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As simple as possible: 00 level trading

  • #23,661
  • Dec 2, 2014 12:28pm Dec 2, 2014 12:28pm
Can not figure, commission in Wukar is in what ? 5.5 of what... Can somebody clarify please ? Thanks.
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  • #23,662
  • Dec 2, 2014 12:30pm Dec 2, 2014 12:30pm
Quoting snail69
Can not figure, commission in Wukar is in what ? 5.5 of what... Can somebody clarify please ? Thanks. {image}
Snail,

The comm is in USD.

flx69
  • #23,663
  • Dec 2, 2014 12:31pm Dec 2, 2014 12:31pm
Quoting sEit89
{quote} Ok, many thanks flx69. The mark at .450 shows TP. So time for rest, see u tomorrow! Buenas noches
Buenas noches. Mañana para más aventuras.

flx69
  • #23,664
  • Dec 2, 2014 12:34pm Dec 2, 2014 12:34pm
Quoting flx69
{quote} Buenas noches. Mañana para más aventuras. flx69
Hasta la vista amigo !
  • #23,665
  • Dec 2, 2014 12:38pm Dec 2, 2014 12:38pm
Trying to merge the three 15 minute indicators into a single panel, instead of the 3 window panels in my example. Any help would be appreciated.
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  • #23,666
  • Dec 2, 2014 12:50pm Dec 2, 2014 12:50pm
I think I am getting the hang of the system and the 15M timeframe seems to suite my personality quiet well. Thank you Udine, mastermind and everyone else for your support. I should start posting charts from my Demo fairly soon.

My question now is more about the money management. While playing with the system I have used the EA and most of my trades seems to get stopped out at around 3.5 pips thats TS. I am (almost) never able to get the full 5 pips. However, I am paying the spread and the commission and not leaving much after that.

When I am loosing, its quiet big ... specially given 10 pips + 2 X Commissions + Spread.

I have no doubts about the system but how have you guys shaped your money management to deal with this. Are you:

1. Increasing the TP
2. Removing the TS
3. Just taking what comes and end of the day you are still in profit?

Also the 2 trades to get 2% is quiet difficult given all these variables. Its not like a trade lands me exactly 1%. So any help on you successful traders here have used the money management to actually get the target 2% would be highly appreciated.
  • #23,667
  • Dec 2, 2014 12:55pm Dec 2, 2014 12:55pm
Quoting ronwalt
Trying to merge the three 15 minute indicators into a single panel, instead of the 3 window panels in my example. Any help would be appreciated. {image}
First place MTF_ASH and set line widht in colors settings to thickest (5) ..or go in metaeditor (if u know how to use it) and set it at 16
After MTF drag ASH 15min indi to same indicator window and change line width to i.e. 4
Same process with HA indi
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  • #23,668
  • Dec 2, 2014 1:00pm Dec 2, 2014 1:00pm
Quoting GoForPip
{quote} First place MTF_ASH and set line widht in colors settings to thickest (5) ..or go in metaeditor (if u know how to use it) and set it at 16 After MTF drag ASH 15min indi to same indicator window and change line width to i.e. 4 Same process with HA indi {image}
GoForPip, thanks for the response. I am trying to make it look like Udine's or flx69's, with 3 rows of boxes. I used to have the way you suggest but prefer the other approach. Again, thanks for your kind response!
  • #23,669
  • Dec 2, 2014 1:11pm Dec 2, 2014 1:11pm
Hey guys, where I Can find and download, and whats are the names of these indicators which shows a R1, R2, lines, WP, DP, DS1 lines ?? I can't find it in this tread... please help!

