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As simple as possible: 00 level trading

  • #6,961
  • Jul 1, 2014 10:34pm Jul 1, 2014 10:34pm
pending BS reset from 5401
Whats That? you're trading What?
  • #6,962
  • Jul 1, 2014 10:37pm Jul 1, 2014 10:37pm
Quoting silversurfer
Fair enough. Any thoughts on how non farm data followed by a US public holiday will impact the market? I might just call it quits after the London open on Thursday and take a trading holiday myself.
That's completely your decision.

NFP moves the market with intensity.

If I trade at that time (neglecting the non-trading zone for direct red news of course) I will significantly reduce my position size.

Trading the Asian and the start of the London session may prove to be the best course of action......

EDIT: as for July 4 holiday I personally may not trade it and may not touch USD pairs on that day....

Masterrmind...........
Master your Mind then Master your Trades
  • #6,963
  • Jul 1, 2014 11:32pm Jul 1, 2014 11:32pm
I did see somewhere on the thread a trailing EA that could be adjusted so as not to interfere with other trades in effect. Can't seem to find it now tho.
Anyone have it or can direct me to post it's on?
Thanks
  • #6,964
  • Jul 1, 2014 11:50pm Jul 1, 2014 11:50pm
Quoting buntmn
I did see somewhere on the thread a trailing EA that could be adjusted so as not to interfere with other trades in effect. Can't seem to find it now tho. Anyone have it or can direct me to post it's on? Thanks
You might need to be a little more specific.

Otherwise you could try searching through the paper clip (top right of screen):

Hope that helps but there are many to look through.....

Good luck

Masterrmind..........
Master your Mind then Master your Trades
  • #6,965
  • Jul 1, 2014 11:53pm Jul 1, 2014 11:53pm
whatsss up everyone

Ready to make some Green?

waitting for London open
Never say no to PIPS
  • #6,966
  • Jul 2, 2014 12:02am Jul 2, 2014 12:02am
Quoting lazyegg
whatsss up everyone Ready to make some Green? waitting for London open
Green pips already earlier on for GJ pair

Masterrmind............
Master your Mind then Master your Trades
  • #6,967
  • Jul 2, 2014 12:12am Jul 2, 2014 12:12am
Quoting Masterrmind
{quote} You might need to be a little more specific. Otherwise you could try searching through the paper clip (top right of screen): Hope that helps but there are many to look through..... Good luck Masterrmind..........
Thanks MM. I think it was early on in the thread, I'll go back again and have a look thru the first few pages.

Some people were getting caught out when wheelbarrow (or maybe WUKAR) started trailing on trades that were separate from Udines strategy. One chap had some longer term trades that were stopped out on TS by wheelbarrow. Bit vague on it coz it was one of those things I read and then parked in the memory banks without giving a lot of thought to, figured I'd go back and look at when I needed it. Thread moves pretty quick so now she's needle in haystack material.
  • #6,968
  • Jul 2, 2014 12:13am Jul 2, 2014 12:13am
MM ,5 SPI B/s actioned all 5tp from 5401
Attached Image (click to enlarge)
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Whats That? you're trading What?
  • #6,969
  • Jul 2, 2014 12:24am Jul 2, 2014 12:24am
Quoting Masterrmind
{quote} You might need to be a little more specific. Otherwise you could try searching through the paper clip (top right of screen): Hope that helps but there are many to look through..... Good luck Masterrmind..........
Thanks MM. I think it was early on in the thread, I'll go back again and have a look thru the first few pages.

Some people were getting caught out when wheelbarrow (or maybe WUKAR) started trailing on trades that were separate from Udines strategy. One chap had some longer term trades that were stopped out on TS by wheelbarrow. Bit vague on it coz it was one of those things I read and then parked in the memory banks without giving a lot of thought to, figured I'd go back and look at when I needed it. Thread moves pretty quick so now she's needle in haystack material.

