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As simple as possible: 00 level trading

  • #13,521
  • Jul 25, 2014 7:46am Jul 25, 2014 7:46am
Quoting flx69
{quote} You´re right, I was asking myself the same question. Maybe because of the 7 value in the commissions part ? flx69
i had also the same difficulties in my first week.

my solution is: after +3.5 pips i move to BE (that means i will lose -0.7 pips)

and with every profit on paper my TS will rise ( +3.6 pips -0.6 pips, +3.9 pips, -0.3 pips, etc...)

after +4.2 pips i am really BE with my TS...understand?
  • #13,522
  • Jul 25, 2014 7:47am Jul 25, 2014 7:47am
Quoting Jeffray
{quote} 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...
I haven´t got a clue as to why TS wasn´t triggered...
This chart clearly shows the high value.
I am using OOTB settings, the only thing I´ve changed is the commissions value (7).
Anybody ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 82 KB
  • #13,523
  • Jul 25, 2014 7:48am Jul 25, 2014 7:48am
Quoting Masterrmind
{quote} 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............
ok, respect for that...more experience is with you
  • #13,524
  • Jul 25, 2014 7:48am Jul 25, 2014 7:48am
Quoting Emmpoli
Good day mastermind, a pm sent your way. Pls reply at your convience. Thank you
Thanks will get to it as soon as I can

Masterrmind...........
Master your Mind then Master your Trades
  • #13,525
  • Jul 25, 2014 7:48am Jul 25, 2014 7:48am
Quoting flx69
Constructive criticism as to why (not) on GJ trade welcome flx69
By now I think that the most constructive thing we can do here is just start the holidays.. lol
Markets are moving only during some red news, il looks like the only way to profit is wait for the news to influence also the pairs that are not involved, and it is a risky thing as those are not trends but just fluctuations.
The more I stay in front of the charts and the less i like them.

Lrt
"Every battle is won before it's fought."
  • #13,526
  • Jul 25, 2014 7:52am Jul 25, 2014 7:52am
Quoting Masterrmind
{quote} 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............

One more question if I may. Could you tell us how you are able to rate momentum at 5 pips distance?
  • #13,527
  • Jul 25, 2014 7:53am Jul 25, 2014 7:53am
Quoting laud
{quote} One more question if I may. Could you tell us how you are able to rate momentum at 5 pips distance?
Most likely a combination of time in front of charts and practice, but primarily magic -
Small disciplines repeated with consistency lead to great achievements.
  • #13,528
  • Jul 25, 2014 7:53am Jul 25, 2014 7:53am
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...
Comes with a lot of experience that's true but anyone can learn that over time.

Masterrmind............
Master your Mind then Master your Trades
  • #13,529
  • Jul 25, 2014 7:55am Jul 25, 2014 7:55am
Quoting Lrt.Ita
{quote} By now I think that the most constructive thing we can do here is just start the holidays.. lol Markets are moving only during some red news, il looks like the only way to profit is wait for the news to influence also the pairs that are not involved, and it is a risky thing as those are not trends but just fluctuations. The more I stay in front of the charts and the less i like them. Lrt
Indeed the market moves the most during NY open only and most of the time due to RED news only ... btw what does WUKAR NEWS grey bar means ? red bar means dont trade grey mean ???
  • #13,530
  • Jul 25, 2014 7:58am Jul 25, 2014 7:58am
Quoting laud
{quote} One more question if I may. Could you tell us how you are able to rate momentum at 5 pips distance?
Experience is key......

Momentum by itself does not need to be rated I'm referring to new money into the market at NY Open (= momentum)

Masterrmind........
Master your Mind then Master your Trades
  • #13,531
  • Jul 25, 2014 8:00am Jul 25, 2014 8:00am
Quoting jasonhaw
{quote} Indeed the market moves the most during NY open only and most of the time due to RED news only ... btw what does WUKAR NEWS grey bar means ? red bar means dont trade grey mean ???
WUKAR NEWS grey bar? What? Where? I don't get it.
It is well explained in the thread what to do when there are red news.

Lrt
"Every battle is won before it's fought."
  • #13,532
  • Jul 25, 2014 8:01am Jul 25, 2014 8:01am
Who will be so brave to take a short on EJ .800?
I don't.

Lrt
"Every battle is won before it's fought."
  • #13,533
  • Jul 25, 2014 8:01am Jul 25, 2014 8:01am
Quoting jasonhaw
{quote} Indeed the market moves the most during NY open only and most of the time due to RED news only ... btw what does WUKAR NEWS grey bar means ? red bar means dont trade grey mean ???
GO READ THE DAMN THREAD!!!

ITS ALL IN HERE!!!

Last warning Bro, next time is ignore!!!

Udine
Sleep less, live fast, as it aint gonna last
  • #13,534
  • Jul 25, 2014 8:03am Jul 25, 2014 8:03am
Quoting Lrt.Ita
Who will be so brave to take a short on EJ .800? I don't. Lrt
sure! this is a clear trade! for me the second so far...
  • #13,535
  • Jul 25, 2014 8:03am Jul 25, 2014 8:03am
Quoting Lrt.Ita
Who will be so brave to take a short on EJ .800? I don't. Lrt
I won't be trading that one.

But I'm just about done for the day now.

If you take it I hope it works out for you.

Masterrmind............
Master your Mind then Master your Trades
  • #13,536
  • Jul 25, 2014 8:05am Jul 25, 2014 8:05am
Quoting Masterrmind
{quote} Experience is key...... Momentum by itself does not need to be rated I'm referring to new money into the market at NY Open (= momentum) Masterrmind........
Thanks for answer.
  • #13,537
  • Jul 25, 2014 8:07am Jul 25, 2014 8:07am
So everyone is eager to know about trend
I need experts comments on these
1. Should we spot it by following the previous candlesticks of equal size at least 8-10 pips in height and 3-4 in rows (uptrend or downtrend)??
  • #13,538
  • Jul 25, 2014 8:08am Jul 25, 2014 8:08am
Quoting Masterrmind
{quote} I won't be trading that one. But I'm just about done for the day now. If you take it I hope it works out for you. Masterrmind............
I wont, as EJ reached that level only because it was in sync with EU during the red news, and now EU is under RgL.
Don't like it at all .

Lrt
"Every battle is won before it's fought."
  • #13,539
  • Jul 25, 2014 8:10am Jul 25, 2014 8:10am
Quoting Lrt.Ita
{quote} I wont, as EJ reached that level only because it was in sync with EU during the red news, and now EU is under RgL. Don't like it at all . Lrt
good argument...so one reason NOT to take the trade
  • #13,540
  • Jul 25, 2014 8:16am Jul 25, 2014 8:16am
Quoting Lrt.Ita
{quote} I wont, as EJ reached that level only because it was in sync with EU during the red news, and now EU is under RgL. Don't like it at all . Lrt
Correct!

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