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As simple as possible: 00 level trading

  • #23,121
  • Nov 27, 2014 8:21am Nov 27, 2014 8:21am
Quoting turboguru
Question for Udine and MM. I trade from US and trade this and a few other methods my only problem with the 5 pip is I can't trade 1% a trade cause of the margin. In US it's 50:1 I'm assuming your leverage is higher ? Its not a big deal was just wondering and not sure that I have seen it asked. Anyway great trading MM impressive for sure.
There are 3 other brokers you can use, PM me.
  • #23,122
  • Nov 27, 2014 8:27am Nov 27, 2014 8:27am
Quoting orangutangas
{quote} Appreciate to your answer, really helps I am just losing my confidence zone while getting pretty much good into a trade and get kicked out from it.. Same situation was taken on GJ trade - really do not know the answer what went wrong (GU get to SL): 1. Nice shooting star 2. No S/R level 3. Enough room to go lower 5 pips Did 185.3 worked as support level as price was struggling to move through it and finally it did? {image}
Could be a result of the Big Boys playing their games on a thin market? Google for "Forex Bank Trading Strategy Revealed" by Sterling Suhr.
  • #23,123
  • Nov 27, 2014 8:55am Nov 27, 2014 8:55am
Hello

some guys were in doubt about indicators settings, and now, i'm too.

Could you help me? This settings are correct?
Attached Image (click to enlarge)
Click to Enlarge Name: MTF_ASH_v1.1.png Size: 27 KB
Attached Image
  • #23,124
  • Nov 27, 2014 8:58am Nov 27, 2014 8:58am
Quoting Udine
{quote} first PDF & BCC with the basics then you can make the next step in your trading carreer... The MM way of trading is more difficult... so get the basics under control first .. Udine
Yes, Udine, agree 100% Been following this thread each day since it only had 100 pages 2 month of practice and now 2 month in a row do not have a loosing week with your system So trying to understand MM strategy a bit more as i see a lot of potential in it also
  • #23,125
  • Nov 27, 2014 9:05am Nov 27, 2014 9:05am
Quoting orangutangas
{quote} Yes, Udine, agree 100% Been following this thread each day since it only had 100 pages 2 month of practice and now 2 month in a row do not have a loosing week with your system So trying to understand MM strategy a bit more as i see a lot of potential in it also

Great going

Udine
Sleep less, live fast, as it aint gonna last
  • #23,126
  • Nov 27, 2014 9:07am Nov 27, 2014 9:07am
ok guys, girls,

I am out of here.. take care and stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #23,127
  • Nov 27, 2014 9:16am Nov 27, 2014 9:16am
Quoting Udine
{quote} Great going Udine
It is because of you and you dedication to help people here who are struggling
  • #23,128
  • Nov 27, 2014 11:08am Nov 27, 2014 11:08am
just a quick question, i have been placing my orders manually according to strategy
but i don't quite understand what is the function of wukar wb trail ea?
is to place orders automatically or what? sorry i am still newbie
  • #23,129
  • Nov 27, 2014 11:12am Nov 27, 2014 11:12am
Quoting vffrare
Hello some guys were in doubt about indicators settings, and now, i'm too. Could you help me? This settings are correct? {image} {image}
i think your ASH indicator should have settings 0, 5, 4, 3, 0, 1, 3, if you are using m15 strategy, because it is more sharp
  • #23,130
  • Nov 27, 2014 11:21am Nov 27, 2014 11:21am
Quoting PayZone
just a quick question, i have been placing my orders manually according to strategy but i don't quite understand what is the function of wukar wb trail ea? is to place orders automatically or what? sorry i am still newbie
Hello PayZone,

It would be better for you to place pending order (quicker) which you can find on thread,there are few version (scripts)....

Wukar-you put this EA (expert advisor) on each pair so broker cannot see your orders

Wheelbarel-you can put this EA on separate chart...When you 3.5 pip in profit it automatically put your stop loss on BE to protect your capital...

And the best help or advise for you as Newbie would be go there and start to read this thread from page 1 and everything is explain here whit great hints from Udine and Mastermind...

Regards!
  • #23,131
  • Nov 27, 2014 11:23am Nov 27, 2014 11:23am
Quoting vffrare
Hello some guys were in doubt about indicators settings, and now, i'm too. Could you help me? This settings are correct? {image} {image}
Hello vffrare,

your setting of absolute strengh histo should be same as MTF version so 0,5,4,3,0,1,3!

Regards!
  • #23,132
  • Nov 27, 2014 4:27pm Nov 27, 2014 4:27pm
Trade #1

CHFJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB


Trade #2

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB


Comment: Done for day in a heart beat...nice start to the last trading day of the week!

Bonus trades to come.............

