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As simple as possible: 00 level trading

  • #19,281
  • Oct 6, 2014 7:32pm Oct 6, 2014 7:32pm
trade 3#EU >TP
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Whats That? you're trading What?
  • #19,282
  • Oct 6, 2014 7:48pm Oct 6, 2014 7:48pm
trade 4#GU >TP
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Whats That? you're trading What?
  • #19,283
  • Edited 8:14pm Oct 6, 2014 7:55pm | Edited 8:14pm
Quoting Qed
trade 4#GU >TP {image}
Great work Qed! AU just broke-down under the lows... same general price action - easy money... this would have been a beautiful trade now bouncing off (local 15M TF) support
  • #19,284
  • Oct 6, 2014 8:00pm Oct 6, 2014 8:00pm
I cannot believe this ...once you get the swing of it ...ok so ur going to take some hits ,just control them
Whats That? you're trading What?
  • #19,285
  • Oct 6, 2014 8:04pm Oct 6, 2014 8:04pm
#5 closed manually , pushed my luck , +2.5 mmmmmmm old habits die hard .... dont panic
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Whats That? you're trading What?
  • #19,286
  • Oct 6, 2014 8:16pm Oct 6, 2014 8:16pm
Quoting artem_t
{quote} Hi, Masterrmind! To me it's simple: in the rule # 2 there is no word "valid", so the first level is the first level. Udine proved it in his post too. So, I don't see anything more to bet here However, I don't use this method exactly in the way it is, I am not a master of it, and I don't want to confuse anyone if I am wrong. Therefore, I would like Udine to say his word about that. Thanks, Best regards, Artem
I guess it boils down to interpretation of the rules and whether or not you play the game as black and white (deleting out any gray areas)

However, I for one as well as a few longer term traders of this method have applied the rules as well as offered explanations of trading reasons.

I believe Udine has also traded the 1st valid level and also mentioned it throughout the thread.

If Udine states that no trade should be entered in a particular hour if for example the 1st level is at the 900 and also says that a trade should NOT be taken from the 1st valid level (BRN in the EA case) then I'll leave it at that and won't post these charts.
Simple!

Lets see how Udine responds.......... I'm happy to accept either version since in either case it will not affect my profit on the trade but simply mean the chart doesn't hit this thread.

All the best,

Masterrmind..........
Master your Mind then Master your Trades
  • #19,287
  • Oct 6, 2014 8:18pm Oct 6, 2014 8:18pm
to be sucsessfull one has to adjust ,once the basics are mastered IMO ...look and learn ...
Whats That? you're trading What?
  • #19,288
  • Oct 6, 2014 8:26pm Oct 6, 2014 8:26pm
Quoting Qed
to be sucsessfull one has to adjust ,once the basics are mastered IMO ...look and learn ...
So true.......that's why I've always referred to myself as a dynamic trader...read the market as best you can and adjust as necessary.

As long as you're profitable!

Rules and guidelines are there to keep you on the right path but you still need to adjust your methodology at times.

Masterrmind...........
Master your Mind then Master your Trades
  • #19,289
  • Oct 6, 2014 8:37pm Oct 6, 2014 8:37pm
Great trading QED.

The Asian session has offered up from really nice ones over the past week, especially on the Tokyo open. I miss them though, working.
  • #19,290
  • Oct 6, 2014 8:38pm Oct 6, 2014 8:38pm
Thanx Scott
Whats That? you're trading What?
  • #19,291
  • Oct 6, 2014 8:44pm Oct 6, 2014 8:44pm
#6 EU>TP ok will give it a rest ,that 1 took while to move ,need to learn not to be greedy .....
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Whats That? you're trading What?
  • #19,292
  • Oct 6, 2014 9:32pm Oct 6, 2014 9:32pm
Quoting Qed
#6 EU>TP ok will give it a rest ,that 1 took while to move ,need to learn not to be greedy ..... {image}
Nice to see it worked for you again, but...

@400 and @300 not by the rules!

20. only 1 trade per hour per pair



Burpees Qed, burpees!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,293
  • Oct 6, 2014 9:35pm Oct 6, 2014 9:35pm
ok burpees done just in time to grab AU>TP
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Whats That? you're trading What?
  • #19,294
  • Oct 6, 2014 9:44pm Oct 6, 2014 9:44pm
AU +5pips TP : had a failed second entry long at the start which turned out to be a short-trap, price went south in a hurry and formed a two legged measured move from local support (which was also 1MN O). High prob trade. Note: dialed in a few pipettes / ticks below 00-level (1-2-3 break rule).
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  • #19,295
  • Oct 6, 2014 9:47pm Oct 6, 2014 9:47pm
Quoting Qed
ok burpees done just in time to grab AU>TP {image}
You're a gun trader Qed
  • #19,296
  • Oct 6, 2014 9:50pm Oct 6, 2014 9:50pm
ive been doing a lot better since I scrapped 15 min , Im actually going to try this sytem out on "daily" so I can spend more time in the garden
Whats That? you're trading What?
  • #19,297
  • Oct 6, 2014 9:53pm Oct 6, 2014 9:53pm
Quoting Qed
ive been doing a lot better since I scrapped 15 min , Im actually going to try this sytem out on "daily" so I can spend more time in the garden
Stick to your plan/method Qed, I can't live without seeing price action at the same order as the SL
  • #19,298
  • Oct 6, 2014 9:56pm Oct 6, 2014 9:56pm
thats what I used to think too, need to watch action , but with hourly I know I can walk away ,come back and check or watch if I want
Whats That? you're trading What?
  • #19,299
  • Oct 6, 2014 10:01pm Oct 6, 2014 10:01pm
Quoting Qed
thats what I used to think too, need to watch action , but with hourly I know I can walk away ,come back and check or watch if I want
...a good psychological technique
  • #19,300
  • Oct 7, 2014 12:15am Oct 7, 2014 12:15am
EU +5 (Tokyo 2nd hour)
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I didn't play Tokyo Open today and I missed out on EJ and GJ this hour (I came back home a little too late).
There are a lot of opportunities...
My hope has been almost completely shattered, but not completely yet
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