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As simple as possible: 00 level trading

  • #10,561
  • Jul 15, 2014 6:19am Jul 15, 2014 6:19am
Quoting iwan73
{quote} Why EJ and EU during GBP news is yellow? To be more caucious?

Yes, just because some times red news influence even other pairs, it's just a remainder.
If I see fast peaks because of news on some pairs and I decide to enter as well on the others respecting the rules i usually do it with half lotsize..
Even if i usually TP in those occasions, that makes me feel more stress free.

Lrt
"Every battle is won before it's fought."
  • #10,562
  • Jul 15, 2014 6:44am Jul 15, 2014 6:44am
udine thanks alot for ur indicator pls i want to know hw i will know that average daily range have been reached
thanks
  • #10,563
  • Jul 15, 2014 6:51am Jul 15, 2014 6:51am
Hi guys,
i want to ask a question. see attached picture
Rule 12 Distance to RN > 10 pips
i see my screen left side down the bottom shows "RmUP -40 (RED)"
Does that mean the distance to buy is -40pips and according to rule 12 , we should not buy?
Attached Image (click to enlarge)
Click to Enlarge Name: 擷取.PNG Size: 72 KB
  • #10,564
  • Jul 15, 2014 6:57am Jul 15, 2014 6:57am
Hey guys, what to do now on NY open? The only tradable pair is EJ but is near daily open line..... What's your opinion?
  • #10,565
  • Jul 15, 2014 7:00am Jul 15, 2014 7:00am
Quoting lucariga
Hey guys, what to do now on NY open? The only tradable pair is EJ but is near daily open line..... What's your opinion?
EJ long @ .400 here
  • #10,566
  • Jul 15, 2014 7:01am Jul 15, 2014 7:01am
Quoting lucariga
Hey guys, what to do now on NY open? The only tradable pair is EJ but is near daily open line..... What's your opinion?
Not tradable. Enough for today.
  • #10,567
  • Jul 15, 2014 7:02am Jul 15, 2014 7:02am
Quoting lucariga
Hey guys, what to do now on NY open? The only tradable pair is EJ but is near daily open line..... What's your opinion?
pending EJ .400 set...

but might be removed when ADR turns red before entry..

Udine
Sleep less, live fast, as it aint gonna last
  • #10,568
  • Jul 15, 2014 7:03am Jul 15, 2014 7:03am
Quoting Udine
{quote} pending EJ .400 set... but might be removed when ADR turns red before entry.. Udine
Mine has 27 RmUp, don't think it will turn red....
  • #10,569
  • Jul 15, 2014 7:06am Jul 15, 2014 7:06am
EJ .400 is risky, if trade this, then only half of position.
  • #10,570
  • Jul 15, 2014 7:11am Jul 15, 2014 7:11am
Quoting lucariga
Hey guys, what to do now on NY open? The only tradable pair is EJ but is near daily open line..... What's your opinion?
I am also looking at EJ .400.
My zoom-out technical view on EU now is that it is fighting to cross Daily MA(10) (thin black line). You'll either have it crossed NY open+1-2 hours.. or not. If it is, you may be okay with EJ long(s). But around this MA not too reliable. Plus with the US news coming in 30 minutes one may not want to take position yet.
ron
Attached Image
  • #10,571
  • Jul 15, 2014 7:12am Jul 15, 2014 7:12am
Quoting owner2005
EJ .400 is risky, if trade this, then only half of position.
That's what I did..

Lrt
"Every battle is won before it's fought."
  • #10,572
  • Jul 15, 2014 7:12am Jul 15, 2014 7:12am
Quoting Udine
{quote} pending EJ .400 set... but might be removed when ADR turns red before entry.. Udine
What if new candle open would be below 30? Daily open is 26. Would you consider pending order at 30 lv ?
  • #10,573
  • Jul 15, 2014 7:14am Jul 15, 2014 7:14am
Quoting Udine
{quote} pending EJ .400 set... but might be removed when ADR turns red before entry.. Udine
I am not going for it, if price of previous hr closed above 138.350 then only i will take the risk not now.

just my thought
regards
jeet
  • #10,574
  • Jul 15, 2014 7:14am Jul 15, 2014 7:14am
Quoting iwan73
{quote} What if new candle open would be below 30? Daily open is 26. Would you consider pending order at 30 lv ?

nope

Udine
Sleep less, live fast, as it aint gonna last
  • #10,575
  • Jul 15, 2014 7:15am Jul 15, 2014 7:15am
EUR JPY both equal strength at the moment will have to wait and see?
Attached Image
Lets WUKAR FIFO!! - Udine
  • #10,576
  • Jul 15, 2014 7:16am Jul 15, 2014 7:16am
Quoting Udine
{quote} pending EJ .400 set... but might be removed when ADR turns red before entry.. Udine
It's a tough day at the office today Udine!

I think I will call it a day in an hour or so........

Actually I will be looking forward to tomorrow....

Masterrmind..........
Master your Mind then Master your Trades
  • #10,577
  • Jul 15, 2014 7:16am Jul 15, 2014 7:16am
Quoting GoldCoastFX
EUR JPY both equal strength at the moment will have to wait and see? {image}
Nice currency meter. Where to find it?
  • #10,578
  • Jul 15, 2014 7:17am Jul 15, 2014 7:17am
Did take GJ @174.30 +5 on NY Open
Just playing volatility

Also When ADR is reached by NY,
Many times it goes 1.5 to 2x ADR.
  • #10,579
  • Jul 15, 2014 7:20am Jul 15, 2014 7:20am
Quoting GoldCoastFX
EUR JPY both equal strength at the moment will have to wait and see? {image}
Yes that's so true .... it's written all over the chart at the moment.

Just have to see what happens on this one or call it a day??

Masterrmind..........
Master your Mind then Master your Trades
  • #10,580
  • Jul 15, 2014 7:21am Jul 15, 2014 7:21am
Quoting lucariga
{quote} Nice currency meter. Where to find it?
http://www.currencynewstrading.com/3...ter-explained/
Lets WUKAR FIFO!! - Udine
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