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As simple as possible: 00 level trading

  • #12,621
  • Jul 23, 2014 12:25am Jul 23, 2014 12:25am
my reason of not being in the GJ..

the combination of London open and the GBP red news.. might make a bad combination... and i felt it did not stack the odds in my favor..

better being safe than sorry..

Udine
Sleep less, live fast, as it aint gonna last
  • #12,622
  • Jul 23, 2014 12:26am Jul 23, 2014 12:26am
EU TS +1
Attached Image
The problem is not giving offence but taking offence!
  • #12,623
  • Jul 23, 2014 12:26am Jul 23, 2014 12:26am
Quoting Udine
{quote} nope only EJ... @ BE at the moment still open Udine
Why, because GU was above DO?

So far:
EJ +5
GJ -10
  • #12,624
  • Jul 23, 2014 12:27am Jul 23, 2014 12:27am
Quoting flx69
Trade #2 o/t day. GJ to SL. -5 pips so far. Udine, out of curiousity, why didnīt you take the GJ ? It looked "good" to me on the open of the H1 bar and I couldnīt find a reason not to take it. flx69 {image}
Personally did not have that on my radar because if you look to the left on the 1 hr chart the 0000 level was rejected to the downside a few times previously. The only BRN i will take is if it has previously broken and held.
  • #12,625
  • Jul 23, 2014 12:28am Jul 23, 2014 12:28am
What is on the left MM if you don't mind being specifically c... Udine what are your views too please
  • #12,626
  • Jul 23, 2014 12:28am Jul 23, 2014 12:28am
Quoting Masterrmind
{quote} Looking left on the GJ chart should have been enough for you to hesitate (ie not take!) that GJ trade..... Masterrmind..........
Is it because .000 here looks like a support level/zone?

Lrt
"Every battle is won before it's fought."
  • #12,627
  • Jul 23, 2014 12:29am Jul 23, 2014 12:29am
Quoting Masterrmind
{quote} Looking left on the GJ chart should have been enough for you to hesitate (ie not take!) that GJ trade..... Masterrmind..........
Took the words right off of my keyboard....lol
  • #12,628
  • Jul 23, 2014 12:29am Jul 23, 2014 12:29am
seems that some people have more information than we do... watch the GBP move already...

Udine
Sleep less, live fast, as it aint gonna last
  • #12,629
  • Jul 23, 2014 12:31am Jul 23, 2014 12:31am
Sorry guys ignore my questions... Delayed cos I'm on phone
  • #12,630
  • Jul 23, 2014 12:31am Jul 23, 2014 12:31am
Quoting Masterrmind
{quote} Looking left on the GJ chart should have been enough for you to hesitate (ie not take!) that GJ trade..... Masterrmind..........
I should have looked left and a simple glance at GU would have given a straight "no trade" signal.
I need to slow down and think.
I could blame the fact that my whole family, me included, was very ill yesterday. But then I could just be plain stupid.
  • #12,631
  • Jul 23, 2014 12:31am Jul 23, 2014 12:31am
GJ to SL
  • #12,632
  • Jul 23, 2014 12:31am Jul 23, 2014 12:31am
Quoting Masterrmind
{quote} Looking left on the GJ chart should have been enough for you to hesitate (ie not take!) that GJ trade..... Masterrmind..........
thx MM and P-mike!
...you were right, on the left side are too many resistances...saw too late
  • #12,633
  • Jul 23, 2014 12:32am Jul 23, 2014 12:32am
EU missed tp for 0.1 pips lol

http://i62.tinypic.com/swcnrq.png
  • #12,634
  • Jul 23, 2014 12:33am Jul 23, 2014 12:33am
Quoting Lrt.Ita
{quote} Is it because .000 here looks like a support level/zone? Lrt
That's only part of the reason but as Udine pointed out the fact that Red news was very close by is a good enough reason to hesitate (ie do not trade it)

Masterrmind..........
Master your Mind then Master your Trades
  • #12,635
  • Jul 23, 2014 12:34am Jul 23, 2014 12:34am
Quoting yag
{quote} thx MM and P-mike ...you were right, on the left side are too many resistances...saw too late
Don't worry after a few losses (yes I know they hurt!) you will begin to see these things as big as the moon and avoid them most of the time.

Masterrmind............
Master your Mind then Master your Trades
  • #12,636
  • Jul 23, 2014 12:35am Jul 23, 2014 12:35am
Sorry!!
EU missed for 0.1 pip
http://i58.tinypic.com/5b2wra.jpg
  • #12,637
  • Jul 23, 2014 12:35am Jul 23, 2014 12:35am
Quoting Masterrmind
{quote} That's only part of the reason but as Udine pointed out the fact that Red news was very close by is a good enough reason to hesitate (ie do not trade it) Masterrmind..........
Thank you .

Lrt
"Every battle is won before it's fought."
  • #12,638
  • Jul 23, 2014 12:37am Jul 23, 2014 12:37am
Hi all,

G/J -> -10
When looking to enter are you doing it from the 15M chart or the Hour? Example, on the London open G/J I was watching the 15M and the last 5 out of the last 7 candles where bear so I took the trade. So, when you say look left are you looking back further than the last few candles?
  • #12,639
  • Jul 23, 2014 12:38am Jul 23, 2014 12:38am
GU > TP
  • #12,640
  • Jul 23, 2014 12:38am Jul 23, 2014 12:38am
Quoting angeloarc
Sorry!! EU missed for 0.1 pip {image}
Use the TS!

Lrt
"Every battle is won before it's fought."
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