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As simple as possible: 00 level trading

  • #24,881
  • Dec 17, 2014 5:26am Dec 17, 2014 5:26am
Quoting tommsen
UJ to SL Anything wrong with this entry? regards, tommsen {image}
Why no the trailing stop?
  • #24,882
  • Dec 17, 2014 5:27am Dec 17, 2014 5:27am
Quoting Udine
{quote} does it comply with the guidelines ?? Udine
Yes it is!

What was wrong?

- no red news
- D1, H1, H4 red candles
- last candle was all red
- enter a new level
- RmDn OK
- no support
- away from S1

Attached Image (click to enlarge)
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  • #24,883
  • Dec 17, 2014 5:28am Dec 17, 2014 5:28am
i entered not at the beginning of the candle, but when the price came back from below.
  • #24,884
  • Dec 17, 2014 5:33am Dec 17, 2014 5:33am
Quoting tommsen
UJ to SL Anything wrong with this entry? regards, tommsen {image}

yes.. does not comply with rule 2 on your chart..

Udine
Sleep less, live fast, as it aint gonna last
  • #24,885
  • Dec 17, 2014 5:36am Dec 17, 2014 5:36am
well...right. thanks udine!

regards, tommsen
  • #24,886
  • Dec 17, 2014 5:37am Dec 17, 2014 5:37am
Quoting Kubiasty
{quote} Yes it is! What was wrong? - no red news - D1, H1, H4 red candles - last candle was all red - enter a new level - RmDn OK - no support - away from S1 {image}

nothing wrong..

Why do you think I always have the Trailstop EA in place ??

It works as capital protection.. In your case it would not have been a loser...

Sometimes I will miss TP, but I prefer to protect my capital in case these kind of trades happen...

but hey, its just me.. (we always get back to copy well or invent bad)

Udine
Sleep less, live fast, as it aint gonna last
  • #24,887
  • Dec 17, 2014 5:38am Dec 17, 2014 5:38am
Quoting Udine
{quote} nothing wrong.. Why do you think I always have the Trailstop EA in place ?? It works as capital protection.. In your case it would not have been a loser... Sometimes I will miss TP, but I prefer to protect my capital in case these kind of trades happen... but hey, its just me.. (we always get back to copy well or invent bad) Udine
So entry was correct with your strategy?
  • #24,888
  • Dec 17, 2014 5:44am Dec 17, 2014 5:44am
Quoting Kubiasty
{quote} Yes it is! What was wrong? - no red news - D1, H1, H4 red candles - last candle was all red - enter a new level - RmDn OK - no support - away from S1 {image}
I didn't see.... you have to enter at .2455! my broker's candle close at .24555 and if i'm so fast to place the order at .2455 good otherwise i will skip the entry... is right this approach or can i place on the level below?
  • #24,889
  • Dec 17, 2014 5:44am Dec 17, 2014 5:44am
Quoting Kubiasty
{quote} So entry was correct with your strategy?

WHAT PART OF MY REPLY YOU DONT UNDERSTAND ?????

Quoting Kubiasty
{quote} Yes it is! What was wrong? - no red news - D1, H1, H4 red candles - last candle was all red - enter a new level - RmDn OK - no support - away from S1 {image}

nothing wrong..

Udine
Sleep less, live fast, as it aint gonna last
  • #24,890
  • Dec 17, 2014 6:12am Dec 17, 2014 6:12am
Quoting Udine
{quote} WHAT PART OF MY REPLY YOU DONT UNDERSTAND ????? Quoting Kubiasty {quote} Yes it is! What was wrong? - no red news - D1, H1, H4 red candles - last candle was all red - enter a new level - RmDn OK - no support - away from S1 {image} nothing wrong.. Udine
I thought it's irony :-P

THanks for reply.
  • #24,891
  • Dec 17, 2014 6:15am Dec 17, 2014 6:15am
Quoting Udine
{quote} I know we were 30 minutes after the red news, but when I look at your chart, I see the GJ ranging... no clear direction.. so ask yourself, was that a nice low risk entry ?? Udine
Mornig to everyone...
Without open the thread and without focusing the chart,I done the same mistake.
Unfortunately,when a system is so powerful ,we tend to relax too...
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  • #24,892
  • Dec 17, 2014 6:22am Dec 17, 2014 6:22am
Quoting francoxxx
{quote} Mornig to everyone... Without open the thread and without focusing the chart,I done the same mistake. Unfortunately,when a system is so powerful ,we tend to relax too... {image}

Francoxxx and to whom it may concern...

look for reasons NOT to take a trade, if you cannot find one, you have found a low risk entry...

and you only need 2 of those per day..

keep it as simple as possible...

Udine
Sleep less, live fast, as it aint gonna last
  • #24,893
  • Dec 17, 2014 6:33am Dec 17, 2014 6:33am
USD/JPY, +3.1 [H1 System]
Attached Image
  • #24,894
  • Dec 17, 2014 6:48am Dec 17, 2014 6:48am
Quoting Kubiasty
{quote} I thought it's irony :-P THanks for reply.



Forex pays all for me and my family, it builds our financial empire... it could also for yours..

treat it as a business, not as a video game..

act as a professional..

Udine
Sleep less, live fast, as it aint gonna last
  • #24,895
  • Dec 17, 2014 7:30am Dec 17, 2014 7:30am
Quoting Udine
{quote} Forex pays all for me and my family, it builds our financial empire... it could also for yours.. treat it as a business, not as a video game.. act as a professional.. Udine
Yes I Do, but always forex gives me to understand that is like a totally randomly..
  • #24,896
  • Dec 17, 2014 7:37am Dec 17, 2014 7:37am
Quoting Kubiasty
{quote} Yes I Do, but always forex gives me to understand that is like a totally randomly..

no its not, the charts leave clues, but its all in the details..

but, maybe this strategy does not fit your personality, like a lot of successful strategies did not fit mine... so i kept searching...

It took me 4 years to get profitable and now I am trading over 2 years full time, but it was worth the blood, sweat and tears..

Udine
Sleep less, live fast, as it aint gonna last
  • #24,897
  • Dec 17, 2014 8:18am Dec 17, 2014 8:18am
I have one question, how much do you risk of your balance if 5 pips gives you 2 percent profit per day.
  • #24,898
  • Dec 17, 2014 8:51am Dec 17, 2014 8:51am
Quoting Bankpips
I have one question, how much do you risk of your balance if 5 pips gives you 2 percent profit per day.

wrong, its in the start of the thread...

10 pips = 2 %

Risking 2 % (SL @ 10 pips) to get 1% (TP @ 5 pips)

dont start about R:R, as I dont care !!

Udine
Sleep less, live fast, as it aint gonna last
  • #24,899
  • Dec 17, 2014 9:14am Dec 17, 2014 9:14am
GU; hit SL ;1H 1D both was red
Attached Image (click to enlarge)
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Please comment what was wrong?
Thank you
  • #24,900
  • Dec 17, 2014 9:14am Dec 17, 2014 9:14am
EU +8
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