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As simple as possible: 00 level trading

  • #26,601
  • Feb 11, 2015 2:24am Feb 11, 2015 2:24am
[Demo] 7.5 TP 10SL 5TS

#1 UJ to TS -0.2

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 48 KB


#2 EJ to TP +7.5

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 45 KB


#3 GU to TS +1.4

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 43 KB


#4 EU close manually, i set pending order at 200 lv, because the price seem getting a huge bull before LO and it will continue by the new money, but the price closed above 200lv so i closed.
#5 EU to SL -10

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 42 KB


Comment: it could be a nice TP but it will violated the rules and i opened 2 order same pair same hour. So it is a double violation.

Numberman
  • #26,602
  • Feb 11, 2015 2:35am Feb 11, 2015 2:35am
Good morning and good trading everyone.

Trades #1 and #2, EJ and GJ, 1h method, "flexible" exit........ +29 total

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 47 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 47 KB


Comment: i'm calling my exit strategy "flexible" to avoid confusion with the end of bar exit.
I still exit at the end of bar, but move my TP to +5, +30 or any other point where i expect resistance.

Asmodai
  • #26,603
  • Feb 11, 2015 2:40am Feb 11, 2015 2:40am
Quoting Asmodai
Good morning and good trading everyone. Trades #1 and #2, EJ and GJ, 1h method, "flexible" exit........ +29 total {image} {image} Comment: i'm calling my exit strategy "flexible" to avoid confusion with the end of bar exit. I still exit at the end of bar, but move my TP to +5, +30 or any other point where i expect resistance. Asmodai
Good job

Numberman
  • #26,604
  • Feb 11, 2015 4:06am Feb 11, 2015 4:06am
Trade #3 GJ 1h method, flexible exit...... -10

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 49 KB


Asmodai
  • #26,605
  • Feb 11, 2015 4:24am Feb 11, 2015 4:24am
As you can see in my trade above this post, i opened @300 and not @200 because it was too close. An open @200 would have been a win.
This is one of the areas where i still miss alot, should i have waited a bit to see where price would go? Should i not take the trade? These are some of the questions that i always ask myself after a trade like this one.
Alot more study is needed.

Asmodai
  • #26,606
  • Feb 11, 2015 5:22am Feb 11, 2015 5:22am
Quoting yelena
{quote} That is what you call evolution! Amazed that you saw precisely what I wanted to share (after 30 days). So glad for you to see and understand the concept at such an early stage! That was supposedly phase 2. The rewards, are better, isn't it? EXITs are critical, whether it's SL or TP. Patience. Discipline. Focus. I hear, I may forget. I see, I may remember. I do, I understand. And you are there, a success! And because now you understand I hope I can hasten your prosperity with these: 1. Use Wheelbarrel. When price reaches +10 that's the time...
Hi Yelena, thank you for your words.
I'm working alot on my trading and studying alot whenever i have time from my full time job. I try to improve every day.

I'l take a look at the scripts. I have been using a combination of the 00 scripts and several presets of the wheelbarrel, depending on the situation and where i expect the price to go.
The hidden SL is always at 10, the TP i move depending on the situation.

Asmodai
  • #26,607
  • Feb 11, 2015 6:01am Feb 11, 2015 6:01am
Quoting yelena
@ Adam 84 It is said, "You cannot enrich yourself, without enriching others." Share the love, right? @ Asmodai Q: Did you realize why you see what you are seeing? A: It's because you don't know yet anything BS FoRex, yet. Let me encourage by asking you to stop learing any BS FoRex. Because once you see them, they are hard to unlearn. Like a Pandora's box. This system stays away from scheduled news, therefore, do so. And NFP day is a 3-day weekend. Increase your chances by positioning during EU first 3 hours, when the flood comes. Else, do NY...
Does this also mean you took the trades at FF opening on GBP/JPY and EUR/JPY today?
  • #26,608
  • Feb 11, 2015 6:01am Feb 11, 2015 6:01am
Quoting yelena
@ Adam 84 It is said, "You cannot enrich yourself, without enriching others." Share the love, right? @ Asmodai Q: Did you realize why you see what you are seeing? A: It's because you don't know yet anything BS FoRex, yet. Let me encourage by asking you to stop learing any BS FoRex. Because once you see them, they are hard to unlearn. Like a Pandora's box. This system stays away from scheduled news, therefore, do so. And NFP day is a 3-day weekend. Increase your chances by positioning during EU first 3 hours, when the flood comes. Else, do NY...
Do you count FF open as one of the EU hours or just from London?

