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As simple as possible: 00 level trading

  • #13,501
  • Jul 25, 2014 7:24am Jul 25, 2014 7:24am
Quoting Masterrmind
Bonus Trade #7 EJ +5 TP {image} Masterrmind..........
Just out of curiosity, why did you took position on this strong support level, BRN and near DO?

Lrt
"Every battle is won before it's fought."
  • #13,502
  • Jul 25, 2014 7:27am Jul 25, 2014 7:27am
& lost Trade #2
GJ<SL-10
Attached Image
  • #13,503
  • Jul 25, 2014 7:29am Jul 25, 2014 7:29am
Quoting jmflukeiii
{quote} Doesn't Sonic's pip-falsifier indi count trades in terms of micro-lots (.01)? So when you trade 5 micro lots for 1 pip, it will register as +5. If you trade 1 full lot for 1 pip, it will register as +100 pips. Maybe there is some sort of error in translation here as to what he thinks is a full lot...
jmflukeiii,

You are correct about the indicator but it depends on what account size you have and It can be adjusted to your own account; ie., micro, mini or standard. It's not really important, as I said before. I only use to show the current pips profit/loss in real time. I apologize that it caused so much debate and confusion and will not post it in the future. I only use for a live reference on P & L. A pip is a pip!

PEACE and back to trading!

Regards and Many Pips!
Cigarguy
Keep It Simple
  • #13,504
  • Edited 7:47am Jul 25, 2014 7:31am | Edited 7:47am
Quoting Callum
{quote} if you don't mind MM, why trade that level then and not the other 4 or 5 times that price touched the level since london open... just trying to learn, other trades like this that have failed often people are posting look left... looking left there id be thinking it failed 5 times before...
Most likely not in a hurry to trade.

Already was technically done for the day coming out of the Asian session as stated in previous posts.

But waited for NY which I believe I said in a post to Udine (or another trader) because I like the general initial thrust of price in this session and being in a profitable mood why not trade NY (more chance for a successful trade at an open than at any other time except news that is which of course we avoid it in this stategy)

Masterrmind...........
Master your Mind then Master your Trades
  • #13,505
  • Jul 25, 2014 7:31am Jul 25, 2014 7:31am
Good day mastermind, a pm sent your way. Pls reply at your convience. Thank you
  • #13,506
  • Jul 25, 2014 7:31am Jul 25, 2014 7:31am
GJ to SL.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #13,507
  • Jul 25, 2014 7:35am Jul 25, 2014 7:35am
Quoting flx69
GJ to SL. {image}
We were thinking in the same way but market doesn't
  • #13,508
  • Jul 25, 2014 7:37am Jul 25, 2014 7:37am
Constructive criticism as to why (not) on GJ trade welcome

flx69
  • #13,509
  • Jul 25, 2014 7:37am Jul 25, 2014 7:37am
I'm out for the week guys. I dont trade Friday arvo's. Just stayed to see the USD news.
Down 7% (compounded) this week mostly due to trading Monday and Wednesday when I should have stayed out.

Good luck guys.
Have a good weekend one and all.
See you Monday.
  • #13,510
  • Jul 25, 2014 7:38am Jul 25, 2014 7:38am
Quoting Masterrmind
{quote} Most likely not in a hurry to trade. Already was technically done for the day coming out of the Asian session as stated in previous posts. But waited for NY which I believe I said in a post to Udine because I like the general thrust of price in this session and being in a profitable mood why not trade NY (more chance for a successful trade at an open than at any other time except news that is which of course we avoid it in this stategy) Masterrmind...........
Maybe I should also take offense at london a try to like NY more

You are the luckiest trader I've seen. My respect

laud
  • #13,511
  • Jul 25, 2014 7:38am Jul 25, 2014 7:38am
Quoting flx69
GJ to SL. {image}
SL?
you had on your chart a high of 173.142...at least higher than .135

why did your TS not work?
  • #13,512
  • Jul 25, 2014 7:39am Jul 25, 2014 7:39am
Quoting flx69
GJ to SL. {image}
Why no TS?Iam currently not at my screen, but on your picture it looks like price made it close to the TP, so after 3.5 pip SL should be at BE...
  • #13,513
  • Jul 25, 2014 7:40am Jul 25, 2014 7:40am
Quoting ravitelang
So after very much patience Trade #1 EU>TP+5 {image}
clear against the rules of udine`s thread!
  • #13,514
  • Jul 25, 2014 7:40am Jul 25, 2014 7:40am
Quoting yag
{quote} SL? you had on your chart a high of 173.142...at least higher than .135 why did your TS not work?
You´re right, I was asking myself the same question.
Maybe because of the 7 value in the commissions part ?

flx69
  • #13,515
  • Jul 25, 2014 7:41am Jul 25, 2014 7:41am
can anyone tell me in layman terms what does this piece of news means ?USD Durable Goods Orders (JUN) +0.7% vs 0.5% exp, from -1.0%; Cap Goods Orders Nondef ex Air +1.4% vs +0.5% exp, from -1.2% (m/m)
  • #13,516
  • Jul 25, 2014 7:42am Jul 25, 2014 7:42am
Quoting Masterrmind
{quote} Most likely not in a hurry to trade. Already was technically done for the day coming out of the Asian session as stated in previous posts. But waited for NY which I believe I said in a post to Udine because I like the general thrust of price in this session and being in a profitable mood why not trade NY (more chance for a successful trade at an open than at any other time except news that is which of course we avoid it in this stategy) Masterrmind...........
thanks MM, waiting for the open makes sense... still a gutsy trade, but I guess thats what BCC gives you over time...
  • #13,517
  • Jul 25, 2014 7:43am Jul 25, 2014 7:43am
Quoting yag
{quote} again i think risky trade...but profit
I totally disagree in this case.

Very safe and effective trade based on PA momentum away from the DO with no sign of PA crossing above the DO.

I loved what I saw on the chart and at NY open it was reasonably certain to have enough momentum behind it to crack the 5 little pips that I take from the market on each trade.

Masterrmind............
Master your Mind then Master your Trades
  • #13,518
  • Jul 25, 2014 7:44am Jul 25, 2014 7:44am
Quoting Callum
{quote} thanks MM, waiting for the open makes sense... still a gutsy trade, but I guess thats what BCC gives you over time...
Read post #13522 that might help you more.

Masterrmind...........
Master your Mind then Master your Trades
  • #13,519
  • Jul 25, 2014 7:44am Jul 25, 2014 7:44am
Quoting flx69
Constructive criticism as to why (not) on GJ trade welcome flx69
I think USD red news has spoiled the trend
  • #13,520
  • Jul 25, 2014 7:45am Jul 25, 2014 7:45am
Quoting jasonhaw
can anyone tell me in layman terms what does this piece of news means ?USD Durable Goods Orders (JUN) +0.7% vs 0.5% exp, from -1.0%; Cap Goods Orders Nondef ex Air +1.4% vs +0.5% exp, from -1.2% (m/m)

click the folder in the FF calendar and you can read all about it

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