EDIT sry for double post)
  • #6,970
  • Jul 2, 2014 12:40am Jul 2, 2014 12:40am
Quoting buntmn
{quote} Thanks MM. I think it was early on in the thread, I'll go back again and have a look thru the first few pages. Some people were getting caught out when wheelbarrow (or maybe WUKAR) started trailing on trades that were separate from Udines strategy. One chap had some longer term trades that were stopped out on TS by wheelbarrow. Bit vague on it coz it was one of those things I read and then parked in the memory banks without giving a lot of thought to, figured I'd go back and look at when I needed it. Thread moves pretty quick so now she's...
I use the 1 EA and 2 Udine buy and sell scripts (sometimes MT4 manual pending orders) but each to their own.

You need to test them and choose which one best suits you.

If you look at any of my screen shots you will quickly discover which one I use.

They all work equally well though and very useful.

I don't mind if a trade hits the TS....at least it may have saved me from a potential full 10 pip loss which is like having insurance against loss.

EDIT: its very very important that you test each of them so that you know exactly how they operate through all orders...start to finish!

Masterrmind..........
Master your Mind then Master your Trades
  • #6,971
  • Jul 2, 2014 12:48am Jul 2, 2014 12:48am
Quoting buntmn
I did see somewhere on the thread a trailing EA that could be adjusted so as not to interfere with other trades in effect. Can't seem to find it now tho. Anyone have it or can direct me to post it's on? Thanks
Maybe you talk about swissarmyknife ea. You'll find it in a google search.
  • #6,972
  • Jul 2, 2014 12:49am Jul 2, 2014 12:49am
Morning all.. getting prepared to kick it off at London..

I believe read on ff calender NFP news release is moved to Thursday for this month instead of usual Friday.. am I correct?
Passion, Persist, Patience, Protect
  • #6,973
  • Jul 2, 2014 12:53am Jul 2, 2014 12:53am
Quoting buntmn
I did see somewhere on the thread a trailing EA that could be adjusted so as not to interfere with other trades in effect. Can't seem to find it now tho. Anyone have it or can direct me to post it's on? Thanks
see #Post 6952 on previous page
  • #6,974
  • Jul 2, 2014 12:56am Jul 2, 2014 12:56am
Quoting FXEmpire
Morning all.. getting prepared to kick it off at London.. I believe read on ff calender NFP news release is moved to Thursday for this month instead of usual Friday.. am I correct?
Yes correct!

NFP on Thursday

Public Holiday (Banks USA) for some.

Potentially more riskier to trade...........??

Masterrmind..............
Master your Mind then Master your Trades
  • #6,975
  • Jul 2, 2014 12:59am Jul 2, 2014 12:59am
Hello everybody...
Have a nice green day ;-)
  • #6,976
  • Jul 2, 2014 1:02am Jul 2, 2014 1:02am
EJ +5 TP

Attached Image (click to enlarge)
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Long time in the coming but worth it .....

Daily target met.

Masterrmind.......
Master your Mind then Master your Trades
  • #6,977
  • Jul 2, 2014 1:06am Jul 2, 2014 1:06am
Quoting Kobiet
{quote} see #Post 6952 on previous page
That's the one thanks, knew I'd seen it somewhere just didn't think it was earlier today
  • #6,978
  • Jul 2, 2014 1:09am Jul 2, 2014 1:09am
Quoting Masterrmind
{quote} Yes correct! NFP on Thursday Public Holiday (Banks USA) for some. Potentially more riskier to trade...........?? Masterrmind..............

oh that's right 4th of July.. thanks mastermind..

I don't think the release on a different day would matter much.. but it will be tough day to trade since coinciding with eu rate change/conference, would leave a larger gap time for us to trade considering red news not trade time zone..
anyhow the FIFO family should stay out of it till all dust settles, lol


make your money today you allllll..
Passion, Persist, Patience, Protect
  • #6,979
  • Jul 2, 2014 1:10am Jul 2, 2014 1:10am
Bonus #1

GU +5 TP

triggered earlier and since EJ just went to TP and TS activated on the GU trade decided to let it run.

Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #6,980
  • Jul 2, 2014 1:18am Jul 2, 2014 1:18am
Will return for London open

Good luck everyone........

Masterrmind...........
Master your Mind then Master your Trades
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