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As simple as possible: 00 level trading

  • #16,441
  • Aug 21, 2014 8:28am Aug 21, 2014 8:28am
Quoting bubincka
{quote} Moreover if you trade only on EJ, GJ, EU, GU today is almost impossible to find a valid setup to place any order, for both the red news that for lack of strength and direction. At NYO I was going to place a long GJ @ .300. Luckily I didn't, remembering Udine's words according to which before placing an order you must find any reason not to do it. Bottom line: I stay on the sidelines.
You are right!

Using those pairs there were very few setups.....but this is the quiet month and to be expected.

The time you don't watch your screen though is when you miss the best ones.

Trading ..... you have got too love it!

Masterrmind..........
Master your Mind then Master your Trades
  • #16,442
  • Aug 21, 2014 8:32am Aug 21, 2014 8:32am
Good point. Smart decision.
  • #16,443
  • Aug 21, 2014 8:33am Aug 21, 2014 8:33am
Quoting Masterrmind
{quote} ... Trading ..... you have got too love it! ...
Absolutely!
I have shown to some people what I'm doing here all the day and they found it extremely boring.. Even when i was having fun.

Lrt
"Every battle is won before it's fought."
  • #16,444
  • Aug 21, 2014 8:41am Aug 21, 2014 8:41am
USD red news have effect on EJ and GJ? Should I ignore the trades when USD RED news coming?
  • #16,445
  • Aug 21, 2014 8:45am Aug 21, 2014 8:45am
Trade #2 EA TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.08.21_21h38m46s_002_.png Size: 74 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,446
  • Aug 21, 2014 8:48am Aug 21, 2014 8:48am
Quoting leonlee0116
USD red news have effect on EJ and GJ? Should I ignore the trades when USD RED news coming?
Sometimes yes and sometimes no.. The only advice I can give you by my little experience is to put only pendings distant at least 5 pips from the actual price, when reds are coming out. It happened me a lot of times to get triggered in the very few seconds after the news (on non related pairs) because of a fast move and the increasing of spread, and then i went directly to SL. Keep your eyes open on every cross when red news come out.

Just my 2 cents..

Lrt
"Every battle is won before it's fought."
  • #16,447
  • Aug 21, 2014 8:48am Aug 21, 2014 8:48am
Quoting Lrt.Ita
{quote} Absolutely! I have shown to some people what I'm doing here all the day and they found it extremely boring.. Even when i was having fun. Lrt
Some people just don't get it do they........

Masterrmind...........
Master your Mind then Master your Trades
  • #16,448
  • Aug 21, 2014 8:56am Aug 21, 2014 8:56am
AJ +5
Attached Image
My hope has been almost completely shattered, but not completely yet
  • #16,449
  • Aug 21, 2014 8:57am Aug 21, 2014 8:57am
Quoting leonlee0116
USD red news have effect on EJ and GJ? Should I ignore the trades when USD RED news coming?
MM's will use the news as a catalyst to run any pair where they want when they want. IMO, unless your an experienced news trader, be safe and stay on the sidelines and avoid the risk.

Regards,
Cigarguy
Keep It Simple
  • #16,450
  • Aug 21, 2014 9:00am Aug 21, 2014 9:00am
Trade #3 AJ TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.08.21_21h57m27s_004_.png Size: 72 KB


Btw on entry there was still RmUp!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,451
  • Aug 21, 2014 9:09am Aug 21, 2014 9:09am
Quoting Masterrmind
{quote} You are right! Using those pairs there were very few setups.....but this is the quiet month and to be expected. The time you don't watch your screen though is when you miss the best ones. Trading ..... you have got too love it! Masterrmind..........
Right. Just missed to short GJ @ 172.000. It happened so fast and then it went to TP in less than 10 secs...
Porta itineris dicitur longissima esse
  • #16,452
  • Aug 21, 2014 9:11am Aug 21, 2014 9:11am
Trade #4 GJ TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.08.21_22h07m58s_005_.png Size: 71 KB


This was a 12 sec. Trade!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,453
  • Aug 21, 2014 9:14am Aug 21, 2014 9:14am
rocket-Jibala !!!
how did you get to manage it ? It happened all of a sudden...
Porta itineris dicitur longissima esse
  • #16,454
  • Aug 21, 2014 9:21am Aug 21, 2014 9:21am
Quoting bubincka
rocket-Jibala !!! how did you get to manage it ? It happened all of a sudden...
If you just look to the left you can count how many times it tried already to break through. It was a matter of time only and I carefully watched the PsyLevel how it changed. Including a good portion of luck!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,455
  • Edited 10:08am Aug 21, 2014 9:46am | Edited 10:08am
GJ, discretionary counter trend trade +6.2 with bounce from BRN 172.000 (burpees done but got to grab what the charts show and the mkt gives this month)

Note chart below; Resistance became support reducing counter trend trade risk. (5 units on the chart = 5 lots)

Cigarguy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYiM15.png Size: 86 KB
Click to Enlarge Name: GBPJPYiM15 2.png Size: 95 KB
Keep It Simple
  • #16,456
  • Aug 21, 2014 9:48am Aug 21, 2014 9:48am
EJ -11　　EJ +5
Attached Image


COMMENT: The first entry was not good. Lows had been becoming lower. Highs had been becoming lower.
I missed EG.
My hope has been almost completely shattered, but not completely yet
  • #16,457
  • Aug 21, 2014 9:52am Aug 21, 2014 9:52am
Time for rest !

Good luck everyone.

Masterrmind..........
Master your Mind then Master your Trades
  • #16,458
  • Aug 21, 2014 10:02am Aug 21, 2014 10:02am
GJ +5.3
Today +4.3 pips. I'm done because I got tired...
Stay green, guys!
Attached Image

COMMENT: I entered just before the beginning of the new hour. And it TPed before the new hour began...
My hope has been almost completely shattered, but not completely yet
  • #16,459
  • Aug 21, 2014 10:13am Aug 21, 2014 10:13am
Quoting JibalaPasan
Trade #4 GJ TP. {image} This was a 12 sec. Trade! Jibala
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.08.21_22h24m42s_006_.png Size: 16 KB


Should be always like this! Good night everybody.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,460
  • Edited 11:37am Aug 21, 2014 11:16am | Edited 11:37am
Attached Image (click to enlarge)
Click to Enlarge Name: GBP.JPY H1 21.8..png Size: 67 KB
Quoting JibalaPasan
Trade #4 GJ TP. {image} This was a 12 sec. Trade! Jibala
Hi Jibala,

this is my chart of GBP.JPY very different to your chart ????
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