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As simple as possible: 00 level trading

  • #22,061
  • Nov 19, 2014 7:36pm Nov 19, 2014 7:36pm
Flx69 : Additional Username

Why Udine ?
  • #22,062
  • Nov 19, 2014 9:16pm Nov 19, 2014 9:16pm
Another Asian Session, and done for the day, Trades 1 and 3, GJ TP x2. If only they were all this simple.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 49 KB


Trade #2 was TS
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 40 KB


Udine, would you trade the candle following this, as it crosses the DO?
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 49 KB

I didn't (which turned out to be a good thing) I don't want to be trading as the DO is being crossed. Shows that the market is uncertain to me.
Working on my baby steps to independence.

Stay green during London and New York all.
War. Is my profession.
  • #22,063
  • Nov 19, 2014 9:26pm Nov 19, 2014 9:26pm
Trade #1

GBPJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


Trade #2

CHFJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 44 KB


Trade #3 [Bonus trade #1]

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 45 KB


Comment: Patience and timing paid off!

Masterrmind...........
Master your Mind then Master your Trades
  • #22,064
  • Nov 19, 2014 9:37pm Nov 19, 2014 9:37pm
Quoting Kubiasty
{quote} Hey, where I can download Market News from forex factory indicator?
The paperclip in the upper right of the thread. It's called News Cal 1.07 I believe. If you search for Forex Factory News Calendar MT4 you'll get several different indicators.
War. Is my profession.
  • #22,065
  • Nov 19, 2014 10:05pm Nov 19, 2014 10:05pm
Trade #4 [Bonus trade #2]

AUDCHF +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #22,066
  • Nov 19, 2014 10:17pm Nov 19, 2014 10:17pm
Trade #5 [Bonus trade #3]

AUDUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #22,067
  • Nov 19, 2014 10:22pm Nov 19, 2014 10:22pm
Trade #6 [Bonus trade #4]

EURJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB


Comment: This is traders paradise!

Masterrmind...........
Master your Mind then Master your Trades
  • #22,068
  • Nov 19, 2014 10:29pm Nov 19, 2014 10:29pm
Quoting Masterrmind
Trade #6 [Bonus trade #4] EURJPY +5 TP {image} Comment: This is traders paradise! Masterrmind...........

It is one of those runner days of the week.

Good you nailed quite some.
  • #22,069
  • Nov 19, 2014 10:34pm Nov 19, 2014 10:34pm
all glitter for me today MM
Whats That? you're trading What?
  • #22,070
  • Nov 19, 2014 11:04pm Nov 19, 2014 11:04pm
Quoting Masterrmind
Trade #6 [Bonus trade #4] EURJPY +5 TP {image} Comment: This is traders paradise! Masterrmind...........
Mastermind,
What is your criteria to trade a pair? Spread, minimum daily range etc. I often see you posting trades on pairs I won't ever look at. Do you follow all the pairs on the PsyLevels Dashboard you keep on your chart? Or is that just a reference tool to see the general market sentiment of all the pairs at once?

I am continually surprised at your skillful trades. You are and Udine are quite the inspiration for the method.
War. Is my profession.
  • #22,071
  • Nov 19, 2014 11:49pm Nov 19, 2014 11:49pm
Quoting snail69
{quote} It is one of those runner days of the week. Good you nailed quite some.
Yes a great day!

And its only just beginning..... time for careful trading!

Masterrmind............
Master your Mind then Master your Trades
  • #22,072
  • Nov 19, 2014 11:51pm Nov 19, 2014 11:51pm
Quoting Qed
all glitter for me today MM
I was very busy this morning scalping gold...up and down....up and down!

Masterrmind..........
Master your Mind then Master your Trades
  • #22,073
  • Nov 20, 2014 12:03am Nov 20, 2014 12:03am
I can imagine .........
Whats That? you're trading What?
  • #22,074
  • Nov 20, 2014 12:03am Nov 20, 2014 12:03am
Quoting L0pg
{quote} Mastermind, What is your criteria to trade a pair? Spread, minimum daily range etc. I often see you posting trades on pairs I won't ever look at. Do you follow all the pairs on the PsyLevels Dashboard you keep on your chart? Or is that just a reference tool to see the general market sentiment of all the pairs at once? I am continually surprised at your skillful trades. You are and Udine are quite the inspiration for the method.
That might take a book to answer your question.

