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As simple as possible: 00 level trading

  • #15,181
  • Aug 4, 2014 10:12pm Aug 4, 2014 10:12pm
Hi ChrisGC,

Beware that the 173 lvl is an "order flow" moment on the GEPPY as you can see on the many touches of the current priceline (4H attached).
It can go either way from here. If touching the exponential MA20 on 4H was just a retrace it will go down but it seems to hoover round that 173 a lot just be aware of that. Take the higher timeframes when it really hits an important lvl into account they influence the overall effectiveness of the 00-lvl trading.
Attached Image (click to enlarge)
Click to Enlarge Name: 4H-05AUG2014.JPG Size: 143 KB
  • #15,182
  • Aug 4, 2014 10:45pm Aug 4, 2014 10:45pm
Quoting surf54
Hi ChrisGC, Beware that the 173 lvl is an "order flow" moment on the GEPPY as you can see on the many touches of the current priceline (4H attached). It can go either way from here. If touching the exponential MA20 on 4H was just a retrace it will go down but it seems to hoover round that 173 a lot just be aware of that. Take the higher timeframes when it really hits an important lvl into account they influence the overall effectiveness of the 00-lvl trading. {image}
Thank you surf54 noted.
The problem is not giving offence but taking offence!
  • #15,183
  • Aug 4, 2014 10:59pm Aug 4, 2014 10:59pm
...My pending order on GJ was just triggered at 173.00
  • #15,184
  • Aug 4, 2014 11:44pm Aug 4, 2014 11:44pm
Quoting leonlee0116
...My pending order on GJ was just triggered at 173.00
TP already!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,185
  • Aug 5, 2014 12:06am Aug 5, 2014 12:06am
What a beautiful stoploss
Attached Image
  • #15,186
  • Aug 5, 2014 12:08am Aug 5, 2014 12:08am
the rules which means "distance RN > 10 pips" ?
  • #15,187
  • Aug 5, 2014 12:22am Aug 5, 2014 12:22am
Quoting leonlee0116
What a beautiful stoploss {image}
This I dont understand at all! How you could buy here, it was a very clear short!?

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,188
  • Aug 5, 2014 12:35am Aug 5, 2014 12:35am
GJ +5
Yestarday was very bad day had 2 losses today changed few things today. Seems it is working.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1 5.8.14_1.png Size: 55 KB
  • #15,189
  • Aug 5, 2014 1:17am Aug 5, 2014 1:17am
Leon you need to look at everything , that red candle on the 000 line was almost perfect "pin bar" reversal ... just something to watch for as well as M-candles cheersQ
Whats That? you're trading What?
  • #15,190
  • Edited 1:41am Aug 5, 2014 1:26am | Edited 1:41am
Wish you all green pips today.


leonlee0116 Can I see your chart before the loss?
  • #15,191
  • Aug 5, 2014 1:50am Aug 5, 2014 1:50am
Good morning people!

Yesterday was a really bad trading day for me as i ended up with 3 losses and 7% decrease of my account.

I won't give up though, i don't expect profit this week especially with these markets, but my target is to cover up for my loss.

Green pips to all of you!
  • #15,192
  • Aug 5, 2014 1:53am Aug 5, 2014 1:53am
Quoting Callum
Does anyone know what the ATR setting of the indicator Udine uses to show it - in the little table where he has ADR and ATR side by side? Just been doing some reading on exactly what ATR is, and would like to know if that indi is showing it based on the timeframe of the chart, or is it adjusted to use the daily TF...
That indicator is from here and is not using the traditional definitions of ATR and ADR: http://forum.mql4.com/32047
  • #15,193
  • Aug 5, 2014 1:56am Aug 5, 2014 1:56am
Quoting fx_malloc
{quote} That indicator is from here and is not using the traditional definitions of ATR and ADR: http://forum.mql4.com/32047
Thank you
  • #15,194
  • Aug 5, 2014 1:59am Aug 5, 2014 1:59am
Quoting leonlee0116
What a beautiful stoploss {image}
I don't know if this chart the same time with what jeetvirk post ( post 15,193 ).If this 2 chart from pretty much same time.I don't know why u didn't TP ?
  • #15,195
  • Aug 5, 2014 2:00am Aug 5, 2014 2:00am
Quoting tonyTD
Good morning people! Yesterday was a really bad trading day for me as i ended up with 3 losses and 7% decrease of my account. I won't give up though, i don't expect profit this week especially with these markets, but my target is to cover up for my loss. Green pips to all of you!
Your goal should NEVER be to cover for your losses. You will always have some losing trades, just focus on following the rules and try to keep improving. If you are thinking of past losses and trying recover, it will affect your trading decisions. Forget it! It is past.
  • #15,196
  • Aug 5, 2014 2:07am Aug 5, 2014 2:07am
Order GBP/AUD to sell @1.80500
Quick one before news?

Edit: Triggered
  • #15,197
  • Aug 5, 2014 2:08am Aug 5, 2014 2:08am
Quoting ericjschroed
{quote} Your goal should NEVER be to cover for your losses. You will always have some losing trades, just focus on following the rules and try to keep improving. If you are thinking of past losses and trying recover, it will affect your trading decisions. Forget it! It is past.
That's a really good advise but i've lost a lot of money in the markets so far that's hard to forget.

Sometimes when i watch my equity charts of the past year in a perfect downtrend, i think that every time i took a trading decision if i did exactly the opposite than what i thought, now i would be a millionaire.

Anyone else got pending short on GU and GJ?
  • #15,198
  • Aug 5, 2014 2:09am Aug 5, 2014 2:09am
your trading in all sessions or only in the london ?
  • #15,199
  • Aug 5, 2014 2:10am Aug 5, 2014 2:10am
Quoting Jysticim
Order GBP/AUD to sell @1.80500 Quick one before news?
Guess we'll find out, I'm in too.
  • #15,200
  • Aug 5, 2014 2:13am Aug 5, 2014 2:13am
Quoting tonyTD
{quote} That's a really good advise but i've lost a lot of money in the markets so far that's hard to forget. Sometimes when i watch my equity charts of the past year in a perfect downtrend, i think that every time i took a trading decision if i did exactly the opposite than what i thought, now i would be a millionaire. Anyone else got pending short on GU and GJ?
If you're playing with real money, it's time to switch to demo to give yourself a break and relax and learn!

Gu and Gj both seem to fit the rules, but watch out for upcoming news and remember Udine does not trade in August.
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