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As simple as possible: 00 level trading

  • #20,561
  • Nov 2, 2014 10:51pm Nov 2, 2014 10:51pm
Quoting Heavyduty198
Thanks Udine for all you do. I have searched far and wide for a simple strategy that doesn't put me in front of the computer all day as I am not a full time trader YET... Quick question, I have my TP at 6 pips and SL at 9 pips to accommodate for the commissions. Is there any other recommendation you have to account for the commish? (Current broker is .8 pips per round trip)

no recommendations..

I use TP @ 5 and SL @ 10..

Udine
Sleep less, live fast, as it aint gonna last
  • #20,562
  • Nov 2, 2014 10:55pm Nov 2, 2014 10:55pm
Quoting Udine
{quote} yes Udine
Hi Udine,


I want to clear some doubt please advcie , Is trading of same level in next hour , as per rules ?

OR one level only once in whole day

Thanks.
  • #20,563
  • Nov 3, 2014 12:45am Nov 3, 2014 12:45am
Quoting mkfx
{quote} Hi Udine, I want to clear some doubt please advcie , Is trading of same level in next hour , as per rules ? OR one level only once in whole day Thanks.
new hour new opportunity, you can trade same level next hour
  • #20,564
  • Nov 3, 2014 12:57am Nov 3, 2014 12:57am
Quoting mkfx
{quote} Hi Udine, I want to clear some doubt please advcie , Is trading of same level in next hour , as per rules ? OR one level only once in whole day Thanks.

same level can be traded next hour..

Udine
Sleep less, live fast, as it aint gonna last
  • #20,565
  • Nov 3, 2014 12:58am Nov 3, 2014 12:58am
Quoting r4maaak
{quote} new hour new opportunity, you can trade same level next hour


Udine
Sleep less, live fast, as it aint gonna last
  • #20,566
  • Nov 3, 2014 1:35am Nov 3, 2014 1:35am
Trade #1

AUDUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #20,567
  • Edited 1:57am Nov 3, 2014 1:40am | Edited 1:57am
Quoting Masterrmind
Trade #1 AUDUSD +5 TP {image} Masterrmind...........
Hi there Master ! Good day to all !

#2 AU +5 same here
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD+M15.png Size: 45 KB
  • #20,568
  • Nov 3, 2014 1:42am Nov 3, 2014 1:42am
Quoting snail69
{quote} Hi there Master ! Good day to all ! #2 AU +5 same here {image}
Nice work snail69.......... great to see you working the method!

Masterrmind..........
Master your Mind then Master your Trades
  • #20,569
  • Nov 3, 2014 1:46am Nov 3, 2014 1:46am
Quoting Masterrmind
{quote} Nice work snail69.......... great to see you working the method! Masterrmind..........
Yes, indeed getting better.
  • #20,570
  • Nov 3, 2014 1:48am Nov 3, 2014 1:48am
#1 GU +5 very early in the morning. Sometimes need to go lower to see clearer picture...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD1+M15.png Size: 143 KB
Click to Enlarge Name: GBPUSD+M5.png Size: 94 KB
  • #20,571
  • Nov 3, 2014 1:56am Nov 3, 2014 1:56am
#3 EU +1 safer is better....
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD+M15.png Size: 39 KB
  • #20,572
  • Nov 3, 2014 2:11am Nov 3, 2014 2:11am
hai everyone
look at my pending order...is this true allready
thx a lot
Attached Image (click to enlarge)
Click to Enlarge Name: 311.jpg Size: 192 KB
  • #20,573
  • Nov 3, 2014 2:23am Nov 3, 2014 2:23am
GJ to SL on LO
  • #20,574
  • Nov 3, 2014 2:28am Nov 3, 2014 2:28am
Good morning!

Wish all a nice green week.

GU BE +1


Greetz Michael
  • #20,575
  • Nov 3, 2014 2:28am Nov 3, 2014 2:28am
SL hit today #1 trade
anything wrong with my pending order ?
Attached Image (click to enlarge)
Click to Enlarge Name: SL.jpg Size: 146 KB
  • #20,576
  • Nov 3, 2014 2:43am Nov 3, 2014 2:43am
Quoting mwsteiner
Good morning! Wish all a nice green week. GU BE +1 Greetz Michael
Same goes to you Michael.

I hope you have a profitable week.

Masterrmind...........
Master your Mind then Master your Trades
  • #20,577
  • Nov 3, 2014 2:49am Nov 3, 2014 2:49am
lets say we have a red D1 and the h1 candle cross the upper 00 level , and then come back to the lower level . now we have the red D1 and read H1 , but it had cross the upper 00 level before . then can we take the sell trade, or we should count the sell level as the 2nd 00 level and ignore ?
gEt BusY LiVinG oR Get bUsy dyIng
  • #20,578
  • Nov 3, 2014 2:53am Nov 3, 2014 2:53am
Quoting asithaya
lets say we have a red D1 and the h1 candle cross the upper 00 level , and then come back to the lower level . now we have the red D1 and read H1 , but it had cross the upper 00 level before . then can we take the sell trade, or we should count the sell level as the 2nd 00 level and ignore ?
Throw up a chart it will make it much easier to explain.

There is more than 1 way to interpret what you are trying to say.

Chart please!

Masterrmind.............
Master your Mind then Master your Trades
  • #20,579
  • Nov 3, 2014 3:02am Nov 3, 2014 3:02am
here it is
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 208 KB
gEt BusY LiVinG oR Get bUsy dyIng
  • #20,580
  • Nov 3, 2014 3:08am Nov 3, 2014 3:08am
Quoting asithaya
here it is {image}
not going to discuss situations on the 5M chart..

change your chart to 15M or 1H please

Udine
Sleep less, live fast, as it aint gonna last
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