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As simple as possible: 00 level trading

  • #16,461
  • Aug 21, 2014 11:24pm Aug 21, 2014 11:24pm
Guys where can I get the ADR line indicator? This picture is from the pdf.
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  • #16,462
  • Aug 22, 2014 12:35am Aug 22, 2014 12:35am
GU +5
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EG +0 manually out because it was too quiet
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AU +5
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I feel I'm beginning to get ready...
Already 2 wins, but I might play FFO and LO.
My hope has been almost completely shattered, but not completely yet
  • #16,463
  • Aug 22, 2014 12:37am Aug 22, 2014 12:37am
Quoting leonlee0116
Guys where can I get the ADR line indicator? This picture is from the pdf. {image}
Instead of the clear blue line indi, I (or most of us) use xADR_0.2renko.mq4
My hope has been almost completely shattered, but not completely yet
  • #16,464
  • Aug 22, 2014 12:43am Aug 22, 2014 12:43am
Trade #1 GJ TP.

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It worked again just some hours later.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #16,465
  • Aug 22, 2014 1:11am Aug 22, 2014 1:11am
If I had kept EG, I would have TPed it. More patience and confidence needed...
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High 0.80154
My hope has been almost completely shattered, but not completely yet
  • #16,466
  • Aug 22, 2014 1:58am Aug 22, 2014 1:58am
London about to kick off.

Let's hope for greens.........

Masterrmind.........
Master your Mind then Master your Trades
  • #16,467
  • Aug 22, 2014 2:11am Aug 22, 2014 2:11am
First trade of the day not green
Any comments why I shouldnt take this trade? Was anyone also in this?
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  • #16,468
  • Aug 22, 2014 2:17am Aug 22, 2014 2:17am
From an earlier post I made here - Post 16,411 - is it then save to presume that from all the traders here that is using the "WUKAR_WB_v1_3_2e" EA that no one know the answer or that no one care to respond, even by PM?

"I would appreciate it if someone could explain how and when does these settings work and if we change them eg. the TrailingStop to 15 what will happen etc?

WUKAR_WB_v1_3_2e
Trailingstop_Settings
TrailingStop 35
TrailingStep 1

Breakeven_Settings
BreakEvenPips 35

and how the TrailingStop and TrailingStep and BreakEvenPips affect each other / work together or against each other?"

Thank you "JibalaPasan" for your reply. You responded even though you don't even use the EA.
The problem is not giving offence but taking offence!
  • #16,469
  • Aug 22, 2014 2:22am Aug 22, 2014 2:22am
Quoting modeco
First trade of the day not green Any comments why I shouldnt take this trade? Was anyone also in this? {image}
GU was above DO.
My hope has been almost completely shattered, but not completely yet
  • #16,470
  • Aug 22, 2014 2:25am Aug 22, 2014 2:25am
Quoting modeco
First trade of the day not green Any comments why I shouldnt take this trade? Was anyone also in this? {image}
GJ strraight to SL. Does anybody have a real good reason not to take this trade ? The only one I can tell is BRN but many trades have been taken at this level and gone to TP. So what ?
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Porta itineris dicitur longissima esse
  • #16,471
  • Aug 22, 2014 2:37am Aug 22, 2014 2:37am
Quoting ChrisGC
From an earlier post I made here - Post 16,411 - is it then save to presume that from all the traders here that is using the "WUKAR_WB_v1_3_2e" EA that no one know the answer or that no one care to respond, even by PM? "I would appreciate it if someone could explain how and when does these settings work and if we change them eg. the TrailingStop to 15 what will happen etc? WUKAR_WB_v1_3_2e Trailingstop_Settings TrailingStop 35 TrailingStep 1 Breakeven_Settings BreakEvenPips...
All you need to do ChrisGC is apply the trailing EA to your chart with default settings to start with and watch the trade execute from start to finish.

After several different trade situations you will know exactly what it does.

For example if your EA has TS set to 35 with a step of 1 then as soon as price (considering spread as applicable) reaches 3.5 pips (in your favor) then your TS will trigger and draw a colored line on your chart 1 pip in the direction of your TP.

If price retraces and fails to drive up higher than 3.5 pips and then retraces back it will take you out at entrance price +1 pip.
If TS has triggered (eg @ 3.5 pips) and price continues higher in your favor but does not trigger your TP then it will increase your TS (eg an extra pip etc) pips depending on your step function/incremental setting.

