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5 Seconds " L "

  • #121
  • May 4, 2009 10:53pm May 4, 2009 10:53pm
My entries are a scalper's favorite ones but the TP is not comparable. We want big numbers for TP. The advantage is that there will almost no risk or loss. Winnings will be rare, yes, but when they come, they will be worth throwing a party specially as the account grows.

Let's not forget, I am currently playing Default Order Size at 98% on a 1:50 Leverage

As I perfect my trading, I will start searching for a 1:200 leverage when I see constant stability in my trading... because the orders will be huge and it will hurt with with this type of Default order size %. Winning will be huge.
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  • #122
  • May 4, 2009 11:04pm May 4, 2009 11:04pm
Do you adjust to 0sl as soon as its in positive?
  • #123
  • May 4, 2009 11:07pm May 4, 2009 11:07pm
Quoting darkness
Do you adjust to 0sl as soon as its in positive?

about 5 pips past.....
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  • #124
  • May 4, 2009 11:10pm May 4, 2009 11:10pm
Makes sense.

So you going to trade full london session tonight?
  • #125
  • May 4, 2009 11:15pm May 4, 2009 11:15pm
Hi Tony,

Have you seen this approach working on a raising market as well or is it only for shorts?

Thanks
TradeStar
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #126
  • May 4, 2009 11:23pm May 4, 2009 11:23pm
Quoting darkness
Makes sense.

So you going to trade full london session tonight?

I have to... might take a break and sleep a few hours... lack of sleeping is really a big problem for me these days... I need get used to the night life with the euro...
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  • #127
  • May 4, 2009 11:26pm May 4, 2009 11:26pm
Quoting TradeStar
Hi Tony,

Have you seen this approach working on a raising market as well or is it only for shorts?

Thanks
TradeStar
Longs on the euro seem ''more difficult to detect'' I don't know if it's me but shorts is something my brain recognizes more... and longs are not traded the same way with the euro... breakouts are different when up compared to down. Countless hours of screen time make me more at ease when it goes down...
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  • #128
  • May 4, 2009 11:33pm May 4, 2009 11:33pm
I like to short, especially with immediate trend.
  • #129
  • May 4, 2009 11:37pm May 4, 2009 11:37pm
look euro is on an uptread now.... can't seem to find my entry .. perfect entry that is
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  • #130
  • May 4, 2009 11:45pm May 4, 2009 11:45pm
Some intense buying pressure
  • #131
  • May 5, 2009 12:02am May 5, 2009 12:02am
followed by someone that emptied their euro wallets, bank? big euro millionaire? either way let's go with him 0SL stamped on this one!

TP..... lets put 25 PIPS 1.3350 seems good,... if I was more sleepy I would set it to 1.3300 and go to bed. 0SL.. helps me sleep tight, I'm starting to enjoy this
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  • #132
  • May 5, 2009 12:07am May 5, 2009 12:07am
lets see if that one will come back in my face... either way I couldn't care less
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  • #133
  • May 5, 2009 12:14am May 5, 2009 12:14am
we took a devastating and disappointing 0$ loss

what made me mad is Oanda rise the spread for about a minute... this was weird... and there was no news... It came so close

spread went from 1.5 to 2 for just a moment.... and that 0.5 took out my trade.... anyways...
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  • #134
  • May 5, 2009 12:18am May 5, 2009 12:18am
I will stop to trade for a few hours until they stop posting those ugly spreads and stop boosting them up every second

can't wait to switch to a 0.5 spread platinum broker... I will when my account grows more
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  • #135
  • May 5, 2009 12:32am May 5, 2009 12:32am
London open should tighten up the spread a bit
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  • #136
  • May 5, 2009 2:06am May 5, 2009 2:06am
2 pips loss recored - TP was set to 50 pips, not reached
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  • #137
  • May 5, 2009 6:03am May 5, 2009 6:03am
Quoting Tony112
look euro is on an uptread now.... can't seem to find my entry .. perfect entry that is

It will be hard to bring SL to zero for longs until the price has traveled sufficiently (given the nature of upward price move vs. downward). It is going to require more cushion on the longs.

Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #138
  • May 5, 2009 7:37am May 5, 2009 7:37am
Quoting Tony112
....can't wait to switch to a 0.5 spread platinum broker... I will when my account grows more
which broker has the .5 spread? and which are you going to switch to?
  • #139
  • May 5, 2009 8:57pm May 5, 2009 8:57pm
entry missed because of sleeping, I have to learn to manage my time to be able to stay awake at least from London open to 2-3 hours after NY Open. This morning I was mad as hell when I saw my historical 5 sec chart during the night.
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  • #140
  • May 5, 2009 10:59pm May 5, 2009 10:59pm
Quoting ttradr
which broker has the .5 spread? and which are you going to switch to?

I'm not sure... I heard of brokers offering this but don't know who
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