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As simple as possible: 00 level trading

  • #23,021
  • Nov 27, 2014 2:26am Nov 27, 2014 2:26am
Thanks for your response zohaib, I'm on demo and simply trying to execute the system correctly. At the moment I don't care about which pairs in which session, but I will note your advice.

Thank you.

Rapid
  • #23,022
  • Nov 27, 2014 2:26am Nov 27, 2014 2:26am
Good morning!
GJ to TP +5

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  • #23,023
  • Nov 27, 2014 2:27am Nov 27, 2014 2:27am
Quoting zohaib
{quote} why would you trade EU in Tokyo session? Trade pairs according to thier sessions. Udine will answer your question anyways

Great observation !!

Udine
Sleep less, live fast, as it aint gonna last
  • #23,024
  • Nov 27, 2014 2:30am Nov 27, 2014 2:30am
Quoting Takeo
GJ +5 in the pocket. Was too scared to enter EJ or CHF/JPY as it was too close to support level. So I went into GJ. Turned into a winner using M15. Green Pips to you all Takeo {image}
Took the same trade GJ +5. And decided to Short EJ anyway , TS +1,7.
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  • #23,025
  • Nov 27, 2014 2:30am Nov 27, 2014 2:30am
could not pass by on this one..

GJ was the only one with no obstructions on the way down..

GJ to TP

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #23,026
  • Nov 27, 2014 2:32am Nov 27, 2014 2:32am
Did not like GJ. Messy on my 10 pip intended TP. Took EJ on way to retest YL.

EJ +5
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  • #23,027
  • Nov 27, 2014 2:32am Nov 27, 2014 2:32am
Quoting Udine
{quote} that is what I have called.... (watch out MM ) pissing around the daily open.. when price is around the daily open, it has not established a clear direction = not a clear trend yet = no trade... Udine
Thank you, I will take your advice regarding the DO...

Regarding the indicators changing when price moves against the trade...hang in all the way to SL?

Rapid
  • #23,028
  • Nov 27, 2014 2:33am Nov 27, 2014 2:33am
First one in the bag, I was looking at the EJ and EU as well, but the Pivot levels kept me out of those trades. I'm trying to set my mind to look for reasons not to take the trade in stead of making up reasons to take the trade. Like you say Udine, only 2 winners a day is good enough. 2 x constant winners per day changes my life, so just sticking to the discipline in stead of chasing pips, I'm going to let the pips come to me.
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  • #23,029
  • Nov 27, 2014 2:36am Nov 27, 2014 2:36am
Quoting Udine
could not pass by on this one.. GJ was the only one with no obstructions on the way down.. GJ to TP Udine {image}
Is it OK to ignore the green H4 candle?

I had my pending order sitting in the same place but moved it because the H4 was still green.

Rapid
  • #23,030
  • Nov 27, 2014 2:39am Nov 27, 2014 2:39am
GJ to TP
Comment: got this one, there was also a setup for EJ that I discarded because around DS1.
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Porta itineris dicitur longissima esse
  • #23,031
  • Nov 27, 2014 2:42am Nov 27, 2014 2:42am
Hi All
Udine thnx for KISS system.
Would this be a valid setup on EJ 15 min?
Attached Image
  • #23,032
  • Nov 27, 2014 2:43am Nov 27, 2014 2:43am
Trade#1 EJ to TP (the same reason as Snail, i thought on testing the yL)
Trade#2 GJ to TP

Greetz Michael
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  • #23,033
  • Nov 27, 2014 2:46am Nov 27, 2014 2:46am
Quoting rapidedward
{quote} Thank you, I will take your advice regarding the DO... Regarding the indicators changing when price moves against the trade...hang in all the way to SL? Rapid

I hang in to SL

Udine
Sleep less, live fast, as it aint gonna last
  • #23,034
  • Nov 27, 2014 2:47am Nov 27, 2014 2:47am
Quoting GoForPip
Hi All Udine thnx for KISS system. Would this be a valid setup on EJ 15 min? {image}

no, due to the red news

Udine
Sleep less, live fast, as it aint gonna last
  • #23,035
  • Nov 27, 2014 2:48am Nov 27, 2014 2:48am
Quoting mwsteiner
Trade#1 EJ to TP (the same reason as Snail, i thought on testing the yL) Trade#2 GJ to TP Greetz Michael {image}

I did not take the EJ, because the Weekly pivot was between my entry and my TP level

Udine
Sleep less, live fast, as it aint gonna last
  • #23,036
  • Nov 27, 2014 2:51am Nov 27, 2014 2:51am
Quoting Udine
{quote} I hang in to SL Udine
Oh no...I was afraid you'd say that..

That would require: Patience Discipline Focus

Where have I heard that before?

  • #23,037
  • Nov 27, 2014 2:53am Nov 27, 2014 2:53am
Quoting Udine
{quote} no, due to the red news Udine
I am trying to follow 15 min rules and trade was taken 30 min after red news according to rules it should be valid. I am not trying to yank your chain just trying to learn.
  • #23,038
  • Nov 27, 2014 2:54am Nov 27, 2014 2:54am
Quoting GoForPip
{quote} I am trying to follow 15 min rules and trade was taken 30 min after red news according to rules it should be valid. I am not trying to yank your chain just trying to learn.

in that case .. valid

Udine
Sleep less, live fast, as it aint gonna last
  • #23,039
  • Nov 27, 2014 2:55am Nov 27, 2014 2:55am
Nice setup for S on GU but i decided to not set order because supp area. In other case it would be nice TP.
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  • #23,040
  • Nov 27, 2014 2:57am Nov 27, 2014 2:57am
Quoting Udine
{quote} I did not take the EJ, because the Weekly pivot was between my entry and my TP level Udine
Yeah for me the same, but i go in @600 so above me was WCP and DS1 i thought on testing yL (lucky it happens)

Greetz Michael
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