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As simple as possible: 00 level trading

  • #14,581
  • Jul 30, 2014 9:19am Jul 30, 2014 9:19am
Quoting Patron
{quote} I have to tell you that oversold or overbought, by themselves do not mean much. But at least it is a warning.
Correct!

It's simply a warning to let you know that you should probably start taking some of those profits off the table!

Price may continue to rise.......go sideways ........... or even reverse........

But it is just a warning.

Masterrmind............
Master your Mind then Master your Trades
  • #14,582
  • Jul 30, 2014 9:21am Jul 30, 2014 9:21am
Quoting bubincka
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) ? {image}

preparing the pending order just before the close of the hour is the only solution

Udine
Sleep less, live fast, as it aint gonna last
  • #14,583
  • Jul 30, 2014 9:26am Jul 30, 2014 9:26am
I see that finally, during my absence, there has been movement, momentum. I hope all of you have taken advantage of.

(I'll look to see if there is anything for me)
Donde hay Patron no manda Marinero
  • #14,584
  • Jul 30, 2014 9:27am Jul 30, 2014 9:27am
Quoting Patron
I see that finally, during my absence, there has been movement, momentum. I hope all of you have taken advantage of.

yup,

thx captain

Udine
Sleep less, live fast, as it aint gonna last
  • #14,585
  • Jul 30, 2014 9:31am Jul 30, 2014 9:31am
Quoting Udine
{quote} preparing the pending order just before the close of the hour is the only solution Udine
Right. Thank you Udine.
Porta itineris dicitur longissima esse
  • #14,586
  • Jul 30, 2014 9:32am Jul 30, 2014 9:32am
Quoting Patron
I see that finally, during my absence, there has been movement, momentum. I hope all of you have taken advantage of. (I'll look to see if there is anything for me)

Damn!You have spent most of the ADR!
Donde hay Patron no manda Marinero
  • #14,587
  • Jul 30, 2014 9:33am Jul 30, 2014 9:33am
Quoting Patron
{quote} Damn!You have spent most of the ADR!
'I'll take a coffee, then.
Donde hay Patron no manda Marinero
  • #14,588
  • Jul 30, 2014 9:36am Jul 30, 2014 9:36am
Quoting Patron
{quote} Damn!You have spent most of the ADR!

small compensation for you eating my paella

Udine
Sleep less, live fast, as it aint gonna last
  • #14,589
  • Jul 30, 2014 9:39am Jul 30, 2014 9:39am
Quoting Udine
{quote} small compensation for you eating my paella Udine
jajaja
Donde hay Patron no manda Marinero
  • #14,590
  • Jul 30, 2014 9:48am Jul 30, 2014 9:48am
Quoting Masterrmind
{quote} Yes I see no point to trade at this stage anyway........ Good call! Masterrmind...........
Agreed.
Many people in this thread already took the money and ran anyway

Inserted Video
  • #14,591
  • Jul 30, 2014 9:51am Jul 30, 2014 9:51am
Quoting flx69
{quote} Agreed. Many people in this thread already took the money and ran anyway http://www.youtube.com/watch?v=QK57LJdg4MU
Uh, uh....
Uuuughrrrrrrrrrrrr
yeahhhhhhh hhhhh

I liked
Donde hay Patron no manda Marinero
  • #14,592
  • Jul 30, 2014 9:57am Jul 30, 2014 9:57am
Quoting flx69
{quote} Agreed. Many people in this thread already took the money and ran anyway http://www.youtube.com/watch?v=QK57LJdg4MU
Yet another great classic song......

Masterrmind............
Master your Mind then Master your Trades
  • #14,593
  • Jul 30, 2014 10:01am Jul 30, 2014 10:01am
Ehm Udine,

What do you reckon when ADRs go really up like in the good olītimes ?
Skip the "first 00 level crossing", as thereīd be bars crossing three or four levels ?
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  • #14,594
  • Jul 30, 2014 10:10am Jul 30, 2014 10:10am
Quoting flx69
Ehm Udine, What do you reckon when ADRs go really up like in the good olītimes ? Skip the "first 00 level crossing", as thereīd be bars crossing three or four levels ? {image}
nope, then we simply increase the TP

Udine
Sleep less, live fast, as it aint gonna last
  • #14,595
  • Jul 30, 2014 10:26am Jul 30, 2014 10:26am
anyone know the reason why my M candle only shows all the previous bars of the day combined..for example when i scroll down to a 5 min chart it does not show the hourly candle???????
  • #14,596
  • Jul 30, 2014 10:28am Jul 30, 2014 10:28am
Quoting pj9999
anyone know the reason why my M candle only shows all the previous bars of the day combined..for example when i scroll down to a 5 min chart it does not show the hourly candle???????
Look at the properties for the M candle. It can be altered manually but will remain constant with changes of timeframe. for instance if it is set to show 1 day then it will always show 1 day regardless of tf changing
  • #14,597
  • Jul 30, 2014 10:28am Jul 30, 2014 10:28am
Quoting pj9999
anyone know the reason why my M candle only shows all the previous bars of the day combined..for example when i scroll down to a 5 min chart it does not show the hourly candle???????

maybe you have to adjust the setting ??????????

Udine
Sleep less, live fast, as it aint gonna last
  • #14,598
  • Jul 30, 2014 10:32am Jul 30, 2014 10:32am
Quoting Patron
{quote} Patterns {image}
Thanks Patron. I'll care more about PA.
My hope has been almost completely shattered, but not completely yet
  • #14,599
  • Edited 10:55am Jul 30, 2014 10:32am | Edited 10:55am
Hi Guys/ Udine,

I have been reading this thread with interest for several weeks now. Thanks for the hard work posting this.

I have loaded WUKAR however I don't get a 'smiley' face. Can anyone suggest why it is?

Many thanks in advance.
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  • #14,600
  • Jul 30, 2014 10:39am Jul 30, 2014 10:39am
After a month of trading with limited objectives I find the AUSD/USD and NZD/USD provide nice steady gains with very little stress. Great job Udine.
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