Simplicity is the Key | Page 76 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Simplicity is the ultimate form of sophistication ( Elite ) 866 replies

Why are we afraid of simplicity? 96 replies

Simplicity is the key to brilliance 36 replies

Signals for Simplicity 1,144 replies

The Journal of Simplicity Trade 12 replies

Attachments: Simplicity is the Key
Exit Attachments

Simplicity is the Key

  • #1,501
  • Apr 11, 2007 9:16am Apr 11, 2007 9:16am
Quoting fxnewb
EURJPY @160.03
USDJPY @119.19

Thanks T101
EURJPY @160.03 Profit +35
USDJPY @119.19 Profit +25

Total .... +60

Great Call T101...much appreciated!
  • #1,502
  • Apr 11, 2007 10:24am Apr 11, 2007 10:24am
Thanks y'all for the update. Keep it coming good or bad. My broker's website and Accucharts are both block in my terminal by our IT Manager, anybody can teach me how to unblock it..please. But we are doing good. Are we having fun on the Japanese cross pairs???
  • #1,503
  • Apr 11, 2007 10:28am Apr 11, 2007 10:28am
Quoting trader101
Thanks y'all for the update. Keep it coming good or bad. My broker's website and Accucharts are both block in my terminal by our IT Manager, anybody can teach me how to unblock it..please. But we are doing good. Are we having fun on the Japanese cross pairs???
I'm having fun!
  • #1,504
  • Apr 11, 2007 10:41am Apr 11, 2007 10:41am
I am from Europe, and I trade forex for only 3 weeks. I have already a big loose last week and I hope I can learn with you guys in this forum.

How can I receive all the tips from Trader101, because he tells when to buy or sell but with no price entry!
There are any Private Messages.

I hope I can Join you and WIN

Regards and Thank you
  • #1,505
  • Apr 11, 2007 10:43am Apr 11, 2007 10:43am
Quoting trader101
My broker's website and Accucharts are both block in my terminal by our IT Manager, anybody can teach me how to unblock it..please.
Setup a dynip account and use remote desktop to connect to your home computer.
  • #1,506
  • Apr 11, 2007 11:14am Apr 11, 2007 11:14am
Come and join the fun...Sir..
Well make sure that even if you loss you still have fun..LOL
If you see MP on the entry price the is "Market Price", the current price when the call was made.
Quoting BoredToLoose
I am from Europe, and I trade forex for only 3 weeks. I have already a big loose last week and I hope I can learn with you guys in this forum.

How can I receive all the tips from Trader101, because he tells when to buy or sell but with no price entry!
There are any Private Messages.

I hope I can Join you and WIN

Regards and Thank you
  • #1,507
  • Apr 11, 2007 11:30am Apr 11, 2007 11:30am
I really feel bad that i left out the GBP/jpy this morning on my swing trades, my program says LONG but my mind says it will reverse, and my mind prevails over the method. I would like to share some of my trading style with everyone that i might think will learn from it ( the good ones--copy the bad ones--no). When the 2 markets overlapped like the JPY and UK, i normally do scalping. I have 2 methods for scalping, the first one is easy to follow, this is the one im going to share...On a demo account buy all the JPY cross pairs unity like 10cents a pip. open your accucharts, one workspace h just the 7 JPY's watch the pip tally after like 10 or 15 minutes, some will become positve the other will be negative or all pos or all negatives. Now watch the pair that is the weakest, lets say it is the EUR/jpy also determine the strongest lets say it is the USD/jpy. The EJ should be at least twice the value of the UJ in opposite order. After detemining the strongest and a the weakest. Make another accucahrt workspace for 7 majors( incl the uJ) then trade the EURusd SHort. This trade should not last long. The scalping lottage should be like 100 lots. You dont want to stay long in the trade. If you get 3 pips that is good that is already $300.00 if 5 even better $500.00. I normally do this in the comfort of my home not in the office and my success rate here is like 75%. Remember if you loss 5 pips run away, that is why you have to be very very pretty sure of your analysis.
  • #1,508
  • Apr 11, 2007 11:32am Apr 11, 2007 11:32am
When you start your trade it should be in a real live account..the demo account is what i call a tracer account.
  • #1,509
  • Apr 11, 2007 11:33am Apr 11, 2007 11:33am
Hi Trader 101,

Many Thanks for the reply.
Only now I saw that MP means Market Price.
I am reading too many posts in this forum that I am already very dizzy.
I lost 3 contracts last week with 40 pips , it was too much money for me.
Is this kind of lost big one to you for a week or no.
I am trying to see if I can use a strategy to reduce this kind of losses.
For now I am using only 0.5 contract per trade.

And about trade with the news, what do you think about it! Do you try to use 3 or 5 contracts to win only 5 to 8 pips or this kind of strategy are wrong!!

I have a lot of inexperience, and I hope I can learn here with you guys.

I do not know how to use fiibonacci tool, for example , I read some AFX news with fibonacci results, and never are equal to mine.

