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As simple as possible: 00 level trading

  • #25,601
  • Jan 10, 2015 12:52am Jan 10, 2015 12:52am
Anyone availed of commission rebates from ECN brokers? Are there any hidden pitfalls in such rebates? This will help us reduce the real TP for 5 pip profit.
  • #25,602
  • Jan 10, 2015 8:05am Jan 10, 2015 8:05am
I did some order on statistics of my trading week. I ranked as a Win any operation with success more than 1, Loss as a all transactions with success less than 1, as a TS any operation with success between 0 and 1. What came out I do not like at all, the percentage of TS is acceptable, that of TP and SL not at all, being virtually the same to 41,38%. The final score is - 3.2%. I must move at least a 20% from losses to victories, To do so I have to be more selective. The must-have for next week will be: 1 single operation per hour, only operations where all indicators (ASH, HA) are in agreement, only operations after a study of the pa, S & R, pivot. I noticed that a stop wider, would have prevented several loss. I will use a stop of 15 pips and a TP 10 pips, BE after 5 pips and no TS ...
Let's see what happens ...
Enjoy your weekend
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  • #25,603
  • Jan 10, 2015 8:43am Jan 10, 2015 8:43am
Quoting Udine
if you take 1 trade per hour, and if that trade is a loss of 10 pips, do you stop trading for the day ? nope say you take 1 trade in the hour, at level 172.300. a long trade. you get your 5 pips. next hour, again you enter long at 172.300 as price went down then came back up to that level again, is that entry allowed ? i.e. entering several times at one particular level. yes also, it seems you enter on the 15 min charts when the price reaches the pending 00 levels. but are you not supposed to check the 1 hr chart to see of it agrees with the daily...

Hi Udine... I started to reread the 3d , the answer that you gave in this post , makes me think of you when you have a previous hourly candle that closes not in agreement with D1 , do not take the trade , right?
the link to the post...http://www.forexfactory.com/showthre...18#post7512618
  • #25,604
  • Jan 10, 2015 10:42am Jan 10, 2015 10:42am
With the respect of everyone, in my opinion every one who traded on Friday the 9th is just a Gambler not a trader
FREEDOM IS NOT FREE
  • #25,605
  • Jan 10, 2015 11:22am Jan 10, 2015 11:22am
Quoting tantor1973
With the respect of everyone, in my opinion every one who traded on Friday the 9th is just a Gambler not a trader
Maybe you're right!
  • #25,606
  • Jan 10, 2015 11:25am Jan 10, 2015 11:25am
Quoting tantor1973
With the respect of everyone, in my opinion every one who traded on Friday the 9th is just a Gambler not a trader
Hi Tantor,

Maybe you are right, but honeslty, I didn't see much "strange" behaviour prior to the news.
Perhaps I was just lucky.

Kind regards,

Gizmo96
  • #25,607
  • Jan 11, 2015 7:56pm Jan 11, 2015 7:56pm
Hi
I use Udines Buy/Sell scripts testing the 00 Levels and have found them very useful and have started using them else where as well and was wondering if someone could do me a modified version that works the same but places the pending order X distance from the "Daily Open Line" indicator all the other settings stay the same.

Thanks
  • #25,608
  • Jan 11, 2015 10:20pm Jan 11, 2015 10:20pm
Hi guys, I wish all a good start for this day, week, month and year!!!

May we all get our green pips!

PDF&BCC and a bit luck

Greetz Michael
  • #25,609
  • Jan 11, 2015 10:37pm Jan 11, 2015 10:37pm
Quoting mwsteiner
Hi guys, I wish all a good start for this day, week, month and year!!! May we all get our green pips! PDF&BCC and a bit luck Greetz Michael
All the best to you too Michael..........

May we all prosper in whatever market 2015 brings!

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #25,610
  • Jan 11, 2015 11:01pm Jan 11, 2015 11:01pm
Good morning all,

today is the start for 2015..

a new year full of opportunities...

enjoy the ride..

PDF & BCC

Udine
Sleep less, live fast, as it aint gonna last
  • #25,611
  • Jan 11, 2015 11:02pm Jan 11, 2015 11:02pm
Quoting nobby911
Hi I use Udines Buy/Sell scripts testing the 00 Levels and have found them very useful and have started using them else where as well and was wondering if someone could do me a modified version that works the same but places the pending order X distance from the "Daily Open Line" indicator all the other settings stay the same. Thanks

please post your request in the platform tech, as it has nothing to do with this strategy..

thx in advance

Udine
Sleep less, live fast, as it aint gonna last
  • #25,612
  • Jan 11, 2015 11:47pm Jan 11, 2015 11:47pm
Buenos días!

All the best to you guys in this new year, good luck and green pips to all!
  • #25,613
  • Jan 12, 2015 12:10am Jan 12, 2015 12:10am
Good morning and good trading to everyone.

Asmodai
  • #25,614
  • Jan 12, 2015 12:11am Jan 12, 2015 12:11am
Wish you all fabulous number of pips in 2015. Thanks Udine.
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  • #25,615
  • Jan 12, 2015 12:21am Jan 12, 2015 12:21am
Good morning all and happy trading in 2015.
1st trade of the day GY
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  • #25,616
  • Jan 12, 2015 12:24am Jan 12, 2015 12:24am
CJ to SL (sell into Support my fault!!)
EU to BE (would be TP but i want 10pipsTP)

so not the best Start but all my fault so PDF&BCC!!

Greetz Michael
  • #25,617
  • Jan 12, 2015 12:35am Jan 12, 2015 12:35am
Trade #1 EU +5 TP
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  • #25,618
  • Edited 2:07am Jan 12, 2015 12:37am | Edited 2:07am
[15M] EU to TS +1.1
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  • #25,619
  • Jan 12, 2015 12:43am Jan 12, 2015 12:43am
Morning all ! Just closed trade by TS.
But its better what nothing
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Money Hunter From The Big Boys
  • #25,620
  • Jan 12, 2015 12:44am Jan 12, 2015 12:44am
Quoting yelena
Exit: M15 close. 26 more days to observe. Net total: +45 points (+8.1% Done for the day. {image}
Your using 1H system entry right??

Great results.

Asmodai
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