Beat brokers at their own game - trading round figures

GBPCAD sell winner from a pending order.



Green pips all, have a great weekend

EJ manual trade closed early because I got bored and I don't like being in trades over the weekend.



it works

EJ sell did finally hit target.

GJ short kicks off the new week.

Plan the trade and trade the plan.



Green pips all.

Away from the computer most of the day today,however a pending buy on gold triggered.

Sold GBPNZD to the 1/2 RN.

Tuesdays overnight pending order on Gold hit target RN whilst I was sleeping. Stress free pips,

A good start to the new day.



Green pips all

Hi HighFive, how many pips average do you have on your winning side and what about the spreads?

Hi, I currently use ICMarkets, the spreads are very good. I go for lower targets say 5-7 pips when setting pending orders. When I can watch the setups forming I use the price action to get better entries, say 10 - 20 pips.

i use icMarkets too,all fine ,only bad thing is why they change spread arround when daily candle change,and also often at high volatily pending orders not hit there where i set,but completly different,at payrolll,fomc..pending order not work on price where you set!

Good points. Spreads always expand at the start of the new day. Generally safe to set pending orders an hour or two after that. I always check news before entering trades or setting pending orders.

GJ buy using pending order because I am away for much of the morning

Another pending order triggered whilst I was busy away from the computer. GU buy.

Another pending order triggered whilst I was away from the computer.

Gold sell.

A manual sell on XTIUSD , nett 7 pip winner, to the 80 level for a change.

Hi HighFive
looks too simple.
Could you explain your rulez a little bit more plz ?
So you're placing your pending orders only in trend direction ?
What is the setting of that MA ?
And how do you interpret those other indies at the bottom ?
Sonic R and ASC Trend ??
Could you upload them ?

Best !

Hi mtacki, I have been very busy away from my computer today,I will answer your questions tomorrow,my apologies.

Another pending order win on Gold.

XTIUSD Manual sell trade to the 57.50 1/2 RN, Nett 19 pips.



Green pips all

Hi Mtacki,

Sorry for the delayed reply I have been very busy with family stuff recently.

Firstly I want to say that I am not trying to teach a trading method here but simply show that trading to the significant levels can be done with a high probability of winning.

It annoyed me that there were quite a few posts in this thread that said round number trading was a total waste of time, really annoyed me actually to the point I decided to post all of theses winning set-ups, purely in the hope other traders would test it for themselves.

I have been studying charts since 2005 and am always looking for the simplest methods to trade. This is truly a very simple method predominantly using the M1 trend and a simple understanding of support and resistance. I could trade this method with virtually naked charts using just the significant levels and the ADR indicator. I have a collection of non-repainting indicators that I use for fine-tuning my entries to try to minimise drawdown. The volume candles are NOT used in this method but I just like how they look on my charts.

Pending orders should not be considered until you have mastered manually trading this method with a high degree of profitability.

As mentioned a few posts ago I set pending orders with tighter targets say 5 or 6 pips instead of 10-20 pips for manual trades. The ADR and following M1 trend are very important when setting pending orders.

So to answer your questions.

The MA is the M5 50 ema, which is the M1 250 ema.

As mentioned above the indis are surplus to requirements except to use as fine tuning the entry so you can forget them or choose your own.

Test trading to the levels yourself, practice will give you a better idea how price reacts to the levels.

The ASCTrend indicator can be found on the Genesis Matrix thread.