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As simple as possible: 00 level trading

  • #10,081
  • Jul 14, 2014 2:20am Jul 14, 2014 2:20am
4 GBP pairs were in sync at the moment, so took GJ.
  • #10,082
  • Jul 14, 2014 2:24am Jul 14, 2014 2:24am
Quoting FXEmpire
Morning all.. Wish everyone a green week.. let's roll baby.. awaiting Londi opn 3years and 364 days till next cup.. lol.. where most of you should be millionaires..
Wow FXE, are you sure you weren't eavesdropping on my conversation with wifey last night!? I AIM to be in RUSSIA 2014 live...I wanted to be at Germany 2006 but somehow my "dreams" didn't materialize - but since then I have edged CLOSER to that "reality".

4.42% already today...and this is my 1st day [STILL demoing and understanding this system].

Regards,

Ty
My job: I speculate and manage risk.
  • #10,083
  • Jul 14, 2014 2:25am Jul 14, 2014 2:25am
Quoting lazyegg
{quote} udine when we say around DO line, is around like 10 pips?

you tell me, you saw trend on the GJ ??

Udine
Sleep less, live fast, as it aint gonna last
  • #10,084
  • Jul 14, 2014 2:26am Jul 14, 2014 2:26am
Next time when I see EJ and GJ in different trend , I will be very care of
Never say no to PIPS
  • #10,085
  • Jul 14, 2014 2:27am Jul 14, 2014 2:27am
I thought >5 pips away from DO would be okay, but for now I need to avoid trades where SL is on opposite side of DO (like someone else here said).
  • #10,086
  • Jul 14, 2014 2:29am Jul 14, 2014 2:29am
Quoting jeetvirk
GJ -10, shows my lack of Experience.. {image}
Hi jeetvirk

Consider this. I set my Daily Open line to NY close. DO on my chart was 173.4910. You probably would not have entered that trade if your DO line was lower.
To me, it appears DO setting can get you into bad trades if price fluctuates around the DO.

Something to consider when you analyse your trades.

Axiom.
  • #10,087
  • Jul 14, 2014 2:29am Jul 14, 2014 2:29am
EJ & GJ--> TP
Attached Image (click to enlarge)
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  • #10,088
  • Jul 14, 2014 2:31am Jul 14, 2014 2:31am
Quoting Udine
{quote} you tell me, you saw trend on the GJ ?? Udine

but it was the first 00 of the hour of the open market, and both 1HR and Day are Red, but it was close to the DO line.
in this case short at 400 will be better choice? at least it has little distance from Do line?

thx Udine
Never say no to PIPS
  • #10,089
  • Jul 14, 2014 2:34am Jul 14, 2014 2:34am
Quoting Udine
{quote} you tell me, you saw trend on the GJ ?? Udine
Personally my intuition picked up that EJ and GJ were showing signs of being in sync, and I felt if EJ went long GJ would as well.
The second factor for me was that GJ didn't have to make a day high to hit TP, even a revisit of the asian session high was enough from that level.

This is the first live trade I have taken from the first 00 level away from DO. I don't usually do it and continuing I won't do it unless I feel the circumstances are right like in this case... this is the discretionary part of trading
  • #10,090
  • Jul 14, 2014 2:35am Jul 14, 2014 2:35am
Quoting lazyegg
{quote} but it was the first 00 of the hour of the open market, and both 1HR and Day are Red, but it was close to the DO line. in this case short at 400 will be better choice? at least it has little distance from Do line? thx Udine

.400 would be violation of rule 2 !!

Standing on the sidelines is also a position... no need to be in a trade always... you need to choose your battles wisely.. where the probability is in your favour... and the GJ was not the best of choices..

Udine
Sleep less, live fast, as it aint gonna last
  • #10,091
  • Jul 14, 2014 2:36am Jul 14, 2014 2:36am
Quoting lazyegg
Next time when I see EJ and GJ in different trend , I will be very care of
I don't know that they were in differing trends, they had both bounced of asian lows in the last few hours... the only difference is one was above the DO and one was below... but the last few hrs PA overall on both was bullish no?
  • #10,092
  • Jul 14, 2014 2:36am Jul 14, 2014 2:36am
Quoting Obie45
{quote} Good start to the week when my thinking is in line with Udine's E/J > +5
I'm with you. I only went EU coz EJ was BRN and better spread on EU.
Looks like trading around DO still causing probs for folks, as is looking for sync.
  • #10,093
  • Jul 14, 2014 2:37am Jul 14, 2014 2:37am
Bonus trade

#2

EJ +5 TP

Attached Image (click to enlarge)
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#3

CJ +>5 TP

Attached Image (click to enlarge)
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Masterrmind.........
Master your Mind then Master your Trades
  • #10,094
  • Jul 14, 2014 2:38am Jul 14, 2014 2:38am
Gj -10 sl
gu -10 sl
Attached Image (click to enlarge)
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Lets WUKAR FIFO!! - Udine
  • #10,095
  • Jul 14, 2014 2:38am Jul 14, 2014 2:38am
Quoting Udine
{quote} .400 would be violation of rule 2 !! Standing on the sidelines is also a position... no need to be in a trade always... you need to choose your battles wisely.. where the probability is in your favour... and the GJ was not the best of choices.. Udine
I c. thx Master
Never say no to PIPS
  • #10,096
  • Jul 14, 2014 2:38am Jul 14, 2014 2:38am
Quoting lazyegg
{quote} but it was the first 00 of the hour of the open market, and both 1HR and Day are Red, but it was close to the DO line. in this case short at 400 will be better choice? at least it has little distance from Do line? thx Udine
personally, GJ was slopping around the DO....I chose to wait for next hour, after a direction has been established. Choose your battles wisely.
  • #10,097
  • Jul 14, 2014 2:40am Jul 14, 2014 2:40am
Quoting Callum
{quote} I don't know that they were in differing trends, they had both bounced of asian lows in the last few hours... the only difference is one was above the DO and one was below... but the last few hrs PA overall on both was bullish no?
kinda, no really, I jumping into trade too fast, that is the main problem
Never say no to PIPS
  • #10,098
  • Jul 14, 2014 2:40am Jul 14, 2014 2:40am
Quoting panamamike
{quote} personally, GJ was slopping around the DO....I chose to wait for next hour, after a direction has been established. Choose your battles wisely.
well say, thank you
Never say no to PIPS
  • #10,099
  • Jul 14, 2014 2:45am Jul 14, 2014 2:45am
GU short -SL

JUst think will green until Draghi coming with his santaclaus move.
  • #10,100
  • Jul 14, 2014 2:45am Jul 14, 2014 2:45am
Quoting lazyegg
{quote} kinda, no really, I jumping into trade too fast, that is the main problem
PDF & BCC

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