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As simple as possible: 00 level trading

  • #34,021
  • Apr 12, 2016 5:50am Apr 12, 2016 5:50am
Today's quickest trade: EURAUD to TP in just under 30 sec.
Today's slowest trade: NZDCAD to TP, took only 6.5 hours to get there.

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #34,022
  • Apr 12, 2016 5:51am Apr 12, 2016 5:51am
Daisychaining NZDCAD: twice to TP

LuXing
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Wisdom begins in wonder
  • #34,023
  • Apr 12, 2016 5:55am Apr 12, 2016 5:55am
Only in trade during Frankfurt Open:
CHFJPY to TP

My picks after London Open:
EURJPY to TP
NZDJPY to TP

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #34,024
  • Apr 12, 2016 6:00am Apr 12, 2016 6:00am
Quoting bubincka
My trades this morning at LO. Waited about 5 mins letting the market to take its direction. USD and JPY were weak while AUD was strong since a while. #1 AUDUSD to TP #2 AUDJPY to TP --> when this exceeded 5 pips I closed it manually (+6.4 pips) because I saw that JPY strength was striking back. Bubincka {image} {image}
Excellent trades Bubincka, congratulations !!!
I was not in front of my screen, but I would have taken exactly the same trades.
AUDJPY stalled (also) because the 127 fib extension was in the way.
When USD and JPY go hand in hand in terms of strength/weakness and you decide to trade AUD against those, try and make it a habit of looking at potential barriers in both of those pairs.
See chart below, if AUDJPY bounces off the BRN, it might very well take AUDUSD down too....

LuXing
Attached Image (click to enlarge)
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Wisdom begins in wonder
  • #34,025
  • Apr 12, 2016 7:04am Apr 12, 2016 7:04am
Quoting LuXing
{quote} When USD and JPY go hand in hand in terms of strength/weakness and you decide to trade AUD against those, try and make it a habit of looking at potential barriers in both of those pairs.{image}
Thank you LuXing. I didn't look at these levels, but from now on I'll do it for sure.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,026
  • Apr 12, 2016 10:49am Apr 12, 2016 10:49am
Last trades for today:

CADCHF and GBPAUD to TP.

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #34,027
  • Apr 12, 2016 4:45pm Apr 12, 2016 4:45pm
Quoting LuXing
{quote} Excellent trades Bubincka, congratulations !!! I was not in front of my screen, but I would have taken exactly the same trades. AUDJPY stalled (also) because the 127 fib extension was in the way. When USD and JPY go hand in hand in terms of strength/weakness and you decide to trade AUD against those, try and make it a habit of looking at potential barriers in both of those pairs. See chart below, if AUDJPY bounces off the BRN, it might very well take AUDUSD down too.... LuXing {image}
Nice Bubincka Thanks for your comments LuXing
And my one from the morning:
AJ
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Stay positive MM
"All will be correctly, in this world is built" - The Master and Margarita
  • #34,028
  • Apr 13, 2016 1:53am Apr 13, 2016 1:53am
At FFO USD was stronger against all other currencies. There were chances to short EUR, NZD too. I picked the following trades:

#1 AUDUSD to TP
#2 USDCHF to TP

Now that "Dashboard Trading" thread seems to be dying, Udine's 00 level trading withstands!!
Thanks to LuXing and all the other fellow traders for keeping alive this great place of learning.

Bubincka
Attached Image(s) (click to enlarge)
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Porta itineris dicitur longissima esse
  • #34,029
  • Apr 13, 2016 3:07am Apr 13, 2016 3:07am
Asian session trades.

#1 NZDJPY to TP
#2 USDJPY to TP
#3 AUDJPY to TP
#4 EURJPY to TP
#5 NZDUSD to TP
#6 GBPJPY to SL, did not quite make it to TP in the first run
#7 USDJPY to TP again
#8 NZDJPY to TP again
#9 GBPCHF to TP
#10 NZDCHF to TP

LuXing
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Wisdom begins in wonder
  • #34,030
  • Apr 13, 2016 3:10am Apr 13, 2016 3:10am
Asian session cont'd.

#11 AUDJPY to TP
#12 NZDCAD to TP. Got really nasty spread widening and pending was triggered "early", but it all worked out.

During Frankfurt Open, EURAUD to TP.

LuXing
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Wisdom begins in wonder
  • #34,031
  • Apr 13, 2016 3:31am Apr 13, 2016 3:31am
#14 for today: USDJPY to TP.
Tricky one, I did not want to take it at the BRN fearing it would bounce off so set the pending one level higher.

