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As simple as possible: 00 level trading

  • #23,921
  • Dec 4, 2014 5:30am Dec 4, 2014 5:30am
Quoting sEit89
Trade #4 USD/CHF, +0.9 (not glad about that trade) {image}
Please look at your candles on your chart.

You need to see what I'm about to explain very clearly and indeed every single time you think about placing a trade.

Look left first and follow the motion of price (up, down, fast, slow, hesitate, plenty of momentum or not, reversals)

You should not have taken this trade because a nice zone of support is very evident @ 0.97690

What happened last time price dropped down onto this level? It bounced up off it ...Yes!

Ok so better not to take a trade like this as it will avoid many costly mistakes and almost as importantly....loss of money and confidence.

This should be taken seriously but I intend them to be words of encouragement.

Hope this helps you.

I wish you to trade well.

All the best,

Masterrmind..........
Master your Mind then Master your Trades
  • #23,922
  • Dec 4, 2014 5:31am Dec 4, 2014 5:31am
Stop trading this morning, strange market performance today and less confidence by my side. Maybe NY open will give me some opportunities...

See u guys in a couple of hours,

Stay green.
  • #23,923
  • Dec 4, 2014 5:31am Dec 4, 2014 5:31am
Quoting Zokynho
{quote} Yes i have that one in folder!
Have you restarted Mt4 since you installed that file?
  • #23,924
  • Dec 4, 2014 5:31am Dec 4, 2014 5:31am
Quoting Zokynho
{quote} Now i resolved issuess of freezeing but mtf is still just a red not showing what going on 1h! Can you post yout tpl here so maybe this will resolve issuess? Regards {image}
You have these settings for the MTF ASH ??

Udine
Attached Image (click to enlarge)
Click to Enlarge Name: MTF ASH setings.jpg Size: 73 KB
Sleep less, live fast, as it aint gonna last
  • #23,925
  • Dec 4, 2014 5:34am Dec 4, 2014 5:34am
Quoting Masterrmind
{quote} Please look at your candles on your chart. You need to see what I'm about to explain very clearly and indeed every single time you think about placing a trade. Look left first and follow the motion of price (up, down, fast, slow, hesitate, plenty of momentum or not, reversals) You should not have taken this trade because a nice zone of support is very evident @ 0.97690 What happened last time price dropped down onto this level? It bounced up off it ...Yes! Ok so better not to take a trade like this as it will avoid many costly mistakes and...
Thank you MM, your comments are really appreciated. I am totally with you, my mistake. Need to be more cautious.
  • #23,926
  • Dec 4, 2014 5:37am Dec 4, 2014 5:37am
Quoting sEit89
{quote} Thank you MM, your comments are really appreciated. I am totally with you, my mistake. Need to be more cautious.
Yes being very cautious and super observant is key in this business.

Masterrmind............
Master your Mind then Master your Trades
  • #23,927
  • Dec 4, 2014 5:37am Dec 4, 2014 5:37am
Music that gets me in a good mood always..

Inserted Video


Udine
Sleep less, live fast, as it aint gonna last
  • #23,928
  • Dec 4, 2014 5:39am Dec 4, 2014 5:39am
Quoting Udine
Music that gets me in a good mood always.. http://www.youtube.com/watch?v=CC5ca6Hsb2Q Udine
I love that song Udine.

Excellent choice!

Masterrmind...........
Master your Mind then Master your Trades
  • #23,929
  • Dec 4, 2014 5:47am Dec 4, 2014 5:47am
Udine , good to hear ur family better , If you like renko have a look at HekinAshi Smoothed ,,,cheers Q
Attached Image (click to enlarge)
Click to Enlarge Name: ha.jpg Size: 122 KB
Whats That? you're trading What?
  • #23,930
  • Dec 4, 2014 5:51am Dec 4, 2014 5:51am
Mm, when does the forex market start to slow down in december? A have read that until the 16 december, what is your experience?
FREEDOM IS NOT FREE
  • #23,931
  • Dec 4, 2014 6:03am Dec 4, 2014 6:03am
UC to TP

It got to the stage were I just wanted it to end, but I sort of believed in it, let a couple of AU trades go by because they would have been out of sync.
When it went to TP it was out of sync with everything. I await your comments........
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_150.png Size: 27 KB


PU
Udine, sorry I am off topic with this one, but I thought it was interesting
  • #23,932
  • Dec 4, 2014 6:07am Dec 4, 2014 6:07am
Quoting tantor1973
Mm, when does the forex market start to slow down in december? A have read that until the 16 december, what is your experience?
Usually around that time but I never rely on exact dates like that unless the FX market was physically closed down which it is not.

