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As simple as possible: 00 level trading

  • #10,641
  • Jul 15, 2014 9:45am Jul 15, 2014 9:45am
Quoting navk
3.7 % today until now. Now I am thinking of closing down the shop for today.
Hi Navk,

Congratulations with your results. May I ask for your trades.

Best regards,

Frietzak
  • #10,642
  • Jul 15, 2014 9:47am Jul 15, 2014 9:47am
Quoting jeetvirk
Hi Udine if you r still here I would like to ask you regarding the GJ pair, since after news GJ pair give us 3 clean wins but we all didn't took the trades becuse of RMup value turing red. cant we change these values so that it give us more room to trade. i hope u under stand what i want to ask. thanks regards jeet

nope..

the ranges adjust themselves every day.. so tomorrow its different..

I have checked over 1 year ago.. that > 80 % of the time the price does not pass the ADR, so why risk it..

Udine
Sleep less, live fast, as it aint gonna last
  • #10,643
  • Jul 15, 2014 9:51am Jul 15, 2014 9:51am
Quoting jeetvirk
Hi Udine if you r still here I would like to ask you regarding the GJ pair, since after news GJ pair give us 3 clean wins but we all didn't took the trades becuse of RMup value turing red. cant we change these values so that it give us more room to trade. i hope u under stand what i want to ask. thanks regards jeet
Its set like that to keep you out of trouble, more often than not price won't exceed the ADR. It's all about taking the high probability setups
  • #10,644
  • Jul 15, 2014 9:57am Jul 15, 2014 9:57am
Gj + 5
ea + 5
ga +5
gu +9, + 5
gj - 10
gc +5

UPDATE : 4 %
Intraday only.
  • #10,645
  • Jul 15, 2014 10:02am Jul 15, 2014 10:02am
Wuuuuuuuuuhhhh, what a terrible Typhoon! Power goes on and off. At least I am done with my final trades. Dont know about the both with USD but there was no more red news!

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #10,646
  • Jul 15, 2014 10:03am Jul 15, 2014 10:03am
Quoting navk
Gj + 5 ea + 5 ga +5 gu +9, + 5 gj - 10 gc +5 UPDATE : 4 %
time? was this before frankie open?
  • #10,647
  • Jul 15, 2014 10:05am Jul 15, 2014 10:05am
I'm wondering, are there other traders here who like me live in North America? if so, which times do you trade? i find trading at 2am-9am EST can be quit taxing on social/lifestyle issues. Not complaining but just wondering if there are alternatives.
  • #10,648
  • Jul 15, 2014 10:09am Jul 15, 2014 10:09am
Gj + 5 ( Asia - short)
ea + 5 ( Asia - Long )
ga +5 ( Asia - Long )

gu +9, ( Long - London ) GU + 5 ( NY - long )

gj - 10 (Asia long, SL hit )

gc +5 ( NY long )

UPDATE : 4 %
Intraday only.
  • #10,649
  • Jul 15, 2014 10:10am Jul 15, 2014 10:10am
Quoting nitecop
I'm wondering, are there other traders here who like me live in North America? if so, which times do you trade? i find trading at 2am-9am EST can be quit taxing on social/lifestyle issues. Not complaining but just wondering if there are alternatives.
I am in YYZ, I trade after my 3 AM here. Asia I try to catch few though. Sleep well after 1 pm to 5 pm
Intraday only.
  • #10,650
  • Jul 15, 2014 10:12am Jul 15, 2014 10:12am
Quoting nitecop
I'm wondering, are there other traders here who like me live in North America? if so, which times do you trade? i find trading at 2am-9am EST can be quit taxing on social/lifestyle issues. Not complaining but just wondering if there are alternatives.
You should practice to wake up during FF open and trade until 10.30 AM ET.

3 am ET to 10.30 am ET.
Intraday only.
  • #10,651
  • Jul 15, 2014 10:21am Jul 15, 2014 10:21am
Quoting navk
{quote} I am in YYZ, I trade after my 3 AM here. Asia I try to catch few though. Sleep well after 1 pm to 5 pm

No way! I'm from Toronto too! I wasn't very confident on asian sessions so I'll admit I've avoided trading until frankfurt which is 2 am our time... so you catch some asian and then sleep until london open??
  • #10,652
  • Jul 15, 2014 10:22am Jul 15, 2014 10:22am
I took no trade today after all. But it was a long day.
Look forward to a better tomorrow.
Thank you!
  • #10,653
  • Jul 15, 2014 10:22am Jul 15, 2014 10:22am
Quoting nitecop
{quote} No way! I'm from Toronto too! I wasn't very confident on asian sessions so I'll admit I've avoided trading until frankfurt which is 2 am our time... so you catch some asian and then sleep until london open??
Few in Asia, yes.
Intraday only.
  • #10,654
  • Jul 15, 2014 10:23am Jul 15, 2014 10:23am
Quoting nitecop
{quote} No way! I'm from Toronto too! I wasn't very confident on asian sessions so I'll admit I've avoided trading until frankfurt which is 2 am our time... so you catch some asian and then sleep until london open??
Good chances after 4.30 AM london events.
Intraday only.
  • #10,655
  • Jul 15, 2014 10:26am Jul 15, 2014 10:26am
Quoting nitecop
{quote} No way! I'm from Toronto too! I wasn't very confident on asian sessions so I'll admit I've avoided trading until frankfurt which is 2 am our time... so you catch some asian and then sleep until london open??
Just follow Udine's MM rules, I mean 1 to 2 % a day. Consider anything more than 2 % as just bonus, bonus....

Will do wonders. What I noticed all these days, being greedy will lead to disaster.
Intraday only.
  • #10,656
  • Jul 15, 2014 10:33am Jul 15, 2014 10:33am
Quoting navk
{quote} Just follow Udine's MM rules, I mean 1 to 2 % a day. Consider anything more than 2 % as just bonus, bonus.... Will do wonders. What I noticed all these days, being greedy will lead to disaster.

being greedy will lead to disaster !!



Udine
Sleep less, live fast, as it aint gonna last
  • #10,657
  • Jul 15, 2014 10:45am Jul 15, 2014 10:45am
I am off na, Typhoon to much heavy!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #10,658
  • Jul 15, 2014 10:48am Jul 15, 2014 10:48am
Quoting Udine
{quote} being greedy will lead to disaster !! Udine
Udine, I am not greedy as in the past, but I dont miss the chances when it comes.

I play them safe with reduced lot size.
Intraday only.
  • #10,659
  • Jul 15, 2014 10:51am Jul 15, 2014 10:51am
It happened today,

The first trade GJ was a winner. + 5.

The second trade GJ - 10 was the looser, b'cos I took the trade in the same hour.

Udine's rule says NOT MORE THAN 1 trade per hour. I read it and tried to over rule that and paid the penalty.
Intraday only.
  • #10,660
  • Jul 15, 2014 11:04am Jul 15, 2014 11:04am
Quoting JibalaPasan
I am off na, Typhoon to much heavy! Jibala

hope all is well over there..

take care..

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