As simple as possible: 00 level trading | Page 1213 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

SIMPLE EA for a simple method needed!! 2 replies

As simple as possible: RENKO M5 trading 75 replies

Trading is this Simple? Finally Explained simple and clearly! 46 replies

Simple Level Trading 1 reply

Trading: As simple as possible, but no simpler - by a real Cityboy 92 replies

Attachments: As simple as possible: 00 level trading
Exit Attachments

As simple as possible: 00 level trading

  • #24,241
  • Dec 8, 2014 10:46am Dec 8, 2014 10:46am
Quoting piphunt3r
{quote} what do you mean exactly? it went 10 pips lower, tested the Daily Open again and is falling again now. Next trouble area was 5 pips away from entry. Enough to take a entry. Am i missing something?
You painted AB =CD , then where acc to that went price ?
  • #24,242
  • Dec 8, 2014 10:46am Dec 8, 2014 10:46am
GU +10 last today.
Attached Image (click to enlarge)
Click to Enlarge Name: pGBPUSD3+M15.png Size: 38 KB
  • #24,243
  • Dec 8, 2014 10:54am Dec 8, 2014 10:54am
Quoting snail69
{quote} You painted AB =CD , then where acc to that went price ?
It has right now approached the D point.

In hindsight it surely was a nice take profit level for 15 pips.
Attached Image
  • #24,244
  • Dec 8, 2014 11:40am Dec 8, 2014 11:40am
Quoting piphunt3r
{quote} It has right now approached the D point. In hindsight it surely was a nice take profit level for 15 pips. {image}
Entering after that harami and right below that green candle would not be all more straightforward ?
Attached Image
  • #24,245
  • Dec 8, 2014 11:57am Dec 8, 2014 11:57am
Quoting snail69
{quote} Entering after that harami and right below that green candle would not be all more straightforward ? {image}
Thanks for your suggestion snail!

My entry was based on the M15 strategy. The Heikin Ashi and ASH turned red after the first red candle that pushed away from DO.

The second signal you mentioned i missed because i didn't expect another entry 15 min after my first trade.

Thats why i checked other pairs at that time the signal ocurred.

lesson learned thanks snail !
  • #24,246
  • Dec 8, 2014 11:57am Dec 8, 2014 11:57am
Udine,

hope you are feeling better

PU
  • #24,247
  • Dec 8, 2014 12:29pm Dec 8, 2014 12:29pm
Quoting piphunt3r
{quote} Thanks for your suggestion snail! My entry was based on the M15 strategy. The Heikin Ashi and ASH turned red after the first red candle that pushed away from DO. The second signal you mentioned i missed because i didn't expect another entry 15 min after my first trade. Thats why i checked other pairs at that time the signal occurred. lesson learned thanks snail !
OK glad be of help. Pip, I have now for Europe morning just 3 pairs, EU, GU, UJ. Plenty of opps .

Then one can know his pairs and their nuances.
  • #24,248
  • Dec 8, 2014 1:21pm Dec 8, 2014 1:21pm
Hello Everyone,
Congrats to Udine and others for super trading method.
Really appreciate and in learning process.
Just started applying since last friday with good results.
Plan to demoing for at least 1 month.
Will share my results if you don't mind.
Good luck to Everyone.
Mind is the King
  • #24,249
  • Dec 8, 2014 1:45pm Dec 8, 2014 1:45pm
Quoting lionsden
{quote} Pullup, If you don't mind could you PM me also? That spread would save me bundles! TIA Lionsden
Pullup, could you please PM me too?

Many thanks,
Danny
  • #24,250
  • Dec 8, 2014 5:05pm Dec 8, 2014 5:05pm
Quoting snail69
{quote} OK glad be of help. Pip, I have now for Europe morning just 3 pairs, EU, GU, UJ. Plenty of opps . Then one can know his pairs and their nuances.
Good point

Currently i have many more pairs on my watchlist - Masterrmind style

I have to find out which style suits my personality best.
  • #24,251
  • Dec 8, 2014 5:59pm Dec 8, 2014 5:59pm
Udine,

Thank you for presenting and supporting this method, and thanks to all who have added so much value to it. I've been trading this for three weeks and have a 77% win rate, and I made 19.6% last week. A very nice addition to my library of trading methods!

I'm slowly working my way through the thread. I'm up to post 500+. It will take me several weeks to get caught up.

I do have two questions for anyone who cares to answer.

1) How is the little dotted line drawn to show your completed trade on the chart? It appears to have a regular shaped arrow on one end, and a triangular pointer on the other end. How is this done please.

2) I've seen mentioned a new 15 minute strategy, but I can't locate where it is first introduced along with its rules. Could someone point me to the introductory post please?

