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As simple as possible: 00 level trading

  • #13,361
  • Jul 25, 2014 2:44am Jul 25, 2014 2:44am
i think GJ and EJ ? udine whats the other 2 pairs ?
  • #13,362
  • Jul 25, 2014 2:46am Jul 25, 2014 2:46am
There's nothing to say about the GJ trade in my opinion..
It was a good trade and it was according to the rules.
It just went bad as LO wasn't strong enough on GBP (and on EUR as you can see from the chart) to contrast the JPY price changes due to the closing of Tokyo.
It's not a news that in those weeks european markets are really weak..

Reason why I was with half lot size, the risk is higher..

Just my opinion.

Lrt
"Every battle is won before it's fought."
  • #13,363
  • Jul 25, 2014 2:47am Jul 25, 2014 2:47am
took stap at gu at the LO open with panic finger..
BE out..
Attached Image
Passion, Persist, Patience, Protect
  • #13,364
  • Jul 25, 2014 2:49am Jul 25, 2014 2:49am
Quoting Lrt.Ita
There's nothing to say about the GJ trade in my opinion.. It was a good trade and it was according to the rules. It just went bad as LO wasn't strong enough on GBP (and on EUR as you can see from the chart) to contrast the JPY price changes due to the closing of Tokyo. It's not a news that in those weeks european markets are really weak.. Reason why I was with half lot size, the risk is higher.. Just my opinion. Lrt

everything was fine with that setup as you mentioned..
however I did not take it bcz of the structure to the left.. recent range..

sometimes taking such things under consideration helps especially with upcoming red news at hand..
Passion, Persist, Patience, Protect
  • #13,365
  • Jul 25, 2014 2:50am Jul 25, 2014 2:50am
Quoting Lrt.Ita
There's nothing to say about the GJ trade in my opinion.. It was a good trade and it was according to the rules. It just went bad as LO wasn't strong enough on GBP (and on EUR as you can see from the chart) to contrast the JPY price changes due to the closing of Tokyo. It's not a news that in those weeks european markets are really weak.. Reason why I was with half lot size, the risk is higher.. Just my opinion. Lrt

are you sure...

the previous 2 hours it could not break the .800..

Edit: and since Tokyo open in a very tight range

no real direction = no trend... let the market show its hand first

Udine
Sleep less, live fast, as it aint gonna last
  • #13,366
  • Jul 25, 2014 2:54am Jul 25, 2014 2:54am
Quoting Udine
no trades for me so far... all pissing around the DO.. and red news all over the place.. Patience is a virtue I only need 2 trades.. no rush Udine
Sounds like excellent advice....hope they listen!...........as if ......... that would be far too easy!

Done for the day and nothing cooking at the moment but am sitting on 1 trade (a risky one as others would say!)

Sniper time I'm afraid but that's what makes this so much fun....... getting that TP .........

Masterrmind...........
Master your Mind then Master your Trades
  • #13,367
  • Jul 25, 2014 2:55am Jul 25, 2014 2:55am
Holding from yesterday EU > TS

EJ > TS
Attached Image (click to enlarge)
Click to Enlarge Name: 140725 Udine.png Size: 44 KB
  • #13,368
  • Jul 25, 2014 2:57am Jul 25, 2014 2:57am
Quoting FXEmpire
{quote} everything was fine with that setup as you mentioned.. however I did not take it bcz of the structure to the left.. recent range.. sometimes taking such things under consideration helps especially with upcoming red news at hand..
hi
pls can u tell me the thread to download WUKAR_WB_TRAIL_ latest version
thanks
  • #13,369
  • Jul 25, 2014 2:57am Jul 25, 2014 2:57am
Quoting Udine
{quote} are you sure... the previous 2 hours it could not break the .800.. no real direction = no trend... let the market show its hand first Udine

but Udine, the previous 2 hours are different ...this hour is LONDON OPEN, more volume, new money...
  • #13,370
  • Jul 25, 2014 2:58am Jul 25, 2014 2:58am
Quoting s3k
{quote} hi pls can u tell me the thread to download WUKAR_WB_TRAIL_ latest version thanks

u atta be kidding me..

