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As simple as possible: 00 level trading

  • #15,301
  • Aug 5, 2014 5:39pm Aug 5, 2014 5:39pm
Quoting Nidolap
{quote} Speaking about spreads and comissions this could be a starting point for Broker choosing : http://www.myfxbook.com/forex-broker-spreads
Hi,

Thank you very kindly.

It is a great help in my search for a suitable and affordable broker for Scalping.

Best regards.
  • #15,302
  • Aug 5, 2014 5:55pm Aug 5, 2014 5:55pm
Quoting leonlee0116
Hi everyone. Trade on 15M or H1 chart got any different?
Not quantity but quality. Smaller tf tend to false signal! I'm sure you wil not take same trades as on m15. Try it!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,303
  • Aug 5, 2014 8:26pm Aug 5, 2014 8:26pm
Quoting JibalaPasan
{quote} Not quantity but quality. Smaller tf tend to false signal! I'm sure you wil not take same trades as on m15. Try it! Jibala
OK Today I'm gonna to try trade on H1 chart
  • #15,304
  • Aug 5, 2014 8:26pm Aug 5, 2014 8:26pm
Quoting tonyTD
{quote} I am new to this system as well and still learning this new method, however i was price action trader for the past couple of years and i see candlestick patterns and more all the time and i used to mess with trades and lose money. What really improved my trading is that I set the pending order and leave. I go do something else and come back after one hour to see the result, cancel or put a new pending order. Avoid staying in front of the pc and mess up what can be a profitable trade. Also experienced traders like the ones you mentioned may...
I'm in exactly the same situation.....
Good luck!
  • #15,305
  • Aug 5, 2014 8:34pm Aug 5, 2014 8:34pm
No setup after Tokyo open
I'm looking at EJ GJ EA GA.
  • #15,306
  • Aug 5, 2014 9:05pm Aug 5, 2014 9:05pm
Quoting leonlee0116
{quote} OK Today I'm gonna to try trade on H1 chart
But you also have to adjust the m-candles indicator so will have 4 x h1 candles per block!

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.08.06_10h01m09s_007_Custom Indicator - M-Candles.png Size: 26 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,307
  • Aug 5, 2014 9:12pm Aug 5, 2014 9:12pm
Quoting JibalaPasan
{quote} But you also have to adjust the m-candles indicator so will have 4 x h1 candles per block! {image} Jibala
Ok but why I need to see H4 candle?
  • #15,308
  • Aug 5, 2014 9:15pm Aug 5, 2014 9:15pm
I spotted an entry for GU @ .6870
But I dint take this trade. So this is a correct entry or not?
Attached Image
  • #15,309
  • Aug 5, 2014 9:47pm Aug 5, 2014 9:47pm
Quoting leonlee0116
I spotted an entry for GU @ .6870 But I dint take this trade. So this is a correct entry or not? {image}
In my opinion, this is by the rules.
But you usually don't expect movement in USD pairs for the Asian session. So might be a risky trade.
  • #15,310
  • Aug 5, 2014 9:53pm Aug 5, 2014 9:53pm
If you stick to the rules it would be a valid entry. But I'd never taken! Look at the chart and guess why? Additional the strength of both pairs is almost equal, you need a long breath and might be not enough to TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.08.06_10h46m31s_008_.png Size: 22 KB


Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,311
  • Aug 5, 2014 10:13pm Aug 5, 2014 10:13pm
Quoting JibalaPasan
If you stick to the rules it would be a valid entry. But I'd never taken! Look at the chart and guess why? Additional the strength of both pairs is almost equal, you need a long breath and might be not enough to TP. {image} Jibala
Oic
Why your open is 6863??
  • #15,312
  • Aug 5, 2014 10:14pm Aug 5, 2014 10:14pm
Quoting whitetrading
{quote} In my opinion, this is by the rules. But you usually don't expect movement in USD pairs for the Asian session. So might be a risky trade.
Ok I got it!
  • #15,313
  • Aug 5, 2014 10:25pm Aug 5, 2014 10:25pm
Quoting leonlee0116
{quote} Oic Why your open is 6863??
I did not adjust the DO Line indicator or any other. It's the open I get from Broker. New d1 candle at 12 pm.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,314
  • Aug 5, 2014 10:28pm Aug 5, 2014 10:28pm
Quoting JibalaPasan
{quote} I did not adjust the DO Line indicator or any other. It's the open I get from Broker. New d1 candle at 12 pm. Jibala
So it should be 6 isnt it?
  • #15,315
  • Aug 5, 2014 10:42pm Aug 5, 2014 10:42pm
Quoting leonlee0116
{quote} So it should be 6 isnt it?
Broker is 12 am, mine is 12 pm. I'm living GMT /UTC +8

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,316
  • Aug 5, 2014 11:11pm Aug 5, 2014 11:11pm
Quoting leonlee0116
No setup after Tokyo open I'm looking at EJ GJ EA GA.

Leon,

play during Asia the pairs: AUD/JPY/NZD

Today:

Long EN @ 1.58500 to TP +5 pips

Short NJ @ 86.500 to TP + 5 pips

Long EA @ 1.43800 to TS +1.1 pips

Short NU @ 0.84300 to TS +0.8 pips

Done till LO

MickW
  • #15,317
  • Aug 5, 2014 11:30pm Aug 5, 2014 11:30pm
Quoting MickW
{quote} Leon, play during Asia the pairs: AUD/JPY/NZD Today: Long EN @ 1.58500 to TP +5 pips Short NJ @ 86.500 to TP + 5 pips Long EA @ 1.43800 to TS +1.1 pips Short NU @ 0.84300 to TS +0.8 pips Done till LO MickW
Ok thanks for the imformation!
Missed an entry of GA @1.8140.
  • #15,318
  • Aug 6, 2014 12:19am Aug 6, 2014 12:19am
Trade 1

GA TP

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-06 00_18_35-GBPAUD,H1.png Size: 50 KB
  • #15,319
  • Aug 6, 2014 12:19am Aug 6, 2014 12:19am
GBPAUD TP
Attached Image

It is beautiful when you get it right.
The problem is not giving offence but taking offence!
  • #15,320
  • Aug 6, 2014 12:20am Aug 6, 2014 12:20am
Quoting panamamike
Trade 1 GA TP {image}
SNAP!
The problem is not giving offence but taking offence!
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