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As simple as possible: 00 level trading

  • #6,421
  • Jun 30, 2014 2:48am Jun 30, 2014 2:48am
out EJ +5
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Never say no to PIPS
  • #6,422
  • Jun 30, 2014 2:48am Jun 30, 2014 2:48am
Trade #4 o/t day, EURCAD to TP.
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  • #6,423
  • Jun 30, 2014 2:48am Jun 30, 2014 2:48am
Quoting Juan007
ej +5 {image}
Well done, I got taken out at BE on this, do you move to BE at +3.5?
  • #6,424
  • Jun 30, 2014 2:49am Jun 30, 2014 2:49am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting FxMasterGuru
@Udine, @oztrader79 and @SerenityFx I hate to say that I was right - THE SECOND TIME TODAY - with my theory about instituational traders wathcing and hunting down the setups. The London open trade on G/J has happened AGAIN according to what I had predicted (http://www.forexfactory.com/showthre...42#post7568542). Deja Vu... (see my previous post about the Frankfurt open trade). BuyStop was briefly triggered at 172.700. The trade was in profit for even LESS THAN 1 MINUTE this time, then it headed to the StopLoss - even faster...

Based on two trades?
An expert is a man who has made all the mistakes which can be made
  • #6,425
  • Jun 30, 2014 2:50am Jun 30, 2014 2:50am
Quoting flx69
Buenos días familia, Trade #1 o/t day, EURAUD to TP: {image}
Gud AM everybody! Same trade I took also.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.06.30_15h43m57s_004_.png Size: 57 KB


Wish you all success for the week.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #6,426
  • Jun 30, 2014 2:51am Jun 30, 2014 2:51am
Quoting messiahua
Considering GJ I want to notice, that my daily open is 172.732, so no longs at all
Good for you! These discrepancies about the Open Price - with subsequent significant differences in results - make backtesting even more difficult.

Probably the determination of "daily open price" should not be left to the indicator, so personally I will adjust it manually to TOKYO OPEN. Today it would have clearly made more sense.
  • #6,427
  • Jun 30, 2014 2:51am Jun 30, 2014 2:51am
Trade #3
EU to TP with a whole bunch of slippage. :-/

Price was moving very fast.
Attached Image (click to enlarge)
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  • #6,428
  • Jun 30, 2014 2:52am Jun 30, 2014 2:52am
Quoting lazyegg
out EJ +5 {image}

YOU CAN USE A SCRIPT ITS MORE EASY AND FAST

here 4 you
Attached File(s)
File Type: ex4 UdinesInstantBUYStopOrder.ex4   7 KB | 513 downloads
File Type: ex4 UdinesInstantSELLStopOrder.ex4   7 KB | 477 downloads
  • #6,429
  • Jun 30, 2014 2:55am Jun 30, 2014 2:55am
According to my chart there was no opportunity to go long on GJ this morning since price is below daily open line.
It was a nice sell trade instead (unfortunatelly I didn't take it, because I took the GA long which hit TP +5).
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  • #6,430
  • Jun 30, 2014 2:55am Jun 30, 2014 2:55am
Quoting FxMasterGuru
@Udine, @oztrader79 and @SerenityFx I hate to say that I was right - THE SECOND TIME TODAY - with my theory about instituational traders wathcing and hunting down the setups. The London open trade on G/J has happened AGAIN according to what I had predicted (http://www.forexfactory.com/showthre...42#post7568542). Deja Vu... (see my previous post about the Frankfurt open trade). BuyStop was briefly triggered at 172.700. The trade was in profit for even LESS THAN 1 MINUTE this time, then it headed to the StopLoss - even faster...
And for the retail traders that went short on GJ?? This is not the only strategy thread or FX forum (on FF alone there's 2210 threads under Trading Systems). Not everyone sings from the same songsheet as this thread.
There's so many holes in your argument I don't know where to start. Conspiracy theorists unite.
  • #6,431
  • Jun 30, 2014 2:56am Jun 30, 2014 2:56am
Quoting Neio
{quote} Based on two trades?
It is still a THEORY. It was based on my observation of last week's price action with some losers. There were a couple of similar losers to be able to make an "observation" and to establish a "theory". (As it is done in scientific research.)

Today's first two hours and first two GJ trades (by the "Rules") just seem to support this theory. That is all...

