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As simple as possible: 00 level trading

  • #23,261
  • Nov 28, 2014 6:10am Nov 28, 2014 6:10am
Quoting GoForPip
{quote} Took the same one out by TS. It was so close to TP and just now broke 185.65 lvl {image}

Hi can you please share where these indicators are. They are not part of posts on page 1.
  • #23,262
  • Nov 28, 2014 6:14am Nov 28, 2014 6:14am
anybody pending long GJ @.700 ? I know DR1 is up above, just asking..
Porta itineris dicitur longissima esse
  • #23,263
  • Nov 28, 2014 6:18am Nov 28, 2014 6:18am
Quoting bubincka
anybody pending long GJ @.700 ? I know DR1 is up above, just asking..
For me itīs not a low risk entry! So i will be on sideline!

Greetz Michael
  • #23,264
  • Nov 28, 2014 6:23am Nov 28, 2014 6:23am
Quoting mwsteiner
{quote} For me itīs not a low risk entry! So i will be on sideline! Greetz Michael
Right. I've been very lucky to be TSed with a small profit..
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_TS.png Size: 48 KB
Porta itineris dicitur longissima esse
  • #23,265
  • Nov 28, 2014 6:28am Nov 28, 2014 6:28am
G/U TP +5 PIPS
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 2.png Size: 46 KB
  • #23,266
  • Nov 28, 2014 6:28am Nov 28, 2014 6:28am
Finally I got GU to TP [H1]
Comment: as soon as i saw trend reversing on GJ I placed short pending order on GU since from LO they moved almost perfectly in sync.
Attached Image (click to enlarge)
Click to Enlarge Name: GU_TP.png Size: 46 KB
Porta itineris dicitur longissima esse
  • #23,267
  • Nov 28, 2014 6:36am Nov 28, 2014 6:36am
My latest trades. Got the GU earlier too.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 90 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 97 KB
  • #23,268
  • Nov 28, 2014 6:43am Nov 28, 2014 6:43am
Quoting bubincka
{quote} Hi MM, some hints on CHFJPY ? with all thos bars up&down it is an enigma
The CHFJPY trade uses a different technique, once you see it you will not believe your eyes.

When you have some free time have a good long look at it if you wish.

Then I'll give you some hints...

Masterrmind............
Master your Mind then Master your Trades
  • #23,269
  • Nov 28, 2014 6:57am Nov 28, 2014 6:57am
Quoting Masterrmind
{quote} The CHFJPY trade uses a different technique, once you see it you will not believe your eyes. When you have some free time have a good long look at it if you wish. Then I'll give you some hints... Masterrmind............
Hi MM may you have some comments to GJ.

Would that be a valid buy signal for you?
First candle was to risky for me so i was on sidline. After the bearish candle (with nice leg) i was thinking to go in @700 to test the R1. (it happens but i havnīt trade it)

Thanks in advance

Greetz Michael
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15analyse.png Size: 54 KB
  • #23,270
  • Nov 28, 2014 7:09am Nov 28, 2014 7:09am
Trade #7 [Bonus trade #5]

EURCAD +5 TP

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


Comment: prior to London @ reduced risk....had to go out and let it run its course.....ended well!

Trade #8 [Bonus trade #6]

AUDUSD +5 TP

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


Trade #9 [Bonus trade #7]

GBPUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 45 KB


Comment: Missed almost all of the London session today except for these 2 trades!

EDIT GBPUSD just hit TP so I added it to this list!

Masterrmind............
Master your Mind then Master your Trades
  • #23,271
  • Nov 28, 2014 7:10am Nov 28, 2014 7:10am
Quoting Masterrmind
{quote} The CHFJPY trade uses a different technique, once you see it you will not believe your eyes. When you have some free time have a good long look at it if you wish. Then I'll give you some hints... Masterrmind............
Hi Master, I'll follow your advice. I'm beginning to see something on your charts so it's good. Thank you.
Porta itineris dicitur longissima esse
  • #23,272
  • Nov 28, 2014 7:11am Nov 28, 2014 7:11am
Quoting bubincka
{quote} Hi Master, I'll follow your advice. I'm beginning to see something on your charts so it's good. Thank you.
Hint: The answer for this trades placement is dead simple but very difficult to isolate.

I hope you find the reason...........good luck!

