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As simple as possible: 00 level trading

  • #2,661
  • Jun 16, 2014 2:37am Jun 16, 2014 2:37am
is EJ sell at 137.800 valid right now? i had pending order there, but closed it, because price crossed 137.900 earlier
  • #2,662
  • Jun 16, 2014 2:38am Jun 16, 2014 2:38am
This system works very well. The beauty of the system is that it gives you a very solid vehicle on which to work. The rest is up to the trader: discipline and capital management.
I, when I speak of him, I call Udine system, although I know it is not original. But Udine is the person who has managed to popularize simple rules. And so we thank enormously the work Udine ago.
This is not to make the balls. This is the truth.
Donde hay Patron no manda Marinero
  • #2,663
  • Jun 16, 2014 2:38am Jun 16, 2014 2:38am
Quoting messiahua
is EJ sell at 137.800 valid right now? i had pending order there, but closed it, because price crossed 137.900 earlier

in my opinion its valid i have a pending order there
  • #2,664
  • Jun 16, 2014 2:38am Jun 16, 2014 2:38am
bonus of the day: GJ to TP

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #2,665
  • Jun 16, 2014 2:40am Jun 16, 2014 2:40am
Quoting mm2mm
I'm looking for EJ short @ .800 and EA .4400 any thoughs ?

EJ = correct

EA I dont follow

Udine
Sleep less, live fast, as it aint gonna last
  • #2,666
  • Jun 16, 2014 2:41am Jun 16, 2014 2:41am
Today trade #3

gj trail stop breakeven

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-16_GJ_03_BE.png Size: 48 KB
Healthy, Wealthy & Steady!!
  • #2,667
  • Jun 16, 2014 2:41am Jun 16, 2014 2:41am
today 2nd trade GJ...

due to high spread, close at TL +1.4pip
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2014-06-16 at 17.38.59.jpg Size: 133 KB
  • #2,668
  • Jun 16, 2014 2:41am Jun 16, 2014 2:41am
Hi guys,

GU +6.5
GJ +1.9
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-proh1.png Size: 34 KB
  • #2,669
  • Jun 16, 2014 2:42am Jun 16, 2014 2:42am
Quoting messiahua
is EJ sell at 137.800 valid right now? i had pending order there, but closed it, because price crossed 137.900 earlier

no need to close it... the only possible 00 level = the .800.. you were correct.

I have a pending there as well...

that the price goes above the .900 does not change anything.... I only remove when for the next hour, the .800 was NOT triggered and the the hour closed above the .900, then I need to adjust the pending order to .900..

Hope that makes it clear..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,670
  • Jun 16, 2014 2:42am Jun 16, 2014 2:42am
EJ Seems to be at big support :S
Shorts are tricky...
  • #2,671
  • Jun 16, 2014 2:44am Jun 16, 2014 2:44am
Quoting Udine
{quote} no need to close it... the only possible 00 level = the .800.. you were correct. I have a pending there as well... that the price goes above the .900 does not change anything.... I only remove when for the next hour, the .800 was NOT triggered and the the hour closed above the .900, then I need to adjust the pending order to .900.. Hope that makes it clear.. Udine
Yep that's clear!
THanks
  • #2,672
  • Jun 16, 2014 2:44am Jun 16, 2014 2:44am
GJ - TPed

Thanks Udine.

Pending order EJ at 137.800.
Attached Image (click to enlarge)
Click to Enlarge Name: gj.jpg Size: 152 KB
  • #2,673
  • Jun 16, 2014 2:47am Jun 16, 2014 2:47am
Quoting Udine
bonus of the day: GJ to TP Udine {image}
Udine...you see, because of your Daily open, this is your 2nd short trade...and im in ''the buy'' mode...
  • #2,674
  • Jun 16, 2014 2:48am Jun 16, 2014 2:48am
Trying to cover for commission on my 3 trades today has seen me stopped out at Break Even for all trades when
2 perhaps 3 all went on to hit target.

Frustrating, yes.

May try to cover half of commission instead of all of it?

Udine, I am assuming that you pay commission as your spreads are very low.
Do you try to account for your commission?
Healthy, Wealthy & Steady!!
  • #2,675
  • Jun 16, 2014 2:50am Jun 16, 2014 2:50am
Is it just me, or is PA particularly slow (even for a Monday) ?

Sometimes when looking at my screens I wonder if I have yet another internet blackout...
  • #2,676
  • Jun 16, 2014 2:55am Jun 16, 2014 2:55am
Quoting NewToForex14
{quote} Udine...you see, because of your Daily open, this is your 2nd short trade...and im in ''the buy'' mode...

other days it will be vice versa... just check your 1H charts over the past few weeks, there are plenty winners for you as well

Udine
Sleep less, live fast, as it aint gonna last
  • #2,677
  • Jun 16, 2014 2:57am Jun 16, 2014 2:57am
Quoting SunnyFx2002
Trying to cover for commission on my 3 trades today has seen me stopped out at Break Even for all trades when 2 perhaps 3 all went on to hit target. Frustrating, yes. May try to cover half of commission instead of all of it? Udine, I am assuming that you pay commission as your spreads are very low. Do you try to account for your commission?

dont worry, today is slow.. a typical monday which is somewhat directionless..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,678
  • Jun 16, 2014 2:58am Jun 16, 2014 2:58am
Quoting flx69
Is it just me, or is PA particularly slow (even for a Monday) ? Sometimes when looking at my screens I wonder if I have yet another internet blackout...

somewhat directionless, great patience training

Udine
Sleep less, live fast, as it aint gonna last
  • #2,679
  • Jun 16, 2014 3:02am Jun 16, 2014 3:02am
gj

172.9 pending sell

another time
  • #2,680
  • Jun 16, 2014 3:07am Jun 16, 2014 3:07am
Quoting Udine
{quote} nope dont thrade the UJ.. Udine Edit: ADR too small for my liking..
Udine... just wondering , did you ever try gold ?
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