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As simple as possible: 00 level trading

  • #481
  • Jun 5, 2014 6:39am Jun 5, 2014 6:39am
Quoting pedma
{quote} I think during the news, we may not put any order .... ??? .
You are right my friend. Stop trading 1 hour before important news... (Udine's rule)
  • #482
  • Jun 5, 2014 6:40am Jun 5, 2014 6:40am
Quoting whatfx
EJ short coming up @ 139.40 ?
Yes but... EJ red news in 5 minutes. So, don't trade.

Let news come out and we see after that for a 00 level.
  • #483
  • Jun 5, 2014 6:43am Jun 5, 2014 6:43am
Quoting pedma
{quote} I think during the news, we may not put any order .... ??? My GJ SL get hit @171.800 .... Testing with 2 different broker, with different spread .... realized that some times the pending order is hit at a broker, but not at the other one ....
Why entering short at 171.7 ?
Trade Safe !
  • #484
  • Jun 5, 2014 6:45am Jun 5, 2014 6:45am
Ops! Sell Stop order triggered at 171.700 and because of EUR news (probably) SL hit within a minute!
  • #485
  • Jun 5, 2014 6:49am Jun 5, 2014 6:49am
Quoting panosmgr
{quote} Yes but... EJ red news in 5 minutes. So, don't trade. Let news come out and we see after that for a 00 level.

Goodgame24

well, if you stick to your support/resistance criteria, you will miss a lot of good profitable trades. you need to stick to the system rules, and not add your own rules. just avoid trading near BRN's and nothing else.


panosmgr

what EJ news in 5 mins are you talking about ? i only see usd red news coming out in 45 mins !

even so, that should not impact EJ greatly.
  • #486
  • Jun 5, 2014 6:50am Jun 5, 2014 6:50am
Quoting whatfx
{quote}.... panosmgr what EJ news in 5 mins are you talking about ? i only see usd red news coming out in 45 mins ! even so, that should not impact EJ greatly.

2:45pmEURMinimum Bid Rate

(From FF calendar)
  • #487
  • Jun 5, 2014 6:55am Jun 5, 2014 6:55am
Quoting panosmgr
{quote} 2:45pmEURMinimum Bid Rate (From FF calendar)
Sleep less, live fast, as it aint gonna last
  • #488
  • Jun 5, 2014 6:56am Jun 5, 2014 6:56am
Now you can see why Udine told you not to trade near significant news events - even though most commentators predicted it correctly.
  • #489
  • Jun 5, 2014 6:58am Jun 5, 2014 6:58am
I hope such a strange days don't happen so often...

5 trades till now... -20 pips for me

(I'm out for a while... lunch time)

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  • #490
  • Jun 5, 2014 6:58am Jun 5, 2014 6:58am
Quoting panosmgr
{quote} 2:45pmEURMinimum Bid Rate (From FF calendar)

i dont normally consider news or trade news, so iam at loss as to which page you were looking at ?

i went to calender for 5 june, only red news it shows is USD employment figures coming out at 1.30 pm gmt.

so which page are you looking at in forex factory ?
  • #491
  • Jun 5, 2014 6:59am Jun 5, 2014 6:59am
Quoting Goodgame42
{quote} Why entering short at 171.7 ?
This is not now, but about 4 hours ago ..... no big news at that time
Good friends are more valuable than gold ...
  • #492
  • Jun 5, 2014 7:00am Jun 5, 2014 7:00am
Quoting whatfx
{quote} Goodgame24 well, if you stick to your support/resistance criteria, you will miss a lot of good profitable trades. you need to stick to the system rules, and not add your own rules. just avoid trading near BRN's and nothing else. panosmgr what EJ news in 5 mins are you talking about ? i only see usd red news coming out in 45 mins ! even so, that should not impact EJ greatly.
Thank you for you regardless of my trading but all is OK for me !
I don't add any rules buddy it's only PRICE ACTION !
Without this, you can't be a great long term trader !
Trade Safe !
  • #493
  • Jun 5, 2014 7:01am Jun 5, 2014 7:01am
Quoting Zokynho
{quote} I agree with you about serious bussiness part with you,but disagree with part of watching support and resistance zones,they aren't part of this system and as Udine says 'keep it even simpler'.... when trade occur get in,simple as that. After losing trade we could always find reason why not to enter in trade but we looking for only 5 pips with really simple and straigfoward method which provide Udine 76% accurate and 80% return on his account so no need to watch those in my opinion and they arent so strong when you looking for small target...
You can not trade without looking for S%R completely. If you have only a low distance to a S/R (a few pips), its better not to trade. See the rules of Udine: Distance RN (Round Numbers) > 10 pips.
  • #494
  • Jun 5, 2014 7:02am Jun 5, 2014 7:02am
Quoting whatfx
{quote} so which page are you looking at in forex factory ?
FF home page.

Simple...


======================
RmDn at EURJPY is red right now so... no other short trades from this point
  • #495
  • Jun 5, 2014 7:02am Jun 5, 2014 7:02am
Quoting whatfx
{quote} i dont normally consider news or trade news, so iam at loss as to which page you were looking at ? i went to calender for 5 june, only red news it shows is USD employment figures coming out at 1.30 pm gmt. so which page are you looking at in forex factory ?
No need to go to calendar of 5 june.. just go back and forth to FF home page..

Happy Trades
Focus only on what truly matters!
  • #496
  • Jun 5, 2014 7:04am Jun 5, 2014 7:04am
Quoting whatfx
{quote} i dont normally consider news or trade news, so iam at loss as to which page you were looking at ? i went to calender for 5 june, only red news it shows is USD employment figures coming out at 1.30 pm gmt. so which page are you looking at in forex factory ?
here you go calendar page ff.com today
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Sleep less, live fast, as it aint gonna last
  • #497
  • Jun 5, 2014 7:09am Jun 5, 2014 7:09am
@Udine,

ECB in about 25 minutes from now. So, i will not trade now. And the H1 will draw a new candle in about 55 minutes from now. If there is signal for the next H1 (about 1 hour from now), can we trade ? Because the next red news is for CAD, and it will be happen after the next H1 candle close ....

But normally (i think) the ECB process need more than 30 minutes to be stable .... it means the effect of ECB still exist at the next H1 candle open ...

Thanks
-pedma
Good friends are more valuable than gold ...
  • #498
  • Jun 5, 2014 7:11am Jun 5, 2014 7:11am
my screen to start at NY
my time 7 am
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  • #499
  • Jun 5, 2014 7:12am Jun 5, 2014 7:12am
Quoting pedma
@Udine, ECB in about 25 minutes from now. So, i will not trade now. And the H1 will draw a new candle in about 55 minutes from now. If there is signal for the next H1 (about 1 hour from now), can we trade ? Because the next red news is for CAD, and it will be happen after the next H1 candle close .... But normally (i think) the ECB process need more than 30 minutes to be stable .... it means the effect of ECB still exist at the next H1 candle open ... Thanks -pedma

I only consider EU GBP USD and JPY news, nothing else
Sleep less, live fast, as it aint gonna last
  • #500
  • Jun 5, 2014 7:13am Jun 5, 2014 7:13am
Another looser for me on gbp/jpy -10

That was quick!

Regards!
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