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As simple as possible: 00 level trading

  • #18,781
  • Sep 26, 2014 3:02am Sep 26, 2014 3:02am
Quoting Masterrmind
{quote} Morning Udine. (very late afternoon for me!) Hope you're ready to start taking what's rightfully yours?? Time for a coffee .......the time of day is not really important but being awake usually helps. Asian session was nice to me today..... Masterrmind.........
yup i am ready...

Asia for me as well:

Udine
Sleep less, live fast, as it aint gonna last
  • #18,782
  • Sep 26, 2014 3:03am Sep 26, 2014 3:03am
Quoting iwan73
Hi Udine. Did you take any trades at LO? I didnt. I was look at EJ and GJ because they are in sync above DO but i realised that EJ wasnt in sync with EU and GJ wasnt is sync with GU so i gave up to take any trade. What is your opinion?

same here, nothing done yet...

patience game, with another coffee in hand..

Udine
Sleep less, live fast, as it aint gonna last
  • #18,783
  • Sep 26, 2014 3:04am Sep 26, 2014 3:04am
Flash trade on the GJ - TP in 23 seconds.

Attached Image
Persistence will get it. Consistency will keep it.
  • #18,784
  • Sep 26, 2014 3:06am Sep 26, 2014 3:06am
Second trade of the day, GJ to TP.
Lrt
Attached Image (click to enlarge)
Click to Enlarge Name: 26 09 GJ TP (2).jpg Size: 100 KB
"Every battle is won before it's fought."
  • #18,785
  • Sep 26, 2014 3:06am Sep 26, 2014 3:06am
Quoting TurismoTek
{quote} Amen to that, Executed patience this morning not to go long EJ @139.000 due to: [1] Overnight range of 65 makes me wary [2] At current days previous highs, which were previously spiked [3] Resistance level from the hourly Comment: Easier to stay out and preserve capital Fortunately I was rewarded for my discipline, Sniper mode engaged for my first trade today. Morning & All the best with stayin' G today, TurismoTek.

good thinking... now that is what i call: choosing your battles wisely

Udine
Sleep less, live fast, as it aint gonna last
  • #18,786
  • Sep 26, 2014 3:26am Sep 26, 2014 3:26am
Quoting Udine
{quote} yup i am ready... Asia for me as well: Udine
I didn't expect you to trade it and I somehow doubt that would ever happen..but never say never!

Masterrmind..........
Master your Mind then Master your Trades
  • #18,787
  • Sep 26, 2014 3:30am Sep 26, 2014 3:30am
Quoting TurismoTek
{quote} Amen to that, Executed patience this morning not to go long EJ @139.000 due to: [1] Overnight range of 65 makes me wary [2] At current days previous highs, which were previously spiked [3] Resistance level from the hourly Comment: Easier to stay out and preserve capital Fortunately I was rewarded for my discipline, Sniper mode engaged for my first trade today. Morning & All the best with stayin' G today, TurismoTek.
Yes, I'm staying on the sidelines too watching...
  • #18,788
  • Sep 26, 2014 3:40am Sep 26, 2014 3:40am
Quoting Udine
{quote} same here, nothing done yet... patience game, with another coffee in hand.. Udine
Udine, so you didnt take any trades at LO for the same reasons as mine? In other words, is my thinking way was corect and similar to your?
  • #18,789
  • Sep 26, 2014 4:07am Sep 26, 2014 4:07am
took a while as the market seemed to be dwindling +5
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-09-26%25252011_05_49-30809_%252520MetaTrader%252520-%252520Pepperstone%252520-%252520%25255.png Size: 24 KB
  • #18,790
  • Sep 26, 2014 4:16am Sep 26, 2014 4:16am
hard day for me today, I started with 3 losses, now thankfully almost recovered with 5 wins. Total -5 pips.
hopefully finish the day in green.
  • #18,791
  • Sep 26, 2014 4:27am Sep 26, 2014 4:27am
Quoting Clipi
hard day for me today, I started with 3 losses, now thankfully almost recovered with 5 wins. Total -5 pips. hopefully finish the day in green.
I know how your felling it just stole my money lol euraud. I used to avoid Fridays its often called give back day not for us but generally, have a nice day :-P
  • #18,792
  • Sep 26, 2014 4:32am Sep 26, 2014 4:32am
Quoting iwan73
{quote} Udine, so you didnt take any trades at LO for the same reasons as mine? In other words, is my thinking way was corect and similar to your?

yes

Udine
Sleep less, live fast, as it aint gonna last
  • #18,793
  • Sep 26, 2014 5:17am Sep 26, 2014 5:17am
I added a rule more in Udine system that is not open operations if we are near the highs of the day, waiting for the break.
Today skip this rule has cost me -40 pips already. enter the 139.00 EY and the 178.00 GY. snif snif.
  • #18,794
  • Sep 26, 2014 5:35am Sep 26, 2014 5:35am
Quoting Clipi
I added a rule more in Udine system that is not open operations if we are near the highs of the day, waiting for the break. Today skip this rule has cost me -40 pips already. enter the 139.00 EY and the 178.00 GY. snif snif.
Clipi,

Are you using the frorexgrail excel spreadsheet ?
You might want to consider putting it side by side next to a chart.
Helps you see things from various perspectives...

flx69
  • #18,795
  • Sep 26, 2014 5:52am Sep 26, 2014 5:52am
OK guys, still in sniper mode [Don't worry, 50 cal!]

Time for a TurismoTek daily enquiry:

I am having trouble understanding the trailing stop/trailing step (using WUKAR_WB_Trail_v1_3_3e or WUKAR_WB_Trail_v1_3_2e)

If possible can somebody explain these functions to me using an example of an 150 target and 50 pip stop (for simplification) or point me in the right direction to investigate this... If anybody can take the time out to help me with this issue it would be greatly appreciated, I don't feel comfortable using the trailing stop without full comprehension.

E.g. If I wanted to break even at 50 pips and then move my stop loss to 50 pips at 100 pips, what settings would be required for trailing stop and trailing step?

Thank you for reading,
Keep stayin' G,
TurismoTek
  • #18,796
  • Sep 26, 2014 5:57am Sep 26, 2014 5:57am
Hi guys.. How was trading good?

Anyway, just waiting for NY open, business has been hectic lately, no time to trade

Good luck to you all..

Madscientist
  • #18,797
  • Sep 26, 2014 6:34am Sep 26, 2014 6:34am
Quoting Madscientist
Hi guys.. How was trading good? Anyway, just waiting for NY open, business has been hectic lately, no time to trade Good luck to you all.. Madscientist
Keep in mind in an hour US GDP quarterly figures are out...

All the best,
TurismoTek.
  • #18,798
  • Sep 26, 2014 6:41am Sep 26, 2014 6:41am
Hi Guys,

I have been away from my computer all morning. It looks like I didn't miss much.
Let's see if the afternoon brings any good setups...

Good luck everyone.
BB
  • #18,799
  • Sep 26, 2014 6:46am Sep 26, 2014 6:46am
Quoting TurismoTek
{quote} Keep in mind in an hour US GDP quarterly figures are out... All the best, TurismoTek.
yup indeed no trades early on ny open..

but i'll keep an eye for good setups..

good luck to all of you

Madscientist
  • #18,800
  • Sep 26, 2014 6:57am Sep 26, 2014 6:57am
Quoting flx69
{quote} Clipi, Are you using the frorexgrail excel spreadsheet ? You might want to consider putting it side by side next to a chart. Helps you see things from various perspectives... flx69
Yes, definitely an essential tool for this strategy......
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