Sorry if my english is not too good, but I am from South of Europe.

bye
  • #1,510
  • Apr 11, 2007 11:47am Apr 11, 2007 11:47am
Quoting trader101
Thanks y'all for the update. Keep it coming good or bad. My broker's website and Accucharts are both block in my terminal by our IT Manager, anybody can teach me how to unblock it..please.
Do you really want to run the risk of being fired. Your IT department if they are competent enough will be able to monitor any and all outbound connections you are making. If they have blocked the ports you need to access your brokers website chances are they will shut down the port remote desktop uses. Not to mention what kind of questions it will bring up when the IT manager sees a IP address on the company subnet connecting to a remote machine. You could very will be fired for this.
  • #1,511
  • Apr 11, 2007 1:20pm Apr 11, 2007 1:20pm
I agree with IMBIBER about your IT department watching you. I was going to let you remote to one of my machines but I wondered if they would monitor you being connected to my IP all day and what they would do about that. Do you know if your IT department is watching you or was it management asking to have those sites blocked? You can PM me about the details so we can come up with a list of options for you.

btw I am +20 eur/jpy and + 25 usd/jpy thank you very much!
  • #1,512
  • Apr 11, 2007 2:29pm Apr 11, 2007 2:29pm
Quoting georgek
I agree with IMBIBER about your IT department watching you. I was going to let you remote to one of my machines but I wondered if they would monitor you being connected to my IP all day and what they would do about that. Do you know if your IT department is watching you or was it management asking to have those sites blocked? You can PM me about the details so we can come up with a list of options for you.

btw I am +20 eur/jpy and + 25 usd/jpy thank you very much!
You are welcome..George..
Also i like to thank you and imbiber for your suggestions. If you both says that it will not be good then i will concur with you guys, you know more than me in that department. Our firm is not that big kind of firm that we tend to categorize every New York firm. We are an engineering firm of about 100 personnel including those in the field. Our IT department is the most unwatch and underrated dept. It is run by a third party-parttimer who most of the time control the computer by remote access. I dislike this fellow for being so rude and his disrespect of others. The upper management has no say on this matter. I think this IT manager runs a scanner every now and then and then remove those illegally installed software. I am the only one that has access to download and install software but no access to uninstall. I dont know why. Because being a proj manager, i also control the CAD department. I doubt that they are going to fire me for that, i have the most ongoing projects amounting to 360 million and it is not easy to find a senior guy to handle such project magnitude.
  • #1,513
  • Apr 11, 2007 3:44pm Apr 11, 2007 3:44pm
I am currently @uj -10
ej -10.2 and still holding
  • #1,514
  • Apr 11, 2007 3:55pm Apr 11, 2007 3:55pm
UPDATE AS OF 4:41 PM
CLOSING My 5 swing trades;
14. BUY EURJPY @160.05 Profit +23
15. BUY USDJPY @119.22 Profit +12
16. BUY CADJPY @104.07 Profit +61
15. BUY NZDJPY @86.87 Loss -2
16. BUY AUDJPY @98.41 Profit +1
Net total for this trades ---- 95 pips

I did made a very stupid mistake in this trade. But...it was a good stupid mistake. I normally trade only 2 lots or a max of 3 lots for swing trades. Only now i realize that i traded 10 lots for each of this pairs. I forgot to change the lot sizes this morning because i was almost late already. So i just made about $800.00. Never do that always check the amount of your lot especially in FX Sol that you can keep changing your lot amount.
  • #1,515
  • Apr 11, 2007 3:57pm Apr 11, 2007 3:57pm
Quoting trinifx
I am currently @uj -10
ej -10.2 and still holding
Do not worry, you are in a trend, i just harvested my pips to avoid the Carry Trade Cost by FX Sol. I will come back after 5:00 when they complete the deduction of Cost of Carry.
  • #1,516
  • Apr 11, 2007 3:59pm Apr 11, 2007 3:59pm
PIP TALLY FOR THE WEEK

Tuesday ----103 pips
Today ---- 206 pips
  • #1,517
  • Apr 11, 2007 4:38pm Apr 11, 2007 4:38pm
Please note that I am no longer sending E-mailed trade calls. i started it last Thursday I think..You have to come here in this thread and get your Trade Calls. That is true to everybody following my trade here.
Thanks and regards
  • #1,518
  • Apr 11, 2007 4:49pm Apr 11, 2007 4:49pm
New Trades 4-11-07

17. Buy Audjpy @mp
18. Buy Nzdjpy @mp

Sl 35+spread
Tp --ud
  • #1,519
  • Apr 11, 2007 4:53pm Apr 11, 2007 4:53pm
my New Trades 4-11-07
17. Buy Audjpy @98.56
18. Buy Nzdjpy @87.04
Sl 35+spread
Tp --TBA
GOOD LUCK TO US ALL. PLS REMEMBER YOU ARE TRADING AT YOUR OWN RISK
  • #1,520
  • Apr 11, 2007 4:55pm Apr 11, 2007 4:55pm
i am in both with 1 lot each
0 traders viewing now