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As simple as possible: 00 level trading

  • #26,141
  • Jan 26, 2015 12:50am Jan 26, 2015 12:50am
Trade #2 [H1] GBPUSD TP +5pip

Done for the day . . . will keep an eye on NY, but will miss open.

Nice trades everyone.

Happy pips
N

http://s30.postimg.org/c80gtzsvl/Scr...1_46_30_AM.png
  • #26,142
  • Jan 26, 2015 12:58am Jan 26, 2015 12:58am
Quoting Nik-Nyc
Trade #2 [H1] GBPUSD TP +5pip Done for the day . . . will keep an eye on NY, but will miss open. Nice trades everyone. Happy pips N {image}
Nice trade to finish on.....see you in NY

Masterrmind.............
Master your Mind then Master your Trades
  • #26,143
  • Jan 26, 2015 1:10am Jan 26, 2015 1:10am
Quoting Masterrmind
{quote} Nice trade to finish on.....see you in NY Masterrmind.............
MM, thanks for the kind words . . . but i did actually stick around another hour and took another trade :-)

Bonus Trade 1 [H1] USDJPY TP +5pips

Happy pips
N

http://s10.postimg.org/p263djoax/Scr...2_06_18_AM.png
  • #26,144
  • Jan 26, 2015 1:23am Jan 26, 2015 1:23am
Quoting Nik-Nyc
{quote} MM, thanks for the kind words . . . but i did actually stick around another hour and took another trade :-) Bonus Trade 1 [H1] USDJPY TP +5pips Happy pips N {image}
Another one in the bag for you.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #26,145
  • Jan 26, 2015 2:18am Jan 26, 2015 2:18am
Good morning and good trading everyone.

Asmodai
  • #26,146
  • Jan 26, 2015 2:44am Jan 26, 2015 2:44am
Good morning all,

all PM's have been replied..

I would like to say that I am doing great... the facts that I am not around:

1. all has already been said, a lot is a repetition AND I am supported by a great group of people replying to all questions
2. need to focus on my trading and started to trade for a few friends of mine
3. teaching trading 101, which takes up a lot of my time

but I am still around, reading, watching and enjoying myself when I see that people are making green pips all over the place

PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #26,147
  • Jan 26, 2015 2:52am Jan 26, 2015 2:52am
Quoting Udine
Good morning all, all PM's have been replied.. I would like to say that I am doing great... the facts that I am not around: 1. all has already been said, a lot is a repetition AND I am supported by a great group of people replying to all questions 2. need to focus on my trading and started to trade for a few friends of mine 3. teaching trading 101, which takes up a lot of my time but I am still around, reading, watching and enjoying myself when I see that people are making green pips all over the place PDF & BCC Udine
Cool Udine,

Good to know you are still around and enjoying yourself!

Vlad
  • #26,148
  • Jan 26, 2015 2:55am Jan 26, 2015 2:55am
Quoting Udine
Good morning all, all PM's have been replied.. I would like to say that I am doing great... the facts that I am not around: 1. all has already been said, a lot is a repetition AND I am supported by a great group of people replying to all questions 2. need to focus on my trading and started to trade for a few friends of mine 3. teaching trading 101, which takes up a lot of my time but I am still around, reading, watching and enjoying myself when I see that people are making green pips all over the place PDF & BCC Udine
Good to hearing from you

PDF & BCC

Numberman
  • #26,149
  • Jan 26, 2015 2:57am Jan 26, 2015 2:57am
Quoting Udine
Good morning all, all PM's have been replied.. I would like to say that I am doing great... the facts that I am not around: 1. all has already been said, a lot is a repetition AND I am supported by a great group of people replying to all questions 2. need to focus on my trading and started to trade for a few friends of mine 3. teaching trading 101, which takes up a lot of my time but I am still around, reading, watching and enjoying myself when I see that people are making green pips all over the place PDF & BCC Udine
Great to hear it Udine.

I can understand the repeat part very well indeed.

As you can see I post far fewer trades than before with today being the exception. I guess it shows that even during the Asian session a trader can do quite well simply focusing on mainly the GJ, EJ, EU and GU, in fact today the GJ and EJ gave plenty of winners.

Great to hear you are now trading for some of your friends......hopefully they will in time become independent traders like you.

All the best and great to hear that you are doing well and needing time to focus on your own trading sure rings true.

