Whats That? you're trading What?
As simple as possible: 00 level trading
i've been following this thread on and off, but there's so much being said that i dont have the time to read every post so if i this is asked/noted already please refer me to the post 
when i looked at the RN and the .100 and .900 rule i noticed that there seems to quite often be a big move if you reverse that rule, so buying at .100 and selling at .900, now it could just be me imagining things or my head logically reasoning that this should be true because you trade away from support/resistance, but if this would be true im sure we could take advantage of is, either by taking a doubling the position size for those trades or changing the tp to ten and trailing s to 5 or something like that.
i dont mean to overcomplicate things but if there really is a significance it might be worth the small extra effort there is to make...
i hope i made my point clear if i didnt please tell me
here are 2 charts, i tried to mark all the times that you could buy at .100 and sell at .900, most should be according to the other rules (haven't checked for adr though...)
first entry was probably invalid because the adr was probably reached so that's what the cross means
same stuff, except the last cirkel marks 2 entry's that's what the 2x means.
as you can see nearly every entry makes 10 pips and the ones that dont should BE if you set your entry at BE after 5 pips
let me know if you think this would be usefull to put in the rules or if you think the probabities are the same (or if it's to much work...)
cheers,
nevie2
when i looked at the RN and the .100 and .900 rule i noticed that there seems to quite often be a big move if you reverse that rule, so buying at .100 and selling at .900, now it could just be me imagining things or my head logically reasoning that this should be true because you trade away from support/resistance, but if this would be true im sure we could take advantage of is, either by taking a doubling the position size for those trades or changing the tp to ten and trailing s to 5 or something like that.
i dont mean to overcomplicate things but if there really is a significance it might be worth the small extra effort there is to make...
i hope i made my point clear if i didnt please tell me
here are 2 charts, i tried to mark all the times that you could buy at .100 and sell at .900, most should be according to the other rules (haven't checked for adr though...)
first entry was probably invalid because the adr was probably reached so that's what the cross means
same stuff, except the last cirkel marks 2 entry's that's what the 2x means.
as you can see nearly every entry makes 10 pips and the ones that dont should BE if you set your entry at BE after 5 pips
let me know if you think this would be usefull to put in the rules or if you think the probabities are the same (or if it's to much work...)
cheers,
nevie2
- #3,465
- Jun 18, 2014 3:50am Jun 18, 2014 3:50am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
silver going well MMind
Silver is a dangerous item... sometimes it stays tight within channels for days and then "POW" off it rockets!
Still early days with this trade but I will keep you updated...
Thanks for asking........
Masterrmind........
Master your Mind then Master your Trades
i've been following this thread on and off, but there's so much being said that i dont have the time to read every post so if i this is asked/noted already please refer me to the post
H
- #3,467
- Jun 18, 2014 3:52am Jun 18, 2014 3:52am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
i've been following this thread on and off, but there's so much being said that i dont have the time to read every post so if i this is asked/noted already please refer me to the post
could be valid analysis, but complicating matters, I simply need 10 pips for 2 % and I trade as simple as possible to reach my goal...
but please trade as you see fit, I wont change my rules
Cheers and stay green
Udine
Sleep less, live fast, as it aint gonna last
i've been following this thread on and off, but there's so much being said that i dont have the time to read every post so if i this is asked/noted already please refer me to the post
- #3,470
- Jun 18, 2014 3:56am Jun 18, 2014 3:56am
- Joined May 2013 | Status: Trader | 1,997 Posts
i've been following this thread on and off, but there's so much being said that i dont have the time to read every post so if i this is asked/noted already please refer me to the post
Staying intact to the simplicity of whats offered is to everyone's best IMHO.
Passion, Persist, Patience, Protect
- #3,471
- Jun 18, 2014 3:57am Jun 18, 2014 3:57am
{quote} Which broker are you referring to in this post. Thx
Smells like crap.
Those who know don't talk. Those who talk don't know.
- #3,475
- Jun 18, 2014 4:04am Jun 18, 2014 4:04am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Ive got 3 xagusd running .01 ..minus atm
I have only just started forward testing it live using "small" positions with all due respect.
But may up the ante once the confidence is there using Udine's system of course.
As far as other currency pairs are fairing (and it is early days) I have been hitting it out of the park.
Lets see how we fair in our silver trades but the plan is to test it over a couple of months not a few short weeks.
Masterrmind...........
Master your Mind then Master your Trades
- #3,476
- Jun 18, 2014 4:05am Jun 18, 2014 4:05am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
Sleep less, live fast, as it aint gonna last
- #3,478
- Jun 18, 2014 4:08am Jun 18, 2014 4:08am
- Joined Jul 2008 | Status: Trader | 5,763 Posts
{quote} no i'm using every rule udine gave us, just saw a possible higher probability for some trades then others, anyway do with it what you like, i'll keep demoing this method as i've done for a while now and just see how a 10/10 sl/tp for trades away from the RN work, along with the normal 1:2 for 'normal trades' thanks for all the work udine!
as long as your profitable..
Udine
Sleep less, live fast, as it aint gonna last
- #3,480
- Jun 18, 2014 4:09am Jun 18, 2014 4:09am
- | Additional Username | Joined Apr 2014 | 1,054 Posts
{quote} I hope I don't get banned but it's F*Open - AU division. Happened to me one more time today and had to close trade manually GJ short, luckily it went down and I was in profit, but it was tricky again - I was in profit of 9 pips and it didn't want to trigger my TP of 5 pips, so I closed manually and it gave me only 5 pips as profit
Itīs obiously a bummer when your TPīs hit and the broker doesnīt close the transaction.
Having said that, what if it were just a millisec spike ? Has this happened more often ?
Did you use the EA (that had difficulties in following this spike), cannot see the smiley in your chart ?