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As simple as possible: 00 level trading

  • #29,741
  • Apr 15, 2015 11:53pm Apr 15, 2015 11:53pm
After much delay, L2 trade finally TP
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  • #29,742
  • Apr 16, 2015 12:00am Apr 16, 2015 12:00am
Quoting joe12345
{quote} Why USD cycle and not AUD or CAD? Only because not level 1? Also did you get an alert on your USDJPY trade?
Only prompt was the rapidity of JPY strength decline tick by tick with partial Udine setup. No alert.
I'm trying various ways to trade with CSM.
  • #29,743
  • Apr 16, 2015 12:02am Apr 16, 2015 12:02am
Quoting cycle
After much delay, L2 trade finally TP {image}
G'day Cycle, nice TP!
A few questions and sorry if they're obvious (still learning this method buddy)
1) What was your reasoning for going long with xADR suggesting not to after such a massive price movement already.
2) Was it mostly governed by the CSM?
3) Do you use a 100p SL? How come you weren't stopped out on your first candle of entry.
Appreciate your thoughts and again, well done.
  • #29,744
  • Apr 16, 2015 12:03am Apr 16, 2015 12:03am
Quoting joe12345
{quote} ...... and not AUD or CAD? ....
its difficult to enter all before the entry level is gone...
  • #29,745
  • Apr 16, 2015 12:08am Apr 16, 2015 12:08am
Thank you my friend.
  • #29,746
  • Apr 16, 2015 12:08am Apr 16, 2015 12:08am
.........
Quoting Kozij
{quote} ..... A few questions and sorry if they're obvious....1) What was your reasoning for going long with xADR suggesting not to after such a massive price movement already. 2) Was it mostly governed by the CSM? 3) Do you use a 100p SL? How come you weren't stopped out on your first candle of entry......
1) What was your reasoning for going long with xADR suggesting not to after such a massive price movement already.

Not looking at ADR.

2) Was it mostly governed by the CSM?

Yes and the rate at which strength rises/decline. Remember it shows only past data.

3) Do you use a 100p SL? How come you weren't stopped out on your first candle of entry...

didn't trigger on first candle. Knew this Q was coming.
No need to be sarcastic. Just enjoy.
  • #29,747
  • Apr 16, 2015 1:14am Apr 16, 2015 1:14am
Trade entered when NZD was 5 and JPY was declining to 1.4. Subsequently ranged as JPY came back up. Now TPed when JPY again declined.
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  • #29,748
  • Apr 16, 2015 1:40am Apr 16, 2015 1:40am
Quoting cycle
early trade based on CSM {image} {image}
Hi cycle

May i ask why the entry @250 and not @200??


Asmodai
  • #29,749
  • Apr 16, 2015 1:50am Apr 16, 2015 1:50am
Quoting Asmodai
{quote}...... why the entry @250 and not @200?? Asmodai
JPY strength was more than 2.
  • #29,750
  • Apr 16, 2015 1:57am Apr 16, 2015 1:57am
Quoting cycle
{quote} JPY strength was more than 2.
Ok, so your looking at the pair and when JPY strenght drops below 2, you set the pending order. Right??

I'm only asking this, because alot of charts are being posted that use strenght meters to help. And alot of the entries dont look like your usual Udine trade.

The timing of the entry is very important.

Asmodai
  • #29,751
  • Apr 16, 2015 1:59am Apr 16, 2015 1:59am
Quoting cycle
early trade based on CSM {image} {image}
Hi Cycle,

What's the name of that strength meter. Is it a modified version of Giraia?
Thanks
  • #29,752
  • Apr 16, 2015 2:15am Apr 16, 2015 2:15am
Buenos días,

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

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
Wisdom begins in wonder
  • #29,753
  • Apr 16, 2015 2:16am Apr 16, 2015 2:16am
Quoting Asmodai
{quote} Ok, so your looking at the pair and when JPY strenght drops below 2, you set the pending order. Right?? I'm only asking this, because alot of charts are being posted that use strenght meters to help. And alot of the entries dont look like your usual Udine trade. The timing of the entry is very important. Asmodai
Only today i took some trades which were almost half Udine setups. All others are Udine setups confirmed by CSM.
  • #29,754
  • Apr 16, 2015 2:26am Apr 16, 2015 2:26am
UJ but missed GY which went up like a rocket..
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  • #29,755
  • Apr 16, 2015 2:35am Apr 16, 2015 2:35am
Trades #2 and #3 o/t day:

EURUSD and EURJPY to TP.

LuXing
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Screenshot2.png Size: 68 KB
Wisdom begins in wonder
  • #29,756
  • Apr 16, 2015 2:37am Apr 16, 2015 2:37am
good day
in 30 minutes London

EUR GBP +5
EUR USD +5
AUDJPY +5
EURAUD +5

AUD STRONG
EURO WEAK

I have seen some friends still do not understand, look what I explained in the post 29727.
Making entries in favor of the stronger and weaker against, and have a greater probability of success. I have seen friends to see who is the strongest and weakest in its windows and operate with other pairs ... do not understand.
A hug to everyone ... I will go back to bed.
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  • #29,757
  • Apr 16, 2015 2:38am Apr 16, 2015 2:38am
Level 2 trade
EU S SL

It will be extremely difficult to trade today for me because first trade is SL.
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  • #29,758
  • Apr 16, 2015 2:45am Apr 16, 2015 2:45am
AUDCAD to TP in-spite of previous huge candle.

No lose trade yet today : for those who say that we post only winning trades.
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  • #29,759
  • Apr 16, 2015 2:45am Apr 16, 2015 2:45am
Quoting iwan73
Level 2 trade EU S SL It will be extremely difficult to trade today for me because first trade is SL. {image}
Hi Iwan, my broker didn't go to 1.066 before 09:20 (local time, first hour of LO to me). At 09:03 it reached as low as 1.06601 so allmost a trigger but just stayed above.
Persistence will get it. Consistency will keep it.
  • #29,760
  • Apr 16, 2015 2:48am Apr 16, 2015 2:48am
AU also triggered but not taken because of CSM
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