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As simple as possible: 00 level trading

  • #20,101
  • Oct 22, 2014 2:18am Oct 22, 2014 2:18am
Quoting JibalaPasan
{quote} Thats the opposite of the system! Look my chart, 1st 00-level @200 too close to OPEN. 2nd 00-level is @100 already, thus no trade! 3rd 00-level @000 BRN? Only 1st break, so I didn't get anhthing of that nice move, although it was a very clear short! Just to stay with the rules! @900 I will not take anymore because of resistance zone. {image} On the other hand there are pairs enough to choose from, thus I took a nice level 1 signal on AUDUSD. {image} {image} Half way done! Let's see if there will be some more. Jibala
Clear. With "Udine's pairs" I've got a little experience and I am confident, much less with others ... but following you and other expert traders I'm learning fast
Porta itineris dicitur longissima esse
  • #20,102
  • Oct 22, 2014 5:26am Oct 22, 2014 5:26am
Trade #4 o/t day: AJ to TP.

flx69
Attached Image (click to enlarge)
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  • #20,103
  • Oct 22, 2014 6:07am Oct 22, 2014 6:07am
Tade #5 o/t day: UJ out by TS.

flx69
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  • #20,104
  • Oct 22, 2014 6:22am Oct 22, 2014 6:22am
Tough day for me : EU - SL, AU - SL
  • #20,105
  • Oct 22, 2014 6:25am Oct 22, 2014 6:25am
Quoting Andrew79
Tough day for me : EU - SL, AU - SL

show chart please


Edit: although my guess is that you went in on both EU and AU about 30 minutes after the RED USD NEWS...
the red news created long down candles...

look in the past how often long candles after red news, retraced ....
not really low risk entries..

expensive lesson learned...

Udine
Sleep less, live fast, as it aint gonna last
  • #20,106
  • Oct 22, 2014 6:36am Oct 22, 2014 6:36am
Quoting flx69
Tade #5 o/t day: UJ out by TS. flx69 {image}
Same trade, but without insurance ... -10 SL. UJ, One of the most difficult pairs for me.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ_SL.png Size: 40 KB
Porta itineris dicitur longissima esse
  • #20,107
  • Oct 22, 2014 6:38am Oct 22, 2014 6:38am
Quoting Udine
{quote} show chart please Edit: although my guess is that you went in on both EU and AU about 30 minutes after the RED USD NEWS... the red news created long down candles... look in the past how often long candles after red news, retraced .... not really low risk entries.. expensive lesson learned... Udine
Made my pips in the morning, so made the same trades on the demo and got SL as well. Don't clearly understand why, but your explanation made it more clearly.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusd.jpg Size: 226 KB
  • #20,108
  • Oct 22, 2014 6:43am Oct 22, 2014 6:43am
please go over past charts and look after red news...

when red news created long candles... how often it retraces, instead of simply continue in the same direction ???

EURUSD
USDJPY
AUDUSD

etc.. all the same results

I know it is according to the rules (30 minutes after the red news.... but is it really a low risk entry ????

Udine
Sleep less, live fast, as it aint gonna last
  • #20,109
  • Oct 22, 2014 6:45am Oct 22, 2014 6:45am
Au - sl

Attached Image



eu - sl

Attached Image
  • #20,110
  • Oct 22, 2014 6:47am Oct 22, 2014 6:47am
Quoting Andrew79
Au - sl {image} eu - sl {image}

thx Andrew,

confirms my thoughts..

replied in previous posts

Udine
Sleep less, live fast, as it aint gonna last
  • #20,111
  • Oct 22, 2014 6:51am Oct 22, 2014 6:51am
I was hoping that momentum will carry , but it didn't work out. I'll certainly learn from this, needed a to see a retracement first after such long candles .


Thanks, Udine
  • #20,112
  • Oct 22, 2014 6:54am Oct 22, 2014 6:54am
Quoting Andrew79
I was hoping that momentum will carry , but it didn't work out. I'll certainly learn from this, needed a to see a retracement first after such long candles . Thanks, Udine

been there...

but realized hope is not for forex , otherwise I would be way better off than I am now

that is the problem with momentum... you never know for how long it will continue..

Udine
Sleep less, live fast, as it aint gonna last
  • #20,113
  • Oct 22, 2014 6:58am Oct 22, 2014 6:58am
Thank you, Udine, for your explanation!
  • #20,114
  • Oct 22, 2014 7:03am Oct 22, 2014 7:03am
Good luck everyone!

Not a lot I want to risk my $$$ on so I'm calling it a day.

Time for rest

Masterrmind........
Master your Mind then Master your Trades
  • #20,115
  • Oct 22, 2014 7:06am Oct 22, 2014 7:06am
Quoting Masterrmind
Good luck everyone! Not a lot I want to risk my $$$ on so I'm calling it a day. Time for rest Masterrmind........

have a nice evening/night

Udine
Sleep less, live fast, as it aint gonna last
  • #20,116
  • Oct 22, 2014 7:08am Oct 22, 2014 7:08am
#1 EJ very bleak market today.
Attached Image
  • #20,117
  • Oct 22, 2014 7:16am Oct 22, 2014 7:16am
Hi Snail, difficult to spot this... as you say there's no much to do today on EJ, so which PA pattern did you use to place this winnin order ?
Porta itineris dicitur longissima esse
  • #20,118
  • Oct 22, 2014 7:51am Oct 22, 2014 7:51am
Quoting bubincka
Hi Snail, difficult to spot this... as you say there's no much to do today on EJ, so which PA pattern did you use to place this winnin order ?

AB=CD
Attached Image
  • #20,119
  • Oct 22, 2014 8:05am Oct 22, 2014 8:05am
#2 AU same story
Attached Image
  • #20,120
  • Oct 22, 2014 8:06am Oct 22, 2014 8:06am
AU +5 TP
Comment: entered 38 secs before closing of prev hour not to lose 1st lvl
Attached Image (click to enlarge)
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Porta itineris dicitur longissima esse
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