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As simple as possible: 00 level trading

  • #5,501
  • Jun 25, 2014 7:10am Jun 25, 2014 7:10am
Quoting Goodgame42
{quote} spreads, commissions and for 1 loss you must win 3 trades to have a little profit, I prefer a 1:1 ratio. I loose 2 GJ shorts in a row and avoid almost 6 wins... I'm a scalper so I will continue my Pivots Points scalping
good luck in your endeavours

Udine
Sleep less, live fast, as it aint gonna last
  • #5,502
  • Jun 25, 2014 7:12am Jun 25, 2014 7:12am
Quoting Udine
{quote} good luck in your endeavours Udine
Thanks friend.
I continue to keep an eye on you
Trade Safe !
  • #5,503
  • Jun 25, 2014 7:17am Jun 25, 2014 7:17am
i m comming

ej sell 173.700
buy 173.800

another time
  • #5,504
  • Jun 25, 2014 7:20am Jun 25, 2014 7:20am
Quoting Goodgame42
{quote} Forever friend ;-)
Good luck Goodgame,

Wish you many green pips!

Regards!
  • #5,505
  • Jun 25, 2014 7:21am Jun 25, 2014 7:21am
G/J to SL
Attached Image (click to enlarge)
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  • #5,506
  • Edited 7:41am Jun 25, 2014 7:23am | Edited 7:41am
Quoting mor707
{quote} Shouldn't it be EJ: short @ 138.700?
I'm not as fast with MT4 as with my usual platform.
When I prepared my trade, EJ was under 138.700.
The close was 138.703, less than 1 pip >138.700, so I choosed to place the order @ .600 to fully comply with the rules...
And I forgot to place a pending long @ 138.800.
I was very lucky as I would have been stopped with a loss @ 14:30...
  • #5,507
  • Jun 25, 2014 7:25am Jun 25, 2014 7:25am
I'm done for the day,
2 techical issues today that cost me 7%, but I have ended up only 3% down trade summary is

GJ +5
EJ +5
GJ -24 (Check your EA settings people my "Hidden SL" was set to false - meaning no SL at all)
EA -10
EA -10 (I had buy and sell pending orders and something went wrong with my platform, couldn't cancel one when the other was executed both ended up full losses
GJ +6
GU+5
EU+5
GJ-10

Lessons learnt tonight, and further proof that the system does work... just mistakes can be costly with the 2:1 risk reward situation!

Good luck to the rest of you today
  • #5,508
  • Jun 25, 2014 7:26am Jun 25, 2014 7:26am
EJ - Sled
GJ - SLed

Wait another chance!
  • #5,509
  • Jun 25, 2014 7:27am Jun 25, 2014 7:27am
GA to target. [plus a little positive slippage]
Attached Image (click to enlarge)
Click to Enlarge Name: ga 6.25.14.png Size: 68 KB
Small disciplines repeated with consistency lead to great achievements.
  • #5,510
  • Jun 25, 2014 7:29am Jun 25, 2014 7:29am
As simple as this one !!!!
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  • #5,511
  • Jun 25, 2014 7:29am Jun 25, 2014 7:29am
Quoting Goodgame42
{quote} Thanks friend. I continue to keep an eye on you
Au revoir Goodgame.
Dommage, un français de moins sur la file ;-)
Tous mes voeux de réussite...
  • #5,512
  • Jun 25, 2014 7:33am Jun 25, 2014 7:33am
E/J again to SL
Attached Image (click to enlarge)
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  • #5,513
  • Jun 25, 2014 7:34am Jun 25, 2014 7:34am
Quoting Ff-fx
{quote} The close was 138.703, less than 1 pip >138.700, so I choosed to place the order @ .600 to fully comply with the rules...
  • #5,514
  • Jun 25, 2014 7:37am Jun 25, 2014 7:37am
Quoting HannesJoub
I've just checked, whilst my commission amounts to 0.5 pips RT, at the moment due to my mistakes today, the commissions make up more than 50% of my gains!!! That is heavy. What is everyone else paying for commissions, around the same? Cheers H
Yep, despite what you will read here, "Two wins, 2%, done for the day", it is simply not true. If you risk 2% per trade and have to pay $5.50 commission per round turn lot, two wins of 5 pips will get you 1.7% for the day. ie. Two wins does not cancel out one loss.
  • #5,515
  • Edited 7:57am Jun 25, 2014 7:38am | Edited 7:57am
Quoting jmflukeiii
GA to target. [plus a little positive slippage] {image}
EA to target [although that was mostly luck - slippage and just lucked out on the trade not being closed during the news mayhem]. Target achieved.
Note: Some US news definitely affects these non-US pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: ea 6.25.14.png Size: 64 KB
Small disciplines repeated with consistency lead to great achievements.
  • #5,516
  • Jun 25, 2014 7:41am Jun 25, 2014 7:41am
Quoting dhghael
As simple as this one !!!! {image}
open your own thread please..

Udine
Sleep less, live fast, as it aint gonna last
  • #5,517
  • Jun 25, 2014 7:48am Jun 25, 2014 7:48am
Quoting Udine
{quote} open your own thread please.. Udine

second that..

typical wiz boy..lol
Passion, Persist, Patience, Protect
  • #5,518
  • Jun 25, 2014 7:48am Jun 25, 2014 7:48am
not even a very good heikinAshi chart ,,, dosent hold a candle (sic) to your syatem Udine
Whats That? you're trading What?
  • #5,519
  • Jun 25, 2014 7:56am Jun 25, 2014 7:56am
Quoting Goodgame42
{quote} spreads, commissions and for 1 loss you must win 3 trades to have a little profit, I prefer a 1:1 ratio. I loose 2 GJ shorts in a row and avoid almost 6 wins... I'm a scalper so I will continue my Pivots Points scalping
Although I'm a newbie, I want suggest you to give it a try on hourly base. All rules will stay as they are even SL but go for 15 Pip TP.
My 2 Trades for today:

NZDUSD long @0.8680 TP @0.8695
AUDUSD long @ 0.9370 TP @0.9385

This system has a very big potential, so don't give up!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #5,520
  • Jun 25, 2014 8:00am Jun 25, 2014 8:00am
hey Udine, what you think about the biting suarez guy, lol.. whats up on that..
Passion, Persist, Patience, Protect
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