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As simple as possible: 00 level trading

  • #5,981
  • Jun 27, 2014 2:25am Jun 27, 2014 2:25am
GJ +5

It wasn't going well for a while there, and I was tempted to panic and manually close at a loss, but I walked away from the computer and stuck my head in the 'sand' and the PA corrected.
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  • #5,982
  • Jun 27, 2014 2:25am Jun 27, 2014 2:25am
GJ to TP

Today :
GU -10
GJ +5

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  • #5,983
  • Jun 27, 2014 2:28am Jun 27, 2014 2:28am
GJ +5

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  • #5,984
  • Jun 27, 2014 2:28am Jun 27, 2014 2:28am
GU -10 GJ +5
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  • #5,985
  • Jun 27, 2014 2:29am Jun 27, 2014 2:29am
Quoting Udine
Gj to TP Udine {image}
What a difference spread makes. Mine was TS because of 1.6 spread compared to 0.6....
  • #5,986
  • Jun 27, 2014 2:29am Jun 27, 2014 2:29am
interesting...everyone cought the GJ with +5
why didnt you all went to BE when the price was hitting 172.565 (+3.5)?
  • #5,987
  • Jun 27, 2014 2:32am Jun 27, 2014 2:32am
Quoting Udine
{quote} nope too close.. DO was 172.999 and levle 173.000 BTW the thread goes so fast it happens I miss a post sometimes Udine
Thanks!

Quoting Udine
{quote}BTW the thread goes so fast it happens I miss a post sometimes Udine
I certainly understand

Artem
Let's go with the flow
  • #5,988
  • Jun 27, 2014 2:36am Jun 27, 2014 2:36am
GU -10 again
  • #5,989
  • Jun 27, 2014 2:36am Jun 27, 2014 2:36am
gu-10
  • #5,990
  • Jun 27, 2014 2:36am Jun 27, 2014 2:36am
Quoting Masterrmind
{quote} The following are some examples of a chart setup you could use for Gold but you may need to modify it to suit your particular style. You need to be aware of the following: 1. The spread on Gold given by your broker 2. The range, point value and the levels that you will trade 3. Apply Udine's Rules (Post #1) as much as possible (they will keep you out of many losing trades and into more winners !) 4. Feel free to adapt the style of the chart to your own preference (number of lines, colors etc) 5. If you are not sure what you should be doing...

Hi Masterrmind,

Which levels do you trade? Which are the results of for example the last two weeks?
  • #5,991
  • Jun 27, 2014 2:37am Jun 27, 2014 2:37am
Quoting yag
interesting...everyone cought the GJ with +5 why didnt you all went to BE when the price was hitting 172.565 (+3.5)?
I agree, I noticed my trailing stop and BE didn't work either, but then because my target is 5.7 to cover commissions I actually ended up taking a full loss -10
2 losses to start the day, ouch
  • #5,992
  • Jun 27, 2014 2:37am Jun 27, 2014 2:37am
Quoting yag
interesting...everyone cought the GJ with +5 why didnt you all went to BE when the price was hitting 172.565 (+3.5)?

trailstop was not hit, then almost hit sl and finally came back to hit TP

Udine
Sleep less, live fast, as it aint gonna last
  • #5,993
  • Jun 27, 2014 2:39am Jun 27, 2014 2:39am
Mine GJ was TS too, spread @ 1.3
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Porta itineris dicitur longissima esse
  • #5,994
  • Jun 27, 2014 2:39am Jun 27, 2014 2:39am
I am testing this system on two accounts simultaneously. The same trade in low spread account +5, in higher spread (~2.4) account -10.
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  • #5,995
  • Jun 27, 2014 2:40am Jun 27, 2014 2:40am
Quoting Udine
{quote} trailstop was not hit, then almost hit sl and finally came back to hit TP Udine
Trailstop did hit due to spread 1.0

guess thats the importent part of having really low spreads
  • #5,996
  • Jun 27, 2014 2:44am Jun 27, 2014 2:44am
Quoting Udine
{quote} trailstop was not hit, then almost hit sl and finally came back to hit TP Udine
Yse, it was hot ;-)

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  • #5,997
  • Jun 27, 2014 2:44am Jun 27, 2014 2:44am
everyone is ignoring gbp news?
  • #5,998
  • Jun 27, 2014 2:47am Jun 27, 2014 2:47am
Quoting messiahua
everyone is ignoring gbp news?
No I stay out of a GBP trade till half an hour after the news.
  • #5,999
  • Jun 27, 2014 2:47am Jun 27, 2014 2:47am
Quoting messiahua
everyone is ignoring gbp news?

nope, entry was before the 1 hour mark was reached..

Udine
Sleep less, live fast, as it aint gonna last
  • #6,000
  • Jun 27, 2014 2:49am Jun 27, 2014 2:49am
Quoting messiahua
everyone is ignoring gbp news?
no, since 15 min no trade in G-pairs...
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