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As simple as possible: 00 level trading

  • #21,361
  • Nov 13, 2014 5:58am Nov 13, 2014 5:58am
Quoting Takeo
{quote} I think entry would have been 1 candle before. It wouldn't have changed a thing though. However your trade is not to the rules I think.
You're right. But in this case final outcome won't change because considering previous candle (red and open @ 144.099) first 50/00 level would have been again @ 144.100
Porta itineris dicitur longissima esse
  • #21,362
  • Nov 13, 2014 6:01am Nov 13, 2014 6:01am
Quoting Udine
{quote} nope, but with my script I did not get in @ .100... and my pending is @ .150 Udine
Sorry Udine, but the first 50/00 after change color & confirmation was @ 144.100 and not @ 144.150. Can you please explain the reason why .150 ?
Porta itineris dicitur longissima esse
  • #21,363
  • Nov 13, 2014 6:03am Nov 13, 2014 6:03am
Quoting bubincka
{quote} sorry udine, but the first 50/00 after change color & confirmation was @ 144.100 and not @ 144.150. Can you please explain the reason why .150 ?

do you ever read when i reply ????

you want to be on ignore ?????

udine
Sleep less, live fast, as it aint gonna last
  • #21,364
  • Nov 13, 2014 6:04am Nov 13, 2014 6:04am
I am out of here

stay green

Udine
Sleep less, live fast, as it aint gonna last
  • #21,365
  • Nov 13, 2014 6:04am Nov 13, 2014 6:04am
Quoting bubincka
{quote} Sorry Udine, but the first 50/00 after change color & confirmation was @ 144.100 and not @ 144.150. Can you please explain the reason why .150 ?
you shouldn't ask that question again. Udine is loosing patience. His script didn't let him, because entry was to close to actual price

Quote
but guys, girls,

please read what i reply...

I wrote: nope, but with my script I did not get in @ .100... and my pending is @ .150

does that mean I cannot trade .00 levels??? Nope...

it simply means that the price was too close to the .100 level for me to enter...

starting to loose patience here..

time for a break: lunch time !!!

Udine
  • #21,366
  • Nov 13, 2014 6:14am Nov 13, 2014 6:14am
Quoting bubincka
{quote} Sorry Udine, but the first 50/00 after change color & confirmation was @ 144.100 and not @ 144.150. Can you please explain the reason why .150 ?
bubincka, would you be so kind as to read carefully replies _before_ asking questions?
  • #21,367
  • Nov 13, 2014 6:26am Nov 13, 2014 6:26am
Quoting musicant
{quote} Other words You can't trade .00 levels? It's very comlicated because in case EU you got .700
Things are not complicated.
It´s people that tend to complicate things.
The "rules" of both systems are very clear.
But instead of "rules", maybe it´s better to speak of "guidelines".

The guidelines say, this system uses pending orders only.
A pending order should be placed at the next 00 or 50 level when x or y criteria are complied.
Now, if a bar (like in this particular case) closes at 0.99, it´s mission impossible to place a pending long order at .100.
Why ? Because a 0.01 pip difference, taking spread and some reaction time into account, hardly give the opportunity "to get in".
Not even if you have a supa dupa deluxe pending order script.
As a consequence, some traders will set a pending for the next level, which would be the .150 level.
Some traders will not set a pending at all, because they don´t manage to at the .100 level.
Some traders might wait for a retrace (if any) and then get in at the .100 level.

Confusing ? Well, not everything in trading is black and white.
There are many shades of grey, let´s say these shades represent the discretionary part of trading.
The "systems" are merely guidelines to help stacking the opportunities in your favour.
The rest my friend, is a lot of practice and a helluva lot of chart time.

Hope this clears up things a bit.

flx69
  • #21,368
  • Nov 13, 2014 6:30am Nov 13, 2014 6:30am
Bonus trade: GJ to TP.

flx69
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  • #21,369
  • Nov 13, 2014 6:31am Nov 13, 2014 6:31am
GBPJPY at BE +1p
Again lost patience and closed manually. But anyway +1p is better than -10p, too scared because GBPUSD is still at the year's low.
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  • #21,370
  • Nov 13, 2014 6:34am Nov 13, 2014 6:34am
Quoting Stingr
{quote} bubincka, would you be so kind as to read carefully replies _before_ asking questions?
I asked the question to Udine and I've already received its fair reproach. No need for other masters with red pen, please.
Porta itineris dicitur longissima esse
  • #21,371
  • Nov 13, 2014 6:35am Nov 13, 2014 6:35am
Nice work Flx69 ... lays it out in black and white ...
Whats That? you're trading What?
  • #21,372
  • Nov 13, 2014 6:35am Nov 13, 2014 6:35am
GJ to TP
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_TP.png Size: 43 KB
Porta itineris dicitur longissima esse
  • #21,373
  • Nov 13, 2014 6:56am Nov 13, 2014 6:56am
Trade #1 and Trade #2

EURAUD +5 TP

Attached Image (click to enlarge)
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AUDUSD +5 TP

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Comment: Bank holiday mode but winners can still be had!

Done for the day!

Masterrmind...........
Master your Mind then Master your Trades
  • #21,374
  • Nov 13, 2014 7:04am Nov 13, 2014 7:04am
Bonus trade: another one bites the dust - GJ to TP.

Inserted Video


flx69
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  • #21,375
  • Nov 13, 2014 7:04am Nov 13, 2014 7:04am
GJ to TP again, this time using original H1 strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_TP.png Size: 43 KB
Porta itineris dicitur longissima esse
  • #21,376
  • Nov 13, 2014 7:05am Nov 13, 2014 7:05am
nicely Done MM. coupla winners here
Attached Image
Whats That? you're trading What?
  • #21,377
  • Nov 13, 2014 7:08am Nov 13, 2014 7:08am
Quoting Masterrmind
Trade #1 and Trade #2 EURAUD +5 TP {image} AUDUSD +5 TP {image} Comment: Bank holiday mode but winners can still be had! Done for the day! Masterrmind...........



Smooth as silk, enjoy your "day off" MM.

flx69
  • #21,378
  • Nov 13, 2014 7:14am Nov 13, 2014 7:14am
Quoting Qed
nicely Done MM. coupla winners here {image}
Lovely to see it my friend.

Profit in your bank

Masterrmind.........
Master your Mind then Master your Trades
  • #21,379
  • Nov 13, 2014 7:16am Nov 13, 2014 7:16am
Quoting flx69
{quote} Smooth as silk, enjoy your "day off" MM. flx69
Arhh but when I have a day off my mind is always thinking .......... another green pip ?

1 step at a time = 1 possible green pip closer to the goal!

Masterrmind..........
Master your Mind then Master your Trades
  • #21,380
  • Nov 13, 2014 7:41am Nov 13, 2014 7:41am
The servers went down! We had red news.
Got +5p at UJ and only then realised this... will do squats 100 times.
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