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  • #23,670
  • Dec 2, 2014 1:14pm Dec 2, 2014 1:14pm
You can find a ton of indicators, including pivots,by clicking on the paper clip icon at the top of the page.
  • #23,671
  • Dec 2, 2014 1:14pm Dec 2, 2014 1:14pm
Look in the clip pivot levels
FREEDOM IS NOT FREE
  • #23,672
  • Dec 2, 2014 1:23pm Dec 2, 2014 1:23pm
Quoting ronwalt
You can find a ton of indicators, including pivots,by clicking on the paper clip icon at the top of the page.
Thanks guys!!
  • #23,673
  • Dec 2, 2014 2:07pm Dec 2, 2014 2:07pm
Quoting bubincka
{quote} Hi hugecat, no problem. There are two strategies, the original one whose rules are on page 1 and it's based on H1 TF. According to the H1 strategy you're absolutely right: I'd have entered @147.800. Instead according to the second strategy, namely M15, my entry @ 148.050 is correct- Don't remember the post #number but M15 rules are posted some pages ago and periodically linked by Udine to answer question like yours.
Bubincka, thank you for your reply. I'm looking at the 15M strategy rules right now. I can't see anything about 1 trade per hour per pair as it was in the rules on the original strategy (page 1). Does it mean that there are multiple entries per hour per pair if PA is good?
Thanx.
Huge.
Those who know don't talk. Those who talk don't know.
  • #23,674
  • Dec 2, 2014 2:33pm Dec 2, 2014 2:33pm
Hi everyone,

Here are some extra screenshots from trades I took today.
I didn't have the time to post them due to my day job.

Trade #4
AUDCAD out by TS.
Trade entered according to the 1hr rules, but on the .50 level.

Trade #5
AUDJPY to TP.

Trade #6
GBPUSD to SL.

Trade #7
GBPAUD to TP.
This last trade I entered at .50 level and changed the TP to 10, just to play around with the settings.

Good luck to all.

Kind regards,

Gizmo.
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  • #23,675
  • Dec 2, 2014 4:35pm Dec 2, 2014 4:35pm
Quoting Gluvina
{quote} wait, don't go, still have questions i took usd/cad as per 15min rules would you take it as per 1H rules? {image} eur/usd and gbp/usd are classic 1H trades? {image} {image}
Looks like a reasonable trade.

However, Initially I would have only went for 5 pips based on the formations present on the UC chart.

I'm assuming your trade follows all the rules re news etc (which I have not checked)

Otherwise pips in your pocket!

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #23,676
  • Dec 2, 2014 7:52pm Dec 2, 2014 7:52pm
Hi Everyone,

I've been lurking on this thread for some time now and I thought it was about time I started contributing, I have been working away in the back ground going through the thread, working out MT4 and how to set up the indicators, experts and scripts etc, I feel i'm heading in the right direction.

At this stage I am only able to get access to my pc during the Asian open and NY open, unfortunately I'm unable to trade the London open which will make things a little more daunting.

I'm also working through babypips.com school and reading secrets for profiting and bull and bear markets by Stan Weinstein. Will be running demo account for the foreseeable future.

Here is my first chart, I had the wrong take profit setting in the wukar, setting of 5 instead of 50 I have much to learn.

Strider747
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Strider747
  • #23,677
  • Dec 2, 2014 8:42pm Dec 2, 2014 8:42pm
Quoting Strider747
Hi Everyone, I've been lurking on this thread for some time now and I thought it was about time I started contributing, I have been working away in the back ground going through the thread, working out MT4 and how to set up the indicators, experts and scripts etc, I feel i'm heading in the right direction. At this stage I am only able to get access to my pc during the Asian open and NY open, unfortunately I'm unable to trade the London open which will make things a little more daunting. I'm also working through babypips.com school and reading secrets...
Always happy to see new traders.......

So welcome ... and its a journey I hope you will emjoy.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #23,678
  • Dec 2, 2014 9:03pm Dec 2, 2014 9:03pm
Thanks for the welcome Mastermind, I'm enjoying the challenge, although I'm a little shy at pulling the trigger on trades at the moment, as the journey progresses I'm sure that will improve.

Thanks for posting your charts also Mastermind, very helpful to newbies like me.

I'll be back for the NY open
Strider747
  • #23,679
  • Dec 3, 2014 12:20am Dec 3, 2014 12:20am
Good morning all,

Let's see if we can drag in some green pips.

Kind regards,

Gizmo
  • #23,680
  • Dec 3, 2014 1:01am Dec 3, 2014 1:01am
Good morning, well at least in my part of the world..

son is improving so I might get some trade in today..

stay green

Udine
Sleep less, live fast, as it aint gonna last
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