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As simple as possible: 00 level trading

  • #27,981
  • Mar 18, 2015 12:32am Mar 18, 2015 12:32am
It was right on the open, didn't take it...lucky
  • #27,982
  • Mar 18, 2015 12:32am Mar 18, 2015 12:32am
Good morning and good trading everyone.

Asmodai
  • #27,983
  • Mar 18, 2015 12:33am Mar 18, 2015 12:33am
Quoting Vlad13685
Potential level 1 entry coming up on GU if price rises enough... lets wait and see...
Good call Vlad! I just got TP on that!
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  • #27,984
  • Mar 18, 2015 12:35am Mar 18, 2015 12:35am
Quoting diallist
{quote} Good call Vlad! I just got TP on that!
I didnt get ASH confirmation on GU, not sure what is missing...
Life is like a snickers, its full of nuts!
  • #27,985
  • Mar 18, 2015 12:36am Mar 18, 2015 12:36am
Quoting diallist
{quote} Good call Vlad! I just got TP on that!
My ASH stayed red for the open candle GU?

Rapid
  • #27,986
  • Mar 18, 2015 12:38am Mar 18, 2015 12:38am
For me the ASH was red on last candle, so I need to wait for the nest candle for confirmation...

Attached Image (click to enlarge)
Click to Enlarge Name: GU 1.jpg Size: 126 KB
Life is like a snickers, its full of nuts!
  • #27,987
  • Mar 18, 2015 12:40am Mar 18, 2015 12:40am
Quoting firewight
For me the ASH was red on last candle, so I need to wait for the nest candle for confirmation... {image}
Same

R
  • #27,988
  • Mar 18, 2015 12:40am Mar 18, 2015 12:40am
Quoting firewight
{quote} Dial I'm not so sure about that, will let Udine chime in on that one for confirmation.
G'day mate!

He already has in post 27870. Read his definition on the chart and see if you agree with my interpretation.

I am more than ready to be corrected by Udine however.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,989
  • Mar 18, 2015 12:41am Mar 18, 2015 12:41am
So there are potentially 4 level 1 entries coming up on the standard pairs.

Whats the thinking on this? If we get 4 signals do we take all 4 entries? Or do we manage our risk by taking say the best 2 looking entries?

Vlad
  • #27,990
  • Mar 18, 2015 12:43am Mar 18, 2015 12:43am
Quoting firewight
{quote} I didnt get ASH confirmation on GU, not sure what is missing...
Also did not get final ASH confirmation... no problem there will be others!
  • #27,991
  • Mar 18, 2015 12:44am Mar 18, 2015 12:44am
Quoting diallist
{quote} G'day mate! He already has in post 27870. Read his definition on the chart and see if you agree with my interpretation. I am more than ready to be corrected by Udine however.
My understanding of the Level 2 entry is the Mcandles & the ASH must still align in the same colour, then if the candle colour changes back to the same colour as the indicators, you can enter. It seems to be more for re-entry on pullbacks.
Life is like a snickers, its full of nuts!
  • #27,992
  • Mar 18, 2015 12:45am Mar 18, 2015 12:45am
Buenos días familia,

Today I will only trade the "basic entries", that is after an ASH M30 color change.

Trade #1 o/t day: CADJPY to TP.

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
Wisdom begins in wonder
  • #27,993
  • Mar 18, 2015 12:50am Mar 18, 2015 12:50am
Quoting firewight
{quote} My understanding of the Level 2 entry is the Mcandles & the ASH must still align, then if the candle changes you can enter. It seems to be more for re-entry on pullbacks.
That's what I said in my post. We are in agreement mate!

But, I don't think of it as reentry, I look at it as initial entry.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,994
  • Mar 18, 2015 12:52am Mar 18, 2015 12:52am
Quoting Vlad13685
So there are potentially 4 level 1 entries coming up on the standard pairs. Whats the thinking on this? If we get 4 signals do we take all 4 entries? Or do we manage our risk by taking say the best 2 looking entries? Vlad
I don't. I'll only have two trades running at any given time.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,995
  • Mar 18, 2015 12:54am Mar 18, 2015 12:54am
Quoting diallist
{quote} That's what I said in my post. We are in agreement mate! But, I don't think of it as reentry, I look at it as initial entry.
But the ASH didnt align at that time... At least not on my charts...

Hence my confusion on why you took the trade!
Life is like a snickers, its full of nuts!
  • #27,996
  • Mar 18, 2015 12:58am Mar 18, 2015 12:58am
Hi Udine,

Thoughts on the candle size EJ and EU?

Rapid
  • #27,997
  • Mar 18, 2015 1:00am Mar 18, 2015 1:00am
Quoting firewight
{quote} But the ASH didnt align at that time... At least not on my charts... Hence my confusion on why you took the trade!
Ah, I see what you mean. My ASH was good for my trade. I wish I could post a screenshot but I'm not at my computer. I'm trading remotely via my iPhone.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #27,998
  • Mar 18, 2015 1:04am Mar 18, 2015 1:04am
Quoting diallist
{quote} Ah, I see what you mean. My ASH was good for my trade. I wish I could post a screenshot but I'm not at my computer. I'm trading remotely via my iPhone.
It's all good mate, active discussion about chart setups helps us all work towards the same conclusion!
Life is like a snickers, its full of nuts!
  • #27,999
  • Mar 18, 2015 1:21am Mar 18, 2015 1:21am
Quoting firewight
{quote} It's all good mate, active discussion about chart setups helps us all work towards the same conclusion!
My ASH only turned green for that one candle then it turned back to red on the next candles.

I think it may have been right at the tipping point of price, so the ASH turned green just as the candle closed. In retrospect, looking at how price action turned out, I think I got really lucky getting TP.

I'll chalk this up to difference in broker feeds.
sxaxlxvxaxtxixoxnxbxyxgxrxaxcxexdxoxtxoxrxgx
  • #28,000
  • Mar 18, 2015 1:22am Mar 18, 2015 1:22am
Quoting rapidedward
Hi Udine, Thoughts on the candle size EJ and EU? Rapid

I watched the EU and EJ, but did not do anything...

thought it might be a Frankfurt Fakey...

EU was about 25 pips ATR for the last 480 candles pips 17 pips.. that before London open makes me feel uncomfortable.. so I wait..

EJ candle was even bigger..

Now the GU and GJ, seems the market is already getting warmed up for the red news later today..

I will be sitting it out, with a good italian espresso

Udine
Sleep less, live fast, as it aint gonna last
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