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As simple as possible: 00 level trading

  • #7,441
  • Jul 3, 2014 8:14pm Jul 3, 2014 8:14pm
Quoting Qed
Gidday MM , things a bit flat today ,,,
Yah prices going around DO

And in Asian sessions, Udine's not here...

almost every day I trade in Asian Session cause I live in Asia now. I hope I contribute to this thread by giving some good tips
on trading in Asian session; but now I'm in learning-from-experiences stage

And I'm considering if I'd better focus only in London Open...
My hope has been almost completely shattered, but not completely yet
  • #7,442
  • Jul 3, 2014 8:15pm Jul 3, 2014 8:15pm
Quoting Qed
better break even than a loss LOL pending sell stop xagusd 21.070
Yes I've taken that silver trade too....looks ok

EDIT: Too close to the 000 .... so I have deleted it!

NO shorting from 100 level!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB


Masterrmind.............
Master your Mind then Master your Trades
  • #7,443
  • Jul 3, 2014 8:19pm Jul 3, 2014 8:19pm
Quoting Masterrmind
{quote} Yes I expected that after all the news yesterday and then Independence Day for our US friends starting in a little over 3 hours. I think my GJ trade is headed straight to SL ........... let's see Masterrmind............
Now I'm long at GJ 175.300 again.

I'm afraid my long will go straight to SL.

Maybe DO is too close to 175.300
My hope has been almost completely shattered, but not completely yet
  • #7,444
  • Jul 3, 2014 8:25pm Jul 3, 2014 8:25pm
IF I get filled will watch closely ,21.000 is fair way away the red HeikinAshi candle body inside the ord candle body is a good short signal for me
Attached Image (click to enlarge)
Click to Enlarge Name: xag.jpg Size: 93 KB
Whats That? you're trading What?
  • #7,445
  • Jul 3, 2014 8:29pm Jul 3, 2014 8:29pm
Quoting Qed
IF I get filled will watch closely ,21.000 is fair way away the red HeikinAshi candle body inside the ord candle body is a good short signal for me {image}
Yes you could just close it out manually if it starts to go against you.

Just keep your eyes on it though.

It's moving at a snails pace at present.

Masterrmind.............
Master your Mind then Master your Trades
  • #7,446
  • Jul 3, 2014 8:35pm Jul 3, 2014 8:35pm
Quoting lazyegg
are we going to trade today's London open ?
Yes I see no reason not too!

Except to be careful when trading USD pairs (holiday) which means if you are solely trading EJ and GJ then you shouldn't have any problems.

I have simply halved my usual position size today to reduce the risk.

Masterrmind...........
Master your Mind then Master your Trades
  • #7,447
  • Jul 3, 2014 8:40pm Jul 3, 2014 8:40pm
rekn gold could be short too if it breaks DO pending 1385 hit 1384
Whats That? you're trading What?
  • #7,448
  • Jul 3, 2014 8:40pm Jul 3, 2014 8:40pm
Quoting Masterrmind
{quote} Yes I see no reason not too! Except to be careful when trading USD pairs (holiday) which means if you are solely trading EJ and GJ then you shouldn't have any problems. I have simply halved my usual position size today to reduce the risk. Masterrmind...........

Smart move reducing your position size to reflect the market conditions.

I tend to trade my full position size for the first two hours of the particular market, and then I reduce them. I also reduce them significantly when I am "in the bonus" so as not to give up any hard earned pips.

GREEN pips to all.
  • #7,449
  • Jul 3, 2014 8:48pm Jul 3, 2014 8:48pm
Quoting SmoothTrader
{quote} Smart move reducing your position size to reflect the market conditions. I tend to trade my full position size for the first two hours of the particular market, and then I reduce them. I also reduce them significantly when I am "in the bonus" so as not to give up any hard earned pips. GREEN pips to all.
Yes that's part of managing risk.

It doesn't take that much thought to implement it into your trading at the right time and I can assure you that it pays to do it.

Masterrmind...........
Master your Mind then Master your Trades
  • #7,450
  • Jul 3, 2014 8:50pm Jul 3, 2014 8:50pm
the greedy ones pile on more when they ITM
Whats That? you're trading What?
  • #7,451
  • Jul 3, 2014 8:52pm Jul 3, 2014 8:52pm
Quoting Qed
the greedy ones pile on more when they ITM
"BULLS" and "BEARS" make money ..... "PIGS" get slaughtered!!!!!
  • #7,452
  • Jul 3, 2014 8:55pm Jul 3, 2014 8:55pm
Quoting Qed
rekn gold could be short too if it breaks DO pending 1385 hit 1384
My daily open on gold shows 1319.99.

I assume you mean 1318.50 and hit 1318.40

Is that right?

Masterrmind.............
Master your Mind then Master your Trades
  • #7,453
  • Jul 3, 2014 9:01pm Jul 3, 2014 9:01pm
1318.84 closed for loss 1319.87 daily open 1319.23 here gold futures prices here hope u can read it
Attached Image (click to enlarge)
Click to Enlarge Name: gold loser.jpg Size: 13 KB
Whats That? you're trading What?
  • #7,454
  • Jul 3, 2014 9:12pm Jul 3, 2014 9:12pm
www.sgxniftydowfuturelive.com
Whats That? you're trading What?
  • #7,455
  • Jul 3, 2014 9:15pm Jul 3, 2014 9:15pm
Quoting Qed
1318.84 closed for loss 1319.87 daily open 1319.23 here gold futures prices here hope u can read it {image}
Yes it's readable.....thanks

I haven't entered a position yet but just before I do I will post it.

Masterrmind...........
Master your Mind then Master your Trades
  • #7,456
  • Jul 3, 2014 9:16pm Jul 3, 2014 9:16pm
xagusd still looking ok I apolagise to Udine if this is not sticking correctly to the method , but the system is the workings
Whats That? you're trading What?
  • #7,457
  • Jul 3, 2014 9:19pm Jul 3, 2014 9:19pm
This morning is flat, GU surge up a while ago.
GU >SL
EA >BE
  • #7,458
  • Jul 3, 2014 9:39pm Jul 3, 2014 9:39pm
ok out of silver for loss too , ces la vie
Whats That? you're trading What?
  • #7,459
  • Jul 3, 2014 9:41pm Jul 3, 2014 9:41pm
Quoting Qed
ok out of silver for loss too , ces la vie
I guess that could have been avoided!

Sorry it didn't work out for you...

Masterrmind...........
Master your Mind then Master your Trades
  • #7,460
  • Jul 3, 2014 9:48pm Jul 3, 2014 9:48pm
no probs ,,, I entered well under DO in line with red box and H/D both red I still think it will go down but im not prepared to fight it
Whats That? you're trading What?
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