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As simple as possible: 00 level trading

  • #7,321
  • Jul 3, 2014 5:05am Jul 3, 2014 5:05am
Quoting pipcruiser
Hi guys Did anybody take this GJ short trade - and if not, why not?! Thx PC {image}
I didn't bacause :
- As flx69 said, I think it's very close from DO (The TS would have been on the other side of DO)
- The close was 174.695 so short should be at 174.600

But I'm not sure I did it well to enter long at 174.800.

Edit :
Quote
the EJ is above the daily open, so I would prefer the two pairs to be in sync..
but this hour is alway slower and with the news later today the price can make sudden unpredictable moves, so I stayed out of both pairs...

That's expeience and it's the kind of important point that I still have to learn


Quote
Quoting Udine
no pendings set... will probably not trde anymore today.. prefer to be safe and not sorry.. Udine


That matches what I'm doing currently.
Not trading..........
Masterrmind.............

Idem ;-)

Bye FXEmpire
Think you're gonna have a good afternoon
  • #7,322
  • Jul 3, 2014 5:07am Jul 3, 2014 5:07am
Quoting silversurfer
I wonder if any technical genius can do a backtest and come up with some statistics around the success of ej & gj trades that are in sync versus not in sync in relation to both being above or below daily open line - intuition would suggest the strongest & most reliable moves would occur when they are in sync

use your eyes, spend some time, keep the 1H charts side by side and do the legwork..

Udine
Sleep less, live fast, as it aint gonna last
  • #7,323
  • Jul 3, 2014 5:08am Jul 3, 2014 5:08am
Quoting Chake
Hey Udine, I've been busy re-building your indicators for amibroker, it's my charting software. One thing i'm a little afraight to ask... I guess its allready answered numerous times in the thread. But, i've been searching and it's still not clear to me. With the trailstop @ 3,5 pips, you can never get a 10 pip loss, am i right? Right from entering the trade your traistop will only allow 3,5 pip SL ... right? Or... does the trailstop only activate itself when you are allready 3,5 pip in the green.

the latter....

Or... does the trailstop only activate itself when you are allready 3,5 pip in the green.
Sleep less, live fast, as it aint gonna last
  • #7,324
  • Jul 3, 2014 5:09am Jul 3, 2014 5:09am
Quoting Udine
{quote} the latter....
Thought so, thanks for answering.
Persistence will get it. Consistency will keep it.
  • #7,325
  • Jul 3, 2014 5:14am Jul 3, 2014 5:14am
Greetings to all traders,

I missed the two possible trades this morning but i jus had a Ts trade on the GJ
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  • #7,326
  • Jul 3, 2014 5:22am Jul 3, 2014 5:22am
TP on GJ too Bizzle ;-)
Nice to see that many HighImpact member follow this thread.

Congratulations to Udine.
There must be a (many) good reason(s) :-)

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  • #7,327
  • Jul 3, 2014 5:29am Jul 3, 2014 5:29am
Quoting Ff-fx
TP on GJ too Bizzle ;-) Nice to see that many HighImpact member follow this thread. Congratulations to Udine. There must be a (many) good reason(s) :-) {image}
Well done mate, it's a great system I love it

Don't think I will take any more trades now till after NFP!

Best of luck
Give yourself a chance and trade it like it's layed out...
  • #7,328
  • Jul 3, 2014 5:37am Jul 3, 2014 5:37am
Quoting pipcruiser
Hi guys Did anybody take this GJ short trade - and if not, why not?! Thx PC {image}
Bit late here but isn't this trade against the rules shorting above daily open?
Only 5 pips for me today an awkward one but happy
RegardsOrid peter
  • #7,329
  • Jul 3, 2014 5:43am Jul 3, 2014 5:43am
Quoting orid
{quote} Bit late here but isn't this trade against the rules shorting above daily open? Only 5 pips for me today an awkward one but happy RegardsOrid peter

not everybody has the daily open at the same pricelevel...

