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As simple as possible: 00 level trading

  • #9,321
  • Jul 10, 2014 5:59am Jul 10, 2014 5:59am
Quoting Udine
{quote} lets see if you do Aphrodite, you still would still think that http://tribesports.com/workouts/freeletics-aphrodite all in one go, let me know your time please.. after that even typing will hurt Udine
Thats a brutal workout, no where to hide there!
  • #9,322
  • Jul 10, 2014 6:03am Jul 10, 2014 6:03am
Quoting Callum
{quote} Thats a brutal workout, no where to hide there!

she is a real b@tch

Udine
Sleep less, live fast, as it aint gonna last
  • #9,323
  • Jul 10, 2014 6:05am Jul 10, 2014 6:05am
Quoting Udine
{quote} lets see if you do Aphrodite, you still would still think that http://tribesports.com/workouts/freeletics-aphrodite all in one go, let me know your time please.. after that even typing will hurt Udine
Its a killer. Lifting your arms will be a problem too after doing it. Doing half the routine is killing me already. Hopefully i can still click buy stop and sell stop tomorrow. Ciao
Pivot Boss in the making~
  • #9,324
  • Jul 10, 2014 6:06am Jul 10, 2014 6:06am
Quoting Carpathian
GU SELL @1.71200 to BE. {image} Very strong downtrend this morning, so tempted to enter this hour fast into continuation, missed to check rule 7 (red news GBP @13:00 CET), moved SL to BE asap when realized. Áron
Turns out it would have made a winner.
Attached Image


But you never know, better safe than sorry.

Dear Udine,
Is my understanding correct that the (or one) reason for not entering a trade 1 hr before red news related to the pair is:
1. Market participants are waiting for the news to come, so they refrain from taking positions, so volatility decreases, so the propbability of price reaching TP decreases (as a side effect the probability of SL-ing out decreases as well).
2. This very probably would leave us with an open position at the news hour, which turns our trade into 'news-trading' setup with its possibly high volatility where the chance of our small TP or SL levels being hit first is that of a mere coin-toss.

Thanks,
Áron
  • #9,325
  • Jul 10, 2014 6:08am Jul 10, 2014 6:08am
EURAUD,GBPAUD,AUDUSD,GBPJPY.EURJPY, GBPUSD ADR
S finished.

What NY will do ?
Intraday only.
  • #9,326
  • Jul 10, 2014 6:11am Jul 10, 2014 6:11am
I've missed everything from this morning due to technical error with script. Today is the first day in two weeks with zero profit. All pairs are non-tradable.
  • #9,327
  • Jul 10, 2014 6:12am Jul 10, 2014 6:12am
Quoting Carpathian
{quote} Turns out it would have made a winner. {image} But you never know, better safe than sorry. Dear Udine, Is my understanding correct that the (or one) reason for not entering a trade 1 hr before red news related to the pair is: 1. Market participants are waiting for the news to come, so they refrain from taking positions, so volatility decreases, so the propbability of price reaching TP decreases (as a side effect the probability of SL-ing out decreases as well). 2. This very probably would leave us with an open position at the news hour,...

its really simple:
1. I dont have a crystal ball so cannot predict the outcome of the news
2. before the news there can be spikes that can hit your TP or your SL, so you could lose money fast... and I hate losing money

I prefer better safe than sorry, there are enough opportunities during the day to get my daily target, so no need to risk it with news trading..

Udine
Sleep less, live fast, as it aint gonna last
  • #9,328
  • Jul 10, 2014 6:13am Jul 10, 2014 6:13am
waiting for NYO but: EJ & GJ RmDn exceeded.
EU & GU only shorts but floating over .100 --> no short @ this lv
More than this, GBP & USD in the red news.
Seems it should be hard to recover from all TS happened this morning...
Porta itineris dicitur longissima esse
  • #9,329
  • Jul 10, 2014 6:13am Jul 10, 2014 6:13am
Quoting messiahua
I've missed everything from this morning due to technical error with script. Today is the first day in two weeks with zero profit. All pairs are non-tradable.

did you lose money ??