Asmodai
  • #26,609
  • Feb 11, 2015 6:25am Feb 11, 2015 6:25am
Quoting yelena
@Asmodai: FF open counted. In your chart (at GMT +2) that's 9 am to 12 noon @piphunt3r : Yes
Thank you for your reply. So you closed the two trades at the end of the M15 bar because both exceeded -10 and moved on with London Open.
  • #26,610
  • Feb 11, 2015 6:28am Feb 11, 2015 6:28am
thank you for sharing
  • #26,611
  • Feb 11, 2015 7:05am Feb 11, 2015 7:05am
Quoting yelena
@piphunt3r: Yes. Despite that you should have closed at +7.94% today.
I wish

I have to test it further. The doubting thougths before entering upset my plans everytime.
  • #26,612
  • Feb 11, 2015 7:26am Feb 11, 2015 7:26am
@piphunt3r : Plan the trade. Trade the plan.

Shakespeare — 'Our doubts are traitors, and make us lose the good we often might win, by fearing to attempt.

I hear, I forget.
I see, I may remember.
I do, I understand.
  • #26,613
  • Feb 11, 2015 7:30am Feb 11, 2015 7:30am
Simply great words to live by....I concur!
  • #26,614
  • Feb 11, 2015 8:00am Feb 11, 2015 8:00am
Quoting Asmodai
Trade #3 GJ 1h method, flexible exit...... -10 {image} Asmodai
hi.. can u post indicator / templet please
  • #26,615
  • Feb 11, 2015 8:42am Feb 11, 2015 8:42am
Trade#2 EURJPY TP +5 (h1 method)

Very happy to have "normal" volumes back, watching charts in asian session during Japanese bank holiday is painful.

@numberman: Will be watching your tweaked TP,TS,SL with curiosity. Good luck and thanks for sharing.

@Asmodai:Flexible exit is intriguing. It's great that you are continuing the work started by senior members. I have started collecting your charts, now i just need to find a way to catch the disappearing posts ;-)

@mkdeep: Set-up a chart as outlined on page1 and post a screenshot. After that plenty of member will be happy to answer specific questions.

http://s18.postimg.org/b1g5rfkbt/Scr...9_05_50_AM.png
  • #26,616
  • Feb 11, 2015 9:36am Feb 11, 2015 9:36am
GU to TS [H1]
Comment: this time bounce from DO didn't work, USD too strong, having TS active saved me from a SL.
Attached Image (click to enlarge)
Click to Enlarge Name: GU_TS.png Size: 48 KB
Porta itineris dicitur longissima esse
  • #26,617
  • Feb 11, 2015 9:44am Feb 11, 2015 9:44am
Quoting bubincka
GU to TS [H1] Comment: this time bounce from DO didn't work, USD too strong, having TS active saved me from a SL. {image}
All you had to do really was to take a look at the USDCAD and the USDJPY pairs and clearly they are racing up to the moon (very strong USD)

TS saved the day....... sometimes the insurance is worth it!

Masterrmind............
Master your Mind then Master your Trades
  • #26,618
  • Feb 11, 2015 10:35am Feb 11, 2015 10:35am
Quoting Masterrmind
{quote} All you had to do really was to take a look at the USDCAD and the USDJPY pairs and clearly they are racing up to the moon (very strong USD) TS saved the day....... sometimes the insurance is worth it! Masterrmind............
Still learning and it's a long way, so sticking to basic pairs... I'm tempted to look at others but I must be disciplined since I'll become profitable in a consistent manner.
The only exception I do sometimes is for UJ and today, as you say, it sky-rocketed but I've lost the only valid entry @119.800 according to H1 rules.
Looking back only some weeks, I'm very happy with a day without losses

Best,
Bubincka
Porta itineris dicitur longissima esse
  • #26,619
  • Feb 11, 2015 10:41am Feb 11, 2015 10:41am
[Demo] Trade from earlier

#6 UJ to TP +7.3

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM15.png Size: 53 KB


Numberman
  • #26,620
  • Edited 5:35pm Feb 11, 2015 5:22pm | Edited 5:35pm
Trade #1 EURJPY TP 5pips (H1 Method)

JPY was very strong against EUR and USD . . . I was hesitant because trade was pre-tokyo open, but plenty of momentum existed and TP was hit. Also, spread was higher than usual for this pair before i set pending, about 2.2pips.

Edit: halfway done before tokyo feels good :-)

N.

http://s27.postimg.org/ww6z1zds3/Scr...6_16_33_PM.png
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