Udine
Sleep less, live fast, as it aint gonna last
  • #7,330
  • Jul 3, 2014 5:48am Jul 3, 2014 5:48am
For goodness sake ,,use your brains ... think about where your opening is ... EVERYONE is different , learn to adapt .. I keep shaking my head in amazement at the unwillingness to DYOR ... WHOS money is it ?
Whats That? you're trading What?
  • #7,331
  • Jul 3, 2014 5:52am Jul 3, 2014 5:52am
Quoting Chake
Hey Udine, I've been busy re-building your indicators for amibroker, it's my charting software.
It's been my platform a few years ago.
Very good and fast, with a good community and a friendly developper !
And AFL is a very goog programming language ;-)

Good luck Chake. Have many green pips ;-)
  • #7,332
  • Jul 3, 2014 5:55am Jul 3, 2014 5:55am
Forex Sea is Calm Before the Storm
  • #7,333
  • Jul 3, 2014 6:04am Jul 3, 2014 6:04am
Quoting Ff-fx
{quote} It's been my platform a few years ago. Very good and fast, with a good community and a friendly developper ! And AFL is a very goog programming language ;-) Good luck Chake. Have many green pips ;-)
Thanks Ff-fx
I like it a lot, also the connection to IB makes it interesting in my opinion.
And what you said about AFL is also true, i like it, i can build my own indicators, with all the bells and whistles i want, and am not dependent on others to do it for me.

I wish you many green pips too!
Persistence will get it. Consistency will keep it.
  • #7,334
  • Jul 3, 2014 6:47am Jul 3, 2014 6:47am
Quoting Udine
{quote} not everybody has the daily open at the same pricelevel... Udine
yes I realise that thankyou Udine but isn't that trade shown , shorted above the daily open ? so wouldn't daily candle show wrong colour / on that particular chart sorry for my ignorance here ,
Regards orid peter
  • #7,335
  • Jul 3, 2014 6:55am Jul 3, 2014 6:55am
i made a trade on g/j as ny opens, i sell it this time. according udine rule h1 d1 both is red and its candle crosses yellow dotted lines tp is 5 pip, boxes are also red so sell it? its under the white line mean short trade.. i am on right way help me?
  • #7,336
  • Jul 3, 2014 7:06am Jul 3, 2014 7:06am
Quoting fxgold01
i made a trade on g/j as ny opens, i sell it this time. according udine rule h1 d1 both is red and its candle crosses yellow dotted lines tp is 5 pip, boxes are also red so sell it? its under the white line mean short trade.. i am on right way help me?
You would have a pending SELL STOP at 174.50 currently. You should not be in a trade yet.

But also think about something: EJ is above its open, GJ is below. EU is barely below its open, GJ is farther below its open. Nothing is moving due to news coming in 22m. That is the "lack of correlation" I believe Udine mentions, and whether he looks at it or not, I do. Its way easier to trade when everything is moving together and with a little bit of volume behind it.
Small disciplines repeated with consistency lead to great achievements.
  • #7,337
  • Jul 3, 2014 7:07am Jul 3, 2014 7:07am
With the red news I would cancel the pending and get the popcorn and beer and simply watch..

Udine
Sleep less, live fast, as it aint gonna last
  • #7,338
  • Jul 3, 2014 7:15am Jul 3, 2014 7:15am
Quoting jmflukeiii
{quote} You would have a pending SELL STOP at 174.50 currently. You should not be in a trade yet.
sir please clear it what mean of pending order? are you saying about to cross candles to yello dotted lines on 174.50 then i can put trade on it.
  • #7,339
  • Jul 3, 2014 7:20am Jul 3, 2014 7:20am
Quoting fxgold01
{quote} sir please clear it what mean of pending order? are you saying about to cross candles to yello dotted lines on 174.50 then i can put trade on it.
It means the order would be waiting there and would not be filled until price reached the line. This is called a Sell Stop.

Don't place one right now though, news is about to make the market go crazy and you will get slipped severely on your order (most likely).
Small disciplines repeated with consistency lead to great achievements.
  • #7,340
  • Jul 3, 2014 7:23am Jul 3, 2014 7:23am
Quoting jmflukeiii
{quote} You would have a pending SELL STOP at 174.50 currently. You should not be in a trade yet. But also think about something: EJ is above its open, GJ is below. EU is barely below its open, GJ is farther below its open. Nothing is moving due to news coming in 22m. That is the "lack of correlation" I believe Udine mentions, and whether he looks at it or not, I do. Its way easier to trade when everything is moving together and with a little bit of volume behind it.
yes bro you are right i also see this differences between gj and e/j.. now what to do. i can wait or close my order?
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