Udine
Sleep less, live fast, as it aint gonna last
  • #9,330
  • Jul 10, 2014 6:15am Jul 10, 2014 6:15am
Quoting Udine
{quote} did you lose money ?? Udine
1 bucks commission, haha
what a "strange" coincidence that today I switched to live, I wish i could have my demo results on live
  • #9,331
  • Jul 10, 2014 6:19am Jul 10, 2014 6:19am
I wouldlike to show you software i have on my MT4 platform. It is market deepth. It shows only price levels but without volumes.
I am writing about it because i can put pending orders (sell and buy stop)directly from this panel. Plus it is possible to adjust lot size, SL and TP. Wheelbarrel do the rest of work.
Attached Image (click to enlarge)
Click to Enlarge Name: Deepth.JPG Size: 163 KB
  • #9,332
  • Jul 10, 2014 6:19am Jul 10, 2014 6:19am
Look my orders on EU but i cancel them. shows lack of confidence in me..

any suggestion Udine

regards
jeet
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5.png Size: 39 KB
  • #9,333
  • Jul 10, 2014 6:22am Jul 10, 2014 6:22am
I would be very happy if the daily ranges resembled today going forward
  • #9,334
  • Jul 10, 2014 6:22am Jul 10, 2014 6:22am
Quoting messiahua
{quote} 1 bucks commission, haha what a "strange" coincidence that today I switched to live, I wish i could have my demo results on live

so still a good day.. a BE day = a good day

your profitable days are just around the corner ..

Udine
Sleep less, live fast, as it aint gonna last
  • #9,335
  • Jul 10, 2014 6:24am Jul 10, 2014 6:24am
Quoting jeetvirk
Look my orders on EU but i cancel them. shows lack of confidence in me.. any suggestion Udine regards jeet {image}
train your confidence, if you are on live, switch on demo and don't close orders which are by the rules, also i don't like EU at all, so my personal advice is to not trade it, it's better to start only from EJ and GJ
  • #9,336
  • Jul 10, 2014 6:25am Jul 10, 2014 6:25am
Quoting panamamike
I would be very happy if the daily ranges resembled today going forward

LOL I was exactly thinking the same

back to the "old days"

Udine
Sleep less, live fast, as it aint gonna last
  • #9,337
  • Jul 10, 2014 6:26am Jul 10, 2014 6:26am
Quoting messiahua
{quote} train your confidence, if you are on live, switch on demo and don't close orders which are by the rules, also i don't like EU at all, so my personal advice is to not trade it at all, it's better to start only from EJ and GJ
Trade a small account with micro lots........much more useful than demo trading IMO
  • #9,338
  • Jul 10, 2014 6:28am Jul 10, 2014 6:28am
Quoting jeetvirk
Look my orders on EU but i cancel them. shows lack of confidence in me.. any suggestion Udine regards jeet {image}

nope.. I did not play the EU either... with an ADR of 45... too low for my liking...

there will be other days...

Udine
Sleep less, live fast, as it aint gonna last
  • #9,339
  • Jul 10, 2014 6:31am Jul 10, 2014 6:31am
Quoting Udine
{quote} LOL I was exactly thinking the same back to the "old days" Udine
Amen to that.

However, the good thing to note is that if one can turn a nice profit in these conditions....life is good and will only get better as volatility picks up.
  • #9,340
  • Jul 10, 2014 6:33am Jul 10, 2014 6:33am
Quoting panamamike
{quote} Amen to that. However, the good thing to note is that if one can turn a nice profit in these conditions....life is good and will only get better as volatility picks up.

thats the nice thing of trading this, with higher ADR's and more volatility, the green pips will be flowing even faster in our direction

Udine
Sleep less, live fast, as it aint gonna last
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