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  • #3,361
  • Jul 26, 2010 2:38am Jul 26, 2010 2:38am
oh i feel so sick I'm floating at 7 pips
Invest in alarm clocks
  • #3,362
  • Jul 26, 2010 2:41am Jul 26, 2010 2:41am
hey tony, why this, when do you enter !
  • #3,363
  • Jul 26, 2010 2:44am Jul 26, 2010 2:44am
Quoting Tony112
oh i feel so sick I'm floating at 7 pips
Now i guess you just did what you ask others not to do ... am i right ?
  • #3,364
  • Jul 26, 2010 2:47am Jul 26, 2010 2:47am
Quoting hiiqtrading
hey tony, why this, when do you enter !
I think he's talking about his frankfurt position ... I guess he was targeting 1.30000
he should be BE ... IHMO
  • #3,365
  • Jul 26, 2010 2:48am Jul 26, 2010 2:48am
Quoting haventaclue
Yeah i got in at 1.29469 too, can anyone comment if this was a realistic price or if i got a good price because im using a game account??
Followed Tonys thread off and on for a long time, so had a go myself this morning.

Live small test account, 5% risk on 2 pips sl, entry 1.29469.

So I'm still in with around +18.
  • #3,366
  • Jul 26, 2010 2:57am Jul 26, 2010 2:57am
Trade closed at 1.2921 - have to goto work

+26 pips
  • #3,367
  • Jul 26, 2010 3:01am Jul 26, 2010 3:01am
great thread guys! really helpful,

but i still have two questions that hopefully any qualified reader can help answer...

1) do we wait until the CLOSE of the first 5sec candle before identifying the trend and placing an order? or do we place our order based on the first candle's OPENING movement?

2) how can I get a 0SL? most platforms require a minimum of 20 pip SL from the order price.

Thanks.
  • #3,368
  • Jul 26, 2010 3:09am Jul 26, 2010 3:09am
Quoting prelude
great thread guys! really helpful,

but i still have two questions that hopefully any qualified reader can help answer...

1) do we wait until the CLOSE of the first 5sec candle before identifying the trend and placing an order? or do we place our order based on the first candle's OPENING movement?

2) how can I get a 0SL? most platforms require a minimum of 20 pip SL from the order price.

Thanks.
LOL what?!?

1) trade in the intial direction of the first candle if it exceeds 1 pip.

2) if you are trading a platform that doesnt let you have a SL tighter than 20 pips than change immediately. but to answer your question. you start at 2 pip SL (or bigger if you want), and then once your in profit, make your SL 0.
  • #3,369
  • Jul 26, 2010 3:11am Jul 26, 2010 3:11am
4k profit tonight. time for sleep and be back for NY open and New Home Sales USD news.
GL all.
  • #3,370
  • Jul 26, 2010 3:25am Jul 26, 2010 3:25am
Wooooow, floating +40 pips, I love Mondays........
  • #3,371
  • Jul 26, 2010 3:28am Jul 26, 2010 3:28am
Quoting Caillou
Wooooow, floating +40 pips, I love Mondays........
Very nice Caillou!!
What you do is a reflection of you....what I do is a reflection of me.
  • #3,372
  • Jul 26, 2010 4:08am Jul 26, 2010 4:08am
so for the record the SL is 2 pips including the 0.9 spread when using Oanda ?
That would mean the market move of 1.1 will kill the trade ...

Or is it 2.9 SL with the spread ?

thanks
  • #3,373
  • Jul 26, 2010 4:20am Jul 26, 2010 4:20am
SL is 2 pips including the 0.9 spread.
  • #3,374
  • Jul 26, 2010 6:46am Jul 26, 2010 6:46am
A lil bit choppy today, made a few pips on going down with EUR. Waiting for NY.
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  • #3,375
  • Jul 26, 2010 6:51am Jul 26, 2010 6:51am
Stop out at +30 pips (Trailing Stop)....now waiting for NY Open
  • #3,376
  • Jul 26, 2010 7:03am Jul 26, 2010 7:03am
I'm in long from NY... 0SL free trade now
  • #3,377
  • Jul 26, 2010 7:04am Jul 26, 2010 7:04am
same. by the way i have realised that if you modify sl based on price and not pips, less chances of slippage.


Quoting DanUK
I'm in long from NY... 0SL free trade now
  • #3,378
  • Jul 26, 2010 7:04am Jul 26, 2010 7:04am
Quoting DanUK
I'm in long from NY... 0SL free trade now
Out at breakeven.
  • #3,379
  • Jul 26, 2010 7:05am Jul 26, 2010 7:05am
Stop at BE.... a good Monday
  • #3,380
  • Jul 26, 2010 7:06am Jul 26, 2010 7:06am
I went short lost - 3
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