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As simple as possible: 00 level trading

  • #15,101
  • Aug 4, 2014 8:05am Aug 4, 2014 8:05am
Quoting leonlee0116
I cant decide to take this trade because of the open price is too close to 00 level. And it goes up before it went down. Anyone can tell me urs opinion about this trade? {image}
do some more reading...

watch the charts then you know what entries are ..

Udine
Sleep less, live fast, as it aint gonna last
  • #15,102
  • Aug 4, 2014 8:15am Aug 4, 2014 8:15am
Hi Udine,

Did I take this GJ buy @ 172.700 correctly?
Attached Image
  • #15,103
  • Aug 4, 2014 8:17am Aug 4, 2014 8:17am
Quoting Udine
{quote} do some more reading... watch the charts then you know what entries are .. Udine
I was just discover this wonderful strategy last few days. I'm reading old post now but need some times to read all.

Here is my question:
The hour just start and first 15m candle formed, it went down to 1.80600 once and touch my pending order, the indicator show red for H1 and D1.
After pending order trigger it went up. I dont care this trade is going to stoploss or take profit, but, my entry correct for this trade?
Attached Image
  • #15,104
  • Aug 4, 2014 8:19am Aug 4, 2014 8:19am
Quoting Pipotron
Hi Udine, Did I take this GJ buy @ 172.700 correctly? {image}
was it according to the rules ??

Udine
Sleep less, live fast, as it aint gonna last
  • #15,105
  • Aug 4, 2014 8:22am Aug 4, 2014 8:22am
Trade #5

Sold EUR/AUD @ 1.44000 +5. I think this was a right setup.
Up 25 for the day.

Edit: Also sold GBP/AUD @ 1.80600.
Attached Image (click to enlarge)
Click to Enlarge Name: Udine5.png Size: 30 KB
  • #15,106
  • Aug 4, 2014 8:23am Aug 4, 2014 8:23am
Not really a good day to me.
EJ Short at .700 SL
GJ Short at .600 SL
EJ Long at .800 SL

Now I'm having the last trade GU Long at 1.684

Following this tread for so long, I'm an expert to pick the wrong trade now.... T_T

Every trade, the graphs looks sync to me.
Full of confusions

Sorry about full of negative emotions.
I won't give up!

Greens to everyone!
  • #15,107
  • Aug 4, 2014 8:29am Aug 4, 2014 8:29am
Quoting kevinickel
Not really a good day to me. EJ Short at .700 SL GJ Short at .600 SL EJ Long at .800 SL Now I'm having the last trade GU Long at 1.684 Following this tread for so long, I'm an expert to pick the wrong trade now.... T_T Every trade, the graphs looks sync to me. Full of confusions Sorry about full of negative emotions. I won't give up! Greens to everyone!

look at the ADR and ATR of the pairs... its crap... go do something else....

Udine
Sleep less, live fast, as it aint gonna last
  • #15,108
  • Aug 4, 2014 8:36am Aug 4, 2014 8:36am
Quoting kevinickel
Not really a good day to me. EJ Short at .700 SL GJ Short at .600 SL EJ Long at .800 SL Now I'm having the last trade GU Long at 1.684 Following this tread for so long, I'm an expert to pick the wrong trade now.... T_T Every trade, the graphs looks sync to me. Full of confusions Sorry about full of negative emotions. I won't give up! Greens to everyone!
I am the same kevinickel ;(
On my last trade as well for the day: EU short @1.34200 but it is ranging and I am close to my SL....
Live to trade another day!
  • #15,109
  • Aug 4, 2014 8:44am Aug 4, 2014 8:44am
@ Udine

Some suggestions?

Still having a question, what is the biggest losing streak you had? Thanks in advance.
  • #15,110
  • Aug 4, 2014 8:45am Aug 4, 2014 8:45am
Quoting Udine
{quote} look at the ADR and ATR of the pairs... its crap... go do something else.... Udine
Well, I'm just trading mini lot. I think bad market condition still good for learning.

