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As simple as possible: 00 level trading

  • #15,481
  • Aug 6, 2014 11:48pm Aug 6, 2014 11:48pm
Quoting clementchee
{quote} I am facing the same problem as yours. I believe it is gecause of the spread. Your broker probably has 10 pips for GJ. Mine has 7 pips. This won't allow us to place pending orders at 00 levels. It will trigger the order 10 pips before the intended price. In addition, it won't let you set TP lesser than 10 pips and 7 pips for my case. If anyone of you has a solution to this, I'd love to hear from you too. The only solution now is to chanfe a broker with low spreads for those pairs.
10 Pips and 7 pips on GJ is not a broker. It is a thief!
  • #15,482
  • Aug 7, 2014 12:11am Aug 7, 2014 12:11am
GJ +5
(I missed EJ, UJ)
Attached Image (click to enlarge)
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My hope has been almost completely shattered, but not completely yet
  • #15,483
  • Aug 7, 2014 12:12am Aug 7, 2014 12:12am
Trade #1

NZDUSD +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB


Trade #2

NZDCAD +5 TP

Attached Image (click to enlarge)
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Comment: Done for the day!

Masterrmind............
Master your Mind then Master your Trades
  • #15,484
  • Aug 7, 2014 12:15am Aug 7, 2014 12:15am
Dear forum

Is it possible to change the Daily Open time on the UFX TREND multiMeter? The default is the brokers 0 hour.

Kind regards Rapple
  • #15,485
  • Aug 7, 2014 12:16am Aug 7, 2014 12:16am
GJ+5

EJ is against rule no-6

UJ still in trade.
Attached Image (click to enlarge)
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  • #15,486
  • Aug 7, 2014 12:23am Aug 7, 2014 12:23am
UJ +5 done for today.

already made 15 pips from AUD news.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1 7.8.14_2.png Size: 56 KB
  • #15,487
  • Aug 7, 2014 12:28am Aug 7, 2014 12:28am
Mastermind,

Do you have a preferred time to trade? Asian session is pretty quiet now and suddenly a large candle...
  • #15,488
  • Aug 7, 2014 1:14am Aug 7, 2014 1:14am
Quoting Pipotron
Mastermind, Do you have a preferred time to trade? Asian session is pretty quiet now and suddenly a large candle...
Mostly it depends on my availability to trade and if I was attending to other matters.

When the Asian session is quiet I simply move to other sessions and analyse the charts as they are presented.

If I like the trade because it ticks all the boxes for me then I trade it! If not I simply pass and move on to the next potential setup.

If you wanted to "simply" add the 2%/trading day to your account then you can be very selective when you trade since the opportunities are usually waiting there for you. You only need to find the best ones and trade only them!

Good Trading !

Masterrmind............
Master your Mind then Master your Trades
  • #15,489
  • Aug 7, 2014 1:30am Aug 7, 2014 1:30am
Quoting Masterrmind
{quote} Mostly it depends on my availability to trade and if I was attending to other matters. When the Asian session is quiet I simply move to other sessions and analyse the charts as they are presented. If I like the trade because it ticks all the boxes for me then I trade it! If not I simply pass and move on to the next potential setup. If you wanted to "simply" add the 2%/trading day to your account then you can be very selective when you trade since the opportunities are usually waiting there for you. You only need to find the best...
Could you reviews all the boxes you need to tick?

Thank you in advance.
  • #15,490
  • Aug 7, 2014 1:51am Aug 7, 2014 1:51am
Alright Udine........sadface

Wish you all good luck today
  • #15,491
  • Aug 7, 2014 2:05am Aug 7, 2014 2:05am
First day , up at 3am here in Canada to see the London session real time.


Nothing looks very interesting for the opening hour here, from what I see no trade this hour for EJ, and GJ not looking very interesting right now either. Maybe GU at 1.68300....but more likely wait and see what the market wants to do.
  • #15,492
  • Aug 7, 2014 2:12am Aug 7, 2014 2:12am
Mess777

EJ is against the rules because you are not allowed to trade long @.900

And I wouldn't trade them both as there is a bit of a downtrend.
  • #15,493
  • Aug 7, 2014 2:14am Aug 7, 2014 2:14am
Quoting kevinickel
{quote} Could you reviews all the boxes you need to tick? Thank you in advance.
I could but every trader needs to learn this themselves in order to make it their own.

A post response would never do it justice.

You need to learn the basics from here and any other great source of information and continue to build upon good trading habits coupled with appropriate experience.

How could I do justice to a trading experience that covers far greater than a decade....simply can't write that here in a post or two.

Masterrmind...........
Master your Mind then Master your Trades
  • #15,494
  • Aug 7, 2014 2:27am Aug 7, 2014 2:27am
70 minutes of waiting but finally to TP.
+5 pips

Lrt
Attached Image
"Every battle is won before it's fought."
  • #15,495
  • Aug 7, 2014 2:28am Aug 7, 2014 2:28am
GU TS +1.3pips
still one to go...
Attached Image (click to enlarge)
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My hope has been almost completely shattered, but not completely yet
  • #15,496
  • Aug 7, 2014 2:30am Aug 7, 2014 2:30am
Trade 1

GU TP

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-07 02_29_10-GBPUSD,H1.png Size: 47 KB
  • #15,497
  • Aug 7, 2014 2:51am Aug 7, 2014 2:51am
Trade 2

USDCAD TP

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-08-07 02_50_08-USDCAD,H1.png Size: 45 KB
  • #15,498
  • Aug 7, 2014 3:13am Aug 7, 2014 3:13am
EU +5
2 wins, but GJ 172.300 long was already triggered.
Attached Image (click to enlarge)
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My hope has been almost completely shattered, but not completely yet
  • #15,499
  • Aug 7, 2014 3:16am Aug 7, 2014 3:16am
EU TS

Attached Image (click to enlarge)
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  • #15,500
  • Aug 7, 2014 3:17am Aug 7, 2014 3:17am
Quoting panamamike
Trade 1 GU TP {image}
good am sorry what the meter at the right hand side of your chat can you please let me have it
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