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As simple as possible: 00 level trading

  • #7,521
  • Jul 4, 2014 1:46am Jul 4, 2014 1:46am
Quoting Masterrmind
GJ from ealier........BE (finally!) This should have hit SL 2 candles after entry. Anyone know why it didn't? (I know why) {image} Masterrmind............
GJ is bullish, I will not like to short it, though some times it may hit TP.

I would like it to go pass open price to take long trade.

In a bullish pair, if you short, hitting stop loss ( 10 pips ) is very much possible.
Intraday only.
  • #7,522
  • Jul 4, 2014 1:48am Jul 4, 2014 1:48am
Quoting Udine
good morning boys & girls I some of you already picked up some pips here and there.. well done !! Udine
Udine, I am not sure you have seen my posts.

I thank you for sharing such wonderful system here.

I subscribe to this thread.
Intraday only.
  • #7,523
  • Jul 4, 2014 1:50am Jul 4, 2014 1:50am
Quoting navk
{quote} GJ is bullish, I will not like to short it, though some times it may hit TP. I would like it to go pass open price to take long trade. In a bullish pair, if you short, hitting stop loss ( 10 pips ) is very much possible.
Nope.........GJ was bearish at the time.

It's a trivia question but it has a lesson to be learnt.

Any other takers?

Masterrmind............
Master your Mind then Master your Trades
  • #7,524
  • Jul 4, 2014 1:55am Jul 4, 2014 1:55am
http://www.mql5.com/en/charts/208175...vestment-group

i have a question.Where do we put out order? close of candle or low of candle?

Thx
  • #7,525
  • Jul 4, 2014 1:57am Jul 4, 2014 1:57am
Quoting navk
{quote} GJ is bullish, I will not like to short it, though some times it may hit TP. I would like it to go pass open price to take long trade. In a bullish pair, if you short, hitting stop loss ( 10 pips ) is very much possible.

Trend is determined in here based on daily open.. which makes the gj bearish, period.

overall speaking on longer tf,, sure it is bullish.. but irrelevant when your day trading..

not to mention that Trend is as vulnerable as anything.. it reverses AT WILL.

think FIFO
Passion, Persist, Patience, Protect
  • #7,526
  • Jul 4, 2014 1:57am Jul 4, 2014 1:57am
Buenos días familia,

@Udine, since you´re online, I presume you will be taking trades in spite of the fact that it´s a US holiday ?

Looking at my screens doesn´t make me a happy bunny...

GJ 175.100 level, no short and I don´t like the BRN level after that.
EJ, relatively little room down
Both of them not exactly in sync.

EU and GU not in sync. Moreover EU stuck around DO and between .100 and BRN for the last couple of hours.

Best option I see for now is EJ short @ 138.800.

What do you guys see ?
  • #7,527
  • Jul 4, 2014 1:57am Jul 4, 2014 1:57am
ya spread changed?
Whats That? you're trading What?
  • #7,528
  • Jul 4, 2014 1:58am Jul 4, 2014 1:58am
GBPJPY looks 100 level on london opening
EURJPY is very low ADR
I'll try to trade GBPAUD
  • #7,529
  • Jul 4, 2014 1:58am Jul 4, 2014 1:58am
Ready to rob the London Bank again?
Never say no to PIPS
  • #7,530
  • Jul 4, 2014 1:59am Jul 4, 2014 1:59am
Quoting fxaus
http://www.mql5.com/en/charts/208175...vestment-group i have a question.Where do we put out order? close of candle or low of candle? Thx

ups.. somebody did not read anything.. not even the thread title.. lol
Passion, Persist, Patience, Protect
  • #7,531
  • Jul 4, 2014 2:00am Jul 4, 2014 2:00am
PENDING ORDER:

EJ short 138.800
  • #7,532
  • Jul 4, 2014 2:01am Jul 4, 2014 2:01am
Quoting Masterrmind
{quote} Nope.........GJ was bearish at the time. It's a trivia question but it has a lesson to be learnt. Any other takers? Masterrmind............
You didn't turn on your EA for the trade manager.

You cancelled your stop.

Spread wouldn't matter, the ask would have been well above the bid displayed on the chart.
Small disciplines repeated with consistency lead to great achievements.
  • #7,533
  • Jul 4, 2014 2:01am Jul 4, 2014 2:01am
see also only EJ to short .80
  • #7,534
  • Jul 4, 2014 2:03am Jul 4, 2014 2:03am
Quoting fxaus
http://www.mql5.com/en/charts/208175...vestment-group i have a question.Where do we put out order? close of candle or low of candle? Thx

do me a favor..

start here: page 1 post 1

Udine
Sleep less, live fast, as it aint gonna last
  • #7,535
  • Jul 4, 2014 2:04am Jul 4, 2014 2:04am
I made a mistake. Thought the trade manager was on, but it was off. GA to target, but only due to my luck of coming back in time.
Attached Image
Small disciplines repeated with consistency lead to great achievements.
  • #7,536
  • Jul 4, 2014 2:05am Jul 4, 2014 2:05am
Quoting flx69
Buenos días familia, @Udine, since you´re online, I presume you will be taking trades in spite of the fact that it´s a US holiday ? Looking at my screens doesn´t make me a happy bunny... GJ 175.100 level, no short and I don´t like the BRN level after that. EJ, relatively little room down Both of them not exactly in sync. EU and GU not in sync. Moreover EU stuck around DO and between .100 and BRN for the last couple of hours. Best option I see for now is EJ short @ 138.800. What do you guys see ?

well the US holiday will not affect the London open... so I will trade London... but I will try to get as soon as possible to the golf course today..

Udine
Sleep less, live fast, as it aint gonna last
  • #7,537
  • Jul 4, 2014 2:05am Jul 4, 2014 2:05am
Quoting FXEmpire
{quote} Trend is determined in here based on daily open.. which makes the gj bearish, period. overall speaking on longer tf,, sure it is bullish.. but irrelevant when your day trading.. not to mention that Trend is as vulnerable as anything.. it reverses AT WILL. think FIFO
I understand the rules.

But I just avoid that pair for shorting.

Reason; When a bullish pair retraces, it is choppy and chances of hitting SL is high.
Intraday only.
  • #7,538
  • Jul 4, 2014 2:06am Jul 4, 2014 2:06am
But EJ short.80 is against the rule #2?
  • #7,539
  • Jul 4, 2014 2:07am Jul 4, 2014 2:07am
Quoting Alpe
But EJ short.80 is against the rule #2?
No, why?
Small disciplines repeated with consistency lead to great achievements.
  • #7,540
  • Jul 4, 2014 2:08am Jul 4, 2014 2:08am
Quoting jmflukeiii
{quote} No, why?

2. Entry ONLY the FIRST 00 level

i see from hourly candle it been tested twice past 2 hrs... or i misunderstood the rule?
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