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As simple as possible: 00 level trading

  • #22,041
  • Nov 19, 2014 8:14am Nov 19, 2014 8:14am
Quoting ApolloEric
{quote} Not expiry time. It get cancelled like 5min into the hour when the expiry if 1hour. Thanks for your response so far.
can you show us account history and journal so we can see what happened with pending orders
please resize it a little bit
  • #22,042
  • Nov 19, 2014 8:26am Nov 19, 2014 8:26am
Hi Udine

I would like to ask you a question.

I know that you dont trade UCad but this situation can happen on any chart and treat it as educational case.

I have to leave my PC at 12:00 broker time (red arrow on screenshot) and i wonder if setting pending order would be right decision.
1.1340 level seems to be very low probability level as it stands as resistance. But what about 1.1345? Finally i didnt set any order.
I would like to hear your opinion.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD pytanie.png Size: 62 KB
  • #22,043
  • Nov 19, 2014 8:34am Nov 19, 2014 8:34am
UJ +5

simple but effective, Udine.
Attached Image
  • #22,044
  • Nov 19, 2014 8:43am Nov 19, 2014 8:43am
Quoting iwan73
Hi Udine I would like to ask you a question. I know that you dont trade UCad but this situation can happen on any chart and treat it as educational case. I have to leave my PC at 12:00 broker time (red arrow on screenshot) and i wonder if setting pending order would be right decision. 1.1340 level seems to be very low probability level as it stands as resistance. But what about 1.1345? Finally i didnt set any order. I would like to hear your opinion. {image}

no entry... simply wait for another low risk set up...

Udine
Sleep less, live fast, as it aint gonna last
  • #22,045
  • Nov 19, 2014 9:09am Nov 19, 2014 9:09am
Quoting Stingr
There are a lot of people here trading this system for months watching several pairs every day. Have you guys noticed daily market cycles like in the attached file (time EST), particularly at EJ and GJ? {image}
Udine, what's your opinion? I've noticed these patterns some times over the last couple weeks, but as you've been trading EJ and GJ for years you would probably notice these patterns if they were prominent?
  • #22,046
  • Nov 19, 2014 9:11am Nov 19, 2014 9:11am
What can I say Udine. I love this .... ( I Fall in Love by Queen now on my Youtube channel - how appropriate !)

EU +5 wanted place pending @450, but pushed instant script, but still ok
EA +5

Good pips to all still trading. I am finished today.
Attached Images
  • #22,047
  • Nov 19, 2014 9:15am Nov 19, 2014 9:15am
Quoting Stingr
{quote} Udine, what's your opinion? I've noticed these patterns some times over the last couple weeks, but as you've been trading EJ and GJ for years you would probably notice these patterns if they were prominent?
Also you can take a look at this
http://fxtrade.oanda.com/lang/ru/analysis/market-hours#

You can change language you want.
  • #22,048
  • Nov 19, 2014 9:19am Nov 19, 2014 9:19am
Quoting Stingr
{quote} Udine, what's your opinion? I've noticed these patterns some times over the last couple weeks, but as you've been trading EJ and GJ for years you would probably notice these patterns if they were prominent?

they are there all right, you need to find them for yourself though...

Udine
Sleep less, live fast, as it aint gonna last
  • #22,049
  • Nov 19, 2014 9:23am Nov 19, 2014 9:23am
Quoting snail69
What can I say Udine. I love this .... ( I Fall in Love by Queen now on my Youtube channel - how appropriate !) EU +5 wanted place pending @450, but pushed instant script, but still ok EA +5 Good pips to all still trading. I am finished today. {image} {image}

glad you like it..

same here

Udine
Sleep less, live fast, as it aint gonna last
  • #22,050
  • Nov 19, 2014 9:41am Nov 19, 2014 9:41am
I am out, see u tomorrow! Hasta maņana
Attached Image
  • #22,051
  • Nov 19, 2014 9:42am Nov 19, 2014 9:42am
Quoting sEit89
I am out, see u tomorrow! Hasta maņana {image}
hasta manana

Udine
Sleep less, live fast, as it aint gonna last
  • #22,052
  • Nov 19, 2014 9:55am Nov 19, 2014 9:55am
ok guys, girls,

I am out of here..

speak tomorrow

cheers

Udine
Sleep less, live fast, as it aint gonna last
  • #22,053
  • Nov 19, 2014 11:13am Nov 19, 2014 11:13am
Hi Udine,

Please excuse my naivety, this is my 1st venture into forex and want to eagerly learn how to make consistant money using your system.

I bow to your wealth of experience and seek to get the chart(s) up and loaded ASAP. Can you please offer me a quick noddy guide of how to set up the charts? Then, when I read through the thousands of responses I can relate them to the charts.

I have read the 1st post and feel I have a tremendous amount to learn.

Cheers,

Danny
  • #22,054
  • Nov 19, 2014 11:13am Nov 19, 2014 11:13am
Quoting iwan73
5 minutes ago i made big mistake. Opened Short on EU at 1.2530. From the begining it was high risk trade: only 4 pips below DO. But i decided to took this. But EJ is above DO so no sync. Thats for me is the main reason to treat this trade as mistake. May i run 20 km today insteadof burrpies?
So are we not aloud to set stops if they are just a few pips away from DO?
  • #22,055
  • Nov 19, 2014 5:58pm Nov 19, 2014 5:58pm
Tokyo about to kick off.

Looking for a great start to the trading day.

Masterrmind............
Master your Mind then Master your Trades
  • #22,056
  • Nov 19, 2014 6:44pm Nov 19, 2014 6:44pm
Mastermind, what are your pairs for the tokyo open? I got this 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 19 nov.png Size: 81 KB
FREEDOM IS NOT FREE
  • #22,057
  • Nov 19, 2014 6:46pm Nov 19, 2014 6:46pm
Time to sleep will be up for the london ff open
FREEDOM IS NOT FREE
  • #22,058
  • Nov 19, 2014 7:06pm Nov 19, 2014 7:06pm
Quoting tantor1973
Mastermind, what are your pairs for the tokyo open? I got this 5 pips {image}
I don't really have any favorites for any trading session.

In short I trade any pair at any time provided the chart analysis shows a green light (ie it makes sense to me to trade that pair based on a host of factors)

My advice to someone new however would be to look at the AUD and JPY pairs and get an understanding of how these pairs tend to move in the Asian session. Then as your experience grows (including strike rate) then either stay with a few pairs or branch out into others. That's up to you.

You truly need only 1 or 2 pairs to master and you will be able to generate all the money you ever need (multiple pairs is not necessary.... its just how I like to trade)

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #22,059
  • Nov 19, 2014 7:07pm Nov 19, 2014 7:07pm
+1.5 & +5 GJ demo

Attached Image


Rapid
  • #22,060
  • Nov 19, 2014 7:21pm Nov 19, 2014 7:21pm
Quoting rapidedward
+1.5 & +5 GJ demo {image} Rapid
Double TP's off the same level if your TS had of been off (anyway insurance is very useful)

Great work!

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