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As simple as possible: 00 level trading

  • #10,841
  • Jul 16, 2014 2:40am Jul 16, 2014 2:40am
same boat as most others EJ and GJ both to SL... bad start for the new account
  • #10,842
  • Edited 2:56am Jul 16, 2014 2:40am | Edited 2:56am
Quoting Masterrmind
{quote} With GJ red news just around the corner I left it alone (price is chopping around on the charts) As for EJ I'm also short that pair from the 800 level. Let's see that pair come through for you! Be positive ........ Masterrmind...........
GJ was nicely going down with EJ, my DO is 174.300, which is far enough, from frankfurt open I don't consider, that it was chopping, also multiple times before I saw Udine take trade just 1:30h before red news and it worked

i can be positive only for a few more days, because my small deposit is almost gone

EJ sell @ 137.800 just hit SL

It feels like something changed in the market... When i traded demo I had a lot of "belief trades", which I though would go to SL, but eventually TP, now it's vice-versa
  • #10,843
  • Jul 16, 2014 2:40am Jul 16, 2014 2:40am
Eurjpy sl -10
Attached Image
Lets WUKAR FIFO!! - Udine
  • #10,844
  • Jul 16, 2014 2:41am Jul 16, 2014 2:41am
EJ to SL....
  • #10,845
  • Jul 16, 2014 2:43am Jul 16, 2014 2:43am
Quoting Callum
same boat as most others EJ and GJ both to SL... bad start for the new account

that's alright my brother, hang in there.. winners are around the corner..



hang in there everyone..
Passion, Persist, Patience, Protect
  • #10,846
  • Jul 16, 2014 2:43am Jul 16, 2014 2:43am
Quoting easygoing
EJ -10 {image}
EURJPY lose
and GBPJPY lose
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy udine lose.PNG Size: 76 KB
Donde hay Patron no manda Marinero
  • #10,847
  • Jul 16, 2014 2:45am Jul 16, 2014 2:45am
Trade Loss

#1

EJ to SL -10 (pretty much straight to SL on that trade....never mind let's move on to the next trade shall we!)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #10,848
  • Jul 16, 2014 2:45am Jul 16, 2014 2:45am
With red GBP news coming up do we still trade other pairs or avoid everything due to correlation? Also EJ to SL!
  • #10,849
  • Jul 16, 2014 2:45am Jul 16, 2014 2:45am
Quoting frietzak
Hi everyone, I was wondering if anyone can help me with the correlation of different pairs. EJ > GJ ? GJ > EJ ? EU > EJ, GU ? GU > ? Sorry if this question has already been asked. Best regards, Frietzak
I understand Udine's point of view at correlation it in this manner:

Main pairs to trade are EJ and GJ.
If both are lets say above DO we trade them both long.
But:
If EJ and GJ are in oposite side of DO then we look at EU and GU.
So:
If EJ and EU are on the same side of DO we cen trade EU
If GJ and GU are on the same side of DO we can trade GU.
  • #10,850
  • Jul 16, 2014 2:46am Jul 16, 2014 2:46am
Quoting frietzak
Hi everyone, I was wondering if anyone can help me with the correlation of different pairs. EJ > GJ ? GJ > EJ ? EU > EJ, GU ? GU > ? Sorry if this question has already been asked. Best regards, Frietzak
http://www.forexticket.com/en/tools/01-01-correlation
  • #10,851
  • Jul 16, 2014 2:46am Jul 16, 2014 2:46am
Seems that EU is going to trigger my sell stop order @.500, maybe i should remove it but I'll leave it there in respect of the rules, the downtrend looks quite strong after the DO retracement..

Lrt
"Every battle is won before it's fought."
  • #10,852
  • Jul 16, 2014 2:48am Jul 16, 2014 2:48am
Quoting messiahua
{quote} GJ was nicely going down with EJ, my DO is 174.300, which is far enough, from frankfurt open I don't consider, that it was chopping, also multiple times before I saw Udine take trade just 1:30h before red news and it worked i can be positive only for a few more days, because my small deposit is almost gone EJ sell @ 137.800 just hit SL It feels like something changed in the market... When i traded demo I had a lot of "belief trades", which I though would go to SL, but eventually TP, now it's vice-versa
I was just trying to instill some positive thinking but it looks like it's just a time when trades go against the grain so we need to be able to weather the storm so to speak.

I hope things improve for you fast.

Masterrmind............
Master your Mind then Master your Trades
  • #10,853
  • Jul 16, 2014 2:49am Jul 16, 2014 2:49am
EJ also SL. The market giveth and the market taketh away.
Now's the time for fortitude people, as FXEmpire says - winners are around the corner.
  • #10,854
  • Jul 16, 2014 2:49am Jul 16, 2014 2:49am
Quoting Lrt.Ita
Seems that EU is going to trigger my sell stop order @.500, maybe i should remove it but I'll leave it there in respect of the rules, the downtrend looks quite strong after the DO retracement.. Lrt
Mate, isnt that the second RN in this hour?
  • #10,855
  • Jul 16, 2014 2:49am Jul 16, 2014 2:49am
Wow - Nice
Attached Image (click to enlarge)
Click to Enlarge Name: 313.png Size: 16 KB
"Always be yourself " Batman
  • #10,856
  • Jul 16, 2014 2:50am Jul 16, 2014 2:50am
Quoting messiahua
{quote} GJ was nicely going down with EJ, my DO is 174.300, which is far enough, from frankfurt open I don't consider, that it was chopping, also multiple times before I saw Udine take trade just 1:30h before red news and it worked i can be positive only for a few more days, because my small deposit is almost gone EJ sell @ 137.800 just hit SL It feels like something changed in the market... When i traded demo I had a lot of "belief trades", which I though would go to SL, but eventually TP, now it's vice-versa
the markets are always changing...thats the only constant

EJ to SL
  • #10,857
  • Jul 16, 2014 2:50am Jul 16, 2014 2:50am
Hi guys,

yeah, seems like not so positive week so far =)
2xSL + 1xTP + 1xBE yesterday, and today 1 SL

week full of news
  • #10,858
  • Jul 16, 2014 2:51am Jul 16, 2014 2:51am
wondering if should re-enter 137.800 in the next hour if according to rule. However gbp red in half an hour time .
  • #10,859
  • Jul 16, 2014 2:51am Jul 16, 2014 2:51am
Quoting Dumper
{quote} Mate, isnt that the second RN in this hour?
Not on my charts. Previous hour closed at 1.35574
  • #10,860
  • Jul 16, 2014 2:53am Jul 16, 2014 2:53am
Quoting littlesmall
wondering if should re-enter 137.800 in the next hour if according to rule. However gbp red in half an hour time .
i will
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