LuXing
Attached Image (click to enlarge)
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Wisdom begins in wonder
  • #34,032
  • Apr 13, 2016 3:53am Apr 13, 2016 3:53am
Quoting LuXing
#14 for today: USDJPY to TP. Tricky one, I did not want to take it at the BRN fearing it would bounce off so set the pending one level higher. LuXing {image}
Speechless....
Porta itineris dicitur longissima esse
  • #34,033
  • Edited 4:47am Apr 13, 2016 4:34am | Edited 4:47am
Weak Swissie, weak JPY.
3 more bite the dust.

#15 NZDCHF
#16 USDCHF
#17 CADJPY

LuXing
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Wisdom begins in wonder
  • #34,034
  • Apr 13, 2016 8:55am Apr 13, 2016 8:55am
Last two trades for today:

#18 AUDCHF to TP
#19 CADCHF took a while, but finally hit TP as well

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #34,035
  • Apr 14, 2016 7:09am Apr 14, 2016 7:09am
Today's trade.

#1 NZDJPY to SL : going down, then reversed. Probably too far from DO + late entry.
#2 CADJPY to TP
#3 NZDUSD to TP (two times) : 1st trade on continuation, 2nd trade upon rejection from DS2.
#4 AUDCHF to TP
#5 NZDJPY to TP : rejection from BRN (a risky trade).
#6 AUDUSD to TP

Bubincka
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: NJ-TP.jpg Size: 121 KB
Porta itineris dicitur longissima esse
  • #34,036
  • Apr 14, 2016 7:29am Apr 14, 2016 7:29am
Quoting bubincka
Today's trade. #1 NZDJPY to SL : going down, then reversed. Probably too far from DO + late entry. #2 CADJPY to TP #3 NZDUSD to TP (two times) : 1st trade on continuation, 2nd trade upon rejection from DS2. #4 AUDCHF to TP #5 NZDJPY to TP : rejection from BRN (a risky trade). #6 AUDUSD to TP Bubincka {image} {image} {image} {image} {image} {image}
Good work

Red news now. Time to sit it out for a bit.
  • #34,037
  • Apr 14, 2016 7:40am Apr 14, 2016 7:40am
Quoting bubincka
Today's trade. #1 NZDJPY to SL : going down, then reversed. Probably too far from DO + late entry. #2 CADJPY to TP #3 NZDUSD to TP (two times) : 1st trade on continuation, 2nd trade upon rejection from DS2. #4 AUDCHF to TP #5 NZDJPY to TP : rejection from BRN (a risky trade). #6 AUDUSD to TP Bubincka
Hi bubincka,
Can you please post the indicators that you are using and the template.
It seems that I have messed up mine!

Thanks
  • #34,038
  • Apr 14, 2016 7:57am Apr 14, 2016 7:57am
Quoting Wapen
{quote} Hi bubincka, Can you please post the indicators that you are using and the template. It seems that I have messed up mine! Thanks
Hi Wapen, I use an excel file called "jojo_strength_1.2". You can find it in Dashboard trading thread. Alternatively I use Giraia CSM, you can find it in this thread.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
  • #34,039
  • Apr 14, 2016 9:00am Apr 14, 2016 9:00am
Quoting bubincka
Today's trade. #1 NZDJPY to SL : going down, then reversed. Probably too far from DO + late entry. #2 CADJPY to TP #3 NZDUSD to TP (two times) : 1st trade on continuation, 2nd trade upon rejection from DS2. #4 AUDCHF to TP #5 NZDJPY to TP : rejection from BRN (a risky trade). #6 AUDUSD to TP Bubincka {image} {image} {image} {image} {image} {image}
Good trades, except for the NJ.
1. What happened everytime PA came to the DS2 zone I circled ? It bounced up.
Now, if you are so adamant taking this trade, why not take it directly when DS2 level was broken ? That would have given you a TP.
2. NJ has a daily range of 128 and when you entered, it had already dropped 95 pips. There's still room down, but after 2 consecutive H4 candles totalling 75 pips and in view of the fact that this is Frankfurt, not the highest probabilities... (potential retrace, which in hindsight it did)
3. The average H1 candle size is 21 pips, your entry took place when price had travelled 24 pips already.
The combo of all of the above are IMHO "less than ideal", in other words this was not a high probability setup.
LuXing

P.S. The bottom of your screenshot is systematically cut off. Therefore I don't know if you use the xADR indicator, but if you don't stick it on a chart and watch it.
The higher up in the range, the farther you are stretching your luck.
Attached Image (click to enlarge)
Click to Enlarge Name: NJ.png Size: 50 KB
Attached File(s)
File Type: ex4 xADR_0.2renko_LuXing_mod.ex4   10 KB | 448 downloads
File Type: mq4 xADR_0.2renko_LuXing_mod.mq4   4 KB | 598 downloads
Wisdom begins in wonder
  • #34,040
  • Apr 14, 2016 9:11am Apr 14, 2016 9:11am
GBPJPY & AUDUSD to TP.

LuXing
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