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As simple as possible: 00 level trading

  • #19,061
  • Oct 2, 2014 8:28am Oct 2, 2014 8:28am
guys, girls,

have to run some errands..

back later

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #19,062
  • Oct 2, 2014 8:32am Oct 2, 2014 8:32am
Quoting bugyibuci
EJ long: SL (i didn't have the trails stop on hence it has gone to Sl, missing TP by 1 pip.) {image}
Hi Bugyibuci I think we seem to be at similar stages of our learning with this technique. I have taken the TS off of my charts now and if I had done that this week would be +7 from 7 instead of plus 2 minus lots of commission after break even trades but I believe if you are going to trade with out the TS you need to be more patient. There will be better set ups than this one in my opinion. The 137.60 looks to me to be an area of resistance I am waiting for trades where there is no resistance in site with nice PA and then there is easier space to get your 5 pips. Maybe the more experienced traders will give you more info but that's my view hope you don't my my opinion.
  • #19,063
  • Oct 2, 2014 8:35am Oct 2, 2014 8:35am
First trade of the day:
EUR/USD to TP

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veni vidi vici
  • #19,064
  • Oct 2, 2014 8:43am Oct 2, 2014 8:43am
Quoting haircut
{quote} Hi Bugyibuci I think we seem to be at similar stages of our learning with this technique. I have taken the TS off of my charts now and if I had done that this week would be +7 from 7 instead of plus 2 minus lots of commission after break even trades but I believe if you are going to trade with out the TS you need to be more patient. There will be better set ups than this one in my opinion. The 137.60 looks to me to be an area of resistance I am waiting for trades where there is no resistance in site with nice PA and then there is easier...
Hi Haricut,

Thanks for your insight.
I think you are absolutely right. I am having a bad week so far - I am making bad trading decisions and the more I loose the more impatient I become and I look for trades anywhere I can and think it might give me a few pips.
I think I definitively have to practice PDF as this week I let my emotions take over more than I wanted to.
Yes, I must keep in mind that there will always be other/better set ups and we only need two of those for a day!
Thanks
BB
  • #19,065
  • Oct 2, 2014 9:17am Oct 2, 2014 9:17am
GA to TP!. Sorry cant work out how to post my charts
  • #19,066
  • Oct 2, 2014 9:17am Oct 2, 2014 9:17am
Good luck everyone....

Time for rest

Masterrmind........
Master your Mind then Master your Trades
  • #19,067
  • Oct 2, 2014 3:51pm Oct 2, 2014 3:51pm
Quoting Udine
guys, girls, have to run some errands.. back later stay green Udine
G'day Udine,

I am new to the thread and have followed it with interest. I have read through 500 odd pages and understood the principle of the strategy yet putting it all to practice seems to be a different ball game altogether. Anyway, I am hoping that by training LE, RE and plenty of chart time I am able to become as successful and confident in trading this strategy as you and many of your fellow traders have been. Thanks for sharing.

TwoUp
  • #19,068
  • Oct 2, 2014 8:16pm Oct 2, 2014 8:16pm
Quoting TurismoTek
{quote} I understand it was previously mentioned but I didn't feel it was addressed properly. "Patience, price action" Can you define exactly what you mean by price action? Thank you Jibala for posting your trades, All the best, TurismoTek.
It's answered already!

http://www.forexfactory.com/showthre...48#post7774648

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,069
  • Oct 2, 2014 8:21pm Oct 2, 2014 8:21pm
good morning fellow pip hunters .... #1 AJ +5 #2 AJ + 5 ok ok burpees for doing 2nd 1 in same hour
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Whats That? you're trading What?
  • #19,070
  • Oct 2, 2014 8:22pm Oct 2, 2014 8:22pm
Hi Jibala
Do you experienced guys/girls trade non farm pay roll friday the same as any other in that you dont enter and hour before red news or does it make it a bit to unpredictable all day?
Thanks in advance
  • #19,071
  • Oct 2, 2014 8:27pm Oct 2, 2014 8:27pm
I was back late on yesterday and very tired too so I couldn't post my other trades.

Trade #4 AUDCAD + #5 AUDUSD TP.

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My candidates for this morning:

Trade #1 EURJPY + #2 USDJPY TP.

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Have a great day all together!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,072
  • Oct 2, 2014 8:29pm Oct 2, 2014 8:29pm
Nice Going JP
Whats That? you're trading What?
  • #19,073
  • Oct 2, 2014 9:08pm Oct 2, 2014 9:08pm
Guess why I canceled NZDJPY although NZD was much stronger than JPY!

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,074
  • Oct 2, 2014 10:00pm Oct 2, 2014 10:00pm
wasnt actually above the DO no green trend yet?
Whats That? you're trading What?
  • #19,075
  • Edited 11:17pm Oct 2, 2014 10:06pm | Edited 11:17pm
Hi Jibala,


I dod not know what you thought, but what i think :

Many time PA returned from this place .70 ( Resistance)
Generally you keep some pips buffer from DO.
May be worth to take trade after breaking this immeidate resistacne of 0.70 wne price reach to .80

Please put such questions to develop our skills, how to analyse PA and chart

Thanks
  • #19,076
  • Oct 2, 2014 10:39pm Oct 2, 2014 10:39pm
Quoting Qed
wasnt actually above the DO no green trend yet?
If it touches the @700 for entry all will be green. But the whole area around @700 is resistance zone! 24h it could not break the @700. How much risk for mere 5 pips?

My decision for not taking this trade, but still watching it. Maybe there will be a chance on day candle change at 12pm.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,077
  • Oct 2, 2014 11:20pm Oct 2, 2014 11:20pm
I'm a whole four days into trading this strategy, been lurking on this thread all week. Had a few winners and a few losers. Losers come when I'm breaking the rules or chasing, winners come when I stick to the rules, missed opportunities happen when I don't trust the system and don't pull the trigger when a trade satisfies the rules.

I can see a genuine longevity in this method, and will continue trading it for the rest of the year.
  • #19,078
  • Oct 3, 2014 12:30am Oct 3, 2014 12:30am
Ok just got back to pc , did 5 winners 3#bonus AudNzd and walked away and enjoyed the garden .. ok will check the resistance out . cheersQ
Attached Image
Whats That? you're trading What?
  • #19,079
  • Oct 3, 2014 1:25am Oct 3, 2014 1:25am
How do we call this?

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At the end I was not focused enough anymore!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,080
  • Oct 3, 2014 1:27am Oct 3, 2014 1:27am
The Yen was so weak earlier.
With God all things are possible.
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