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As simple as possible: 00 level trading

  • #10,341
  • Jul 15, 2014 1:10am Jul 15, 2014 1:10am
Quoting Udine
good morning boys/girls, 2nd coffee and the newspaper... JPY red news coming up .. so waiting for London open Udine
Morning Udine. I've already done my burpees for not starting with chart number 1. (the UJ "News" chart).

Learning, learning.

Regards,

Ty
My job: I speculate and manage risk.
  • #10,342
  • Jul 15, 2014 1:12am Jul 15, 2014 1:12am
GJ + 5
Intraday only.
  • #10,343
  • Jul 15, 2014 1:13am Jul 15, 2014 1:13am
Quoting Udine
{quote} RULES RULE !!! so you know the answer... (yes) Udine

thanks, i was just looking at the JPY news all its says is 'tentative' for time, which means it could happen even at london open right?
  • #10,344
  • Jul 15, 2014 1:13am Jul 15, 2014 1:13am
Quoting navk
GJ + 5

you know its not according to the rules....

rule 7...

Udine
Sleep less, live fast, as it aint gonna last
  • #10,345
  • Jul 15, 2014 1:14am Jul 15, 2014 1:14am
Quoting nitecop
{quote} thanks, i was just looking at the JPY news all its says is 'tentative' for time, which means it could happen even at london open right?

yes, so better safe than sorry..

first rule in trading: dont loose your money
second rule in trading: dont forget rule 1....

Udine
Sleep less, live fast, as it aint gonna last
  • #10,346
  • Jul 15, 2014 1:16am Jul 15, 2014 1:16am
Quoting Udine
{quote} you know its not according to the rules.... rule 7... Udine
At times, my rule is to make money. based on hourly bearish candle.
Intraday only.
  • #10,347
  • Jul 15, 2014 1:17am Jul 15, 2014 1:17am
Quoting Udine
{quote} yes, so better safe than sorry.. first rule in trading: dont loose your money second rule in trading: dont forget rule 1.... Udine
Anyone know a website to view the status of events like this press conference? id like to know when it is done...
  • #10,348
  • Jul 15, 2014 1:20am Jul 15, 2014 1:20am
Quoting TyLamai
{quote} Morning Udine. I've already done my burpees for not starting with chart number 1. (the UJ "News" chart). Learning, learning. Regards, Ty
"Escaped" with:

GU +5. GJ -10.

Let's see what LO brings.

Regards,

Ty
My job: I speculate and manage risk.
  • #10,349
  • Jul 15, 2014 1:22am Jul 15, 2014 1:22am
Quoting Callum
{quote} Anyone know a website to view the status of events like this press conference? id like to know when it is done...
Hi, Callum
This is a live broadcasting website of BOJ press conference which is scheduled to begin a few min later.
http://www.ustream.tv/channel/nikkei-channel-business
  • #10,350
  • Jul 15, 2014 1:24am Jul 15, 2014 1:24am
Quoting sada69
{quote} Hi, Callum This is a live broadcasting website of BOJ press conference which is scheduled to begin a few min later. http://www.ustream.tv/channel/nikkei-channel-business
cheers
  • #10,351
  • Jul 15, 2014 1:42am Jul 15, 2014 1:42am
GJ TP +5
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.jpeg Size: 352 KB
Never say no to PIPS
  • #10,352
  • Jul 15, 2014 1:44am Jul 15, 2014 1:44am
Quoting lazyegg
GJ TP +5 {image}
How about rule #7 ?
  • #10,353
  • Jul 15, 2014 1:46am Jul 15, 2014 1:46am
Quoting flx69
{quote} How about rule #7 ?
not sure why people are bothering to post some of these trades, clearly no respect for the system/rules... I don't get it. Trade what you want to trade but if your not following the system that the thread is about how about leave the thread to those that are following the system
  • #10,354
  • Jul 15, 2014 1:47am Jul 15, 2014 1:47am
Quoting lazyegg
GJ TP +5
I was under the impression that that entry broke rule 2 (2. Entry ONLY the FIRST 00 level), as the 500 lvl had already been crossed in the hour.
  • #10,355
  • Jul 15, 2014 1:47am Jul 15, 2014 1:47am
I fail to understand why people would choose to trade JPY pairs at this time. Rules are there for a reason. Trading against the rules is an ego driven exercise that stems from a lack of discipline and greed. trade other pairs, or wait. The fact the trade works or not is irrelevant IMO; any trade that violates my rules, in this system or my other, is logged as a BAD trade in my journal. To each their own, but a failure to maintain discipline is a costly lesson in this business.
  • #10,356
  • Jul 15, 2014 1:49am Jul 15, 2014 1:49am
http://www.forexfactory.com/index.php

I don't see any red news coming
Never say no to PIPS
  • #10,357
  • Jul 15, 2014 1:49am Jul 15, 2014 1:49am
hmm...london opens have GBP news
...

2nd hr have more news...

any pairs to trade? suggestions?
Attached Image
  • #10,358
  • Jul 15, 2014 1:52am Jul 15, 2014 1:52am
Quoting lazyegg
http://www.forexfactory.com/index.php I don't see any red news coming
I guess the BOJ press conference going on right now doesn't count in your opinion?
  • #10,359
  • Jul 15, 2014 1:52am Jul 15, 2014 1:52am
Quoting NickkiT
hmm...london opens have GBP news ... 2nd hr have more news... any pairs to trade? suggestions? {image}
Can you share what website was it? how come FF did not have that news..hmm
Never say no to PIPS
  • #10,360
  • Jul 15, 2014 1:53am Jul 15, 2014 1:53am
Quoting lazyegg
http://www.forexfactory.com/index.php I don't see any red news coming
JPY press conference is still underway, and has been for the last 25 minutes... 1hr before and 30 mins after it you shouldnt trade... your trade was gbpJPY right?
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