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As simple as possible: 00 level trading

  • #8,801
  • Jul 9, 2014 4:41am Jul 9, 2014 4:41am
Two sessions today....total 6 trades...5 winners, 1 TS .7 = + 5%

Cya for NY
  • #8,802
  • Jul 9, 2014 4:44am Jul 9, 2014 4:44am
GJ to TP, +15 today...my first bonus day trade;-)
i was very lucky, because the stop was 0.3 pips away but not triggered.
  • #8,803
  • Jul 9, 2014 4:47am Jul 9, 2014 4:47am
Sorry for all the questions:

Here is my chart currently. Both H1 and D1 is red. Trigger was 1.3610 and TP is at 1.3605.
I am wondering if this is correct.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15_progress.png Size: 42 KB
Know your edge and trade within it
  • #8,804
  • Jul 9, 2014 4:49am Jul 9, 2014 4:49am
Quoting fxtrader29ca
Sorry for all the questions: Here is my chart currently. Both H1 and D1 is red. Trigger was 1.3610 and TP is at 1.3605. I am wondering if this is correct. {image}

no

violation of rule 5: no short at .100

Udine
Sleep less, live fast, as it aint gonna last
  • #8,805
  • Jul 9, 2014 4:49am Jul 9, 2014 4:49am
gj 900lv for +7..
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.im15.png Size: 51 KB
Passion, Persist, Patience, Protect
  • #8,806
  • Jul 9, 2014 4:50am Jul 9, 2014 4:50am
Quoting Udine
{quote} no violation of rule 5: no short at .100 Udine
Thanks Udine, but how do I know I am at the 100 level? I don't see those numbers on the chart.
Know your edge and trade within it
  • #8,807
  • Jul 9, 2014 4:51am Jul 9, 2014 4:51am
i just solved why there are differences between udine and a few other newer traders.. I pvted those traders and turns out they werent using original WUKAR. if you are using original WUKAR the system closes exactly at 5 pip no ifs or buts.

however if you are using the EA Wukar_WB_trail_v1_3_2e made by eric, you should know it accounts for COMMISSIONS in TP and THEN closes the trades for a full 1% gain. i ran a few battery of trades to study and understand and it noticed it closes trade 5.5-5.6 pips due to my commissions with icmarkets.

demo status was irrelevant. and this was the reason why we b/e at the second EJ trade which happened at london open while udine and others had a TP.

hope this helps.
  • #8,808
  • Jul 9, 2014 4:51am Jul 9, 2014 4:51am
Quoting fxtrader29ca
{quote} Thanks Udine, but how do I know I am at the 100 level? I don't see those numbers on the chart.
do your homework

sweetspot indicator

Udine
Sleep less, live fast, as it aint gonna last
  • #8,809
  • Jul 9, 2014 4:55am Jul 9, 2014 4:55am
Quoting fxtrader29ca
{quote} Thanks Udine, but how do I know I am at the 100 level? I don't see those numbers on the chart.

you atta be kidding meeeee man..

your yellow broken lines on your chart..

unbelievable.. I been trying so hard to say nothing.. good god
Passion, Persist, Patience, Protect
  • #8,810
  • Jul 9, 2014 4:55am Jul 9, 2014 4:55am
Quoting Udine
{quote} do your homework sweetspot indicator Udine
I got it now! 1.36(100) this is the 100 level. I can see that on the chart now. Thanks and sorry for all the questions.
Know your edge and trade within it
  • #8,811
  • Jul 9, 2014 4:56am Jul 9, 2014 4:56am
funny post..

http://www.fxww.com/hedge-funds-adap...-small-ranges/

Udine
Sleep less, live fast, as it aint gonna last
  • #8,812
  • Jul 9, 2014 4:56am Jul 9, 2014 4:56am
Since discovering this thread (thx Udine), I've spent several days getting up to speed with MT. No demo trading as of yet.
Anyway, I thought I'd contribute by posting a fix for the Market Panel Clock, where the background hides the text. This saves having to delete the background every time you change charts or TF.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
Attached File(s)
File Type: zip MP Clock - Background fix.zip   69 KB | 460 downloads
  • #8,813
  • Jul 9, 2014 4:57am Jul 9, 2014 4:57am
Quoting FXEmpire
{quote} you atta be kidding meeeee man.. your yellow broken lines on your chart.. unbelievable.. I been trying so hard to say nothing.. good god
Dude, I am just trying to get use to this system. I am not allowed to ask questions?
Know your edge and trade within it
  • #8,814
  • Jul 9, 2014 4:58am Jul 9, 2014 4:58am
Quoting fxtrader29ca
{quote} I got it now! 1.36(100) this is the 100 level. I can see that on the chart now. Thanks and sorry for all the questions.
Sleep less, live fast, as it aint gonna last
  • #8,815
  • Jul 9, 2014 5:01am Jul 9, 2014 5:01am
Quoting nitecop
i just solved why there are differences between udine and a few other newer traders.. I pvted those traders and turns out they werent using original WUKAR. if you are using original WUKAR the system closes exactly at 5 pip no ifs or buts. however if you are using the EA Wukar_WB_trail_v1_3_2e made by eric, you should know it accounts for COMMISSIONS in TP and THEN closes the trades for a full 1% gain. i ran a few battery of trades to study and understand and it noticed it closes trade 5.5-5.6 pips due to my commissions with icmarkets. demo status...
Good on you to investigate the difference. I did however explain it to you in post 8792
  • #8,816
  • Jul 9, 2014 5:04am Jul 9, 2014 5:04am
Living where i am, get to see the charts from Sydney open till about now. Lately i wait all day till London open, then take very selective trades.
It takes a lot of discipline to look at charts for 10 hours an not place a trade!
Only 2 trades taken today. Both to TP. Quite happy, and will stop here. +2%

ExcessFX
Attached Image (click to enlarge)
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Learn from your mistakes until you succeed. It's that simple.
  • #8,817
  • Jul 9, 2014 5:05am Jul 9, 2014 5:05am
Quoting Udine
funny post.. http://www.fxww.com/hedge-funds-adap...-small-ranges/ Udine
I will send my CV now to banks

jeet
  • #8,818
  • Jul 9, 2014 5:06am Jul 9, 2014 5:06am
Quoting panamamike
{quote} Good on you to investigate the difference. I did however explain it to you in post 8792
oh sorry, I din't see your post; there is no spread amount in the ea, only commission settings for ecn brokers.

this was mostly implemented to adjust our breakeven settings.. i dint know it also affected tp/sl
  • #8,819
  • Jul 9, 2014 5:10am Jul 9, 2014 5:10am
Quoting yag
GJ to TP, +15 today...my first bonus day trade;-) i was very lucky, because the stop was 0.3 pips away but not triggered.
I was lucky too...

I think I was just 0.1 pips away Big Grin

Seeing that, I felt terrified so I'd better get the skill of keeping calm

i TPed manually from my iPad

gj +3.8 pips
My hope has been almost completely shattered, but not completely yet
  • #8,820
  • Jul 9, 2014 5:12am Jul 9, 2014 5:12am
Quoting ExcessFX
Living where i am, get to see the charts from Sydney open till about now. Lately i wait all day till London open, then take very selective trades. It takes a lot of discipline to look at charts for 10 hours an not place a trade! Only 2 trades taken today. Both to TP. Quite happy, and will stop here. +2% ExcessFX {image}

just keep doing this for the next 2 years and you will be a rich guy...

Udine
Sleep less, live fast, as it aint gonna last
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