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As simple as possible: 00 level trading

  • #19,121
  • Oct 3, 2014 8:51am Oct 3, 2014 8:51am
Quoting JibalaPasan
{quote} Well stated MM, nothing to add! Jibala
Take care and see you next week.

Masterrmind..........
Master your Mind then Master your Trades
  • #19,122
  • Oct 3, 2014 8:54am Oct 3, 2014 8:54am
Good luck to those traders still engaged in grabbing the green ones.

Have a great weekend and see you all next week.

Masterrmind..........
Master your Mind then Master your Trades
  • #19,123
  • Oct 3, 2014 9:01am Oct 3, 2014 9:01am
ok going to pick up my son...

back later, otherwise enjoy the weekend..


cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #19,124
  • Oct 3, 2014 9:03am Oct 3, 2014 9:03am
Trade #9 NZDJPY + #10 NZDCAD TP.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.10.03_21h57m34s_062_.png Size: 29 KB


A last view on my Dashboard said much of RmUp / RmDn for both pairs, so why not to trade?

I am off na! Great weekend to everybody.

Jibala (is dancing)
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,125
  • Oct 3, 2014 9:06am Oct 3, 2014 9:06am
Quoting Masterrmind
{quote} 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..........
Hello, MM!

I would not hurry to "keep a chin high" (lol), because it's not by the Udine's rules.
Of course, it's ok to take the second level in case when the first level is *.900 or *.100, but it's a violation of the rule #2 from the first post: "2. Entry ONLY the FIRST 00 level".
And Udine confirmed it in post # 6077. I just think it's better to prevent any misunderstandings for those who want to strictly follow the rules.

Cheers

Best regards,
Artem
Let's go with the flow
  • #19,126
  • Oct 3, 2014 9:48am Oct 3, 2014 9:48am
I am also finished for the day. I didn't see any good setups (on the pairs I am watching) since the morning.
Have a good weekend everyone.
Back next week.

Regards,

BB.
  • #19,127
  • Oct 3, 2014 10:20am Oct 3, 2014 10:20am
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...
" Find what works and repeat it over and over and over again"

MM, that is very , very true. BUT not everybody will last in that endeavour. It takes a very long time.
  • #19,128
  • Oct 3, 2014 5:46pm Oct 3, 2014 5:46pm
Thats what seperates winneres from losers ....winners NEVER give up ,even when they think its hopeless they look for the edge that will make them a winner ..it maybe that close ... just IMOcheers Q
Whats That? you're trading What?
  • #19,129
  • Oct 3, 2014 6:28pm Oct 3, 2014 6:28pm
Quoting Udine
{quote} ok get ready for a long story.. i will say it bluntly... 100 % of the people start out in forex for one reason only: to make a shitload of money as a get rich quick scheme and make money from day 1. 90 - 95 % of the people fail in forex for the following reasons: 1. no clue of what their getting into 2. no system 3. no plan 4. no patience 5. no focus 6. no discipline 7. dont treat it like a business, but more as a game/hobby/entertainment 8. dont act / work as a professional 9. no administration 10. looking for shortcuts and not putting...
Very Well written Udine, I wish i read this on June 9th
Whenever i buy the price goes up & whenever i sell the the price goes down!
  • #19,130
  • Oct 3, 2014 10:27pm Oct 3, 2014 10:27pm
Quoting Qed
Thats what seperates winneres from losers ....winners NEVER give up ,even when they think its hopeless they look for the edge that will make them a winner ..it maybe that close ... just IMOcheers Q
Set your goals, fight for it and never give up! If you are a strong willed person and believe in the success of your doing, you can become a successful trader.

I have to fight every day, because I am the breadwinner of the family. I have no other choice! Maybe that makes the different between me and many other people out there.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,131
  • Oct 3, 2014 10:49pm Oct 3, 2014 10:49pm
Quoting JibalaPasan
{quote} Set your goals, fight for it and never give up! If you are a strong willed person and believe in the success of your doing, you can become a successful trader. I have to fight every day, because I am the breadwinner of the family. I have no other choice! Maybe that makes the different between me and many other people out there. Jibala
no what makes you different is you have a mentor that knows what he's doing and hands everything to you on a silver platter, meanwhile others don't have that luxury. let's not pretend otherwise...
  • #19,132
  • Oct 4, 2014 12:49pm Oct 4, 2014 12:49pm
At the end of the day, we measure our performance against ourselves. We are our own worst enemy. We set our own standards/goals/dreams for which we are accountable. Make trading something you must do, and you will find a way, regardless of your circumstances.
  • #19,133
  • Oct 5, 2014 6:02pm Oct 5, 2014 6:02pm
Good morning fellow chasers of pts ..trade 1audusd +5 trade2 NZDJPY +% trade3# euraud +5
Attached Image (click to enlarge)
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Whats That? you're trading What?
  • #19,134
  • Oct 5, 2014 7:19pm Oct 5, 2014 7:19pm
Quoting JibalaPasan
{quote} Set your goals, fight for it and never give up! If you are a strong willed person and believe in the success of your doing, you can become a successful trader. I have to fight every day, because I am the breadwinner of the family. I have no other choice! Maybe that makes the different between me and many other people out there. Jibala

Hi Jibal,

You are right. when people have many options they cannot focus and their willingness (will power) get diluted.

Now i know the Mantra of your success.

Thanks
  • #19,135
  • Oct 5, 2014 7:23pm Oct 5, 2014 7:23pm
Quoting Qed
Good morning fellow chasers of pts ..trade 1audusd +5 trade2 NZDJPY +% trade3# euraud +5 {image}

Your trades were based on news?

Any way you got in your favour.

Thanks
  • #19,136
  • Oct 5, 2014 7:33pm Oct 5, 2014 7:33pm
no purely set on pending with multimeter , cancel pending if going wrong way
Whats That? you're trading What?
  • #19,137
  • Oct 5, 2014 7:43pm Oct 5, 2014 7:43pm
Quoting Qed
no purely set on pending with multimeter , cancel pending if going wrong way
what is this multimeter ?

Thanks
  • #19,138
  • Oct 5, 2014 8:05pm Oct 5, 2014 8:05pm
Quoting JibalaPasan
Trade #9 NZDJPY + #10 NZDCAD TP. {image} {image} A last view on my Dashboard said much of RmUp / RmDn for both pairs, so why not to trade? I am off na! Great weekend to everybody. Jibala (is dancing)
Hi JP, how many pairs did you watch each time ? could you show us urs watch list pairs?

Thank you,
B
  • #19,139
  • Oct 5, 2014 8:12pm Oct 5, 2014 8:12pm
multi metre is the 3 colors up top hr1.hr4 d1 click on paperclip up top and download
Whats That? you're trading What?
  • #19,140
  • Oct 5, 2014 8:25pm Oct 5, 2014 8:25pm
Quoting budim2006
{quote} Hi JP, how many pairs did you watch each time ? could you show us urs watch list pairs? Thank you, B
Budim2006,

Jibala answered that question here http://www.forexfactory.com/showthre...86#post7774686

"We are able to watch over 28 currencies and to choose the very best and most profitable. We only check the chart of a currency, if we can identify activity on the Dashboard, which may lead to a profitable trade.
At current time I'm posting charts of almost all crosses but not the 4 main currencies EJ, EU, GJ and GU. Means at the moment those pairs are not having good setups. Therefore we have lots of other pairs we can choose from, while practicing patience!
Jibala"
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