out of all the people here you got to ask the me who does not uses EA and does everything manually..

and let me see.. which thread!!! ummmmm... that would be this thread.. your on it baby..
good god..
Passion, Persist, Patience, Protect
  • #13,371
  • Jul 25, 2014 2:59am Jul 25, 2014 2:59am
Buenos días familia,

Patience is a virtue.

No trades whatsoever until 11h00 European time, so time for a coffee.

flx69
  • #13,372
  • Jul 25, 2014 2:59am Jul 25, 2014 2:59am
I expected LO to be stronger than FF and the hour before, just because it is LO.
Yesterday NY broke that level 3 times, and broke it also 2 days ago.
I saw support there but I thought it was a weak one.
Well, -10 pips by now. Must wait a lot..
Another lesson learned!

Lrt
"Every battle is won before it's fought."
  • #13,373
  • Jul 25, 2014 3:00am Jul 25, 2014 3:00am
Quoting s3k
{quote} hi pls can u tell me the thread to download WUKAR_WB_TRAIL_ latest version thanks
http://www.forexfactory.com/showthre...73#post7629773
  • #13,374
  • Jul 25, 2014 3:04am Jul 25, 2014 3:04am
Good Morning. Let's see store for us the news. And what range leave us.
Donde hay Patron no manda Marinero
  • #13,375
  • Jul 25, 2014 3:04am Jul 25, 2014 3:04am
Quoting NewToForex14
{quote} but Udine, the previous 2 hours are different ...this hour is LONDON OPEN, more volume, new money...

no direction = no trend = no trade = simple

Udine
Sleep less, live fast, as it aint gonna last
  • #13,376
  • Jul 25, 2014 3:05am Jul 25, 2014 3:05am
Hi Undine plz can u tll me the secret to this method how fast % will it take to be rich plz send me teh magic EA i dnt have time engh to read the thread bcz im going to be rich soon.

"Every battle is won before it's fought."
  • #13,377
  • Jul 25, 2014 3:08am Jul 25, 2014 3:08am
My Today Trades:

GU = TP
GJ = SL

GoodLuck Guys
  • #13,378
  • Jul 25, 2014 3:09am Jul 25, 2014 3:09am
mrTD ... I think there might be a problem with the WUKAR_News display?
Attached Image (click to enlarge)
Click to Enlarge Name: news_mrtd.JPG Size: 92 KB
The problem is not giving offence but taking offence!
  • #13,379
  • Jul 25, 2014 3:10am Jul 25, 2014 3:10am
Quoting Lrt.Ita
I expected LO to be stronger than FF and the hour before, just because it is LO. Yesterday NY broke that level 3 times, and broke it also 2 days ago. I saw support there but I thought it was a weak one. Well, -10 pips by now. Must wait a lot.. Another lesson learned! Lrt
Lrt... you are right, but if we start analyzing that deep, going back that far and start looking for the reasons for ''not to take the trade'' , we might never take one, never...
  • #13,380
  • Jul 25, 2014 3:12am Jul 25, 2014 3:12am
Quoting Lrt.Ita
I expected LO to be stronger than FF and the hour before, just because it is LO. Yesterday NY broke that level 3 times, and broke it also 2 days ago. I saw support there but I thought it was a weak one. Well, -10 pips by now. Must wait a lot.. Another lesson learned! Lrt

lrt.. that level has not been broken firmly since last Friday.. for most part the slight break has been nothing but a failure reaction.. multiple times this week..
with that fact, but just looking at yesterdays gj range.. till anything significant shown from this pair it's not the best to be traded on the edge of a red news..
Passion, Persist, Patience, Protect
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