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As simple as possible: 00 level trading

  • #9,621
  • Jul 11, 2014 2:33am Jul 11, 2014 2:33am
I am EU LONG @1.3610
  • #9,622
  • Jul 11, 2014 2:33am Jul 11, 2014 2:33am
Quoting FXEmpire
Udine I got a question bud.. speaking of first cross of 00lv of the hour.. live example right now on ej.. price start of the hour first cross of the 00 is the 137.800lv.. now price is approaching the 138.000 lv after crossing the DO which makes it the 3rd 00 lv cross but the first 00 cross off the new daily direction.. in such case.. it the current 138.000 considers the 1st 00lv and a valid trade? thx in advance

nope

Udine
Sleep less, live fast, as it aint gonna last
  • #9,623
  • Jul 11, 2014 2:34am Jul 11, 2014 2:34am
Quoting Lrt.Ita
{quote} Maybe he was, but with all the burpees he did figuring out this strategy.. well.. he's no more fat at all Lrt

and you know, you traded side by side with me

Udine
Sleep less, live fast, as it aint gonna last
  • #9,624
  • Jul 11, 2014 2:35am Jul 11, 2014 2:35am
Quoting bubincka
is anybody out with EJ long @ 138.000 ?
no, because its not the first .00 level in the hour
  • #9,625
  • Jul 11, 2014 2:35am Jul 11, 2014 2:35am
Quoting FXEmpire
Udine I got a question bud.. speaking of first cross of 00lv of the hour.. live example right now on ej.. price start of the hour first cross of the 00 is the 137.800lv.. now price is approaching the 138.000 lv after crossing the DO which makes it the 3rd 00 lv cross but the first 00 cross off the new daily direction.. in such case.. it the current 138.000 considers the 1st 00lv and a valid trade? thx in advance
Personally I wont consider that as a good entry.. Too close to the DO. I'll put a pending on .100 if it reaches that level.

Lrt
"Every battle is won before it's fought."
  • #9,626
  • Jul 11, 2014 2:35am Jul 11, 2014 2:35am
Quoting Udine
{quote} nope Udine

gotcha my man..


but that little daily pin bar maybe on it's take off point would be hard to resist..
Passion, Persist, Patience, Protect
  • #9,627
  • Jul 11, 2014 2:36am Jul 11, 2014 2:36am
Quoting Carpathian
I am EU LONG @1.3610
I am too. It's a slow grinder at the moment.
Know your edge and trade within it
  • #9,628
  • Jul 11, 2014 2:37am Jul 11, 2014 2:37am
Quoting Sagramor
I'm in the US (GMT-6), so today was my first London Open... have back-tested plenty and decided I needed to give it a shot. Less than 25 minutes for GJ and EJ to TP DONE! Get to go back to bed happy! London open moves nicely!
hmmmmmm....following the rules, I don't see a trade on GJ or EJ since LO.
  • #9,629
  • Jul 11, 2014 2:38am Jul 11, 2014 2:38am
Quoting Udine
{quote} nope Udine
anyone short GU .71200?
  • #9,630
  • Jul 11, 2014 2:38am Jul 11, 2014 2:38am
thanks for all the comments guys..
i had this pondering in my mind for while and saw it live and poped back in, so I had to ask to be surley clear about it..
it's a tiny little important detail though, would you all agree..
Passion, Persist, Patience, Protect
  • #9,631
  • Jul 11, 2014 2:39am Jul 11, 2014 2:39am
Quoting NewToForex14
{quote} anyone short GU .71200?
nope violating rule 2

Udine
Sleep less, live fast, as it aint gonna last
  • #9,632
  • Jul 11, 2014 2:40am Jul 11, 2014 2:40am
this is great patience training for us all

Udine
Sleep less, live fast, as it aint gonna last
  • #9,633
  • Jul 11, 2014 2:42am Jul 11, 2014 2:42am
Quoting Udine
{quote} nope violating rule 2 Udine
yep...this mistake will cost me...
  • #9,634
  • Jul 11, 2014 2:43am Jul 11, 2014 2:43am
what's yr daily open for gj undine? mine at 173.49. Placed long gj 173.60. SL hit. Any rule violation?
  • #9,635
  • Jul 11, 2014 2:43am Jul 11, 2014 2:43am
Quoting yag
{quote} no, because its not the first .00 level in the hour
it's the first level since D1 turned green for EJ, so it's the first valid lvl on the long side
Porta itineris dicitur longissima esse
  • #9,636
  • Jul 11, 2014 2:43am Jul 11, 2014 2:43am
Quoting Udine
{quote} nope violating rule 2 Udine

unless ones DO is under 300lv.. correct?
Passion, Persist, Patience, Protect
  • #9,637
  • Jul 11, 2014 2:43am Jul 11, 2014 2:43am
EA - SL
  • #9,638
  • Jul 11, 2014 2:45am Jul 11, 2014 2:45am
Quoting Alpe
what's yr daily open for gj undine? mine at 173.49. Placed long gj 173.60. SL hit. Any rule violation?

173.613

it was not the first 00 level to cross.. so violation of rule 2

Udine
Sleep less, live fast, as it aint gonna last
  • #9,639
  • Jul 11, 2014 2:46am Jul 11, 2014 2:46am
Quoting Alpe
what's yr daily open for gj undine? mine at 173.49. Placed long gj 173.60. SL hit. Any rule violation?
I have the daily open for GJ at 173.596
  • #9,640
  • Jul 11, 2014 2:46am Jul 11, 2014 2:46am
Quoting Udine
this is great patience training for us all Udine
Patience tends to pay off in this game I must say!

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