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As simple as possible: 00 level trading

  • #10,221
  • Jul 14, 2014 7:53am Jul 14, 2014 7:53am
Quoting Udine
no entries for me, I did not like anything i saw on my charts.. Udine
I'm afraid I too saw nothing of interest!

Masterrmind...........
Master your Mind then Master your Trades
  • #10,222
  • Jul 14, 2014 7:58am Jul 14, 2014 7:58am
Quoting Masterrmind
{quote} I'm afraid I too saw nothing of interest! Masterrmind...........
Ok.

Well I'm done, see you all later -
Small disciplines repeated with consistency lead to great achievements.
  • #10,223
  • Jul 14, 2014 8:00am Jul 14, 2014 8:00am
Quoting jmflukeiii
{quote} Ok. Well I'm done, see you all later -

later buddy

Udine
Sleep less, live fast, as it aint gonna last
  • #10,224
  • Jul 14, 2014 8:02am Jul 14, 2014 8:02am
Quoting jmflukeiii
First two trades of the week. GU and GJ to target. Done for the day - {image}
Are you trading at the NY open only or are you also trading London open?

I'm up in Island County so I'm curious how you're trading down in The Town.
War. Is my profession.
  • #10,225
  • Jul 14, 2014 8:02am Jul 14, 2014 8:02am
Quoting jmflukeiii
{quote} Ok. Well I'm done, see you all later -
See you mate.

Masterrmind.........
Master your Mind then Master your Trades
  • #10,226
  • Jul 14, 2014 8:04am Jul 14, 2014 8:04am
Quoting L0pg
{quote} Are you trading at the NY open only or are you also trading London open? I'm up in Island County so I'm curious how you're trading down in The Town.

If I am not mistaken JM trades Asia (except Mondays) and NY...

If I am wrong he will chip in and corect me..

Udine
Sleep less, live fast, as it aint gonna last
  • #10,227
  • Jul 14, 2014 8:04am Jul 14, 2014 8:04am
Quoting L0pg
{quote} Are you trading at the NY open only or are you also trading London open? I'm up in Island County so I'm curious how you're trading down in The Town.
I traded the London open only once so far, and it happened to be when I was up in the island country over the 4th (Friday Harbor).

I have been trading the first hour of Tokyo (5pm) only, and then the three hours of the NY/London overlap (5am/6am/7am hours).
Small disciplines repeated with consistency lead to great achievements.
  • #10,228
  • Jul 14, 2014 8:06am Jul 14, 2014 8:06am
EURUSD SL -10
Attached Image

OK. I'm out of here. Have a good one.
Lets WUKAR FIFO!! - Udine
  • #10,229
  • Jul 14, 2014 8:14am Jul 14, 2014 8:14am
Well....the only trade I saw was GCad short.....did not take it even though the currency strength meter said it was a go (in fact it was perfect) On that note, I am more than statisfied packinging it in for the day.

FF 1 trade +5
LO 3 trades +15
NY 0 trades

total for day is +20 +4%

enjoy your day.....and good trading (follow the rules) and green pips to all
  • #10,230
  • Jul 14, 2014 8:16am Jul 14, 2014 8:16am
Quoting jmflukeiii
{quote} The G's seemed to both have developed a nice turn from their highs and looked to be travelling down. I was a bit unnerved by the EJ being opposite the GJ, but EJ had reached its ADR limit so I felt the risk was justified to take the short in GJ alongside GU. Apparently there seems to be something affecting the pound, not the dollar, hence the divergence in EU and GU. That was my thought process at least..
Looking at your GJ chart you could have gone long from the 600 level straight to TP as well.

However, it might have been a bit close for you to open that order @ the start of the new hour.

Nice trading JM

Masterrmind............
Master your Mind then Master your Trades
  • #10,231
  • Jul 14, 2014 8:27am Jul 14, 2014 8:27am
eu -10
  • #10,232
  • Jul 14, 2014 8:30am Jul 14, 2014 8:30am
EU long @1.3630 sl -10. Lack of patience today.
Attached Image
  • #10,233
  • Jul 14, 2014 8:30am Jul 14, 2014 8:30am
Bonus Trade

#5

UJ to >5 TP (entered well before NY open slow progression but I'll take the win all the same)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


Slightly lower ADR but worth the risk in my opinion.

Masterrmind............
Master your Mind then Master your Trades
  • #10,234
  • Jul 14, 2014 8:33am Jul 14, 2014 8:33am
Quoting jmflukeiii
{quote} I traded the London open only once so far, and it happened to be when I was up in the island country over the 4th (Friday Harbor). I have been trading the first hour of Tokyo (5pm) only, and then the three hours of the NY/London overlap (5am/6am/7am hours).
That's pretty much my plan for this system once I get back (out of state at the moment), so I'll be watching your trades with particular interest.

-L0
War. Is my profession.
  • #10,235
  • Jul 14, 2014 8:42am Jul 14, 2014 8:42am
Quoting Masterrmind
Bonus Trade #5 UJ to >5 TP (entered well before NY open slow progression but I'll take the win all the same) {image} Slightly lower ADR but worth the risk in my opinion. Masterrmind............
I took the same, but the 3.5 pip TS took me out at +1. I also find UJ suitable based on avg spread vs. ADR, however todays very slow one was a discouraging example for me.
Áron
  • #10,236
  • Jul 14, 2014 8:45am Jul 14, 2014 8:45am
Quoting Masterrmind
Bonus Trade #5 UJ to >5 TP (entered well before NY open slow progression but I'll take the win all the same) {image} Slightly lower ADR but worth the risk in my opinion. Masterrmind............
Impressive!!
My hope has been almost completely shattered, but not completely yet
  • #10,237
  • Jul 14, 2014 9:00am Jul 14, 2014 9:00am
Quoting Masterrmind
{quote} Looking at your GJ chart you could have gone long from the 600 level straight to TP as well. However, it might have been a bit close for you to open that order @ the start of the new hour. Nice trading JM Masterrmind............
You could just enter at any level all day long I suppose....

I didn't think long because it was retracing, and GU had crossed down below the open, and EJ was bouncing at its ADR limit. Everything said short to me.
Small disciplines repeated with consistency lead to great achievements.
  • #10,238
  • Jul 14, 2014 9:00am Jul 14, 2014 9:00am
Quoting Carpathian
{quote} I took the same, but the 3.5 pip TS took me out at +1. I also find UJ suitable based on avg spread vs. ADR, however todays very slow one was a discouraging example for me. Áron
I rarely take UJ but on occasion I do.

I simply liked what I saw on the chart today.

Masterrmind..........
Master your Mind then Master your Trades
  • #10,239
  • Jul 14, 2014 9:04am Jul 14, 2014 9:04am
Quoting jmflukeiii
{quote} You could just enter at any level all day long I suppose.... I didn't think long because it was retracing, and GU had crossed down below the open, and EJ was bouncing at its ADR limit. Everything said short to me.
Yes shorting it was the right thing to do.

I agree.

Masterrmind...........
Master your Mind then Master your Trades
  • #10,240
  • Jul 14, 2014 9:06am Jul 14, 2014 9:06am
There are Rules, but not when, when not to take trade.
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