Thanks

Dial
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #24,252
  • Dec 8, 2014 6:33pm Dec 8, 2014 6:33pm
Quoting diallist
Udine, Thank you for presenting and supporting this method, and thanks to all who have added so much value to it. I've been trading this for three weeks and have a 77% win rate, and I made 19.6% last week. A very nice addition to my library of trading methods! I'm slowly working my way through the thread. I'm up to post 500+. It will take me several weeks to get caught up. I do have two questions for anyone who cares to answer. 1) How is the little dotted line drawn to show your completed trade on the chart? It appears to have a regular shaped arrow...
Hi diallist and welcome to Udines thread.....

In 3 weeks your strike rate is @ 77% so I think you are well on your way!

1) I hope I'm reading your question correctly but the arrows are drawn via clicking and dragging the completed order from your MT4 terminal and dropping it onto the correct chart. This paints your chart with the 2 arrows and the dotted line. Its part of MT4 functionality.

2) M15 strategy is for those traders who read the thread (as Udine has said) so I think you should keep searching (its located in the far latter part of the thread)

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #24,253
  • Dec 8, 2014 6:36pm Dec 8, 2014 6:36pm
Quoting piphunt3r
{quote} Good point Currently i have many more pairs on my watchlist - Masterrmind style I have to find out which style suits my personality best.
Don't forget to take baby steps forward............

Too many pairs can be confusing and really you probably only need 2-4 pairs at the most.

I trade multiple pairs because I'm familiar with them, how they move, when they are likely to move and under what conditions.

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #24,254
  • Dec 8, 2014 7:05pm Dec 8, 2014 7:05pm
Quoting diallist
Udine, Thank you for presenting and supporting this method, and thanks to all who have added so much value to it. I've been trading this for three weeks and have a 77% win rate, and I made 19.6% last week. A very nice addition to my library of trading methods! I'm slowly working my way through the thread. I'm up to post 500+. It will take me several weeks to get caught up. I do have two questions for anyone who cares to answer. 1) How is the little dotted line drawn to show your completed trade on the chart? It appears to have a regular shaped arrow...
Hi diallist
It is really an honor to see you on this thread.
You have PM.
  • #24,255
  • Dec 8, 2014 8:37pm Dec 8, 2014 8:37pm
Trade #1

EURJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #24,256
  • Dec 8, 2014 8:38pm Dec 8, 2014 8:38pm
Hi everyone,

UJ -10 demo account, no where near ready for live.

I'm still learning technical analysis and was hoping someone could point me in the right direction. Looking back I can see resistance at the 120.800 level. Any feedback would be greatly appreciated.

I might just stick to the NY open from now on I think, due to work commitments i'm not around for the London open.

Much to learn.
Attached Image (click to enlarge)
Click to Enlarge Name: 002_USDJPYM15.png Size: 123 KB
Strider747
  • #24,257
  • Dec 8, 2014 9:16pm Dec 8, 2014 9:16pm
Mastermind,

I have been reading this thread from the beginning and I am really impressed with what you guys have done.

I am just curious about something and please don't take this the wrong way...but I see you post all these winning trades every day and (correct me if I'm wrong) you seem to never have a loss. I am new to trading Forex and everything I have read and learned so far is that no system is 100%. How do YOU do it?

I don't doubt for one second that you have spent years learning to trade and you are an extremely gifted trader but it seems that you have found the HOLY GRAIL that supposedly doesn't exist. Do you ever have losses with this strategy? If so...do you just not post them?

Again...please don't take this as me thinking I am doubting what you are doing with this strategy. I just want to understand it better and get as good as you and so many of the other traders on this thread. It is truly impressive!
  • #24,258
  • Dec 8, 2014 10:30pm Dec 8, 2014 10:30pm
jm, if you read all the posts and copy/save all of MM's posted charts you will find at least 1 failure , it ight help if you do actually copy/save all MM's posted charts you will come to see common patterns ..... this is what comes from yrs of trading .... and I dare to say that Udines method has just put the icing on the cake for MM..... Q
Whats That? you're trading What?
  • #24,259
  • Dec 8, 2014 10:37pm Dec 8, 2014 10:37pm
I sure will. Thanks for the advice!
  • #24,260
  • Dec 8, 2014 10:40pm Dec 8, 2014 10:40pm
Quoting pullup
Udine, hope you are feeling better PU

thx Pullup,

yeah, I am back in the land of the living

yesterday was a holiday here in Italy, so I had some exra time to spend with the family..

will be trading again as usual today..

Udine
Sleep less, live fast, as it aint gonna last
36 traders viewing now