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As simple as possible: 00 level trading

  • #17,561
  • Sep 8, 2014 5:53am Sep 8, 2014 5:53am
Quoting modeco
{quote} Ohh... thanks for noticing! I missed that point! Still have to addapt looking at M15 chart. Will do 10 burpees at home.
And you see the reason for rule 2 Entry ONLY the FIRST 00 level, is that it is trying to make you enter at the beginning of something (the hourly move) so that you have a better chance realizing the 5 pips. Each rule has its own reason trying to stack probabilities on your side. However keeping the rules themselves are not enough! Blablablablabla... it's a mantra said just as many times as many times it was broken...
  • #17,562
  • Sep 8, 2014 5:54am Sep 8, 2014 5:54am
Hi guys

I cant get the rule 12 - Distance to RN > 10 pips. From what to what?
Could somebody explain it? Or give me a link.
Thank you.
  • #17,563
  • Sep 8, 2014 5:55am Sep 8, 2014 5:55am
Quoting Udine
{quote} saves the costs of a signal service Udine
Had s/he taken my signals ... that'd wouldn't save any cost...
  • #17,564
  • Sep 8, 2014 5:59am Sep 8, 2014 5:59am
Quoting musicant
Hi guys I cant get the rule 12 - Distance to RN > 10 pips. From what to what? Could somebody explain it? Or give me a link. Thank you.

from price to Round Number

Udine
Sleep less, live fast, as it aint gonna last
  • #17,565
  • Sep 8, 2014 6:02am Sep 8, 2014 6:02am
Quoting musicant
Hi guys I cant get the rule 12 - Distance to RN > 10 pips. From what to what? Could somebody explain it? Or give me a link. Thank you.
(When you open the position the) Distance (of price) to (Big) R(ound) N(umber) be bigger than 10 pips.
  • #17,566
  • Sep 8, 2014 6:13am Sep 8, 2014 6:13am
EURAUD into TP.
Have also one open pending order with EURCAD, but will it cancel soon. News in around 1h 18 mins. Think I will wait 18 mins and if the order isn't triggerd I cancel the order.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH1_1.png Size: 85 KB
  • #17,567
  • Sep 8, 2014 6:17am Sep 8, 2014 6:17am
Quoting Udine
{quote} from price to Round Number Udine

Quoting Carpathian
{quote} (When you open the position the) Distance (of price) to (Big) R(ound) N(umber) be bigger than 10 pips.
Thank you very much! Got it. ^^
  • #17,568
  • Sep 8, 2014 6:28am Sep 8, 2014 6:28am
Quoting Murksler
Have also one open pending order with EURCAD, but will it cancel soon. News in around 1h 18 mins. Think I will wait 18 mins and if the order isn't triggerd I cancel the order.
Order got triggerd. Went straight into TP. 4 Trades today, one ino BE with a little loss. Other three straight into TP, so 2,5% profit for today. I think that's for it, but I will check the charts sometimes to improve my skill to find good entrys.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1_1.png Size: 82 KB



Next possbile entrys could be EURJPY 136.400 and USDJPY 105.300, also EURAUD again at 1.38700 or at 1.38600 after a retrace.
  • #17,569
  • Sep 8, 2014 6:29am Sep 8, 2014 6:29am
Quoting Udine
{quote} great, but I wait for the candle to close first.. Udine
That means you want the last closed bar's ash value (as well as the current open ash value) to be in the direction of the trade?
  • #17,570
  • Sep 8, 2014 6:31am Sep 8, 2014 6:31am
Quoting Kilian19
{quote} That means you want the last closed bar's ash value (as well as the current open ash value) to be in the direction of the trade?

candle must close first, then I look to take a trade..

Udine
Sleep less, live fast, as it aint gonna last
  • #17,571
  • Sep 8, 2014 6:51am Sep 8, 2014 6:51am
Attached Image
Sleep less, live fast, as it aint gonna last
  • #17,572
  • Sep 8, 2014 7:29am Sep 8, 2014 7:29am
Quoting Murksler
Next possbile entrys could be EURJPY 136.400 and USDJPY 105.300, also EURAUD again at 1.38700 or at 1.38600 after a retrace.
Trades (if I would took the order) triggerd in USDJPY and EURAUD (1.38700).
USDJPY at the moment with a slight loss. EURAUD into TP(5,5 Pips), would be BE with a little profit with BE and trailing settings.

Next possible trades could be EURAUD 1.38800, still EURJPY 136.400 and maybe a buy EURUSD 1.29600.
  • #17,573
  • Sep 8, 2014 7:51am Sep 8, 2014 7:51am
Trade #1

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB


Masterrmind.........
Master your Mind then Master your Trades
  • #17,574
  • Sep 8, 2014 7:52am Sep 8, 2014 7:52am
Hi,

first trade (demo) AC +4.9pips TP

Greetz Michael
Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH1.png Size: 69 KB
  • #17,575
  • Edited 8:49am Sep 8, 2014 8:26am | Edited 8:49am
EJ went to SL... @1.363
  • #17,576
  • Sep 8, 2014 8:33am Sep 8, 2014 8:33am
Udine, did you take EJ trade at New York open? And why if no?
Thank you
  • #17,577
  • Sep 8, 2014 8:35am Sep 8, 2014 8:35am
Quoting orangutangas
EJ went to SL...

show chart please

Udine
Sleep less, live fast, as it aint gonna last
  • #17,578
  • Sep 8, 2014 8:40am Sep 8, 2014 8:40am
Quoting rjsimp
Udine, did you take EJ trade at New York open? And why if no? Thank you

nope,

GBP pairs messy
EU and EJ not in sync, so dont like the charts at all... i am watching and I feel that I cannot find low risk entries with high probability of making my green pips...

the odds are not stacked in my favor, so not risking anything ... prefer to be safe than sorry

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #17,579
  • Sep 8, 2014 8:41am Sep 8, 2014 8:41am
Quoting Udine
{quote} show chart please Udine
I'm not orangutangas but got Sl too, so
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 114 KB
  • #17,580
  • Sep 8, 2014 8:44am Sep 8, 2014 8:44am
Quoting rjsimp
{quote} I'm not orangutangas but got Sl too, so {image}

now post a chart with EU and EJ side by side please

Edit: you will see EU D1 is red and EJ D1 is green... no sync...

i want low risk entries with a high probability of a winning trade... not present at the moment, so for me no trade..

Udine
Sleep less, live fast, as it aint gonna last
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