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As simple as possible: 00 level trading

  • #24,101
  • Dec 5, 2014 4:33am Dec 5, 2014 4:33am
Quoting Masterrmind
Trade #5 [Bonus trade #3] and Trade #6 [Bonus trade #4] 2 by AUDUSD +5 and +5 TP's {image} Trade #7 [Bonus trade #5] CHFJPY +5 TP {image} Masterrmind...........
I'm just wondering why you took the second trade while the first one was still in progress.

What made you so confident to take another entry?
  • #24,102
  • Dec 5, 2014 4:34am Dec 5, 2014 4:34am
Quoting snail69
{quote} 3 to go.
Don't tell anyone ok but I hit 10% in 1 gold trade @ 50 pips.....so I'm doing ok!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #24,103
  • Dec 5, 2014 4:36am Dec 5, 2014 4:36am
Quoting piphunt3r
{quote} I'm just wondering why you took the second trade while the first one was still in progress. What made you so confident to take another entry?
Confident that my initial setup was solid.

Care needs to be exercised though because if things do go wrong its going to be nasty.

For this trade though I only saw one way and that was down.

Masterrmind..........
Master your Mind then Master your Trades
  • #24,104
  • Dec 5, 2014 4:41am Dec 5, 2014 4:41am
Quoting piphunt3r
{quote} I'm just wondering why you took the second trade while the first one was still in progress. What made you so confident to take another entry?
Maybe also this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: ppAUDUSD+M15.png Size: 154 KB
  • #24,105
  • Dec 5, 2014 4:43am Dec 5, 2014 4:43am
Quoting Masterrmind
{quote} Don't tell anyone ok but I hit 10% in 1 gold trade @ 50 pips.....so I'm doing ok! {image} Masterrmind...........


After such beauty right off DP. Truly nice set up.
Attached Image (click to enlarge)
Click to Enlarge Name: ppXAUUSDM15.png Size: 122 KB
  • #24,106
  • Dec 5, 2014 4:47am Dec 5, 2014 4:47am
Quoting snail69
{quote}
And the day is still young...........

Masterrmind............
Master your Mind then Master your Trades
  • #24,107
  • Dec 5, 2014 4:54am Dec 5, 2014 4:54am
Quoting snail69
{quote} After such beauty right off DP. Truly nice set up. {image}
Thanks snail.......... I try not to post too many of these charts as they have TP a little bit larger than 5 pips.......

Chart analysis and moving with the market.......

Masterrmind............
Master your Mind then Master your Trades
  • #24,108
  • Dec 5, 2014 5:06am Dec 5, 2014 5:06am
Snail, could you tell me please which daily pivot exe you use thanx Q Well Done MM I been watching but missed that
Whats That? you're trading What?
  • #24,109
  • Dec 5, 2014 5:06am Dec 5, 2014 5:06am
Quoting snail69
{quote} Maybe also this helps. {image}
Thanks I think another weekend of chart study for me

I'm currently reading through the two mentioned Threads you recommended for PA.
  • #24,110
  • Dec 5, 2014 5:11am Dec 5, 2014 5:11am
Quoting piphunt3r
{quote} Thanks I think another weekend of chart study for me I'm currently reading through the two mentioned Threads you recommended for PA.
Maybe 3 ?

http://www.forexfactory.com/showthre...&goto=lastpost
  • #24,111
  • Dec 5, 2014 5:11am Dec 5, 2014 5:11am
Quoting Qed
Snail, could you tell me please which daily pivot exe you use thanx Q Well Done MM I been watching but missed that
And then you could have rode gold up again too!

Anyway there will always be other days.

Masterrmind..........
Master your Mind then Master your Trades
  • #24,112
  • Dec 5, 2014 5:13am Dec 5, 2014 5:13am
yeh had pb/s set @1201 chickened out yep thats the beauty of the game
Whats That? you're trading What?
  • #24,113
  • Dec 5, 2014 5:14am Dec 5, 2014 5:14am
Quoting Qed
Snail, could you tell me please which daily pivot exe you use thanx Q Well Done MM I been watching but missed that
Here you go.
Attached File(s)
File Type: ex4 Pivot_AllLevels.ex4   12 KB | 434 downloads
File Type: mq4 Pivot_AllLevels.mq4   5 KB | 546 downloads
  • #24,114
  • Dec 5, 2014 5:16am Dec 5, 2014 5:16am
Quoting Qed
yeh had pb/s set @1201 chickened out yep thats the beauty of the game
entry @ 1201 would have netted you about 50 pips too at current price......

Masterrmind............
Master your Mind then Master your Trades
  • #24,115
  • Dec 5, 2014 5:16am Dec 5, 2014 5:16am
OK thanx , think I have them just dont have just white one but I will have a look ...
Whats That? you're trading What?
  • #24,116
  • Dec 5, 2014 5:18am Dec 5, 2014 5:18am
thats the difference between scared money and confident money MM
Whats That? you're trading What?
  • #24,117
  • Dec 5, 2014 5:20am Dec 5, 2014 5:20am
Quoting Qed
OK thanx , think I have them just dont have just white one but I will have a look ...
You can change line properties to your taste.
  • #24,118
  • Dec 5, 2014 5:21am Dec 5, 2014 5:21am
Quoting Qed
thats the difference between scared money and confident money MM
Just drop your risk right down in that case and start building your confidence.

Not always easy though ..... takes practice.

Masterrmind...........
Master your Mind then Master your Trades
  • #24,119
  • Dec 5, 2014 5:23am Dec 5, 2014 5:23am
yes thanx Snail got it .... and yep MM getting there , It was that I upped my contracs and chickened out
Whats That? you're trading What?
  • #24,120
  • Dec 5, 2014 5:24am Dec 5, 2014 5:24am
Quoting snail69
{quote} Maybe 3 ? http://www.forexfactory.com/showthre...&goto=lastpost
Do i even sleep on the weekend?

I don't think so with your third mentioned thread about PA already
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