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As simple as possible: 00 level trading

  • #16,601
  • Aug 25, 2014 3:02am Aug 25, 2014 3:02am
Hello Folks,
I think Udine would ask what are you up to on a morning when it is UK bank holiday that makes a LO nothing more just another hour in the day as no fresh money is likely to come in.
Áron
  • #16,602
  • Aug 25, 2014 3:08am Aug 25, 2014 3:08am
Quoting JibalaPasan
{quote} Be careful with EU, USD not yet strong enough! Plus "red NEWS". Jibala
thanks for noting about red news. Again mised it, becouse myfxbook doesnt clasify it as red
closed the order with minimal profit. I see, that it would have hit TP, however, i want to learn to stick to the rules.
  • #16,603
  • Aug 25, 2014 3:08am Aug 25, 2014 3:08am
Here it came the SL, as I was expecting. Now on I will close manually the trades that turn against me as I understand it from the strenght meter.

Lrt
Attached Image
"Every battle is won before it's fought."
  • #16,604
  • Aug 25, 2014 3:14am Aug 25, 2014 3:14am
A provocative question to the guru of the strategy (Udine, Mastermind, Jibala, Easygoing ... etc) to liven up a bit the thread, since the market is at a standstill: do you take any losses sometimes ?
Porta itineris dicitur longissima esse
  • #16,605
  • Aug 25, 2014 3:17am Aug 25, 2014 3:17am
Quoting JibalaPasan
Hello everybody! Let's rock the market. Trade #1 EA & #2 UC TP. {image} {image} What a fantastic start into the new week! Jibala
Hi Jibala,

Shouldn't you have entered EA the first 00 @ 141.700?
Persistence will get it. Consistency will keep it.
  • #16,606
  • Aug 25, 2014 3:21am Aug 25, 2014 3:21am
Quoting modeco
{quote} thanks for noting about red news. Again mised it, becouse myfxbook doesnt clasify it as red closed the order with minimal profit. I see, that it would have hit TP, however, i want to learn to stick to the rules.
Of the three calendars I look at, only FF has it as red.
  • #16,607
  • Aug 25, 2014 3:25am Aug 25, 2014 3:25am
Quoting Lrt.Ita
Here it came the SL, as I was expecting. Now on I will close manually the trades that turn against me as I understand it from the strenght meter. Lrt {image}
PA-wise it wasn't very wise as previous hour was a doji with a long(er) upper wick indicating selling pressure at the top of a wave. Also in an uptrend like that you may want to wait for some retrace then enter on a renewing upward momo if possible.
Nevertheless I admit in retrospect it is easy to find reasons why not take one but hard to select one to take with a better probability.
  • #16,608
  • Aug 25, 2014 3:25am Aug 25, 2014 3:25am
Why does the panels overlap ? can someone help me ?
Attached Image
  • #16,609
  • Aug 25, 2014 3:26am Aug 25, 2014 3:26am
Quoting Meta1
Here is it {file}
Thanks bro
  • #16,610
  • Aug 25, 2014 3:27am Aug 25, 2014 3:27am
Quoting Carpathian
Hello Folks, I think Udine would ask what are you up to on a morning when it is UK bank holiday that makes a LO nothing more just another hour in the day as no fresh money is likely to come in. Áron
Hey Carpathian,
you are absolutely right, I didn't notice that :-( I was more focusing in the Red News (Without paying attention to the grey ones).
Anyway beside the bank holidays and the absence of fresh money my buy order GU @700 was successful and I've got my +5 pips

Stay green ;
BilboFX
  • #16,611
  • Aug 25, 2014 3:35am Aug 25, 2014 3:35am
Quoting Carpathian
{quote} PA-wise it wasn't very wise as previous hour was a doji with a long(er) upper wick indicating selling pressure at the top of a wave. Also in an uptrend like that you may want to wait for some retrace then enter on a renewing upward momo if possible. Nevertheless I admit in retrospect it is easy to find reasons why not take one but hard to select one to take with a better probability.
Technically, if I'm not wrong, analyzing the candlesticks i see an up hammer, that generally indicates uptrending strenght, followed by doji-like candle that should indicate some uncertainty.
I looked at the hammer, and what I saw was a "strong" uptrending that tried to retrace, failed, and then went ahead in his direction.
Currency meter was by my side and psylevels dashboard was also.
Looks like the pair was influenced by the upcoming news, that was unpredictable i suppose..
Other suggestions?

Lrt
"Every battle is won before it's fought."
  • #16,612
  • Aug 25, 2014 3:45am Aug 25, 2014 3:45am
Quoting Chake
{quote} Hi Jibala, Shouldn't you have entered EA the first 00 @ 141.700?
Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.08.25_16h41m21s_004_.png Size: 16 KB


Hope it will make my decision a bit more clear.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,613
  • Aug 25, 2014 3:56am Aug 25, 2014 3:56am
Quoting JibalaPasan
{quote} {image} Hope it will make my decision a bit more clear. Jibala
Yes very clear, thanks.
Persistence will get it. Consistency will keep it.
  • #16,614
  • Aug 25, 2014 4:03am Aug 25, 2014 4:03am
Quoting bubincka
A provocative question to the guru of the strategy (Udine, Mastermind, Jibala, Easygoing ... etc) to liven up a bit the thread, since the market is at a standstill: do you take any losses sometimes ?
I dont know what market you are watching, but we watch 15 pairs and there is always some action. Remember the words of Udine that you always should choose your battles wisely!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,615
  • Aug 25, 2014 4:07am Aug 25, 2014 4:07am
Hi Jibala, I'm trading mainly EJ, GJ and EU, GU sometimes. Btw you didn't answer my question !
Porta itineris dicitur longissima esse
  • #16,616
  • Aug 25, 2014 4:14am Aug 25, 2014 4:14am
Hello guys i first of all wanna thank Udine for making me see light in the tunnel finally, by just not be greedy and trade simple and secondly i need the ex4 that shows the red news on the panel. Thank you all i'm grateful!
  • #16,617
  • Aug 25, 2014 4:15am Aug 25, 2014 4:15am
Quoting bubincka
Hi Jibala, I'm trading mainly EJ, GJ and EU, GU sometimes. Btw you didn't answer my question !
If there are I will inform and show you the first!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,618
  • Aug 25, 2014 4:26am Aug 25, 2014 4:26am
Quoting jasonhaw
Why does the panels overlap ? can someone help me ? {image}
Jason,

Reset your screen settings to 100% view
Persistence will get it. Consistency will keep it.
  • #16,619
  • Aug 25, 2014 4:28am Aug 25, 2014 4:28am
Trade #4 AJ TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.08.25_17h21m45s_005_.png Size: 73 KB


My decision for sell @900:

BRN close to both DO lines, pairs not sync, JPY not strong enough. PDF was the key to get this trade!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,620
  • Aug 25, 2014 4:28am Aug 25, 2014 4:28am
Thank you Jibala- Learning from errors is the other side of the coin and if these are showed by best members can be really enlightening.
Porta itineris dicitur longissima esse
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