I'm reading this thread every day and still working hard to sort out the bad trade. Don't want to waste a day of learning.

Have a nice vocation. I hope I will improve when you back.
  • #15,111
  • Aug 4, 2014 8:48am Aug 4, 2014 8:48am
Quoting bugyibuci
{quote} I am the same kevinickel ;( On my last trade as well for the day: EU short @1.34200 but it is ranging and I am close to my SL.... Live to trade another day!
Experience gain is more important I reckon.
Tmr is another great day.
  • #15,112
  • Aug 4, 2014 8:50am Aug 4, 2014 8:50am
Quoting Jysticim
Trade #5 Sold EUR/AUD @ 1.44000 +5. I think this was a right setup. Up 25 for the day. Edit: Also sold GBP/AUD @ 1.80600. {image}
same with me. HOPEFULLY GA go to tp
  • #15,113
  • Aug 4, 2014 8:52am Aug 4, 2014 8:52am
Quoting Jysticim
@ Udine Some suggestions? Still having a question, what is the biggest losing streak you had? Thanks in advance.
one day 3 losers...

but guys .. its August, ADR and ATR are crap, so go do something else ... something more usefull

IF there aint nothing to trade... dont trade..

Udine
Sleep less, live fast, as it aint gonna last
  • #15,114
  • Aug 4, 2014 8:53am Aug 4, 2014 8:53am
This pair can be trade or should ignore ?
Attached Image
  • #15,115
  • Aug 4, 2014 8:54am Aug 4, 2014 8:54am
Quoting kevinickel
{quote} Experience gain is more important I reckon. Tmr is another great day.
Indeed!
  • #15,116
  • Aug 4, 2014 8:59am Aug 4, 2014 8:59am
Quoting Udine
{quote} one day 3 losers... but guys .. its August, ADR and ATR are crap, so go do something else ... something more usefull IF there aint nothing to trade... dont trade.. Udine
Like mow the grass or make lunch for Udine to enjoy with your beer!..........

Cigarguy
Keep It Simple
  • #15,117
  • Aug 4, 2014 9:05am Aug 4, 2014 9:05am
Trade #6

Sold GBP/AUD @ 1.80600 +5. It is 16:00 my time and nice weather, done for the day.
Up 30 pips for the day = 15%. Good luck to you all.

And Udine if you only have 3 losers in a row. I recommend to use a much more aggressive MM.
Attached Image (click to enlarge)
Click to Enlarge Name: Udine6.png Size: 34 KB
  • #15,118
  • Aug 4, 2014 9:06am Aug 4, 2014 9:06am
Quoting kevinickel
Not really a good day to me. EJ Short at .700 SL GJ Short at .600 SL EJ Long at .800 SL Now I'm having the last trade GU Long at 1.684 Following this tread for so long, I'm an expert to pick the wrong trade now.... T_T Every trade, the graphs looks sync to me. Full of confusions Sorry about full of negative emotions. I won't give up! Greens to everyone!
GU TS ends up the best trade of the day.
3SL 1TS -33

The worst day since I trade this system.
I hope this is the worst trading day in my life.

For the greens!
Kevin
  • #15,119
  • Aug 4, 2014 9:10am Aug 4, 2014 9:10am
Quoting Udine
{quote} look at the ADR and ATR of the pairs... its crap... go do something else.... Udine
What's so bad in ADR-ATR of GJ? 94-44...Why its not worth to trade?
  • #15,120
  • Aug 4, 2014 9:14am Aug 4, 2014 9:14am
Quoting Jysticim
Trade #6 Sold GBP/AUD @ 1.80600 +5. It is 16:00 my time and nice weather, done for the day. Up 30 pips for the day = 15%. Good luck to you all. And Udine if you only have 3 losers in a row. I recommend to use a much more aggressive MM. {image}
I recommend to use a much more aggressive MM.

Why?

I can live off half the profits of 1 trade per day...

so with 2 winners per day, I am cool

no need to risk my capital...

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