Masterrmind............
Master your Mind then Master your Trades
  • #23,133
  • Edited 5:18pm Nov 27, 2014 4:51pm | Edited 5:18pm
i will try to post my trades too regularly, recent assian session 2 profit trades,
1. EUR/JPY tp +5.3 pips
2. GBP/USD tp +5.7 pips


Now let me explain my mindset and philosophy behind trading, i tend to open trades according to my rating system.
I usually get in position if i rate a setup with 5/5 ( potential for 90-95% win), but if its not available i will get in setup with rating 4/5 ( potential for 80% win) if i feel confident and like it.

Now lets go back to this trades:
1.Eur/JPY 4/5 rating - overall trend is up, d1 green h1 green, indicators green, i expect it to bounce of daily pivot, but i dont like range of this big candles before, its close to BRN(147) and potential resistence around that number on h1 chart

2. GBP/USD 4/5 rating - again overall trend down d1 red, h1 red, indicators red, enough space to ds1, but i dont like potential resist around 157,200, not enough poverful momentum ( that inverted hammer)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 46 KB
Click to Enlarge Name: GBPUSDM15.png Size: 43 KB
  • #23,134
  • Nov 27, 2014 5:02pm Nov 27, 2014 5:02pm
I need to say that this is the best strategy i have ever seen and it fit my personality.
I started doing it last with profit 7% , currently this fit 14% profit. So total 21% in half a month
AS i am still inexperienced i am doing it on a demo account and will continue to do so till the and of the year to mentally and practically master the strategy.
MY plan is to open a live account in january or february with balance about 1-2k,
i would be very happy in the beginning with consistent profit around 15-20% a month, think its very feasible, + coumpond effect will bring good money,
later i will probably aspire for 30- 40% monthly, which is around 2% a day and that is indeed overall goal of this strategy. CHEERS
  • #23,135
  • Nov 27, 2014 5:10pm Nov 27, 2014 5:10pm
Trade #3 [Bonus trade #1]

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB


Masterrmind............
Master your Mind then Master your Trades
  • #23,136
  • Nov 27, 2014 5:16pm Nov 27, 2014 5:16pm
Good Afternoon MM,

Of all the pairs you could choose from what stood out with this pair...of pairs.

The CJ in particular... up down up down up down...I guess it must be time to go up. We start the day with a uptrend and then start ranging. Bar before the open we get a rejection at 122.150 was that enough to jump in?

EA spinning top pings last weeks high and is immediately rejected followed by strong down candle, support is found at 1.46100. Looks like price probes lower at the open then heads up toward last weeks high. Isn't that risky?

Anyway what would I know, I'm new at this.

No offense meant, but it was good to see you are mortal, having a very rare -10 yesterday

I'm only jealous!

Thanks for all your thoughtful input to this thread.

Rapid
  • #23,137
  • Nov 27, 2014 5:22pm Nov 27, 2014 5:22pm
Quoting rapidedward
Good Afternoon MM, Of all the pairs you could choose from what stood out with this pair...of pairs. The CJ in particular... up down up down up down...I guess it must be time to go up. We start the day with a uptrend and then start ranging. Bar before the open we get a rejection at 122.150 was that enough to jump in? EA spinning top pings last weeks high and is immediately rejected followed by strong down candle, support is found at 1.46100. Looks like price probes lower at the open then heads up toward last weeks high. Isn't that risky? Anyway what...
Its ok to be new at this.......as I too was new once and still continue to learn....you never ever stop learning when it comes to trading.

The only difference is that after a long time you see things better and usually clearer and more importantly you know what setup looks good and which ones you should probably avoid.

Its a massive learning curve from starting out to being consistent week in week out.

Enjoy the journey

Masterrmind............
Master your Mind then Master your Trades
  • #23,138
  • Nov 27, 2014 5:35pm Nov 27, 2014 5:35pm
Quoting PayZone
I need to say that this is the best strategy i have ever seen and it fit my personality. I started doing it last with profit 7% , currently this fit 14% profit. So total 21% in half a month AS i am still inexperienced i am doing it on a demo account and will continue to do so till the and of the year to mentally and practically master the strategy. MY plan is to open a live account in january or february with balance about 1-2k, i would be very happy in the beginning with consistent profit around 15-20% a month, think its very feasible, + coumpond...
I think Udine would be very happy with your comment as I too am very happy with what you have said.

Really good to see a trader applying the method well.

You will find that as your account grows there comes a time when you actually want to reduce the risk on your trades because you don't want to be in any hurry to give back any of that money to the market!

Once your account really starts to grow the compounding affect will be far less based on any withdrawals that you decide to make.
It is a challenge to start compounding an account over say a year without taking at least some money out of your account.

I wish you well with your goal......... its a good thing to have goals as long as they are achievable and I think 2% is achievable (actually I'm sure it is)

Good luck with your trading,

Masterrmind............
Master your Mind then Master your Trades
  • #23,139
  • Nov 27, 2014 6:55pm Nov 27, 2014 6:55pm
Trade #4 [Bonus trade #2]

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB


Comment: timing!

Masterrmind.............
Master your Mind then Master your Trades
  • #23,140
  • Nov 27, 2014 7:43pm Nov 27, 2014 7:43pm
Trade #5 [Bonus trade #3]

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
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