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As simple as possible: 00 level trading

  • #17,641
  • Sep 9, 2014 3:40am Sep 9, 2014 3:40am
Quoting Udine
{quote} your SL on the EU was not needed... the correct entry would have been the .700 level on that 1H candle, NOT the .600 level !! Udine
Rule #2 right?
  • #17,642
  • Sep 9, 2014 3:52am Sep 9, 2014 3:52am
Quoting Dave.Z
{quote} Rule #2 right?
Sleep less, live fast, as it aint gonna last
  • #17,643
  • Edited 4:07am Sep 9, 2014 3:57am | Edited 4:07am
Udine & Dave.Z thanks
lesson taken

Udine - a question for you:
Do you always wait for 1H candle to turn the same color as 1D or just anticipating (guessing) it will, as price turn in the right direction?
  • #17,644
  • Sep 9, 2014 4:11am Sep 9, 2014 4:11am
Good morning.
First trade into TP.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 79 KB
  • #17,645
  • Sep 9, 2014 4:13am Sep 9, 2014 4:13am
Sorry English is not my main language and i have problem understanding rule #2

Entry ONLY the FIRST 00 level
  • #17,646
  • Sep 9, 2014 4:19am Sep 9, 2014 4:19am
Quoting Vyron
Sorry English is not my main language and i have problem understanding rule #2 Entry ONLY the FIRST 00 level

watch the EU chart in post 17.640 and my reply in post 17.641

that should explain it...

Udine
Sleep less, live fast, as it aint gonna last
  • #17,647
  • Sep 9, 2014 4:30am Sep 9, 2014 4:30am
Quoting Udine
{quote} watch the EU chart in post 17.640 and my reply in post 17.641 that should explain it... Udine

Okay Udine. I quite get it right now. Thanks
  • #17,648
  • Sep 9, 2014 4:34am Sep 9, 2014 4:34am
Quoting Vyron
{quote} Okay Udine. I quite get it right now. Thanks
Sleep less, live fast, as it aint gonna last
  • #17,649
  • Sep 9, 2014 4:39am Sep 9, 2014 4:39am
Second trade into TP.
Futhermore one more open trade but with a minus of around 4 to 5 pips atm.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCADH1.png Size: 82 KB
  • #17,650
  • Sep 9, 2014 4:46am Sep 9, 2014 4:46am
Trade #2

CHFJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Done for the day!

Masterrmind............
Master your Mind then Master your Trades
  • #17,651
  • Sep 9, 2014 4:58am Sep 9, 2014 4:58am
Quoting Masterrmind
Trade #2 CHFJPY +5 TP {image} Done for the day! Masterrmind............

well done.. (as usual

Udine
Sleep less, live fast, as it aint gonna last
  • #17,652
  • Sep 9, 2014 4:59am Sep 9, 2014 4:59am
Quoting Masterrmind
Trade #2 CHFJPY +5 TP {image} Done for the day! Masterrmind............
missed that...
  • #17,653
  • Sep 9, 2014 5:04am Sep 9, 2014 5:04am
Udine - a question for you:
Do you always wait for 1H candle to turn the same color as 1D or just anticipating (guessing) it will, as price turn in the right direction?
  • #17,654
  • Sep 9, 2014 5:12am Sep 9, 2014 5:12am
Quoting understandFX
Udine - a question for you: Do you always wait for 1H candle to turn the same color as 1D or just anticipating (guessing) it will, as price turn in the right direction?
anticipating

Udine
Sleep less, live fast, as it aint gonna last
  • #17,655
  • Sep 9, 2014 5:15am Sep 9, 2014 5:15am
Quoting Udine
{quote} well done.. (as usual Udine
Thanks Udine....

They were 2 pretty easy trades really....classics.

I didn't see a lot of opportunity in the usual pairs (EJ, GJ, EU and GU).....

Actually there are not a lot of pairs that are hot at the moment.

Things tend to change very quickly in this business though.

ps. I'm actually keeping clear of GBP pairs at the moment...that will change later!

Masterrmind............
Master your Mind then Master your Trades
  • #17,656
  • Sep 9, 2014 5:18am Sep 9, 2014 5:18am
Quoting Carpathian
{quote} missed that...
Don't worry I miss plenty of good trades too!

Best part is that you'll always be able to find others soon enough.

Masterrmind...........
Master your Mind then Master your Trades
  • #17,657
  • Sep 9, 2014 5:18am Sep 9, 2014 5:18am
Quoting Udine
{quote} anticipating Udine
Thanks
  • #17,658
  • Sep 9, 2014 5:22am Sep 9, 2014 5:22am
Quoting Masterrmind
{quote} Thanks Udine.... They were 2 pretty easy trades really....classics. I didn't see a lot of opportunity in the usual pairs (EJ, GJ, EU and GU)..... Actually there are not a lot of pairs that are hot at the moment. Things tend to change very quickly in this business though. ps. I'm actually keeping clear of GBP pairs at the moment...that will change later! Masterrmind............

I am keeping clear of GBP pairs as well, although I expect the GBP will go up... but who am I..

I only trade what i see not what i think...

Udine
Sleep less, live fast, as it aint gonna last
  • #17,659
  • Sep 9, 2014 5:33am Sep 9, 2014 5:33am
Quoting Masterrmind
{quote} Don't worry I miss plenty of good trades too! Best part is that you'll always be able to find others soon enough. Masterrmind...........
This is the hardest for me, not to be frustrated of the missed opportunities.
  • #17,660
  • Sep 9, 2014 5:34am Sep 9, 2014 5:34am
Quoting Carpathian
.....Was it a limit order that opened in the mini retrace at the beginning of the hour? Good Night!
Dear MM,
this is one from yesterday... can you please help me out on this? Thanks!
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