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As simple as possible: 00 level trading

  • #12,141
  • Jul 21, 2014 9:42am Jul 21, 2014 9:42am
Quoting Udine
{quote} its the spirit of WUKAR Udine

A killer?
  • #12,142
  • Jul 21, 2014 9:45am Jul 21, 2014 9:45am
Quoting aje6767
{quote} A killer?
W ake
U p
K ick
A ss
R epeat

short answer: yes

Udine
Sleep less, live fast, as it aint gonna last
  • #12,143
  • Jul 21, 2014 9:52am Jul 21, 2014 9:52am
Quoting Patron
{quote} I have to confess that I use manually (not EA or change a little the EA) to GBPJPY, due to the characteristics of this pair. But not too far away from me Udine rules.
GBPJPY
Now I put a SELL STOP at 172.900
Donde hay Patron no manda Marinero
  • #12,144
  • Jul 21, 2014 9:55am Jul 21, 2014 9:55am
Udine,

I hope you didn´t put in a pending GJ @ 172.900, because you´ll have some explaining to do at home by the time you´ll get out of that bar
  • #12,145
  • Jul 21, 2014 9:55am Jul 21, 2014 9:55am
ok guys I am out of here..

Closed the day +1 % could have been worse..

speak tomorrow.

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #12,146
  • Jul 21, 2014 10:06am Jul 21, 2014 10:06am
Quoting flx69
Udine, I hope you didn´t put in a pending GJ @ 172.900, because you´ll have some explaining to do at home by the time you´ll get out of that bar
Bar de BAR, Bar de barra o Bar de Vela ?
Donde hay Patron no manda Marinero
  • #12,147
  • Jul 21, 2014 10:13am Jul 21, 2014 10:13am
Quoting Patron
{quote} Bar de BAR, Bar de barra o Bar de Vela ?
"Bar" como lugar pa' tomar algo (desde lugo con Wifi), como sustitución del despacho en casa.
Digamos que al amigo Udine le gusta la idea de "ir al trabajo", como otra gente y tener algo de música, ambiente.
Con razón, certifico que funciona muy bien. :-)
  • #12,148
  • Jul 21, 2014 10:19am Jul 21, 2014 10:19am
Quoting Patron
{quote} GBPJPY Now I put a SELL STOP at 172.900
I think the order has expired, so take it off.
Donde hay Patron no manda Marinero
  • #12,149
  • Jul 21, 2014 10:21am Jul 21, 2014 10:21am
Quoting flx69
{quote} "Bar" como lugar pa' tomar algo (desde lugo con Wifi), como sustitución del despacho en casa. Digamos que al amigo Udine le gusta la idea de "ir al trabajo", como otra gente y tener algo de música, ambiente. Con razón, certifico que funciona muy bien. :-)
Ajá. Me gusta. Seguiré vuestro ejemplo (le preguntaré a mi médico primero).
Donde hay Patron no manda Marinero
  • #12,150
  • Jul 21, 2014 10:30am Jul 21, 2014 10:30am
Quoting Patron
{quote} I think the order has expired, so take it off.
Patron

how about the previous candle GJ short 172.900 , price touched the level around 12:16 est and then went up...did you or anyone take the trade ?

edit: also ,even 1 hour before, at 11:15, the price touched .800 and went up... both trades were by rules, how come nobody took them ?
  • #12,151
  • Jul 21, 2014 10:37am Jul 21, 2014 10:37am
Gone to SL.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB
  • #12,152
  • Jul 21, 2014 10:39am Jul 21, 2014 10:39am
Quoting flx69
Gone to SL. {image}
flx69

did you take previous hour 172.800?
  • #12,153
  • Jul 21, 2014 10:45am Jul 21, 2014 10:45am
Quoting NewToForex14
{quote} flx69 did you take previous hour 172.800?
No, I didn't.
flx69
  • #12,154
  • Jul 21, 2014 10:52am Jul 21, 2014 10:52am
Quoting flx69
{quote} No, I didn't. flx69
can you tell me, why ?

was it legit?...
  • #12,155
  • Jul 21, 2014 10:56am Jul 21, 2014 10:56am
Quoting NewToForex14
{quote} Patron how about the previous candle GJ short 172.900 , price touched the level around 12:16 est and then went up...did you or anyone take the trade ? edit: also ,even 1 hour before, at 11:15, the price touched .800 and went up... both trades were by rules, how come nobody took them ?
I think the rules are an invaluable policy for a system. And I think that Udine has given us a vein of gold. However there is something called Price Action (candles, waves, shapes, patterns, etc. ..), and also there is something called experience.
Price action and experience should be added to any rule.
So the corrective wave that was forming was not conclusive in my experience, so I decided not to, still, the pending order.
In addition, the London session was closed around the .800 level, then it was not good to take that trade either.
Conclusion: study Babypips or similar. And then use the system as a trigger, and also to manage your trades.
Donde hay Patron no manda Marinero
  • #12,156
  • Jul 21, 2014 11:07am Jul 21, 2014 11:07am
Quoting Patron
{quote} I think the rules are an invaluable policy for a system. And I think that Udine has given us a vein of gold. However there is something called Price Action (candles, waves, shapes, patterns, etc. ..), and also there is something called experience. Price action and experience should be added to any rule. So the corrective wave that was forming was not conclusive in my experience, so I decided not to, still, the pending order. In addition, the London session was closed around the .800 level, then it was not good to take that trade either....
Illustrating what I say in my previous post ...
Attached Image (click to enlarge)
Click to Enlarge Name: ilustrando pa.PNG Size: 96 KB
Donde hay Patron no manda Marinero
  • #12,157
  • Jul 21, 2014 11:07am Jul 21, 2014 11:07am
Quoting Patron
{quote} I think the rules are an invaluable policy for a system. And I think that Udine has given us a vein of gold. However there is something called Price Action (candles, waves, shapes, patterns, etc. ..), and also there is something called experience. Price action and experience should be added to any rule. So the corrective wave that was forming was not conclusive in my experience, so I decided not to, still, the pending order. In addition, the London session was closed around the .800 level, then it was not good to take that trade either....
Patron, thanks for the explanation ...
  • #12,158
  • Jul 21, 2014 11:10am Jul 21, 2014 11:10am
Quoting flx69
Gone to SL. {image}
Lo siento. Tal vez haya influido en tu decisión. Me siento culpable.
Donde hay Patron no manda Marinero
  • #12,159
  • Jul 21, 2014 11:15am Jul 21, 2014 11:15am
Don´t ! I was to eager to reach my DT and should have known better.
  • #12,160
  • Jul 21, 2014 11:33am Jul 21, 2014 11:33am
Quoting flx69
Don´t ! I was to eager to reach my DT and should have known better.
May I add my 'being clever retrospective' H1 based analysis, cos I also went wondering what could have prevented me from taking this if had been watching: the previous H1 candle was green, more than 15 pips in total, had a loooong lower wick, and it closed quite high, prompting there's still much momentum upward making it riskier to speculate the downside from .900 right in the following hour.
Áron
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