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As simple as possible: 00 level trading

  • #2,981
  • Jun 17, 2014 3:01am Jun 17, 2014 3:01am
Quoting PureHeart
{quote} probably due to the ea!.. my was @138.229
I said that version was only for testing. It was not working right before. Use 1_2e until new one is posted.
  • #2,982
  • Jun 17, 2014 3:02am Jun 17, 2014 3:02am
Quoting Zokynho
{quote} Hey Udine, Have a question regarding news.You said that you would leave trade if active in hour of news,but lets say we are in 2 pairs like few minutes ago and 1 trade is around BE second is in lose,would you close that at BE to minimaze risk and leave other or you would leave both? The same question is if we are in profit 1 2 pips on pair? And when would you close it at the start of new hour or few minures before news? Thanks in advance, Regards!

I would leave the trades open, the worst that can happen is the end up both in a loss, but I will recuperate the loss for sure..

Udine
Sleep less, live fast, as it aint gonna last
  • #2,983
  • Jun 17, 2014 3:02am Jun 17, 2014 3:02am
Quoting pquin
+7 pips. Now, I guess, we break for the news.

yes

Udine
Sleep less, live fast, as it aint gonna last
  • #2,984
  • Jun 17, 2014 3:03am Jun 17, 2014 3:03am
green bar hig volatil
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym15 zzz1.png Size: 57 KB
  • #2,985
  • Jun 17, 2014 3:04am Jun 17, 2014 3:04am
Quoting Udine
{quote} the trade on the GJ opened about 90 minutes before the news, thats why Udine
  • #2,986
  • Jun 17, 2014 3:06am Jun 17, 2014 3:06am
@Udine,

I am writing away here in my trade log and I have 2 questions;

1. I have very competitive spreads and pay commissions per transaction.
Does a 11.8% (of net profit) commission seem reasonable to you ?

2. Although on a live account, I am still trading small lots.
My GJ pending long order @ 173.100 was actually filled at 173.108.
I know this is very much broker dependent and I will spend time doing more homework on this.
In the mean time, when trading bigger lots like yourself, does this occur frequently ?

Thanks in advance for the info.
  • #2,987
  • Jun 17, 2014 3:06am Jun 17, 2014 3:06am
Quoting Udine
{quote} I would leave the trades open, the worst that can happen is the end up both in a loss, but I will recuperate the loss for sure.. Udine

Ok thank you,maybe you can write this in summary as a new rule!

Regards!
  • #2,988
  • Jun 17, 2014 3:08am Jun 17, 2014 3:08am
Quoting flx69
@Udine, I am writing away here in my trade log and I have 2 questions; 1. I have very competitive spreads and pay commissions per transaction. Does a 11.8% (of net profit) commission seem reasonable to you ? 2. Although on a live account, I am still trading small lots. My GJ pending long order @ 173.100 was actually filled at 173.108. I know this is very much broker dependent and I will spend time doing more homework on this. In the mean time, when trading bigger lots like yourself, does this occur frequently ? Thanks in advance for the info.
1. yes
2.nope

Udine
Sleep less, live fast, as it aint gonna last
  • #2,989
  • Jun 17, 2014 3:08am Jun 17, 2014 3:08am
Quoting wurst
you end your day after a profit of 5pips? If your goal for the day is 2% you risk 4% for eacht trade? isnt that a little too much?

EA + 5, EJ +5, GJ +5, for me 3 %
  • #2,990
  • Jun 17, 2014 3:10am Jun 17, 2014 3:10am
Quoting Traffex
{quote} EA + 5, EJ +5, GJ +5, for me 3 %
Sleep less, live fast, as it aint gonna last
  • #2,991
  • Jun 17, 2014 3:18am Jun 17, 2014 3:18am
Quoting Traffex
{quote} EA + 5, EJ +5, GJ +5, for me 3 %
Bonus, bonus, bonus !!!

  • #2,992
  • Jun 17, 2014 3:19am Jun 17, 2014 3:19am
Quoting Udine
{quote}
For me the most difficult lesson: Stop trading when daily target or a bit more is reached.

If I would continue trading, I must only have one loss and struggling begins to reach daily target again.
  • #2,993
  • Jun 17, 2014 3:22am Jun 17, 2014 3:22am
Quoting Traffex
{quote} For me the most difficult lesson: Stop trading when daily target or a bit more is reached. If I would continue trading, I must only have one loss and struggling begins to reach daily target again.

so relax watch the charts, or go and enjoy the day

there is more in life than trading lol

Udine
Sleep less, live fast, as it aint gonna last
  • #2,994
  • Jun 17, 2014 3:27am Jun 17, 2014 3:27am
Good morning all.
My 2 trades this morning

Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 67 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 67 KB
  • #2,995
  • Jun 17, 2014 3:38am Jun 17, 2014 3:38am
After GPB news must we wait the next hour for trade ???
  • #2,996
  • Jun 17, 2014 3:40am Jun 17, 2014 3:40am
Quoting ckikadikoi
After GPB news must we wait the next hour for trade ???

check the rules
Attached Image
Sleep less, live fast, as it aint gonna last
  • #2,997
  • Jun 17, 2014 3:41am Jun 17, 2014 3:41am
I changed my broker 2 weeks ago, so I have now spreads similar to Udines. But I have no idea, if the commision of 7$/lot is a good or a bad one.
This is not so important now, but when I sometime will go live, it would be important. Any comments ?
  • #2,998
  • Jun 17, 2014 3:42am Jun 17, 2014 3:42am
Quoting Traffex
I changed my broker 2 weeks ago, so I have now spreads similar to Udines. But I have no idea, if the commision of 7$/lot is a good or a bad one. This is not so important now, but when I sometime will go live, it would be important. Any comments ?

good enough

Udine
Sleep less, live fast, as it aint gonna last
  • #2,999
  • Jun 17, 2014 3:42am Jun 17, 2014 3:42am
Ok so wait for EU news and so on ... and USD red too ...
  • #3,000
  • Jun 17, 2014 3:46am Jun 17, 2014 3:46am
Quoting ckikadikoi
Ok so wait for EU news and so on ... and USD red too ...

playing the patience game

Udine
Sleep less, live fast, as it aint gonna last
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