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As simple as possible: 00 level trading

  • #4,141
  • Jun 19, 2014 10:59pm Jun 19, 2014 10:59pm
SunnyFX your trailing stop should have kicked in on that gj trade and got you square instead of -10 - what happened?
  • #4,142
  • Jun 19, 2014 11:01pm Jun 19, 2014 11:01pm
Quoting mkfx
{quote} Hi I think your entry was too late. You shold have entered on first crossing Thanks
Thanks MKFX

I must be missing something, which if I am I really appreciate you pointing this out.

My entry was made on the 2nd hour of Tokyo trading.

I missed the 1st hour as wasn't at my desk. I saw that the hourly candle closed at 173.615

So I placed a pending SELL STOP at the 600.

Was that wrong?

Cheers
Healthy, Wealthy & Steady!!
  • #4,143
  • Jun 19, 2014 11:02pm Jun 19, 2014 11:02pm
Quoting silversurfer
SunnyFX your trailing stop should have kicked in on that gj trade and got you square instead of -10 - what happened?
I know, what was up with that??

It's worked every other time.

I'm still using the original WUKAR and the Wheelbarrow is attached to a separate chart.

POOOOOooooo.
Healthy, Wealthy & Steady!!
  • #4,144
  • Jun 19, 2014 11:11pm Jun 19, 2014 11:11pm
good morning (at least here it is morning)

patience to all who send me a PM..

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #4,145
  • Jun 19, 2014 11:20pm Jun 19, 2014 11:20pm
Quoting BarneyDog
{quote} Why not at .9400 at beginning of 0 utc gmt?
Please refer to rule #2

Masterrmind..............
Master your Mind then Master your Trades
  • #4,146
  • Jun 19, 2014 11:25pm Jun 19, 2014 11:25pm
Good Morning Udine....

I trust you rested well!

Masterrmind...........
Master your Mind then Master your Trades
  • #4,147
  • Jun 19, 2014 11:31pm Jun 19, 2014 11:31pm
TODAY TRADE #02

GJ Stopped

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-20_gj_02 st.png Size: 29 KB
Healthy, Wealthy & Steady!!
  • #4,148
  • Jun 19, 2014 11:36pm Jun 19, 2014 11:36pm
Quoting Masterrmind
Good Morning Udine.... I trust you rested well! Masterrmind...........
yes I did and watched plenty soccer...

Am sorry for our UK friends

Udine
Sleep less, live fast, as it aint gonna last
  • #4,149
  • Jun 19, 2014 11:37pm Jun 19, 2014 11:37pm
Quoting SunnyFx2002
TODAY TRADE #02 GJ Stopped {image}

Why dont you wait for some markets to open ???

no need to rush it ..

Udine
Sleep less, live fast, as it aint gonna last
  • #4,150
  • Jun 19, 2014 11:41pm Jun 19, 2014 11:41pm
Dont forget in less than 2 hours RED JPY NEWS

Udine
Attached Image (click to enlarge)
Click to Enlarge Name: 140620 news.jpg Size: 44 KB
Sleep less, live fast, as it aint gonna last
  • #4,151
  • Jun 19, 2014 11:42pm Jun 19, 2014 11:42pm
Hi Udine,

Good morning to you.

Looks like no pizza for family and I this week.

But, will power on next week. Getting so many trades each day and watching how price moves
is a priceless experience for sure.

Especially for someone who normally gets around 1 or 2 trades a week trading usual method.
Healthy, Wealthy & Steady!!
  • #4,152
  • Jun 19, 2014 11:43pm Jun 19, 2014 11:43pm
Good Morning,
Coffee for everyone.
Attached Image
  • #4,153
  • Jun 19, 2014 11:46pm Jun 19, 2014 11:46pm
Quoting Udine
{quote} Why dont you wait for some markets to open ??? no need to rush it .. Udine
I normally wait for London to open but had the day to myself today so thought I would
see what Tokyo was like to trade as NY is too late for me.

I've been exhausted all week as I stayed up past 1:00 am to trade and then wake up early for work.

It is what it is. But if this was easy everyone would be succeeding and not having to go to job.
Right now that is a dream and goal for me and I really appreciate all your assistance too.
Healthy, Wealthy & Steady!!
  • #4,154
  • Jun 20, 2014 12:02am Jun 20, 2014 12:02am
Quoting Udine
good morning (at least here it is morning) patience to all who send me a PM.. Udine {image}
Still in bed here . seems you may get overwhelmed Udine its the way it goes. Maybe a chat room could help I notice the #forex room on snoonet webchat is mostly un used just a thought !D
  • #4,155
  • Jun 20, 2014 12:12am Jun 20, 2014 12:12am
Quoting silversurfer
SunnyFX your trailing stop should have kicked in on that gj trade and got you square instead of -10 - what happened?
The bid looks like it reached 3.5 pips profit, but I highly doubt the ask made it there. With a 1.5 pip spread, your bid would have to reach the .5 line on the short for the ask to reach the BE of 3.5 pips. So to profit a full 5 pips, your chart would have to pass through the .5 level by a full 1.5 pips.
Small disciplines repeated with consistency lead to great achievements.
  • #4,156
  • Jun 20, 2014 12:19am Jun 20, 2014 12:19am
Quoting SunnyFx2002
Hi, Udine's Rule #18 says trade higher ADR pairs. I was wondering if there was an indicator (something) perhaps already buried in this thread that scans the pairs and gives an ADR reading perhaps for past 5 days across all pairs. EJ is only 52 for past 5 days so I wouldn't call this a high ADR pair. Any help much appreciated. Cheers
Did you open the news template in the zip it has the ADR chart. I don't know for how many days though D
  • #4,157
  • Jun 20, 2014 12:20am Jun 20, 2014 12:20am
Buenos días familia,

I am ready to get my 10 pips in.
Early bird pending orders I´ve just set on the new H1 candle, before Frankie gets up.

EURCAD long @ 1.47400 (my daily open 1.47150)
GBPUSD long @ 1.70500 (my daily open 1.70370)

Coffeetime and the waiting game begins...
  • #4,158
  • Jun 20, 2014 12:23am Jun 20, 2014 12:23am
Oh dear, oh dear,

Whilst writing the message above, EURCAD TP already hit.

Guess that´s one down, one to go...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 60 KB
  • #4,159
  • Jun 20, 2014 12:30am Jun 20, 2014 12:30am
Quoting photize
{quote} Did you open the news template in the zip it has the ADR chart. I don't know for how many days though D
Thank you for the heads up.

I must have missed those posts.

Appreciate it.
Healthy, Wealthy & Steady!!
  • #4,160
  • Jun 20, 2014 12:30am Jun 20, 2014 12:30am
Confer GJ -10 (pre Frankfurt)

....as stated earlier at a reduced position size.....

Masterrmind............
Master your Mind then Master your Trades
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