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As simple as possible: 00 level trading

  • #15,841
  • Aug 11, 2014 1:32pm Aug 11, 2014 1:32pm
Quoting ericjschroed
{quote} Most of the online ones you can choose whatever you want, like this http://www.alpari.com/research-tools/calculators
Ah I prefer having it in MT4 on the same screen and like to have the currency and acc balance already filled in (lazy) - thanks anyway though
  • #15,842
  • Aug 11, 2014 2:09pm Aug 11, 2014 2:09pm
Quoting Juan007
panel pairs {image}
Juan 007,

You don't need any candles......

Cigarguy
Keep It Simple
  • #15,843
  • Aug 11, 2014 2:15pm Aug 11, 2014 2:15pm
Done trading for the day, New York late session is just garbage so slow. Up 15 for the day that's allright. I would love to see this system in high volatile times just catching all trends etc.........

For people struggeling only trade when the market is as shown below. When you only see a trend on the screen nothing more.

Green pips to everyone
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  • #15,844
  • Aug 11, 2014 2:17pm Aug 11, 2014 2:17pm
Quoting Juan007
panel pairs {image}
Hi Juan

Sent you a pm.
  • #15,845
  • Aug 11, 2014 2:27pm Aug 11, 2014 2:27pm
Quoting javaboy
{quote} The trend may be up, but the M15 and Daily candles were red, and I followed all the rules that are in Post#1
Yes, you are right, the rule is only the piece of the pie, you need to see the big picture on it.
SMT, IPDA, Market Structure
  • #15,846
  • Aug 11, 2014 4:25pm Aug 11, 2014 4:25pm
Quoting Jysticim
Done trading for the day, New York late session is just garbage so slow. Up 15 for the day that's allright. I would love to see this system in high volatile times just catching all trends etc......... For people struggeling only trade when the market is as shown below. When you only see a trend on the screen nothing more. Green pips to everyone {image} {image} {image}
Seems as though most here are using strength meters... except maybe for masterrmind. Do you use them or are you purely trend following?
Thanks
Bill
  • #15,847
  • Edited 8:44pm Aug 11, 2014 8:30pm | Edited 8:44pm
UC, opened late manual entry and closed manually before news on retrace and meter strength +2.3

JibalaPason; I agree no indicator is the Holy Grail but IMO it does function nicely as a pair scanner and good morning to you.

Cigarguy
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Attached Image
Keep It Simple
  • #15,848
  • Aug 11, 2014 8:35pm Aug 11, 2014 8:35pm
Gud morning everybody! Just another sample of our trading, to show that the FPS indicator is not the "holy grail" some of you may expect.

Trade #1 AU TP.

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It was mentioned some posts ago that you have to understand, accept and adjust on current market conditions! Last evening we got a signal on AU. Therefore we checked the FPS and it looked good. Not pretty good but good.

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Finally it took 10,5h to trigger TP! What I wanna tell you, it's still holiday season, the market is weak! You have to be very careful by chosing the right battles.

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Wish you all gud luck and lots of green pips!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,849
  • Aug 11, 2014 8:49pm Aug 11, 2014 8:49pm
Quoting JibalaPasan
Gud morning everybody! Just another sample of our trading, to show that the FPS indicator is not the "holy grail" some of you may expect. Trade #1 AU TP. {image} It was mentioned some posts ago that you have to understand, accept and adjust on current market conditions! Last evening we got a signal on AU. Therefore we checked the FPS and it looked good. Not pretty good but good. {image} Finally it took 10,5h to trigger TP! What I wanna tell you, it's still holiday season, the market is weak! You have to be very careful by chosing the right battles....
Nice Post with caution that must be considered

Cigarguy
Keep It Simple
  • #15,850
  • Aug 11, 2014 8:50pm Aug 11, 2014 8:50pm
Trade #2 NJ TP.

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What a pitty! Strong sell signal but the spread kept it away from TP. Yet another long run. But it shows also, by using TS we got stopped out but later on it will move to TP.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,851
  • Aug 11, 2014 8:56pm Aug 11, 2014 8:56pm
Quoting JibalaPasan
Trade #2 NJ TP. {image} What a pitty! Strong sell signal but the spread kept it away from TP. Yet another long run. But it shows also, by using TS we got stopped out but later on it will move to TP. Jibala
JibalaPason,

I had my TS's hit on 3 trades today that immediately turned to TP. I am trying some small lot trades with no TS's and managing manually as I did prior to this thread.(as a test) Two have hit my TP for + pips that would have been stopped out by the TS. Trades were discretionary trades so I didn't post.

Cigarguy
Keep It Simple
  • #15,852
  • Aug 11, 2014 9:06pm Aug 11, 2014 9:06pm
Quoting cigarguy
{quote} JibalaPason, I had my TS's hit on 3 trades today that immediately turned to TP. I am trying some small lot trades with no TS's and managing manually as I did prior to this thread.(as a test) Two have hit my TP for + pips that would have been stopped out by the TS. Trades were discretionary trades so I didn't post. Cigarguy
What I wanna tell, we are going for mere 5 pip. If price will do a deep breath only you are out by using TS. It may protect you in some cases, but if you have the time to watch over your trades, you should manage them manually.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #15,853
  • Aug 11, 2014 9:13pm Aug 11, 2014 9:13pm
Quoting JibalaPasan
{quote} What I wanna tell, we are going for mere 5 pip. If price will do a deep breath only you are out by using TS. It may protect you in some cases, but if you have the time to watch over your trades, you should manage them manually. Jibala
JibalaPason,

Exactly! In 10+ years I have never used TS's until now with this system and the EA's offered here. I am fortunate that I do have the time to watch trades and give trades time to breathe.

Regards,
Cigarguy
Keep It Simple
  • #15,854
  • Aug 11, 2014 9:57pm Aug 11, 2014 9:57pm
#1 NZDUSD TP- really clear down trend with pretty good RmDn
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ps. my first chart post
  • #15,855
  • Aug 11, 2014 9:58pm Aug 11, 2014 9:58pm
JibalaPason, You have a PM

Cigarguy
Keep It Simple
  • #15,856
  • Aug 11, 2014 10:14pm Aug 11, 2014 10:14pm
Quoting kevinickel
#1 NZDUSD TP- really clear down trend with pretty good RmDn {image} ps. my first chart post
kevinickel,

Good Job! Hopefully many more to come

Cigarguy
Keep It Simple
  • #15,857
  • Aug 11, 2014 10:17pm Aug 11, 2014 10:17pm
Quoting cigarguy
{quote} kevinickel, Good Job! Hopefully many more to come Cigarguy
Thank you
  • #15,858
  • Aug 11, 2014 10:35pm Aug 11, 2014 10:35pm
NZDUSD TP
Attached Image
The problem is not giving offence but taking offence!
  • #15,859
  • Aug 11, 2014 10:37pm Aug 11, 2014 10:37pm
NZDJPY TP
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The problem is not giving offence but taking offence!
  • #15,860
  • Aug 11, 2014 10:39pm Aug 11, 2014 10:39pm
#2 NJ TP I was choosing between NJ or AN. Because of the ADR rooms, I chose NJ. But AN ends up TP first. Always trade Strong vs Week.
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