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As simple as possible: 00 level trading

  • #2,601
  • Jun 16, 2014 2:58am Jun 16, 2014 2:58am
Quoting Udine
{quote} dont do kung fu, but I am better looking Udine
I know that guy was some ugly mo fo.. lol
Passion, Persist, Patience, Protect
  • #2,602
  • Jun 16, 2014 2:59am Jun 16, 2014 2:59am
Quoting Patron
{quote} For the next hour, I think it would be interesting to monitor GBPUSD and GBPJPY, for shorts. {image} {image}
GBPUSD and GBPJPY , SELL STOP
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd sell stop.PNG Size: 69 KB
Click to Enlarge Name: gbpjpy sell stop.PNG Size: 108 KB
Donde hay Patron no manda Marinero
  • #2,603
  • Jun 16, 2014 3:04am Jun 16, 2014 3:04am
Quoting FXEmpire
Udine.. your opinion.. speaking of not trading the franky fakey.. but we also see some good winners in it's period.. so what I did I traded but with much much more tighter stop.. meaning post entry I only look for forward movement anything less than that I bail... hard sl of 5 with visual sl of about 2-3.. so i took to trades today on franky for total lost of 5 pips on both. is this something that we can exercise or add to the rules of 1st post maybe. I know there is plenty of opportunities post london and may not need the possible agonies of the...
Ok my take on trading the Frankfurt open...

If you want to trade Frankfurt, start trading on Tuesday, as then the markets might have decided a direction... but mondays the money in the market is still thin, (remember its only MHO)

When you have profited on Monday after the london open, and start trading frankfurt on tuesday, your basically risking your monday profits..., but at least had a positive start of the week..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,604
  • Jun 16, 2014 3:07am Jun 16, 2014 3:07am
Quoting Udine
{quote} Ok my take on trading the Frankfurt open... If you want to trade Frankfurt, start trading on Tuesday, as then the markets might have decided a direction... but mondays the money in the market is still thin, (remember its only MHO) When you have profited on Monday after the london open, and start trading frankfurt on tuesday, your basically risking your monday profits..., but at least had a positive start of the week.. Udine
makes sense.. thx
Passion, Persist, Patience, Protect
  • #2,605
  • Jun 16, 2014 3:10am Jun 16, 2014 3:10am
udine on ej would you take shot at 700 lv again off the new hour?
Passion, Persist, Patience, Protect
  • #2,606
  • Jun 16, 2014 3:10am Jun 16, 2014 3:10am
done: GJ to TP

Udine

Eidt: forgot the chart
Attached Image
Sleep less, live fast, as it aint gonna last
  • #2,607
  • Jun 16, 2014 3:10am Jun 16, 2014 3:10am
And done. 2nd win of the day.
G/J sell at 173
  • #2,608
  • Jun 16, 2014 3:12am Jun 16, 2014 3:12am
Quoting FXEmpire
udine on ej would you take shot at 700 lv again off the new hour?

I have my pending at .800, my previous hour close was 137.868.. so next 00 level = .800

Udine
Sleep less, live fast, as it aint gonna last
  • #2,609
  • Jun 16, 2014 3:15am Jun 16, 2014 3:15am
Quoting Udine
done: GJ to TP Udine Eidt: forgot the chart {image}

I passed on that.. I wanted to see some kind of a confirmation like a bearish 15min close after previous bullish hourly candle..
assume it's irrelevant Udine.. right? but I am not sure this type of signals are high probability one..
Passion, Persist, Patience, Protect
  • #2,610
  • Jun 16, 2014 3:16am Jun 16, 2014 3:16am
Quoting Udine
{quote} I will adjust Rule 2. 2. Entry ONLY the FIRST 00 level rule 20. remains the same 20. only 1 trade per hour Udine
Rule # 20 says "20. only 1 trade per hour"

Should that be rewritten to read "20. only 1 trade per hour per pair" ?

Masterrmind...........
Master your Mind then Master your Trades
  • #2,611
  • Jun 16, 2014 3:16am Jun 16, 2014 3:16am
Quoting FXEmpire
{quote} I passed on that.. I wanted to see some kind of a confirmation like a bearish 15min close after previous bullish hourly candle.. assume it's irrelevant Udine.. right? but I am not sure this type of signals are high probability one..

retesting levels is always more risky

Udine
Sleep less, live fast, as it aint gonna last
  • #2,612
  • Jun 16, 2014 3:17am Jun 16, 2014 3:17am
Quoting Udine
{quote} I have my pending at .800, my previous hour close was 137.868.. so next 00 level = .800 Udine
oh thats what i meant.. 800lv...
so you would go for the same level but on the new hour??
Passion, Persist, Patience, Protect
  • #2,613
  • Jun 16, 2014 3:17am Jun 16, 2014 3:17am
Quoting Masterrmind
{quote} Rule # 20 says "20. only 1 trade per hour" Should that be rewritten to read "20. only 1 trade per hour per pair" ? Masterrmind...........

first post edited
Sleep less, live fast, as it aint gonna last
  • #2,614
  • Jun 16, 2014 3:18am Jun 16, 2014 3:18am
Quoting Udine
{quote} first post edited
Well done!
Master your Mind then Master your Trades
  • #2,615
  • Jun 16, 2014 3:22am Jun 16, 2014 3:22am
TODAY TRADE #1

GJ Trail Stop Break Even

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-16_GJ_01_BreakEven.png Size: 53 KB
Healthy, Wealthy & Steady!!
  • #2,616
  • Jun 16, 2014 3:22am Jun 16, 2014 3:22am
Quoting Patron
{quote} GBPUSD and GBPJPY , SELL STOP {image} {image}
I close with gains GBPJPY, and remove the pending order for GBPUSD.

Objetivo diario conseguido. Me felicito a mi mismo!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPYJPY CLOSE GAIN.PNG Size: 81 KB
Donde hay Patron no manda Marinero
  • #2,617
  • Jun 16, 2014 3:25am Jun 16, 2014 3:25am
Quoting Udine
done: GJ to TP Udine Eidt: forgot the chart {image}
I saw you got this one Udine.

I adjusted my WUKAR to account for commission so that may have caused me to miss my target.

Will journal this to see if it causes me to miss too many winners.
Healthy, Wealthy & Steady!!
  • #2,618
  • Jun 16, 2014 3:25am Jun 16, 2014 3:25am
until know i have

1 st ej
1 tp gj

1 lost
1 win

tot -5
  • #2,619
  • Jun 16, 2014 3:30am Jun 16, 2014 3:30am
Quoting FXEmpire
Udine.. your opinion.. speaking of not trading the franky fakey.. but we also see some good winners in it's period.. so what I did I traded but with much much more tighter stop.. meaning post entry I only look for forward movement anything less than that I bail... hard sl of 5 with visual sl of about 2-3.. so i took to trades today on franky for total lost of 5 pips on both. is this something that we can exercise or add to the rules of 1st post maybe. I know there is plenty of opportunities post london and may not need the possible agonies of the...
An idea for those who want to trade more risky markets (ie. Frankfurt) or later after the daily goal reach (bonus trades), enter your positions with a lower risk (lot size).

Just a thought ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #2,620
  • Jun 16, 2014 3:30am Jun 16, 2014 3:30am
ej out +3..
too much jerking around at riskier level.. so i took the earlier out option for small profit
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.im15.png Size: 66 KB
Passion, Persist, Patience, Protect
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