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As simple as possible: 00 level trading

  • #17,461
  • Sep 5, 2014 3:26am Sep 5, 2014 3:26am
GA SHORT @.500 +5 TP.
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Previous retrace was broken in FFO then continued in LO, finally when hitting .500 previous bear candle was also confirmed downwards.
  • #17,462
  • Sep 5, 2014 3:27am Sep 5, 2014 3:27am
gj +5
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  • #17,463
  • Sep 5, 2014 3:32am Sep 5, 2014 3:32am
Quoting Udine
First trade of the day.. GJ out by TS Udine {image}
Hi Udine, were you caught by impatience ? In a so stationary market it tequires a lot of confidence to place this trade.. Just joking waiting for some move..
Porta itineris dicitur longissima esse
  • #17,464
  • Sep 5, 2014 3:37am Sep 5, 2014 3:37am
Hello all !

This is my first post here, but I am a bit surprised to be the only one with a GU

GU TP
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  • #17,465
  • Sep 5, 2014 3:46am Sep 5, 2014 3:46am
AUDCHF LONG @.200 -5 manual SL.
Attached Image

Entry: retrace from yesterday's high was broken upwards and white candle's high passed couple pips upon entering level, a confirmation for some continuation.
Exit: First of all it was a wrongly picked trade, price staying around DO so flat, no volatility so taking any trade is risky. The mini uptrend was broken by this hour's black candle so probability of continuation downwards increased, better get out.
  • #17,466
  • Sep 5, 2014 3:47am Sep 5, 2014 3:47am
Trade #1

GBPUSD +5 TP

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Masterrmind...........
Master your Mind then Master your Trades
  • #17,467
  • Sep 5, 2014 3:47am Sep 5, 2014 3:47am
Quoting bubincka
{quote} Hi Udine, were you caught by impatience ? In a so stationary market it tequires a lot of confidence to place this trade.. Just joking waiting for some move..

nope the ASH confirmed entry for me

Udine
Sleep less, live fast, as it aint gonna last
  • #17,468
  • Sep 5, 2014 3:48am Sep 5, 2014 3:48am
Buenos días familia,

Trade #1 o/t day: CJ to SL.

I am searching for reasons not to have taken this trade, to no avail.

Anybody ?

flx69
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  • #17,469
  • Sep 5, 2014 3:50am Sep 5, 2014 3:50am
Trade #2 o/t day:

AC to TP.
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  • #17,470
  • Sep 5, 2014 3:52am Sep 5, 2014 3:52am
Quoting Udine
{quote} here you go, the 4H added. cheers, Udine {file} {file}
Morning Udine,

Many thanks for the modded meter !!!

flx69
  • #17,471
  • Sep 5, 2014 4:08am Sep 5, 2014 4:08am
Quoting Udine
{quote} nope the ASH confirmed entry for me Udine
Hi all,
Just back from holiday.

Dear Udine,
I found ASH confirmation entry is different using TF15min and TF1hr.

Any advise use for which TF better?
As for me. M15 looks better result.
Thank for your new indi
  • #17,472
  • Sep 5, 2014 4:17am Sep 5, 2014 4:17am
Quoting flx69
......CJ to SL. I am searching for reasons not to have taken this trade, to no avail. Anybody ? flx69 {image}
Hello,
Previous hour candle's low was quite far from entry level, almost 10 pips. By the time price got to your entry it already fell 20 pips from above DO, possibility of some retrace increases (on a slow day like today).
See annotated chart for the swings as well.
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  • #17,473
  • Sep 5, 2014 4:24am Sep 5, 2014 4:24am
Quoting 2013
{quote} Hi all, Just back from holiday. Dear Udine, I found ASH confirmation entry is different using TF15min and TF1hr. Any advise use for which TF better? As for me. M15 looks better result. Thank for your new indi

that my friend is for you to decide..

i play the 1H and is good enough for me..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #17,474
  • Sep 5, 2014 4:28am Sep 5, 2014 4:28am
Quoting flx69
{quote} Morning Udine, Many thanks for the modded meter !!! flx69

Good morning flx.

your welcome

Udine
Sleep less, live fast, as it aint gonna last
  • #17,475
  • Sep 5, 2014 4:30am Sep 5, 2014 4:30am
Trade #3 o/t day: GC to TP
Back to BE.
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  • #17,476
  • Sep 5, 2014 4:33am Sep 5, 2014 4:33am
Hi all, I’m new to this forum and well let’s say I’m new to forums full stop, anyway I’d like to say a quick thank you to Undine and all the other members for their dedication to this discussion and trading system. I'm feeling a bit daunted buy the 800+++ pages I need to get through before I’m up to speed but the PDF (Patience, Disciple and Focus) will get me there.

I was hoping someone could help me find the latest version of the Wukar WB Ea, I think buy the screen shots it’s up to 1.2E??? Anyway I’ve tried to find it but was looking for a short cut...

Also with this SL,TP,TS EA does it still affect other charts or does it only affect the current Pair/ Chart that has an open trade...

Regards

PotatoFX
  • #17,477
  • Sep 5, 2014 4:52am Sep 5, 2014 4:52am
Today:

EJ - SL
GJ - TP x 2
GU - TP

So, 1 loss and 3 profits, make with all costs included a tiny profit for the day.
Too bad i started with the loss trade on EJ, in hindsight...
Otherwise a good day.

Edit: i should add, that i did not move stop to BE @ 3,5 pip profit, instead i moved it to BE - 5 pips so my trade went from R:R - 2:1 to 1:1 just to give the trade a bit more room.
Persistence will get it. Consistency will keep it.
  • #17,478
  • Sep 5, 2014 5:02am Sep 5, 2014 5:02am
AU LONG @.600 BE TS.
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Entry: AUD strong USD weak across the board. After passing resistance area (marked blue) price entered 00 level, which qualified it for me as a reasonable entry.
Exit: I got entry with slippage at 607 so I moved TP to 657, price reached 646 so TS kicked in with some +pips, however I pulled it down to BE trying to allow price room for some ranging because however strong AUD is we already had a nice rise, but I got SL-ed out.
By now it would be TP....
  • #17,479
  • Sep 5, 2014 5:13am Sep 5, 2014 5:13am
ok guys I have some errands to run and have some kids over this afternoon, so I will be busy...

take care stay green and enjoy the weekend

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #17,480
  • Sep 5, 2014 5:16am Sep 5, 2014 5:16am
Quoting totowah
Hello all ! This is my first post here, but I am a bit surprised to be the only one with a GU GU TP {image}
Hi totowah,
I found this setup a little risky for me because of 1H Demand level just under the target. I'm glad it worked fine for you.
Alec
Look for reasons not to take a trade.
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