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As simple as possible: 00 level trading

  • #2,701
  • Jun 16, 2014 6:09am Jun 16, 2014 6:09am
I took a while, but my GJ short 172.900 reached TP +5, GBPUSD short 169.700 reached TP +5.

Total score of the day, including my EURUSD Frankfurt Open loss and some trailing stops,
+3 pips.

Still 7 pips short...
  • #2,702
  • Jun 16, 2014 6:09am Jun 16, 2014 6:09am
Hi folks like what I see, although you need an account with very low spreads.

Had a BE and a winner just playing - plus loss but had missed a rule

..apologies if answer in thread elsewhere, I couldn't see it - but are folks adding the spread to buystops?

Thanks
  • #2,703
  • Jun 16, 2014 6:14am Jun 16, 2014 6:14am
Quoting Juan007
pending ej 137.900 sell stop gj 172.700 sell stop en accord ? confirm ? in agreement
There is green H1 bars on EJ and GJ.
  • #2,704
  • Jun 16, 2014 6:14am Jun 16, 2014 6:14am
Quoting Juan007
pending ej 137.900 sell stop gj 172.700 sell stop en accord ? confirm ? in agreement
@Juan007

EJ I would agree, I had the same pending, but cancelled figuring NY open would be more interesting...
GJ I donīt know, looking at my screen right now itīs at 172.8xx already.
  • #2,705
  • Jun 16, 2014 6:15am Jun 16, 2014 6:15am
gj

172.800 its neutral trade to buy or sell

what do you think Udine
  • #2,706
  • Jun 16, 2014 6:29am Jun 16, 2014 6:29am
Quoting Jordancee91
Udine do you trade at this hour ? 1 hour before NY open. Thanks

when i dont need to.. nope

Udine
Sleep less, live fast, as it aint gonna last
  • #2,707
  • Jun 16, 2014 6:30am Jun 16, 2014 6:30am
Quoting ckikadikoi
another +5 on GJ {image}

again against the rules
Sleep less, live fast, as it aint gonna last
  • #2,708
  • Jun 16, 2014 6:31am Jun 16, 2014 6:31am
ej short @900
  • #2,709
  • Jun 16, 2014 6:31am Jun 16, 2014 6:31am
Quoting goldcourse
Udine & SunnyFX2002, SunnyFX2002......I would like to refer to your concern about covering the commission factor in the trades. Udine...................I also would like to seek your opinion whether what I'm doing to my trades carry any merits or worse still,against the rules.... My observation was that price most of the time will move about 2-3 pips in the other direction of my trades. What I'm doing is to enter only half of the total lot size on my 1st order. The remaining half of the lot size I will place a stop order of 3 pips above/below and...

as long as it works for you.

I am a simple guy, so try to keep it as simple as possible

Udine
Sleep less, live fast, as it aint gonna last
  • #2,710
  • Jun 16, 2014 6:32am Jun 16, 2014 6:32am
Quoting Udine
{quote} as long as it works for you. I am a simple guy, so try to keep it as simple as possible Udine
Yes a lucky one ...

I really must take care of my mind !!
  • #2,711
  • Jun 16, 2014 6:33am Jun 16, 2014 6:33am
Lunchtime here gents.

And by the time the Spanish get back from lunch, weīll have missed NY open and London will be closed.

  • #2,712
  • Jun 16, 2014 6:33am Jun 16, 2014 6:33am
Quoting squidge42
Hi folks like what I see, although you need an account with very low spreads. Had a BE and a winner just playing - plus loss but had missed a rule ..apologies if answer in thread elsewhere, I couldn't see it - but are folks adding the spread to buystops? Thanks
You do not need to add anything. You pay the spread, how high ever it is and go out with exactly 5 pips, if your TP is 5 pips. With higher spread, the price need to travel the asking price + spread + TP and you are done.

With higher spread, you need more movement in price - thats it.

With paying commissions, its different. You go out with 5 pips and pay commission, so you take a lower profit. Probably still the better results cause more trades end up in profit (+5) and not at TS (+1 or something)

In other words, get your trading education before you trade in a live account!
  • #2,713
  • Jun 16, 2014 6:35am Jun 16, 2014 6:35am
Quoting Juan007
gj 172.800 its neutral trade to buy or sell what do you think Udine

my 1H close was 172.799...

IT IS NOT NEUTRAL TO BUY OR SELL !!

D1 = red so only shorts !!

my pending would be set at 172.700

Udine
Sleep less, live fast, as it aint gonna last
  • #2,714
  • Jun 16, 2014 6:40am Jun 16, 2014 6:40am
ok I have updated the Rules indicator

Attached Image


Also in page 1 post 1
Attached File(s)
File Type: ex4 UFX_FIFO RULES complete.ex4   26 KB | 557 downloads
Sleep less, live fast, as it aint gonna last
  • #2,715
  • Jun 16, 2014 6:47am Jun 16, 2014 6:47am
ej +5
  • #2,716
  • Jun 16, 2014 6:49am Jun 16, 2014 6:49am
Quoting Juan007
ej +5
Sleep less, live fast, as it aint gonna last
  • #2,717
  • Jun 16, 2014 6:49am Jun 16, 2014 6:49am
TODAY TRADE #5

EJ TARGET HIT

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-16_EJ_05_TH.png Size: 44 KB


That's my 2 for today. Much better start than last week.
Green pips to all who go in during NY.

Will just be watching and reading from here on in.
Healthy, Wealthy & Steady!!
  • #2,718
  • Jun 16, 2014 6:50am Jun 16, 2014 6:50am
Quoting Udine
ok I have updated the Rules indicator {image} Also in page 1 post 1 {file}
Tks Udine, Could you please tell me which broker do you use?Pls PM me. Thank you so much!
  • #2,719
  • Jun 16, 2014 6:52am Jun 16, 2014 6:52am
Quoting SunnyFx2002
TODAY TRADE #5 EJ TARGET HIT {image} That's my 2 for today. Much better start than last week. Green pips to all who go in during NY. Will just be watching and reading from here on in.

On the right track !!

Udine
Sleep less, live fast, as it aint gonna last
  • #2,720
  • Jun 16, 2014 6:55am Jun 16, 2014 6:55am
Quoting squidge42
Hi folks like what I see, although you need an account with very low spreads. Had a BE and a winner just playing - plus loss but had missed a rule ..apologies if answer in thread elsewhere, I couldn't see it - but are folks adding the spread to buystops? Thanks
How big is ur spread on ej or gj?
my spread aren't small either and i find it still profitable.
The only issue with big spreads is that u get triggered earlier on pending orders. Sometimes this is bad as it may just touch ur pending order and then go against. Whereas a tight spread wouldn't get hit.
Exits are much much easier

My spread of ej is 1.5 to 2.0
But my gj is 2> but it moves more so..



---------
My ej tp was hit
Attached Image (click to enlarge)
Click to Enlarge Name: 16.2ndt.JPG Size: 144 KB
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