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As simple as possible: 00 level trading

  • #19,961
  • Oct 20, 2014 3:24am Oct 20, 2014 3:24am
Quoting bubincka
{quote} Hi Udine you say it right. Sometimes it's not easy to pick the 1st lvl because price moves fast and being the 1st lvl close to DO I assessed the 2nd lvl OK ... wrong!

if not the first level, wait for the next set up !!

Udine
Sleep less, live fast, as it aint gonna last
  • #19,962
  • Oct 20, 2014 3:27am Oct 20, 2014 3:27am
Trade #3 o/t day: UCHF to SL.
Back to square one.

flx69
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  • #19,963
  • Oct 20, 2014 3:31am Oct 20, 2014 3:31am
Quoting Masterrmind
Trade #1 GBPUSD +5 TP {image} Masterrmind..........
Hi MM

Why did you took that trade? 6610 level seems to be ressistance for few hours. What about PA?
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  • #19,964
  • Oct 20, 2014 3:32am Oct 20, 2014 3:32am
Good morning everyone,

GJ short to SL
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  • #19,965
  • Oct 20, 2014 3:42am Oct 20, 2014 3:42am
Quoting iwan73
{quote} Hi MM Why did you took that trade? 6610 level seems to be resistance for few hours. What about PA? {image}
Those big fat candles show it . Big harami (even rails can be considered). Just my 2 cents.
  • #19,966
  • Oct 20, 2014 3:42am Oct 20, 2014 3:42am
Trade #2

NZDCAD +5 TP

Attached Image (click to enlarge)
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Done for the day!

Masterrmind........
Master your Mind then Master your Trades
  • #19,967
  • Oct 20, 2014 3:52am Oct 20, 2014 3:52am
Quoting Masterrmind
Trade #2 NZDCAD +5 TP {image} Done for the day! Masterrmind........
Another FAT CANDLES harami ! Good job Master !
  • #19,968
  • Oct 20, 2014 3:55am Oct 20, 2014 3:55am
Quoting iwan73
{quote} Hi MM Why did you took that trade? 6610 level seems to be ressistance for few hours. What about PA? {image}
Yes it was resistance for a few hours with price all wound up close to the DO ... that's true!

Look at the strong PA momentum up through the DO at the start of London.......

Then the pull back to the DO.......

Then the distance my pending order was placed from the DO anticipating PA to take me into the trade and then the leg extension.

I would only attempt this trade after London or NY Open ........ hence no trade prior to London when an upward move was also present but the timing would have been completely wrong of course but very tempting for the inexperienced traders (in other words a trap).

Good Trading

Masterrmind...........
Master your Mind then Master your Trades
  • #19,969
  • Oct 20, 2014 3:55am Oct 20, 2014 3:55am
#1 ECAD entry would be better after 3 soldiers. Need to control fingers better. :nerd:
# 2 GCAD
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  • #19,970
  • Oct 20, 2014 3:55am Oct 20, 2014 3:55am
Quoting snail69
{quote} Another FAT CANDLES harami ! Good job Master !
Precisely right!

Excellent observation.....

Masterrmind........
Master your Mind then Master your Trades
  • #19,971
  • Oct 20, 2014 3:58am Oct 20, 2014 3:58am
Quoting snail69
{quote} Another FAT CANDLES harami ! Good job Master !
Hi snail, but you can say that only AFTER .. at the entry the pattern was still forming. So with hindsight it's clear, but you couldn't have seen that harami at time of entry.
Porta itineris dicitur longissima esse
  • #19,972
  • Oct 20, 2014 4:01am Oct 20, 2014 4:01am
# 3 EJ please ignore other open trade, not Udine's
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  • #19,973
  • Oct 20, 2014 4:03am Oct 20, 2014 4:03am
EJ short to TP from the previous hour- it took almost an hour to hit TP but got there
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  • #19,974
  • Oct 20, 2014 4:12am Oct 20, 2014 4:12am
Trade #3 [Bonus trade #1]

NZDJPY +5 TP

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Masterrmind..........
Master your Mind then Master your Trades
  • #19,975
  • Oct 20, 2014 4:12am Oct 20, 2014 4:12am
Quoting bubincka
{quote} Hi snail, but you can say that only AFTER .. at the entry the pattern was still forming. So with hindsight it's clear, but you couldn't have seen that harami at time of entry.
I think Master might see it different. He opened AFTER candle closed....
  • #19,976
  • Oct 20, 2014 4:23am Oct 20, 2014 4:23am
Trade #4 [Bonus trade #2]

NZDUSD +5 TP

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Masterrmind.......
Master your Mind then Master your Trades
  • #19,977
  • Oct 20, 2014 4:23am Oct 20, 2014 4:23am
gu +5
  • #19,978
  • Oct 20, 2014 4:29am Oct 20, 2014 4:29am
Trades Set,
Not skipping any Levels on EJ, Skipping Levels on GJ @ .700,.000 and .300. Any Comment Udine? Thank you!
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  • #19,979
  • Oct 20, 2014 4:30am Oct 20, 2014 4:30am
Quoting snail69
{quote} I think Master might see it different. He opened AFTER candle closed....
Hi snail, please don't get me wrong, I don't want to argue, prefer to understand. Is the yellow circled pattern what you called harami ?
Attached Image
Porta itineris dicitur longissima esse
  • #19,980
  • Oct 20, 2014 4:34am Oct 20, 2014 4:34am
you guys using EA's really should try for yourself ... shows a lazy persons way to trade IMO ...
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