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As simple as possible: 00 level trading

  • #20,061
  • Oct 21, 2014 3:53am Oct 21, 2014 3:53am
Quoting Masterrmind
{quote} My favorite from this lot would have to be CADJPY .......... it has served me well! Masterrmind..........
Many thanks for the heads up MM. I´ve chucked out the NZDCAD and included this one on my watch list.

See if I get post some charts with green pips of this pair...

flx69
  • #20,062
  • Oct 21, 2014 4:07am Oct 21, 2014 4:07am
Hi guys,

Sorry if this is too newbie, but does anyone know specifically what rule 11 means? "11. Check ADR". Is unspecific, so im guessing its supposed to be something obvious that I dont know. I would guess Average Daily Range, but check what? on the charts. on the gbpusd chart today for instance there is an ADR reading of 80 and an ADR reading of 124 both labelled ADR.

Id rather not gamble so I thought Id see if anyone knows,

many thanks
  • #20,063
  • Oct 21, 2014 4:13am Oct 21, 2014 4:13am
Quoting flx69
{quote} Many thanks for the heads up MM. I´ve chucked out the NZDCAD and included this one on my watch list. See if I get post some charts with green pips of this pair... flx69
Funny part though is that when it comes down to it....its the chart you trade not necessarily the pair!

In other words the name of the given pairs should not be the deciding factor as to whether or not you trade it.

But rather the information you see on the chart because a certain pair might be very tradeable one day and not so tradeable the next.

Large spreads can also be a reason not to bother trading a particular pair as well.

Hopefully whatever we do trade in the end is profitable!

Masterrmind..........
Master your Mind then Master your Trades
  • #20,064
  • Oct 21, 2014 4:34am Oct 21, 2014 4:34am
All of a sudden EUR sank with respect to all other currencies ...
Porta itineris dicitur longissima esse
  • #20,065
  • Oct 21, 2014 4:42am Oct 21, 2014 4:42am
Quoting the9kill
Hi guys, Sorry if this is too newbie, but does anyone know specifically what rule 11 means? "11. Check ADR". Is unspecific, so im guessing its supposed to be something obvious that I dont know. I would guess Average Daily Range, but check what? on the charts. on the gbpusd chart today for instance there is an ADR reading of 80 and an ADR reading of 124 both labelled ADR. Id rather not gamble so I thought Id see if anyone knows, many thanks
Show your chart pls.
  • #20,066
  • Oct 21, 2014 4:43am Oct 21, 2014 4:43am
Quoting the9kill
Hi guys, Sorry if this is too newbie, but does anyone know specifically what rule 11 means? "11. Check ADR". Is unspecific, so im guessing its supposed to be something obvious that I dont know. I would guess Average Daily Range, but check what? on the charts. on the gbpusd chart today for instance there is an ADR reading of 80 and an ADR reading of 124 both labelled ADR. Id rather not gamble so I thought Id see if anyone knows, many thanks

sure anyone knows, so should you

if the ADR has been reached it is wise not to trade that pair anymore..

Udine
Sleep less, live fast, as it aint gonna last
  • #20,067
  • Oct 21, 2014 5:07am Oct 21, 2014 5:07am
#2 GBPUSD out with TS
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 54 KB
  • #20,068
  • Oct 21, 2014 6:16am Oct 21, 2014 6:16am
#3 EURJPY out with TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 58 KB
  • #20,069
  • Oct 21, 2014 7:03am Oct 21, 2014 7:03am
evening all. trying to be more selective .. todays wins using a TS once im well in the money with strong action
Attached Image (click to enlarge)
Click to Enlarge Name: tue14oct.jpg Size: 164 KB
Whats That? you're trading What?
  • #20,070
  • Oct 21, 2014 7:04am Oct 21, 2014 7:04am
#4 EURJPY out with TS
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH1.png Size: 56 KB
  • #20,071
  • Oct 21, 2014 7:13am Oct 21, 2014 7:13am
#5 EURUSD out with TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 67 KB
  • #20,072
  • Oct 21, 2014 7:28am Oct 21, 2014 7:28am
#6 GBPUSD to SL

Taking forever today, currently @ -1.64%
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 53 KB
  • #20,073
  • Oct 21, 2014 7:41am Oct 21, 2014 7:41am
USDCAD Short 1.1240 TP

Attached Image (click to enlarge)
Click to Enlarge Name: 21 Oct USDCAD.png Size: 25 KB


- For some reason, my RgH and RgL are wrong.
  • #20,074
  • Edited 9:03am Oct 21, 2014 7:44am | Edited 9:03am
eu +5
gu +5
bonus
  • #20,075
  • Oct 21, 2014 8:06am Oct 21, 2014 8:06am
Quoting Anusragger
#6 GBPUSD to SL Taking forever today, currently @ -1.64% {image}

not smart, tooo close to Daily open, = no clear trend...

let the market show its face (= direction = trend)....

Udine
Sleep less, live fast, as it aint gonna last
  • #20,076
  • Oct 21, 2014 8:19am Oct 21, 2014 8:19am
Quoting finfresh
USDCAD Short 1.1240 TP {image} - For some reason, my RgH and RgL are wrong.
You traded second level, but pips in the pocket are most important.
Congrats.
  • #20,077
  • Oct 21, 2014 8:22am Oct 21, 2014 8:22am
Quoting Udine
{quote} not smart, tooo close to Daily open, = no clear trend... let the market show its face (= direction = trend).... Udine
It was 9 pips away. I thought that's enough. What do you consider too close? Or do you mean the candle open is too close to DO? I agree with the lack of trend.

#7 EURUSD to TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 54 KB


edit: @ entry RmDn was green
  • #20,078
  • Oct 21, 2014 8:35am Oct 21, 2014 8:35am
Quoting Anusragger
{quote} It was 9 pips away. I thought that's enough. What do you consider too close? Or do you mean the candle open is too close to DO? I agree with the lack of trend. #7 EURUSD to TP {image} edit: @ entry RmDn was green

look at your chart, its ranging, there is no clear trend... (pissing around the DO)


its NO LOW RISK ENTRY....

Udine
Sleep less, live fast, as it aint gonna last
  • #20,079
  • Oct 21, 2014 8:38am Oct 21, 2014 8:38am
Quoting Udine
{quote} look at your chart, its ranging, there is no clear trend... (pissing around the DO) its NO LOW RISK ENTRY.... Udine
My take on it was lower low - lower high: new trend down.
  • #20,080
  • Oct 21, 2014 8:38am Oct 21, 2014 8:38am
Quoting iwan73
{quote} You traded second level, but pips in the pocket are most important. Congrats.
Yes second level. It barely went above the previous level, so I decided that the next level was good enough, since the direction was clear and confluence was good. I was watching CADJPY at 95.00 as well (2nd level, a bit riskier, but previous level was 0.9, so 95.00 was next best) but wasn't quick enough. Cheers.
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