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As simple as possible: 00 level trading

  • #23,361
  • Dec 1, 2014 12:22am Dec 1, 2014 12:22am
Quoting gizmo96
Trade #1 GBPCAD -10 {image}
There was just too much congestion below that, look to the left. Lots of Support.
  • #23,362
  • Dec 1, 2014 12:25am Dec 1, 2014 12:25am
Quoting orangutangas
Udine, did you take GU LO today trade? All indies are red, there is enough space for 5 pips move, but entry would be at 1.5605. How that no shorts 0.1 and no longs 0.9 rule is working with 50' levels?(no shorting also 50' bellow 0.1 and no longs @50' above 0.9 level?)

no, monday morning, no rush, there will be plenty opportunities, besides the GU was pushing towards a BRN at London open....

Udine
Sleep less, live fast, as it aint gonna last
  • #23,363
  • Dec 1, 2014 12:35am Dec 1, 2014 12:35am
Quoting rjsimp
{quote} Here is m15 rules, where is no longs at .950 and shorts at .050? {image}
Ask yourself:
What is the "raison d´ętre" of the rule: no long at .900 and no short at .100 ?
Once you know the answer to this, wouldn´t it be common sense to apply it to the adjacent .50 sub levels ?

flx69
  • #23,364
  • Dec 1, 2014 12:35am Dec 1, 2014 12:35am
Quoting Udine
{quote} no, monday morning, no rush, there will be plenty opportunities, besides the GU was pushing towards a BRN at London open.... Udine
ty sir
  • #23,365
  • Dec 1, 2014 12:36am Dec 1, 2014 12:36am
That was weird, I had 2 different broker demo accounts stop at 16 minutes past the hour, now they are both showing a lot of activity. I never lost my internet connection either.
  • #23,366
  • Dec 1, 2014 12:47am Dec 1, 2014 12:47am
#1 GU to TP
Attached Image (click to enlarge)
Click to Enlarge Name: GU_TP.png Size: 47 KB
Porta itineris dicitur longissima esse
  • #23,367
  • Dec 1, 2014 12:47am Dec 1, 2014 12:47am
Quoting ericjschroed
That was weird, I had 2 different broker demo accounts stop at 16 minutes past the hour, now they are both showing a lot of activity. I never lost my internet connection either.
Must have been that surprise JPY news.
  • #23,368
  • Dec 1, 2014 12:52am Dec 1, 2014 12:52am
Quoting bubincka
#1 GU to TP {image}
Its profit nice!

BUT why you enter on GBP NEWS and why so late on that candle?
In my eyes it was a Lucky-Trade


Greetz Michael
  • #23,369
  • Dec 1, 2014 12:55am Dec 1, 2014 12:55am
Quoting mwsteiner
{quote} Its profit nice! BUT why you enter on GBP NEWS and why so late on that candle? In my eyes it was a Lucky-Trade Greetz Michael
And something MORE!!! Daily Pivot - .56645
In my broker )))
  • #23,370
  • Dec 1, 2014 12:56am Dec 1, 2014 12:56am
Buenos días y buena semana!
Attached Image
  • #23,371
  • Dec 1, 2014 1:03am Dec 1, 2014 1:03am
Trade#1 EJ to SL

Greetz Michael
  • #23,372
  • Dec 1, 2014 1:09am Dec 1, 2014 1:09am
Trade #5 [Bonus trade #3]

CADJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Comment: PA but also very important in this particular trade was the timing of entry!

Masterrmind............
Master your Mind then Master your Trades
  • #23,373
  • Dec 1, 2014 1:09am Dec 1, 2014 1:09am
EJ to SL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_76.png Size: 26 KB

PU
  • #23,374
  • Dec 1, 2014 1:12am Dec 1, 2014 1:12am
Quoting pullup
EJ to SL {image} PU
We entered to early!

Greetz Michael
  • #23,375
  • Dec 1, 2014 1:16am Dec 1, 2014 1:16am
Trade #6 [Bonus trade #4]

AUDCHF +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #23,376
  • Dec 1, 2014 1:20am Dec 1, 2014 1:20am
Trade 3 - EURJPY [5 pips]

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15_1_12_14 (TP).png Size: 54 KB


Done for the Day.

PDF and BCC to ALL!!!

pullup } Udine if I may provide my opinion, if you notice the last candle, it had trouble closing below the .350 level which may means that the existence of buy orders. Furthermore the candle closed at the hour. Hence, placing the order at the .300 is of a lower risk.

Looking forward to tomorrow...
  • #23,377
  • Dec 1, 2014 1:21am Dec 1, 2014 1:21am
AJ TS. Maybe a little risky with the previous movement and strong support.

Attached Image (click to enlarge)
Click to Enlarge Name: 335-11AUDJPY1417432502.gif Size: 59 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 335-11AUDJPY1417432535.gif Size: 31 KB
  • #23,378
  • Dec 1, 2014 1:23am Dec 1, 2014 1:23am
Quoting mwsteiner
{quote} We entered to early! Greetz Michael
Happy with the entry, it was a bit lively for a 10 pip SL perhaps.

PU
  • #23,379
  • Dec 1, 2014 1:29am Dec 1, 2014 1:29am
USDJPY -TP
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYiM15.png Size: 38 KB

EURJPY -BE
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYiH1.png Size: 46 KB

Just need one more, and I can return to bed. 1st day of waking up for London open. Not sure why EJ shows I entered where I did, it was triggered after UJ. Hmm..
War. Is my profession.
  • #23,380
  • Dec 1, 2014 1:42am Dec 1, 2014 1:42am
Quoting L0pg
USDJPY -TP {image} EURJPY -BE {image} Just need one more, and I can return to bed. 1st day of waking up for London open. Not sure why EJ shows I entered where I did, it was triggered after UJ. Hmm..
Hello L0pg,

Your entry on E/J wasn't valid,it isn't the 1 cross lvl if you enter based on 1h chart!
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