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As simple as possible: 00 level trading

  • #14,401
  • Jul 30, 2014 12:32am Jul 30, 2014 12:32am
Quoting panamamike
{quote} I posted the exact same thing via a vis what I do in trading this system several weeks ago. I even sent what I do to the guy who was ranting all day two days ago. His response was he doesn't like indicators etc. I have said all along Imwoukd not trade this system without a strength meter to pick the correct pairs to focus on each hour. I use the same thing in my 1 minute scalping system. It cuts down the losses big time....IF you have the discipline to wait for the trades.
thx...big step for me knowing this
  • #14,402
  • Jul 30, 2014 12:32am Jul 30, 2014 12:32am
GBPJPY tp
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy tp.PNG Size: 101 KB
Donde hay Patron no manda Marinero
  • #14,403
  • Jul 30, 2014 12:40am Jul 30, 2014 12:40am
Hi Udine
Seeing as no else picked up on your post re raising TP when ADR's return to normal or get bigger can I assume you have done the research on that? Where do you see TP of 5 going to?
  • #14,404
  • Jul 30, 2014 12:40am Jul 30, 2014 12:40am
Quoting Udine
GJ to TP only reason to take is was because the GU was already down for the day Udine {image}
as usual you got right, it needs al lot of experience and clinical eye to take this one I was tempted but fear prevailed for the RN and proximity to the DO line, bottom line: 5 pips lost
Porta itineris dicitur longissima esse
  • #14,405
  • Jul 30, 2014 12:43am Jul 30, 2014 12:43am
Quoting Udine
GJ to TP only reason to take is was because the GU was already down for the day Udine {image}
Yep, The guru's trading.

Outcome is not important at all, but correct technique is what only matters
  • #14,406
  • Jul 30, 2014 12:43am Jul 30, 2014 12:43am
Quoting Udine
GJ to TP only reason to take is was because the GU was already down for the day Udine {image}
no doubt, if not opening day of
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYhM15.jpg Size: 249 KB
  • #14,407
  • Jul 30, 2014 12:46am Jul 30, 2014 12:46am
Quoting Udine
GJ to TP only reason to take is was because the GU was already down for the day Udine {image}
How to know strength of a currency in a day? Thanks.
  • #14,408
  • Jul 30, 2014 12:46am Jul 30, 2014 12:46am
Quoting Udine
GJ to TP only reason to take is was because the GU was already down for the day Udine {image}
Hello, Udine

Why didnt you take GU in this case?
  • #14,409
  • Jul 30, 2014 12:51am Jul 30, 2014 12:51am
Quoting Udine
{quote} I wont... when the volatility and ADR's go back up I will adjust the TP (up), but I wont go down.. Udine
Ok, thanks, it's just that as the market looks now, for the EU to move 5 pips you almost need a long term strategy to get some crumbs, if any...
  • #14,410
  • Jul 30, 2014 12:51am Jul 30, 2014 12:51am
Quoting silversurfer
Hi Udine Seeing as no else picked up on your post re raising TP when ADR's return to normal or get bigger can I assume you have done the research on that? Where do you see TP of 5 going to?


amazing I was waiting for the question....

seems your the only one awake this morning

Tp will in steps go to 10
maybe even 2 tp levels... time will tell

Udine
Sleep less, live fast, as it aint gonna last
  • #14,411
  • Jul 30, 2014 12:52am Jul 30, 2014 12:52am
Quoting Go5
{quote} Ok, thanks, it's just that as the market looks now, for the EU to move 5 pips you almost need a long term strategy to get some crumbs, if any...

simple solution... dont trade the EU...

Udine
Sleep less, live fast, as it aint gonna last
  • #14,412
  • Jul 30, 2014 12:55am Jul 30, 2014 12:55am
GU short 1.69300. Should I have not taken this as it had just passed through 400?
  • #14,413
  • Jul 30, 2014 1:02am Jul 30, 2014 1:02am
Quoting Udine
{quote} amazing I was waiting for the question.... seems your the only one awake this morning Tp will in steps go to 10 maybe even 2 tp levels... time will tell Udine
Just patiently waiting
Look for reasons not to take a trade.
  • #14,414
  • Jul 30, 2014 1:08am Jul 30, 2014 1:08am
Quoting Udine
{quote} amazing I was waiting for the question.... seems your the only one awake this morning Tp will in steps go to 10 maybe even 2 tp levels... time will tell Udine
Hi Udine,
from your experience, what would be a good SL and TS level if ever the markets start to allow a good ADR for a 10 pip trade?
Thanks in advance.
  • #14,415
  • Jul 30, 2014 1:29am Jul 30, 2014 1:29am
Good Morning,
I am GU SHORT @1.6930
  • #14,416
  • Jul 30, 2014 1:30am Jul 30, 2014 1:30am
I look for long GBPCHF. Carefully. Beware the spread. Has risk. No newbies.
Donde hay Patron no manda Marinero
  • #14,417
  • Jul 30, 2014 1:31am Jul 30, 2014 1:31am
Tough trading I see...........to be expected

Sniper time.........

Masterrmind............
Master your Mind then Master your Trades
  • #14,418
  • Jul 30, 2014 1:32am Jul 30, 2014 1:32am
Quoting Masterrmind
Tough trading I see...........to be expected Sniper time......... Masterrmind............
Hello Master. I had not seen you yet this morning.
Donde hay Patron no manda Marinero
  • #14,419
  • Jul 30, 2014 1:34am Jul 30, 2014 1:34am
Buenos días familia,

Patron, whilst things are so slow, what´s on the menu for today ?

flx69
  • #14,420
  • Jul 30, 2014 1:34am Jul 30, 2014 1:34am
Quoting whitetrading
{quote} Hi Udine, from your experience, what would be a good SL and TS level if ever the markets start to allow a good ADR for a 10 pip trade? Thanks in advance.

the same as now

Udine
Sleep less, live fast, as it aint gonna last
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