Every year is always slightly different and what I do is take each day as it comes. I notice the lack of volatility on the charts and the increase in spreads....then its time to think about sitting on the sidelines and not risky your hard earned dollars.

I have been known to trade right up and through most of it in recent years but this year I'll wait and see. Not prepared to commit to a time.

You will see it on the charts fairly clearly and when you do and price is almost stationary then better you go do something else.

Just to be clear...over the Christmas period the FX market does close on some days so you will need to check these dates. Your broker will email you as is the case also for me.

Masterrmind...........
Master your Mind then Master your Trades
  • #23,933
  • Dec 4, 2014 6:10am Dec 4, 2014 6:10am
Quoting pullup
UC to TP It got to the stage were I just wanted it to end, but I sort of believed in it, let a couple of AU trades go by because they would have been out of sync. When it went to TP it was out of sync with everything. I await your comments........ {image} PU Udine, sorry I am off topic with this one, but I thought it was interesting
I have the Monthly Pivot right under your entry.

It was a ping pong from DO to WP to MP and back again.
  • #23,934
  • Dec 4, 2014 6:16am Dec 4, 2014 6:16am
Quoting rizla101
{quote} Have you restarted Mt4 since you installed that file?
Yes tried everything but still not working!
  • #23,935
  • Dec 4, 2014 6:17am Dec 4, 2014 6:17am
Quoting Udine
{quote} You have these settings for the MTF ASH ?? Udine {image}
Yes the same settings!

What else can be wrong really don't know!

Few times installed already,restart platform and all stuff but simply same!
  • #23,936
  • Dec 4, 2014 6:18am Dec 4, 2014 6:18am
Quoting piphunt3r
{quote} I have the Monthly Pivot right under your entry. It was a ping pong from DO to WP to MP and back again.
Re Monthly Pivot, I have it blacked out, should it be a concern this early in the month? I don't know....
It was like watching a drunk man walking down an alley.
Thanks for your comment
PU
  • #23,937
  • Dec 4, 2014 6:19am Dec 4, 2014 6:19am
Quoting Masterrmind
{quote} Please look at your candles on your chart. You need to see what I'm about to explain very clearly and indeed every single time you think about placing a trade. Look left first and follow the motion of price (up, down, fast, slow, hesitate, plenty of momentum or not, reversals) You should not have taken this trade because a nice zone of support is very evident @ 0.97690 What happened last time price dropped down onto this level? It bounced up off it ...Yes! Ok so better not to take a trade like this as it will avoid many costly mistakes and...
MM,

This is a good lesson for me, as I too forgot to look left and follow PA. I will keep this post in the front of my mind is it is a real quick check list of PA I should be looking for as I trade. Much appreciated as always!

Lionsden
  • #23,938
  • Dec 4, 2014 6:20am Dec 4, 2014 6:20am
If u look in the "custom indicators" is it listed?
Whats That? you're trading What?
  • #23,939
  • Dec 4, 2014 6:23am Dec 4, 2014 6:23am
Quoting masterrmind
{quote} usually around that time but i never rely on exact dates like that unless the fx market was physically closed down which it is not. Every year is always slightly different and what i do is take each day as it comes. I notice the lack of volatility on the charts and the increase in spreads....then its time to think about sitting on the sidelines and not risky your hard earned dollars. I have been known to trade right up and through most of it in recent years but this year i'll wait and see. Not prepared to commit to a time. You will see it...
thank you very much, this goes into my journal
FREEDOM IS NOT FREE
  • #23,940
  • Dec 4, 2014 6:25am Dec 4, 2014 6:25am
Quoting lionsden
{quote} MM, This is a good lesson for me, as I too forgot to look left and follow PA. I will keep this post in the front of my mind is it is a real quick check list of PA I should be looking for as I trade. Much appreciated as always! Lionsden
No problem.

Little clues that the market gives out to those who are looking!

Masterrmind...........
Master your Mind then Master your Trades
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