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TraCop-1%

  • #401
  • Jan 17, 2010 4:52pm Jan 17, 2010 4:52pm
Hello Forexcube,

Thank you for your kind reply, as always. Helps me learn your TraCop-1% Strategy slowly but surely.

Quoting Forexcube
OTS means "Online Trading System",...now online! Unfortunately there is no technique for a direct screen viewing 1:1 ... That would be the best. In this writing form as it is now it is every time a delay. If I won't continue the explenation during the trades I close and say "OTS - Close".
If you could tell us the "investors password" or "view only password" that is advised in the internal email (registration) of the MT4 platform when you open a new demo account, we can view all the trades as you enter and exit.

Quoting Forexcube
I trade GBPJPY very often but I don't have make any comments so far.
GBPJPY is an excellent main currency pair for M5, M15, M30, H1 and higher TF's - concerning the higher spreads, I' wouldn't trade it on M1.
When liquidity is high, spread gets tighter; down to 3 to 5 pips on ibfx, OandA, etc. Also the high volatility of this pair provides quicker achievement of profits. So I like GBPJPY. EURJPY spread is 3 to 4 pips, smooth price movements but lower volatility. USDJPY movement is quite peculiar.

I would like to see you trade GBPJPY on M5 and present the Detailed Statement for us to learn.

Suggestion when you upload the PDF report: Your trades are line up in the order of Close Time, bottoms up. I suggest you re-align those trades in the order of Tickets (=Open Time), in the normal chronological order, and print in PDF format, so that we can follow your trades on the charts with ease, less stress and confusion.

Currently I convert your PDF report into Word doc and then read with Excel and re-arrange to the order of Ticket or Open time. Hopefully I can avoid this work.

Quoting Forexcube
Ibfx @100:1 aspect: I don't know. I could make a demo there and could test it. I go along with 100:1 at Alpari UK Demo, too - that is what Alpari has show me at least, when I have open this 1'000.- $ Account - so it should go.
All USA brokers are now regulated to the max 100:1 leverage, as you may know. So it would be nice if you show us trade on ibfx or fxdd with this limitations.

AlpariUK demo is all set to 500:1 no matter what you set when you opened new demo account. Further, one must be aware that demo allows fractional lots such as 0.50 or 0.05 lots but when you go real, this is only available with their "micro" accounts, and this "micro" account only allows a max of 2.0 lots open at a time. They have "classic" account real, but this does not allow fractional lots. You can only enter 1.0 or hither lots to trade. No max lots limitation with "classic". I suffered from these limitations with my live accounts with AlpariUK, which is bad enough, in addition to frequent requotes or waiting time for entry/exit.

Thank you again Forexcube for your time and efforts. We all appreciate it. RS
  • #402
  • Jan 17, 2010 5:02pm Jan 17, 2010 5:02pm
Quoting RisingSun
Hello Forexcube,

Thank you for your kind reply, as always. Helps me learn your TraCop-1% Strategy slowly but surely.



If you could tell us the "investors password" or "view only password" that is advised in the internal email (registration) of the MT4 platform when you open a new demo account, we can view all the trades as you enter and exit.



When liquidity is high, spread gets tighter; down to 3 to 5 pips on ibfx, OandA, etc. Also the high volatility of this pair provides quicker achievement of profits. So I like GBPJPY. EURJPY spread...
To me it sounds like you're asking your teacher to do your home work.
  • #403
  • Edited 5:31pm Jan 17, 2010 5:10pm | Edited 5:31pm
Quoting GulfCoastPip
To me it sounds like you're asking your teacher to do your home work.
I just want to learn the master's way; sharing my experience is purely for those who might benefit from it... Trade well RS
  • #404
  • Jan 17, 2010 6:35pm Jan 17, 2010 6:35pm
@givduL

Just come across an interesting post in other thread, so I thought I might share with you and others. Forexcube may have different thoughts with his TraCop-1% strategy; pls forgive me for confusion, if any. RS

http://www.forexfactory.com/showthre...6&goto=newpost

Times To Trade
Look for Entry points between 24:00 GMT through to 14:00 GMT on new Signals. Outside of those times the market historically offers very little in the way of opportunity to catch momentum. Full momentum normally does not hit before the European markets open around 06:00 GMT. Market sentiment runs in waves, 24:00 GMT (Japan), 06:00 GMT (Germany), and 11:00 GMT (Chicago), and outside of those times a forex trader is unlikely to see too much sustainable movement.


Global Forex Order Flow Times, And Regional Percentages:
U.K. and Euro-zone 52.6% (05:00 GMT-15:00GMT)
Asia 21.1%. (22:00 GMT-07:00 GMT)
U.S. 16.6% (11:00 GMT-20:00GMT)
Other 9.7%.
The above is the International Bank for Settlement numbers that analyze the global flow of forex trade. It reveals the reason that we do not expect too much to happen, (and we are usually correct), from 14:00 GMT until at least 23:00 GMT. It also reveals why the European futures market open, from around 05:00 GMT through until the Chicago reversal at 11:00 GMT are the main times to expect sustainable moves.

