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As simple as possible: 00 level trading

  • #22,281
  • Nov 21, 2014 4:00am Nov 21, 2014 4:00am
Quoting jlee425
{quote} 3. Frankfurt open only .400/.500/.600 levels 7. No trading 1 hour before RED NEWS on the pair 8. No trading less than 30 minutes after RED NEWS in the pair I followed these rules. I traded EURUSD more than 1 hour before red news. I traded after 30 min after red news. So is rule #3 not for newbies?

mentioned several times in the thread... I believe also yesterday..

trading is not black and white..

the rules are basic guidelines... then you need to start to use your head and two best indicators.. left eye and right eye..

and look for REASONS NOT TO TAKE A TRADE...

all you need to do is find LOW RISK ENTRIES FOR HIGH PROBABILITY WINS

go read the thread, its all in there..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,282
  • Nov 21, 2014 4:03am Nov 21, 2014 4:03am
Quoting jlee425
{quote} 3. Frankfurt open only .400/.500/.600 levels 7. No trading 1 hour before RED NEWS on the pair 8. No trading less than 30 minutes after RED NEWS in the pair I followed these rules. I traded EURUSD more than 1 hour before red news. I traded after 30 min after red news. So is rule #3 not for newbies?
Maybe when the news is a conference , there is few risk if wait until the end of that conference (it is only my opinion )
Before i was very lucky (maybe)
  • #22,283
  • Nov 21, 2014 4:04am Nov 21, 2014 4:04am
not my decision MM... TS used once 1st target reached ... allowed 85 pips .. not greedy
Whats That? you're trading What?
  • #22,284
  • Nov 21, 2014 4:14am Nov 21, 2014 4:14am
Decided to open this trade after it cleared out below the "noise" to the left of chart and let it run for awhile.

GU +35 pips

Attached Image (click to enlarge)
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I guess burpees might be coming my way soon.......

Masterrmind...........
Master your Mind then Master your Trades
  • #22,285
  • Nov 21, 2014 4:15am Nov 21, 2014 4:15am
2 TP today so far.

GU short at LO and short again at the begining of this hour (reduced posision size because price is far below DO and it wasnt ASH and HA colour change)
  • #22,286
  • Nov 21, 2014 4:15am Nov 21, 2014 4:15am
Quoting Qed
not my decision MM... TS used once 1st target reached ... allowed 85 pips .. not greedy
Not at all.

It will help to pay for the lamb chops next time around........

Masterrmind.............
Master your Mind then Master your Trades
  • #22,287
  • Nov 21, 2014 4:28am Nov 21, 2014 4:28am
Quoting Masterrmind
{quote} Not at all. It will help to pay for the lamb chops next time around........ Masterrmind.............
I'm wondering what your winning rate is

According to your posted charts it looks like 100 percent :-)
  • #22,288
  • Nov 21, 2014 4:37am Nov 21, 2014 4:37am
Boom.

AU +5
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  • #22,289
  • Nov 21, 2014 4:37am Nov 21, 2014 4:37am
audusd BOOM! +8.4 pips.
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  • #22,290
  • Nov 21, 2014 4:37am Nov 21, 2014 4:37am
Id be happy with 100% @5pts a time ... what brings people undone is going for 6....
Whats That? you're trading What?
  • #22,291
  • Nov 21, 2014 4:47am Nov 21, 2014 4:47am
Last trade today.

Pending order .8640 placed at time of candle marked with red arrow. Let this order wait because nothing wrong wasnt happened on the chart.
And suprise... sudden upmove and huge slippage from my broker let me earn 25 pips.

Yasterday it was my birthday so i think this trade is late birthday gift from market. Thank you Mr Market and my broker.
Attached Image (click to enlarge)
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  • #22,292
  • Nov 21, 2014 4:49am Nov 21, 2014 4:49am
Quoting piphunt3r
{quote} I'm wondering what your winning rate is According to your posted charts it looks like 100 percent :-)
Strike rate is good using this method.

What makes it better is trading with intelligence and market wit.

You can never beat experience except to get more of it!

Good trading,

Masterrmind..........
Master your Mind then Master your Trades
  • #22,293
  • Nov 21, 2014 4:51am Nov 21, 2014 4:51am
Quoting iwan73
Last trade today. Pending order .8645 placed at time of candle marked with red arrow. Let this order wait because nothing wrong wasnt happened on the chart. And suprise... sudden upmove and huge slippage from my broker let me earn 25 pips. Yasterday it was my birthday so i think this trade is late birthday gift from market. Thank you Mr Market and my broker. {image}
Excellent iwan73....

Lovely gift indeed and happy birthday for yesterday....

21 are we?

Masterrmind............
Master your Mind then Master your Trades
  • #22,294
  • Nov 21, 2014 4:57am Nov 21, 2014 4:57am
yeh WELL DONE Iwan73 .. age brings wisdom ......
Whats That? you're trading What?
  • #22,295
  • Nov 21, 2014 4:58am Nov 21, 2014 4:58am
Quoting Masterrmind
{quote} Excellent iwan73.... Lovely gift indeed and happy birthday for yesterday.... 21 are we? Masterrmind............
Thanks MM.
I wish it would be 21 . I could even give this trade back to still be 21.
I still cant belive but i am 41
  • #22,296
  • Nov 21, 2014 5:02am Nov 21, 2014 5:02am
41!!!!! Ill swap you 20 or more .....
Whats That? you're trading What?
  • #22,297
  • Nov 21, 2014 5:03am Nov 21, 2014 5:03am
usdcad +6.1
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  • #22,298
  • Nov 21, 2014 5:16am Nov 21, 2014 5:16am
Quoting iwan73
{quote} Thanks MM. I wish it would be 21 . I could even give this trade back to still be 21. I still cant belive but i am 41

still a young guy...

congratulations..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,299
  • Nov 21, 2014 5:31am Nov 21, 2014 5:31am
Quoting Udine
{quote} still a young guy... congratulations.. Udine
Thank you Udine.
  • #22,300
  • Nov 21, 2014 5:34am Nov 21, 2014 5:34am
Great job for the week so far!
Attached Image


Good luck to everybody.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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