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Trading Price Levels

  • #41
  • Mar 18, 2013 11:41pm Mar 18, 2013 11:41pm
nothing is for sure in fx, this pending order to simplify things,otherwise you can trade every level
Money is made by sitting, not trading. Jesse L. Livermore
  • #42
  • Mar 19, 2013 1:42am Mar 19, 2013 1:42am
Abouth Moneymanagement. What do you risk per trade 1 percent and how mutch does you gain in percent every mounth in general a nomal mounth ?

I have no problems understanding you english, if you are unsure there are google translator or something out there. Thanks


Best regards
  • #43
  • Mar 19, 2013 2:25am Mar 19, 2013 2:25am
pending sell active,lets see how it goes,because of this huge gap on weekend an all pairs i trade im not sure ...only trade a buy on UJ wasnt triggered,so a little trade like this is only option i have for the moment,since i cannot check charts every 4 hour...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 22 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #44
  • Mar 19, 2013 2:33am Mar 19, 2013 2:33am
Quoting jgadefelth
Abouth Moneymanagement. What do you risk per trade 1 percent and how mutch does you gain in percent every mounth in general a nomal mounth ?

I have no problems understanding you english, if you are unsure there are google translator or something out there. Thanks


Best regards
in this relativ short amount of time (2 years) i had some good results,so winning month little over 10%,losing month -2%,but most of time i had be or higher,i risk very little for each trade,<1%,so my gain or loss is not huge,also i have a lot of missed opportunity,but market behaviour changes everytime,you can achieve very good results if you have so called 'winning strike',but it isnt a reason to make higher risks,good results last year i had on EU
Money is made by sitting, not trading. Jesse L. Livermore
  • #45
  • Mar 19, 2013 5:28am Mar 19, 2013 5:28am
pa stuck between 2963 and 2923...set sl@be+1
Money is made by sitting, not trading. Jesse L. Livermore
  • #46
  • Mar 19, 2013 5:30am Mar 19, 2013 5:30am
...chart...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 24 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #47
  • Mar 19, 2013 2:58pm Mar 19, 2013 2:58pm
what are the settings for the following pairs:

GBP/CHF
GBP/AUD
GBP/CAD
EUR/AUD
EUR/CAD
EUR/NZD
CAD/CHF
CAD/JPY
AUD/CHF
AUD/JPY
CHF/JPY

?
Trade or not to trade - that is the question...
  • #48
  • Mar 19, 2013 8:29pm Mar 19, 2013 8:29pm
Quoting freakout
what are the settings for the following pairs:

GBP/CHF
GBP/AUD
GBP/CAD
EUR/AUD
EUR/CAD
EUR/NZD
CAD/CHF
CAD/JPY
AUD/CHF
AUD/JPY
CHF/JPY

?
hi,sorry i dont trade these pairs
Money is made by sitting, not trading. Jesse L. Livermore
  • #49
  • Mar 19, 2013 8:35pm Mar 19, 2013 8:35pm
Quoting sam69
pa stuck between 2963 and 2923...set sl@be+1
price hit just my sl@be and went to my target
Money is made by sitting, not trading. Jesse L. Livermore
  • #50
  • Mar 19, 2013 9:30pm Mar 19, 2013 9:30pm
Hello Sam,

An interesting approach to levels, your idea's have made me sit up and have another think about levels, thank you.

How you select your start price is of interest to me, but as this question has been asked in earlier posts I wont pursue it here.

What I will offer is my idea about how to select the "start price" for the levels, and I would appreciate other input about this. I look at a longer TF, monthly is where I tried this, select a swing point high or low as appropriate, close to the current PA. Then I set the indicator "start price" to that level and select A and B, ie, levels above and below. See attached pics.

