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As simple as possible: 00 level trading

Hi everyone,

I've been following this thread for some time, and after been successful on the demo, I just switched to a live account.

I want to thank Udine for sharing freely his method with the rest of us and for his time spend helping others.

Here is my first trade on the live account.

EU +5

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Well Done ,, just dont lose FOCUS now ..
Whats That? you're trading What?
Quoting budim2006
Lost trade ........ {image}
My point of view a bit different because of using H1 charts. Red arrow your entry right after bullish candle. Green arrow shows direction is up! Its easy to draw such a trendline and if it breaks again, then enter! Canceled my pending because of a higher low again.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
Nice hints Jp
Whats That? you're trading What?
Quoting flx69
{quote} Verrrry nice and profitable MM. This wasn´t the first 00-level cross though ? My H1 bar opened at .833-ish. flx69
You cannot trade long from the 900 level ...therefore BRN is the next valid level.

Masterrmind.......
Master your Mind then Master your Trades
Quoting Masterrmind
{quote} You cannot trade long from the 900 level ...therefore BRN is the next valid level. Masterrmind.......
You are right MM, but remember some weeks ago, how many blamed me for taking such a trades and told me only 1st break of 00-Level!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
Quoting Masterrmind
{quote} You cannot trade long from the 900 level ...therefore BRN is the next valid level. Masterrmind.......
But is BRN valid for long and short too? If yes, then "12. Distance to BRN > 10 pips (see 5 & 6)" is not true, not?
Quoting JibalaPasan
{quote} My point of view a bit different because of using H1 charts. Red arrow your entry right after bullish candle. Green arrow shows direction is up! Its easy to draw such a trendline and if it breaks again, then enter! Canceled my pending because of a higher low again. Jibala
Thanks Jibala, I thought it will bounce from DO line.........
AJ TS +0.3pips (1 hour before FO)
I'm thinking about stopping using TS, and I'm looking forward to spending enough time to trade. I've been just keeping up.
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My hope has been almost completely shattered, but not completely yet
Quoting easygoing
AJ TS +0.3pips (1 hour before FO) I'm thinking about stopping using TS, and I'm looking forward to spending enough time to trade. I've been just keeping up. {image}
For me TS is not protection but profit killer! TS is ok if you go for long term trades but not scalping! Just my 5 cent.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
Quoting JibalaPasan
{quote} For me TS is not protection but profit killer! TS is ok if you go for long term trades but not scalping! Just my 5 cent. Jibala
I'm beginning to think like you...
My hope has been almost completely shattered, but not completely yet
Quoting JibalaPasan
{quote} For me TS is not protection but profit killer! TS is ok if you go for long term trades but not scalping! Just my 5 cent. Jibala
Hi Jibala,

listening to you and MM that alone make more pips than all of us put together is to think seriously about remove TS.
But first we all need to reach your and MM level of precision in the entering trades.
Porta itineris dicitur longissima esse
agree totally re TS ..5pts scalp is nowhere near wide enuff to run TS IMO,UNLESS ur going to let it run and then set TS starting at ur 5pts profit ,which totally goes aginst the TP+5....Q
Whats That? you're trading What?
Trade #7 CHFJPY + #8 AUDJPY TP.

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I'm done for today / the week. Wish you all a nice weekend!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
Quoting JibalaPasan
{quote} You are right MM, but remember some weeks ago, how many blamed me for taking such a trades and told me only 1st break of 00-Level! Jibala
Then simply direct them to post #1 and keep your chin high in the air because it's clearly by the rules as we see it!

Masterrmind..........
Master your Mind then Master your Trades
Trade #2 AUDJPY TP

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Done for today. Wish you all a nice weekend and good luck to those who are still trading.

Antonis
Quoting bubincka
{quote} Hi Jibala, listening to you and MM that alone make more pips than all of us put together is to think seriously about remove TS. But first we all need to reach your and MM level of precision in the entering trades.
That's the part that simply takes time....... you will get there if you keep analysing charts and especially the losing trades because you learn the most from these trades. They teach you what NOT to do.

The recipe for success in trading is very easy to state.

" Find what works and repeat it over and over and over again"

The difficulty is finding what works and it's never really the same for every trader because we all think differently, have different mentalities and different personalities and different ideas about levels of risk.

Good Trading,

Masterrmind...........
Master your Mind then Master your Trades
ave agood weekend .JP ,MM et al was a good day and finished up nice with a silver short cheers Q
Whats That? you're trading What?
Quoting Qed
ave agood weekend .JP ,MM et al was a good day and finished up nice with a silver short cheers Q
Same to you Qed!

Made several trades but a different strategy so won't post them here.

Anyway about time to call it a week I think so catch you next week.....enjoy the long weekend.

Masterrmind........
Master your Mind then Master your Trades
Quoting Masterrmind
{quote} That's the part that simply takes time....... you will get there if you keep analysing charts and especially the losing trades because you learn the most from these trades. They teach you what NOT to do. The recipe for success in trading is very easy to state. " Find what works and repeat it over and over and over again" The difficulty is finding what works and it's never really the same for every trader because we all think differently, have different mentalities and different personalities and different ideas about levels of risk. Good...



Well stated MM, nothing to add!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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