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As simple as possible: 00 level trading

  • #14,501
  • Jul 30, 2014 6:06am Jul 30, 2014 6:06am
Quoting Carpathian
{quote} .... or oversold. It was quite below 30. {image} It is on my list to check RSI as a factor to help pick battles wisely. But I just forgot.........if I had been focused enough to do my own checklist properly I'd have had a reason not to enter.
GU SHORT -10 SL
Attached Image
  • #14,502
  • Jul 30, 2014 6:06am Jul 30, 2014 6:06am
Quoting Masterrmind
{quote} That's up to you but if you are trading that setup it's completely different to what we are trading. All the best with it though..... Masterrmind............
Thats not a setup to trade it's an ADR indicator with customisable no of days to help identify when the ranges start expanding again. I'm trading udines method as closely as anyone here... Part of that is higher ADR it's bad timing and a test of PDF.
  • #14,503
  • Jul 30, 2014 6:06am Jul 30, 2014 6:06am
GBPJPY TS - Missed TP by .3 pip as I had TP set @ 173.254 to include commission.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15_20140730TS.PNG Size: 77 KB

Thank you panamamike for all your help.
The problem is not giving offence but taking offence!
  • #14,504
  • Jul 30, 2014 6:07am Jul 30, 2014 6:07am
GJ to TP....
"Por los pelos"
  • #14,505
  • Jul 30, 2014 6:10am Jul 30, 2014 6:10am
Quoting Callum
{quote} Thats not a setup to trade it's an ADR indicator with customisable no of days to help identify when the ranges start expanding again. I'm trading udines method as closely as anyone here... Part of that is higher ADR it's bad timing and a test of PDF.
Happy to hear that Callum.

When I saw TP and SL levels set at the same ratio (1:1.5) but over much greater pips I was quietly concerned, but not now.

Masterrmind............
Master your Mind then Master your Trades
  • #14,506
  • Jul 30, 2014 6:12am Jul 30, 2014 6:12am
Quoting ravitelang
Udine it was earlier in the day..Can you comment on it please {image}

happens, you cannot win all of the trades..

with these low ADR's I prefer to focus on GJ and EJ

Udine
Sleep less, live fast, as it aint gonna last
  • #14,507
  • Jul 30, 2014 6:12am Jul 30, 2014 6:12am
Quoting ravitelang
Udine it was earlier in the day..Can you comment on it please {image}
The only things, that I can say: "no trend = no trade", "low adr/atr"

but this one works: http://www.forexfactory.com/showthre...01#post7639201 (no trend, close to DO and BRN)

and i see only one additional difference: it's london open
  • #14,508
  • Jul 30, 2014 6:18am Jul 30, 2014 6:18am
Quoting messiahua
{quote} The only things, that I can say: "no trend = no trade", "low adr/atr" but this one works: http://www.forexfactory.com/showthre...01#post7639201 (no trend, close to DO and BRN) and i see only one additional difference: it's london open
very good..

LO open = new money flowing into the market and GU was already down for the day...

Udine
Sleep less, live fast, as it aint gonna last
  • #14,509
  • Jul 30, 2014 6:21am Jul 30, 2014 6:21am
Quoting Udine
several hours have past since London open.. the ATR of today {image} how many times I have told to LOOK FOR REASONS NOT TO TRADE ???? AND HOW MANY OF YOU HAVE ACTUALLY DONE THAT ??? Udine
So, we need ADR t=>30 or more?
  • #14,510
  • Jul 30, 2014 6:26am Jul 30, 2014 6:26am
Quoting Azzych
{quote} So, we need ADR t=>30 or more?

the higher the better...

and if you dont like it dont trade it... sidelines is better than losing money

Udine
Sleep less, live fast, as it aint gonna last
  • #14,511
  • Jul 30, 2014 6:30am Jul 30, 2014 6:30am
Quoting Udine
{quote} happens, you cannot win all of the trades.. with these low ADR's I prefer to focus on GJ and EJ Udine
That is what someone feel after hearing it from expert..decided to concentrate more now
  • #14,512
  • Jul 30, 2014 6:31am Jul 30, 2014 6:31am
Quoting Udine
{quote} the higher the better... and if you dont like it dont trade it... sidelines is better than losing money Udine
This I have already understood. All week minus 1 - 2% per day
  • #14,513
  • Jul 30, 2014 6:34am Jul 30, 2014 6:34am
Quoting Udine
{quote} very good.. LO open = new money flowing into the market and GU was already down for the day... Udine
Hi Udine, how to check strength of a currency pair in a day. Thanks.
  • #14,514
  • Jul 30, 2014 6:35am Jul 30, 2014 6:35am
Quoting ravitelang
{quote} That is what someone feel after hearing it from expert..decided to concentrate more now

it was already in post 1

Udine
Sleep less, live fast, as it aint gonna last
  • #14,515
  • Jul 30, 2014 6:36am Jul 30, 2014 6:36am
Quoting Azzych
{quote} This I have already understood. All week minus 1 - 2% per day

dont worry, keep at it...

this market is very difficult now....

be patient.. september will be better..

PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #14,516
  • Jul 30, 2014 6:37am Jul 30, 2014 6:37am
Quoting Udine
{quote} happens, you cannot win all of the trades.. with these low ADR's I prefer to focus on GJ and EJ Udine
Hi, but GU ADR is not less than EJ...and why didnt you take LO on GU?
  • #14,517
  • Jul 30, 2014 6:42am Jul 30, 2014 6:42am
Today's London session looks like different from usual doesn't it?
I don't have much experience on yen cross though.
There are no sync between JPY pairs and USD pairs at all.
Attached Image (click to enlarge)
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  • #14,518
  • Jul 30, 2014 6:46am Jul 30, 2014 6:46am
from lo

gj -10
gu -10
au +5
  • #14,519
  • Jul 30, 2014 6:48am Jul 30, 2014 6:48am
Quoting sada69
Today's London session looks like different from usual doesn't it? I don't have much experience on yen cross though. There are no sync between JPY pairs and USD pairs at all. {image}
i wouldnt overanalyse it, every day is different when it comes to synchronicity ...the only thing difference to other days is the low volatility
  • #14,520
  • Jul 30, 2014 6:51am Jul 30, 2014 6:51am
Quoting Fenderman
{quote} Hi, but GU ADR is not less than EJ...and why didnt you take LO on GU?

you know my preferences of pairs I trade ??

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