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As simple as possible: 00 level trading

  • #8,101
  • Jul 7, 2014 8:46am Jul 7, 2014 8:46am
OK,

Thank you very much!

regards,
Ben
  • #8,102
  • Jul 7, 2014 8:49am Jul 7, 2014 8:49am
Quoting Masterrmind
Bonus Trade #5 EJ closed out manually for a small gain simply didn't like the look of it. {image} Masterrmind............
Making lots of bonuses
Intraday only.
  • #8,103
  • Jul 7, 2014 8:50am Jul 7, 2014 8:50am
Quoting Masterrmind
Bonus Trade #5 EJ closed out manually for a small gain simply didn't like the look of it. {image} Masterrmind............
How about the patience factor Masterrmind ?
  • #8,104
  • Jul 7, 2014 8:50am Jul 7, 2014 8:50am
Quoting Masterrmind
Bonus Trade #5 EJ closed out manually for a small gain simply didn't like the look of it. {image} Masterrmind............
smart move

Udine
Sleep less, live fast, as it aint gonna last
  • #8,105
  • Jul 7, 2014 8:50am Jul 7, 2014 8:50am
Quoting Udine
{quote} you mix two EA's 1. The WUKAR is the one with the hidden SL of 10 pips 2. the wheelbarrel EA is for the trailing stop, which you put on a separate chart Udine
Thanks for this info, though I never used EA until now.
Intraday only.
  • #8,106
  • Jul 7, 2014 8:52am Jul 7, 2014 8:52am
Quoting flx69
{quote} How about the patience factor Masterrmind ?

nahh,

the EJ was not really in sync with the EU and the GJ had already reached its ADR... so a push down because of a stronger JPY was not to be expected either. so sideline = good !!

Udine
Sleep less, live fast, as it aint gonna last
  • #8,107
  • Jul 7, 2014 8:54am Jul 7, 2014 8:54am
Quoting navk
{quote} Making lots of bonuses
I have not had a single loss in today's trading which for a Monday is rather unusual.

The system well and truly performed to its best today....no question!

Masterrmind........
Master your Mind then Master your Trades
  • #8,108
  • Jul 7, 2014 8:55am Jul 7, 2014 8:55am
its possible somme body have this trade time

ej sell at 138.500 and buy gu 1.36000


¿wich coul be the end?

+5-10 =-5 ??????
  • #8,109
  • Jul 7, 2014 9:00am Jul 7, 2014 9:00am
Quoting Udine
{quote} nahh, the EJ was not really in sync with the EU and the GJ had already reached its ADR... so a push down because of a stronger JPY was not to be expected either. so sideline = good !! Udine
Yes I weighed up those factors before I took the trade having also been up all day with no loss and entered EJ at reduced position size.

I was aware of the risk and monitored the PA very carefully and you could see price being stuck close to the 500 level and after 5 candles I ended it!

The most it went in my favor was about 4 pips.

I'm happy to close out the trade with slightly better than BE

Masterrmind .......
Master your Mind then Master your Trades
  • #8,110
  • Jul 7, 2014 9:01am Jul 7, 2014 9:01am
Quoting Masterrmind
{quote} I have not had a single loss in today's trading which for a Monday is rather unusual. The system well and truly performed to its best today....no question! Masterrmind........
The second 00 yellow line below or above open price seems important unless it is RN or 900 or 100 level.
Intraday only.
  • #8,111
  • Jul 7, 2014 9:04am Jul 7, 2014 9:04am
Quoting flx69
{quote} How about the patience factor Masterrmind ?
Udine has kindly offered the reason but my reasoning can also be found in post # 8114.

Masterrmind..............
Master your Mind then Master your Trades
  • #8,112
  • Jul 7, 2014 9:04am Jul 7, 2014 9:04am
Quoting Masterrmind
{quote} I have not had a single loss in today's trading which for a Monday is rather unusual. The system well and truly performed to its best today....no question! Masterrmind........

nicely said, but look at the ADR's... was not that easy today

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #8,113
  • Jul 7, 2014 9:11am Jul 7, 2014 9:11am
somme body has a ej win in sell 138.500 ??
  • #8,114
  • Jul 7, 2014 9:13am Jul 7, 2014 9:13am
Quoting Juan007
somme body has a ej win in sell 138.500 ??

not trading ..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,115
  • Jul 7, 2014 9:14am Jul 7, 2014 9:14am
Quoting Udine
{quote} nicely said, but look at the ADR's... was not that easy today Udine {image}
Yes I saw an issue with the ADR's that's for sure right from the start so you are right it was not that easy.

Selecting the best trades from a bad bunch seemed like the only way to go but trading with caution was necessary!

An unexpected outcome for a Monday but a fantastic trading day.

Masterrmind............
Master your Mind then Master your Trades
  • #8,116
  • Jul 7, 2014 9:14am Jul 7, 2014 9:14am
Quoting Udine
{quote} you mix two EA's 1. The WUKAR is the one with the hidden SL of 10 pips 2. the wheelbarrel EA is for the trailing stop, which you put on a separate chart Udine
hey master! tkz for your kind reply.

but that was my point, how is this mix? since i put my stop order with 10 pip fixed, if price retraces 3.5 pips wheelbarrel will close my position? if it's correct, in which situation the full stop loss (10 pips) will be achieved?

LOL tkz and green pips
  • #8,117
  • Jul 7, 2014 9:18am Jul 7, 2014 9:18am
Quoting gustcoelho
{quote} hey master! tkz for your kind reply. but that was my point, how is this mix? since i put my stop order with 10 pip fixed, if price retraces 3.5 pips wheelbarrel will close my position? if it's correct, in which situation the full stop loss (10 pips) will be achieved? LOL tkz and green pips
has been explained in the thread, i propose you do some more reading..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,118
  • Jul 7, 2014 9:18am Jul 7, 2014 9:18am
Bonus Trade +5 EJ!!
Attached Image (click to enlarge)
Click to Enlarge Name: 07.07.png Size: 39 KB
Give yourself a chance and trade it like it's layed out...
  • #8,119
  • Jul 7, 2014 9:18am Jul 7, 2014 9:18am
Quoting Juan007
somme body has a ej win in sell 138.500 ??
Yes I did. SL'd on GJ though.
I am a total noob trader so enjoying thread and trying to take it all in.

question: haven't seen anyone post any general rules for Asian session. I live in central US and am mom of kids so trading London every night here will be tough for me..Asian and NY best for my life
  • #8,120
  • Jul 7, 2014 9:19am Jul 7, 2014 9:19am
Quoting Bizzzle
Bonus Trade +5 EJ!! {image}
Happy to see EJ finally make it to TP but it was a struggle.

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