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As simple as possible: 00 level trading

  • #7,541
  • Jul 4, 2014 2:09am Jul 4, 2014 2:09am
Quoting FXEmpire
{quote} ups.. somebody did not read anything.. not even the thread title.. lol
Thank you for your answer
  • #7,542
  • Jul 4, 2014 2:10am Jul 4, 2014 2:10am
Quoting Alpe
{quote} 2. Entry ONLY the FIRST 00 level i see from hourly candle it been tested twice past 2 hrs... or i misunderstood the rule?
Only the first 00 level price reaches during that hour. It doesn't matter what the last hour did.
Small disciplines repeated with consistency lead to great achievements.
  • #7,543
  • Jul 4, 2014 2:10am Jul 4, 2014 2:10am
Not sure if mentioned before but take care with script pending order if trading around a 00 level.
Was loading one for 700 GU and rate dropped below 600 just as I put on chart. It registered and opened trade at 600. Closed it straight away and paid commission which I'll put down to education cost.
  • #7,544
  • Jul 4, 2014 2:11am Jul 4, 2014 2:11am
Quoting Alpe
{quote} 2. Entry ONLY the FIRST 00 level i see from hourly candle it been tested twice past 2 hrs... or i misunderstood the rule?
Last hourly close: 138.846.
D1 and H1 red, so only short.
What would be the FIRST 00 level to be crossed if EJ goes down ?
  • #7,545
  • Jul 4, 2014 2:12am Jul 4, 2014 2:12am
Quoting navk
{quote} I understand the rules. But I just avoid that pair for shorting. Reason; When a bullish pair retraces, it is choppy and chances of hitting SL is high.
same goes for going long at it based on your chop theory..
mind as well go with what days condition is showing..
just my O, dropping some wisdom .. it's a free country do what you think brother..
Passion, Persist, Patience, Protect
  • #7,546
  • Jul 4, 2014 2:12am Jul 4, 2014 2:12am
Quoting jmflukeiii
{quote} You didn't turn on your EA for the trade manager. You cancelled your stop. Spread wouldn't matter, the ask would have been well above the bid displayed on the chart.
Well done jmflukeiii your response is the best!

Reason:

The HSL (hidden stop loss) was not checked and was actually set to false ie no HSL actioned.
Fortunately the hard stop loss was set to TRUE so a SL was in place.

Moral of the story:

Before every trading day check the parameter settings in your trade management EA and make sure they are set to your specifications.

Masterrmind...........
Master your Mind then Master your Trades
  • #7,547
  • Jul 4, 2014 2:12am Jul 4, 2014 2:12am
Quoting fxaus
{quote} Thank you for your answer
your most welcome..
Passion, Persist, Patience, Protect
  • #7,548
  • Jul 4, 2014 2:14am Jul 4, 2014 2:14am
Am I over trading this system?

Two bonuses today.

Just hit TP in EURNZD. + 5
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzdm15.png Size: 73 KB
Intraday only.
  • #7,549
  • Jul 4, 2014 2:15am Jul 4, 2014 2:15am
Hi Udine did you place short EJ @ 138.800 ?
Porta itineris dicitur longissima esse
  • #7,550
  • Jul 4, 2014 2:17am Jul 4, 2014 2:17am
EU seems to play in sync with EJ...so EU possible short at .000...but i will just watch
  • #7,551
  • Jul 4, 2014 2:18am Jul 4, 2014 2:18am
Good morning folks!
Some time ago I wrote about the x-adr indicator "disappearing" - well, actually stopping to display and as it seems this happens the moment I place a pending with the Udine buy/sell script: maybe its designer can have a look at why it is wiping out another indis display?
  • #7,552
  • Jul 4, 2014 2:18am Jul 4, 2014 2:18am
Quoting navk
Am I over trading this system? Two bonuses today. Just hit TP in EURNZD. + 5 {image}
I know it's difficult to stop when you are clearly on a winning roll.

This is my own opinion ok but I would keep trading at a reduced position size and stop at the very next loss you have!

Totally your decision though.

ps. I'm certain other traders will have their own ideas!

Masterrmind...........
Master your Mind then Master your Trades
  • #7,553
  • Jul 4, 2014 2:18am Jul 4, 2014 2:18am
Quoting navk
Am I over trading this system? Two bonuses today. Just hit TP in EURNZD. + 5 {image}
I strongly suggest you close your MT4.
You should be up approx. 4% if you took your bonus trades at half the lot size.
If I were you, IŽd sit and watch without trading anymore.
Nice going !
  • #7,554
  • Jul 4, 2014 2:21am Jul 4, 2014 2:21am
Thanks a lot guys.

Yeah true I am over trading..

I knew in the past, the over trading will lead to disaster.
Intraday only.
  • #7,555
  • Jul 4, 2014 2:22am Jul 4, 2014 2:22am
Bye Bye Guys.

Time to go sleep now. 3.20 HERE.
Intraday only.
  • #7,556
  • Jul 4, 2014 2:25am Jul 4, 2014 2:25am
got to leave for a tennis tourney semi final match.. managed to get half of the daily goal, would have had the whole way if not wussed out of the gj short too early, lol

stay green you all.
Passion, Persist, Patience, Protect
  • #7,557
  • Jul 4, 2014 2:27am Jul 4, 2014 2:27am
Anybody can share H1&Daily colored indicators? i can't find that.
thanks
  • #7,558
  • Jul 4, 2014 2:27am Jul 4, 2014 2:27am
Quoting bubincka
Hi Udine did you place short EJ @ 138.800 ?

yes, butthe grass in the garden is growing faster...

looks I will go to the golfcourser earlier than expected

Udine
Sleep less, live fast, as it aint gonna last
  • #7,559
  • Jul 4, 2014 2:29am Jul 4, 2014 2:29am
Quoting FXEmpire
got to leave for a tennis tourney semi final match.. managed to get half of the daily goal, would have had the whole way if not wussed out of the gj short too early, lol stay green you all.
Wimbledon ???

Udine
Sleep less, live fast, as it aint gonna last
  • #7,560
  • Jul 4, 2014 2:29am Jul 4, 2014 2:29am
I'm in EJ short @ 138.800... turning into a looser. Anybody else took this trade ?
Porta itineris dicitur longissima esse
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