Opinions ??
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPY MN.jpg Size: 83 KB
Click to Enlarge Name: USDJPY H4.jpg Size: 170 KB
Good Trading to All ---- fairwind
  • #51
  • Mar 19, 2013 10:25pm Mar 19, 2013 10:25pm
Quoting fairwind
Hello Sam,

An interesting approach to levels, your idea's have made me sit up and have another think about levels, thank you.

How you select your start price is of interest to me, but as this question has been asked in earlier posts I wont pursue it here.

What I will offer is my idea about how to select the "start price" for the levels, and I would appreciate other input about this. I look at a longer TF, monthly is where I tried this, select a swing point high or low as appropriate, close to the current PA. Then I set the indicator...
hi fairwind
thank you for the contribution,im not sure i have understand you correctly,although i used translater,so i used your chart and draw the general idea what i did,there i have used only 'rough' picture from your post,therefore the distances are not correct,you should schroll your chart to left to see what these levels did in the past and for certain amount of time also forward test it,so what i have done here is the general idea how i 'find' the levels,but once you have it,its not important where you begin/start the first one,because they repeats in equal distance,basicaly looks your picture as follows
1.buy trade=win
2.sell trade=win
3.buy trade=win
4.sell trade=win
5.buy trade=loss
6.buy trade=win
7.sell trade=win
8.buy trade=loss
9.buy trade=win
10.sell trade=win
11.sell trade=win
12.buy trade=win
13.sell trade=win
14.buy trade=win
15.buy trade=win
16.sell trade with tp back to 15.trade level
i hope you undersand what i mean,thanks!
Attached Image
Money is made by sitting, not trading. Jesse L. Livermore
  • #52
  • Mar 19, 2013 10:33pm Mar 19, 2013 10:33pm
@Ferrufx

OMG,i just saw it,big thanks for your vouch,its my first one
Money is made by sitting, not trading. Jesse L. Livermore
  • #53
  • Mar 20, 2013 1:15am Mar 20, 2013 1:15am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting sam69
@Ferrufx

OMG,i just saw it,big thanks for your vouch,its my first one
Quite sure that it won't be the last one
MT4/MT5 EAs/Indicators/Alerts coder
  • #54
  • Mar 20, 2013 6:28am Mar 20, 2013 6:28am
Interesting thread made. Looking for more updates.
  • #55
  • Mar 20, 2013 6:48am Mar 20, 2013 6:48am
placed pending orders
eu [email protected],[email protected],[email protected]
gu [email protected],[email protected],[email protected]
should have done it on monday but this week is a crazy one,i guess its because of all this fundamental news about cyprus,i dont know
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.png Size: 23 KB
Click to Enlarge Name: gu.png Size: 20 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #56
  • Mar 20, 2013 6:49am Mar 20, 2013 6:49am
Quoting FerruFx
Quite sure that it won't be the last one
thank you once agian
Money is made by sitting, not trading. Jesse L. Livermore
  • #57
  • Mar 20, 2013 6:51am Mar 20, 2013 6:51am
Quoting WilliamDa
Interesting thread made. Looking for more updates.
looking for more interesting ideas
Money is made by sitting, not trading. Jesse L. Livermore
  • #58
  • Mar 20, 2013 6:56am Mar 20, 2013 6:56am
same with gj,should be a buy @143.18 with [email protected] but its too late now,its in the middle of nowhere
Attached Image (click to enlarge)
Click to Enlarge Name: gj.png Size: 19 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #59
  • Mar 20, 2013 6:59am Mar 20, 2013 6:59am
uj i had a pending buy @94.36 but wasnt triggered,its also too late,now cancelled it
Attached Image (click to enlarge)
Click to Enlarge Name: uj.png Size: 18 KB
Money is made by sitting, not trading. Jesse L. Livermore
  • #60
  • Mar 20, 2013 11:12am Mar 20, 2013 11:12am
Eur/jpy - sell @123.71, sl @124.51, tp @122.91
gbp/usd - sell @1.5133, sl @1.5203, tp @1.5063

Trade or not to trade - that is the question...
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