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As simple as possible: 00 level trading

  • #15,061
  • Aug 4, 2014 5:23am Aug 4, 2014 5:23am
Quoting cigarguy
{quote} acertastem Well, the EU MM's been ranging PA between .34300 and .34200 if BO above DO 1st target could be .34400 last high only time we'll tell with this sleepy mkt! though sidelines for me right now. NYO will probably show the way..... Cigarguy
What is MM's?
  • #15,062
  • Aug 4, 2014 5:25am Aug 4, 2014 5:25am
Quoting acertaste
{quote} What is MM's?
Market Makers!

Cigarguy
Keep It Simple
  • #15,063
  • Aug 4, 2014 5:25am Aug 4, 2014 5:25am
I'm long EURJPY level @800
  • #15,064
  • Aug 4, 2014 5:27am Aug 4, 2014 5:27am
Quoting cigarguy
{quote} Market Makers! Cigarguy
My broker is ECN, not Market Maker.
  • #15,065
  • Aug 4, 2014 5:32am Aug 4, 2014 5:32am
Quoting acertaste
{quote} My broker is ECN, not Market Maker.
ECN = Electronic communications networks (ECNs) to provide its clients direct access to other participants in the currency markets. Because an ECN broker consolidates price quotations from several market participants, it can generally offer its clients tighter bid/ask spreads than would be otherwise available to them.

Market Makers = A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.


Cigarguy
Keep It Simple
  • #15,066
  • Aug 4, 2014 5:35am Aug 4, 2014 5:35am
Sold GBP/AUD @ 1.80600 +5

Because I am bored and waiting on a proc of my main strategy so I try this for a moment =).
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  • #15,067
  • Aug 4, 2014 5:40am Aug 4, 2014 5:40am
Ok guys so far today
AU > SL
GJ > SL
EJ Closed manually at -3 pips as i cannot risk another SL

Done for today and perhaps August
  • #15,068
  • Aug 4, 2014 5:44am Aug 4, 2014 5:44am
NICE arrows JY well done
Whats That? you're trading What?
  • #15,069
  • Aug 4, 2014 5:45am Aug 4, 2014 5:45am
Quoting cigarguy
{quote} ECN = Electronic communications networks (ECNs) to provide its clients direct access to other participants in the currency markets. Because an ECN broker consolidates price quotations from several market participants, it can generally offer its clients tighter bid/ask spreads than would be otherwise available to them. Market Makers = A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by...
? That is google. I do not understand what do you want to say me.
  • #15,070
  • Aug 4, 2014 5:46am Aug 4, 2014 5:46am
Quoting Qed
NICE arrows JY well done
;p;p;p

Positions don't show up D=
  • #15,071
  • Aug 4, 2014 5:49am Aug 4, 2014 5:49am
JUST my 2bobs worth ,,, I dont do curriencies ... but WHERE is the trend on AUDUSD just IMO if ur gonna play with EA's there has to be a trend ...maybe I know nothing .... cheersQ
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Click to Enlarge Name: aud.jpg Size: 141 KB
Whats That? you're trading What?
  • #15,072
  • Aug 4, 2014 5:50am Aug 4, 2014 5:50am
Quoting acertaste
{quote} ? That is google. I do not understand what do you want to say me.
Yep it's just definition telling difference. Orders are handled through a ECN for proficient order control and MM's aka Banks, Big Money, trade and run PA where they want. We want to trade in the direction/trend with the MM's using this level trading system for entries not against them.

Cigarguy
Keep It Simple
  • #15,073
  • Aug 4, 2014 5:50am Aug 4, 2014 5:50am
Hi, pls i am a bit confused. I noticed that there is no USD in the calandar of FOREXFACTORY this week and subsequent weeks. what could be the problem?
  • #15,074
  • Aug 4, 2014 5:53am Aug 4, 2014 5:53am
Quoting Jysticim
{quote} ;p;p;p Positions don't show up D=

1. you can drag the trade onto the chart from your account history
2. trading out of boredom is dangerous

Udine
Sleep less, live fast, as it aint gonna last
  • #15,075
  • Aug 4, 2014 5:54am Aug 4, 2014 5:54am
Boredom =Donation ........
Whats That? you're trading What?
  • #15,076
  • Aug 4, 2014 5:57am Aug 4, 2014 5:57am
Sold GBP/AUD @ 1.80600 +5

I know went against the rule of 1 trade an hour but turned out to be good.

Edit: Read you post to late but thanks Udine!
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  • #15,077
  • Aug 4, 2014 5:58am Aug 4, 2014 5:58am
Quoting Qed
Boredom =Donation ........
Oh Yeah...... it sure sounds like it!

Masterrmind...........
Master your Mind then Master your Trades
  • #15,078
  • Aug 4, 2014 6:01am Aug 4, 2014 6:01am
Quoting Qed
JUST my 2bobs worth ,,, I dont do curriencies ... but WHERE is the trend on AUDUSD just IMO if ur gonna play with EA's there has to be a trend ...maybe I know nothing .... cheersQ {image}

Truly you no nothing.
  • #15,079
  • Aug 4, 2014 6:02am Aug 4, 2014 6:02am
GBPJPY TS - Just enough to get me in but then ...
Attached Image
The problem is not giving offence but taking offence!
  • #15,080
  • Aug 4, 2014 6:04am Aug 4, 2014 6:04am
Quoting ChrisGC
GBPJPY TS - Just enough to get me in but then ... {image}
The pairs are not sync and there is not trend!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
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