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As simple as possible: 00 level trading

  • #25,681
  • Jan 12, 2015 3:22pm Jan 12, 2015 3:22pm
What was wrong here? New level new hour, all red h1, h4, d1, no red news.

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  • #25,682
  • Jan 12, 2015 3:38pm Jan 12, 2015 3:38pm
mariodrugs: look at the m15 ash....it is still forming...jumped the gun...look left...consolidation..
  • #25,683
  • Jan 12, 2015 4:08pm Jan 12, 2015 4:08pm
This system should be called 'always something'

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  • #25,684
  • Jan 12, 2015 4:25pm Jan 12, 2015 4:25pm
One night trade around midnight....
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  • #25,685
  • Jan 12, 2015 4:36pm Jan 12, 2015 4:36pm
To

  1. Mariodrugs


You've got so many lines of uz are not familiar with, let just basic indicators and prefer to watch the price where the market consolidates and where resistance zone, pick a clear inputs, Sorry for my English

  • #25,686
  • Jan 12, 2015 4:37pm Jan 12, 2015 4:37pm
mariodrugs: you just have done the job of identifying reasons of why not to trade.... This is the P in PDF....now you will know where and when to trade.... There is a good reason why Gurus like Udines, mastermind etc chose not to take any setups today and your post is perfect. Now if you are thinking gosh I missed that whole move and I did not make a cent... Then you are letting the gambler in you come out... You are well on your way. Good work on screening your trades to understand... You will find setups that are low risk.
  • #25,687
  • Jan 12, 2015 4:41pm Jan 12, 2015 4:41pm
Quoting joe12345
mariodrugs: you just have done the job of identifying reasons of why not to trade.... This is the P in PDF....now you will know where and when to trade.... There is a good reason why Gurus like Udines, mastermind etc chose not to take any setups today and your post is perfect. Now if you are thinking gosh I missed that whole move and I did not make a cent... Then you are letting the gambler in you come out... You are well on your way. Good work on screening your trades to understand... You will find setups that are low risk.
Thanks for answer. Good night.
  • #25,688
  • Jan 12, 2015 4:58pm Jan 12, 2015 4:58pm
Quoting Mariodrugs
This system should be called 'always something' {image}
Caught in an analysis-paralysis?

Allow me to help, although you were not asking (trying to be proactive):

1. Remove everything. Watch out for RED news (apply rules)
2. M15 chart. Retain the H1 shadow candle, H1 D1 meter, 00 levels, timer (make it super big)
3. FR and LO first 2 hours (total 3 hours)
4. Allow M15 to close.
4.a Same direction as H1 D1? Place pending order.
5. Done. Exit accordingly.

If an TP or SL was hit at the beginning of the hour, do not enter. Wait for the brand new hour. In 3 hours and of the recommended 4 pairs, 3 is your minimum number of set-ups, 100% of the time, even if red is flooding the calendar.

Patience and discipline to execute. Make me coffee and croissant if your fingers betray you. No sugar please.

And when you have a clear shot, take it!

Do it like a robot. You'll see what I mean.
  • #25,689
  • Jan 12, 2015 5:10pm Jan 12, 2015 5:10pm
GBPJPY - 10 pips sl

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  • #25,690
  • Jan 12, 2015 5:14pm Jan 12, 2015 5:14pm
Quoting yelena
{quote} Caught in an analysis-paralysis? Allow me to help, although you were not asking (trying to be proactive): 1. Remove everything. Watch out for RED news (apply rules) 2. M15 chart. Retain the H1 shadow candle, H1 D1 meter, 00 levels, timer (make it super big) 3. FR and LO first 2 hours (total 3 hours) 4. Allow M15 to close. 4.a Same direction as H1 D1? Place pending order. 5. Done. Exit accordingly. If an TP or SL was hit at the beginning of the hour, do not enter. Wait for the brand new hour. In 3 hours and of...
Big thanks Yelena for support and help! I will try it tomorrow. "4. Allow M15 to close.
4.a Same direction as H1 D1? Place pending order." <---- maybe this points will be greatfull!
  • #25,691
  • Jan 12, 2015 5:19pm Jan 12, 2015 5:19pm
Quoting yelena
{quote} Caught in an analysis-paralysis? Allow me to help, although you were not asking (trying to be proactive): 1. Remove everything. Watch out for RED news (apply rules) 2. M15 chart. Retain the H1 shadow candle, H1 D1 meter, 00 levels, timer (make it super big) 3. FR and LO first 2 hours (total 3 hours) 4. Allow M15 to close. 4.a Same direction as H1 D1? Place pending order. 5. Done. Exit accordingly. If an TP or SL was hit at the beginning of the hour, do not enter. Wait for the brand new hour. In 3 hours and of...
I found your trades Yelena. Not every trade you allow M15 to close like that two trades take a look:

