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As simple as possible: 00 level trading

  • #18,601
  • Edited 6:34am Sep 23, 2014 6:19am | Edited 6:34am
Quoting TurismoTek
{quote} German Flash Manufacturing PMI @8.30am ? 30-minutes after I set pending order for 139.400 and was entered within 30 seconds, Is this outside of the rules? If so, why? TurismoTek

I watch the 1H and i recall my wukar news was still grey so that is why I responded like that

Udine

Edit: watching the chart below: i was wrong....
Sleep less, live fast, as it aint gonna last
  • #18,602
  • Sep 23, 2014 6:22am Sep 23, 2014 6:22am
Trade #2 EJ +5 TP
Comment: entry level close to DO line, but worked ! Done for the day.
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Porta itineris dicitur longissima esse
  • #18,603
  • Sep 23, 2014 6:28am Sep 23, 2014 6:28am
Quoting easygoing
COMMENT: I was wondering if BE was better than TS. I chose TS this time.
If I had chosen BE, it would have been TPed.
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My hope has been almost completely shattered, but not completely yet
  • #18,604
  • Sep 23, 2014 7:04am Sep 23, 2014 7:04am
Quoting TurismoTek
{quote} Mastermind, If possible and you have the time a small explanation of how you use the sync tool and what constitutes an approval from the tool. Also, I noticed on EJ you didn't trade the 139.400 level, why? Thank you, All the best, TurismoTek.
The sync tool gives you a little more confidence of having the pair headed in your favored direction.

The sync tool never gives me the approval to take a trade, after all it is only a tool and therefore is only 1 small component of a traders arsenal.

When the sync of say multiple EUR pairs for example are all lit up green then its reason to either:

a) analyse the EUR pairs you trade and choose the best of these to take your long entry trade (or if the analysis doesn't give you enough confidence then walk away)...simple as that!
b) analyse multiple EUR pairs (say 2 or 3 at the most) and trade them if the probability is on your side (that's the main reason I use it)

As for the 400 level well I think that's already been mentioned (not on my radar at all)

GoodTrading,

Masterrmind...........
Master your Mind then Master your Trades
  • #18,605
  • Sep 23, 2014 7:24am Sep 23, 2014 7:24am
I noticed that the open NY is always tricky.

- 10 GU

I'm writing it down in my rule book not to trade NY open.
  • #18,606
  • Sep 23, 2014 7:25am Sep 23, 2014 7:25am
Buenos días familia,

Too much stuff to do today, so only time to do 1 trade.

NC to TP.

Green pips to all !!!
flx69
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  • #18,607
  • Sep 23, 2014 7:30am Sep 23, 2014 7:30am
Quoting Masterrmind
{quote} The sync tool gives you a little more confidence of having the pair headed in your favored direction. The sync tool never gives me the approval to take a trade, after all it is only a tool and therefore is only 1 small component of a traders arsenal. When the sync of say multiple EUR pairs for example are all lit up green then its reason to either: a) analyse the EUR pairs you trade and choose the best of these to take your long entry trade (or if the analysis doesn't give you enough confidence then walk away)...simple as that! b) analyse...
Thank you,

Greatly appreciate the response, very helpful, I've added it to my arsenal!

Sorry to insist of you more advice, but can you elaborate on "sync of say multiple EUR pairs for example if all lit up green".

Do you mean ALL green synchronised (1d, 1h, 15m) or MOSTLY green, or [1d, 1h] both green... Sorry to ask, I am possibly over-thinking but I like to understand things thoroughly. I mean for example if you have

EURGBP 1D UP 1H UP 15DOWN
EURJPY 1D UP 1H UP 15DOWN
EURUSD 1D UP 1H UP 15 UP

Is that green enough?

Or is it just a case of looking roughly for sync, not over-thinking and using common sense and intuition.

Thanks Masterrmind,
TurismoTek
  • #18,608
  • Sep 23, 2014 8:18am Sep 23, 2014 8:18am
Quoting TurismoTek
{quote} Thank you, Greatly appreciate the response, very helpful, I've added it to my arsenal! Sorry to insist of you more advice, but can you elaborate on "sync of say multiple EUR pairs for example if all lit up green". Do you mean ALL green synchronised (1d, 1h, 15m) or MOSTLY green, or [1d, 1h] both green... Sorry to ask, I am possibly over-thinking but I like to understand things thoroughly. I mean for example if you have EURGBP 1D UP 1H UP 15DOWN EURJPY 1D UP 1H UP 15DOWN EURUSD 1D UP 1H UP 15 UP Is that green enough? Or is it just a case...
It is green enough!

