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As simple as possible: 00 level trading

  • #3,141
  • Jun 17, 2014 8:40am Jun 17, 2014 8:40am
Quoting pgtips
{quote} but GY and EY are cross pairs i.e multiply the price of USDJPY x EURUSD = EURJPY and same for USDJPY x GBPUSD = GBPJPY so I would say better out of all GBP/EUR/USD/JPY red news
its up to you my friend...

Udine
Sleep less, live fast, as it aint gonna last
  • #3,142
  • Jun 17, 2014 8:40am Jun 17, 2014 8:40am
Quoting Udine
{quote} indirectly every news affects the other currencies, but I only focus on the RED NEWS of the pairs I trade EJ: EUR & YEN red news GJ: GBP & YEN red news the only exceptions NFP and interest rates.. Udine
Doesn't ur broker enlarge spreads during news?

I think i saw a 20 pip spread on ej on the usd news an hour ago, on my broker oanda

and that's not even the tip of the iceberg
  • #3,143
  • Jun 17, 2014 8:42am Jun 17, 2014 8:42am
Quoting mm2mm
{quote} Doesn't ur broker enlarge spreads during news? I think i saw a 20 pip spread on ej on the usd news an hour ago, on my broker oanda
a little change but its not affecting my results..

Udine
Sleep less, live fast, as it aint gonna last
  • #3,144
  • Jun 17, 2014 8:43am Jun 17, 2014 8:43am
Udine, how many stop losses you had in a row...and do you trade until you are +10 pips?

If you are stopping trading after 4 losses, how many times did you have this happen?
  • #3,145
  • Jun 17, 2014 8:43am Jun 17, 2014 8:43am
Pending long EJ @ 138.4
Those who know don't talk. Those who talk don't know.
  • #3,146
  • Jun 17, 2014 8:45am Jun 17, 2014 8:45am
Quoting driven18
Udine, how many stop losses you had in a row...and do you trade until you are +10 pips? If you are stopping trading after 4 losses, how many times did you have this happen?

so far never

Udine
Sleep less, live fast, as it aint gonna last
  • #3,147
  • Jun 17, 2014 8:48am Jun 17, 2014 8:48am
Udine, i wonder if buy/sell limit order is also used?
  • #3,148
  • Jun 17, 2014 8:48am Jun 17, 2014 8:48am
Quoting mm2mm
{quote} Doesn't ur broker enlarge spreads during news? I think i saw a 20 pip spread on ej on the usd news an hour ago, on my broker oanda and that's not even the tip of the iceberg
If that's true then start looking elsewhere as that is ridiculous.

The spread increases that's true but I've not seen those type of spreads.....crazy.......

Go and do your research asap.......

Masterrmind..........
Master your Mind then Master your Trades
  • #3,149
  • Jun 17, 2014 8:48am Jun 17, 2014 8:48am
Quoting hugecat
Pending long EJ @ 138.4
and also pending long GJ @ 173.3
  • #3,150
  • Jun 17, 2014 8:48am Jun 17, 2014 8:48am
Quoting Udine
{quote} so far never Udine
Udine take a look at this EURJPY can not break 138.40...do you try and try again?

Or there is a rule about it?
Attached Image (click to enlarge)
Click to Enlarge Name: oanda - metatrader.png Size: 91 KB
  • #3,151
  • Jun 17, 2014 8:51am Jun 17, 2014 8:51am
Quoting mario777
Udine, i wonder if buy/sell limit order is also used?

i dont

Udine
Sleep less, live fast, as it aint gonna last
  • #3,152
  • Jun 17, 2014 8:52am Jun 17, 2014 8:52am
Quoting Udine
{quote} http://www.forexfactory.com/showthre...06#post7532606 post 2125 cheers Udine
Udine, you are the boss, thanks.

However, now that I have the indicator, it does not even want to attach to the chart...I see it there in the navigator window (with a little grey "ball" in the icon) but that is as far as it goes.

Is there something else that I should do to attach the indicator?

Sorry I am not trying to turn this into an MT4 how to...

H
  • #3,153
  • Jun 17, 2014 8:52am Jun 17, 2014 8:52am
Quoting Masterrmind
{quote} If that's true then start looking elsewhere as that is ridiculous. The spread increases that's true but I've not seen those type of spreads.....crazy....... Go and do your research asap....... Masterrmind..........

agreed

Udine
Sleep less, live fast, as it aint gonna last
  • #3,154
  • Jun 17, 2014 8:53am Jun 17, 2014 8:53am
Quoting driven18
{quote} Udine take a look at this EURJPY can not break 138.40...do you try and try again? Or there is a rule about it? {image}
If i would not have reached my dily target yet, yes I would set a pending order

Udine
Sleep less, live fast, as it aint gonna last
  • #3,155
  • Jun 17, 2014 8:55am Jun 17, 2014 8:55am
Quoting Masterrmind
{quote} If that's true then start looking elsewhere as that is ridiculous. The spread increases that's true but I've not seen those type of spreads.....crazy....... Go and do your research asap....... Masterrmind..........
I know...Oanda is famous for that. If ur in a trade during a news release, for whatever reason, u have to remove the sl or move it out of the way so it does not get hit. They get much much higher than 20. 20 is small.
GBP and NZD pairs have spreads larger than the height of my chart, causing it to stretch...(jk exaggerated on purpose)

I am doing research. I'm looking for a reliable broker that accepts us clients with small spreads and com.

I'm not a fan of com thoguh..
  • #3,156
  • Jun 17, 2014 8:55am Jun 17, 2014 8:55am
Quoting hugecat
Pending long EJ @ 138.4
Bloody resistance. I'm in, let's see.
Those who know don't talk. Those who talk don't know.
  • #3,157
  • Jun 17, 2014 8:56am Jun 17, 2014 8:56am
Fantastic trading day........

That's me well and truly done for the day..........

Good luck with the rest of your trading ........

Its sleep time for me..........

Masterrmind..........
Master your Mind then Master your Trades
  • #3,158
  • Jun 17, 2014 8:57am Jun 17, 2014 8:57am
Quoting Masterrmind
Fantastic trading day........ That's me well and truly done for the day.......... Good luck with the rest of your trading ........ Its sleep time for me.......... Masterrmind..........

sweet dreams
Sleep less, live fast, as it aint gonna last
  • #3,159
  • Jun 17, 2014 8:58am Jun 17, 2014 8:58am
Quoting mm2mm
{quote} I know...Oanda is famous for that. If ur in a trade during a news release, for whatever reason, u have to remove the sl or move it out of the way so it does not get hit. They get much much higher than 20. 20 is small. GBP and NZD pairs have spreads larger than the height of my chart, causing it to stretch...(jk exaggerated on purpose) I am doing research. I'm looking for a reliable broker that accepts us clients with small spreads and com. I'm not a fan of com thoguh..

I am better off with low spread and commission, than only spread

Udine
Sleep less, live fast, as it aint gonna last
  • #3,160
  • Jun 17, 2014 8:59am Jun 17, 2014 8:59am
Quoting Udine
{quote} sweet dreams
Thanks Udine and likewise to you when you finally get to have a sleep.



Masterrmind.......
Master your Mind then Master your Trades
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