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As simple as possible: 00 level trading

  • #2,541
  • Jun 16, 2014 1:22am Jun 16, 2014 1:22am
start of the week two straight losses, EU and GU
  • #2,542
  • Jun 16, 2014 1:22am Jun 16, 2014 1:22am
EU buy @ 1.35500 -> SL
  • #2,543
  • Jun 16, 2014 1:22am Jun 16, 2014 1:22am
Hi Udine and everyone.. wish you all the best trading week..

took shot at eu 500LV long already.. closed it for -3..
Attached Image (click to enlarge)
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Passion, Persist, Patience, Protect
  • #2,544
  • Jun 16, 2014 1:22am Jun 16, 2014 1:22am
Quoting mt4fxtrader
I just have a quick question regarding RN's. I've been following this thread since it started and I can't recall if this has already been asked before. I apologize in advance if it has. So I know the rules say no shorting at the .100 levels, and also only trading the first 00 level that price crosses in that hour. Now what if price is hovering around .150 at the beginning of the hour, and throughout the hour price drops through the .100 level and reaches the RN below. Now would the RN level be a valid short entry? I know RN's are acceptable as entry...

the 000 level would be the second 00 level, so the answer is no..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,545
  • Jun 16, 2014 1:22am Jun 16, 2014 1:22am
Quoting FerruFx
{quote} Rule #3 So now you are good to test the rule #21
S***t!!!

Never trade on Mondays without having drink coffee!!!

That's the most important rule I think!!!!!!!!!!!!!
  • #2,546
  • Jun 16, 2014 1:22am Jun 16, 2014 1:22am
First trade of the day; EURUSD long @ 135.500, S/L hit... (The H1 and D1 candles were green at the time of the PO).
Attached Image (click to enlarge)
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  • #2,547
  • Jun 16, 2014 1:26am Jun 16, 2014 1:26am
Quoting FerruFx
{quote} Rule #3 So now you are good to test the rule #21

oh so true..

too many people are too eager to trade

Patience and discipline are vital virtues if you want to be successful in trading..

patience Grasshoppers !!!!

Udine
Sleep less, live fast, as it aint gonna last
  • #2,548
  • Jun 16, 2014 1:29am Jun 16, 2014 1:29am
Quoting pedma
{quote} Hi, This is the edited version: 004B. Change (repaired) : *) bugs on using other pair than EURJPY / GBPJPY (the repeating alert ...) *) bugs on calendar news filtering (thanks to: Ron for reporting the bugs ) Thanks -pedma {file}

Great work !!

although I wont be using/testing it, as all the information is quite condensed and not easy for me to read...... thats the only reason

Udine
Sleep less, live fast, as it aint gonna last
  • #2,549
  • Jun 16, 2014 1:31am Jun 16, 2014 1:31am
Quoting mathprav
start of the week two straight losses, EU and GU

guys simply wait for London open, which is much easier to trade ????

remember 8 hours = 8 potential set ups * 2 pairs = 16 potential trades... no need to rush it !!!!

Udine
Sleep less, live fast, as it aint gonna last
  • #2,550
  • Jun 16, 2014 1:32am Jun 16, 2014 1:32am
Quoting panosmgr
{quote} S***t!!! Never trade on Mondays without having drink coffee!!! That's the most important rule I think!!!!!!!!!!!!!

I have a daily routine...which includes a lot of things... but

rule 4. coffee first, then trading

Udine
Sleep less, live fast, as it aint gonna last
  • #2,551
  • Jun 16, 2014 1:34am Jun 16, 2014 1:34am
Quoting flx69
First trade of the day; EURUSD long @ 135.500, S/L hit... (The H1 and D1 candles were green at the time of the PO). {image}

Frankfurt fake.. happens plenty of times.. simply wait for London open... and use the timefrom Frankfurt open to simply watch the markets getting warmed up..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,552
  • Jun 16, 2014 1:34am Jun 16, 2014 1:34am
Hello.

First trade of the week. +5

Attached Image (click to enlarge)
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Have a great and profitable week!
  • #2,553
  • Jun 16, 2014 1:45am Jun 16, 2014 1:45am
GJ TSL Hit
  • #2,554
  • Jun 16, 2014 1:48am Jun 16, 2014 1:48am
EU SL Hit,
so far 3 SL and 1 TS, one more SL can stop trading for the day....
  • #2,555
  • Jun 16, 2014 1:50am Jun 16, 2014 1:50am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting mathprav
EU SL Hit, so far 3 SL and 1 TS, one more SL can stop trading for the day....
So you are close to stop trading ... even before the trading time has started (UK)

That's a great start for the week ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,556
  • Jun 16, 2014 1:56am Jun 16, 2014 1:56am
Quoting mathprav
GJ TSL Hit
Trading rule no. 12
  • #2,557
  • Jun 16, 2014 1:58am Jun 16, 2014 1:58am
Quoting FerruFx
{quote} So you are close to stop trading ... even before the trading time has started (UK) That's a great start for the week ...
GU -10
EU -10
GJ 1,
EJ -10,

so far the results....
total 6% down my equity, last week was break even
  • #2,558
  • Jun 16, 2014 2:01am Jun 16, 2014 2:01am
EURUSD.- Sell Stop
Attached Image (click to enlarge)
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Donde hay Patron no manda Marinero
  • #2,559
  • Jun 16, 2014 2:02am Jun 16, 2014 2:02am
Quoting mathprav
{quote} GU -10 EU -10 GJ 1, EJ -10, so far the results.... total 6% down my equity, last week was break even

Dont trade Frankfurt ..

Start London... increase the probability of winning trades!!

Choose your battles more wisely !!

Udine
Sleep less, live fast, as it aint gonna last
  • #2,560
  • Jun 16, 2014 2:04am Jun 16, 2014 2:04am
My daily open in EU is 1.3539, so I'll not trade the 1.35400 level. My sell stop sits at 1.3530 and buy stop at 1.3550

Active trade in EJ short at 137.800


Edit: EU filled short at 1.35300
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