As simple as possible: 00 level trading

Quoting Stingr

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{quote} That's an interesting point. If you look deeper there will always be a reason not to take a trade: S/Ram consi, long signal candle, far from a session open, not in the clear trend, MA200/100/50/you_name_it, trend lines, resistance on a H1/D1 chart, uncertaincy in friendly pairs, etc. etc. etc. I wanted to say that there has to be a balance, but it won't answer whether to take a particular trade or not. Sometimes it's really hard to pick the right one. For example, there were 6 signals so far since FO at 6 pairs I'm watching, and if taken,...

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Quoting Asmodai

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Good morning all. From what i see in some of you guys losses, you have a problem that i have sometimes. Overtrading. You try to take every trade that is valid according to the rules and dont look for reasons NOT to take the trade. Like Udine said alot of times in the thread, try to reasons not to take the trade. Look for support or resistance areas, was the previous move a monster candle of 50 pips, candle formation, etc, etc. You will take less trades, but be right more times. Thats what im trying to do. Asmodai

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Quoting r4maaak

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{quote} Hello Asmodai, you have very huge spread on EU, try another broker, if you can. It will be better for your 00 level trading

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Quoting Udine

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{quote} it took me about 5 1/2 years on those 4 pairs... and now about 1 1/2 years I am PDF & BCC so dont think this it will be a short trip And please dont put me in the same sentence as God, as he is in a different league than I am Udine

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Quoting Asmodai

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{quote} I know my spread is huge, this is a demo account. I'm still looking for a good broker to start a proper demo and then WHEN i'm ready open a live account. I'm looking at a few brokers, but any suggestions would be great (use PM for suggestions please). Asmodai

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Quoting iwan73

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5 minutes ago i made big mistake. Opened Short on EU at 1.2530. From the begining it was high risk trade: only 4 pips below DO. But i decided to took this. But EJ is above DO so no sync. Thats for me is the main reason to treat this trade as mistake. May i run 20 km today insteadof burrpies?

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Quoting Qed

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just for you MM in 5 mins {image}

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Quoting snail69

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EJ +5 {image}

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