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As simple as possible: 00 level trading

  • #13,761
  • Jul 28, 2014 3:06am Jul 28, 2014 3:06am
Quoting Uluwatu
{quote} Slippage at entry
Oh, slippage!
Looks like no slippage at entry, but at exit, I guess.
  • #13,762
  • Jul 28, 2014 3:07am Jul 28, 2014 3:07am
Quoting ravitelang
Not the good start for me.. GJ to SL {image}

Did you place a pending order at 173.000 ?
What was your fill ?
Looks as if your order was filled at 173.050, when most people had TP already...
  • #13,763
  • Jul 28, 2014 3:09am Jul 28, 2014 3:09am
Quoting Udine
{quote} wrong entry... you entered at the 50 level the entry was the 000 level and the 50 level would have been your TP Udine

let's change the head line to 50.. we all enter from there.. lol
Passion, Persist, Patience, Protect
  • #13,764
  • Jul 28, 2014 3:11am Jul 28, 2014 3:11am
no entry at the beginning of this hour. see you at NYO!
My hope has been almost completely shattered, but not completely yet
  • #13,765
  • Jul 28, 2014 3:12am Jul 28, 2014 3:12am
Pending on GJ .000 again this hour..

Lrt
"Every battle is won before it's fought."
  • #13,766
  • Jul 28, 2014 3:14am Jul 28, 2014 3:14am
Quoting easygoing
no entry at the beginning of this hour. see you at NYO!

easy.. in this method you make your bones in London..
just a humble advice..
Passion, Persist, Patience, Protect
  • #13,767
  • Jul 28, 2014 3:15am Jul 28, 2014 3:15am
Quoting Lrt.Ita
Pending on GJ .000 again this hour.. Lrt
me too lrt..

let's get'emmmmm
Passion, Persist, Patience, Protect
  • #13,768
  • Jul 28, 2014 3:15am Jul 28, 2014 3:15am
Quoting Lrt.Ita
Pending on GJ .000 again this hour.. Lrt
Hello LRT,
GU came under DO and GJ was rejected by .000 twice in the past 2 H. That makes it a riskier setup this H than the previous.
Of course only my 2c as always...
  • #13,769
  • Jul 28, 2014 3:16am Jul 28, 2014 3:16am
Quoting sada69
{quote} Oh, slippage! Looks like no slippage at entry, but at exit, I guess.
From your chart posted the blue arrow is above 173.00. your entry price should be around 173.06. I used to have this problem. Anyway it is profit !

Cheers
  • #13,770
  • Jul 28, 2014 3:16am Jul 28, 2014 3:16am
Quoting ravitelang
{quote} Excellent..you saved me Thanks
In addition to the 900 level rule, the was a trend-line up, so a long at that level is risky in my opinion. take a look at the chart below to understand better. Best of luck to you all today.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.png Size: 123 KB
  • #13,771
  • Jul 28, 2014 3:20am Jul 28, 2014 3:20am
Quoting Carpathian
{quote} Hello LRT, GU came under DO and GJ was rejected by .000 twice in the past 2 H. That makes it a riskier setup this H than the previous. Of course only my 2c as always...

I disagree carp..

simply put, it's not a proven brick wall yet.. young and ready to burst still, lol..

but overall gj has been in a constipated mood in the 2nd half of previous week and still might carry on.
Passion, Persist, Patience, Protect
  • #13,772
  • Jul 28, 2014 3:21am Jul 28, 2014 3:21am
Quoting Emmpoli
{quote} In addition to the 900 level rule, the was a trend-line up, so a long at that level is risky in my opinion. take a look at the chart below to understand better. Best of luck to you all today. {image}

if you want to use trendlines please go ahead, but not in the thread please....

i dont want to start a discussion about threndlines..

thx in adnvance

Udine
Sleep less, live fast, as it aint gonna last
  • #13,773
  • Jul 28, 2014 3:25am Jul 28, 2014 3:25am
Quoting FXEmpire
{quote} me too lrt.. let's get'emmmmm
me three !
  • #13,774
  • Jul 28, 2014 3:27am Jul 28, 2014 3:27am
Quoting Carpathian
{quote} Hello LRT, GU came under DO and GJ was rejected by .000 twice in the past 2 H. That makes it a riskier setup this H than the previous. Of course only my 2c as always...
Appreciated.
You are right, but I don't see a real trend since the second week of the month, aside from news peaks..
It's a continuous touch-retrace at almost every level.
Last hour I made your same consideration and i put a SL @BE as price reached FFO high, and it got triggered before reaching TP.
Risk is higher than it should be, in every operation, so to be profitable here we must accept to risk more than we normally do.
I'm trading only because I'm in demo, if those were real money i would be on holidays since 2 weeks ago .

Lrt
"Every battle is won before it's fought."
  • #13,775
  • Jul 28, 2014 3:29am Jul 28, 2014 3:29am
Quoting FXEmpire
.......simply put, it's not a proven brick wall yet.. young and ready to burst still, lol.. but overall gj has been in a constipated mood in the 2nd half of previous week and still might carry on.
Yeah it isn't... this is just my view of this hour, I mean I wont take it again this hour however uppy it looks.
  • #13,776
  • Jul 28, 2014 3:29am Jul 28, 2014 3:29am
Quoting Carpathian
{quote} Hello LRT, GU came under DO and GJ was rejected by .000 twice in the past 2 H. That makes it a riskier setup this H than the previous. Of course only my 2c as always...
Agreed....no pending for me there this hour.

everything sort of slopping around....typical news-less Monday. back to my book.....
  • #13,777
  • Jul 28, 2014 3:29am Jul 28, 2014 3:29am
Quoting FXEmpire
{quote} easy.. in this method you make your bones in London.. just a humble advice..
Thx FXE. I agree, but now I'm in a taxi. I used to trade in transportation; these days I make it a rule to trade at home to focus. next year I hope I trade almost full time!
My hope has been almost completely shattered, but not completely yet
  • #13,778
  • Jul 28, 2014 3:30am Jul 28, 2014 3:30am
Quoting sada69
Hi, everyone! GJ TP +4.4 I don't know why, but made only 4.4 pips with WUKAR_WB_Trail_v1_3_2e. {image}
If you mean 4.4 before any commission, it could be because with a hidden TP, the EA enters a market order when conditions are met and the next available Buyer could have been 6 points below.
  • #13,779
  • Jul 28, 2014 3:32am Jul 28, 2014 3:32am
Quoting Udine
{quote} if you want to use trendlines please go ahead, but not in the thread please.... i dont want to start a discussion about threndlines.. thx in adnvance Udine
i understand the rules perfectly well and i am by no means trying to derail your thread. I only wanted to show him something i.e to pay a little more attention. That's all and nothing more. u wont see any chart posted by me again with trend lines attached. That said, your method is awesome and it fits my personality, so a big thanks to you for the method and mastermind for helping me understand it better and not getting angry when i ask him some silly questions.
  • #13,780
  • Jul 28, 2014 3:32am Jul 28, 2014 3:32am
Quoting Hong Long
{quote} Within any given hour, e.g. 9:00 to 10:00, only trade the first break of a 00 level. EXAMPLE If a currency broke upwards through 136.800 between 9:00 to 10:00, but later also broke upwards through 136.900 in the same hour: only 136.800 is traded (the first break of a 00 level within this hour) 136.900 is not traded anymore that hour (because it is the second break of a 00 level within this hour). Also note that only one trade is allowed to occur per hour per currency pair.
Thank you Hong Long. This is clear to me now
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