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As simple as possible: 00 level trading

  • #20,021
  • Oct 20, 2014 9:20am Oct 20, 2014 9:20am
#6 NU - Srcipt failed to execute order and catching the runaway train is not a good idea.. SL

#7 NU
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  • #20,022
  • Oct 20, 2014 9:26am Oct 20, 2014 9:26am
Trade #5 o/t day: EA to TP
Trade #6 o/t day: NU to TP

flx69
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  • #20,023
  • Oct 20, 2014 9:27am Oct 20, 2014 9:27am
Quoting snail69
{quote} Somebody was in the ZONE .....
Trading in the zone!

Now that does have a nice ring to it.......... where have I heard that before?

Good luck and best of trades to you all......

Time for rest..........

Masterrmind.......
Master your Mind then Master your Trades
  • #20,024
  • Oct 20, 2014 9:35am Oct 20, 2014 9:35am
Quoting snail69
{quote} Somebody was in the ZONE .....
Hi MM first of all COMPLIMENTS, you're a killing machine.
I see on your charts that sometimes you don't enter precisely @ 00 levels but a bit above/below. Can you tell me why and if do you use a script for this ?

Best,
Bubincka
Porta itineris dicitur longissima esse
  • #20,025
  • Oct 20, 2014 9:39am Oct 20, 2014 9:39am
Trade #7 (and the last one of today): AC out by TS

flx69
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  • #20,026
  • Oct 20, 2014 10:49am Oct 20, 2014 10:49am
Quoting tsyx163
Does Anyone To Me Shoud I enter A or B? Thanks very much. {image}

read page 1 post 1

Udine
Sleep less, live fast, as it aint gonna last
  • #20,027
  • Oct 20, 2014 10:50am Oct 20, 2014 10:50am
out for the day..

tomorrow

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #20,028
  • Edited 12:43pm Oct 20, 2014 11:52am | Edited 12:43pm
#8 GU
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  • #20,029
  • Edited 12:44pm Oct 20, 2014 11:54am | Edited 12:44pm
#9 NU
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  • #20,030
  • Edited 12:44pm Oct 20, 2014 12:24pm | Edited 12:44pm
#10 EU
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  • #20,031
  • Oct 20, 2014 1:06pm Oct 20, 2014 1:06pm
#11 UJ - mistake - Not only GU but also UJ loves double bottoms.... SL
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  • #20,032
  • Oct 20, 2014 2:15pm Oct 20, 2014 2:15pm
#12 GJ - not the best entry ,but ended ok.
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  • #20,033
  • Oct 20, 2014 2:17pm Oct 20, 2014 2:17pm
#13 EJ - not exactly Udine's entry, but exception confirms the rule ....:nerd:
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  • #20,034
  • Oct 20, 2014 7:07pm Oct 20, 2014 7:07pm
Quoting udine
1000 pages.... Never thought so much could be written about this.... Udine

felicitaciones udine
  • #20,035
  • Oct 20, 2014 7:09pm Oct 20, 2014 7:09pm
TOKYO

EJ +5
EU+5
  • #20,036
  • Oct 20, 2014 8:36pm Oct 20, 2014 8:36pm
ej+5

bonus 1
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  • #20,037
  • Oct 20, 2014 9:10pm Oct 20, 2014 9:10pm
Juan:

Do those indicators help you in your decisions or is it part of a different system?
  • #20,038
  • Oct 20, 2014 10:34pm Oct 20, 2014 10:34pm
Three trades for me yesterday, GJ +7, and two BE. Shy of my daily profit level but I went to sleep before NY, it was quiet and I only look at the 4 pairs.

Let's see what this evening brings.

And well done MM, impressive!
  • #20,039
  • Oct 20, 2014 11:24pm Oct 20, 2014 11:24pm
Quoting bubincka
{quote} Hi MM first of all COMPLIMENTS, you're a killing machine. I see on your charts that sometimes you don't enter precisely @ 00 levels but a bit above/below. Can you tell me why and if do you use a script for this ? Best, Bubincka
In short its a combination of different factors some of which are as follows:

1. slippage at entry by pending order/manual order
2. manual entry and spread at time of market entry
3. preferred timing of my manual entry
4. other factors

I enter trades mostly using scripts, 1-click order entry or sometimes using MT4 pending order or even limit orders as the case may be.

I don't always enter at the start of the hour and I use multiple TF's in my analysis and entry strategies.

Most of my screen shots (if not all of them) show M15 TF but this does not tell the whole story.

Many times I will monitor PA at the start of the hour on candles less than H1(usually M15, M5) to get a better picture of where price is likely to be going and then place either a pending (script/MT4) or market order or not place any order at all with the goal being to make the entry as close as possible to 00 levels (this does not always occur exactly to the precise level as I'd like but it makes little difference to the final result in general).

As I've said before I'm a dynamic trader so I never treat any system strictly mechanically.....the market will eat you up if you do!

Good Trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #20,040
  • Oct 20, 2014 11:33pm Oct 20, 2014 11:33pm
Quoting scottik187
Three trades for me yesterday, GJ +7, and two BE. Shy of my daily profit level but I went to sleep before NY, it was quiet and I only look at the 4 pairs. Let's see what this evening brings. And well done MM, impressive!
Monday had a surprisingly high number of excellent opportunities for trading the 00 strategy with many traders reaping the rewards which is awesome to see.

Bottom line is that 4 pairs is plenty to get your 2% (gross) for the day..... generally 2 TP trades are fairly easy to get and this is especially true for this particular Monday. However, not all Monday's provide these trading opportunities!

Looks like you are on the right path so good luck in your trading and thanks for the compliments.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
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