My charts are big hints too....you will see how on many occasions I take trades (say if I'm shorting a pair) after PA has gone up and then turned (retraced downward). I take many many winners from this simple strategy. No secret to those winners...just timing and the right pair.

Other techniques have been vaguely mentioned throughout the thread but includes many factors and trading techniques (PA, candle stick patterns, session behaviors, reversals, continuations, momentum, keeping up with what's going on in the world .... not too much of a concern with a 5 pip TP but vital for other methods and several other trading techniques)

Anyone can learn these techniques but you must be dedicated to the core otherwise it will likely be a continual struggle.

I usually analyse 16-20 pairs (not always though) but sometimes just a handful (6 or so).
I grab trades from gold and silver at times (gold more so than silver).

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #22,075
  • Nov 20, 2014 12:08am Nov 20, 2014 12:08am
I cannot further emphasize the importance of reading this thread from page 1. It took me a good 4 weeks to finish reading and I am still eager to learn from each and everyone of you. Special thanks to Udine for sharing his trading system and knowledge, Masterrmind for his trading charts and to all of you whom has contributed endlessly to this thread. I look forward to learning with all of you on this journey in attaining green pips each day. My entries for today.

Trade 1 - USDJPY [5 pips]

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15_20_11_2014.png Size: 42 KB


Trade 2 - EURJPY [1 pip-TS] and [8 pips] - not sure why EA did not close trade at 5 pips and I had to close the trade manually.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15_20_11_2014.png Size: 37 KB


These trades were executed within two hours. Will be hunting for bonus trades at lower trade size.

Green Pips to All!!!
  • #22,076
  • Nov 20, 2014 12:11am Nov 20, 2014 12:11am
Wow, I was looking forward to the new trading day so much that I woke up four hours early. I am ready for a great day with lots of green pips!
  • #22,077
  • Nov 20, 2014 12:21am Nov 20, 2014 12:21am
Quoting Aim4Pips
I cannot further emphasize the importance of reading this thread from page 1. It took me a good 4 weeks to finish reading and I am still eager to learn from each and everyone of you. Special thanks to Udine for sharing his trading system and knowledge, Masterrmind for his trading charts and to all of you whom has contributed endlessly to this thread. I look forward to learning with all of you on this journey in attaining green pips each day. My entries for today. Trade 1 - USDJPY [5 pips] {image} Trade 2 - EURJPY [1 pip-TS] and [8 pips] - not sure...
Welcome and may green pips stay with you !
  • #22,078
  • Nov 20, 2014 12:28am Nov 20, 2014 12:28am
Good morning guys,

I see nice green pips from tokyo open, gratz to all!

After Frankfurt and London open I think that we need to be careful today, lots of red news during the day, we will see...

Good luck!
  • #22,079
  • Nov 20, 2014 12:39am Nov 20, 2014 12:39am
Quoting Dannyiow
Hi Udine, Please excuse my naivety, this is my 1st venture into forex and want to eagerly learn how to make consistant money using your system. I bow to your wealth of experience and seek to get the chart(s) up and loaded ASAP. Can you please offer me a quick noddy guide of how to set up the charts? Then, when I read through the thousands of responses I can relate them to the charts. I have read the 1st post and feel I have a tremendous amount to learn. Cheers, Danny

Sorry Dannyiow,

that is something you have to work out for yourself, that takes up too much time to start from zero..

start to learn at www.babypips.com/school

good luck

Udine
Sleep less, live fast, as it aint gonna last
  • #22,080
  • Nov 20, 2014 12:41am Nov 20, 2014 12:41am
Quoting TiouK
Flx69 : Additional Username Why Udine ?

no idea, he was two days trading with me, the first day all worked like a charm and yesterday morning he was branded like that..

already send a PM to TWEE..(administrator of Forexfactory.com)

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