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As simple as possible: 00 level trading

  • #22,101
  • Nov 20, 2014 2:03am Nov 20, 2014 2:03am
Basically now there is a 1 hour break.....
  • #22,102
  • Nov 20, 2014 2:04am Nov 20, 2014 2:04am
Quoting Udine
{quote} What do you think ?? Udine
Hi there!
What do you guys mean RWH? I cannot see any weekly levels at 148.8
  • #22,103
  • Nov 20, 2014 2:08am Nov 20, 2014 2:08am
Good morning
Two trades, two losses
GBPJPY -10.4 pips
CADJPY -11.6 pips
Done for the day
Attached Image (click to enlarge)
Click to Enlarge Name: gbp & cad 20.png Size: 72 KB
  • #22,104
  • Nov 20, 2014 2:11am Nov 20, 2014 2:11am
Quoting snail69
Basically now there is a 1 hour break.....

yup

Udine
Sleep less, live fast, as it aint gonna last
  • #22,105
  • Nov 20, 2014 2:13am Nov 20, 2014 2:13am
Trade #7 [Bonus trade # 5]

CHFJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Masterrmind........
Master your Mind then Master your Trades
  • #22,106
  • Nov 20, 2014 2:15am Nov 20, 2014 2:15am
Quoting musicant
{quote} Hi there! What do you guys mean RWH? I cannot see any weekly levels at 148.8

left eye right eye, you cannot see the EURJPY is near its high???

Udine
Sleep less, live fast, as it aint gonna last
  • #22,107
  • Nov 20, 2014 2:15am Nov 20, 2014 2:15am
Quoting musicant
{quote} Hi there! What do you guys mean RWH? I cannot see any weekly levels at 148.8
Hello , i use the sonic panel for the RWH/RWL
  • #22,108
  • Nov 20, 2014 2:16am Nov 20, 2014 2:16am
Quoting arkan1976
Good morning Two trades, two losses GBPJPY -10.4 pips CADJPY -11.6 pips Done for the day {image}

look at your charts and can you tell me it that were low risk entries ???

Udine
Sleep less, live fast, as it aint gonna last
  • #22,109
  • Nov 20, 2014 2:19am Nov 20, 2014 2:19am
Quoting arkan1976
Good morning Two trades, two losses GBPJPY -10.4 pips CADJPY -11.6 pips Done for the day {image}
What did you expect ? Those are NOT pending STOP orders....
  • #22,110
  • Nov 20, 2014 2:19am Nov 20, 2014 2:19am
Quoting Udine
{quote} look at your charts and can you tell me it that were low risk entries ??? Udine
Both trades were based on the rules, which rule has escaped me?
  • #22,111
  • Nov 20, 2014 2:20am Nov 20, 2014 2:20am
Quoting Udine
{quote} left eye right eye, you cannot see the EURJPY is near its high??? Udine
Thank you )))
But yesterday was high too/ and day befor yesterday.... We call it Up trend )))
  • #22,112
  • Nov 20, 2014 2:23am Nov 20, 2014 2:23am
Quoting arkan1976
{quote} Both trades were based on the rules, which rule has escaped me?

there is more to trading than just following rules...

the rules are the guidelines..

but use your eyes and what do you SEE on the chart???

and then tell me if that was a low risk entry..

Udine
Sleep less, live fast, as it aint gonna last
  • #22,113
  • Nov 20, 2014 2:23am Nov 20, 2014 2:23am
Quoting musicant
{quote} Thank you ))) But yesterday was high too/ and day befor yesterday.... We call it Up trend )))

and making new highs, what does that tell you...

Udine
Sleep less, live fast, as it aint gonna last
  • #22,114
  • Nov 20, 2014 2:26am Nov 20, 2014 2:26am
Quoting Udine
{quote} there is more to trading than just following rules... the rules are the guidelines.. but use your eyes and what do you SEE on the chart??? and then tell me if that was a low risk entry.. Udine
I donīt know Udine, I will continue practicing
  • #22,115
  • Nov 20, 2014 2:37am Nov 20, 2014 2:37am
Quoting Udine
{quote} and making new highs, what does that tell you... Udine
Thank you.
I guess I did understand what weekly range you're talking about.

Attached Image (click to enlarge)
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  • #22,116
  • Nov 20, 2014 2:38am Nov 20, 2014 2:38am
Quoting arkan1976
{quote} I donīt know Udine, I will continue practicing

the question is what do you see at the time of your entries..

the GBPJPY and the CADJPY were perfectly in sync on their way DOWN.... so that is no low risk long entry in my book

Udine
Sleep less, live fast, as it aint gonna last
  • #22,117
  • Nov 20, 2014 2:38am Nov 20, 2014 2:38am
simply put Arkan ..wait for retrace and look for continuation signal . edit ,, that way u would have seen a downtrend perhaps? AND WHICH 4 does Udine watch ....jeez start at beginning
Whats That? you're trading What?
  • #22,118
  • Nov 20, 2014 2:52am Nov 20, 2014 2:52am
GBPUSD by TS
Yes, I know that GBP red news less than in hour, but setup was so nice...
Attached Image (click to enlarge)
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  • #22,119
  • Nov 20, 2014 2:53am Nov 20, 2014 2:53am
Second trade 5 pips done for today
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 20 NOV 2ND TRADE.png Size: 75 KB
FREEDOM IS NOT FREE
  • #22,120
  • Nov 20, 2014 2:56am Nov 20, 2014 2:56am
First trade of today -10.
Looking at the trade I see that I entered too late.
Attached Image (click to enlarge)
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