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As simple as possible: 00 level trading

  • #33,501
  • Dec 15, 2015 8:33pm Dec 15, 2015 8:33pm
entry a bit before Tokyo Open . . .
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  • #33,502
  • Dec 15, 2015 9:40pm Dec 15, 2015 9:40pm
GBPUSD [M5]

+5 TP

[slightly lower risk applied than normal]

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Note the entry later in the hour.... due to PA into recently uncharted territory so it pays to have the patience and sit back and watch where the market pushes price. Then decide on making an entry or walking away..........

Choose your entries very carefully and never feel the need to be rushed into a trade as this can and will draw errors..........

Masterrmind...........
Master your Mind then Master your Trades
  • #33,503
  • Dec 15, 2015 10:05pm Dec 15, 2015 10:05pm
Considering a pending long on UJ but waiting to see what PA tells me...........

No trade yet for me on EU, GU, EJ or GJ but the situation can change fast ..........

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #33,504
  • Dec 15, 2015 10:27pm Dec 15, 2015 10:27pm
Quoting Masterrmind
Considering a pending long on UJ but waiting to see what PA tells me........... No trade yet for me on EU, GU, EJ or GJ but the situation can change fast .......... Masterrmind........... :nerd:
USDJPY [M5]

+5 TP

Attached Image (click to enlarge)
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Masterrmind...........
Master your Mind then Master your Trades
  • #33,505
  • Dec 16, 2015 3:02am Dec 16, 2015 3:02am
GBPUSD (M15) +10.4pips - manually exit because of the red news ahead.


Trade Ideas:

1. The talking Stochs all the way - Nice Rope.....
2. Strength.
3. 5ema.
4. Momentum.



Happy trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 54 KB
Time always comes before price
  • #33,506
  • Dec 16, 2015 6:12am Dec 16, 2015 6:12am
GBPUSD [M5]

+5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB


Masterrmind............
Master your Mind then Master your Trades
  • #33,507
  • Dec 16, 2015 7:11am Dec 16, 2015 7:11am
New York Open

EURJPY [M5]

+5 TP

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57 seconds to TP!

Masterrmind............
Master your Mind then Master your Trades
  • #33,508
  • Dec 16, 2015 8:34am Dec 16, 2015 8:34am
GBPJPY [M5]

+5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB


Note: trading up into uncertainty... allow price to unravel any mystery and then unload........

Masterrmind...........
Master your Mind then Master your Trades
  • #33,509
  • Dec 16, 2015 9:08am Dec 16, 2015 9:08am
GBPUSD [M5]

+5 TP

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


Masterrmind...........
Master your Mind then Master your Trades
  • #33,510
  • Dec 16, 2015 10:15am Dec 16, 2015 10:15am
Quoting Masterrmind
GBPUSD [M5] +5 TP {image} Masterrmind...........
To Masterrmind,

You and Udine are such the experts here. Thank you so much for your posts, Please keep posting anything you want. They encourage and help me a lot.

Wish you guys health and happiness.
  • #33,511
  • Dec 16, 2015 10:36am Dec 16, 2015 10:36am
Quoting dieuluu
{quote} To Masterrmind, You and Udine are such the experts here. Thank you so much for your posts, Please keep posting anything you want. They encourage and help me a lot. Wish you guys health and happiness.
Indeed. Thanks for taking time to share guys. Always things to learn! -Jason
  • #33,512
  • Dec 16, 2015 8:49pm Dec 16, 2015 8:49pm
Quoting dieuluu
{quote} To Masterrmind, You and Udine are such the experts here. Thank you so much for your posts, Please keep posting anything you want. They encourage and help me a lot. Wish you guys health and happiness.
Hi dieuluu,

Thank you for the kind words........

I will mostly try to post only the Udine favorite pairs such as EU, GU, EJ and GJ but I will add in a few others from time to time just to add some flavor to the mix.

If you have questions please feel free to ask and I'll respond as best I can.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #33,513
  • Dec 16, 2015 9:36pm Dec 16, 2015 9:36pm
Asian session

EURJPY [M5]

+5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


GBPUSD [M5]

+3 pips (lower entry with TP at the 50 level)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 43 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #33,514
  • Dec 16, 2015 11:41pm Dec 16, 2015 11:41pm
USDCAD [M5]

+5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #33,515
  • Dec 17, 2015 12:48am Dec 17, 2015 12:48am
One question, wouldn't be safer to trade the 00 Level at 3rd and 4th digit ? Since I saw trades for 4th and 5th digit.
By failing to prepare, you are preparing to fail.
  • #33,516
  • Dec 17, 2015 2:44am Dec 17, 2015 2:44am
GJ + 26
GU + 14
GBP weak
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  • #33,517
  • Dec 17, 2015 4:26am Dec 17, 2015 4:26am
EURJPY (M15) +14.8pips.


Trade Ideas:

1. The talking Stochs all the way...
2. Sync in pair.
3. Strength.
4. Momentum.


Happy trading,
Yomi.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 57 KB
Time always comes before price
  • #33,518
  • Dec 17, 2015 5:02am Dec 17, 2015 5:02am
My trades from this morning:
Trade #1: GBPJPY to TP
Trade #2: GBPUSD to TP
Trade #3: EURJPY to TP

First two driven by very weak GBP and strong USD&JPY. Went straight to TP. Note, both opened >1h before GPB red news.
The EURJPY was also driven by strength, but I also expected it to keep direction and momentum after the passed red news.

Great to see I picked pretty much the exact same trades as some of the experienced traders here (Robinho & Yomi).

Happy trading and green pips to all of you!

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  • #33,519
  • Dec 17, 2015 6:06am Dec 17, 2015 6:06am
GBPUSD [M5]

+5 TP

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


Masterrmind...........
Master your Mind then Master your Trades
  • #33,520
  • Edited 6:41am Dec 17, 2015 6:28am | Edited 6:41am
Quoting Masterrmind
GBPUSD [M5] +5 TP {image} Masterrmind...........
Hi Masterrmind,

Sorry if you answer before. For this trade, you wait for a small retracement up to 1.4930 before enter order instead of entry at the beginning of the hour according to Udine's rule (which may be BE or SL in this case). Do you obserse price action of prior hour to decide whether you enter right at new hour open or wait for a retracement? If yes, how do you observe it? Because as I see, prior hour GU down so much, it can be dangerous if we keep selling at new hour open.

Thanks.
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