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As simple as possible: 00 level trading

  • #22,701
  • Nov 25, 2014 5:31am Nov 25, 2014 5:31am
I'm off for today, have to go to work in half an hour. I'm limited to trading from 9:30 gmt to around 11:30.
This week so far i am yet to take a trade but feels like i'm winning..... WHY??
Because i have spotted some trades late and did NOT enter, saw some trade according to the rules but other factors like PA or S/R made the trades dangerous and did NOT enter.
Two weeks ago i would have entered those trades and it would have cost me.
So i feel i'm improving and that for me is winning.

Asmodai
  • #22,702
  • Nov 25, 2014 5:31am Nov 25, 2014 5:31am
i give up im always wrong ...

green pips for all you..
  • #22,703
  • Nov 25, 2014 5:35am Nov 25, 2014 5:35am
Quoting Masterrmind
Trade #5 [Bonus trade #3] GBPJPY +5 TP {image} Masterrmind............
I was watching this setup when it developed. I thought to myself: If MM is trading now i bet he will take this trade". And i wasnt wrong. Congrats MM.
  • #22,704
  • Nov 25, 2014 5:40am Nov 25, 2014 5:40am
Quoting Kubiasty
{quote} Masterrmind Why did you not wait for CANDLE CLOSE ?? Just price cross.. ?
Chart analysis!

Here is why I took this trade...please remember what I say here you will make many good trades like this if you do.

I trade only the hourly system on an M15 template.

At the start of a new hour for a short in the case of the trade I took the price must move from above and cross the next valid 00 level below which in this case was the 200 level.

1. Look at the pin bar right next door - 1 candle to the left = very good reason to seriously consider taking a short
2. Look at the resistance level over head and the fact price is pushing down lower to open my pending order (I love this setup = $$$)
3. Look at the extended wicks on most of the other candles to the left of where I entered the GJ trade = high probability setup
4. And for the killer..........I am trading into previously tested price zones = I love it a lot = very good chance my trade will hit TP = $$$

This is just the beginning of chart analysis but it is a good start for you.

Please take note of these words I say because I get many good trades from similar type setups.

Good trading,

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #22,705
  • Nov 25, 2014 5:42am Nov 25, 2014 5:42am
Udine You were selling today with candle not closed look:


Attached Image
  • #22,706
  • Nov 25, 2014 5:42am Nov 25, 2014 5:42am
Thank you Udine
  • #22,707
  • Nov 25, 2014 5:43am Nov 25, 2014 5:43am
Quoting iwan73
{quote} I was watching this setup when it developed. I thought to myself: If MM is trading now i bet he will take this trade". And i wasnt wrong. Congrats MM.
I'm sure you will understand clearly what I have just mentioned in post # 22706.

I can only wish others to also take note!

Good observation my friend and well done!

Masterrmind............
Master your Mind then Master your Trades
  • #22,708
  • Nov 25, 2014 5:44am Nov 25, 2014 5:44am
Quoting Asmodai
I'm off for today, have to go to work in half an hour. I'm limited to trading from 9:30 gmt to around 11:30. This week so far i am yet to take a trade but feels like i'm winning..... WHY?? Because i have spotted some trades late and did NOT enter, saw some trade according to the rules but other factors like PA or S/R made the trades dangerous and did NOT enter. Two weeks ago i would have entered those trades and it would have cost me. So i feel i'm improving and that for me is winning. Asmodai

well done

Udine
Sleep less, live fast, as it aint gonna last
  • #22,709
  • Nov 25, 2014 5:45am Nov 25, 2014 5:45am
Quoting Asmodai
I'm off for today, have to go to work in half an hour. I'm limited to trading from 9:30 gmt to around 11:30. This week so far i am yet to take a trade but feels like i'm winning..... WHY?? Because i have spotted some trades late and did NOT enter, saw some trade according to the rules but other factors like PA or S/R made the trades dangerous and did NOT enter. Two weeks ago i would have entered those trades and it would have cost me. So i feel i'm improving and that for me is winning. Asmodai
Yes that is a winning mentality that you are developing.

Keep on doing it!

Masterrmind...........
Master your Mind then Master your Trades
  • #22,710
  • Nov 25, 2014 5:46am Nov 25, 2014 5:46am
Quoting rochild
i give up im always wrong ... green pips for all you..

Why??

how many chart you have shown us ??

we are here to help..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,711
  • Nov 25, 2014 5:49am Nov 25, 2014 5:49am
Quoting Kubiasty
Udine You were selling today with candle not closed look: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 69 KB
  • #22,712
  • Nov 25, 2014 5:50am Nov 25, 2014 5:50am
AUDUSD TP +5
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM151248.png Size: 59 KB
  • #22,713
  • Nov 25, 2014 5:52am Nov 25, 2014 5:52am
Quoting arkan1976
AUDUSD TP +5 {image}
RmDn
  • #22,714
  • Nov 25, 2014 5:54am Nov 25, 2014 5:54am
Quoting musicant
{quote} RmDn
yes !aggggg error, donīt see it. I was lucky. Tnaks musicant.
  • #22,715
  • Nov 25, 2014 5:54am Nov 25, 2014 5:54am
My GU entry just moved on as the pair moved and found resistance on the pivot as well, the other pairs started moving so got in on same level as my first entry, just moved a bit, but first +5 in the bag
Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 54 KB
  • #22,716
  • Nov 25, 2014 5:55am Nov 25, 2014 5:55am
this starts to be addictive
GBPUSD TP +5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM151252.png Size: 62 KB
  • #22,717
  • Nov 25, 2014 5:56am Nov 25, 2014 5:56am
Trade #6 [Bonus trade #4]

EURJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #22,718
  • Nov 25, 2014 5:59am Nov 25, 2014 5:59am
Trade #1 GJ to TP
Trade #2 GU toTP Comment: this was a lucky one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ_TP.png Size: 45 KB
Click to Enlarge Name: GU_TP.png Size: 46 KB
Porta itineris dicitur longissima esse
  • #22,719
  • Nov 25, 2014 6:00am Nov 25, 2014 6:00am
Good evening from Asia,

Had two trade nice and easy after I got hm after work.

GU + 5
GJ +5

Both were in syn with momentum especially GJ showed us the wick~ seems a lot better to trade after the wick showed up~

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 140 KB
  • #22,720
  • Nov 25, 2014 6:01am Nov 25, 2014 6:01am
Quoting Kubiasty
Udine You were selling today with candle not closed look: {image}

so clearly you dont understand..

the previous candle closed and confirmed the ASH and HA, so the entry was on the candle where I entered

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