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As simple as possible: 00 level trading

  • #22,321
  • Nov 21, 2014 6:36am Nov 21, 2014 6:36am
Quoting bluexpec
{quote} As simple as that!! Thanks buddy



Udine
Sleep less, live fast, as it aint gonna last
  • #22,322
  • Nov 21, 2014 6:40am Nov 21, 2014 6:40am
Quoting Qed
what color did the next candle open Arkan?
green
  • #22,323
  • Nov 21, 2014 6:41am Nov 21, 2014 6:41am
Quoting arkan1976
usdjpy SL -10 pips {image}

stick to the 4 pairs I am looking at...

Udine
Sleep less, live fast, as it aint gonna last
  • #22,324
  • Nov 21, 2014 6:42am Nov 21, 2014 6:42am
Quoting Masterrmind
Trade #10 [Bonus trade #8] GBPJPY +5 TP {image} Masterrmind...........
Hi MM compliments, as usual-
How did you spot this ? Only by the previous pinbar candle ? Anyhow a real champion trade !!
Porta itineris dicitur longissima esse
  • #22,325
  • Nov 21, 2014 6:42am Nov 21, 2014 6:42am
Quoting Udine
{quote} stick to the 4 pairs I am looking at... Udine
ok
  • #22,326
  • Nov 21, 2014 6:49am Nov 21, 2014 6:49am
Trade #11 [Bonus trade #9]

USDJPY +5 TP

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


Masterrmind...........
Master your Mind then Master your Trades
  • #22,327
  • Nov 21, 2014 6:50am Nov 21, 2014 6:50am
so if it opened green why did you SHORT? if it opened red then went to S?L ok thats bad luck ,,but it opened green ...patience pays,,,,,
Whats That? you're trading What?
  • #22,328
  • Nov 21, 2014 6:53am Nov 21, 2014 6:53am
so dem big uppershadows yelled out "short me MM"?
Whats That? you're trading What?
  • #22,329
  • Nov 21, 2014 6:59am Nov 21, 2014 6:59am
Quoting Masterrmind
Trade #11 [Bonus trade #9] USDJPY +5 TP {image} Masterrmind...........
Mmmmmmmmmmm !!!! !
  • #22,330
  • Nov 21, 2014 7:03am Nov 21, 2014 7:03am
Quoting bubincka
{quote} Hi MM compliments, as usual- How did you spot this ? Only by the previous pinbar candle ? Anyhow a real champion trade !!
Pin bar reversal candle is the obvious reason but........

Wick more than double the length of its body and momentum drying up was the catalyst required to place the order.

You might find the UJ trade I took later even more interesting!

Masterrmind...........
Master your Mind then Master your Trades
  • #22,331
  • Nov 21, 2014 7:08am Nov 21, 2014 7:08am
Quoting Qed
so dem big uppershadows yelled out "short me MM"?
Shorting .......... exactly right!

Masterrmind........
Master your Mind then Master your Trades
  • #22,332
  • Nov 21, 2014 7:10am Nov 21, 2014 7:10am
easy as to see them after the fact .... (was watching another xau long )
Whats That? you're trading What?
  • #22,333
  • Nov 21, 2014 7:10am Nov 21, 2014 7:10am
Quoting Qed
so if it opened green why did you SHORT? if it opened red then went to S?L ok thats bad luck ,,but it opened green ...patience pays,,,,,
Note the candle that I entered on and why you think I did that?

actually you kind of already answered it anyway with the "patience"

Its patience and timing..........

Masterrmind..........
Master your Mind then Master your Trades
  • #22,334
  • Nov 21, 2014 7:11am Nov 21, 2014 7:11am
Quoting Udine
{quote} you could expect a worse than normal week, by simply looking at the calendar with all the red news coming out during the week spread over the days and hours.. So you can block out those times of your trading window... which means less opportunities.. So when you know that at the start of the week, you know the situation and can wait patiently for the set ups that might appear.. and simply accept what the market is willing to give that week... PDF & BCC Udine
That's right, there were several days with the pairs at their red RmUp/RmDn for the most of the day. I noticed that the M15 system behaves well in a "normal" market with medium-term intraday trends, giving enough time for a retracement to appear that we're looking for. This week most of the movements were very sharp, turning to sidelines. So you either sit on the sidelines or use either methods to enter the trades.
Just my question was about how common this market behavior was, do you see it frequently?
  • #22,335
  • Nov 21, 2014 7:12am Nov 21, 2014 7:12am
I was talking to Arkan re green candle I was bit slow replying to him ....LOl hehe you entered on green candle on way back down after the upper wick I rekn .. sometimes u just gotta grab the moment
Whats That? you're trading What?
  • #22,336
  • Edited 7:32am Nov 21, 2014 7:14am | Edited 7:32am
Quoting Dannyiow
Hi Udine, Sorry to bother you again. Can you please explain what serials: 3,4,5,6&12 in your 'Summary Trading Rules' mean? Cheers, Danny
Hi Udine,

Could you please view my post on Pg 1110, Post 22,199 and, if possible, offer me some advice on it?

Manny thanks,

Danny
P.S. I am working through the baby pips school as suggested. Thanks.
  • #22,337
  • Nov 21, 2014 7:17am Nov 21, 2014 7:17am
Quoting Stingr
{quote} That's right, there were several days with the pairs at their red RmUp/RmDn for the most of the day. I noticed that the M15 system behaves well in a "normal" market with medium-term intraday trends, giving enough time for a retracement to appear that we're looking for. This week most of the movements were very sharp, turning to sidelines. So you either sit on the sidelines or use either methods to enter the trades. Just my question was about how common this market behavior was, do you see it frequently?

1. I sit on the sidelines (read, watch documentaries, learn, or teach)
2. no other methods, better be good at one method than mediocre at several
3. look at the ff calendar and you tell me..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,338
  • Nov 21, 2014 7:17am Nov 21, 2014 7:17am
Quoting Qed
I was talking to Arkan re green candle I was bit slow replying to him ....LOl
That's all good.......

Masterrmind........
Master your Mind then Master your Trades
  • #22,339
  • Nov 21, 2014 7:19am Nov 21, 2014 7:19am
Quoting Dannyiow
{quote} Hi Udine, Could you please view my post on Pg 1110, Post 22,199 and, if possible, offer me some advice on it? Manny thanks, Danny P.S. I am working through the baby pips school as suggested. Thanks.

Danny,

its all explained several times in the thread, otherwise maybe somebdoy else might want to answer for me..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,340
  • Nov 21, 2014 7:20am Nov 21, 2014 7:20am
Quoting Masterrmind
{quote} That's all good....... Masterrmind........
MM,

Greetings. Are you looking for bounce off DP or DO on the GBPUSD?....of course all other signals apply.

Lionsden
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