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As simple as possible: 00 level trading

  • #20,581
  • Nov 3, 2014 3:11am Nov 3, 2014 3:11am
Quoting asithaya
here it is {image}
Asithaya, go to min 15 mins , 5 mins will take you nowhere in a long run. Too much noise. Been there.....
  • #20,582
  • Edited 3:57am Nov 3, 2014 3:13am | Edited 3:57am
#4 GU - 10 premature entry and result is adequate.
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  • #20,583
  • Nov 3, 2014 3:14am Nov 3, 2014 3:14am
EJ to SL. I don't see anything wrong with the entry. Guess just unlucky trade.
Attached Image
  • #20,584
  • Nov 3, 2014 3:14am Nov 3, 2014 3:14am
Quoting snail69
#4 GU -5 premature entry and result is adequate. {image}

your entering just before RED NEWS ...

you should know better

Udine
Sleep less, live fast, as it aint gonna last
  • #20,585
  • Nov 3, 2014 3:14am Nov 3, 2014 3:14am
#5 CJ +10 let it run to finish harmonics.
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  • #20,586
  • Nov 3, 2014 3:15am Nov 3, 2014 3:15am
Quoting Andrew79
EJ to SL. I don't see anything wrong with the entry. Guess just unlucky trade. {image}
Good morning everyone,

Same here EJ to SL...

Green pips to all.

BB
  • #20,587
  • Nov 3, 2014 3:16am Nov 3, 2014 3:16am
#6 UJ +5 same here as CJ but less available.
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  • #20,588
  • Nov 3, 2014 3:16am Nov 3, 2014 3:16am
Quoting asithaya
here it is {image}
YES!

The 1st valid level is @400 which is also valid through the Frankfurt session of which you are displaying.

Going long is not an option since you are under the DO that is ONLY shorts are possible by the rules.

Masterrmind...........
Master your Mind then Master your Trades
  • #20,589
  • Nov 3, 2014 3:16am Nov 3, 2014 3:16am
Quoting Udine
{quote} not going to discuss situations on the 5M chart.. change your chart to 15M or 1H please Udine
ok sorry, here it is .. isn't this violate #2. Entry ONLY the FIRST 00 level
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gEt BusY LiVinG oR Get bUsy dyIng
  • #20,590
  • Nov 3, 2014 3:18am Nov 3, 2014 3:18am
Quoting Masterrmind
{quote} YES! The 1st valid level is @400 which is also valid through the Frankfurt session of which you are displaying. Going long is not an option since you are under the DO that is ONLY shorts are possible by the rules. Masterrmind...........
sorry for posting again, ok , the rule is " trade only the first VALID 00 level "
thank you guys
gEt BusY LiVinG oR Get bUsy dyIng
  • #20,591
  • Nov 3, 2014 3:18am Nov 3, 2014 3:18am
Quoting asithaya
{quote} ok sorry, here it is .. isn't this violate #2. Entry ONLY the FIRST 00 level {image}
400 level is valid and correct!

Masterrmind.........
Master your Mind then Master your Trades
  • #20,592
  • Nov 3, 2014 3:18am Nov 3, 2014 3:18am
EA to SL. Good set up , bad outcome. Tough start for the week.
Attached Image
  • #20,593
  • Nov 3, 2014 3:20am Nov 3, 2014 3:20am
Quoting Andrew79
EJ to SL. I don't see anything wrong with the entry. Guess just unlucky trade. {image}
Andrew have a look what you bough into. You have a resistance wall and all after AB=CD.
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  • #20,594
  • Nov 3, 2014 3:22am Nov 3, 2014 3:22am
Quoting Udine
{quote} your entering just before RED NEWS ... you should know better Udine
  • #20,595
  • Nov 3, 2014 3:23am Nov 3, 2014 3:23am
Quoting Andrew79
EA to SL. Good set up , bad outcome. Tough start for the week. {image}
You took that trade attempting to go long ?

Only 1 problem with that line of thought.....you are almost right on top of the weekly pivot @ 1.4301 = Very bad idea = SL.

Masterrmind........
Master your Mind then Master your Trades
  • #20,596
  • Nov 3, 2014 3:24am Nov 3, 2014 3:24am
Trade #2 EJ touched SL

Greetz Michael
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  • #20,597
  • Nov 3, 2014 3:24am Nov 3, 2014 3:24am
my another SL HIT
anyone can help me...
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  • #20,598
  • Nov 3, 2014 3:28am Nov 3, 2014 3:28am
Quoting Masterrmind
{quote} You took that trade attempting to go long ? Only 1 problem with that line of thought.....you are almost right on top of the weekly pivot @ 1.4301 = Very bad idea = SL. Masterrmind........
Thanks for the explanation, I have only daily pivot on my chart. I will put a weekly one as well.
  • #20,599
  • Nov 3, 2014 3:29am Nov 3, 2014 3:29am
Quoting asithaya
{quote} ok sorry, here it is .. isn't this violate #2. Entry ONLY the FIRST 00 level {image}

1. at what level did the previous 1H candle close ???
2. so what is the first 00 level ??

Udine
Sleep less, live fast, as it aint gonna last
  • #20,600
  • Nov 3, 2014 3:32am Nov 3, 2014 3:32am
Trade #2

EURCAD +5 TP

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Comment: Done for the day!

Masterrmind..........
Master your Mind then Master your Trades
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