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As simple as possible: 00 level trading

  • #11,581
  • Jul 18, 2014 2:56am Jul 18, 2014 2:56am
Quoting ronwalt
I guess that I don't understand Rule #2, "Only the First 00 level". The GJ 400 entry was the second 00 level (?). Any clarification will be helpful.
the hour before closed at 173.328....so the next 00 level up is .40
  • #11,582
  • Jul 18, 2014 2:56am Jul 18, 2014 2:56am
Quoting Udine
{quote} only win !!! Udine
hi udine pls which time frame is easy to trade 1HR or 15M time frame
  • #11,583
  • Jul 18, 2014 2:56am Jul 18, 2014 2:56am
Quoting Udine
{quote} it is.. I keep hammering into the head of my son, he needs to learn something... improve his spanish, english and german as much as possible... and when he grows up I will teach him trading, so he will never ever have to work a day in his life and can live wherever he wants.. Udine
Hello, Udine!

A few personal questions, if you don't mind: how many languages do you know and what was the reason (or reasons) for moving from Barcelona considering the situation in Italy?

P.S. Not just out of curiosity - learning languages and thinking of moving are important for me too.
Thank you!
Let's go with the flow
  • #11,584
  • Jul 18, 2014 2:57am Jul 18, 2014 2:57am
Quoting kurzor
{quote} Thanks! Thanks for the quick answer, I missed Rule 2 - although it was not quire clear for me what "first 00 level" means but found the answer in the previous posts (for those like me do not want to crunch over 10000 posts -- it's the first 00 level of the current candle - google is your friend). Some trading info on my current trades: GJ long 173.400 --> SL (if I obeyed Rule 2 and waited for some more, it would have been a great trade after London open...) EJ long 137.100 --> TP open positions: EU long 1.35300 USDCAD long 1.07500 Thanks...
Be careful with the UC. Low ADR and red news for CAD coming up in a couple of hours...

flx69
  • #11,585
  • Jul 18, 2014 2:57am Jul 18, 2014 2:57am
Quoting Udine
{quote} yes, look at the chart, the .300 was the first level Udine
So, taking the 400 entry was technically a violation of rule #2.
  • #11,586
  • Jul 18, 2014 2:58am Jul 18, 2014 2:58am
Quoting Bomi
{quote} Hi Ff-fx I tried to load Eric EA - WUKAR_WB_Trail_v1_3_2e.mq4 but it is not getting loaded on EJ & GJ chart. I try to check journal and it says "Signal failed connect to server login mql5.com". The EA is loaded on expert folder and set files are loaded on preset folder. Can you please help me out. Appreciated. Bomi

Hello Bomi.
Except the advices given by Eric, maybe there is a possible conflict with Mithen expert advisor that you seem to be using too ?
Save and close all the tabs in MT, open a fresh new one and test if it works as it should.
Last question, already asked by Eric : are you really using MT4, not MT5 ?
Hope you'll manage to solve this ;-)
  • #11,587
  • Jul 18, 2014 2:59am Jul 18, 2014 2:59am
Quoting jurn_e
EJ and GJ TP too. Still reeling from this week losses.
We are not allowed to take loses with this RR. It's good, because we have to pick our entries more carefully. We'll be just fine.
Look for reasons not to take a trade.
  • #11,588
  • Jul 18, 2014 3:01am Jul 18, 2014 3:01am
Quoting s3k
{quote} hi udine pls which time frame is easy to trade 1HR or 15M time frame

look at my charts, what do you see ??

Udine
Sleep less, live fast, as it aint gonna last
  • #11,589
  • Jul 18, 2014 3:02am Jul 18, 2014 3:02am
Quoting artem_t
{quote} Hello, Udine! A few personal questions, if you don't mind: how many languages do you know and what was the reason (or reasons) for moving from Barcelona considering the situation in Italy? P.S. Not just out of curiosity - learning languages and thinking of moving are important for me too. Thank you!

