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As simple as possible: 00 level trading

  • #14,561
  • Jul 30, 2014 8:23am Jul 30, 2014 8:23am
Didn't take EJ because of the 4H Pin bar. EJ just blasted through that.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH120140730_1.png Size: 84 KB
Look for reasons not to take a trade.
  • #14,562
  • Jul 30, 2014 8:30am Jul 30, 2014 8:30am
GU TP +6.6pips
I forgot set EA, burpee (^^)
  • #14,563
  • Jul 30, 2014 8:36am Jul 30, 2014 8:36am
Quoting Udine
Done for the day EJ to TP Udine {image}
I'm happy to be done for the day too!

I think it's a good time to call it a day...at least for me anyway.

Good Luck to All remaining traders...........

Masterrmind............
Master your Mind then Master your Trades
  • #14,564
  • Jul 30, 2014 8:38am Jul 30, 2014 8:38am
Quoting Masterrmind
{quote} I'm happy to be done for the day too! I think it's a good time to call it a day...at least for me anyway. Good Luck to All remaining traders........... Masterrmind............

all ADR's have been reached on the EU/EJ/GJ/GU so for me also...

Udine
Sleep less, live fast, as it aint gonna last
  • #14,565
  • Jul 30, 2014 8:47am Jul 30, 2014 8:47am
There is still a little space on GA, NJ and NU. But I am done too! A real hard working day.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,566
  • Jul 30, 2014 8:49am Jul 30, 2014 8:49am
I chosed to not trade as i saw the news and so i did, btw it is nice to see some action on the charts two days consecutively after this long sleep of the prices.
Hope there will be more sessions like yesterday and today.

Lrt
"Every battle is won before it's fought."
  • #14,567
  • Jul 30, 2014 8:50am Jul 30, 2014 8:50am
1 trade today = +5
See you guys tomorrow.
Alec
Look for reasons not to take a trade.
  • #14,568
  • Jul 30, 2014 8:51am Jul 30, 2014 8:51am
Quoting Udine
{quote} call me when ready Udine
Oh. Sorry, I read the post, later.
Donde hay Patron no manda Marinero
  • #14,569
  • Jul 30, 2014 8:52am Jul 30, 2014 8:52am
Quoting Lrt.Ita
I chosed to not trade as i saw the news and so i did, btw it is nice to see some action on the charts two days consecutively after this long sleep of the prices. Hope there will be more sessions like yesterday and today. Lrt

good thinking... better safe than sorry... there will be other days..

Udine
Sleep less, live fast, as it aint gonna last
  • #14,570
  • Jul 30, 2014 8:53am Jul 30, 2014 8:53am
Quoting Patron
{quote} Oh. Sorry, I read the post, later.
I assume you emptied the pan completely....

Udine
Sleep less, live fast, as it aint gonna last
  • #14,571
  • Jul 30, 2014 8:53am Jul 30, 2014 8:53am
Quoting overseaz
1 trade today = +5 See you guys tomorrow. Alec

well done..

1% a day keeps the creditors away

Udine
Sleep less, live fast, as it aint gonna last
  • #14,572
  • Jul 30, 2014 8:54am Jul 30, 2014 8:54am
Quoting JibalaPasan
There is still a little space on GA, NJ and NU. But I am done too! A real hard working day. {image} Jibala

nice dashboard

Udine
Sleep less, live fast, as it aint gonna last
  • #14,573
  • Jul 30, 2014 8:56am Jul 30, 2014 8:56am
Quoting billko1977
{quote} Patron, Thank you for this.... I took this short also. Usd was very strong against the GBP at the time and i thought it was a good trade. I was in a hurry and never checked the volume or saw that it was close to Daily lows from june. I still was not sure what went wrong until your post. so Thank you for teaching me this morning. EDIT: And i should know better...
Thanks for your kind words. I also liked your post
http://www.forexfactory.com/showthre...11#post7638711
Donde hay Patron no manda Marinero
  • #14,574
  • Jul 30, 2014 8:58am Jul 30, 2014 8:58am
Quoting Udine
{quote} well done.. 1% a day keeps the creditors away Udine
Absolutely!
Look for reasons not to take a trade.
  • #14,575
  • Jul 30, 2014 8:59am Jul 30, 2014 8:59am
Quoting JibalaPasan
{quote} Please keep my plate warm, its almost time for dinner here! Jibala
It is something more than a bowl of rice in the kitchen. When you want, you go and serve.
Donde hay Patron no manda Marinero
  • #14,576
  • Jul 30, 2014 9:05am Jul 30, 2014 9:05am
Quoting Udine
{quote} nice dashboard Udine
Tnx a lot, Udine, all credits to the developer!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,577
  • Jul 30, 2014 9:09am Jul 30, 2014 9:09am
Quoting Patron
{quote} It is something more than a bowl of rice in the kitchen. When you want, you go and serve.
Many tnx for your generous offer, but I am done already. Had my diner 1h ago. Just bread with saussage and cheese.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,578
  • Jul 30, 2014 9:14am Jul 30, 2014 9:14am
Quoting Udine
{quote} all ADR's have been reached on the EU/EJ/GJ/GU so for me also... Udine
Yes I see no point to trade at this stage anyway........

Good call!

Masterrmind...........
Master your Mind then Master your Trades
  • #14,579
  • Jul 30, 2014 9:15am Jul 30, 2014 9:15am
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. It's only that now I am still sitting in this GU SHORT is that I put SL couple pips on the other side of 00 lvl. Nevertheless that is not someting to take as advice cos in the long term that may not help when looking at your R/R. It is just how I do it so I am still on. The point here is if I am focused enough to do my own checklist properly I'd have had a reason not to enter.
I have to tell you that oversold or overbought, by themselves do not mean much. But at least it is a warning.
Donde hay Patron no manda Marinero
  • #14,580
  • Jul 30, 2014 9:16am Jul 30, 2014 9:16am
There are also trades very difficult to catch. Consider this just gone on GA. After the new hour, in less then 30 secs, the price was already above 1.81000 preventing you from entering the trade. And then it went quickly to TP. How do you catch trades like this (without an EA) ?
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Porta itineris dicitur longissima esse
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