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As simple as possible: 00 level trading

  • #18,881
  • Sep 29, 2014 9:10am Sep 29, 2014 9:10am
Quoting Masterrmind
Trade #1 EURCAD +5 TP {image} Trade #2 EURJPY +5 TP {image} Trade #3 [Bonus trade #1] GBPAUD +5 TP {image} Comment: Nice start to the week and done for the day! Masterrmind........
Nice work ! Even bonus, not bad for a Monday !

flx69
  • #18,882
  • Sep 29, 2014 9:16am Sep 29, 2014 9:16am
day with little volatility, Mondays are rare, 2 offices in NY, two losses. I retire for the day.
3 wins
2 Ts'2
2 loses
Total -3.2 pips.
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  • #18,883
  • Sep 29, 2014 9:31am Sep 29, 2014 9:31am
Quoting flx69
{quote} Nice work ! Even bonus, not bad for a Monday ! flx69
Thanks flx69........

They were 3 easy going trades but that's all from me today.

See you tomorrow ..........

Masterrmind...........
Master your Mind then Master your Trades
  • #18,884
  • Sep 29, 2014 10:48am Sep 29, 2014 10:48am
Yep, see you guys tomorrow.

Not much more happening today I´m afraid.

flx69
  • #18,885
  • Sep 29, 2014 11:01am Sep 29, 2014 11:01am
Seem to need a lot of practice. Please give me a comment.

3 TP
2 SL
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  • #18,886
  • Sep 29, 2014 11:35am Sep 29, 2014 11:35am
Quoting handy148
I see over on Forex-TSD this is called "Lucky 5 System".

If it makes them happy....

good for them

Udine
Sleep less, live fast, as it aint gonna last
  • #18,887
  • Sep 29, 2014 11:36am Sep 29, 2014 11:36am
ciao a tutti

speak tomorrow

Udine
Sleep less, live fast, as it aint gonna last
  • #18,888
  • Sep 29, 2014 12:14pm Sep 29, 2014 12:14pm
Did somebody take the EU at 1.27000 before 1 hour of NY open? Or before 1 hour of London close? If not, then why not?
  • #18,889
  • Sep 29, 2014 12:24pm Sep 29, 2014 12:24pm
Quoting Morcos
Did somebody take the EU at 1.27000 before 1 hour of NY open? Or before 1 hour of London close? If not, then why not?
PVT @ 1.27064, so no trade for me until the zone is broken. Also not the first 00 level of the 1hr-candle.
  • #18,890
  • Sep 29, 2014 1:12pm Sep 29, 2014 1:12pm
Quoting Murksler
{quote} PVT @ 1.27064, so no trade for me until the zone is broken. Also not the first 00 level of the 1hr-candle.
True...

And 1.27100 at NY open? If we use only Udine's rules, it was a legal entry, but no one took it... why?
  • #18,891
  • Sep 29, 2014 6:21pm Sep 29, 2014 6:21pm
Gud morning everybody. Some more trades from last night. I was much tired to post them right after the trade. So here I go!

Trade #4 EN, Trade #5 AU, Trade #6 GU and Trade #7 CJ TP.

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Reason for AU only on 2nd break: not enough strenght, no signal on 1st level

Reason for CJ only on 2nd break: strong but still below LWMAs

Have a great day everybody!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,892
  • Sep 29, 2014 7:31pm Sep 29, 2014 7:31pm
EJ & GJ TP
Done for the day.
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I've been winning, but I still don't know why I win.
I feel I'm just lucky. I'm afraid of the discontinuence of my luck.
I think most of my tradings are based on my feelings. Nothing firm.
Anyway, thanks Udine. This method is easy to do.
And its reason is you don't have to think about entries and exits.
You can focus on trends and volatilities. That reduces the stress of your brain.
My hope has been almost completely shattered, but not completely yet
  • #18,893
  • Sep 29, 2014 10:14pm Sep 29, 2014 10:14pm
Hey all - just looking to get some feedback here on this losing trade. Got whipsawed out of what would have been a winning position. Is there anything wrong with this one or was it just one of those things? It's happened twice to me now in as many days, the position just hits the SL before moving to the TP.

Should I have entered on the 00 level below? Should I not have entered at all?

At least I am right about the direction, but I defiantly need to work on my timing.
Attached Image
  • #18,894
  • Sep 29, 2014 10:28pm Sep 29, 2014 10:28pm
Quoting scottik187
Hey all - just looking to get some feedback here on this losing trade. Got whipsawed out of what would have been a winning position. Is there anything wrong with this one or was it just one of those things? It's happened twice to me now in as many days, the position just hits the SL before moving to the TP. Should I have entered on the 00 level below? Should I not have entered at all? At least I am right about the direction, but I defiantly need to work on my timing. {image}
There was New Zealand red news during that hour. Australia often follows along due to the close association between the two countries. I think that may be cause of the whipsaw...

pgq
  • #18,895
  • Sep 29, 2014 10:34pm Sep 29, 2014 10:34pm
Quoting pquin
{quote} There was New Zealand red news during that hour. Australia often follows along due to the close association between the two countries. I think that may be cause of the whipsaw... pgq
There was China news, that I noticed afterwards ... I think if I waited the 30 mins it wouldn't have happened. Lesson learned, 10 burpees to follow.
  • #18,896
  • Sep 29, 2014 10:50pm Sep 29, 2014 10:50pm
Quoting scottik187
Hey all - just looking to get some feedback here on this losing trade. Got whipsawed out of what would have been a winning position. Is there anything wrong with this one or was it just one of those things? It's happened twice to me now in as many days, the position just hits the SL before moving to the TP. Should I have entered on the 00 level below? Should I not have entered at all? At least I am right about the direction, but I defiantly need to work on my timing. {image}
Pls change the parameter of TFBar in M-Candles indicator to 240 when using H1 chart otherwise it's useless.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,897
  • Sep 29, 2014 11:25pm Sep 29, 2014 11:25pm
Quoting JibalaPasan
{quote} Pls change the parameter of TFBar in M-Candles indicator to 240 when using H1 chart otherwise it's useless. Jibala
Ah yeah, thanks. Have been using 15min charts but am moving between the two trying to find my feet and what I like the most.
  • #18,898
  • Sep 30, 2014 1:31am Sep 30, 2014 1:31am
Quoting scottik187
Hey all - just looking to get some feedback here on this losing trade. Got whipsawed out of what would have been a winning position. Is there anything wrong with this one or was it just one of those things? It's happened twice to me now in as many days, the position just hits the SL before moving to the TP. Should I have entered on the 00 level below? Should I not have entered at all? At least I am right about the direction, but I defiantly need to work on my timing. {image}

besides all the news... its so simple,

look at the ASH indi.. it was green and you went short....

Udine
Sleep less, live fast, as it aint gonna last
  • #18,899
  • Sep 30, 2014 1:32am Sep 30, 2014 1:32am
A bit late again, but I also have many other things to do.

Trade #1 NCHF TP.

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Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #18,900
  • Sep 30, 2014 1:33am Sep 30, 2014 1:33am
btw good morning all..

pm's replied..

new day, new opportunities to .......


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