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As simple as possible: 00 level trading

  • #7,621
  • Jul 4, 2014 3:14am Jul 4, 2014 3:14am
Quoting jmflukeiii
{quote} Second level in the same hour.
I thought a new hour had started and it was a valid trade.
Udine what's your take?
  • #7,622
  • Jul 4, 2014 3:14am Jul 4, 2014 3:14am
Quoting Udine
{quote}pe!! this will always work so the answer is nope!! Udine
  • #7,623
  • Jul 4, 2014 3:15am Jul 4, 2014 3:15am
Quoting lucariga
Pending Short GJ @ 174.900
GJ to SL
  • #7,624
  • Jul 4, 2014 3:16am Jul 4, 2014 3:16am
Buntmn...the 174.90 GJ trade was valid, because it was the first level in the new hour.
  • #7,625
  • Jul 4, 2014 3:18am Jul 4, 2014 3:18am
GJ to SL
  • #7,626
  • Jul 4, 2014 3:19am Jul 4, 2014 3:19am
Quoting yag
Buntmn...the 174.90 GJ trade was valid, because it was the first level in the new hour.
Not if it was taken before the new hour started, which somebody did!

I'm done here - first London session as the holiday gives me a morning off from waking up early for anything -
Small disciplines repeated with consistency lead to great achievements.
  • #7,627
  • Jul 4, 2014 3:19am Jul 4, 2014 3:19am
GJ out by SL.
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  • #7,628
  • Jul 4, 2014 3:21am Jul 4, 2014 3:21am
Quoting yag
Buntmn...the 174.90 GJ trade was valid, because it was the first level in the new hour.
GJ short @ 174.900 in the new hour and SL.
Porta itineris dicitur longissima esse
  • #7,629
  • Jul 4, 2014 3:26am Jul 4, 2014 3:26am
Quote
GJ to SL

Look at EURJPY. There is no trading due RmDn and RgL. Price movement potential down is over.
Respectively in this case Udine usually says "no sync with EURJPY".
  • #7,630
  • Jul 4, 2014 3:28am Jul 4, 2014 3:28am
damn GJ SL -11
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Lets WUKAR FIFO!! - Udine
  • #7,631
  • Jul 4, 2014 3:29am Jul 4, 2014 3:29am
You can ask any question, before big guru (FXempire) comes
  • #7,632
  • Jul 4, 2014 3:31am Jul 4, 2014 3:31am
GJ Pending sell stop at 174.900

Only for those who have not already taken the trade.

Masterrmind...........
Master your Mind then Master your Trades
  • #7,633
  • Jul 4, 2014 3:31am Jul 4, 2014 3:31am
Quoting fxaus
You can ask any question, before big guru (FXempire) comes

respect for all please

Udine
Sleep less, live fast, as it aint gonna last
  • #7,634
  • Jul 4, 2014 3:32am Jul 4, 2014 3:32am
Quoting bubincka
{quote} GJ short @ 174.900 in the new hour and SL.
Based on some limited statistics shown in this thread earlier, one should stop trading after two profits (i.e. 2% - commissions) OR trade the whole day.
  • #7,635
  • Jul 4, 2014 3:34am Jul 4, 2014 3:34am
GJ SL too :-(
  • #7,636
  • Jul 4, 2014 3:37am Jul 4, 2014 3:37am
Quoting Udine
{quote} not in sync with EU nor GJ.. Udine

is that another rule as well? they have to have a similar flow or direction? or is it the daily direction indicator of other pairs? (m-candle)
  • #7,637
  • Jul 4, 2014 3:37am Jul 4, 2014 3:37am
3 trades on demo today.
EJ S +5
EA S +5
GA S +5
Total: +15 pips - comission=2,53%
  • #7,638
  • Jul 4, 2014 3:46am Jul 4, 2014 3:46am
Quoting Masterrmind
GJ Pending sell stop at 174.900 Only for those who have not already taken the trade. Masterrmind...........
Be careful with GJ! Actually the relative strength of JPY against the GBP is quite good while the absolute strength is not! (just my 5 cent)

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #7,639
  • Jul 4, 2014 3:48am Jul 4, 2014 3:48am
Udine,

Could you please help me clarify the interpreation of this rule :

2. Entry ONLY the FIRST 00 level of the hour

I've always interpreted FIRST 00 level as "the nearest" 00 level and only once during an hour.
But jmfluke has an other reading which is very interesting.

Can you give us your point of view ?
  • #7,640
  • Jul 4, 2014 3:54am Jul 4, 2014 3:54am
Quoting JibalaPasan
{quote} Be careful with GJ! Actually the relative strength of JPY against the GBP is quite good while the absolute strength is not! (just my 5 cent) Jibala
Current PA is about 10 pips away (175.000) from triggering the order at present so I will let the market direction get me into and then out of the trade.

I also have other pending orders set and if triggered before the GJ order then it is a simple matter of deleting those unwanted pending orders.

I trade 2 positions at a time (ie current in the market positions) and NOT more.

Thank you for the comments.

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