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As simple as possible: 00 level trading

  • #13,041
  • Jul 24, 2014 4:19am Jul 24, 2014 4:19am
Quoting flx69
{quote} Mmm, violation of at least 2, if not 3 rules Jibala. Second 00-level crossing, ADR maxed out and RmUp in red. What "signal" are you referring to ? flx69

oh good, i wasn't the only one thinking that! lol
  • #13,042
  • Jul 24, 2014 4:20am Jul 24, 2014 4:20am
trade #2...GC short TP

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  • #13,043
  • Jul 24, 2014 4:20am Jul 24, 2014 4:20am
Quoting Udine
{quote} ... these rules are the basics, then you have to stack the odds into your favor.. try to find the lowest risk entries possible, with the highest probability of profit... and you only need two of those per day cheers Udine
Perfectly said
Look for reasons not to take a trade.
  • #13,044
  • Jul 24, 2014 4:22am Jul 24, 2014 4:22am
Quoting Udine
{quote} lol, now you are making us curious Udine
btw udine did you hear, the 670 update of mt4 on ic markets means it will be introducing mt4's own vps cloud service to run all our indicators/ea's next to the broker's server; apparently it only takes 5 steps to do so and is a lot easier and seamless than traditional vps service, this way we won't be affected by loss of internet or power and have speed on our side.
  • #13,045
  • Jul 24, 2014 4:24am Jul 24, 2014 4:24am
Quoting Udine
{quote} lol, now you are making us curious Udine
Seeeecret indi. I cannot tell anything but its name: iAron. Took many sleepless nights to find the rite name...
No actually, whenever I am upgrading it a bit it gives me the sensation I'll be trading better. Then comes the coldsplash, ha-ha.
  • #13,046
  • Jul 24, 2014 4:25am Jul 24, 2014 4:25am
Quoting panamamike
trade #2...GC short TP {image}
nice!...i saw it too but still stick to "conservative pair" GJ and EJ till acct. is doubled
  • #13,047
  • Jul 24, 2014 4:29am Jul 24, 2014 4:29am
Quoting flx69
{quote} Mmm, violation of at least 2, if not 3 rules Jibala. Second 00-level crossing, ADR maxed out and RmUp in red. What "signal" are you referring to ? flx69
I am sure there was still RmUp when I set (and forget) my pending order! My mentor said "no signal if there is no more RmUp / RmDn so dont be worried about this anymore."

My mentor is coding special tools for trading. This is one of the tools which gives me accurate signals for buy / sell.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #13,048
  • Jul 24, 2014 4:30am Jul 24, 2014 4:30am
Quoting Carpathian
{quote} Seeeecret indi. I cannot tell anything but its name: iAron. Took many sleepless nights to find the rite name... No actually, whenever I am upgrading it a bit it gives me the sensation I'll be trading better. Then comes the coldsplash, ha-ha.

just joking buddy...

keep it to yourself and good luck with it..

Udine
Sleep less, live fast, as it aint gonna last
  • #13,049
  • Jul 24, 2014 4:35am Jul 24, 2014 4:35am
At this time I am not seeing much reason to continue looking for trades on the standard 4 pairs today. (EU, EJ, GU, GJ)

This is my .02:

Both the E pairs need to return and pass through the DO again to become tradeable which is unlikely to happen in the next 2 hours at which time the USD news interferes.
GU has hit a big resistance level at 1.7 so I wont be trading that until its made a decision to go through or become bearish. Perhaps we will get some nice bounces off resistance but a 10-15 pip ranging retrace is more likely for some time.
GJ is in a pennant formation with no indication as to which way it will break out. With the GU resistance I am expecting GJ to become ranging too.

Any thoughts anyone??
  • #13,050
  • Jul 24, 2014 4:37am Jul 24, 2014 4:37am
Quoting Udine
{quote} just joking buddy... keep it to yourself and good luck with it.. Udine
Got that But as a (ex-)programmer you know my secret dream is everyone would want it one time...
  • #13,051
  • Jul 24, 2014 4:37am Jul 24, 2014 4:37am
Quoting JibalaPasan
{quote} I am sure there was still RmUp when I set (and forget) my pending order! My mentor said "no signal if there is no more RmUp / RmDn so dont be worried about this anymore." My mentor is coding special tools for trading. This is one of the tools which gives me accurate signals for buy / sell. Jibala
i am understanding your mentor right: he gives RmUp/RmDn no importance?
  • #13,052
  • Jul 24, 2014 4:43am Jul 24, 2014 4:43am
Quoting sj9bp20
At this time I am not seeing much reason to continue looking for trades on the standard 4 pairs today. (EU, EJ, GU, GJ) This is my .02: Both the E pairs need to return and pass through the DO again to become tradeable which is unlikely to happen in the next 2 hours at which time the USD news interferes. GU has hit a big resistance level at 1.7 so I wont be trading that until its made a decision to go through or become bearish. Perhaps we will get some nice bounces off resistance but a 10-15 pip ranging retrace is more likely for some time. GJ is...
well, if EJ turnes south again and changes trend, dropes through the DO...the ADR will also come down for a moment and we could have a short trade chance.
  • #13,053
  • Jul 24, 2014 4:45am Jul 24, 2014 4:45am
Quoting yag
{quote} i am understanding your mentor right: he gives RmUp/RmDn no importance?
Wrong! The RmUp / RmDn is fully implemented in the frontend and shows exactly the same number what the charts does. But it does not generate a signal anymore if there is no more space for RmUp / RmDn.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #13,054
  • Jul 24, 2014 4:48am Jul 24, 2014 4:48am
Ciao, dear Udinicers. I'm going to cook a great paella, seafood.
Attached Image
Donde hay Patron no manda Marinero
  • #13,055
  • Jul 24, 2014 4:48am Jul 24, 2014 4:48am
Quoting JibalaPasan
{quote} Wrong! The RmUp / RmDn is fully implemented in the frontend and shows exactly the same number what the charts does. But it does not generate a signal anymore if there is no more space for RmUp / RmDn. Jibala
ah ok, now i understand...thx for explanation
  • #13,056
  • Jul 24, 2014 4:49am Jul 24, 2014 4:49am
Quoting sj9bp20
At this time I am not seeing much reason to continue looking for trades on the standard 4 pairs today.........Any thoughts anyone??
GJ I would not rule out, if closes above .800 this hour it could work, GU/GJ in sync, however I see UJ is up (ie. not in sync w/ GU).
  • #13,057
  • Jul 24, 2014 4:50am Jul 24, 2014 4:50am
Quoting Patron
Ciao, dear Udinicers. I'm going to cook a great paella, seafood. {image}

I' ll be right over....

Udine
Sleep less, live fast, as it aint gonna last
  • #13,058
  • Jul 24, 2014 4:52am Jul 24, 2014 4:52am
IF EVER IN DOUBT READ POST 1.......... STUDY and IMPLEMENT ....SIMPLE AS
Whats That? you're trading What?
  • #13,059
  • Jul 24, 2014 4:55am Jul 24, 2014 4:55am
Quoting JibalaPasan
Yesterday someone asked my "old" charts. Here we go! {image} Jibala

guilty.. lol

good girl.. my charm should win over soon, lol..
Passion, Persist, Patience, Protect
  • #13,060
  • Jul 24, 2014 4:57am Jul 24, 2014 4:57am
Quoting panamamike
trade #2...GC short TP {image}

trying to understand your reason, was it due to synced momentum in all CAD pairs?
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