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As simple as possible: 00 level trading

  • #18,121
  • Sep 15, 2014 6:52am Sep 15, 2014 6:52am
NU out by TS: +1 pip.
Today´s definitely TS day...

flx69
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  • #18,122
  • Sep 15, 2014 6:53am Sep 15, 2014 6:53am
Quoting flx69
NU out by TS: +1 pip. Today´s definitely TS day... flx69 {image}
PVT @ 0.81621
So I wouldn't take this trade.
  • #18,123
  • Sep 15, 2014 6:57am Sep 15, 2014 6:57am
Quoting Murksler
{quote} PVT @ 0.81621 So I wouldn't take this trade.
Yeah, true. Moved SL manually and was counting on a push up to hit TP during the last 10 minutes of th H1 bar.

flx69
  • #18,124
  • Sep 15, 2014 7:00am Sep 15, 2014 7:00am
Trade #5 [Bonus trade #3]

GBPJPY +5 TP

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Masterrmind...........
Master your Mind then Master your Trades
  • #18,125
  • Sep 15, 2014 7:04am Sep 15, 2014 7:04am
Quoting Masterrmind
Trade #5 [Bonus trade #3] GBPJPY +5 TP {image} Masterrmind...........
Hi Masterrmind,
Can you share your template with all indi you use in ?
thanks
Time is your friend; impulse is your enemy.
  • #18,126
  • Sep 15, 2014 7:11am Sep 15, 2014 7:11am
EA TP
Attached Image
The problem is not giving offence but taking offence!
  • #18,127
  • Sep 15, 2014 7:12am Sep 15, 2014 7:12am
EA to TP +5

flx69
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  • #18,128
  • Sep 15, 2014 7:15am Sep 15, 2014 7:15am
Got hit SL, anyone knows what did i do wrong?

thanks!

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  • #18,129
  • Sep 15, 2014 7:18am Sep 15, 2014 7:18am
Trade #6 [Bonus trade #4]

EURAUD +5 TP

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Trade #7 [Bonus trade #5]

AUDUSD +5 TP

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Masterrmind...........
Master your Mind then Master your Trades
  • #18,130
  • Sep 15, 2014 7:59am Sep 15, 2014 7:59am
Quoting stanvy
Got hit SL, anyone knows what did i do wrong? thanks! {image} {image}

drag your trades from the account history on the charts and post again please..

Udine
Sleep less, live fast, as it aint gonna last
  • #18,131
  • Sep 15, 2014 8:09am Sep 15, 2014 8:09am
Quoting Udine
{quote} drag your trades from the account history on the charts and post again please.. Udine
You mean this?

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  • #18,132
  • Sep 15, 2014 8:16am Sep 15, 2014 8:16am
Quoting stanvy
{quote} You mean this? {image}

and drag those to your chart, so we can see the trades in your charts

Udine
Sleep less, live fast, as it aint gonna last
  • #18,133
  • Sep 15, 2014 8:21am Sep 15, 2014 8:21am
Quoting stanvy
{quote} You mean this? {image}
No, but at least it´s clear which trades you took.

1. EURGBP has a low ADR/ATR. It´s not really a good pair to trade...
2. When you took the EURJPY short, price had already travelled down almost 60 pips from the Daily Open (6th 00-level). This is not exactly stacking the odds in your favour...

flx69
  • #18,134
  • Sep 15, 2014 8:26am Sep 15, 2014 8:26am
Quoting Udine
{quote} and drag those to your chart, so we can see the trades in your charts Udine

Hi Udine,

thanks for your reply, the white line i posted above is my entry, the red line is SL

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  • #18,135
  • Sep 15, 2014 8:26am Sep 15, 2014 8:26am
To add one more thing regarding the EURGBP, look a couple of bars to your left on the chart attached and tell me what you see when price arrived around your pending order level...

flx69
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  • #18,136
  • Sep 15, 2014 8:29am Sep 15, 2014 8:29am
Quoting flx69
{quote} No, but at least it´s clear which trades you took. 1. EURGBP has a low ADR/ATR. It´s not really a good pair to trade... 2. When you took the EURJPY short, price had already travelled down almost 60 pips from the Daily Open (6th 00-level). This is not exactly stacking the odds in your favour... flx69
Thanks Flx69, do you know the limit of ADR/ATR? I suppose it should be at least 90 and above?

appreciate!
  • #18,137
  • Sep 15, 2014 8:31am Sep 15, 2014 8:31am
well said Flx..

nothing to add from my side..

Udine
Sleep less, live fast, as it aint gonna last
  • #18,138
  • Sep 15, 2014 8:33am Sep 15, 2014 8:33am
Quoting stanvy
{quote} Thanks Flx69, do you know the limit of ADR/ATR? I suppose it should be at least 90 and above? appreciate!
Not necessarily. Download the ADR_ATR_20pairs you´ll find in the attachments (click on the paperclip top right of your screen).
You´ll see for yourself that there are "better pairs".

flx69
Attached Image
  • #18,139
  • Sep 15, 2014 8:36am Sep 15, 2014 8:36am
interesting read (food for thought):

http://www.forexfactory.com/showthread.php?t=215432

Udine
Sleep less, live fast, as it aint gonna last
  • #18,140
  • Sep 15, 2014 8:37am Sep 15, 2014 8:37am
Quoting flx69
To add one more thing regarding the EURGBP, look a couple of bars to your left on the chart attached and tell me what you see when price arrived around your pending order level... flx69 {image}

Thanks Udine and flx69,

I see a long bearish tail on the candle, does it means that it is not suitable for sell or it will go bullish?
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