By the way, just by looking at the price action on 1M chart tells a lot....
  • #6,432
  • Jun 30, 2014 2:57am Jun 30, 2014 2:57am
so far according to my book.. gj long sl.. ej tp.. eu tp.. gj short 600lv tp..

so accounts for +5 or BE at worst..

and I missed taking my +8 tp on ej bcz of replying the plotter biatchhhh.. ur on my nerve already, lol
Passion, Persist, Patience, Protect
  • #6,433
  • Jun 30, 2014 2:57am Jun 30, 2014 2:57am
Quoting Juan007
{quote} YOU CAN USE A SCRIPT ITS MORE EASY AND FAST here 4 you {file} {file}

Thx Juan, that is very kind of you, Could you please tell me how it work?
Never say no to PIPS
  • #6,434
  • Jun 30, 2014 3:02am Jun 30, 2014 3:02am
  •  Neio
  • Joined Oct 2012 | Status: Can't think outside?Enlarge the box | 688 Posts
Quoting FxMasterGuru
{quote} It is still a THEORY. It was based on my observation of last week's price action with some losers. There were a couple of similar losers to be able to make an "observation" and to establish a "theory". (As it is done in scientific research.) Today's first two hours and first two GJ trades (by the "Rules") just seem to support this theory. That is all... By the way, just by looking at the price action on 1M chart tells a lot....
Well I have done my own back-testing for the last couple of weeks and I have not seen anything to worry me at Frankfurt open or the first two hours of London session.

The backtesting does not take long and can mostly be achieved by dropping down to 15M.

Everyone should do this for themselves and make up their own minds.

Regards

Neio
An expert is a man who has made all the mistakes which can be made
  • #6,435
  • Jun 30, 2014 3:05am Jun 30, 2014 3:05am
Quoting lazyegg
{quote} Thx Juan, that is very kind of you, Could you please tell me how it work?
sorry 4 my english

you install them in the script folder
then restart the platform
to use simply drag the graph
is important to the activated autotrading
if someone wants to explain it better thanks
  • #6,436
  • Jun 30, 2014 3:05am Jun 30, 2014 3:05am
Quoting FXEmpire
so far according to my book.. gj long sl.. ej tp.. eu tp.. gj short 600lv tp.. so accounts for +5 or BE at worst.. and I missed taking my +8 tp on ej bcz of answering the the plotter biatchhhh.. ur on my nerve already, lol
I like your "book"!

1. Not taking Frankfurt open GJ short (500 level): saved 10 pips loss
2. Taking two GJ trade within 1 hour: + 5 pips profit
3. Trading non-recommended EU: another +5 pips profit

So by simply bending the "rules" you have achieved 20 pips better results. Congratulations!
  • #6,437
  • Jun 30, 2014 3:07am Jun 30, 2014 3:07am
GJ to TP +5 (-15 for the day so far)
  • #6,438
  • Jun 30, 2014 3:09am Jun 30, 2014 3:09am
EURAUD and GBPAUD have high ADR and low spreed good performance
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  • #6,439
  • Jun 30, 2014 3:11am Jun 30, 2014 3:11am
Quoting lazyegg
{quote} Thx Juan, that is very kind of you, Could you please tell me how it work?
When your script is installed correctly, Right click on it in your terminal and create a HotKey. I use CTRL+B for "Buy" CTRL+S for "sell"... Works great..
  • #6,440
  • Jun 30, 2014 3:11am Jun 30, 2014 3:11am
Quoting Juan007
{quote} sorry 4 my english you install them in the script folder then restart the platform to use simply drag the graph is important to the activated autotrading if someone wants to explain it better thanks
Hope this help
http://www.forexfactory.com/showthre...01#post7564101
Quoting 2013
{quote} Copy the 2 scripts then:- 1. Above left of you MT4--Click File-->Open Data Folder-->Double click:MQL4--->Double click:Scripts-->Right Click and Paste the 2 Scripts here. 2. Restart your MT4. Press Ctrl+N of your keyboard. 3. Scroll down Scipts Tab, you will saw the Scripts of UdinesOpenBuyStopOrder and UdinesOpenSellStopOrder. 4. Drag the script to your EJ or GJ chart. Edit: Remember Above MT4---> Hit the play button (AutoTrading) . Small green play button will show up. Magic
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