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As simple as possible: 00 level trading

  • #29,361
  • Apr 9, 2015 4:34am Apr 9, 2015 4:34am
Quoting cycle
{file}{file}{file} These are modified as per my charts. All are MQ4 files, hence you can have your own modified versions. DN template takes all indis to top of chart when price is downwards and UP template vice versa. For this we need two versions of xADR indicators. I will be happy to clarify further, if required. Enjoy!
Thanks so much!
  • #29,362
  • Apr 9, 2015 4:35am Apr 9, 2015 4:35am
Quoting Qed
Asmodai "And last but not least, i was ready to take full responsability for the mistakes had the trades gone wrong" FINALLY you have learnt the "secret" WELL DONE .. PDF ....
With each passing day the mental part of trading becomes more important to me.

Asmodai
  • #29,363
  • Apr 9, 2015 5:20am Apr 9, 2015 5:20am
Quoting Asmodai
{quote} With each passing day the mental part of trading becomes more important to me. Asmodai


Udine
Sleep less, live fast, as it aint gonna last
  • #29,364
  • Apr 9, 2015 6:02am Apr 9, 2015 6:02am
Quoting Asmodai
{quote} With each passing day the mental part of trading becomes more important to me. Asmodai
Yes it is true.
In the morning if the first trade and second are profitable i feel confident and ready for next trading opportunities.
But if first trade go to SL (because of greed or distraction) i am affraid to put next pending orders. I am affraid to be wrong once again not to loss more money ( i take as low risk as 0,15% per trade nowadays). I stay frozen for the rest of trading day not able put order, i am not sure is it good or not good setup.
I think it is my main problem - i value or rate myself through the number of good or bad trades.
  • #29,365
  • Apr 9, 2015 6:14am Apr 9, 2015 6:14am
2 bonus trades (Newbie, welcome all feedback)

#3 EU: Re-entry>TP (+5 pips)
#4 EJ: Re-entry>TP (+5 pips)

Total 20 pips.. will call it a day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM15_00_1.png Size: 84 KB
Click to Enlarge Name: EURUSDM15_00_1.png Size: 89 KB
  • #29,366
  • Apr 9, 2015 6:22am Apr 9, 2015 6:22am
Quoting sdatta
2 bonus trades (Newbie, welcome all feedback) #3 EU: Re-entry>TP (+5 pips) #4 EJ: Re-entry>TP (+5 pips) Total 20 pips.. will call it a day {image} {image}
On EU you entered short just above S1 pivot (0734)
Attached Image (click to enlarge)
Click to Enlarge Name: s1.png Size: 31 KB
  • #29,367
  • Apr 9, 2015 6:34am Apr 9, 2015 6:34am
Quoting iwan73
{quote} Yes it is true. In the morning if the first trade and second are profitable i feel confident and ready for next trading opportunities. But if first trade go to SL (because of greed or distraction) i am affraid to put next pending orders. I am affraid to be wrong once again not to loss more money ( i take as low risk as 0,15% per trade nowadays). I stay frozen for the rest of trading day not able put order, i am not sure is it good or not good setup. I think it is my main problem - i value or rate myself through the number of good or bad...
Fear can be a big problem, as a new trader i battle with it sometimes also.

But i find that fear affects my trading less each day. You just have to put in your head that past trades ONLY affect future trades in YOUR MIND. And every trade, even if it looks almost risk free, can be a loss. Just accept this.

As long as you have a solid system and follow it, past trades should not affect your future trading.

Asmodai
  • #29,368
  • Apr 9, 2015 7:09am Apr 9, 2015 7:09am
Hello fellow traders,

Been rather busy today. Between level 1, level 2, ... entries.
Plenty of good green pip material today !

Wish everybody many green pips !

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #29,369
  • Apr 9, 2015 7:15am Apr 9, 2015 7:15am
Quoting Avlan
Hi guys. I have a question. What time zone is the broker is best for this strategy? Now I have a choice +3 gtm and +0 gtm. What do you advise?
Time zone is not the issue but a +3 broker will most likely have 5 D1 candles per week and is simpler for indicators to work correctly. If your live broker (when you're ready) does not have 5 D1 candles but 6, find a 5 candle broker for demo and use it for signals. Mine has 6 but I know how to change the code to work right.
  • #29,370
  • Apr 9, 2015 7:16am Apr 9, 2015 7:16am
Trade from earlier today. AudJpy +5 in sync with AudUsd out by TS
Attached Image (click to enlarge)
Click to Enlarge Name: Aud.jpg Size: 66 KB
"Amat Victoria Curam" Victory Loves Preparation
  • #29,371
  • Edited 8:13am Apr 9, 2015 7:22am | Edited 8:13am
Quoting LuXing
Hello fellow traders, Been rather busy today. Between level 1, level 2, ... entries. Plenty of good green pip material today ! Wish everybody many green pips ! LuXing {image} {image} {image} {image} {image}
Hi luxing,
Are your LO line correct? have you changed tho the correct summer time ajustment?
https://www.forex4noobs.com/forex-tools/forex-clock/ I always use this and forexmarkethours.com, I think your LO is 1hour foward

Edit: Seems that im the one with wrong open lines, checking now
  • #29,372
  • Edited 8:10am Apr 9, 2015 7:58am | Edited 8:10am
possible eu gu short trades in 2 min...

I've got EU short pending at 1.0740( little risky looking left at those wicks) and Gu short pending at 1.4790
  • #29,373
  • Apr 9, 2015 8:55am Apr 9, 2015 8:55am
EU out by TS
GU to TP

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 131 KB
Wisdom begins in wonder
  • #29,374
  • Apr 9, 2015 9:02am Apr 9, 2015 9:02am
EJ to TP

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB
Wisdom begins in wonder
  • #29,375
  • Apr 9, 2015 9:19am Apr 9, 2015 9:19am
Quoting Asmodai
{quote} Fear can be a big problem, as a new trader i battle with it sometimes also. But i find that fear affects my trading less each day. You just have to put in your head that past trades ONLY affect future trades in YOUR MIND. And every trade, even if it looks almost risk free, can be a loss. Just accept this. As long as you have a solid system and follow it, past trades should not affect your future trading. Asmodai
So much wisdom in so few words!
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #29,376
  • Apr 9, 2015 9:59am Apr 9, 2015 9:59am
Last trade of the day (I think): CADJPY to TP.

LuXing
Attached Image (click to enlarge)
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Wisdom begins in wonder
  • #29,377
  • Apr 9, 2015 10:11am Apr 9, 2015 10:11am
Today we couldn't do that much wrong with big moves in one direction (imho).
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We are most satisfied with our results and hopefully you all did a good job too!

nasap
The little nut in your head is called brain. Use it!
  • #29,378
  • Apr 9, 2015 10:56am Apr 9, 2015 10:56am
Last trade of the day (I think): EU to TP

Luxing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
Wisdom begins in wonder
  • #29,379
  • Apr 9, 2015 11:01am Apr 9, 2015 11:01am
I agree today was a good day
Attached Image
  • #29,380
  • Apr 9, 2015 11:07am Apr 9, 2015 11:07am
Quoting mokuro89
I agree today was a good day {image}

Nice mokuro89 !

Donīt see charts of your trades. Which ones did you take ?

LuXing
Wisdom begins in wonder
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