As simple as possible: 00 level trading | Page 878 | Forex Factory

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As simple as possible: 00 level trading

  • #17,541
  • Sep 8, 2014 4:06am Sep 8, 2014 4:06am
EJ +5 TP
Comment: when took the trade ASH was OK, after turned red again...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_TP.jpg Size: 132 KB
Porta itineris dicitur longissima esse
  • #17,542
  • Sep 8, 2014 4:07am Sep 8, 2014 4:07am
Quoting bubincka
EJ +5 TP Comment: when took the trade ASH was OK, after turned red again... {image}

great, but I wait for the candle to close first..

Udine
Sleep less, live fast, as it aint gonna last
  • #17,543
  • Edited 5:06am Sep 8, 2014 4:11am | Edited 5:06am
bought it a bit erlier, but got SL
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 83 KB
  • #17,544
  • Sep 8, 2014 4:13am Sep 8, 2014 4:13am
Quoting Carpathian
{quote} Good Morning Everyone! Udine, Will you be not looking at it only today or until 18 September? http://www.bbc.com/news/events/scotland-decides/live 'The Scottish independence referendum takes place on 18 September' Áron ps. In other long-term trades I am sitting in some GBP on the wrong side now... That's why a scalping system is nice to operate, you're just avoiding big, sudden weekend fundamentals
Hi Carpathian, in other algo-system me too has open long GU position... what a pain is to see GBP sliding more than 100 pips at a time .. and the SL is still far to be hit! the only hope for those trades to recover something is NO will win on next 18 September.
Porta itineris dicitur longissima esse
  • #17,545
  • Edited 5:03am Sep 8, 2014 4:48am | Edited 5:03am
Quoting modeco
bought it a bit erlier, but got SL {image}
You mean 'sold'?
A 'good' example that the 00 level rules themselves won't get you profit unless you also carefully consider basic swing/wave patterns, rules.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB

By definition as long as you have series of HH/HL the (up)trend is not broken.
BTW: I was also looking at this pair in the past 1-2 hours expecting it turn downwards, however luckily now I took the patience to analyze at the M15 swings as shown on chart. I think this is referred to as 'trade what you see not what you think'. I thought it was going to go down but this way I was able to see it actually wasn't.
  • #17,546
  • Sep 8, 2014 4:53am Sep 8, 2014 4:53am
Quoting ejiexe
{quote} Could you please help with the PO script? I search through but couldn't find it. Thanks
Please check these ones out too!

UdineGlobal Buy and Sell s/ware from:

Page 387, post # 7724

Masterrmind...........
Master your Mind then Master your Trades
  • #17,547
  • Sep 8, 2014 5:20am Sep 8, 2014 5:20am
Quoting Carpathian
{quote} You mean 'sold'? A 'good' example that the 00 level rules themselves won't get you profit unless you also carefully consider basic swing/wave patterns, rules. {image} By definition as long as you have series of HH/HL the (up)trend is not broken. BTW: I was also looking at this pair in the past 1-2 hours expecting it turn downwards, however luckily now I took the patience to analyze at the M15 swings as shown on chart. I think this is referred to as 'trade what you see not what you think'. I thought it was going to go down but this way I...
Thanks again for your comments! Acctually I meant what I wrote - I bought. I have just changed the picture of my previous post to more clearer one- I went LONG at the blue arrow, and got SL at the yellow (or orange) one. I saw an uptrend, and was trading on continuation, however, now I see, that I have entered on wave high. If I had waited a bit more, for a retrace and then enter with a new hour - than I would have a profitable trade. OR should have waited at least that the current M15 candle closes above my red resistance line, but I was afraid to miss the trade so entered too early, but as we know- it is better to miss a trade rather than loose it. Have to work with my PDF!
  • #17,548
  • Sep 8, 2014 5:24am Sep 8, 2014 5:24am
EJ out by TS..

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #17,549
  • Sep 8, 2014 5:26am Sep 8, 2014 5:26am
Quoting Udine
EJ out by TS.. Udine {image}
Trade #1 o/t day:
Same here, EJ out by TS, +1 pip though.

flx69
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Click to Enlarge Name: Screenshot1.png Size: 40 KB
  • #17,550
  • Sep 8, 2014 5:27am Sep 8, 2014 5:27am
Trade #2 o/t day: AU to TP.

flx69
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Click to Enlarge Name: Screenshot1.png Size: 55 KB
  • #17,551
  • Sep 8, 2014 5:27am Sep 8, 2014 5:27am
EJ LONG @.200 BE TS.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB

Nice uptrend with accelerating LHs/HHs, nevertheless I was encouraged to take this due to a misinterpretation of some information on the forum today (my bad). Actually a risky trade as the EJ swing was approaching previous high around .300 after having already completed 30 pips upwards.

3 hours of trading and 2 BEs today and I feel exhausted.
  • #17,552
  • Sep 8, 2014 5:32am Sep 8, 2014 5:32am
EURAUD into BE, would be a winner if the BE setting wouldn't be used.

EURCAD into TP.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1.png Size: 86 KB
Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 81 KB
  • #17,553
  • Sep 8, 2014 5:34am Sep 8, 2014 5:34am
Quoting modeco
......Acctually I meant what I wrote - I bought. .....
Sorry, I overlooked it, you see I was so much short orientated on EJ at the time.

BTW: the LONG trade you took was against rule 2 because the first 00 level in that hour was 1 pip or so below 136.00!
  • #17,554
  • Sep 8, 2014 5:35am Sep 8, 2014 5:35am
Quoting flx69
Trade #2 o/t day: AU to TP. flx69 {image}
  • #17,555
  • Sep 8, 2014 5:40am Sep 8, 2014 5:40am
Quoting Udine
EJ out by TS.. Udine
I didn't take the EURJPY because of the PVT at 136.210 and the Resistance Area above.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 73 KB
  • #17,556
  • Sep 8, 2014 5:41am Sep 8, 2014 5:41am
same for me, EJ out by TS.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_TS.jpg Size: 134 KB
Porta itineris dicitur longissima esse
  • #17,557
  • Sep 8, 2014 5:41am Sep 8, 2014 5:41am
Quoting Carpathian
{quote} BTW: the LONG trade you took was against rule 2 because the first 00 level in that hour was 1 pip or so below 136.00!
Ohh... thanks for noticing! I missed that point! Still have to addapt looking at M15 chart. Will do 10 burpees at home.
  • #17,558
  • Sep 8, 2014 5:50am Sep 8, 2014 5:50am
Quoting Carpathian
{quote} Hello, Why would you like that?
cos it would save him/her the EFFORT to work the trades out?....
Whats That? you're trading What?
  • #17,559
  • Sep 8, 2014 5:51am Sep 8, 2014 5:51am
Quoting Qed
{quote} cos it would save him/her the EFFORT to work the trades out?....

saves the costs of a signal service

Udine
Sleep less, live fast, as it aint gonna last
  • #17,560
  • Sep 8, 2014 5:52am Sep 8, 2014 5:52am
Quoting Qed
{quote} cos it would save him/her the EFFORT to work the trades out?....
ps ,, short goldd after retrace from DO and below RNd thanx Udine
Whats That? you're trading What?
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