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As simple as possible: 00 level trading

  • #12,101
  • Jul 21, 2014 7:07am Jul 21, 2014 7:07am
back from other work.

Now pending short EJ 136.900 and GJ 172.800

but PA seems to be being reversed; I might wanna cancel these orders and take a walk.
My hope has been almost completely shattered, but not completely yet
  • #12,102
  • Jul 21, 2014 7:08am Jul 21, 2014 7:08am
Quoting Udine
{quote} 0.01 lot = 5 pips 1 lot = 5 pips 5 lots = 5 pips... only the $ amount is different Udine
Wrong..

pip is difference between price A and price B.

Price A - 1.3550
Price B - 1.3555

It is 5 pips. It doesn't matter how many lots you have, pips between prices A and B doesn't change!!! What is changing is profit.

Quoting jmflukeiii
{quote} Oh yeah... the [Demo]TraderAtHome method of counting...
Yep it is Demo TraderAtHome counting system, all the SonicR system is full of this kind of nonsense pip counting.
  • #12,103
  • Jul 21, 2014 7:08am Jul 21, 2014 7:08am
GU +5 TP
GJ +2 TS
Attached Image (click to enlarge)
Click to Enlarge Name: GU GJ.png Size: 65 KB
  • #12,104
  • Jul 21, 2014 7:08am Jul 21, 2014 7:08am
Quoting Masterrmind
Have a pending EJ short from 900 level but might delete it as EJ is not looking like going anywhere soon! EDIT: yes pending EJ deleted just doesn't look good at present. Masterrmind............
I am seeing both EJ and GJ go up.
If the both of them finish just North of the next 00-level I will take the ride down again (wishful thinking).
  • #12,105
  • Jul 21, 2014 7:09am Jul 21, 2014 7:09am
Quoting flx69
EJ and GJ to TP. 1 SL, 3 TPs and 1 TS. + 6 pips for the day. {image}
Hi,
Could you pls suggest a broker,who has so tiny spreads,like at your chart?
Thanks
Laszlo
  • #12,106
  • Jul 21, 2014 7:11am Jul 21, 2014 7:11am
Quoting tomx
{quote} Wrong.. pip is difference between price A and price B. Price A - 1.3550 Price B - 1.3555 It is 5 pips. It doesn't matter how many lots you have, pips between prices A and B doesn't change!!! What is changing is profit.
You might want to re-read UdineŽs post. ItŽs exactly what heŽs saying.

flx69
  • #12,107
  • Jul 21, 2014 7:12am Jul 21, 2014 7:12am
GJ 2xTP, 1 TS, EJ SL today.
  • #12,108
  • Jul 21, 2014 7:13am Jul 21, 2014 7:13am
Does anybody know if Wukar WB Trail considers the commission param at all?
Because of commission with my broker, all BE orders are closed with small loss. Changing Commission to 10.0 (this is the commission for lot 1.0 with my broker) doesn't help.
I'm using Wukar WB Trail 1.3.2e
  • #12,109
  • Jul 21, 2014 7:15am Jul 21, 2014 7:15am
Quoting flx69
{quote} I am seeing both EJ and GJ go up. If the both of them finish just North of the next 00-level I will take the ride down again (wishful thinking).
Not such a bad strategy flx69!

I think I'm done for the day anyway hope it works out in your favor.

Masterrmind...........
Master your Mind then Master your Trades
  • #12,110
  • Jul 21, 2014 7:16am Jul 21, 2014 7:16am
Quoting Selga
GJ 2xTP, 1 TS, EJ SL today.
Not bad at all for a day like today Selga !
More sniper mode
New opportunities in 45 min... (hopefully).
flx69
  • #12,111
  • Jul 21, 2014 7:17am Jul 21, 2014 7:17am
Quoting lacatrade
{quote} Hi, Could you pls suggest a broker,who has so tiny spreads,like at your chart? Thanks Laszlo
PM
  • #12,112
  • Edited 7:47am Jul 21, 2014 7:18am | Edited 7:47am
3rd trade of the day,
EU TS hit -0.01%, +0.6pips
Attached Image (click to enlarge)
Click to Enlarge Name: WUKAR 0714-0003.png Size: 68 KB


Today total: 0.53% [1TP 2TS] (I currently aiming 1% per day)
-AdrianC.
  • #12,113
  • Jul 21, 2014 7:19am Jul 21, 2014 7:19am
Quoting tomx
{quote} Wrong.. pip is difference between price A and price B. Price A - 1.3550 Price B - 1.3555 It is 5 pips. It doesn't matter how many lots you have, pips between prices A and B doesn't change!!! What is changing is profit. {quote} Yep it is Demo TraderAtHome counting system, all the SonicR system is full of this kind of nonsense pip counting.

you're telling me I am wrong??

I said the same as you...

Udine
Sleep less, live fast, as it aint gonna last
  • #12,114
  • Jul 21, 2014 7:20am Jul 21, 2014 7:20am
Quoting AdrianC
3rd trade of the day, EU TS hit -0.01%, +6pips {image} Today total: 0.53% [1TP 2TS] (I currently aiming 1% per day) -AdrianC.
Adrian,
Try and stay away from the EU pair. It has the lowest ADR of the 4 pairs...
Only if all else fails, IŽd look at EU.
EJ and GJ should normally give you enough opportunities to get to the daily 10 pip dosis.
flx69
  • #12,115
  • Jul 21, 2014 7:23am Jul 21, 2014 7:23am
Quoting flx69
{quote} Adrian, Try and stay away from the EU pair. It has the lowest ADR of the 4 pairs... Only if all else fails, IŽd look at EU. EJ and GJ should normally give you enough opportunities to get to the daily 10 pip dosis. flx69
Thanks for your info,
I just look at the chart, and if the pair give me convincing entry I just grab it.

-AdrianC.
  • #12,116
  • Jul 21, 2014 7:24am Jul 21, 2014 7:24am
Quoting Udine
{quote} you're telling me I am wrong?? I said the same as you... Udine
lol...
Small disciplines repeated with consistency lead to great achievements.
  • #12,117
  • Jul 21, 2014 7:24am Jul 21, 2014 7:24am
3rd hour of NY session and it seems to me the trend is rather weak.
I deleted my pending orders. I'll take a midnight walk and breath fresh air.
I worked long today so my condition is not very good. I need recover my patience.
If I had more energy, I would be in front of my PC and wait for EJ and GJ to do down.
See you guys tomorrow. Green pips to all!
My hope has been almost completely shattered, but not completely yet
  • #12,118
  • Jul 21, 2014 7:27am Jul 21, 2014 7:27am
Quoting cigarguy
{quote} Yes I agree. The indicator displays in units/lots same as 5 trades each with 5 pip gain. It really doesn't matter to me what the indicator shows, as you said; its the profit Regards, Cigarguy
Who Cares! the charts speak for them selves, level to level. OK, 5 pips x 5 lots, maybe that's better!

Regards,
Cigarguy
Keep It Simple
  • #12,119
  • Jul 21, 2014 7:28am Jul 21, 2014 7:28am
That's me done.

See you all tomorrow and stay profitable!

Masterrmind...........
Master your Mind then Master your Trades
  • #12,120
  • Jul 21, 2014 7:29am Jul 21, 2014 7:29am
See you tomorrow guys. Have a good night.
Hopefully more trends tomorrow !
flx69
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