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As simple as possible: 00 level trading

  • #26,421
  • Feb 3, 2015 8:20pm Feb 3, 2015 8:20pm
#1 UJ to SL

Numberman
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  • #26,422
  • Feb 3, 2015 9:42pm Feb 3, 2015 9:42pm
#2 AU to TP +7.5

Numberman
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  • #26,423
  • Edited Feb 4, 2015 12:07am Feb 3, 2015 10:07pm | Edited Feb 4, 2015 12:07am
#3 AU close manually -5.3

I am not confident about this trade.

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EDIT: turned out it was profitable trade

#4 EJ to TS -0.4

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#5 AJ manually close -4.5

I have to stop and learn, i payed a lots for my stupidity.

Attached Image


Numberman
  • #26,424
  • Feb 4, 2015 1:38am Feb 4, 2015 1:38am
M15 EU to SL......
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  • #26,425
  • Feb 4, 2015 1:41am Feb 4, 2015 1:41am
Quoting numberman
#1 UJ to SL Numberman {image}
Not a low risk trade.
Trade placed on BRN and the R1 was very close.


And good morning everyone.

Asmodai
  • #26,426
  • Feb 4, 2015 2:01am Feb 4, 2015 2:01am
Quoting Asmodai
{quote} Not a low risk trade. Trade placed on BRN and the R1 was very close. And good morning everyone. Asmodai
Thanks for pointing it out.

Numberman
  • #26,427
  • Feb 4, 2015 2:22am Feb 4, 2015 2:22am
Trade #1 EJ 1h method, end of bar exit........ +7

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Comment: Because of the late trigger of the trade and the strenght of the Jpy, i actually thought about letting it run for another candle. But followed the rules and stopped.

Asmodai
  • #26,428
  • Feb 4, 2015 2:24am Feb 4, 2015 2:24am
That EJ trade would have hit my 30 pip TP, left alot of pips in the market but still got my profit.

Asmodai
  • #26,429
  • Feb 4, 2015 2:31am Feb 4, 2015 2:31am
Quoting Asmodai
That EJ trade would have hit my 30 pip TP, left alot of pips in the market but still got my profit. Asmodai
I was in the same trade, I only trade the eur jpy, i keep it simple, first trade locked in 10 pips, it pulled back and reentry locked in 10 more pips and its still running see where its stopes
FREEDOM IS NOT FREE
  • #26,430
  • Feb 4, 2015 2:34am Feb 4, 2015 2:34am
Hello. This is my first post in this thread. I am from Moscow, Russia, so sorry for my english. I decided to trade the Udine's 1H system with Yelena's exit strategy.
There first result:

EURJPY +17
GBPJPY -10
EURUSD +7.8
GBPUSD -10

If you have any comments. Wellcome
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Stay hungry to be free...
  • #26,431
  • Feb 4, 2015 2:34am Feb 4, 2015 2:34am
Good Morning to All.

Trade #1

EurUsd +5 TP
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  • #26,432
  • Feb 4, 2015 2:38am Feb 4, 2015 2:38am
Quoting Nik-Nyc
Ladies and Gents, thanks for all your replies and insight. The community around this trading system certainly makes it easier to understand for us noobs, very much appreciated. @r4maaak, would appreciate some clarifications on your points please. 1)Support: Are you saying there was a support zone around the 117.500? 2) Round Number: Are you saying RN is 117.500? I thought those were only triple 0’s like 118.000 or 117.000 3) Around DO: Do you wait at least 10 pips from DO to place a pending? I am curious. @bubincka, i too had lack of patience as...
That is exactly what I'm saying. Better to wait for a 15m candle to clearly cross the DO and then short or long the next 00 level
  • #26,433
  • Feb 4, 2015 2:41am Feb 4, 2015 2:41am
Quoting tantor1973
{quote} I was in the same trade, I only trade the eur jpy, i keep it simple, first trade locked in 10 pips, it pulled back and reentry locked in 10 more pips and its still running see where its stopes
My daily pivot is a bit below 134.200 , that might be a good target. But keep close watch.

Keeping an eye on GJ and UJ might help too, to look for Jpy strenght.

Asmodai
  • #26,434
  • Feb 4, 2015 2:43am Feb 4, 2015 2:43am
Quoting Asmodai
{quote} My daily pivot is a bit below 134.200 , that might be a good target. But keep close watch. Keeping an eye on GJ and UJ might help too, to look for Jpy strenght. Asmodai
just moved my stop loos to 134.400 locked in 21 pips and still going
FREEDOM IS NOT FREE
  • #26,435
  • Feb 4, 2015 2:46am Feb 4, 2015 2:46am
Quoting Nik-Nyc
Ladies and Gents, thanks for all your replies and insight. The community around this trading system certainly makes it easier to understand for us noobs, very much appreciated. @r4maaak, would appreciate some clarifications on your points please. 1)Support: Are you saying there was a support zone around the 117.500? 2) Round Number: Are you saying RN is 117.500? I thought those were only triple 0’s like 118.000 or 117.000 3) Around DO: Do you wait at least 10 pips from DO to place a pending? I am curious. @bubincka, i too had lack of patience as...
Hello Nik-Nyc,
1) if you check your 15 min chart you can see on lvl 117.500 pullbacks (left and right of your trade)
2) yes, is not important as 000 number, but we can consider it as support/resistance lvls too
3) it is quite close DO and is not proven right direction
All these signs are not critical, but if you consider it to your trade, you can stay back. Is not high probability trade.
That is my experience from my trading
  • #26,436
  • Feb 4, 2015 2:58am Feb 4, 2015 2:58am
just got stopped out, it was a good ride for + 22 pips and +10, that's + 32 pips for today. that's trading the EURJPY only. I dont post charts because i dont use udine template. i use some of is rule.
I only trade in the direction of the daily candle, in sync with 1h 4h and 30m candle direction
keep it simple just one pair eurjpy
i use 00 levels with pending orders
trade the opening of London and New York
FREEDOM IS NOT FREE
  • #26,437
  • Feb 4, 2015 3:03am Feb 4, 2015 3:03am
Quoting tantor1973
just got stopped out, it was a good ride for + 22 pips and +10, that's + 32 pips for today. that's trading the EURJPY only. I dont post charts because i dont use udine template. i use some of is rule. I only trade in the direction of the daily candle, in sync with 1h 4h and 30m candle direction keep it simple just one pair eurjpy i use 00 levels with pending orders trade the opening of London and New York
Good run, and good profit.

Asmodai
  • #26,438
  • Feb 4, 2015 3:22am Feb 4, 2015 3:22am
Quoting tantor1973
just got stopped out, it was a good ride for + 22 pips and +10, that's + 32 pips for today. that's trading the EURJPY only. I dont post charts because i dont use udine template. i use some of is rule. I only trade in the direction of the daily candle, in sync with 1h 4h and 30m candle direction keep it simple just one pair eurjpy i use 00 levels with pending orders trade the opening of London and New York
Tantor, glad that you found your way.
  • #26,439
  • Feb 4, 2015 3:26am Feb 4, 2015 3:26am
Trade #2 EJ 1h method, end of bar exit..... -10

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Since Jpy continues strong i thought it would go and at least touch the pivot, i was wrong.
Moving on to next trade.

Asmodai
  • #26,440
  • Feb 4, 2015 3:27am Feb 4, 2015 3:27am
Trade as from a forex textbook... all in place like a puzzle.

EU +17
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