But that is still not a good enough reason for me to "blindly" enter the trade.

You need to be aware of all the other obstacles on your chart (levels, S+R, pivots etc etc etc)

I suggest you become very very familiar with all these "give way" signs on your trading chart.

Good Trading,

Masterrmind.......
Master your Mind then Master your Trades
  • #18,609
  • Sep 23, 2014 8:26am Sep 23, 2014 8:26am
Hello All,
First chance to trade since some time ago...

EURCAD -10 SL
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AUDCAD +5 TP
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AUDCHF +5 TP
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NZDUSD +5 TP
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RmDn was green for all upon entry.
  • #18,610
  • Sep 23, 2014 8:31am Sep 23, 2014 8:31am
EURCAD -10 SL

one of the lessons I've learned is not to take trades near daily highs, possible rebound.
best to wait at 1.4220 after breaking resistance.
  • #18,611
  • Sep 23, 2014 9:50am Sep 23, 2014 9:50am
Good Luck everyone.

Time for rest

Masterrmind..........
Master your Mind then Master your Trades
  • #18,612
  • Sep 23, 2014 11:36am Sep 23, 2014 11:36am
I am out of here..

speak tomorrow

Udine
Sleep less, live fast, as it aint gonna last
  • #18,613
  • Sep 23, 2014 6:19pm Sep 23, 2014 6:19pm
EJ BE 0 pips
Attached Image


COMMENT: I didn't use TS. I set BE. If I hadn't set BE, I would have TPed; it seemed too dangerous, but it may have been right. I will think about it...
My hope has been almost completely shattered, but not completely yet
  • #18,614
  • Sep 23, 2014 9:07pm Sep 23, 2014 9:07pm
Would appreciate help with scripts issue. Both UdineInstantBuy and UdineInstantSell work ok but they are set firmly to 2% risk and compound each time trade is opened. Other versions GlobalInstantSell and GlobalInstantBuy can not manage them to work properly. Where to place SetUdinesGlobal. ? Want have firm lot set up, no % based for both Sell and Buy. Should I put it into libraries folder ? Thanks.
  • #18,615
  • Sep 23, 2014 9:20pm Sep 23, 2014 9:20pm
Quoting snail69
Would appreciate help with scripts issue. Both UdineInstantBuy and UdineInstantSell work ok but they are set firmly to 2% risk and compound each time trade is opened. Other versions GlobalInstantSell and GlobalInstantBuy can not manage them to work properly. Where to place SetUdinesGlobal. ? Want have firm lot set up, no % based for both Sell and Buy. Should I put it into libraries folder ? Thanks.
They should all go into the .../MQL4/Scripts folder.
Run SetUdinesGlobal where you can set % or lot size to work with UdinesGlobalInstantSell and UdinesGlobalInstantBuy.
The problem is not giving offence but taking offence!
  • #18,616
  • Sep 23, 2014 10:05pm Sep 23, 2014 10:05pm
Quoting ChrisGC
{quote} They should all go into the .../MQL4/Scripts folder. Run SetUdinesGlobal where you can set % or lot size to work with UdinesGlobalInstantSell and UdinesGlobalInstantBuy.
Chris, have all them there. Does not work. Would like to have firm lot, not %, e.g. wukarlots=1
  • #18,617
  • Sep 23, 2014 10:15pm Sep 23, 2014 10:15pm
Quoting snail69
{quote} Chris, have all them there. Does not work. Would like to have firm lot, not %, e.g. wukarlots=1
READ: http://www.forexfactory.com/showthre...89#post7582889
Attached Image
The problem is not giving offence but taking offence!
  • #18,618
  • Sep 23, 2014 10:38pm Sep 23, 2014 10:38pm
Quoting ChrisGC
{quote} READ: http://www.forexfactory.com/showthre...89#post7582889 {image}
Did it that way, saved set as SetUdinesGlobal.set. Nothin happening.
  • #18,619
  • Sep 24, 2014 2:29am Sep 24, 2014 2:29am
Good Morning Thread!

Trade #1 AU to TP


Greetz Michael
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  • #18,620
  • Sep 24, 2014 2:41am Sep 24, 2014 2:41am
Buenos días familia,

Waiting for opportunities to present.

See if the market "giveth" today..

Nice trade Michael, but aren´t you pushing your luck a bit ?
How many 00-levels away from DO did you enter there ?

Green pips to all of you.

flx69
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