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As simple as possible: 00 level trading

  • #5,141
  • Jun 24, 2014 10:28am Jun 24, 2014 10:28am
Quoting MKFXTrader
Not according to the rule about red news release but +20 G/U. 1.69900 to 1.69700 3 trades today = +70 pips I don't recommend new traders to take trades so close to news release. Stay green.

guys.. you all forgot to clap..
come on give him the desperate big round of applause that he is seeking.
Passion, Persist, Patience, Protect
  • #5,142
  • Jun 24, 2014 10:31am Jun 24, 2014 10:31am
Quoting FerruFx
{quote} To be more clear about how your orders are opened and closed ... regardless manually or by EA: 1/ BUY order is opened with the ASK price and closed with the BID price 2/ SELL order is opened with the BID price and closed with the ASK price
Does that depend on your trading platform?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,143
  • Jun 24, 2014 10:32am Jun 24, 2014 10:32am
Quoting MKFXTrader
{quote} That was actually quite funny Hannes. I had a good laugh.
At last, someone that appreciates the funny that I made...

H

  • #5,144
  • Jun 24, 2014 10:33am Jun 24, 2014 10:33am
Quoting Udine
{quote} some people miss clearly the basics.. Udine
Udine,
Italy-Uruguay should be a good match today. Italy needs to win to advance, no?
  • #5,145
  • Jun 24, 2014 10:35am Jun 24, 2014 10:35am
Quoting TooSlow
{quote} Does that depend on your trading platform?
Are you kidding ?

That depends on nothing. That's it ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,146
  • Jun 24, 2014 10:36am Jun 24, 2014 10:36am
Quoting Udine
{quote} some people miss clearly the basics.. Udine
Yes agree. Some here are trying to trade a method even before knowing what is trading ...
MT4/MT5 EAs/Indicators/Alerts coder
  • #5,147
  • Jun 24, 2014 10:36am Jun 24, 2014 10:36am
Quoting FerruFx
{quote} Are you kidding ? That depends on nothing. That's it ...
.. you could be funny ferru if you really try..
Passion, Persist, Patience, Protect
  • #5,148
  • Jun 24, 2014 10:36am Jun 24, 2014 10:36am
Quoting MKFXTrader
{quote} Udine, Italy-Uruguay should be a good match today. Italy needs to win to advance, no?
yes, but will be difficult... Luis Suares (=Uruguay) is a strong team

Udine
Sleep less, live fast, as it aint gonna last
  • #5,149
  • Jun 24, 2014 10:39am Jun 24, 2014 10:39am
Quoting Udine
{quote} yes, but will be difficult... Luis Suares (=Uruguay) is a strong team Udine
Should be a good match. Balotelli needs to step it up. The other three matches, not even worth watching.
  • #5,150
  • Jun 24, 2014 10:40am Jun 24, 2014 10:40am
Quoting FerruFx
{quote} Are you kidding ? That depends on nothing. That's it ...
Some brokers allow you to make the market. Other traders buy from you and sell to you.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #5,151
  • Jun 24, 2014 10:51am Jun 24, 2014 10:51am
Quoting MKFXTrader
{quote} If your TP is hit and you're using an EA, it will trigger a close at market price. Also any slippage that could occur due to your broker. If your TP or SL is triggered because you have set a manual hard SL or TP, then it will close at the price you have set. Minus any slippage due to the broker. Does that make sense? If not, maybe someone else that speaks better English can explain it more clearly.

No need to get rude here... thats exactly what I was saying all the while and I was being told that they are the same thing.
  • #5,152
  • Jun 24, 2014 10:51am Jun 24, 2014 10:51am
Quoting MKFXTrader
{quote} Should be a good match. Balotelli needs to step it up. The other three matches, not even worth watching.


Balotelli wont do it.... ..

If it happens for Italy its Immobile

Udine
Sleep less, live fast, as it aint gonna last
  • #5,153
  • Jun 24, 2014 10:53am Jun 24, 2014 10:53am
Tomorrow. I'll watch football.
Donde hay Patron no manda Marinero
  • #5,154
  • Jun 24, 2014 10:55am Jun 24, 2014 10:55am
Same here..

Now its time for soccer !!!

Udine
Sleep less, live fast, as it aint gonna last
  • #5,155
  • Jun 24, 2014 11:02am Jun 24, 2014 11:02am
Quoting FxProPlayer
{quote} No need to get rude here... thats exactly what I was saying all the while and I was being told that they are the same thing.
What?
  • #5,156
  • Jun 24, 2014 11:21am Jun 24, 2014 11:21am
Quoting MKFXTrader
{quote} What?
Yes MK, thats what I said. And heres my earlier post

Quoting FxProPlayer
{quote} So when a long position is closed with wheelbarrel, it is closed at the Bid price. While if we set the TP , it will be closed sooner at the Ask price. correct? Of course in the latter's case we will be revealing our target to the broker. FxPP
Perhaps I did not word it very clearly. But thats what I am trying to confirm, if closing the trade with a limit order (TP) with close it sooner than a market order (EA).

My understanding says when you close a trade with a limit order , your price is the lowest seller (Ask) price which the buyer settles for. While if you close the trade with Market order, you settle for the price of the highest buyer (Bid).

I dont mean to irritate you or anybody else, so if my post is too dumb for you, then please feel free to ignore it.

Regards,
FxPP
  • #5,157
  • Jun 24, 2014 11:26am Jun 24, 2014 11:26am
Quoting FxProPlayer
{quote} My understanding says when you close a trade with a limit order , your price is the lowest seller (Ask) price which the buyer settles for. While if you close the trade with Market order, you settle for the price of the highest buyer (Bid).
When you close your short, it will always be closed at the ask, regardless of market or limit.
Small disciplines repeated with consistency lead to great achievements.
  • #5,158
  • Edited 12:11pm Jun 24, 2014 11:47am | Edited 12:11pm
Quoting FxProPlayer
{quote} Yes MK, thats what I said. And heres my earlier post {quote} Perhaps I did not word it very clearly. But thats what I am trying to confirm, if closing the trade with a limit order (TP) with close it sooner than a market order (EA). My understanding says when you close a trade with a limit order , your price is the lowest seller (Ask) price which the buyer settles for. While if you close the trade with Market order, you settle for the price of the highest buyer (Bid). I dont mean to irritate you or anybody else, so if my post is too dumb...
WTH are you talking about man?I was trying to help you by answering your question as best I could. How was it rude? Is it a full moon today?
  • #5,159
  • Jun 24, 2014 12:19pm Jun 24, 2014 12:19pm
Quoting MKFXTrader
{quote} WTH are you talking about man?I was trying to help you by answering your question as best I could. How was it rude? Is it a full moon today?
Alright sir, Let put this to rest.

Thank you for trying to answer my questions. I do appreciate the effort.

- FxPP
  • #5,160
  • Jun 24, 2014 12:19pm Jun 24, 2014 12:19pm
Ok, so after some 68 trades (last 3 weeks) this looks promising! Account is up but the data I put into the tracking spreadsheet posted here tell me that there is plenty of room for improvement (discipline is only some 75%).
Misstakes like 2nd lv entries, lack of room down/up, trying to make up for losses after the 3rd hour of L.open, fiddling with another trade manager (MPTM) I used to use...

Working on it
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