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As simple as possible: 00 level trading

  • #19,241
  • Oct 6, 2014 8:04am Oct 6, 2014 8:04am
Trade #11 EURNZD TP.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2014.10.06_21h02m22s_021_.png Size: 31 KB


It took 43 sec. only!

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,242
  • Oct 6, 2014 8:06am Oct 6, 2014 8:06am
Quoting JibalaPasan
Trade #11 EURNZD TP. {image} It took 43 sec. only! Jibala
Nice one JiPa !

I almost took the same trade, then noticed the outrageous spread of 3.5 and thought, nah...

flx69
  • #19,243
  • Oct 6, 2014 8:20am Oct 6, 2014 8:20am
Quoting flx69
{quote} Nice one JiPa ! I almost took the same trade, then noticed the outrageous spread of 3.5 and thought, nah... flx69
The moment entry was hit Oandas spread was 3.8 even. But EUR was much powerful against NZD that's why I didn't see any reason for not taking the trade.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,244
  • Oct 6, 2014 8:29am Oct 6, 2014 8:29am
Thinking about some bumper stickers: "I Hate My Broker"
  • #19,245
  • Oct 6, 2014 8:37am Oct 6, 2014 8:37am
Quoting JibalaPasan
{quote} The moment entry was hit Oandas spread was 3.8 even. But EUR was much powerful against NZD that's why I didn't see any reason for not taking the trade. Jibala
Sometimes your posts make me wonder whether you are just showing off tools given to you by your mentor, or if you completely honestly mean it. I just hope people realize there might be information asymetry hidden in your posts.
  • #19,246
  • Oct 6, 2014 8:40am Oct 6, 2014 8:40am
Quoting endless177
{quote} Sometimes your posts make me wonder whether you are just showing off tools given to you by your mentor, or if you completely honestly mean it. I just hope people realize there might be information asymetry hidden in your posts.
Your first post here on this thread and it is just negative jealousy. Shame on you.
The problem is not giving offence but taking offence!
  • #19,247
  • Oct 6, 2014 8:40am Oct 6, 2014 8:40am
Quoting JibalaPasan
Trade #11 EURNZD TP. {image} It took 43 sec. only! Jibala
Hi Jibala! How many trades a day do you take now? I guess you take all setups during your shift
Great job and thanks for sharing.
Alec
Look for reasons not to take a trade.
  • #19,248
  • Oct 6, 2014 8:43am Oct 6, 2014 8:43am
Quoting JibalaPasan
{quote} The moment entry was hit Oandas spread was 3.8 even. But EUR was much powerful against NZD that's why I didn't see any reason for not taking the trade. Jibala
Hi Jibal

Your trading skill is super. you have great tool to filter best trades.

Just i want to know generally your pending orders you place how many minutes before the trade executed ?

Thanks
  • #19,249
  • Oct 6, 2014 8:47am Oct 6, 2014 8:47am
Quoting overseaz
{quote} Hi Jibala! How many trades a day do you take now? I guess you take all setups during your shift Great job and thanks for sharing. Alec
Watch 28 pairs and just try to pick the best of them! Sometimes I have "only" 2 trades but I am not sad about because I know I can make much more again the very next day (like today).

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,250
  • Oct 6, 2014 8:54am Oct 6, 2014 8:54am
Quoting mkfx
{quote} Hi Jibal Your trading skill is super. you have great tool to filter best trades. Just i want to know generally your pending orders you place how many minutes before the trade executed ? Thanks
There is no general answer! It depends all on market. If market is weak, we need to practice PDF. If market has strong PA, mostly I only have time of 1.5 pip to decide whether to take or not.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,251
  • Oct 6, 2014 8:55am Oct 6, 2014 8:55am
Quoting JibalaPasan
{quote} Watch 28 pairs and just try to pick the best of them! Sometimes I have "only" 2 trades but I am not sad about because I know I can make much more again the very next day (like today). Jibala
Hi Jibala,

I am in interested to know how long you keep your pending orders valid i mean coming hour or even after that as well till you see a valid setup.

Thanks
  • #19,252
  • Oct 6, 2014 8:57am Oct 6, 2014 8:57am
Quoting JibalaPasan
{quote} There is no general answer! It depends all on market. If market is weak, we need to practice PDF. If market has strong PA, mostly I only have time of 1.5 pip to decide whether to take or not. Jibala
Jibala,

Sorry

i could not understand meaning of "mostly I only have time of 1.5 pip to decide....................."

Please can you explain .....

Thanks for your help..
  • #19,253
  • Oct 6, 2014 9:00am Oct 6, 2014 9:00am
Quoting JibalaPasan
{quote} Now the right time had come! Trade #10 USDCAD TP. {image} Jibala
Nice Trade. actually that is my question. why now but not 2 candles ago? from today i'm looking for this answer but no one knows why.

stay green

Arian
  • #19,254
  • Oct 6, 2014 9:06am Oct 6, 2014 9:06am
Quoting flx69
Thinking about some bumper stickers: "I Hate My Broker"
It's not all about spread but PA and the relation of the pairs! Did you read my post?

http://www.forexfactory.com/showthre...28#post7774628

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,255
  • Oct 6, 2014 9:11am Oct 6, 2014 9:11am
Quoting JibalaPasan
{quote} It's not all about spread but PA and the relation of the pairs! Did you read my post? http://www.forexfactory.com/showthre...28#post7774628 Jibala
Yup.
  • #19,256
  • Oct 6, 2014 9:13am Oct 6, 2014 9:13am
Quoting mkfx
{quote} Hi Jibala, I am in interested to know how long you keep your pending orders valid i mean coming hour or even after that as well till you see a valid setup. Thanks
When I say, I have time of 1.5 pip to decide, means the pending will be executed immediately after sending per script. If for any case price bounces before executing, I delete pending if distance becomes more than 10 pip. Then waiting for new setup.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,257
  • Oct 6, 2014 9:17am Oct 6, 2014 9:17am
Quoting mkfx
{quote} Jibala, Sorry i could not understand meaning of "mostly I only have time of 1.5 pip to decide....................." Please can you explain ..... Thanks for your help..
If I watch Dashboard only, what currently I don't do, a signal is given 1.5 pip prior to RN / BRN. This is exactly the time I have to decide.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,258
  • Oct 6, 2014 9:24am Oct 6, 2014 9:24am
Quoting arianptc01
{quote} Nice Trade. actually that is my question. why now but not 2 candles ago? from today i'm looking for this answer but no one knows why. stay green Arian
The answer (not the general answer, thus valid for me only) is on the chart I've posted.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #19,259
  • Oct 6, 2014 9:29am Oct 6, 2014 9:29am
Quoting JibalaPasan
{quote} If I watch Dashboard only, what currently I don't do, a signal is given 1.5 pip prior to RN / BRN. This is exactly the time I have to decide. Jibala
Is that means

Process is like " signal appears on dashboard , you go on chart and see PA and pull trier in seconds.
what do you do before signal on db

Thanks
  • #19,260
  • Oct 6, 2014 9:33am Oct 6, 2014 9:33am
Quoting JibalaPasan
{quote} The answer (not the general answer, thus valid for me only) is on the chart I've posted. Jibala
Okay, so you dont have logical answer. anyway what ever works for you keep doing it.

stay green

Arian
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