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As simple as possible: 00 level trading

  • #17,001
  • Edited 5:03am Aug 29, 2014 4:52am | Edited 5:03am
so bloody tired of people asking "why didnt you take at wrong level " WHAT DO THE RULES SAY? POST 1 read the rules ... PS read the rules ,, set the chart up ... 2 losses .... reason .....PREDICTING PS forget your natural BIAS to look for what you "think" may happen chartists are renowned for predicting ....
Whats That? you're trading What?
  • #17,002
  • Aug 29, 2014 4:59am Aug 29, 2014 4:59am
Quoting Masterrmind
{quote} My hourly open was just above the 300 level therefore took it at the 400 level. 172.339 is when my charts hourly candle opened! Masterrmind..........
Yes I agreed with you that the hourly opened above 172.300. However, London open around 172.16 so why did you have to wait for another close of 1hr candle?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #17,003
  • Aug 29, 2014 5:03am Aug 29, 2014 5:03am
Bad luck today. 2 x TS.
Attached Image (click to enlarge)
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  • #17,004
  • Aug 29, 2014 5:08am Aug 29, 2014 5:08am
Quoting iwan73
Bad luck today. 2 x TS. {image}
Better than losses
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #17,005
  • Aug 29, 2014 5:15am Aug 29, 2014 5:15am
reckon the quote should be "the difference between good and excellent is the attention to detail"....? picky barsteward aint I
Whats That? you're trading What?
  • #17,006
  • Aug 29, 2014 5:19am Aug 29, 2014 5:19am
Quoting ejiexe
{quote} Yes I agreed with you that the hourly opened above 172.300. However, London open around 172.16 so why did you have to wait for another close of 1hr candle?
Are you sure you know the rules and how we trade here ??

Udine
Sleep less, live fast, as it aint gonna last
  • #17,007
  • Aug 29, 2014 5:23am Aug 29, 2014 5:23am
Quoting Udine
thx guys yes I am relaxed... i know the questions never change... Cheers Udine
"The questions never change" lol!

Welcome home Udine hope you had a great holiday & are ready to reel in the green pips again!
  • #17,008
  • Aug 29, 2014 5:32am Aug 29, 2014 5:32am
Quoting ejiexe
{quote} Late entry
Late entry ? Well, unfortunately thereīs nothing I can do about price action...

The new hourly candle took some time to reach the first 00-level and trigger the pending order.

flx69
  • #17,009
  • Aug 29, 2014 5:32am Aug 29, 2014 5:32am
Quoting Udine
{quote} Are you sure you know the rules and how we trade here ?? Udine
May be I miss something but I have been following the thread for a while now. It has become my second home.

I see the first opportunity at the opening of London that is why I said 172.40 is a late entry. I am ready to learn
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 59 KB
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #17,010
  • Aug 29, 2014 5:32am Aug 29, 2014 5:32am
Hi,
Yesterday trades were (without charts):

EUR/JPY +5
EUR/AUD +5
GBP/AUD +5
GBP/JPY -10
EUR/CAD +5
GBP/AUD +5
Total +15

Today trades so far (with charts):

AUD/JPY +5
AUD/CAD +5
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 60 KB
Click to Enlarge Name: AUDCADH1.png Size: 64 KB
  • #17,011
  • Aug 29, 2014 5:33am Aug 29, 2014 5:33am
GA Long TP
Attached Image (click to enlarge)
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  • #17,012
  • Aug 29, 2014 5:35am Aug 29, 2014 5:35am
CADJPY LONG @.800 +5 TP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 35 KB

CAD overall strong, JPY kept being weak, closed above previous day high, confirmed continuation upward.
  • #17,013
  • Aug 29, 2014 5:36am Aug 29, 2014 5:36am
Trade #3 o/t day: GA long at 177.500 to TP.
I canīt post the chart, as I am not in front of my puter.

Grand total for the day: 10.5 green pips in just under 2 hours.

More than enough for me for a first day.
Green pips to those that continue trading NYO !

flx69
  • #17,014
  • Aug 29, 2014 5:52am Aug 29, 2014 5:52am
USDCAD SHORT @1.0850 TS
Attached Image

CAD was strong overall, bearish engulf previous hour
  • #17,015
  • Aug 29, 2014 5:56am Aug 29, 2014 5:56am
Quoting Mr.Ma
{quote} really really good job!!! Thats what I call an asian session
First, best regards, Udine and flx69. Glad to see you!
........................................................................................................................

Mr.Ma
These trades have not been conducted with Udine rules of the London session, are made in the Asian session, to my knowledge, has no rules.
I've posted that the others do as well, either as a test, either as real.
The only rule I have followed has been to 000 levels.
Given the lack of volatility in these times, I've even taken advantage news (against the rules of London) to capitalize.
Also, I've only used the profit of Wukar. I put the Stoploss manually in my opinion, fractals and volatility, nor have used the Trailing Stop (due to potential volatility that and no control).
This has been an experiment in Asian session, and, again, without the rules of the London session. I do not recommend inexpert traders, they rehearse these things in real account.
Consequently, I suggest that these transactions do not take as an example of the system discussed in this thread. Greetings and thanks.
Donde hay Patron no manda Marinero
  • #17,016
  • Aug 29, 2014 5:58am Aug 29, 2014 5:58am
Quoting ejiexe
{quote} May be I miss something but I have been following the thread for a while now. It has become my second home. I see the first opportunity at the opening of London that is why I said 172.40 is a late entry. I am ready to learn {image}
Did you see my posts #16.971 & #16.993 ?
Each hour, one pending order at the next 00-level for the GJ cross.
I donīt see anything late.

flx69
  • #17,017
  • Aug 29, 2014 6:07am Aug 29, 2014 6:07am
Quoting ejiexe
{quote} Yes I agreed with you that the hourly opened above 172.300. However, London open around 172.16 so why did you have to wait for another close of 1hr candle?
Please take a good long look at the chart and carefully analyse the chart.

When you are done then respond back to me with your reasons.

Then I'll give you the answer........

Sound good?

Masterrmind..........
Master your Mind then Master your Trades
  • #17,018
  • Aug 29, 2014 6:38am Aug 29, 2014 6:38am
Does pending order means stop buy or stop sell?
Thank you!
  • #17,019
  • Aug 29, 2014 6:40am Aug 29, 2014 6:40am
Quoting liuxiaobing
Does pending order means stop buy or stop sell? Thank you!
Yes!

ps. Better to say .... Buy Stop or Sell Stop.
Masterrmind........
Master your Mind then Master your Trades
  • #17,020
  • Aug 29, 2014 6:59am Aug 29, 2014 6:59am
First oolevel means the oo nearest to do line?
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