As simple as possible: 00 level trading | Page 321 | Forex Factory

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As simple as possible: 00 level trading

  • #6,401
  • Jun 30, 2014 2:17am Jun 30, 2014 2:17am
Good Morning
Coffee everyone
  • #6,402
  • Jun 30, 2014 2:18am Jun 30, 2014 2:18am
Udine,

Does the first cross-rule refer to the first cross in the same direction or is a reverse valid, if price has crossed a level in the other direction?

Archie
  • #6,403
  • Jun 30, 2014 2:22am Jun 30, 2014 2:22am
off to the accountant..

back later

Udine
Sleep less, live fast, as it aint gonna last
  • #6,404
  • Jun 30, 2014 2:23am Jun 30, 2014 2:23am
GJ -10
  • #6,405
  • Jun 30, 2014 2:23am Jun 30, 2014 2:23am
Trade #2 o/t day, GJ, SL hit.
Attached Image (click to enlarge)
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  • #6,406
  • Jun 30, 2014 2:25am Jun 30, 2014 2:25am
Trade #1
GJ to SL
Attached Image (click to enlarge)
Click to Enlarge Name: 20140630gbpjpy sl.png Size: 32 KB
  • #6,407
  • Jun 30, 2014 2:26am Jun 30, 2014 2:26am
Quoting buntmn
{quote} Good question AND answer. Hopefully a few people take note. This isn't a set and forget system. Simple, yes but some basic trading knowledge is required. Hopefully you stick around MM coz when times are difficult (ranging) people will/are start to question what's going on and why are they hit with losses and its experienced traders who will point them in right direction and hopefully reduce some frustration/increase knowledge. Only need 2 profit trades a day. May as well pick the battles that can be won easily.
Thank you for your compliments.

I'm certain we can all learn something from each other that just might help to make us better traders (no matter at what stage we are at in our trading).

Each and everyone of us has his or her own story and they are mostly different.

The one common factor between all of us is a desire to be better traders!

I plan on sticking around ...and besides I like the temperament of Udine.

Masterrmind............
Master your Mind then Master your Trades
  • #6,408
  • Jun 30, 2014 2:27am Jun 30, 2014 2:27am
gj sl -10
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy zzz 9.png Size: 45 KB
  • #6,409
  • Jun 30, 2014 2:27am Jun 30, 2014 2:27am
GJ - SL
Attached Image (click to enlarge)
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  • #6,410
  • Edited 2:46am Jun 30, 2014 2:28am | Edited 2:46am
Quoting flx69
Trade #2 o/t day, GJ, SL hit. {image}
Hi there
Should't your levels be .500 for a sell and .700 for a buy ?

EDIT: My apologies, I think I misread the situation, everything is correct

Dufoo
  • #6,411
  • Jun 30, 2014 2:37am Jun 30, 2014 2:37am
Trade #2
EURJPY to TS
Attached Image (click to enlarge)
Click to Enlarge Name: 20140630eurjpyts.png Size: 26 KB
  • #6,412
  • Jun 30, 2014 2:38am Jun 30, 2014 2:38am
Morning Udine,

Did you take the GJ long trade at all ?
  • #6,413
  • Jun 30, 2014 2:38am Jun 30, 2014 2:38am
EJ with TS (+0.2)
  • #6,414
  • Jun 30, 2014 2:41am Jun 30, 2014 2:41am
@Udine, @oztrader79 and @SerenityFx

I hate to say that I was right - THE SECOND TIME TODAY - with my theory about instituational traders wathcing and hunting down the setups.

The London open trade on G/J has happened AGAIN according to what I had predicted (http://www.forexfactory.com/showthre...42#post7568542). Deja Vu... (see my previous post about the Frankfurt open trade).

BuyStop was briefly triggered at 172.700. The trade was in profit for even LESS THAN 1 MINUTE this time, then it headed to the StopLoss - even faster - within 8 MINUTES this time.

Just looking at the pictures of both GJ trades today it is so obvious what is happening.

To summarize: Two losses for the week (9 and 8 minutes long, respectively) according to the "Rules".

In other words from here one needs 8 straight winners(!) just to get back to slight positive territory... These are just simple facts...

This "foil hat" against institutional traders seems to be REALLY useful after all...
Attached Images
  • #6,415
  • Jun 30, 2014 2:43am Jun 30, 2014 2:43am
Considering GJ I want to notice, that my daily open is 172.732, so no longs at all
  • #6,416
  • Jun 30, 2014 2:45am Jun 30, 2014 2:45am
ej +5
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15 zzz16.png Size: 44 KB
  • #6,417
  • Jun 30, 2014 2:46am Jun 30, 2014 2:46am
Quoting FxMasterGuru
@Udine, @oztrader79 and @SerenityFx I hate to say that I was right - THE SECOND TIME TODAY - with my theory about instituational traders wathcing and hunting down the setups. The London open trade on G/J has happened AGAIN according to what I had predicted (http://www.forexfactory.com/showthre...42#post7568542). Deja Vu... (see my previous post about the Frankfurt open trade). BuyStop was briefly triggered at 172.700. The trade was in profit for even LESS THAN 1 MINUTE this time, then it headed to the StopLoss - even faster...

another plotter.. lol

The big guns don't give a rats ass about you or all of us here.. it's a drop in the bucket.
Passion, Persist, Patience, Protect
  • #6,418
  • Jun 30, 2014 2:47am Jun 30, 2014 2:47am
Trade #3 o/t day, EJ to TP.
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  • #6,419
  • Jun 30, 2014 2:47am Jun 30, 2014 2:47am
COLOMBIA win

NEXT COLOMBIA VS BRASIL

WE ARE THE CHAMPIONĦĦĦĦĦ
  • #6,420
  • Jun 30, 2014 2:47am Jun 30, 2014 2:47am
Quoting Masterrmind
{quote} ... I plan on sticking around ...and besides I like the temperament of Udine. Masterrmind............
I second that
Lets WUKAR FIFO!! - Udine
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