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As simple as possible: 00 level trading

  • #20,681
  • Nov 4, 2014 5:52am Nov 4, 2014 5:52am
Quoting Masterrmind
Trade #5 [Bonus trade #3 ish] EURJPY +5 TP {image} Masterrmind..........
Today no shorts for me on EJ. All above pivot. , but congrats on a good trade.
  • #20,682
  • Nov 4, 2014 6:01am Nov 4, 2014 6:01am
Quoting snail69
{quote} Today no shorts for me on EJ. All above pivot. , but congrats on a good trade.
Yes I can understand that reasoning.

I was watching the EU trade like a hawk too.......

Hopefully NY Open brings a couple of good trades.....

Masterrmind.............
Master your Mind then Master your Trades
  • #20,683
  • Nov 4, 2014 6:11am Nov 4, 2014 6:11am
Today some trades. 7 EST is important....

AU 2nd trade, manual close +2.8
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NZDUSD+M15post+TP.png Size: 110 KB
Click to Enlarge Name: USDJPY+M15post+TP.png Size: 106 KB
  • #20,684
  • Nov 4, 2014 7:07am Nov 4, 2014 7:07am
Mastermind, today i had some spare time and tried to understand how you take trades on M15. Question is:have you taken NY open EJ trade?
1. price below DO
2. M15 formed shooting star
3. M30 has doji
4.M5 shows big red candle down
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
  • #20,685
  • Nov 4, 2014 7:48am Nov 4, 2014 7:48am
Quoting orangutangas
Mastermind, today i had some spare time and tried to understand how you take trades on M15. Question is:have you taken NY open EJ trade? 1. price below DO 2. M15 formed shooting star 3. M30 has doji 4.M5 shows big red candle down {image}
Yes I had an EJ pending order placed however not at 900 level but rather I had it placed @800 for a short.

My NY Open candle price was exactly @ 141.900 therefore too close to short from this level instead I was happy to go short from 800 and allow PA to come to me if it chose too.

Turns out PA headed up and never triggered my order so I have now cancelled that pending order.

Your analysis is kind of right however there is a major reason why I did not or would not have entered @ 900 even if the candle had of opened above 900.

I'll leave that with you to think about for awhile............

All the best,

Masterrmind...........
Master your Mind then Master your Trades
  • #20,686
  • Nov 4, 2014 7:55am Nov 4, 2014 7:55am
Time for rest I'm afraid.

Talk tomorrow.

Good luck all remaining traders.

Masterrmind............
Master your Mind then Master your Trades
  • #20,687
  • Nov 4, 2014 7:58am Nov 4, 2014 7:58am
Quoting Masterrmind
{quote} Yes I had an EJ pending order placed however not at 900 level but rather I had it placed @800 for a short. My NY Open candle price was exactly @ 141.900 therefore too close to short from this level instead I was happy to go short from 800 and allow PA to come to me if it chose too. Turns out PA headed up and never triggered my order so I have now cancelled that pending order. Your analysis is kind of right however there is a major reason why I did not or would not have entered @ 900 even if the candle had of opened above 900. I'll leave...
Am i right saying that you put @0.8 and won;t enter @0.9 due to tons of doji(uncertainty) in price? I mean, starting 2 hours before NY Open there was not a clear direction where the price should move? And after 800 level there is nearest support only at 700 level where pivot formed and price retraced from?
  • #20,688
  • Nov 4, 2014 7:59am Nov 4, 2014 7:59am
EU +5
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDpost.png Size: 143 KB
  • #20,689
  • Nov 4, 2014 11:44am Nov 4, 2014 11:44am
tomorrow..

Udine
Sleep less, live fast, as it aint gonna last
  • #20,690
  • Nov 4, 2014 11:55am Nov 4, 2014 11:55am
Quoting Udine
tomorrow.. Udine
... is a new day. Full of green pips

flx69
  • #20,691
  • Nov 4, 2014 2:01pm Nov 4, 2014 2:01pm
EJ 2x This was a nice moment of the day... after PDF

10 + 20 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYpost.png Size: 125 KB
  • #20,692
  • Nov 4, 2014 2:12pm Nov 4, 2014 2:12pm
last today NU +5
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDpost.png Size: 120 KB
  • #20,693
  • Nov 4, 2014 3:50pm Nov 4, 2014 3:50pm
It's a long time i'm following this thread,since the beginning i think.I really trust on this system unfortunately,there no day who i was green (today too -1.5 %)
always red I don't understand why. Perhaps bad apply of me...seeing all your +5 pips each day make me sick lol !!!
Reading again the rules today and im thinking why i miss all my trades......

Im not trading at the beginning of market session!!! im sure thats the important thing to apply !!!
strictly follow the rules tomorrow and i only trade the 2 first hour of london and NY

thanks everyone for living this thread and wish you green pips for all....
  • #20,694
  • Nov 5, 2014 1:15am Nov 5, 2014 1:15am
Quoting rochild
It's a long time i'm following this thread,since the beginning i think.I really trust on this system unfortunately,there no day who i was green (today too -1.5 %) always red I don't understand why. Perhaps bad apply of me...seeing all your +5 pips each day make me sick lol !!! Reading again the rules today and im thinking why i miss all my trades...... Im not trading at the beginning of market session!!! im sure thats the important thing to apply !!! strictly follow the rules tomorrow and i only trade the 2 first hour of london and NY thanks everyone...

rochild,

keep at it...

start posting charts, so we might be able to help..

Udine
Sleep less, live fast, as it aint gonna last
  • #20,695
  • Nov 5, 2014 1:20am Nov 5, 2014 1:20am
Trade #1

GBPAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Masterrmind............
Master your Mind then Master your Trades
  • #20,696
  • Nov 5, 2014 1:28am Nov 5, 2014 1:28am
Good morning. This was rather quick trade. "U" turn at 10 level indicated a good set up for trade.

EJ +20 entered manually as was a bit late and spread was already above 000 level.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYpost.png Size: 113 KB
  • #20,697
  • Nov 5, 2014 2:12am Nov 5, 2014 2:12am
Trade #2

GBPJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 55 KB


Comment: nice and fast...

Done for the day!

Masterrmind...........
Master your Mind then Master your Trades
  • #20,698
  • Nov 5, 2014 2:18am Nov 5, 2014 2:18am
Quoting Masterrmind
Trade #2 GBPJPY +5 TP {image} Comment: nice and fast... Done for the day! Masterrmind...........
life is nice
  • #20,699
  • Nov 5, 2014 2:23am Nov 5, 2014 2:23am
Quoting snail69
{quote} life is nice
I find this method has its advantages because you risk the same amount of capital over your 10 pip SL range as you would over say 100 pip SL but get the trade right and its all over and done with so much faster and stress-free to an extent when considering 5 pip TP to say a 50 pip TP.

Got to love trading!

Masterrmind............
Master your Mind then Master your Trades
  • #20,700
  • Nov 5, 2014 2:32am Nov 5, 2014 2:32am
Good morning,

GJ long to TP.

Have a green day everyone.

BB.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.jpg Size: 144 KB
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