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As simple as possible: 00 level trading

  • #21,541
  • Nov 14, 2014 2:59am Nov 14, 2014 2:59am
A very interesting book which may or maynot help some people is "the secret to profiting in Bull and Bear markets " by Stan Weistein .. will help see the stages of a price chart .... cheers Q
Whats That? you're trading What?
  • #21,542
  • Nov 14, 2014 2:59am Nov 14, 2014 2:59am
Quoting Masterrmind
{quote} Some free advice....... Start from the left side of your GU chart and simply eye ball PA (price action) and you will see the following: 1. price dropped hard then consolidated before FF Open 2. then price shot up hard and fast to the middle of the FF session and then pulled down slightly to about the 700 level finding minor support 3. then up it shot to 900 and again pulled back down to the 700 level "again" 4. then took off up to test the 950 and again pulled back down hard to the 700 level "again" Why attempt to short this pair from 700?...
Hi MM, first of all thank you for your precious and appreciated analysis. I agree 100% on all the above considerations.
The reason why I took this trade is that I'm practicing the new M15 system and this setup was OK according to its rules.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #21,543
  • Nov 14, 2014 3:00am Nov 14, 2014 3:00am
Quoting bubincka
Hi Udine, with the hope not to be wrong there could be setup for EJ @ 145.000. But apart it's a BRN it also seems a point of resistence. What do you think ?

open a monthly chart .. what do you see ??

Udine
Sleep less, live fast, as it aint gonna last
  • #21,544
  • Nov 14, 2014 3:03am Nov 14, 2014 3:03am
any which way but up .....
Whats That? you're trading What?
  • #21,545
  • Nov 14, 2014 3:09am Nov 14, 2014 3:09am
Quoting Qed
A very interesting book which may or maynot help some people is "the secret to profiting in Bull and Bear markets " by Stan Weistein .. will help see the stages of a price chart .... cheers Q

in my library

library consists of at least 360 books about trading in PDF form..

Udine
Attached Image (click to enlarge)
Click to Enlarge Name: stan.jpg Size: 150 KB
Sleep less, live fast, as it aint gonna last
  • #21,546
  • Nov 14, 2014 3:15am Nov 14, 2014 3:15am
GBPJPY TS
EURUSD TP

Using H1 method.. I hope everything was right
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_TS.png Size: 51 KB
Click to Enlarge Name: GBPJPY_+5.png Size: 49 KB
  • #21,547
  • Nov 14, 2014 3:15am Nov 14, 2014 3:15am
Open pending buy GBPJPY @ 182.450.
  • #21,548
  • Nov 14, 2014 3:16am Nov 14, 2014 3:16am
With all the people I teach charting to (or try to) the requirement b4 we start is to get that book ... 2 books are my bibles ..."think and grow rich" by Napoleon Hill and Weinsteins book ,, the rest are for reading LOL think and grow rich is why I have never given up ,,and lo and behold Udines method/system was just 1 metre away thru a rock wall ..... GOLD GOLD GOLD
Whats That? you're trading What?
  • #21,549
  • Nov 14, 2014 3:17am Nov 14, 2014 3:17am
Quoting Takeo
GBPJPY TS EURUSD TP Using M1.. I hope everything was right {image} {image}

no idea... M1 makes me nervous.. not going to check our charts..

Udine
Sleep less, live fast, as it aint gonna last
  • #21,550
  • Nov 14, 2014 3:18am Nov 14, 2014 3:18am
Quoting Udine
{quote} no idea... M1 makes me nervous.. not going to check our charts.. Udine
I meant hourly trading method.... Sorry for missunderstanding

EDIT: corrected in post
  • #21,551
  • Nov 14, 2014 3:22am Nov 14, 2014 3:22am
When I started trading this was my trading bible.. and basically still is

Udine
Attached File(s)
File Type: pdf 25 Rules Of Trading.pdf   122 KB | 1,592 downloads
Sleep less, live fast, as it aint gonna last
  • #21,552
  • Nov 14, 2014 3:22am Nov 14, 2014 3:22am
Trailstop day: another one. AUDNZD out by TS.

flx69
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #21,553
  • Nov 14, 2014 3:23am Nov 14, 2014 3:23am
Quoting Udine
{quote} in my library library consists of at least 360 books about trading in PDF form.. Udine {image}
Looks like one of these guys from the Bee Gees to me
  • #21,554
  • Nov 14, 2014 3:23am Nov 14, 2014 3:23am
Quoting bubincka
{quote} Hi MM, first of all thank you for your precious and appreciated analysis. I agree 100% on all the above considerations. The reason why I took this trade is that I'm practicing the new M15 system and this setup was OK according to its rules. Best regards, Bubincka
My view is to look a little further and try to analyse the charts more not to just simply take a trade because it follows the rules.

It's very important to understand both the reasons for wanting to take the trade and the reasons against it.

If you start to question everything you will soon start to see how the pieces of the trading puzzle fit together and this ideally will lead to greater success.

Good trading and best of luck,

Masterrmind............
Master your Mind then Master your Trades
  • #21,555
  • Nov 14, 2014 3:24am Nov 14, 2014 3:24am
thanx Udine will check it out 1st page tells me its gonna be a good read
Whats That? you're trading What?
  • #21,556
  • Nov 14, 2014 3:24am Nov 14, 2014 3:24am
Quoting Takeo
{quote} I meant hourly trading method.... Sorry for missunderstanding EDIT: corrected in post

ok..

wait for the candle to close first to confirm the color change of the ASH and the HA..

Udine
Sleep less, live fast, as it aint gonna last
  • #21,557
  • Nov 14, 2014 3:28am Nov 14, 2014 3:28am
Trade using the Wukar M15 system: AUDUSD to TP

flx69
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
  • #21,558
  • Nov 14, 2014 3:29am Nov 14, 2014 3:29am
Quoting nobby911
Hi getting the hang of this now, but have noticed a lot of different setupsregarding the ASH and news cal etc at the bottom of the charts what are the recommended ones and settings for the 1Hr method mine looks like this at the mo {image}
Hi Udine

Can you help with this thanx
  • #21,559
  • Nov 14, 2014 3:34am Nov 14, 2014 3:34am
which page is the new m15 system explained? I mean i read the whole thread, but i still have around 1k pages to go.
thanks!
  • #21,560
  • Nov 14, 2014 3:35am Nov 14, 2014 3:35am
Udine, was correct this trade ?
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 67 KB
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