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As simple as possible: 00 level trading

  • #23,701
  • Dec 3, 2014 2:57am Dec 3, 2014 2:57am
Quoting bubincka
{quote} nope. I answer in this way because I remember an Udine's answer to this question and 1 trade per hour per pair remains a valid rule also for M15 strategy.
Bubincka, thank you for your reply.

I see that Udine is absent at the moment...

Mastermind, does the rule from original strategy of 1 trade per hour per pair remains for the M15 strategy?

Thank you.

Huge.
Those who know don't talk. Those who talk don't know.
  • #23,702
  • Dec 3, 2014 3:01am Dec 3, 2014 3:01am
Quoting bubincka
{quote} Hi Master, when you refer to "Timing of entry" you mean that in this trade you let the px went up to its high and then, when you saw px was dropping only in that moment you placed the sell pendig order ?
PA ..... yes!

Masterrmind............
Master your Mind then Master your Trades
  • #23,703
  • Dec 3, 2014 3:02am Dec 3, 2014 3:02am
Quoting tantor1973
In the short time i have been trading i have notice that, the first week of the trading month when non farm employment change from usd come out the market acts strange
Good observation Tantor. It is NFA week.
  • #23,704
  • Dec 3, 2014 3:05am Dec 3, 2014 3:05am
what do you think?
Attached Image (click to enlarge)
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  • #23,705
  • Dec 3, 2014 3:06am Dec 3, 2014 3:06am
Quoting Kubiasty
{quote} Why did you sell? Isnt that against rules? Last candle before didnt closed at red... {image}
Trade was placed very short before candle closed. So it might be just at the next one, acc . rules after some seconds.
  • #23,706
  • Dec 3, 2014 3:08am Dec 3, 2014 3:08am
Quoting hugecat
{quote} Bubincka, thank you for your reply. I see that Udine is absent at the moment... Mastermind, does the rule from original strategy of 1 trade per hour per pair remains for the M15 strategy? Thank you. Huge.
Hugecat,

The "rules" of the M15 strategy as such don´t mention a maximum of trades per hour on one pair.
Did you plan on taking two or three trades on the same pair in 1 hour ?
Theoretically it´s possible, but if prices swagger that much up and down and repeatedly change the HA or ASH M15 color, would you really want to take a trade at all ?

flx69
  • #23,707
  • Dec 3, 2014 3:10am Dec 3, 2014 3:10am
Quoting flx69
{quote} Good morning bubincka, Many people have asked me regarding post #23.642. The "blocks" and "vertical lines" as such were drawn manually, merely to show the correct entries for the GU during the whole day. The HA, ASH M15 and MTF ASH H1 are all to be found in the attachments (that´s where I got them). Sort the attachments by poster, Udine has posted them. Hope that helps. flx69
Thank you flx69.
Porta itineris dicitur longissima esse
  • #23,708
  • Dec 3, 2014 3:12am Dec 3, 2014 3:12am
Quoting Masterrmind
{quote} PA ..... yes! Masterrmind............
Thank you Master.
Porta itineris dicitur longissima esse
  • #23,709
  • Dec 3, 2014 3:18am Dec 3, 2014 3:18am
Gbp service pmi 31 min
FREEDOM IS NOT FREE
  • #23,710
  • Dec 3, 2014 3:18am Dec 3, 2014 3:18am
Quoting flx69
{quote} Hugecat, The "rules" of the M15 strategy as such don´t mention a maximum of trades per hour on one pair. Did you plan on taking two or three trades on the same pair in 1 hour ? Theoretically it´s possible, but if prices swagger that much up and down and repeatedly change the HA or ASH M15 color, would you really want to take a trade at all ? flx69
Flx69, thank you for the reply.
Each case is specific. Sometimes 15M candles can give you more than just one clear signal per hour. I'm just trying to clear all the rules before getting into the trade. 1 trade per hour per pair is enough for me since I'm trading at work.
Huge.
Those who know don't talk. Those who talk don't know.
  • #23,711
  • Dec 3, 2014 3:19am Dec 3, 2014 3:19am
Trade #4 [Bonus trade #2]

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #23,712
  • Dec 3, 2014 3:21am Dec 3, 2014 3:21am
Quoting hugecat
{quote} Bubincka, thank you for your reply. I see that Udine is absent at the moment... Mastermind, does the rule from original strategy of 1 trade per hour per pair remains for the M15 strategy? Thank you. Huge.
Yes!

1 trade per hour per pair..........is plenty!

Masterrmind...........
Master your Mind then Master your Trades
  • #23,713
  • Dec 3, 2014 3:27am Dec 3, 2014 3:27am
Quoting Masterrmind
Trade #4 [Bonus trade #2] EURAUD +5 TP {image} Masterrmind...........
Wow, very classy bounce off the DP !

flx69

Edit: ASH M15, H1 and HA are all still in red. Makes one wonder if those are needed at all
  • #23,714
  • Dec 3, 2014 3:27am Dec 3, 2014 3:27am
Quoting masterrmind
trade #4 [bonus trade #2] euraud +5 tp {image} masterrmind...........
jajjajaaj same pattern bounce of the open in the direction of the daily candle, saw it didn't take it fear jajajaj
FREEDOM IS NOT FREE
  • #23,715
  • Dec 3, 2014 3:32am Dec 3, 2014 3:32am
Quoting flx69
{quote} Wow, very classy bounce off the DP ! flx69 Edit: ASH M15, H1 and HA are all still in red. Makes one wonder if those are needed at all
First point you made: lovely indeed!

Second point you made: no comment!

You can never have enough funny people!

Masterrmind.............
Master your Mind then Master your Trades
  • #23,716
  • Dec 3, 2014 3:34am Dec 3, 2014 3:34am
Quoting tantor1973
{quote} jajjajaaj same pattern bounce of the open in the direction of the daily candle, saw it didn't take it fear jajajaj
Once you make a few of them and get the feel for it...you'll be all right!

Masterrmind...........
Master your Mind then Master your Trades
  • #23,717
  • Dec 3, 2014 3:41am Dec 3, 2014 3:41am
Trade #5 [Bonus trade #3]

USDJPY +5 TP

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


Comment: This trade shows the power of the DO!

Masterrmind...........
Master your Mind then Master your Trades
  • #23,718
  • Dec 3, 2014 3:50am Dec 3, 2014 3:50am
Quoting flx69
{quote} Wow, very classy bounce off the DP ! flx69 Edit: ASH M15, H1 and HA are all still in red. Makes one wonder if those are needed at all
I took the same trade... with a large move like that, I sometimes find it easier to drop the timeframe to better read the PA (the insert is M1).
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 23 KB
  • #23,719
  • Dec 3, 2014 3:54am Dec 3, 2014 3:54am
UJ Trade #1 +5
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 3rd Decem.jpg Size: 78 KB


First live winner.

Rapid
  • #23,720
  • Dec 3, 2014 3:56am Dec 3, 2014 3:56am
Quoting fakeylover
what do you think? {image}
I think you entered too late.
Entry on the .800 level, after line up of MTF H1 ASH, M15 ASH and HA.
Pls see chart below for the trade I took on this cross.
Also, look to the left how price reacted at the .700 level. Each time it touched timidly, price retracted.

Hope this helps.

flx69
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
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