master your Mind then Master your Trades
  • #18,279
  • Sep 17, 2014 7:01am Sep 17, 2014 7:01am
Quoting Masterrmind
{quote} Precisely right! Masterrmind..........
Hi Mastermind;

Tomorrow, with elections in Scotland, you will work (except for Pound) in all pairs?

Regards
  • #18,280
  • Sep 17, 2014 7:05am Sep 17, 2014 7:05am
Okay... now with NYO open coming up but also the red US CPI data as well at NYO+30 mins one may wonder is it worth trying any secondary (non-USD) pairs?
Well last CPI data on 19 Aug made EURUSD move 30 pips in 5 minutes, so only if you think about whether the USD related pairs react just 5-10 pips differently to the change in the global USD strength that may come out as a 5-10 pip move on a non-USD pair.
The other point I wanna make is the spread issue I had last Friday at red US news: it is just that spread on some non-USD pairs went up to as 15 pips wide leaving me with 2x15 pip loss on both of my positions.

So I will just not take any positions this NYO however come back with the spread data at news release as my indicator registers that if you are interested.
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