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http://www.forexfactory.com/attachme...mentid=1584945
  • #25,692
  • Jan 12, 2015 5:21pm Jan 12, 2015 5:21pm
gbp / jpy, eur / jpy I'm not trading, increasing volatility candles had more than 50 pips, he is expected to return
  • #25,693
  • Jan 12, 2015 5:30pm Jan 12, 2015 5:30pm
Thanks for the help. This thread is the best. Kudos to Udine for the dedication. I will be a trader yet. I am struggling with living in a PST time zone and working during the day. I may have to re locate to a more sleep friendly time zone. Need more of this!
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  • #25,694
  • Edited 5:54pm Jan 12, 2015 5:33pm | Edited 5:54pm
Quoting yelena
{quote} Caught in an analysis-paralysis? Allow me to help, although you were not asking (trying to be proactive): 1. Remove everything. Watch out for RED news (apply rules) 2. M15 chart. Retain the H1 shadow candle, H1 D1 meter, 00 levels, timer (make it super big) 3. FR and LO first 2 hours (total 3 hours) 4. Allow M15 to close. 4.a Same direction as H1 D1? Place pending order. 5. Done. Exit accordingly. If an TP or SL was hit at the beginning of the hour, do not enter. Wait for the brand new hour. In 3 hours and of...
According to that what if:

first M15 candle will close same color like H1, D1, second M15 will close another color, and third will close same color like first M15, and H1, D1 ? I can set up then pending order or I have to wait next hour?
  • #25,695
  • Jan 12, 2015 5:35pm Jan 12, 2015 5:35pm
Mario, did you read the thread from the start? 4 pairs to start, concentrate on them ....
Whats That? you're trading What?
  • #25,696
  • Edited 5:50pm Jan 12, 2015 5:39pm | Edited 5:50pm
Quoting yelena
{quote} Caught in an analysis-paralysis? Allow me to help, although you were not asking (trying to be proactive): 1. Remove everything. Watch out for RED news (apply rules) 2. M15 chart. Retain the H1 shadow candle, H1 D1 meter, 00 levels, timer (make it super big) 3. FR and LO first 2 hours (total 3 hours) 4. Allow M15 to close. 4.a Same direction as H1 D1? Place pending order. 5. Done. Exit accordingly. If an TP or SL was hit at the beginning of the hour, do not enter. Wait for the brand new hour. In 3 hours and of...
Look at that candle hour:

Attached Image


I do not place pending order right?


"If an TP or SL was hit at the beginning of the hour, do not enter."

What do you mean in that ?
  • #25,697
  • Jan 12, 2015 5:40pm Jan 12, 2015 5:40pm
Quoting Qed
Mario, did you read the thread from the start? 4 pairs to start, concentrate on them ....
Yes i did, EU, GU, EJ, GJ, that trades are Yelena trades not mine ;-)
  • #25,698
  • Jan 12, 2015 6:53pm Jan 12, 2015 6:53pm
2. night trade
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  • #25,699
  • Jan 12, 2015 9:59pm Jan 12, 2015 9:59pm
Quoting snail69
Today only one trade. UJ +37 {image}
Well well well!

Happy to see you hitting the markets Snail............

I almost took the UJ trade too but decided to hit the GJ only.

GJ +42.7 pips (Note: shorted from the BRN!)

Attached Image (click to enlarge)
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Comment: No trail EA used on this trade it was set and forget!

Masterrmind..........
Master your Mind then Master your Trades
  • #25,700
  • Jan 12, 2015 10:16pm Jan 12, 2015 10:16pm
Quoting Masterrmind
{quote} Well well well! Happy to see you hitting the markets Snail............ I almost took the UJ trade too but decided to hit the GJ only. GJ +42.7 pips (Note: shorted from the BRN!) {image} Comment: No trail EA used on this trade it was set and forget! Masterrmind..........
Hey Mastermind, how do you choose your exit?

Vlad
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