If for example you had a TP at 15 pips and price rose up sharply in your favor then @ 3.5 pips (if TS set = 35) your TS triggers +1 from entry price...as price continues in your favor the colored line for TS on your chart will get dragged up in the direction of price which means if price reverses down against you the TS will limit any loss to whatevet TS was set at prior to exiting the trade via TS function which keeps you positive.

The best way is to watch your chart with the trailing EA attached to your chart and observe what it does including BE function as well.

Note: I have kept the example simple and not discussed spread related issues if applicable.

Note: If your TP is set < TS then your TS will never trigger!

Hope that helps!

Masterrmind..........
Master your Mind then Master your Trades
  • #16,472
  • Aug 22, 2014 2:53am Aug 22, 2014 2:53am
Quoting bubincka
{quote} GJ strraight to SL. Does anybody have a real good reason not to take this trade ? The only one I can tell is BRN but many trades have been taken at this level and gone to TP. So what ? {image}
I was in this trade too, also SL hit.
Only reasons why it did not work that i can see are, slow month and what easygoing said GU was above DO so it was not in sync.
Persistence will get it. Consistency will keep it.
  • #16,473
  • Aug 22, 2014 3:16am Aug 22, 2014 3:16am
Quoting Masterrmind
{quote} Hope that helps! Masterrmind..........
Thank you. Very much appreciated. Yes, that helps a lot. It makes sense now.
The problem is not giving offence but taking offence!
  • #16,474
  • Aug 22, 2014 3:17am Aug 22, 2014 3:17am
Trade #1

AUDJPY +5 TP

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Masterrmind..........
Master your Mind then Master your Trades
  • #16,475
  • Aug 22, 2014 3:25am Aug 22, 2014 3:25am
I had some winners this week, but saw them vanish by two losses. I'm thinking that i will extend my demo trading for a month. See if i can make some green pips when the market picks up in september. Plenty of time to get my hard earned cash on the line after september.
Persistence will get it. Consistency will keep it.
  • #16,476
  • Aug 22, 2014 3:46am Aug 22, 2014 3:46am
Goodmorning!
Rare to see a morning THAT slow.. Almost every pair I'm watching, as the Master would say, is "pissing around DO".
I had 2 long pendings on NZDCAD @.200 and NZDUSD @.300 as those crosses were apparently moving but prices just came down.
Now NZDCAD seems to be going up again but the hourly open was below .100 so I can't long @ .200.
Don't know if NY is worth of my waiting or if it's better to just close here and start the weekend..

Lrt
"Every battle is won before it's fought."
  • #16,477
  • Aug 22, 2014 3:48am Aug 22, 2014 3:48am
Quoting Chake
{quote} I was in this trade too, also SL hit. Only reasons why it did not work that i can see are, slow month and what easygoing said GU was above DO so it was not in sync.
Thank you. Find whatever reason *NOT* to take a trade and only you can't find any then place your order. I overlooked sync between GJ and GU, in effect they were on opposite sides.
Porta itineris dicitur longissima esse
  • #16,478
  • Aug 22, 2014 3:54am Aug 22, 2014 3:54am
Quoting Lrt.Ita
Goodmorning! Rare to see a morning THAT slow.. Almost every pair I'm watching, as the Master would say, is "pissing around DO". I had 2 long pendings on NZDCAD @.200 and NZDUSD @.300 as those crosses were apparently moving but prices just came down. Now NZDCAD seems to be going up again but the hourly open was below .100 so I can't long @ .200. Don't know if NY is worth of my waiting or if it's better to just close here and start the weekend.. Lrt
Good morning,

Agreed- can't see a proper setup on any of the 4 majors.....
Good luck on your NZD pending orders....

I will watch from the side lines....

BB.
  • #16,479
  • Aug 22, 2014 4:03am Aug 22, 2014 4:03am
Quoting modeco
First trade of the day not green Any comments why I shouldnt take this trade? Was anyone also in this? {image}
Maybe it's because the candles showed signs of reversal (insides), with an area of ​​support (S1 Fibonacci).
The first "inside" was not confirmed, but the second was confirmed.

Or just because the price is crazy. Even more crazy is thinking that a system operates consistently in a fractal world.
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  • #16,480
  • Aug 22, 2014 4:04am Aug 22, 2014 4:04am
Quoting bugyibuci
{quote} Good morning, Agreed- can't see a proper setup on any of the 4 majors..... Good luck on your NZD pending orders.... I will watch from the side lines.... BB.
I removed them..
I was planning to long AUDCAD @.100 but now AUD is clearly losing strenght on every pair it is in..
So, again, nothing!

Lrt
"Every battle is won before it's fought."
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