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As simple as possible: 00 level trading

  • #21,161
  • Nov 11, 2014 8:18am Nov 11, 2014 8:18am
Quoting bugyibuci
{quote} What do you mean Udine? ASH and HA was green as well, I would have thought that is a valid entry. Can you please explain in a bit more detail? Thanks BB.

but the candle was not closed to confirm the ASH and HA stay green

so too early..

Udine
Sleep less, live fast, as it aint gonna last
  • #21,162
  • Nov 11, 2014 8:19am Nov 11, 2014 8:19am
Quoting Udine
{quote} but the candle was not closed to confirm the ASH and HA stay green so too early.. Udine
Ok, I see. Thanks Udine
  • #21,163
  • Nov 11, 2014 8:20am Nov 11, 2014 8:20am
Quoting bugyibuci
{quote} What do you mean Udine? ASH and HA was green as well, I would have thought that is a valid entry. Can you please explain in a bit more detail? Thanks BB.
Post 21146...
  • #21,164
  • Nov 11, 2014 8:20am Nov 11, 2014 8:20am
Quoting Asmodai
@bugy I think you should wait for the candle to close green for confirmation. Right, Udine?? The HA candle was what i meant. Asmodai
Thank you
  • #21,165
  • Nov 11, 2014 8:21am Nov 11, 2014 8:21am
Quoting snail69
{quote} Post 21146...
Thanks. I must have missed that one!
  • #21,166
  • Nov 11, 2014 8:23am Nov 11, 2014 8:23am
udine,i hope nothing is wrong with this trade?
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  • #21,167
  • Nov 11, 2014 8:28am Nov 11, 2014 8:28am
Quoting justomonla
udine,i hope nothing is wrong with this trade?{image}
Hey,
for me this trade would be too risky. EURUSD is in a downtrend and previously couldn't go over 400. So I would keep calm and wait for another opportunity when situation is more clear
  • #21,168
  • Nov 11, 2014 8:28am Nov 11, 2014 8:28am
Quoting justomonla
udine,i hope nothing is wrong with this trade?{image}

Why do you trade??

US is closed...

Udine
Sleep less, live fast, as it aint gonna last
  • #21,169
  • Nov 11, 2014 8:29am Nov 11, 2014 8:29am
Quoting justomonla
udine,i hope nothing is wrong with this trade?{image}
hit sl, 2loses and 1 win so far.any fault with this trade?
  • #21,170
  • Nov 11, 2014 8:30am Nov 11, 2014 8:30am
Quoting Udine
{quote} Why do you trade?? US is closed... Udine
what do you mean by us is closed?
  • #21,171
  • Nov 11, 2014 8:32am Nov 11, 2014 8:32am
Quoting Udine
{quote} Why do you trade?? US is closed... Udine
what do you mean by us is closed? thought i could trade 1hr after news?
  • #21,172
  • Nov 11, 2014 8:34am Nov 11, 2014 8:34am
Quoting snail69
{quote} Indeed adr was extended at the time of your entry, but in case you trade 1 H cndles , you were 1 level late. It suppose to be first of the new candle and that was +5. The biggest problem is however ADR. The best entry was after those 3 red 15 min candles right after CD part started of the whole AB=CD. Before Frankfurt open. Sorry can not attach pic. On ipad and not trading today.
Hi snail69,

When I was backtesting the H1 strategy for the last two weeks one of the best (if not the best one) day was 5th of November at AU, it was below RdDn for the whole day since LO and the momentum was so huge that it kept hitting new lows providing a lot of opportunities for those trading by the classic rules. I haven't thoroughly looked further in history, but based on that day I got a feeling that RmUp/RmDn is actually not that important. Based on your experience guys, was that day just an exception?

Concerning that EJ trade, do you mean the following setup:
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  • #21,173
  • Nov 11, 2014 8:35am Nov 11, 2014 8:35am
Quoting justomonla
{quote} what do you mean by us is closed? thought i could trade 1hr after news?
bank holiday
  • #21,174
  • Nov 11, 2014 8:38am Nov 11, 2014 8:38am
Quoting Takeo
{quote} bank holiday
so this means all us pairs shouldn't be traded or don't trade at us open and is the holiday just for a day?
  • #21,175
  • Nov 11, 2014 8:39am Nov 11, 2014 8:39am
Quoting justomonla
{quote} what do you mean by us is closed? thought i could trade 1hr after news?

When you dont know what I mean, stick to demo trading..

Udine
Sleep less, live fast, as it aint gonna last
  • #21,176
  • Nov 11, 2014 8:42am Nov 11, 2014 8:42am
Quoting Udine
{quote} When you dont know what I mean, stick to demo trading.. Udine
offcourse i am demo trading,that is why i am asking all the questions now
  • #21,177
  • Nov 11, 2014 8:46am Nov 11, 2014 8:46am
Quoting justomonla
udine,i hope nothing is wrong with this trade?{image}
In my opinion it was risky as the price was close to the big mother EMA200 (a magenta line).
Attached Image (click to enlarge)
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  • #21,178
  • Nov 11, 2014 8:48am Nov 11, 2014 8:48am
Quoting Stingr
{quote} Hi snail69, When I was backtesting the H1 strategy for the last two weeks one of the best (if not the best one) day was 5th of November at AU, it was below RdDn for the whole day since LO and the momentum was so huge that it kept hitting new lows providing a lot of opportunities for those trading by the classic rules. I haven't thoroughly looked further in history, but based on that day I got a feeling that RmUp/RmDn is actually not that important. Based on your experience guys, was that day just an exception? Concerning that EJ trade, do...
1). I respect 5 day average ADR

2). Yes that abcd
  • #21,179
  • Nov 11, 2014 9:11am Nov 11, 2014 9:11am
trying to make up for my losses +5
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  • #21,180
  • Nov 11, 2014 9:15am Nov 11, 2014 9:15am
Quoting justomonla
udine,i hope nothing is wrong with this trade?{image}
Actually it is. On left you have a clean red pole. Top of it serves as resistace.
Attached is pic where you can see. 2x ab=cd, after that there is change of direction. After second there is clear abc marked by arrows which means change of trend.
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