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As simple as possible: 00 level trading

  • #22,741
  • Nov 25, 2014 6:21am Nov 25, 2014 6:21am
Quoting Udine
{quote} a lucky one when the price moves below the Daily open, you need to wait for a color change and then a signal must come.. so patience, that was no entry, but you were lucky to get your 5 pips.. Udine
Which one color??? There were ALL RED things.... so which one color change?
  • #22,742
  • Nov 25, 2014 6:22am Nov 25, 2014 6:22am
Quoting tantor1973
Trade # 3 5 pips, reason to take the trade, rejection of resistance at 147.00. I entered to soon an probably to risky since i have daily pivot and support under. {image}

patience...

let the trade come to you.. if it does not come, then it was no good anyway

Udine
Sleep less, live fast, as it aint gonna last
  • #22,743
  • Nov 25, 2014 6:25am Nov 25, 2014 6:25am
Quoting iwan73
Everybody earn money , not me. I still hold my pending Sell Stop EU 4230
I would close the order. In about an hour we have USD red news.
  • #22,744
  • Nov 25, 2014 6:25am Nov 25, 2014 6:25am
Quoting Kubiasty
{quote} Which one color??? There were ALL RED things.... so which one color change?

price must come down more, then retrace (color change: below daily open line ASH or HA turn to green) and then turn back to red... THEN AND ONLY THEN you have a possible entry

Udine
Sleep less, live fast, as it aint gonna last
  • #22,745
  • Nov 25, 2014 6:28am Nov 25, 2014 6:28am
Guys, girls,

remember the rules are the basic outlines for a possible trade set up, then it is up to you to check for reasons not to take a trade...

if you cannot find a reason not to take a trade, then you have found a low risk entry..

that will come with experience, but I see a lot of basic trading questions/remarks.. Take time to study A LOT and not only this method, but trading in general!!!

Udine
Sleep less, live fast, as it aint gonna last
  • #22,746
  • Nov 25, 2014 6:29am Nov 25, 2014 6:29am
Quoting Udine
{quote} Iwan add the MTF ASH.. that one is still green, so no short entry yet... you could have prevented this entry and possible loss.. Udine
I was overthinking about GU loss trade and GJ i miss that i didnt check ASH H1 befor setting order. I canceled pending. Thanks so much Udine.
  • #22,747
  • Nov 25, 2014 6:29am Nov 25, 2014 6:29am
Quoting iwan73
Everybody earn money , not me. I still hold my pending Sell Stop EU 4230
EU was clearly in Ranging phrase~ better trade YEN pairs~
  • #22,748
  • Nov 25, 2014 6:32am Nov 25, 2014 6:32am
Quoting Udine
{quote} price must come down more, then retrace (color change: below daily open line ASH or HA turn to green) and then turn back to red... THEN AND ONLY THEN you have a possible entry Udine
So it must look like this:

Attached Image (click to enlarge)
Click to Enlarge Name: entry probability.png Size: 7 KB
  • #22,749
  • Nov 25, 2014 6:34am Nov 25, 2014 6:34am
Quoting Kubiasty
{quote} So it must look like this: {image}
PERFECT !!

Udine
Sleep less, live fast, as it aint gonna last
  • #22,750
  • Nov 25, 2014 6:36am Nov 25, 2014 6:36am
Quoting Udine
{quote} you clearly dont understand Multi Time Frame ...
Clearly..

Thanks for that..so you place your pending order when all rules are in alignment, then the MTF changes, do you cancel the pending order or am I still not getting it.

Be gentle I've being awake for nineteen hours...

Rapid.
  • #22,751
  • Nov 25, 2014 6:36am Nov 25, 2014 6:36am
Can you show me here mistakes? Whats wrong? Or good?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 79 KB
  • #22,752
  • Nov 25, 2014 6:38am Nov 25, 2014 6:38am
Quoting Kubiasty
Can you show me here mistakes? Whats wrong? Or good? {image}

the MTF ASH is still green = no trade..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,753
  • Nov 25, 2014 6:41am Nov 25, 2014 6:41am
Quoting Udine
{quote} the MTF ASH is still green = no trade.. Udine
Ahhhh!! Thanks I didnt seen that! baaah!! my bad
  • #22,754
  • Nov 25, 2014 6:43am Nov 25, 2014 6:43am
Trading performance for today is as follows:

Attached Image


The goal for the time being is to see if 10% / day is consistently achievable.

A challenge for myself if you will.

ps. and NY still to come...........

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #22,755
  • Nov 25, 2014 6:45am Nov 25, 2014 6:45am
Quoting Masterrmind
Trading performance for today is as follows: {image} The goal for the time being is to see if 10% / day is consistently achievable. A challenge for myself if you will. ps. and NY still to come........... Good trading, Masterrmind...........
you are a machine !!!
congratulations !
  • #22,756
  • Nov 25, 2014 6:46am Nov 25, 2014 6:46am
This candles and indicators are repainting!! ;-0 ;-/

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 67 KB
  • #22,757
  • Nov 25, 2014 6:46am Nov 25, 2014 6:46am
EURUSD +1 ,
closed manually, two reasons : red news and, the most important , itīs time to eat !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM151344.png Size: 64 KB
  • #22,758
  • Nov 25, 2014 6:49am Nov 25, 2014 6:49am
Quoting arkan1976
{quote} you are a machine !!! congratulations !
I see no reason why anyone can't achieve this with the right experience and the right mindset for trading however better to go for 2% per day.

I guess (no actually I'm very sure!) I love to challenge myself in the interests of improving.

It's also fun lets be honest!

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #22,759
  • Nov 25, 2014 6:49am Nov 25, 2014 6:49am
Quoting Kubiasty
This candles and indicators are repainting!! ;-0 ;-/ {image}
Hi Kubiasty,

See post 22731

Rapid
  • #22,760
  • Nov 25, 2014 6:54am Nov 25, 2014 6:54am
Quoting Masterrmind
{quote} Please go to the following as I have outlined the reasons to a certain level very clearly: Post #22706 Masterrmind...........
right. Sorry.
Porta itineris dicitur longissima esse
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