1. i speak 5 languages
2. wife from Italy and she wanted to go back home

Udine
Sleep less, live fast, as it aint gonna last
  • #11,590
  • Jul 18, 2014 3:03am Jul 18, 2014 3:03am
Quoting ronwalt
{quote} So, taking the 400 entry was technically a violation of rule #2.

the trade I took not, the previous hour, what i thought you meant.. yes
Sleep less, live fast, as it aint gonna last
  • #11,591
  • Edited 3:17am Jul 18, 2014 3:06am | Edited 3:17am
Quoting messiahua
{quote} I don't understand how some avoided all the losses, because I'm pretty sure all trades, that I made, were strictly by the written rules, but I guess not by the unwritten ones.
I've closed the platform.

I was not able to avoid the losses. Far from that, I added losses.

the greatest lesson I learned from donating my money to the market is that you'd better not trade near DO.
Just wait to see a trend begins to appear.

And I believe the unwritten rules are buried in this thread... I'll read this whole thread again and find them more.

EDIT: the second greatest: Don't overtrade.
the third greatest: Candle formation is very important (including sync). MM shows us his charts. Very informative.
My hope has been almost completely shattered, but not completely yet
  • #11,592
  • Jul 18, 2014 3:10am Jul 18, 2014 3:10am
Quoting flx69
{quote} Nice one Selga. In just 3 minutes 2 x TP !
Oh, yes, these seemed like the first normal trades of this week!
  • #11,593
  • Jul 18, 2014 3:12am Jul 18, 2014 3:12am
Hello Udine,

I think it would be helpful for others if you would edit your start post and add the news allert from MrTD

http://www.forexfactory.com/showthre...53#post7614753

But that's up to you

Have a good day

Takeo
  • #11,594
  • Jul 18, 2014 3:12am Jul 18, 2014 3:12am
Quoting messiahua
{quote} Unfortunately a bit hard when you have this on your account: {image} I don't understand how some avoided all the losses, because I'm pretty sure all trades, that I made, were strictly by the written rules, but I guess not by the unwritten ones.
What´s the common denominator of 80% of your losses, when looking at your trade journal ?

flx69
  • #11,595
  • Jul 18, 2014 3:19am Jul 18, 2014 3:19am
EJ & GJ -- TP
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
  • #11,596
  • Jul 18, 2014 3:24am Jul 18, 2014 3:24am
Quoting Takeo
Hello Udine, I think it would be helpful for others if you would edit your start post and add the news allert from MrTD http://www.forexfactory.com/showthre...53#post7614753 But that's up to you Have a good day Takeo



done

Udine
Sleep less, live fast, as it aint gonna last
  • #11,597
  • Jul 18, 2014 3:24am Jul 18, 2014 3:24am
Quoting flx69
{quote} Be careful with the UC. Low ADR and red news for CAD coming up in a couple of hours... flx69
Thanks!
Fortunately UC TP-d @7550
  • #11,598
  • Jul 18, 2014 3:26am Jul 18, 2014 3:26am
Quoting Udine
{quote} 1. i speak 5 languages 2. wife from Italy and she wanted to go back home Udine
5 languages! That's impressive.
Somebody said: Talented people are talented in everything.
Look for reasons not to take a trade.
  • #11,599
  • Jul 18, 2014 3:29am Jul 18, 2014 3:29am
Quoting ronwalt
{quote} So, taking the 400 entry was technically a violation of rule #2.
Agree, my opening price at FF open was .298 -- so technically .400 was the 2nd 00 level.
BUT: this is so small difference (0.2 pips) so it's clearly broker-dependent that one's FF open price is below or over the .300 level...
  • #11,600
  • Jul 18, 2014 3:31am Jul 18, 2014 3:31am
Quoting overseaz
{quote} 5 languages! That's impressive. Somebody said: Talented people are talented in everything.
Well you can say talented, but in the end it's not about talent. It's all about how much effort you are willing to put into a thing. The more you put in, the more you get out.

Bunker Hunt (American oil company executive) was asked what success means....
"To be successful, you must decide exactly what you want to accomplish, then resolve to pay the price to get it."
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