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As simple as possible: 00 level trading

Quoting marcoFF
Thanks so much fxrabbi and daytrade5, especcaily for your patience. If someone wants to comment on the first two trade today I'd be happy! {image}
marcoFF...........I like your EurJpy trade. On the EurUsd I like the 450 level a lot better.
"Amat Victoria Curam" Victory Loves Preparation
Thanks guys, your help is really appreciated. I have review EJ and boyh obviusly are right.
Since a key thing is to avoid losses can you tell me (if) I have done something wrong in the entrance @189.450 sell GJ?
Thanks!
Quoting marcoFF
Thanks guys, your help is really appreciated. I have review EJ and boyh obviusly are right. Since a key thing is to avoid losses can you tell me (if) I have done something wrong in the entrance @189.450 sell GJ? Thanks!
marcoFF, It looks like you sold 350 and not the 450 level. Not sure what you were looking at. LoL :nerd:
"Amat Victoria Curam" Victory Loves Preparation
Quoting daytrade5
{quote} marcoFF, It looks like you sold 350 and not the 450 level. Not sure what you were looking at. LoL :nerd:
.
Yes you are right my falt, i sell @350 because I want have waited the price go trought the DP and WP (i dont set a trade if a pivot line is between the open and TP, right?)

Two trade more @EJ EU:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ+EU.png Size: 161 KB


At EJ the correct entry was at 136.700... ?
TS +3.7

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY+M15.png Size: 110 KB
TS +2.4

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD+M5.png Size: 113 KB
GJ entry long @190.100 TP , GU long @1.52450 SL
Attached Image (click to enlarge)
Click to Enlarge Name: GU+GJ.png Size: 114 KB
Quoting marcoFF
GJ entry long @190.100 TP , GU long @1.52450 SL {image}
marcoFF I didn't have an issue with your trade in the GbpJpy. On the GbpUsd it looks to me like you took the trade right at resistance. There were already had 2 30min candles bounce off of the 450 level before you placed you order at that exact same level. I would have looked at entering at the 500 level level above the resistance. That order would have eventually been filled for a winner.
"Amat Victoria Curam" Victory Loves Preparation
Thank as always. At the moment today I have 8 TP, 3 SL and 4 TS (not count 2 minor loss, my mistake).
It can be a +0.6%, and i have paid more or less 16.48e of commision that like a -16% (all related to a 1 account).
I am very niewbie and a do a lot of error, but maybe i should change something in my RR ratio.
Any suggestion?
Attached Image (click to enlarge)
Click to Enlarge Name: today.png Size: 92 KB
Quoting marcoFF
Thank as always. At the moment today I have 8 TP, 3 SL and 4 TS (not count 2 minor loss, my mistake). It can be a +0.6%, and i have paid more or less 16.48e of commision that like a -16% (all related to a 1 account). I am very niewbie and a do a lot of error, but maybe i should change something in my RR ratio. Any suggestion? {image}
Nice job.....at least 2 of the SL never should have happened which would have made a dramatic difference in your final results. As an example, review post# 31,490 and that chart.
"Amat Victoria Curam" Victory Loves Preparation
Hey all! Appreciate everyone's input on this thread to make it what it is.
I see this indicator on the thread that arranges currencies vertically according to their strengths.
Can someone please give a link on where to get it.
KISS!
L.L.L.T
Quoting daytrade5
{quote} marcoFF..........When this thread first started, the method was traded using 15min charts. I have always been comfortable with that timeframe. I am using the same entry rules as the 30min chart applied to the 15min chart. As far as the TS settings, I have mine set to "false". I still have the BE set at 3.5pips. The indicator was created by Swingman under this thread: http://www.forexfactory.com/showthread.php?t=531845 post #29 the indicator is called sm00Level...
Daytrade5,
I'm checking out swingman's indi. Just curious why it's on some of your trades but not others?
Thanks in advance,
Jason
Quoting marcoFF
Thank as always. At the moment today I have 8 TP, 3 SL and 4 TS (not count 2 minor loss, my mistake). It can be a +0.6%, and i have paid more or less 16.48e of commision that like a -16% (all related to a 1 account). I am very niewbie and a do a lot of error, but maybe i should change something in my RR ratio. Any suggestion? {image}
Why dont you do the followings for NOW:

1. Only Level 1 entry.

2 . Only the 4 core pairs.

3. The PDF & BCC.

Cheers,
Yomi
Be Dumb and Follow Price
Quoting bapakjason
{quote} Daytrade5, I'm checking out swingman's indi. Just curious why it's on some of your trades but not others? Thanks in advance, Jason
I have everything setup on my main computer which had a minor crash this morning. That left me trading from my wife's laptop until I got things resolved.
"Amat Victoria Curam" Victory Loves Preparation
gbp/usd ts +4.3

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Quoting daytrade5
{quote} I have everything setup on my main computer which had a minor crash this morning. That left me trading from my wife's laptop until I got things resolved.
understood. thanks. i assume there is no real difference between the two? swingman's just simplified a bit by consolidating into one indi?
nice trades, by the way.
jason
Quoting bapakjason
{quote} understood. thanks. i assume there is no real difference between the two? swingman's just simplified a bit by consolidating into one indi? nice trades, by the way. jason
That is correct.......it is identical, just a different look.
"Amat Victoria Curam" Victory Loves Preparation
Hey guy

which broker are you guys using now? I have tried FXCM, XM and Exness . These broker's demo account offer high spreads on common pairs like EU and GU pairs .
EURJPY = +20pips
EURUSD = +20pips

Comments:

A good retracement trading back up by the following:

1. pairs in sync.
2. good strength/volume/momentum.
3. exposed by macd.

Cheers,
Yomi
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 64 KB
Click to Enlarge Name: EURUSDM15.png Size: 65 KB
Be Dumb and Follow Price
Quoting fxrabbi
EURJPY = +20pips EURUSD = +20pips Comments: A good retracement trading back up by the following: 1. pairs in sync. 2. good strength/volume/momentum. 3. exposed by macd. Cheers, Yomi {image} {image}
good 40!
Why did u wait to enter? Watching momentum at round numbers?
jason
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