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As simple as possible: 00 level trading

  • #22,441
  • Nov 23, 2014 4:51pm Nov 23, 2014 4:51pm
Quoting Qed
If ur on a good thing stick to it ....#2 UJ>tp thats it for now , wait for retrace...... {image}


Masterrmind............
Master your Mind then Master your Trades
  • #22,442
  • Nov 23, 2014 4:53pm Nov 23, 2014 4:53pm
late for ur effort ..but I was busy LOL
Whats That? you're trading What?
  • #22,443
  • Nov 23, 2014 4:59pm Nov 23, 2014 4:59pm
Hello Udine and hello everyone!

Just wanted to say thank you to everyone here who has contributed so much!

I've been studying and playing around with forex for quite some years now but due to work and other responsibilities never could dedicate the way I wanted to, so I accepted that I had to take the long way through to learn how to trade profitably..

Udine, I see in your system something I have realized a long time ago but never really got to it. Thank you so much for sharing with us!!

For the next few weeks I intend to read this entire thread (it'll be a looong journey) so I can catch up with how the system evolved during the discussion and, hopefully, I'll be able to join you guys sharing some of my own reached TPs graphs!

Thanks again guys and soon you will hear from me again!
May the pips be ever in our favor!
  • #22,444
  • Nov 23, 2014 5:58pm Nov 23, 2014 5:58pm
Trade #2

EURUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB


Done for the day!

Masterrmind...........
Master your Mind then Master your Trades
  • #22,445
  • Nov 23, 2014 6:20pm Nov 23, 2014 6:20pm
Well done AGAIN..... ok here too#3 NJ>tp
Attached Image
Whats That? you're trading What?
  • #22,446
  • Nov 23, 2014 6:54pm Nov 23, 2014 6:54pm
Quoting Mitrabr
Hello Udine and hello everyone! Just wanted to say thank you to everyone here who has contributed so much! I've been studying and playing around with forex for quite some years now but due to work and other responsibilities never could dedicate the way I wanted to, so I accepted that I had to take the long way through to learn how to trade profitably.. Udine, I see in your system something I have realized a long time ago but never really got to it. Thank you so much for sharing with us!! For the next few weeks I intend to read this entire thread...
Welcome Mitrabr,

If you learn it and apply it correctly with sound money management and focus initially on finding 2 very good trades per day then you will be set!

All the best on your journey and please return soon to tell us your story and hopefully to post many TP charts.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #22,447
  • Nov 23, 2014 8:44pm Nov 23, 2014 8:44pm
Hello Masterrmind!
congratulations this system its very good!
where to find indicator and template?
sorry my english.
Thnx Gyula
Find it The Best Entry Points
  • #22,448
  • Nov 23, 2014 8:50pm Nov 23, 2014 8:50pm
1st Trade - TS and the trade eventually went up to profit target.... looking for my next target!

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15_24_11_2014 (TS).png Size: 46 KB


Green Pips to ALL!!!
  • #22,449
  • Nov 23, 2014 9:06pm Nov 23, 2014 9:06pm
Quoting vgyuszko
Hello Masterrmind! congratulations this system its very good! where to find indicator and template? sorry my english. Thnx Gyula
Start at Post #1 and read as much as you can.

Click on the "paperclip" symbol at the top right of the thread page and simply search for what you need.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #22,450
  • Nov 23, 2014 9:55pm Nov 23, 2014 9:55pm
Trade #3 [Bonus trade #1]

EURAUD +5 TP

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


Masterrmind...........
Master your Mind then Master your Trades
  • #22,451
  • Nov 23, 2014 10:03pm Nov 23, 2014 10:03pm
were you a little early on that 1 MM?
Whats That? you're trading What?
  • #22,452
  • Edited 11:22pm Nov 23, 2014 10:11pm | Edited 11:22pm
2nd Trade - EURJPY (+6 pips) TP Hit

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15_24_11_2014 (P).png Size: 45 KB


Masterrmind, good trade.
  • #22,453
  • Nov 23, 2014 10:26pm Nov 23, 2014 10:26pm
Quoting Qed
were you a little early on that 1 MM?
No!

I chose to wait to see what PA would do.

I still stand by that decision because if you are not sure then better you wait to see what the market does.

From a trade point of view it would have worked out better to take the trade immediately from the start of that hour but to me it would have been riskier because you are trading into potentially uncharted waters.

It worked out well for me in the end however I did go through about 6 pips of DD in that trade (which is reasonable for most trades)

I see what you mean it would have been better to wait longer on the entry in the hour my trade went to TP......funny how you never really know what is going to happen!

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #22,454
  • Nov 23, 2014 10:40pm Nov 23, 2014 10:40pm
wasnt a critisism, more of a wonder why...
Whats That? you're trading What?
  • #22,455
  • Nov 23, 2014 10:47pm Nov 23, 2014 10:47pm
Quoting Qed
wasnt a critisism, more of a wonder why...
Yes I took it as that ... no problem at all.

I was attempting to enter the trade on the initial hour not the TP hour.

That's why I waited on the entry time because of the chart setup.

As it turned out ...and in hindsight entry would have been better on the TP hour if I had of also waited for exact time of entry.

Sometimes you simply just don't know how PA is going to play out.

Best part was a TP so in the end success!

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #22,456
  • Nov 23, 2014 11:22pm Nov 23, 2014 11:22pm
Quoting piphunt3r
{quote} Regarding to the EUR/USD signal. I assume it was too close to the Daily Open? It spiked 10 pips from the 350 level before continuing down. {image}

And Draghi speaking..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,457
  • Nov 23, 2014 11:23pm Nov 23, 2014 11:23pm
Trade #4 [Bonus trade #2]

CHFJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB


Masterrmind............
Master your Mind then Master your Trades
  • #22,458
  • Nov 23, 2014 11:23pm Nov 23, 2014 11:23pm
Quoting Chake
{quote} You are absolutely right Udine, but for me this is the hardest part, some days i'm in control, some days i'm not. Old habbits die hard, and when i'm not paying attention just for a single moment i loose patience, and looking for a trade desperately. That's when the mistakes happen, and after the fact you realise you where not in control. I find it difficult to tackle this, maybe you have some tips for me.

the Burpee rule is there not for nothing..

a lot of mistakes = a lot of burpees = painfull in the end, so sooner or later you will be more carefull... or damn fit..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,459
  • Nov 23, 2014 11:24pm Nov 23, 2014 11:24pm
Hi MM

I am initially learning the 1H rules and was wondering wht settings to use with the MTF_ASH_v1.1 because i am using one hour charts i have the TimeFrame setting set to 60 however i did read somewhere on the forum that people set this to different times not just to match there charts.
I understand its not all just about indicators but just want to make sure i have them set up correctly so that they are not misleading me whilst learning.

Is there somewhere that explains what all the settings do or is it trial and error

Thanks

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  • #22,460
  • Nov 23, 2014 11:27pm Nov 23, 2014 11:27pm
Quoting leorc
Result for 2nd week of trading 00 method. Hit rate improved from 76% to 85%. A total of 91 pips gain for the week after fee. {image}

well done

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