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As simple as possible: 00 level trading

  • #25,721
  • Jan 13, 2015 3:34am Jan 13, 2015 3:34am
Quoting gigicualex
Took a 10p SL on EJ. Shorted at 139.90 with ASH on red confirming my short entry {image}
maybe there is a support zone on 139.85 - 139.75 that i didn't see...take a look...
  • #25,722
  • Jan 13, 2015 3:35am Jan 13, 2015 3:35am
Good morning everyone.

Trade #1 EA TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDM15.png Size: 48 KB
  • #25,723
  • Jan 13, 2015 3:37am Jan 13, 2015 3:37am
Quoting yelena
{quote} By the way, if you click on the image it will load in original size in another window which are crisp. No. They followed entry rules to the dot. See image below. The other question: yes, definitely not the recommended hours. I see one actively trading the HKG market open (although he thinks he trading the Japanese open market). It has enough "umph" for JPY and AUD pairs. Best to allow him to finish testing first or watch his posts for study. He has a lot to offer. {image}
Thanks for answers Yelena! Check this: (Your next screen position Yelena )

Attached Image (click to enlarge)
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  • #25,724
  • Jan 13, 2015 3:39am Jan 13, 2015 3:39am
yes that one could be an area of support
  • #25,725
  • Jan 13, 2015 4:02am Jan 13, 2015 4:02am
M15 close exit strategy: currently at -14 after 2 hours into London.

I'll be continuing to trade then
Attached Image (click to enlarge)
Click to Enlarge Name: 011315.png Size: 141 KB
  • #25,726
  • Jan 13, 2015 4:11am Jan 13, 2015 4:11am
Quoting Mariodrugs
{quote} Thanks for answers Yelena! Check this: (Your next screen position Yelena ) {image}
Udine said that it doesn't matter if the M15 bar is red as long as it closed and that H1 remained green. If you look at the shadow of the H1, that is green, D1 green, long. It's really that simple
  • #25,727
  • Jan 13, 2015 4:17am Jan 13, 2015 4:17am
Trade #1

EURJPY +5 TP

Attached Image (click to enlarge)
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Trade #2

USDJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 53 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #25,728
  • Jan 13, 2015 4:30am Jan 13, 2015 4:30am
Quoting yelena
{quote} Udine said that it doesn't matter if the M15 bar is red as long as it closed and that H1 remained green. If you look at the shadow of the H1, that is green, D1 green, long. It's really that simple
But you said : "4. Allow M15 to close. 4.a Same direction as H1 D1? Place pending order."
  • #25,729
  • Jan 13, 2015 4:49am Jan 13, 2015 4:49am
Quoting Mariodrugs
{quote} But you said : "4. Allow M15 to close. 4.a Same direction as H1 D1? Place pending order."
It did close in red small circle
H1 closed green in red bigger circle
Red vertical line is the end of the previous hour and beginning of new.

Therefore, pending on the next 00, which happened to be 140.30
Attached Image
  • #25,730
  • Jan 13, 2015 4:50am Jan 13, 2015 4:50am
Quoting Mariodrugs
{quote} But you said : "4. Allow M15 to close. 4.a Same direction as H1 D1? Place pending order."
Mariodrugs, Kubiasty, Baq ( I'm assuming it's the same person)

Please try and take responsibility for your own learning.

Why start an argument when someone tries to help you?
If you are getting help from an experienced trader, surely you are trying to become more like them, not trying to get them to become like you.

There is a strong situational element to this method, therefore most answers will start with some form of qualification about the PA preceding the signal. Only your experience and knowledge can bridge this gap, otherwise you will remain stuck at the "I applied the rules and it went wrong" stage .

You have been in the thread for a long time and your determination does you credit, I wish you success on your journey.

Good Luck
pullup
  • #25,731
  • Jan 13, 2015 4:59am Jan 13, 2015 4:59am
Quoting yelena
{quote} Udine said that it doesn't matter if the M15 bar is red as long as it closed and that H1 remained green. If you look at the shadow of the H1, that is green, D1 green, long. It's really that simple
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy wrong.png Size: 33 KB
  • #25,732
  • Jan 13, 2015 5:11am Jan 13, 2015 5:11am
Quoting Mariodrugs
{quote} {image}
for me entry short at 178.75 and out by TS, if you entry aty 00 level a loss...
  • #25,733
  • Jan 13, 2015 5:12am Jan 13, 2015 5:12am
Quoting Mariodrugs
{quote} {image}
PA my friend.
1 bar with a drop in excess of 40 pips, followed by a correction.
Try to stay out of trades where the prior bar shows such monstrosities.

LuXing
Wisdom begins in wonder
  • #25,734
  • Jan 13, 2015 5:19am Jan 13, 2015 5:19am
I need to be more selective and this could be a good example...
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  • #25,735
  • Jan 13, 2015 5:22am Jan 13, 2015 5:22am
Quoting Mariodrugs
{quote} {image}
You bought some information there, treat it as a learning opportunity.

Instead of asking someone else what went wrong, look at the time of day, which session, which pair, preceding PA and then decide..... "If I find myself in a similar situation in the future, would I trade this spot?" And when you can answer that, ask yourself why? Only you can answer these questions.

Good Luck
pullup
  • #25,736
  • Jan 13, 2015 5:39am Jan 13, 2015 5:39am
Trade #5 o/t day: second try on the AUDJPY, this time straight to TP.

LuXing
Attached Image (click to enlarge)
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Wisdom begins in wonder
  • #25,737
  • Jan 13, 2015 5:46am Jan 13, 2015 5:46am
Hi all,

Here are some additional trades I made.
Trade# 4 EURCAD -> TP
Trade#5 NZDCAD -> TP

I won't be looking for any other trades today, I'm happy with the pips I won.

Good luck to all who are still out there.

Kind regards,

Gizmo96
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Schermafbeelding 2015-01-13 om 11.06.52.png Size: 265 KB
  • #25,738
  • Jan 13, 2015 6:18am Jan 13, 2015 6:18am
Trade #3 [Bonus trade #1]

EURAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #25,739
  • Jan 13, 2015 6:34am Jan 13, 2015 6:34am
Trade #6 o/t day: CADJPY to TP.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
Wisdom begins in wonder
  • #25,740
  • Jan 13, 2015 6:54am Jan 13, 2015 6:54am
Trade #4 [Bonus trade #2]

AUDJPY +3 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB


Comment: Happy to bag a few pips from this trade as it hesitated to go higher.

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