As simple as possible: 00 level trading

What's this?
It's not even remotely close to the rules.
(good catch of that reversal though)

EU TP

Edit: Not according to rules (news)

EU, to TP #1 +7.2 some positive slippage with 5 lots. (news burpees done)

Cigarguy

Trade #5

[Bonus trade #3]

CHFJPY +5 TP



Masterrmind...........

Some loosing traders need anger management. With more than a decade of trading, have found that all systems/methods require many hours of screen time and trader discretion to be successful and profitable.

Cigarguy

I have learned the lesson that has been mentioned many time at this thread. This strategy works best when you take the rules into account and then you also need to consider the 'grey' areas :

-pairs in sync
-near Asian/London/NY open when new money is rolling in
-trending in right direction (ex : if it's a long day and has fallen a couple levels in the past hour give it a chance to bounce back before making a decision to go in)

Paying closer attention to this and making more educated decisions based on reading through this thread (at page 557 now) , I was able to gain 4.8% today on 6 trades (2 Asia, 2 London, 2 NY) 1 NY was a mistake (EJ) due to news so a few burpees are in order....but to anyone complaining about this thread you need to consider that you can't just blindly follow the rules, taking every trade that meets the criteria and hope for long term success. There is definitely some nuance to it. I'm still trading demo, and testing out various opens to see what works best for my lifestyle.

I'll see if I can continue my road back to BE and beyond in my demo account....got about 7% to get back to BE. At first I was blindly taking the trades not at the peak moments and without regard for what the other pairs were doing.....this obviously is not the good approach.

Wishing green to everyone, and hope to join this ride with real money at some point if I can now get consistent.

Trade #6

[Bonus Trade #4]

NZDJPY +5 TP



Comment: Late entry but the correct entry level from NY Open!

Masterrmind..........

Two more trades into TP.Seems to be it for the day. Maybe one more trade if I can find a good setup.
Three days of trading so far, did 10 trades, 8 into TP, 2 into TS. Looks like a good start.
Now this have to be go on for over than a month untill i will try it on a small live account.

Trade #7

GBPUSD out by TS (BE)



Comment: Once HTS activated simply let the trade run it's course at no risk. Trade ran out of steam trying to make TP!

Masterrmind...........

Hi, everyone
GJ TP +5pips
GJ formed a bearish candle 2 hours ago, but still keep above DO and formed a crossbar(? Sorry, I don't know the word by English) in previous hour which implied bounce.
Plus, GU was just above strong support line.
So I decided to take GJ long.

Hello MM, can you enlighten my little poor knowledge what HTS means? And why is your SL set to 15 Pip instead of 10?

Jibala

Also here SL more than 10 Pip! Are you not sure about your trades? If so stay out instead of more risk!

Jibala

He's using a EA wich puts a hidden SL at 10 Pips and a hard SL at 15 Pips in case of emergency like blackouts or huge moves in the market.
HTS = hidden trailing stop, the EA will set a TS after 3,5 Pips and will trail it until TP or TS is hit.

Tnx a lot for explanation! I dont use EA. Means, hidden SL not to see but emergency only (what we can see in chart)?

Jibala

If the trade is active you can see a line drawn by the EA where the hidden SL is. After the trade is done and you hit not the SL nothin on the chart could tell you were the HSL was.

Here is a chart with an active trade where you can see the hard SL, hidden SL and hidden TP.

HTS = Hidden Trail Stop

Part of the trade management EA

Masterrmind............

EJ TP +5
Entrypoint was near DO, but there were strong momentum in both EU and EJ.

Made the same trade but hit my TS so a little loss here for me.

please study this indicator options for a panel guide

Udine i ask your ok

http://www.forexfactory.com/showthre...163158&page=28