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As simple as possible: 00 level trading

  • #11,341
  • Jul 17, 2014 6:10am Jul 17, 2014 6:10am
[email protected] TP!
I thought GJ might not gone down anymore, but it did.
  • #11,342
  • Jul 17, 2014 6:13am Jul 17, 2014 6:13am

EJ = TS, GJ = TP


Attached Image


GJ RoomDown was ok at start of the hour, so was valid entry to me. (Entry was beginning of the previous hour)
I don't set pending orders when RoomDown is already red, so long as there is still 5 pips or more to RangeLow

MrTD
  • #11,343
  • Jul 17, 2014 6:13am Jul 17, 2014 6:13am
Quoting Udine
{quote} was still green @ entry look at the situation now.. Udine {image}

no it was not..

if your adr is 73 (which thats what it shows on your chart).. entry point at 600lv make the atr 67... so distance is 6.. it's clearly less than 10..

hey I don't care but it's not by the rules.. and not even by discretion since the ej TS the fuck out of us,, would have made it hard to go for down low red room shot..
to say the least... not wisely picking your battle..
Passion, Persist, Patience, Protect
  • #11,344
  • Jul 17, 2014 6:18am Jul 17, 2014 6:18am
Quoting Udine
{quote} was still green @ entry look at the situation now.. Udine {image}
I'm with you sensei
Attached Image (click to enlarge)
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  • #11,345
  • Jul 17, 2014 6:19am Jul 17, 2014 6:19am
how much is "close to the DO"?


Anybody?
Stay Hungry Stay Foolish
  • #11,346
  • Jul 17, 2014 6:23am Jul 17, 2014 6:23am
Quoting FXEmpire
{quote} no it was not.. if your adr is 73 (which thats what it shows on your chart).. entry point at 600lv make the atr 67... so distance is 6.. it's clearly less than 10.. hey I don't care but it's not by the rules.. and not even by discretion since the ej TS the fuck out of us,, would have made it hard to go for down low red room shot.. to say the least... not wisely picking your battle..

I dont look how big(or small) the green number is... as long as its green

when its red at moment of entry I don take it.. if its green I take it.. that does not violate any of the rules..

Udine
Sleep less, live fast, as it aint gonna last
  • #11,347
  • Jul 17, 2014 6:23am Jul 17, 2014 6:23am
Quoting Nik13
how much is "close to the DO"? Anybody?
Ask yourself: if the pending order gets triggered and goes "the wrong way", would SL be on the opposite side of the DO ?
And if yes, how far ?
  • #11,348
  • Jul 17, 2014 6:32am Jul 17, 2014 6:32am
Quoting Udine
{quote} I dont look how big(or small) the green number is... as long as its green when its red at moment of entry I don take it.. if its green I take it.. that does not violate any of the rules.. Udine

ok..

I just figured since there is only 6 pips to adr max and I would need the full 6 pips to hit the tp considering the time of trade in the no mansland time, better to stay out of this one and just take up on ej..
Passion, Persist, Patience, Protect
  • #11,349
  • Jul 17, 2014 6:38am Jul 17, 2014 6:38am
EJ with TS,
GJ to TP
  • #11,350
  • Jul 17, 2014 6:38am Jul 17, 2014 6:38am
Have anyone taken short on GU at 1.7100 lvl?
  • #11,351
  • Jul 17, 2014 6:39am Jul 17, 2014 6:39am
Quoting FXEmpire
{quote} ok.. I just figured since there is only 6 pips to adr max and I would need the full 6 pips to hit the tp considering the time of trade in the no mansland time, better to stay out of this one and just take up on ej..

that is more analyzing than I did

Udine
Sleep less, live fast, as it aint gonna last
  • #11,352
  • Jul 17, 2014 6:43am Jul 17, 2014 6:43am
Quoting Udine
{quote} that is more analyzing than I did Udine

well we see you analyze the hell out of one situation and other times just not much or nothing,
Passion, Persist, Patience, Protect
  • #11,353
  • Jul 17, 2014 6:44am Jul 17, 2014 6:44am
Did any of you guys put in any pending orders for this hour ?
  • #11,354
  • Jul 17, 2014 6:46am Jul 17, 2014 6:46am
EJ to SL...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 23 KB
  • #11,355
  • Jul 17, 2014 6:47am Jul 17, 2014 6:47am
Quoting flx69
Did any of you guys put in any pending orders for this hour ?
nope waiting for NY

Udine
Sleep less, live fast, as it aint gonna last
  • #11,356
  • Jul 17, 2014 6:48am Jul 17, 2014 6:48am
GU with TS
  • #11,357
  • Jul 17, 2014 6:49am Jul 17, 2014 6:49am
Quoting FXEmpire
{quote} well we see you analyze the hell out of one situation and other times just not much or nothing,
nahh, I simply look at the 4 charts side by side.. see what each hourly candle is doing, the upcoming news and decide... dont anlyze the hell out of anything..

seconds work..

Udine
Sleep less, live fast, as it aint gonna last
  • #11,358
  • Jul 17, 2014 6:54am Jul 17, 2014 6:54am
Quoting flx69
Did any of you guys put in any pending orders for this hour ?
i did not like the Pivot (daily S2)on EJ right below the 137.20
Attached Image (click to enlarge)
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  • #11,359
  • Jul 17, 2014 6:56am Jul 17, 2014 6:56am
to give you an idea...

for the next hour: (forget the news for a moment)

EU is in a 20 pip range since the start of the day
EJ si in sync with GJ, but that has reached ADR already, so a push down is not sure at all
GJ reached ADR so is a no go
GU is at a BRN, will it push through, while the GJ as already reached ADR, i doubt it..

so sidelines for me.. (even more so with the news coming up)

Udine
Sleep less, live fast, as it aint gonna last
  • #11,360
  • Jul 17, 2014 6:58am Jul 17, 2014 6:58am
Quoting Udine
{quote} nahh, I simply look at the 4 charts side by side.. see what each hourly candle is doing, the upcoming news and decide... dont anlyze the hell out of anything.. seconds work.. Udine
it takes seconds for me to take or reject as well... anyways moving on..

gotta question for you..

on the ej instance where we got in at 300lv and mostly ts around 45 minute into the hour..
now comes the following hour and 400lv where technically it makes the level a valid setup for a trade..
now, in such squeezed time is it wise to take a on a trader at lower level where just got out of the previous one only about 15 minute before.. would you wait for pullback or next hour or...

thanks
Passion, Persist, Patience, Protect
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