Masterrmind...........
Master your Mind then Master your Trades
  • #26,150
  • Jan 26, 2015 3:10am Jan 26, 2015 3:10am
Great to see everything is ok with you Udine.

Asmodai
  • #26,151
  • Jan 26, 2015 3:15am Jan 26, 2015 3:15am
Trade #8

NZDJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB


Masterrmind........
Master your Mind then Master your Trades
  • #26,152
  • Jan 26, 2015 3:17am Jan 26, 2015 3:17am
Until now the best for today!
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2015.01.26_17h07m01s_007_.png Size: 31 KB

I think that's all for today. I do not expect much from NYO.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #26,153
  • Jan 26, 2015 3:18am Jan 26, 2015 3:18am
Trade #9

USDJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Masterrmind............
Master your Mind then Master your Trades
  • #26,154
  • Jan 26, 2015 3:22am Jan 26, 2015 3:22am
Quoting JibalaPasan
Good morning guys, back to business as usual! Could have been a great start but the f****** NZD did not run for me the first time. {image} However, some other YEN pairs like AUDJPY, EURJPY, GBPJPY did a great job! {image} Wish you all a successful week!​ Jibala
Hi Jibala,

I struggle to understand at which level are your entries-
It doesn't seem the first 00 level neither the first 50 level. Is it when price exceeds the high of the day ?

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #26,155
  • Jan 26, 2015 3:31am Jan 26, 2015 3:31am
Quoting bubincka
{quote} Hi Jibala, I struggle to understand at which level are your entries- It doesn't seem the first 00 level neither the first 50 level. Is it when price exceeds the high of the day ? Best regards, Bubincka
An order is sent when the market has momentum enough and a currency is strong against the other.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #26,156
  • Edited 7:14am Jan 26, 2015 3:45am | Edited 7:14am
Hello everyone,

Wish you all a good trading week!

I would like to share with you a trade I took this morning 15 minutes before LO on E/U (see below). I am not a trading expert with years of experience, but I believe this was the right approach. Comments are more than welcome!


Reasons why I took the trade (signal candle was the candle with the white vertical line in chart)

- bullish only:

  1. above DO
  2. above 30 MA
  3. price in stage 2 (see Stan Weinstein's Secrets for profiting in bull and bear markets)

- PA retraced after a (strong) move up

- high possibility of support for the retrace move:

  1. PA did not break the fibo cluster of 23.6 and 38.2 (see chart below)
  2. this cluster was also the RN 1.12000
  3. move up from that level

- the new 15m candle after the setup candle opened with a green HA candle

- TP level was below the next resistance level

Reasons not to take the trade

- not according the rules of the 15m system, because not all the indicators were in line (signal candle was a red AH candle). I usually wait until this is the case, but I knew this was a low risk trade.

I am still in demo mode (for two months now). I noticed that focussing on two succesful trades per day puts some pressure on me which leads to jumping the gun sometimes, especially after a losing trade. Therefore I am only focussing to take one A+++ trade per day. This makes me more relaxed and seem to work. Also 1% account growth per day is more than enough for me.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 39 KB
  • #26,157
  • Edited 4:03am Jan 26, 2015 3:48am | Edited 4:03am
Exit strat, M15 close. Total: +21
Last week, even though there were 3 red days, the week ended up in black.

16 days left to observe

Back to "No NY trade" for me today because 21 is above the daily target of original 10. Click image for original rendering.

Notes:
EU EY red news 11:00, no trades 10-11:30
GY 9:45 long not taken, RmUp is red (see encircled in light blue)
GY 11:00 long not taken, RmUp is red (see encircled in light blue)
EU EY after red news 11:30 not taken, RmUp are red and EY beyond RgH
GU 11:15 long not taken, ASH is red

Black pips to all!

EOB
Attached Image (click to enlarge)
Click to Enlarge Name: 012615.JPG Size: 286 KB
  • #26,158
  • Jan 26, 2015 3:52am Jan 26, 2015 3:52am
Trade #1 AU TP

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 48 KB


This trade needed for price to reach qa new high for the day, which is always a risk. But PA gave me confidence to take the trade.

Asmodai
  • #26,159
  • Jan 26, 2015 3:53am Jan 26, 2015 3:53am
Good morning all.
AU +5
Attached Image
  • #26,160
  • Jan 26, 2015 6:28am Jan 26, 2015 6:28am
Trade #10

EURUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


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