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As simple as possible: 00 level trading

  • #9,041
  • Jul 9, 2014 7:17pm Jul 9, 2014 7:17pm
Quoting Masterrmind
Morning all, Asian session (AUD pairs) RED NEWS in about 1.5 hours for AUD pairs (employment change and unemployment rate) Later in the trading day: London session (GBP pairs) RED NEWS mid way though the London session > GBP (Official Bank Rate, etc) New York Session (USD pairs) RED NEWS - 30 minutes into the NY session > USD (Unemployment claims) Good trading Masterrmind............
explains easygoing and my stoploss
  • #9,042
  • Jul 9, 2014 7:21pm Jul 9, 2014 7:21pm
Quoting Masterrmind
Morning all, Asian session (AUD pairs) RED NEWS in about 1.5 hours for AUD pairs (employment change and unemployment rate) Later in the trading day: London session (GBP pairs) RED NEWS mid way though the London session > GBP (Official Bank Rate, etc) New York Session (USD pairs) RED NEWS - 30 minutes into the NY session > USD (Unemployment claims) Good trading Masterrmind............

thank you, you are our forex radio
Never say no to PIPS
  • #9,043
  • Jul 9, 2014 7:26pm Jul 9, 2014 7:26pm
Quoting jmflukeiii
That was definitely FIFO - 5 seconds! - GA to target - {image}
So, curious why you picked GA and not EA? They both look similar but EA is loss for those who took it.
  • #9,044
  • Jul 9, 2014 7:28pm Jul 9, 2014 7:28pm
EJ +5, it was Manual order
Attached Image (click to enlarge)
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Never say no to PIPS
  • #9,045
  • Jul 9, 2014 7:34pm Jul 9, 2014 7:34pm
Quoting lazyegg
{quote} thank you, you are our forex radio
Thanks for that but not really.

Being Thursday and with red news floating around it pays to be aware.

Hope it helps traders avoid losses that's my main concern.

Masterrmind...........
Master your Mind then Master your Trades
  • #9,046
  • Jul 9, 2014 7:41pm Jul 9, 2014 7:41pm
Quoting lazyegg
EJ +5, it was Manual order {image}
Yes the 600 level was the one to take............

But I wasn't trading at that time........just missed it actually.

You decided to go in after it late......... happy it paid off for you!

Masterrmind............
Master your Mind then Master your Trades
  • #9,047
  • Jul 9, 2014 7:45pm Jul 9, 2014 7:45pm
Quoting lazyegg
EJ +5, it was Manual order {image}
think your vertical line of tokyo opening isn't correct
  • #9,048
  • Jul 9, 2014 7:47pm Jul 9, 2014 7:47pm
Quoting ericjschroed
{quote} So, curious why you picked GA and not EA? They both look similar but EA is loss for those who took it.
Unfortunately, the only answer I have is luck. I didn't have the chart open in time.

To be honest, I've been increasing size now as I'm past testing, and I'm starting to dislike EA/GA more and more due to how violent they are. EJ and GJ don't snap around nearly as much as EA/GA and also have better spreads most of the time. I'll probably get hit one of these times and swear off EA and GA.
Small disciplines repeated with consistency lead to great achievements.
  • #9,049
  • Jul 9, 2014 7:50pm Jul 9, 2014 7:50pm
Quoting Masterrmind
{quote} Thanks for that but not really. Being Thursday and with red news floating around it pays to be aware. Hope it helps traders avoid losses that's my main concern. Masterrmind...........

Yeap, this morning isn't easy, esp. for EuRAUD guys.

I plan to long at 83 for EA, but GJ comes to pending order first, then i cancel it. If triggered, should be SL now

However, My GJ is still floating, don't know whether to SL later on.

And i made a mistake for my GJ too, triggered at 2minutes before Tokyo session, My rule should be within 1 minutes ealier. 10 Burpees waiting for me.
Outcome is not important at all, but correct technique is what only matters
  • #9,050
  • Jul 9, 2014 7:56pm Jul 9, 2014 7:56pm
Quoting szpowerx
{quote} Yeap, this morning isn't easy, esp. for EuRAUD guys. I plan to long at 83 for EA, but GJ comes to pending order first, then i cancel it. If triggered, should be SL now However, My GJ is still floating, don't know whether to SL later on. And i made a mistake for my GJ too, triggered at 2minutes before Tokyo session, My rule should be within 1 minutes ealier. 10 Burpees waiting for me.
Yes I think you are right going off the comments.

I find the spread on those pairs tends to be higher than others so many times I skip the trades.

Happy I did this morning....

Masterrmind...........
Master your Mind then Master your Trades
  • #9,051
  • Jul 9, 2014 7:59pm Jul 9, 2014 7:59pm
Quoting Swede
{quote} Big spread on Oanda...could be very difficult to trade this method according to 5 pip take profit, 10 pip stop. You really need an ECN broker. Many have tried with the standard spreads only to eventually switch...keep reading this thread and you will find many examples...
I'm also with Oanda US. Look on the spread, but still trading with success! I already took the 1st on AUDUSD but not accordingly to the rules bcoz RmUp was red already.

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Attached Image


Gud luck and a green day to everybody.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #9,052
  • Jul 9, 2014 8:00pm Jul 9, 2014 8:00pm
Quoting JibalaPasan
{quote} I'm also with Oanda US. Look on the spread, but still trading with success! I already took the 1st on AUDUSD but not accordingly to the rules bcoz RmUp was red already. {image} {image} Gud luck and a green day to everybody. Jibala
Thanks Jibala and the same to you..........

Masterrmind............
Master your Mind then Master your Trades
  • #9,053
  • Jul 9, 2014 8:08pm Jul 9, 2014 8:08pm
Red news for the AUD in <30 minutes.

Any pending orders for AUD pairs should have been deleted by now.

Masterrmind............
Master your Mind then Master your Trades
  • #9,054
  • Jul 9, 2014 8:13pm Jul 9, 2014 8:13pm
Quoting Masterrmind
Red news for the AUD in <30 minutes. Any pending orders for AUD pairs should have been deleted by now. Masterrmind............
Yeah, Red news.

I just closed my EURAUD short with just +2
Intraday only.
  • #9,055
  • Jul 9, 2014 8:17pm Jul 9, 2014 8:17pm
By look of spi200 its good news ...
Whats That? you're trading What?
  • #9,056
  • Jul 9, 2014 8:19pm Jul 9, 2014 8:19pm
Quoting Masterrmind
Red news for the AUD in <30 minutes. Any pending orders for AUD pairs should have been deleted by now. Masterrmind............
RED news is the best. Lots of action.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #9,057
  • Jul 9, 2014 8:25pm Jul 9, 2014 8:25pm
Quoting TooSlow
{quote} RED news is the best. Lots of action.
It's against the rules when trading Udine's Method as you well know!

Masterrmind............
Master your Mind then Master your Trades
  • #9,058
  • Jul 9, 2014 8:28pm Jul 9, 2014 8:28pm
woops
Whats That? you're trading What?
  • #9,059
  • Jul 9, 2014 8:30pm Jul 9, 2014 8:30pm
Damn AUD stuff moves good on the news - reminds me of how everyday was only a couple years ago -
Small disciplines repeated with consistency lead to great achievements.
  • #9,060
  • Jul 9, 2014 8:34pm Jul 9, 2014 8:34pm
Quoting jmflukeiii
Damn AUD stuff moves good on the news - reminds me of how everyday was only a couple years ago -
Yes indeed!

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