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As simple as possible: 00 level trading

  • #28,841
  • Mar 27, 2015 1:56am Mar 27, 2015 1:56am
Quoting snail69
{quote} Thanks, very much because of you...

I brought you to the water, but you have to drink yourself

Udine
Sleep less, live fast, as it aint gonna last
  • #28,842
  • Mar 27, 2015 2:04am Mar 27, 2015 2:04am
Anyone on GJ long @ 177.10 ?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 45 KB
  • #28,843
  • Mar 27, 2015 2:05am Mar 27, 2015 2:05am
Quoting skyline
Anyone on GJ long @ 177.10 ? {image}
Yes @ 177.050... SL

The long wick on the previous candle should have been a warning for me...

Vlad
  • #28,844
  • Mar 27, 2015 2:05am Mar 27, 2015 2:05am
Quoting skyline
Anyone on GJ long @ 177.10 ? {image}

Yes. Took GJ long and hit the SL.
First trade for today -10p
  • #28,845
  • Mar 27, 2015 2:08am Mar 27, 2015 2:08am
Didnt you guys see that big wick???

Thats alot of rejection and alot of trouble.

Asmodai
  • #28,846
  • Mar 27, 2015 2:09am Mar 27, 2015 2:09am
Quoting gigicualex
{quote} Yes. Took GJ long and hit the SL. First trade for today -10p
I guess you were earlier on that order not level 1 if you already entered, ash color changed at close 11:30 so entry should be at 12:00, infact right now order is not triggered, but I could be wrong !
  • #28,847
  • Mar 27, 2015 2:11am Mar 27, 2015 2:11am
Quoting skyline
Anyone on GJ long @ 177.10 ? {image}

nope, looked at it, but did not like

1. the long wick...
2. price between DP, BRN and DO

so no entry for me

Udine
Sleep less, live fast, as it aint gonna last
  • #28,848
  • Mar 27, 2015 2:18am Mar 27, 2015 2:18am
Quoting skyline
{quote} I guess you were earlier on that order not level 1 if you already entered, ash color changed at close 11:30 so entry should be at 12:00, infact right now order is not triggered, but I could be wrong !
I entered at 05 level, precisely at 1.7705

Sent u a PM
  • #28,849
  • Mar 27, 2015 2:20am Mar 27, 2015 2:20am
I also took the GJ long.
-2.07% today, -13.9% altogether.

I decided to quit this Level 1 trading after 7 days, and concentrating my other project (which is very profitable) also based on Udine's basics, but more like Robinho's and Nasap's trades, based more on the momentum and relative strength of the currencies.
I think this Level 1 (2-3-4) type trading needs consistent watching of charts, from LO to LC. That's just not suits me since I have other work to arrange.
I like this system very much, just this style is not for me.
Good trading and good luck to anyone!
  • #28,850
  • Mar 27, 2015 2:27am Mar 27, 2015 2:27am
Quoting PartySheeper
I also took the GJ long. -2.07% today, -13.9% altogether. I decided to quit this Level 1 trading after 7 days, and concentrating my other project (which is very profitable) also based on Udine's basics, but more like Robinho's and Nasap's trades, based more on the momentum and relative strength of the currencies. I think this Level 1 (2-3-4) type trading needs consistent watching of charts, from LO to LC. That's just not suits me since I have other work to arrange. I like this system very much, just this style is not for me. Good trading and good...
Actually i think your wrong. Especially on the part of haveing to look at charts all the time.

You can set an alarm for 5 minutes before candle close and thats all you need.

Look for the setup AND LOOK DEEPER into the chart.

Dont just trade blindly every ASH change.

Asmodai
  • #28,851
  • Mar 27, 2015 2:30am Mar 27, 2015 2:30am
Quoting Udine
{quote} nope, looked at it, but did not like 1. the long wick... 2. price between DP, BRN and DO so no entry for me Udine
ok Udine, well no harm for me because pending order wasn't triggered
  • #28,852
  • Mar 27, 2015 2:31am Mar 27, 2015 2:31am
How about GJ short now @ 176.700? Previous candle too big?
  • #28,853
  • Mar 27, 2015 2:34am Mar 27, 2015 2:34am
Quoting Vlad13685
How about GJ short now @ 176.700? Previous candle too big?
GJ makes a fool out of me.
Another SL
Attached Image (click to enlarge)
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  • #28,854
  • Mar 27, 2015 2:34am Mar 27, 2015 2:34am
Quoting Vlad13685
How about GJ short now @ 176.700? Previous candle too big?
sl...
should avoid this trade due to the big previous candle...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30.png Size: 32 KB
Trade With PDF & Wisdom
  • #28,855
  • Mar 27, 2015 2:39am Mar 27, 2015 2:39am
Quoting gigicualex
{quote} GJ makes a fool out of me. Another SL {image}
Likewise...

I saw the big candle... but I didn't think it was "too" big. These school fees are getting expensive!

Vlad
  • #28,856
  • Mar 27, 2015 2:47am Mar 27, 2015 2:47am
JUST my thoughts for those who live downunder ... audusd is the 3rd (I think) biggest trader currriency going round ,,, the asian session gives us plenty ,then come 6pm london open till 10pm is more than enuff ..IMO , obviously where Udine lives the euro 's give the oppos , but dont neglect the JPY crosses in sthn hemisphere ... I wont post charts because they not strictly to Udine(the master ) rules but basically following his method ,thank you Udine again Q
Attached Image
Whats That? you're trading What?
  • #28,857
  • Mar 27, 2015 2:47am Mar 27, 2015 2:47am
Quoting gigicualex
{quote} GJ makes a fool out of me. Another SL {image}
Why not learn first how to catch a pony (EU, GU) and then wild mustangs (EJ, GJ).....
  • #28,858
  • Mar 27, 2015 2:50am Mar 27, 2015 2:50am
hi, Udine ea v1.1 is available somewhere?
  • #28,859
  • Mar 27, 2015 2:51am Mar 27, 2015 2:51am
I also made that mistake on GJ.

But i dont think the previous candle was that big, it was 31 compared to the 24 average.

I think its more about that being a support area and the fact that the GBP news ended about that time. The news werent red, but after all the people talking the market made its move.

I entered because i thought the support would be broken and i forgot about what effect the news might have.

A mistake.

Asmodai
  • #28,860
  • Mar 27, 2015 2:55am Mar 27, 2015 2:55am
Quoting snail69
{quote} Why not learn first how to catch a pony (EU, GU) and then wild mustangs (EJ, GJ).....
Been thinking that myself all week. GJ especially scares me a bit.

Asmodai
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