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As simple as possible: 00 level trading

  • #14,521
  • Jul 30, 2014 7:03am Jul 30, 2014 7:03am
I am EU SHORT @1.3400
  • #14,522
  • Jul 30, 2014 7:09am Jul 30, 2014 7:09am
Quoting Carpathian
I am EU SHORT @1.3400
What about the news?

Masterrmind.............
Master your Mind then Master your Trades
  • #14,523
  • Jul 30, 2014 7:09am Jul 30, 2014 7:09am
Quoting Carpathian
I am EU SHORT @1.3400

why ??

did you look at the left on the chart ??

Udine
Sleep less, live fast, as it aint gonna last
  • #14,524
  • Jul 30, 2014 7:15am Jul 30, 2014 7:15am
Quoting Masterrmind
{quote} What about the news? Masterrmind.............
Forgot about that.
Closed out at BE.
Burpeeees.
  • #14,525
  • Jul 30, 2014 7:16am Jul 30, 2014 7:16am
Quoting Udine
{quote} why ?? did you look at the left on the chart ?? Udine
I saw a downtrend of 36 hours and price closed below the level then came back but weak not being able to get more than 5 pips away from the level.
But anyways as MM pointed out I missed to check the red news.
  • #14,526
  • Jul 30, 2014 7:16am Jul 30, 2014 7:16am
Quoting Udine
{quote} you know my preferences of pairs I trade ?? Udine
That means you use EU ang GU as a trigger to enter EJ anf GJ...but what is the reason for stay out of GU given that its ADR was the same...risky trade..no trend on GJ, close to DO and RN...thanks
  • #14,527
  • Jul 30, 2014 7:17am Jul 30, 2014 7:17am
Trade #4 GU TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.07.30_20h14m29s_013_.png Size: 75 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,528
  • Jul 30, 2014 7:17am Jul 30, 2014 7:17am
Quoting Carpathian
{quote} Forgot about that. Closed out at BE. Burpeeees.
Yes that's good............burpees!

More importantly please check the chart now and you will find it's a low probability trade.

Masterrmind............
Master your Mind then Master your Trades
  • #14,529
  • Jul 30, 2014 7:21am Jul 30, 2014 7:21am
Quoting JibalaPasan
Trade #4 GU TP. {image} Jibala

hmmmm

like to live dangerously ....???

Udine
Sleep less, live fast, as it aint gonna last
  • #14,530
  • Jul 30, 2014 7:21am Jul 30, 2014 7:21am
Quoting Masterrmind
..... check the chart now and you will find it's a low probability trade. Masterrmind............
Why? I can't see...
I mean my point was this: I saw a downtrend of 36 hours and price closed below the level then came back but weak not being able to get more than 5 pips away from the level.
  • #14,531
  • Jul 30, 2014 7:21am Jul 30, 2014 7:21am
Quoting JibalaPasan
Trade #4 GU TP. {image} Jibala
Why did you trade USD with USD red news ?
  • #14,532
  • Jul 30, 2014 7:25am Jul 30, 2014 7:25am
Udine, I know its not possible to put an exact number on it but where would you be hoping ADR's return to to be more suitable for the method? would you be liking to see 80+ ? GJ,EJ and EU over the last 10 days have been 50-60 and its been tough going for anyone (it seems) who is not so experienced....
  • #14,533
  • Jul 30, 2014 7:26am Jul 30, 2014 7:26am
Quoting Carpathian
{quote} Why? I can't see...

it has been P#ssing around the 1.34 level for 4 hours...and its near its 10 week low..

all the reasons not to take a trade

Udine
Sleep less, live fast, as it aint gonna last
  • #14,534
  • Jul 30, 2014 7:26am Jul 30, 2014 7:26am
it's apparent that low ADR is a killer. Today five winning trades don't make up for one loss. In such market conditions even a small TP of 5 pips it's hard to reach.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_TS.jpg Size: 155 KB
Porta itineris dicitur longissima esse
  • #14,535
  • Jul 30, 2014 7:28am Jul 30, 2014 7:28am
Quoting ravitelang
Udine it was earlier in the day..Can you comment on it please {image}
Hi, if I have understood all the rules then you was setting the order on the second 00-level and not on the first 00_lLevel.

first 00_level= 1.69400 right?
  • #14,536
  • Jul 30, 2014 7:29am Jul 30, 2014 7:29am
cadjpy 94.20 buystop.
How do you see that?
  • #14,537
  • Jul 30, 2014 7:29am Jul 30, 2014 7:29am
Quoting Udine
{quote} it has been P#ssing around the 1.34 level for 4 hours...and its near its 10 week low.. all the reasons not to take a trade Udine
OK, thanks...
  • #14,538
  • Jul 30, 2014 7:31am Jul 30, 2014 7:31am
GJ TP +5.4
today -4.7 this week -8
Attached Image
My hope has been almost completely shattered, but not completely yet
  • #14,539
  • Jul 30, 2014 7:31am Jul 30, 2014 7:31am
Quoting flx69
{quote} Why did you trade USD with USD red news ?
I put pending exactly on the end of 6am bar when I saw that move. TP was triggered almost, just some min. later as you can see, but then dropped back. I kept it running (my risk) bcoz. USD has become stronger.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,540
  • Jul 30, 2014 7:33am Jul 30, 2014 7:33am
EJ TP= +5
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH120140730.png Size: 62 KB
Look for reasons not to take a trade.
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