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As simple as possible: 00 level trading

  • #4,261
  • Jun 20, 2014 3:26am Jun 20, 2014 3:26am
Quoting Ff-fx
EJ TP GJ TP But GBP CHF and GBP AUD seem to be on the very bad way. Think I'd better follow the rules and trade only 2 pairs as Udine does...
@Ff-fx

I don't see any profitable EJ trade today (according to the Rules)...
  • #4,262
  • Jun 20, 2014 3:27am Jun 20, 2014 3:27am
Quoting Udine
{quote} if its spot on choose the next level Udine
Schweet, thanks for the confirmation.

Good to know that I am starting to think about this the right way.

H
  • #4,263
  • Jun 20, 2014 3:28am Jun 20, 2014 3:28am
is anyone having problems with their platform freezing?
the template will load properly sometimes but then it will stop loading and i have to go and delete the template to stand any chance
  • #4,264
  • Jun 20, 2014 3:28am Jun 20, 2014 3:28am
Quoting yag
my open on EJ was 138.72...so also short since .70
Too close to DO, I wait for a setup to short 138.600. I'll not trade this pair long at this level. Just my decision, nothing with the rules.
  • #4,265
  • Jun 20, 2014 3:29am Jun 20, 2014 3:29am
Quoting Paracelsus
{quote} @Ff-fx I don't see any profitable EJ trade today (according to the Rules)...
  • #4,266
  • Jun 20, 2014 3:34am Jun 20, 2014 3:34am
GBP AUD TP
GBP CHF TP

Waiting for EUR AUD @ 1.44863
  • #4,267
  • Jun 20, 2014 3:38am Jun 20, 2014 3:38am
Udine, what do you think about EJ ? TP or SL ?
  • #4,268
  • Jun 20, 2014 3:39am Jun 20, 2014 3:39am
Quoting Traffex
Udine, what do you think about EJ ? TP or SL ?

Question answered ! SL
  • #4,269
  • Jun 20, 2014 3:39am Jun 20, 2014 3:39am
EJ -10
  • #4,270
  • Jun 20, 2014 3:39am Jun 20, 2014 3:39am
Quoting Traffex
Udine, what do you think about EJ ? TP or SL ?
If he know that before taking a trade he would be a billionaire already!

Regards!
  • #4,271
  • Jun 20, 2014 3:41am Jun 20, 2014 3:41am
Quoting Traffex
{quote}
1403239428 EUR/JPY#^1035 Filled 100 100 Buy Stop 138.708 138.7 0 09:57:14

Yes I know, you're both right.
I took it a bit too early.
I had refrained myself till I saw Udine taking his decision a bit before 00...
  • #4,272
  • Jun 20, 2014 3:41am Jun 20, 2014 3:41am
Quoting Traffex
{quote} Question answered ! SL

I didn't enter in that trade as my daily open is at 68!

Regards!
  • #4,273
  • Jun 20, 2014 3:41am Jun 20, 2014 3:41am
EJ loss

-5 pips for the day

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #4,274
  • Jun 20, 2014 3:42am Jun 20, 2014 3:42am
TODAY TRADE#03

EJ STOPPED
3 trades 3 losses. 1 more stop trading

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-06-20_ej_03_st.png Size: 36 KB
Healthy, Wealthy & Steady!!
  • #4,275
  • Jun 20, 2014 3:43am Jun 20, 2014 3:43am
As I understand, the "official" results today (so far):

GJ: +5 (BE for me with Pepperstone, as my TP was 5.7 pips to make up for the commission... Did not happen...)
EJ: -10

(without commissions)

It means that considering the previously mentioned necessary 8:2 W:L ratio (to be proftitable), 7 out of the next 8 trades should be winners (not counting BE trades).
  • #4,276
  • Jun 20, 2014 3:43am Jun 20, 2014 3:43am
EUR AUD BE SL
  • #4,277
  • Jun 20, 2014 3:46am Jun 20, 2014 3:46am
Quoting SunnyFx2002
TODAY TRADE#03 EJ STOPPED 3 trades 3 losses. 1 more stop trading {image}
You need about 8 straight winners just to break even... (considering comissions).
  • #4,278
  • Jun 20, 2014 3:46am Jun 20, 2014 3:46am
Quoting Paracelsus
{quote} @Ff-fx I don't see any profitable EJ trade today (according to the Rules)...
Its possible someone pulled a profitable trade off EJ (check out the high M15 candle of the trading day).

I missed it by a whisker and hence TS out of the position....

EDIT: this was before Frankfurt open ............

Masterrmind............
Master your Mind then Master your Trades
  • #4,279
  • Jun 20, 2014 3:46am Jun 20, 2014 3:46am
Quoting SunnyFx2002
TODAY TRADE#03 EJ STOPPED 3 trades 3 losses. 1 more stop trading {image}

First two losers were BEFORE FRANKFURT OPEN !! not according to the rules

Udine
Sleep less, live fast, as it aint gonna last
  • #4,280
  • Jun 20, 2014 3:48am Jun 20, 2014 3:48am
Pending trade on GU activated at 1.70600. Price not hit so spread must have increased.
I guess this would happen even with fixed spreads, how do you get round this (as it means the rules can't be adhered to)?
Dreaming is hard work...
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