Masterrmind............ :nerd:
Master your Mind then Master your Trades
  • #23,273
  • Nov 28, 2014 7:13am Nov 28, 2014 7:13am
Quoting Masterrmind
Trade #7 [Bonus trade #5] EURCAD +5 TP {image} Comment: prior to London @ reduced risk....had to go out and let it run its course.....ended well! Trade #8 [Bonus trade #6] AUDUSD +5 TP {image} Comment: Missed almost all of the London session today except for this trade! Masterrmind............
Nice!

Drawdown from Bonustrade 7 EURCAD i guess was 9.9 pips ;-)
  • #23,274
  • Nov 28, 2014 7:22am Nov 28, 2014 7:22am
Quoting Stingr
Hello everyone, Some time ago I wrote to MrTD asking him to adjust his trading scripts for 50 levels, and he sent them yesterday. Tested them today - working well. There are two scripts: one sets a buy stop order at the nearest 50 or 00 level, another one sets sell stop order at the nearest 50 or 00 level. The global settings script remains the same, but I'm attaching it anyway. Thank you MrTD! It's really convenient to set hot keys for them. I've set hot keys for BUY ctrl+W, for SELL ctrl+S. And I'm also attaching a script that cancels all pending...
Sorry for noobies but how change values for "global" script... I mean ..when i change set inside that script i suppose the other (buy and sell) have to take that global setting or not?
Every time i change set , seems does't ahve any effect and when i reopen it it's always with ootb setting.
Any suggests?
Kind regards
  • #23,275
  • Nov 28, 2014 7:35am Nov 28, 2014 7:35am
Quoting mwsteiner
{quote} Hi MM may you have some comments to GJ. Would that be a valid buy signal for you? First candle was to risky for me so i was on sidline. After the bearish candle (with nice leg) i was thinking to go in @700 to test the R1. (it happens but i havnīt trade it) Thanks in advance Greetz Michael {image}
First of all never try to test the market or major resistance levels/zones.

The market will win every time.

The mentality should be ..... how can I position myself to take advantage of what the chart is presenting to me!

I kinda know what you were trying to say so I'm just having a friendly dig!

I like the way you are starting to analyse your charts...that's good.

The question you ask should be answered by yourself because it is you who pulls the trigger and takes the trade or not.

You did not take the trade! I think you made the right decision!

Perhaps I would have taken the trade but perhaps not.

Its ok to miss a trade....... you are at least guaranteed of no loss!

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #23,276
  • Nov 28, 2014 7:39am Nov 28, 2014 7:39am
Quoting piphunt3r
{quote} Nice! Drawdown from Bonustrade 7 EURCAD i guess was 9.9 pips ;-)
Very close!

Masterrmind.............
Master your Mind then Master your Trades
  • #23,277
  • Nov 28, 2014 7:41am Nov 28, 2014 7:41am
Trade #10 [Bonus trade #8]

GBPJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Masterrmind............
Master your Mind then Master your Trades
  • #23,278
  • Nov 28, 2014 7:48am Nov 28, 2014 7:48am
Quoting Masterrmind
Trade #10 [Bonus trade #8] GBPJPY +5 TP {image} Masterrmind............
same trade here.

Thanks for your liquidity Masterrmind :-)
  • #23,279
  • Nov 28, 2014 7:53am Nov 28, 2014 7:53am
Quoting piphunt3r
{quote} same trade here. Thanks for your liquidity Masterrmind :-)


Masterrmind...........
Master your Mind then Master your Trades
  • #23,280
  • Nov 28, 2014 7:59am Nov 28, 2014 7:59am
Quoting Zokynho
{quote} Yes i told you that he enter on M15 method but before few weeks this method didn't exist so I wonder what would be reason to avoid this trade based on H1! Regards
Udine has given us the strategy to find trades but we must use our experience and knowledge to find reasons not to trade them. If you can find any reason not to take a trade then don't. In your example there was clearly a reason not to take it, as Musicant has described.

You will see examples posted in this thread of exactly the same situation but where the price has pushed through the resistance. But they are not low risk trades.

Think about minimising the risk of failure. If you can find one reason (support, pivot, BRN, long wick etc) not to trade then don't Wait for the next one to come along if there's a reason not to take that one then don't. Eventually one will turn up and there are no reasons not to take it. That one might still hit SL but you are minimising your risk.

Reasons to take the trades are on page 1. Reasons not to take the trades are scattered throughout the thread...and elsewhere too.
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