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As simple as possible: 00 level trading

  • #20,281
  • Oct 27, 2014 2:35am Oct 27, 2014 2:35am
Quoting Udine
good morning all, new week, new day, new profits ahead.. enjoy the ride.. Udine
Good Morning!

Lets start the week.

Greetz Michael
  • #20,282
  • Edited 3:04am Oct 27, 2014 2:39am | Edited 3:04am
Trade #1

GBPUSD +5 TP

Comment: trade taken prior to London on a market time -1 hour! Screen shot deleted to avoid any confusion!

Masterrmind........
Master your Mind then Master your Trades
  • #20,283
  • Oct 27, 2014 2:54am Oct 27, 2014 2:54am
Quoting Masterrmind
Trade #1 GBPUSD +5 TP {image} Masterrmind........

May im wrong but i think london opens in 7 min?!

Greetz Michael
  • #20,284
  • Oct 27, 2014 2:59am Oct 27, 2014 2:59am
Quoting mwsteiner
{quote} May im wrong but i think london opens in 7 min?! Greetz Michael
You are right MWSTEINER, the indicator is shifted since the Broker isn't GMT, I'm facing the same issue.
The only issue with this trade is the no respect of the rules: @ FF open the only levels allowed are 0.4, 0.5 & 0.6 (10 Burpees for MM)

Stay green.
BilboFX
  • #20,285
  • Oct 27, 2014 3:02am Oct 27, 2014 3:02am
GJ +5
Attached Image
My hope has been almost completely shattered, but not completely yet
  • #20,286
  • Oct 27, 2014 3:03am Oct 27, 2014 3:03am
Quoting mwsteiner
{quote} May im wrong but i think london opens in 7 min?! Greetz Michael
Yes that's right.....chart +1 hour now

Thank you

Masterrmind.............
Master your Mind then Master your Trades
  • #20,287
  • Oct 27, 2014 3:08am Oct 27, 2014 3:08am
Quoting Masterrmind
{quote} Yes that's right.....chart +1 hour now Thank you Masterrmind.............


Thanks

Michael
  • #20,288
  • Oct 27, 2014 3:11am Oct 27, 2014 3:11am
AUDUSD +5 pips. So far 6 winners and no losers. All trades taken in correct direction of strong Daily trend.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdc-h1.png Size: 66 KB
Observation is the path to discovery.
  • #20,289
  • Oct 27, 2014 3:43am Oct 27, 2014 3:43am
[quote=Alorente;7825685]AUDUSD +5 pips. So far 6 winners and no losers. All trades taken in correct direction of strong Daily trend.

Hello Al,

why you didn't open the next sell order with 0.87900?
  • #20,290
  • Oct 27, 2014 3:55am Oct 27, 2014 3:55am
[quote=Meta1;7825743]
Quoting Alorente
AUDUSD +5 pips. So far 6 winners and no losers. All trades taken in correct direction of strong Daily trend. Hello Al, why you didn't open the next sell order with 0.87900?
Fourth H1 red candle in a row. The odds are against a fifth . I wait for a consolidation and then set the sell stop again on the first H1 turning red.

My ideal entry (Stop Order placement) is seeing two or more countertrend candles, followed by a turn to trend again.
Observation is the path to discovery.
  • #20,291
  • Oct 27, 2014 3:59am Oct 27, 2014 3:59am
AU -10 SL
Anybody can help suggesting what was wrong with this trade ?
Attached Image (click to enlarge)
Click to Enlarge Name: AU_SL.png Size: 46 KB
Porta itineris dicitur longissima esse
  • #20,292
  • Oct 27, 2014 4:00am Oct 27, 2014 4:00am
Ej +5 tp
gj +1,5 ts

Attached Image
Attached Image
  • #20,293
  • Oct 27, 2014 4:06am Oct 27, 2014 4:06am
Good morning everyone,

I hope we all have a green and profitable week.

GJ & GU to TP

Thanks
BB.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ.jpg Size: 199 KB
Click to Enlarge Name: GU.jpg Size: 134 KB
  • #20,294
  • Oct 27, 2014 4:21am Oct 27, 2014 4:21am
[quote=bubincka;7825785]AU -10 SL Anybody can help suggesting what was wrong with this trade ?


Hello bubincka,

on 0.87900 we see "extremely oversold" - line for D1 and "Major Support / Resistance" - line for H1.
I use Murrey math indi.
  • #20,295
  • Oct 27, 2014 4:24am Oct 27, 2014 4:24am
Quoting bubincka
AU -10 SL Anybody can help suggesting what was wrong with this trade ? {image}
@bubincka
I cannot see anything wrong at all.
As a matter of fact I took the trade myself and I am still looking at the chart in disbelief on how all of a sudden "things changed".
The market sometimes turns around and there´s not much you can do about it.
There will be other opportunities...

flx69
  • #20,296
  • Oct 27, 2014 4:31am Oct 27, 2014 4:31am
Trade #2

USDCHF +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB


Done for the day!

Masterrmind...........
Master your Mind then Master your Trades
  • #20,297
  • Oct 27, 2014 4:34am Oct 27, 2014 4:34am
[quote=Meta1;7825830]
Quoting bubincka
AU -10 SL Anybody can help suggesting what was wrong with this trade ? Hello bubincka, on 0.87900 we see "extremely oversold" - line for D1 and "Major Support / Resistance" - line for H1. I use Murrey math indi.
Hi Meta1, I only look at RmUp/RmDn do establish overbought-oversold levels and at entry there were more than 60 pips! Anyway, thank you for your answer.
Porta itineris dicitur longissima esse
  • #20,298
  • Oct 27, 2014 4:38am Oct 27, 2014 4:38am
Quoting flx69
{quote} @bubincka I cannot see anything wrong at all. As a matter of fact I took the trade myself and I am still looking at the chart in disbelief on how all of a sudden "things changed". The market sometimes turns around and there´s not much you can do about it. There will be other opportunities... flx69
Hi flx69, it's not the first time I am caught off guard and specially this happens to me with AUD pairs. I think the problem in my case is that I trust too much a currency strength meter, forgetting that what is tells has already happened, while things are in fact changing, as it is for all indicators.

Best,
Bubincka
Porta itineris dicitur longissima esse
  • #20,299
  • Oct 27, 2014 4:45am Oct 27, 2014 4:45am
Quoting bubincka
{quote} Hi flx69, it's not the first time I am caught off guard and specially this happens to me with AUD pairs. I think the problem in my case is that I trust too much a currency strength meter, forgetting that what is tells has already happened, while things are in fact changing, as it is for all indicators. Best, Bubincka
Everything was ok with AUD, took also SL. Thing is AU ADR<100 and AJ>100 today. So only trade higher ADR pairs
  • #20,300
  • Oct 27, 2014 4:52am Oct 27, 2014 4:52am
Quoting Alorente
AUDUSD +5 pips. So far 6 winners and no losers. All trades taken in correct direction of strong Daily trend. {image}
what is the name of your money management indy
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