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As simple as possible: 00 level trading

  • #18,161
  • Sep 15, 2014 1:12pm Sep 15, 2014 1:12pm
AJ LONG @.800 +1 manual TP.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB

Entry: during EU hours strong up, then 4 hours retrace then starting up again.
Exit: I did not like the PA in M15, I was trading too much today, did not trust the move, I closed out. Would have gone to TP.
  • #18,162
  • Sep 15, 2014 1:19pm Sep 15, 2014 1:19pm
Had my best trading day yet-- 5 TP trades. I'm pumped but want to keep a very calm measured view about this and have good trading psych. All of my trades were manual..follow udine's rules but the only indicator this silly girl is using is ADR--I don't use wukar or anything else. (I'm not that great at adding and customizing indicators) I think my naked eye has gotten better with reading the price action. Super glad some volatility has returned!
  • #18,163
  • Sep 15, 2014 10:38pm Sep 15, 2014 10:38pm
Quoting fxokieusa
Had my best trading day yet-- 5 TP trades. I'm pumped but want to keep a very calm measured view about this and have good trading psych. All of my trades were manual..follow udine's rules but the only indicator this silly girl is using is ADR--I don't use wukar or anything else. (I'm not that great at adding and customizing indicators) I think my naked eye has gotten better with reading the price action. Super glad some volatility has returned!

Way to go girl !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #18,164
  • Sep 15, 2014 10:53pm Sep 15, 2014 10:53pm
Here are a couple of interesting graphs of currency pair volatility over the past year taken from investing.com

I'm beginning to see why I'm struggling so much to get green pips lately. It seemed so much easier back in June when I first started. Volatility back then was almost double what we're seeing right now.

EU
Attached Image


GY
Attached Image
  • #18,165
  • Sep 15, 2014 11:03pm Sep 15, 2014 11:03pm
Quoting pquin
Here are a couple of interesting graphs of currency pair volatility over the past year taken from investing.com I'm beginning to see why I'm struggling so much to get green pips lately. It seemed so much easier back in June when I first started. Volatility back then was almost double what we're seeing right now. EU {image} GY {image}

the volatitlity will get back during the rest of the year, so it will get more easy.. just hang in there..

I have told in the thread several times, if your doing BE on your account right now your doing well ,very well... as soon as the volatility pciks up it will be more easy..

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #18,166
  • Sep 15, 2014 11:09pm Sep 15, 2014 11:09pm
Quoting Udine
{quote} the volatitlity will get back during the rest of the year, so it will get more easy.. just hang in there.. I have told in the thread several times, if your doing BE on your account right now your doing well ,very well... as soon as the volatility pciks up it will be more easy.. cheers Udine

I hope so Udine!

We're still half of last September's volumes.

pgq.
  • #18,167
  • Sep 16, 2014 12:57am Sep 16, 2014 12:57am
Quoting Carpathian
USDCHF LONG @.500 +5 TP. {image} Was up all day, came down fast, speculated on a pullback after the volatility increase.
Look at the perfect "PINBAR" reversal at the start of green box .... cheers Q
Whats That? you're trading What?
  • #18,168
  • Sep 16, 2014 1:07am Sep 16, 2014 1:07am
Quoting pquin
{quote} I hope so Udine! We're still half of last September's volumes. pgq.
slowly the 10d average ADR's are increasing..

it will happen..

patience grasshopper

Udine
Sleep less, live fast, as it aint gonna last
  • #18,169
  • Sep 16, 2014 1:41am Sep 16, 2014 1:41am
Quoting JibalaPasan
Trade #5 AU TP. {image} Jibala
Hi Jibala!

May I ask which moving averages do you use? And do you use relative or absolute strength metre?

I found here some useful analytic tools (correlation, volatility and trend):
http://www.forexticket.com/de/tools/home
  • #18,170
  • Sep 16, 2014 1:46am Sep 16, 2014 1:46am
Good Morning all,

lets start a new day!

Greetz Michael
  • #18,171
  • Sep 16, 2014 1:59am Sep 16, 2014 1:59am
Quoting Udine
{quote} GBPCAD: not a low risk entry, but ok
Can you clarify why,please?
  • #18,172
  • Sep 16, 2014 2:02am Sep 16, 2014 2:02am
Tried today system and it was quite quick... Instead of histogram for strength I use DMI. Will see how future will be. So far good.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EU.png Size: 88 KB
Click to Enlarge Name: GU.png Size: 90 KB
  • #18,173
  • Sep 16, 2014 2:06am Sep 16, 2014 2:06am
Quoting iwan73
{quote} Can you clarify why,please?

sure,

it was the 6th level below the DO... that is why I said not low risk...

Udine
Sleep less, live fast, as it aint gonna last
  • #18,174
  • Sep 16, 2014 2:09am Sep 16, 2014 2:09am
Quoting snail69
Tried today system and it was quite quick... Instead of histogram for strength I use DMI. Will see how future will be. So far good. {image} {image} {image}
GU and EU trades are against rules.
  • #18,175
  • Sep 16, 2014 2:11am Sep 16, 2014 2:11am
Quoting snail69
Tried today system and it was quite quick... Instead of histogram for strength I use DMI. Will see how future will be. So far good. {image} {image} {image}

well done !!

I have two remarks though:

1. on the EU and GU also the ASH would be red and would confirm entry
2. your GU trade was violating rule 5... no shorts @ .100 level

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #18,176
  • Sep 16, 2014 2:12am Sep 16, 2014 2:12am
Trade #1 GBPNZD quick to TP (i hope within the rules)

Greetz Michael
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  • #18,177
  • Sep 16, 2014 2:15am Sep 16, 2014 2:15am
Quoting mwsteiner
Trade #1 GBPNZD quick to TP (i hope within the rules) Greetz Michael {image}

yup you got the green pips in time

in 1 hour and 15 minutes red news for the GBP

Udine
Sleep less, live fast, as it aint gonna last
  • #18,178
  • Sep 16, 2014 2:18am Sep 16, 2014 2:18am
AJ SL
Attached Image
The problem is not giving offence but taking offence!
  • #18,179
  • Sep 16, 2014 2:18am Sep 16, 2014 2:18am
Buenos días familia,

Trade #1 o/t day: GJ out by TS.
Without TS it would have gone to TP.

flx69
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
  • #18,180
  • Sep 16, 2014 2:19am Sep 16, 2014 2:19am
Quoting Udine
{quote} yup you got the green pips in time in 1 hour and 15 minutes red news for the GBP Udine



Greetz Michael
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