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As simple as possible: 00 level trading

  • #19,041
  • Oct 2, 2014 6:10am Oct 2, 2014 6:10am
Quoting haircut
{quote} Yes finding it frustrating had two winning trades on those pairs this week. No losers but 5 trade stopped out by TS that would have all gone to TP.
Very similar situation to what I experienced so I decided to turn TS off and this has made a big difference.

If you are very confident with your trading and it sounds like you are on the right track with 5 winning trades then you might like to test out no TS trading.... your call but of course you bi-pass the insurance so there is a chance it might come back to bite you.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #19,042
  • Oct 2, 2014 6:14am Oct 2, 2014 6:14am
Quoting Masterrmind
{quote} Very similar situation to what I experienced so I decided to turn TS off and this has made a big difference. If you are very confident with your trading and it sounds like you are on the right track with 5 winning trades then you might like to test out no TS trading.... your call but of course you bi-pass the insurance so there is a chance it might come back to bite you. Good trading, Masterrmind...........
Thanks mastermind. I think I will give it ago. I am trying to be very selective and stay with the 4 major pairs but have been frustrated when having waited for good set ups that keeps happening.
Thanks for your input MM
  • #19,043
  • Oct 2, 2014 6:21am Oct 2, 2014 6:21am
evening all, just imo 5pts doesnt give enuff room for ts cheers Q
Whats That? you're trading What?
  • #19,044
  • Oct 2, 2014 6:28am Oct 2, 2014 6:28am
Quoting Qed
evening all, just imo 5pts doesnt give enuff room for ts cheers Q
One option I considered was to increase the # of pips in TS but decided I'd trial it completely turned off instead and so far I haven't looked back.

Lets hope it stays that way.

Masterrmind........
Master your Mind then Master your Trades
  • #19,045
  • Oct 2, 2014 6:29am Oct 2, 2014 6:29am
Quoting haircut
{quote} Thanks mastermind. I think I will give it ago. I am trying to be very selective and stay with the 4 major pairs but have been frustrated when having waited for good set ups that keeps happening. Thanks for your input MM
Not a problem at all!

Masterrmind...........
Master your Mind then Master your Trades
  • #19,046
  • Edited 6:57am Oct 2, 2014 6:30am | Edited 6:57am
Sidelines for me at present though......terminal dramas!

EDIT: All fixed!

Masterrmind..........
Master your Mind then Master your Trades
  • #19,047
  • Oct 2, 2014 6:40am Oct 2, 2014 6:40am
MM did you see earlier on how I "insured my platform? I opened another platform ,same a/c with no indicators at all use it pure for terminal and incase the one with all the indis on freezes up again
Whats That? you're trading What?
  • #19,048
  • Oct 2, 2014 6:45am Oct 2, 2014 6:45am
GBPCHF just went to a 10 spread and knocked me out instantly. lol

Price then went to my profit target.
  • #19,049
  • Oct 2, 2014 7:00am Oct 2, 2014 7:00am
Quoting Qed
MM did you see earlier on how I "insured my platform? I opened another platform ,same a/c with no indicators at all use it pure for terminal and incase the one with all the indis on freezes up again
Due to the upgrade.....I cut out the contents of my folders in MQL4 to desktop...closed down the terminal.... copied in the contents of my folders again...and presto.....all running fine!

Masterrmind.........
Master your Mind then Master your Trades
  • #19,050
  • Oct 2, 2014 7:11am Oct 2, 2014 7:11am
we reloaded all the indis cpla times and when I dragged the terminal dow it froze .. so I loaded new platform and loaded indis 1 by 1 till "anyday" froze it
Whats That? you're trading What?
  • #19,051
  • Oct 2, 2014 7:22am Oct 2, 2014 7:22am
Trade #1

AUDCAD +7 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #19,052
  • Oct 2, 2014 7:27am Oct 2, 2014 7:27am
Quoting Qed
we reloaded all the indis cpla times and when I dragged the terminal dow it froze .. so I loaded new platform and loaded indis 1 by 1 till "anyday" froze it
Sounds like that was rather annoying and time consuming.

I wish they'd give better notice when they're about to do upgrades....it just seems to be 1 after the other and every time we have to troubleshoot the drama it causes.

Once more and I might start using a different FX platform..........

Masterrmind........
Master your Mind then Master your Trades
  • #19,053
  • Oct 2, 2014 7:28am Oct 2, 2014 7:28am
nice one dont know which one CMC uses but its nowhere naer as user freinfly as mt4 ..and they .......I wont say ..
Whats That? you're trading What?
  • #19,054
  • Oct 2, 2014 7:31am Oct 2, 2014 7:31am
Trade #2

CHFJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB


Comment: a little riskier but done for the day!

Masterrmind.........
Master your Mind then Master your Trades
  • #19,055
  • Oct 2, 2014 7:34am Oct 2, 2014 7:34am
well done , I shoulda called it a day after my 1st 2 wins as well but didnt ...ggrrrrr cyas ltr
Whats That? you're trading What?
  • #19,056
  • Oct 2, 2014 7:37am Oct 2, 2014 7:37am
Quoting Qed
nice one dont know which one CMC uses but its nowhere naer as user freinfly as mt4 ..and they .......I wont say ..
Yes there are a number of options around but overall MT4 does the job....

I wonder if MT5 gets updated as often ??

Masterrmind.........
Master your Mind then Master your Trades
  • #19,057
  • Oct 2, 2014 7:46am Oct 2, 2014 7:46am
Quoting Masterrmind
Trade #2 CHFJPY +5 TP Comment: a little riskier but done for the day! Masterrmind.........

MM, why was this riskier?
I see some nice rejection off the .800 and we were below DO.
Persistence will get it. Consistency will keep it.
  • #19,058
  • Oct 2, 2014 7:50am Oct 2, 2014 7:50am
Trade #3 [Bonus trade #1]

GBPJPY +5 TP

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 62 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #19,059
  • Oct 2, 2014 8:09am Oct 2, 2014 8:09am
Quoting Chake
{quote} MM, why was this riskier? I see some nice rejection off the .800 and we were below DO.
Yes I anticipated the rejection however the trade was too close to support level for my liking.

I much prefer taking a short entry at least 5-10 pips below this level (usually)

Masterrmind..........
Master your Mind then Master your Trades
  • #19,060
  • Oct 2, 2014 8:16am Oct 2, 2014 8:16am
EJ long: SL (i didn't have the trails stop on hence it has gone to Sl, missing TP by 1 pip.)
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.jpg Size: 240 KB
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