It's putting all the little things together that makes all the difference. All the obstacles you see on your chart are really just like a series of "give way" signs to Price Action. Just like the monthly support you mentioned. It doesn't mean that ...

As simple as possible: 00 level trading

Turned out to be an excellent decision. Great perception! Masterrmind.........

As simple as possible: 00 level trading

The less you have of them on your chart the better however you still need a few! I still like what I'd call information indicators or indicators that alert me to certain things on the chart. I also have strength indicators that I examine and relate ...

As simple as possible: 00 level trading

Trade #3 EURJPY +5 TP image Comment: Done for the day! Masterrmind............

As simple as possible: 00 level trading

Trade #2 AUDPY +5 TP image Comment: 2nd attempt...no TS ... all the way! Masterrmind.............

As simple as possible: 00 level trading

I will for a short time to see how it goes BUT I'm not suggesting anyone else does...........TS is for insurance! Recently I see that several of my TS trades would have been TP's and for this reason it will get turned off temporarily. ...

As simple as possible: 00 level trading

Trade #1 AUDJPY out by TS image Comment: TS strikes again..........from now on it won't! Masterrmind...........

As simple as possible: 00 level trading

This is why choosing your trades is very important...you need to get that part right. The system is designed to get your 2 initial trades to TP and then that's it for the day. Returning the next day to look for your best 2 trade setups is what it ...

As simple as possible: 00 level trading

Yes that is of course correct! Meaning you need to be winning at >= 70% of your trades. (based on a simple example of 10 trades) ps. the initial post was meant to be an indication of how important choosing your trades is to the success rate but I ...

As simple as possible: 00 level trading

As I said it depends how you work it out but I only provided a basic example which does not include commission, spread etc since almost everyone trading here has variations meaning that they will need to account for their commission and other broker ...

As simple as possible: 00 level trading

There is already a very accomplished coder doing exactly that right now...........XUX99! You can search it at: url Hope that's useful to you. Your own coding skills though would always be greatly appreciated here as other members have also ...

As simple as possible: 00 level trading

I very quick calculation shows that with a TP = 5 pips and a SL = 10 pips that if you have just 1 loss in 10 trades your % drops from 100 down to 70. Here are a few quick examples based on 10 trades: 1. 10/10 trades = 50 pips =100% [no loss trade] ...

As simple as possible: 00 level trading

Morning All, Once the ADR's start getting up to more respectable levels I'll start looking at the Asian session again but until then it's around the FF Open that I start looking for trades. See you all a few hours before FF Open and good luck to ...

As simple as possible: 00 level trading

Time for rest not a lot worth trading from what I can see but things can change fast in this business so who knows! Took a couple of over extended trades (ie 2 by EJ trades to TP but not by the rules so no need to post) Good luck to all and I hope ...

As simple as possible: 00 level trading

I'm happy to see that it's useful for you....that's a very good sign. Good luck. Masterrmind...........

As simple as possible: 00 level trading

Both were good trades..... Masterrmind........

As simple as possible: 00 level trading

Trade #1 GBPCAD out by TS image Comment: everything right except for the TS...........hmmm! Masterrmind..........

As simple as possible: 00 level trading

Great comments there Qed. Exactly right! Masterrmind........

As simple as possible: 00 level trading

First off try to relax and take it easy.... Make sure you read over the rules several times so that you are very familiar with them. You only really need to have D1 and H1 the same color and at this stage I don't recommend looking at any other TF's ...

As simple as possible: 00 level trading

Yes that response by me was very brief and to the point but really needs to be done in far more comprehensive detail.... All the best, Masterrmind...........

As simple as possible: 00 level trading