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As simple as possible: 00 level trading

  • #1,441
  • Jun 11, 2014 3:02am Jun 11, 2014 3:02am
Quoting SunnyFx2002
{quote} Ahh, I had a Sell Stop Entry set up at 171.40 on GJ. Went out and see it's now triggered but News is on the way. Udine, In your experience, say you make a mistake and break one of your trading rules, do you; A: Shut the trade down soon as you realize your mistake and do 10 Burpees. B: Let the trade play out and journal the mistake and do 10 Burpees. C: Do 10 Burpees and then decide D: Watch previously posted Burpees video then decide. Cheers for any input you can offer.

E. shut the trade down immediately as soon as i realize the mistake, do 10 burpees and then watch the video

Udine
Sleep less, live fast, as it aint gonna last
  • #1,442
  • Jun 11, 2014 3:04am Jun 11, 2014 3:04am
gj -10 SL @ 171.50
ej +1 TS @ 138.49

so far -9, no more trades for the news the next hour.
  • #1,443
  • Jun 11, 2014 3:05am Jun 11, 2014 3:05am
Quoting Udine
{quote} E. shut the trade down immediately as soon as i realize the mistake, do 10 burpees and then watch the video Udine
Yep, that covers all bases for sure.

Healthy, Wealthy & Steady!!
  • #1,444
  • Jun 11, 2014 3:07am Jun 11, 2014 3:07am
So far, two BE trades this afternoon.
1) Sell EURAUD 1.44200
2) Sell EURJPY 138.500

Happy with BE as long as no losses so far.

Still up +10 pips from win this Tokyo morning. XD
  • #1,445
  • Jun 11, 2014 3:09am Jun 11, 2014 3:09am
Strange relationship, Udine vs houdini ... mmmhhh...
Donde hay Patron no manda Marinero
  • #1,446
  • Jun 11, 2014 3:11am Jun 11, 2014 3:11am
Quoting Patron
Strange relationship, Udine vs houdini ... mmmhhh...

dont understand.... I'm just a simple guy

Udine
Sleep less, live fast, as it aint gonna last
  • #1,447
  • Jun 11, 2014 3:17am Jun 11, 2014 3:17am
Hi Udine, first of all also from my side a big thank you. I read all post but still some questions:

1. No trading buy with pending 900 and no sell with 100. What about the 000 level. so do set a pending sell/buy if next level would be the 000?
2. You said best is London opening because Frankfurt sometimes a bit crazy. NY also good. So this means this two opening hours you are focused most? Or do you stay focused on every opening hour from Frankfurt opening till ? Thats the next question, if not reaching your daily target at what time (GMT) you stop trading? (18 GMT?)

Best regards
  • #1,448
  • Jun 11, 2014 3:21am Jun 11, 2014 3:21am
Quoting Udine
{quote} dont understand.... I'm just a simple guy Udine
Era uno scherzo, uomo.
Grazie per la condivisione, il thread più popolare che ho visto.
Congratulazioni
Donde hay Patron no manda Marinero
  • #1,449
  • Jun 11, 2014 3:23am Jun 11, 2014 3:23am
Quoting Patron
{quote} Era uno scherzo, uomo. Gacias per azione, il thread più popolare che ho visto. Congratulazioni.

entiendo..

saludos

Udine
Sleep less, live fast, as it aint gonna last
  • #1,450
  • Jun 11, 2014 3:23am Jun 11, 2014 3:23am
Hi Udine, mooi draadje!

Does anyone know if there is a wheelbarrow EA for MT5? Or another EA, anything with automatic SL and/or TSL parameters? I've looked for hours for one but to no avail.
  • #1,451
  • Jun 11, 2014 3:31am Jun 11, 2014 3:31am
TODAY TRADE #2

GJ STOPPED

Mistake made, trade plan updated.
Close trade immediately once I've realized I've made a mistake.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-11_GJ_02_STOPPED.png Size: 86 KB
Healthy, Wealthy & Steady!!
  • #1,452
  • Jun 11, 2014 3:33am Jun 11, 2014 3:33am
perhaps look to the news !!! gpb red
  • #1,453
  • Jun 11, 2014 3:34am Jun 11, 2014 3:34am
Quoting SunnyFx2002
TODAY TRADE #2 GJ STOPPED Mistake made, trade plan updated. Close trade immediately once I've realized I've made a mistake. {image}

well done, better take a small loss, instead of letting it run loose and possibly make it worse..

Udine
Sleep less, live fast, as it aint gonna last
  • #1,454
  • Jun 11, 2014 3:35am Jun 11, 2014 3:35am
the way GBP going looks like no more tradesetups based on ADR
  • #1,455
  • Jun 11, 2014 3:36am Jun 11, 2014 3:36am
Quoting mathprav
the way GBP going looks like no more tradesetups based on ADR
then focus on other pair(s)

Udine
Sleep less, live fast, as it aint gonna last
  • #1,456
  • Jun 11, 2014 3:41am Jun 11, 2014 3:41am
Quoting mathprav
the way GBP going looks like no more tradesetups based on ADR

20day adr for gj is about 85.. this pair is into 58 atm.

if the current 1hr candle closes solid bullish then d1 is bullish.. it should be good to go.. still there is room to 85.

am I correct guys?
Passion, Persist, Patience, Protect
  • #1,457
  • Jun 11, 2014 3:44am Jun 11, 2014 3:44am
Quoting FXEmpire
{quote} 20day adr for gj is about 85.. this pair is into 58 atm. if the current 1hr candle closes solid bullish then d1 is bullish.. it should be good to go.. still there is room to 85. am I correct guys?
as long as the xADR RmUp is NOt red then Yes

Udine
Sleep less, live fast, as it aint gonna last
  • #1,458
  • Jun 11, 2014 3:54am Jun 11, 2014 3:54am
Quoting Udine
{quote} then focus on other pair(s) Udine
another EU 0 TS -commission
  • #1,459
  • Jun 11, 2014 3:56am Jun 11, 2014 3:56am
Udine when you say red news - can you confirm it's only red news for that pair that we watch out for? So if there is red GBP news we can still trade EJ? Or do we sit out all trades if there is red news on a major due to the market correlations?
  • #1,460
  • Jun 11, 2014 3:56am Jun 11, 2014 3:56am
Done for the day

EJ to TP
Attached Image
Sleep less, live fast, as it aint gonna last
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