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As simple as possible: 00 level trading

  • #24,341
  • Dec 9, 2014 11:16pm Dec 9, 2014 11:16pm
Hello Mates,

It seems that most of you have already bank in your GREEN pips for the day. There is lots of activity with Tokyo session, managed to get one and missing on two other trades but there are still many opportunities throughout the day. Good luck to ALL!!!

Trade #1 - EURJPY [TS]

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15_10_12_14 (TS).png Size: 47 KB


Trade #2 - GBPJPY [+5 pips]

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Good momentum to the downside. Entry after the close of the retracement candle.
  • #24,342
  • Dec 9, 2014 11:27pm Dec 9, 2014 11:27pm
Quoting fakeylover
2 trades during To session Cj +5 Gj +5 The script are set to risk 2%, i've made 10 pips so i have to reach the target of 2% but the tracker show 1.16 % profit... i don't know {image} {image} {image}
Spread , commission. :nerd:
  • #24,343
  • Dec 9, 2014 11:51pm Dec 9, 2014 11:51pm
Trade #3 - AUDUSD [+5 pips]

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15_10_12_14.png Size: 47 KB


Clear uptrend. Price bouncing off from Daily Pivot. Previous candle was a Bullish Engulfing and closed above previous support (0.83200)
  • #24,344
  • Dec 9, 2014 11:59pm Dec 9, 2014 11:59pm
Quoting numberman
hi Mr Mastermind. i havent waited for the new hour, could it be against the 15M rule. {image}
Looks like you entered on the M15 candle but not 1st but 2nd 50 level down.

Try reading these rules:

Attached Image


Masterrmind...........
Master your Mind then Master your Trades
  • #24,345
  • Dec 10, 2014 12:35am Dec 10, 2014 12:35am
Something to read. :nerd:

http://www.ftpress.com/blogs/blog.as...ide-formations
  • #24,346
  • Dec 10, 2014 12:57am Dec 10, 2014 12:57am
Quoting Masterrmind
{quote} Looks like you entered on the M15 candle but not 1st but 2nd 50 level down. Try reading these rules: {image} Masterrmind...........
Thanks Mr Mastermind. Its clear to me now.
  • #24,347
  • Dec 10, 2014 1:13am Dec 10, 2014 1:13am
Hi Lilizen,

I permit myself to reply to you and inform you that looks like the error isn't in the calculation that you have made but in using a broker that charge you 3 Pips per trade.

Stay green;
BilboFX

Quoting lilizen
hi mr udine pleas correct me if I'm wrong in a 10k account stop-loss 10 pip take profit 5 pip 3pip for broker 2 pip for me if risk be at 10 percent per trade therefor the size of every trade should be 10 lots right??? so if i want to make money i should win 6 trade out of 7 trades(86 percent more and less) because every trade only gives me 200$ and if i lose 1 trade i actually lost 1000$ so mr udine do you have have 86 percent wining rate do you win enough so at the end of the week you'd be able to say this week i made 1000$ don't give me wrong...
  • #24,348
  • Dec 10, 2014 1:37am Dec 10, 2014 1:37am
Morning guys,

Very nice trades on tokyo session, I am waiting for London open...

Green pips to everyone today!
  • #24,349
  • Dec 10, 2014 1:44am Dec 10, 2014 1:44am
Trade #4 - EURJPY [+5 pips]

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15_10_12_14.png Size: 52 KB


Previous bullish engulfing candle. Price bouncing off Daily Pivot and strong resistance level at 147.700
  • #24,350
  • Dec 10, 2014 1:49am Dec 10, 2014 1:49am
Good morning
GY +5
was late for EJ would be also +5
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  • #24,351
  • Dec 10, 2014 1:53am Dec 10, 2014 1:53am
Quoting Aim4Pips
Trade #4 - EURJPY [+5 pips] {image} Previous bullish engulfing candle. Price bouncing off Daily Pivot and strong resistance level at 147.700
You were one bar early (if u use 15 min rules)
Otherwise Good trade
  • #24,352
  • Dec 10, 2014 2:18am Dec 10, 2014 2:18am
Gj SL
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  • #24,353
  • Dec 10, 2014 2:23am Dec 10, 2014 2:23am
Good morning everyone

For me, i think EJ and GJ are risky pairs right now.... almost every bar is a 20+ pip movement.
It can go for you and then reverse or go to SL and 3 minutes later to TP.
Have to take a closer look, maybe at a lower time frame, but right now those pairs scare me.

Asmodai
  • #24,354
  • Dec 10, 2014 2:23am Dec 10, 2014 2:23am
Quoting GoForPip
{quote} You were one bar early (if u use 15 min rules) Otherwise Good trade
Noted. It was a classic bounce of the Daily Pivot with an engulfing pattern. It was definitely a good entry.

Thanks for pointing it out.
  • #24,355
  • Dec 10, 2014 2:25am Dec 10, 2014 2:25am
Quoting Topro
Gj SL {image}{image}
Hi Topro,

With a spread so high, you canīt be profitable with this strategy. GJ has often a high spread, but your broker is not very nice.

Besides, you should have choosen EJ (TP at 9:00)

Take care
  • #24,356
  • Dec 10, 2014 2:32am Dec 10, 2014 2:32am
-5 pips sl EURJPY. What was wrong?

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  • #24,357
  • Dec 10, 2014 2:43am Dec 10, 2014 2:43am
Quoting Aim4Pips
Trade #4 - EURJPY [+5 pips] {image} Previous bullish engulfing candle. Price bouncing off Daily Pivot and strong resistance level at 147.700

With the long leg down in the Tokio session it looks like a possible harmonic pattern is forming.

The signal ocurred on the B to C leg. But think it was good enough for 5 pips
Attached Image (click to enlarge)
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  • #24,358
  • Dec 10, 2014 2:43am Dec 10, 2014 2:43am
Quoting totowah
{quote} Hi Topro, With a spread so high, you canīt be profitable with this strategy. GJ has often a high spread, but your broker is not very nice. Besides, you should have choosen EJ (TP at 9:00) Take care
Thanks for the comment.
I know that the spread large, but essentially it does not change in any case, this SL.
EJ has formed a doji 1 H graph, also not the best choice.
Now I am looking for a broker with good spreads and commission.
  • #24,359
  • Dec 10, 2014 2:58am Dec 10, 2014 2:58am
Quoting Asmodai
Good morning everyone For me, i think EJ and GJ are risky pairs right now.... almost every bar is a 20+ pip movement. It can go for you and then reverse or go to SL and 3 minutes later to TP. Have to take a closer look, maybe at a lower time frame, but right now those pairs scare me. Asmodai
Same thoughts here Asmodai, currently focussing on GU and EU, but don't see a clear trend there either, so coffee time for now.
Persistence will get it. Consistency will keep it.
  • #24,360
  • Dec 10, 2014 3:21am Dec 10, 2014 3:21am
But be careful. The following entry ocurred near the top of a possible gartley pattern on the AUDUSD.

stack all your odds in your favour
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