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As simple as possible: 00 level trading

  • #8,781
  • Jul 9, 2014 3:46am Jul 9, 2014 3:46am
Quoting Udine
{quote} here the GJ 1M chart.. Udine {image}
Thanks for that - looks like when you hit TP mine didn't but TS triggered and then spiked down the following minute after you were already out - big difference on brokers in this instance - my spread on GJ is about 1.2pips and varies from under a pip to 1.5pips+ so pretty tight and ECN, but didn't work in my favour this time.
  • #8,782
  • Jul 9, 2014 3:48am Jul 9, 2014 3:48am
Quoting Udine
{quote} since the start... wukar and wheelbarrel Udine


thanks i know that, but i was wondering if the other traders using demo missed it because they weren't using wukar too
  • #8,783
  • Jul 9, 2014 4:01am Jul 9, 2014 4:01am
Quoting flx69
{quote} Verrrry nice, I see you followed the advice I gave you in post #7181, with excellent results !
Yes, I am trying to practice PDF I am paying more attention to correlations, too. Thank you for your support, flx69
  • #8,784
  • Jul 9, 2014 4:04am Jul 9, 2014 4:04am
at this time everyone is on holiday?
A good day thank you UDINe
  • #8,785
  • Jul 9, 2014 4:04am Jul 9, 2014 4:04am
GJ -10 Missed lot of profitable trades in the morning I think .900 levels near DO are dangerous.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1 09.07.2014_1.png Size: 55 KB
  • #8,786
  • Jul 9, 2014 4:08am Jul 9, 2014 4:08am
Quoting Udine
{quote} PDF & BCC in all areas in your life !! Udine
Even more true!!
  • #8,787
  • Jul 9, 2014 4:20am Jul 9, 2014 4:20am
How do you know if price is at the 900 level. I don't see these levels on my chart.
Know your edge and trade within it
  • #8,788
  • Jul 9, 2014 4:20am Jul 9, 2014 4:20am
Quoting yorkshirelad
Morning all first post. Im very new to forex still learning the ropes this has been one mega thread I have managed to read it all and im still confused. I have tried the EA and its not working, I get the smiley face but when it comes to placing trades nothing has happened. I think I will start at the beginning and only trade by hand. Hope that some of you guys will be here to help me if I make a mistake I will try and not ask too many stupid questions. Yorkshire Lad
Welcome, yep you've got a bit confused. Can't see if you've been answered. This is a purely manual system in terms entering the trades (use the scripts it's much easier - drag the script onto the chart). The EA/s are designed to manage the trades in terms of entering take profit, stop loss and trailing stop (depending on what EA you are using).
  • #8,789
  • Jul 9, 2014 4:24am Jul 9, 2014 4:24am
Quoting fxtrader29ca
How do you know if price is at the 900 level. I don't see these levels on my chart.

show your chart..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,790
  • Jul 9, 2014 4:24am Jul 9, 2014 4:24am
Going for this trade.
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  • #8,791
  • Jul 9, 2014 4:26am Jul 9, 2014 4:26am
Quoting Udine
{quote} show your chart.. Udine
Here it is:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 48 KB
Know your edge and trade within it
  • #8,792
  • Jul 9, 2014 4:30am Jul 9, 2014 4:30am
Quoting jeetvirk
GJ -10 Missed lot of profitable trades in the morning I think .900 levels near DO are dangerous. {image}

don't worry brother.. so was the long 100lv too close to the DO turned as a winner.. so still not a bad play
Passion, Persist, Patience, Protect
  • #8,793
  • Jul 9, 2014 4:33am Jul 9, 2014 4:33am
Hi Udine,


Is there any rules to trade near opening of the day?
or just enter with 00?
  • #8,794
  • Jul 9, 2014 4:34am Jul 9, 2014 4:34am
Quoting buntmn
{quote} Welcome, yep you've got a bit confused. Can't see if you've been answered. This is a purely manual system in terms entering the trades (use the scripts it's much easier - drag the script onto the chart). The EA/s are designed to manage the trades in terms of entering take profit, stop loss and trailing stop (depending on what EA you are using).
haha so I need to manually enter a trade and then the EA takes over the rest?

Anyway I dont think I like the idea of that at the moment id rather make the mistakes myself and try learn from them. Thank you for your reply this thing moves so fast!
  • #8,795
  • Jul 9, 2014 4:35am Jul 9, 2014 4:35am
Quoting ericjschroed
Ok, here is a slightly modified EA to handle MagicNumbers. The default is 0 (zero) so it won't do anything different than 1.3.2e unless you change the MN value. However, your order scripts need to have the same MN to work (because for some crazy reason, you can't change an order MN after it's created ). If you are using MrTD's scripts, maybe he can add that or if he wants to send me the code, I can do it. Of course with US brokers you can't trade 2 systems on the same pair in the same account because of the stupid FIFO rules! {file}
Thanks Eric!!! Non-US here
  • #8,796
  • Jul 9, 2014 4:36am Jul 9, 2014 4:36am
Quoting FXEmpire
{quote} don't worry brother.. so was the long 100lv too close to the DO turned as a winner.. so still not a bad play
Thanks FXEmpire
As long as trading within rules no regrets. Losses are also part of trading Cost of running Business.

but next time i will be more carefull.

regards

jeet
  • #8,797
  • Jul 9, 2014 4:37am Jul 9, 2014 4:37am
Quoting fxtrader29ca
{quote} Here it is: {image}

the .900 level was for the GJ chart..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,798
  • Jul 9, 2014 4:38am Jul 9, 2014 4:38am
Quoting jeetvirk
GJ -10 Missed lot of profitable trades in the morning I think .900 levels near DO are dangerous. {image}
Took that one as well; I wasn't totally convinced to take it, because of the length of the candle which triggered my entry. Should've waited for the retracement:

Attached Image
  • #8,799
  • Jul 9, 2014 4:38am Jul 9, 2014 4:38am
Quoting umpats
Hi Udine, Is there any rules to trade near opening of the day? or just enter with 00?

read posts of yesterday.. it has been discussed there..

Udine
Sleep less, live fast, as it aint gonna last
  • #8,800
  • Jul 9, 2014 4:39am Jul 9, 2014 4:39am
GJ short TH 5.7
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