New Orders
For maximum forward momentum look to place/instigate new orders around the following times:
03:00 GMT (Tokyo return from lunch)
06:00-07:00 GMT (European Open)
09:00-11:00 GMT (U.S. futures reaction to London oil, gold, and Libor fixings)15:00 GMT (European close)

Bonds, equities, futures, commodities, all dominate in the U.S. session and as a result forex values are pulled from pillar to post as major global markets wind down their trading day just as the largest commodity, bond and stock markets get go from 11:00 GMT. That is the reason that we do not expect too much to happen, (and we are usually correct), from 14:00 GMT until at least 23:00 GMT.

18:30 GMT (Nymex oil market close) The 18:30 GMT time-frame is the exception to the rule, most days anything placed at this time will not follow through too far, and will very likely drift aimlessly through until swap interest at 21:00 GMT. If traders are looking to get involved in this period it should be done with reduced lot and only if the S&P market is moving hard. 20:00 GMT through to 24:00 GMT is a an absolute no-man's land of forex movement. Anything new that is loaded outside of these times may not follow through with great momentum. We will not be looking for anything other than Asian session drift trades at that time. Existing open alerts will be managed so that these low liquidity times are not an issue to potential follow through. The trade book will be closed for new orders from 15:00 - 24:00 GMT.
  • #405
  • Edited 3:58pm Jan 18, 2010 11:26am | Edited 3:58pm
Quoting givduL
1. Do you never use fibpivots instead of just regular pivots? I find them much more reliable. And many times if it looks like a regularpivot line is perfekt, there usually is a fibpivot as well. But i never find only regular pivots usefull. What are your thoughts about that?
Thanks
Hi givdul
Yes sure! Fibonacci retracement and expansion.
See p1, #1 "Note", please.

See, e.g. the latest relevant description at,
http://www.forexfactory.com/showthre...212301&page=30
p.30, #437, written by eTrader, please.

One EURUSD daily example I've posted at Jan. 13 under:
http://www.forexfactory.com/showthre...212301&page=27
p. 27, #391
Kindest regards
  • #406
  • Jan 18, 2010 11:32am Jan 18, 2010 11:32am
Quoting givduL
2. It looks like you don't have any particular trading time of the day is that true? I think trading M1 och M5 only works during new york - london overlapp. What are your thoughts about that? Thanks
Hello givduL

I prefere 6:00 GMT - 18.00 GMT.
When market becomes capricious asian session, too.

M1 or M5 trading is achievable at any times if monitor H1, H4 during 6:00 GMT - 18:00 GMT.

Kindest regards
  • #407
  • Jan 18, 2010 11:37am Jan 18, 2010 11:37am
hi forexcube,
Nice to see ur post again. So whats the latest trade result. No trade today? Market was bit dull today. Did u trade any
  • #408
  • Jan 18, 2010 11:45am Jan 18, 2010 11:45am
Quoting givduL
3. I think it would clear many misunderstandings if you would tell us more clearly what makes you choose the time frame you for that moment trade. I think it's like this but I'm not sure: You only scalp M1, M5 if higher time frames are ranging (or at least in a very weak trend?) If there is a trend you would rather trade on a Higher time frame (still i don't now which one). Anyway do you understand my thoughts? Maybe you could clarify that a little bit? Thanks
Hi givduL

I agree with you! Other readers have query the same.

Kindest regards
  • #409
  • Jan 18, 2010 11:52am Jan 18, 2010 11:52am
Quoting givduL
4. I can see you trade a lot of pairs. Do you really recommend this for beginners (i only mean trade, not the fact that you sometimes look at parallell pairs). I only trade eur/usd since I find everything much easier with that pair. Thanks
Of course not!

You make things better when trading only one pair at beginners level. EURUSD is a good one. There are no secrets about Forex trading, only experience and dedication. For beginners it is a must to read the following website:

http://forex-strategies-revealed.com/

Start there only with "Basic strategies", then "simple-" and struggle through "complex - " and "advanced strategies".

Many question, which you have ask here becomes clearer for yourself.

Good Luck!
  • #410
  • Jan 18, 2010 11:54am Jan 18, 2010 11:54am
Good post RisingSun. I have been thinking that the night session which I review around 8AM EST looks exciting but if I am going to ride anything I only have an hour or 2 to find it.
  • #411
  • Jan 18, 2010 11:55am Jan 18, 2010 11:55am
Quoting givduL
5. What indicator you use the most for entry, Gann HiLo, or ema9/20 crossovers ?
Hi givduL
EMA9/20 crossovers comprise less risk. It seems to be favorable for beginner status.

Quoting givduL
Hmm... i had more questions but i can't remember them right now. Well your answers are much appreciated.
Thanks
You're wellcome.

Forexcube
  • #412
  • Edited 5:22pm Jan 18, 2010 12:00pm | Edited 5:22pm
Quoting RisingSun
Hello Forexcube,

If you could tell us the "investors password" or "view only password" that is advised in the internal email (registration) of the MT4 platform when you open a new demo account, we can view all the trades as you enter and exit.

Thank you again Forexcube for your time and efforts. We all appreciate it. RS

Hello RisingSun

IBFX 1'000.- $ Account
Open Day: 2010 January 18
Account Number: 2541488
Investor Password: 0vaujxn

Target 1% a day!

