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As simple as possible: 00 level trading

  • #25,781
  • Jan 14, 2015 2:45am Jan 14, 2015 2:45am
Quoting numberman
[15M] GJ to SL {image}
You sold GJ under the 61.8 retracement without a correction in price yet. risky trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 61 retracement.png Size: 83 KB
  • #25,782
  • Jan 14, 2015 2:49am Jan 14, 2015 2:49am
Good Morning!

UJ to TP
ChfJ to BE
GJ to SL

Edit:

GJ to TP+

Greetz Michael
  • #25,783
  • Jan 14, 2015 3:10am Jan 14, 2015 3:10am
Good morning and good trading everyone.

Asmodai
  • #25,784
  • Jan 14, 2015 3:26am Jan 14, 2015 3:26am
Quoting piphunt3r
{quote} You sold GJ under the 61.8 retracement without a correction in price yet. risky trade {image}
I might also add that he sold a pair which already exceeded its ADR
  • #25,785
  • Jan 14, 2015 3:45am Jan 14, 2015 3:45am
EU +5 (+10)
Done for the day
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-14_1043.png Size: 40 KB
  • #25,786
  • Jan 14, 2015 3:47am Jan 14, 2015 3:47am
Trade #2

GBPJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #25,787
  • Jan 14, 2015 3:57am Jan 14, 2015 3:57am
Quoting Masterrmind
Trade #2 GBPJPY +5 TP {image} Masterrmind...........
I think there is smth wrong with your ADR calculations. For today he had more than 59p on GBPJPY
Pls check my screen below
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB
  • #25,788
  • Jan 14, 2015 4:03am Jan 14, 2015 4:03am
Quoting piphunt3r
{quote} You sold GJ under the 61.8 retracement without a correction in price yet. risky trade {image}
okay, but how to know when we use fibo tool.

numberman
  • #25,789
  • Jan 14, 2015 4:06am Jan 14, 2015 4:06am
RgL = Range Low
RgH = Range High
I can't find in this thread about RgL and RgH. What is the shortcut name from? And where it come froms? I want to more understand that levels.
  • #25,790
  • Jan 14, 2015 4:14am Jan 14, 2015 4:14am
anyone took the short EURUSD short 1.174?
  • #25,791
  • Jan 14, 2015 4:24am Jan 14, 2015 4:24am
Quoting gigicualex
anyone took the short EURUSD short 1.174?
Yes I did and I need to schedule 10 burpees for that!
  • #25,792
  • Jan 14, 2015 4:26am Jan 14, 2015 4:26am
Quoting Masterrmind
Trade #2 GBPJPY +5 TP {image} Masterrmind...........
Hi MM

GJ moved pretty fast on your entry bar.

Apart from your own entry criteria, was it a case of deciding :
1. High momentum down
2. 177.00 being the first level you could set a pending order for?

Rgds
Axiom
  • #25,793
  • Jan 14, 2015 4:31am Jan 14, 2015 4:31am
Exit strat M15 close total +41

The pink circle with GU was filled with broker #2 leading to a loss of -22. The total was still +19.

There is a semi-violation here on EY. The European Court of Justice Ruling red news was on "tentative". My aim is to just trade and stay away from "scheduled" red news. Because someone is bound to speak some time which may or may not move price (like the time when Cyprus was about to announce their country's bailout). I wanted to be as straight-forward as I can.

EDIT: no violation since the price was cleared 30 mins after news

25 more days to observe.

EOB

Black pips to all.
Attached Image (click to enlarge)
Click to Enlarge Name: 011415.png Size: 77 KB
  • #25,794
  • Jan 14, 2015 5:10am Jan 14, 2015 5:10am
Trade #3 [Bonus trade #1]

GBPAUD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB


Masterrmind.........
Master your Mind then Master your Trades
  • #25,795
  • Jan 14, 2015 5:14am Jan 14, 2015 5:14am
Quoting Axiom
{quote} Hi MM GJ moved pretty fast on your entry bar. Apart from your own entry criteria, was it a case of deciding : 1. High momentum down 2. 177.00 being the first level you could set a pending order for? Rgds Axiom
Momentum and timing.......

Masterrmind..........
Master your Mind then Master your Trades
  • #25,796
  • Jan 14, 2015 5:23am Jan 14, 2015 5:23am
yelena, do you use trailing stop and break even, when you exit after m15 candle close?
  • #25,797
  • Jan 14, 2015 5:30am Jan 14, 2015 5:30am
Trade #4 [Bonus trade #2]

EURUSD +5 TP

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


Masterrmind...........
Master your Mind then Master your Trades
  • #25,798
  • Jan 14, 2015 5:47am Jan 14, 2015 5:47am
Quoting rjsimp
yelena, do you use trailing stop and break even, when you exit after m15 candle close?
No stops, except at the close of candle. Still on test phase. 25d more. It maybe worthwhile to close at 30 once it hits
  • #25,799
  • Jan 14, 2015 6:39am Jan 14, 2015 6:39am
My result on demo account Octafx
http://www.forexfactory.com/zoolc#48
  • #25,800
  • Jan 14, 2015 6:57am Jan 14, 2015 6:57am
Quoting yelena
Exit strat M15 close total +41 The pink circle with GU was filled with broker #2 leading to a loss of -22. The total was still +19. There is a semi-violation here on EY. The European Court of Justice Ruling red news was on "tentative". My aim is to just trade and stay away from "scheduled" red news. Because someone is bound to speak some time which may or may not move price (like the time when Cyprus was about to announce their country's bailout). I wanted to be as straight-forward as I can. EDIT: no violation since the price was cleared 30 mins...
Hi Yelena
your result looks promising.
How much are you up so far?
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