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As simple as possible: 00 level trading

  • #14,721
  • Jul 31, 2014 3:51am Jul 31, 2014 3:51am
Quoting Udine
Nice to see the Aussies are well represented in the thread.. Udine
Hi Udine

Thank you for making us Aussies feel welcome

I was working during the LO so missed all the action. Congratulations to all those who made green pips .

Looking forward to being more involved and hopefully expanding the trading opportunities on the Asian session

Kind regards Rapple
  • #14,722
  • Jul 31, 2014 3:51am Jul 31, 2014 3:51am
Quoting Carpathian
{quote} Good morning, Thank you for your answers!

your welcome

Udine
Sleep less, live fast, as it aint gonna last
  • #14,723
  • Jul 31, 2014 3:54am Jul 31, 2014 3:54am
Gbpjpy tp +5
gbpusd tp +5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_GBPUSDM15_20140731TP.PNG Size: 61 KB
The problem is not giving offence but taking offence!
  • #14,724
  • Jul 31, 2014 3:59am Jul 31, 2014 3:59am
Quoting ChrisGC
Gbpjpy tp +5 gbpusd tp +5 {image}

well done, although your GJ trade was NOt the first 00 level

Udine
Sleep less, live fast, as it aint gonna last
  • #14,725
  • Jul 31, 2014 4:05am Jul 31, 2014 4:05am
GU sell @ 1.68800 -> TS
  • #14,726
  • Jul 31, 2014 4:06am Jul 31, 2014 4:06am
Quoting Lrt.Ita
I'll stay out next hour also on the pairs that shouldn't be influenced by the news, i want it less risky as possible. Lrt
me too.
And possible pullback of GJ.
  • #14,727
  • Jul 31, 2014 4:12am Jul 31, 2014 4:12am
GBPUSD bonus2 5 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD bonu2 50p.PNG Size: 68 KB
Donde hay Patron no manda Marinero
  • #14,728
  • Jul 31, 2014 4:15am Jul 31, 2014 4:15am
Quoting Udine
{quote} well done, although your GJ trade was NOt the first 00 level Udine
Question, Master!
I did the same trade on GJ. You mean that it first moved to 173,800 and than went back to 173,700? So its aganist the "first cross" rule? Thanks!
  • #14,729
  • Edited 4:33am Jul 31, 2014 4:15am | Edited 4:33am
GJ out by TS think i have something wrong set on it (after adding the commision i ended up on the losing side ) but a + on experience
  • #14,730
  • Jul 31, 2014 4:16am Jul 31, 2014 4:16am
GJ out by TS

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #14,731
  • Jul 31, 2014 4:16am Jul 31, 2014 4:16am
Quoting Patron
GBPUSD bonus2 5 pips {image}
GBPJPY bonus3 tp5
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY bonus3 tp5.PNG Size: 73 KB
Donde hay Patron no manda Marinero
  • #14,732
  • Jul 31, 2014 4:17am Jul 31, 2014 4:17am
GBPJPY BE and then it dropped like a stone
Attached Image
The problem is not giving offence but taking offence!
  • #14,733
  • Jul 31, 2014 4:19am Jul 31, 2014 4:19am
GU GJ both BE and TP trade this morning.
Done for the day!

Patron, GU trade was BE for me, look:
Attached Image
Persistence will get it. Consistency will keep it.
  • #14,734
  • Jul 31, 2014 4:21am Jul 31, 2014 4:21am
Quoting Patron
{quote} GBPJPY bonus3 tp5 {image}
I have to clarify that I do not use trailing stop for GBPUSD and GBPJPY, when there is a lot of volatility. I watch manually.
And this does not violate any rules.
Donde hay Patron no manda Marinero
  • #14,735
  • Jul 31, 2014 4:24am Jul 31, 2014 4:24am
Quoting Patron
{quote} I have to clarify that I do not use trailing stop for GBPUSD and GBPJPY, when there is a lot of volatility. I watch manually.
Btw I never use TS!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #14,736
  • Jul 31, 2014 4:28am Jul 31, 2014 4:28am
Quoting JibalaPasan
{quote} Btw I never use TS! Jibala
I realized I missed some clear chances. First I changed the parameters of the EA. But then I removed the trailing only for GBPJPY, and eventually did the same with GBPUSD.
Donde hay Patron no manda Marinero
  • #14,737
  • Jul 31, 2014 4:31am Jul 31, 2014 4:31am
Quoting Patron
{quote} I realized I missed some clear chances. First I changed the parameters of the EA. But then I remove d the trailing only for GBPJPY, and eventually did the same with GBPUSD.

I use the TS always..

My first rule is Capital preservation

my second rule is not to forget the first rule...

in plenty occasions, the TS saved me from turning a BE trade into a loser, so I dont mind a BE trade at all...

for me a BE trade is good, as I did not lose, while risking my money.. and there will be plenty winners in the future..

Udine
Sleep less, live fast, as it aint gonna last
  • #14,738
  • Jul 31, 2014 4:39am Jul 31, 2014 4:39am
Udine how would i be able to set up the daily open line on MT4,
  • #14,739
  • Jul 31, 2014 4:44am Jul 31, 2014 4:44am
Quoting Udine
{quote} I use the TS always.. My first rule is Capital preservation my second rule is not to forget the first rule... in plenty occasions, the TS saved me from turning a BE trade into a loser, so I dont mind a BE trade at all... for me a BE trade is good, as I did not lose, while risking my money.. and there will be plenty winners in the future.. Udine
Yes, it's safer.
But I want readers to know that although I did not use the trailing always, when I do, it is knowingly, and I watch very closely what happens in the chart.

Well done to counteract my post.
Donde hay Patron no manda Marinero
  • #14,740
  • Jul 31, 2014 4:44am Jul 31, 2014 4:44am
Quoting Udine
{quote} I use the TS always.. My first rule is Capital preservation my second rule is not to forget the first rule... in plenty occasions, the TS saved me from turning a BE trade into a loser, so I dont mind a BE trade at all... for me a BE trade is good, as I did not lose, while risking my money.. and there will be plenty winners in the future.. Udine
Hi Udine,

if the commission is 0.7pip, i should change the BE level to 0.7?

cheers

PH
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