Kindest regards
Attached File(s)
File Type: pdf TraCop - HRM, 1'000.-$, IBFX, 2010 January 18.pdf   79 KB | 234 downloads
  • #413
  • Jan 18, 2010 12:00pm Jan 18, 2010 12:00pm
Oh yes, thanks to Forexcube for your work on this thread. Its a little above my head at present and currently don't have time to catch up, but I do enjoy following along. Thanks to everyone.
  • #414
  • Edited 5:22pm Jan 18, 2010 12:09pm | Edited 5:22pm
Quoting RisingSun
Hello Forexcube,
I would like to see you trade GBPJPY on M5 and present the Detailed Statement for us to learn.
Thank you again Forexcube for your time and efforts. We all appreciate it. RS
Hello RisingSun

One example is present to you with the new IBFX Account as might be desired.

Monitor GBPJPY, H4, 2010 January 18, P1 and Enter Long on M5 P1 (Enter Long). I have set the "Take Profit Level" at Line 1. (It depends which Profit you are intending to make and how long the open position should be further run. So you have take a look at Daily chart, too).

See results at
IBFX 1'000.- $ Account
Open Day: 2010 January 18
Account Number: 2541488
Password: 0vaujxn
please.

Kindest regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPY, H4, 2010 January 18, 2h40 GMT.jpg Size: 211 KB
Click to Enlarge Name: GBPJPY, H4, 2010 January 18.jpg Size: 192 KB
Click to Enlarge Name: GBPJPY, M5, 2010 January 18, 2h35.jpg Size: 209 KB
  • #415
  • Edited 5:23pm Jan 18, 2010 12:21pm | Edited 5:23pm
Quoting RisingSun
Hello Forexcube,

Suggestion when you upload the PDF report: Your trades are line up in the order of Close Time, bottoms up. I suggest you re-align those trades in the order of Tickets (=Open Time), in the normal chronological order, and print in PDF format, so that we can follow your trades on the charts with ease, less stress and confusion.

Currently I convert your PDF report into Word doc and then read with Excel and re-arrange to the order of Ticket or Open time. Hopefully I can avoid this work.

Thank you again Forexcube for your time and...

Hello RisingSun

This you can make now itself in future, since the IBFX Account is open for you.

See
IBFX 1'000.- $ Account
Open Day: 2010 January 18
Account Number: 2541488
Password: 0vaujxn
please.

Kindest regards

Forexcube
  • #416
  • Jan 18, 2010 12:26pm Jan 18, 2010 12:26pm
Quoting RisingSun
Hello Forexcube,

All USA brokers are now regulated to the max 100:1 leverage, as you may know. So it would be nice if you show us trade on ibfx or fxdd with this limitations.

AlpariUK demo is all set to 500:1 no matter what you set when you opened new demo account. Further, one must be aware that demo allows fractional lots such as 0.50 or 0.05 lots but when you go real, this is only available with their "micro" accounts, and this "micro" account only allows a max of 2.0 lots open at a time. They have "classic" account real, but this does...

Hello RisingSun

You've described above "Mini Account" not "Micro Account".

May be it would be an advantage open one more UK Account, when laws would permit this. You need much more money when trading with 1:100, may be more safety for beginners even not so for advanced traders.

Kindest regards

Forexcube
  • #417
  • Jan 18, 2010 12:32pm Jan 18, 2010 12:32pm
Quoting reachjj
hi forexcube,
Nice to see ur post again. So whats the latest trade result. No trade today? Market was bit dull today. Did u trade any

Hi reachjj

Today I didn't trade much, due to the fact that the craftsmen were been in the house. I'll write you an E-Mail this week.

Kindest regards
  • #418
  • Jan 18, 2010 12:34pm Jan 18, 2010 12:34pm
Quoting Bankshot
Oh yes, thanks to Forexcube for your work on this thread. Its a little above my head at present and currently don't have time to catch up, but I do enjoy following along. Thanks to everyone.
Hello Bankshot

Take your time!

Kindest regards

Forexcube
  • #419
  • Jan 18, 2010 12:38pm Jan 18, 2010 12:38pm
Thanks Forexcube.

Please give us the exact "server" description, so that we can log in to this account. They have several servers, and we must be correct on it. I tried a few but could not log in...

Also are you sure this is the "investor" password, so that only you can trade?

Thanks, RS

Quoting Forexcube
Hello RisingSun

IBFX 1'000.- $ Account
Open Day: 2010 January 18
Account Number: 2541488
Password: nqo1kyi

Target 1% a day!

Kindest regards
  • #420
  • Jan 18, 2010 12:41pm Jan 18, 2010 12:41pm
Quoting RisingSun
Thanks Forexcube.

Please give us the exact "server" description, so that we can log in to this account. They have several servers, and we must be correct on it. I tried a few but could not log in...

Also are you sure this is the "investor" password, so that no one other than you can trade?

Thanks, RS
There is only one IBFX Demo Server called "IBFX-MT4 Demo-1_5 decimal".
It works with this one.
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