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As simple as possible: 00 level trading

  • #30,521
  • Apr 30, 2015 4:01am Apr 30, 2015 4:01am
Quoting firewight
{quote} If you use the 00levels15m scripts these dont set stops OR tp's, so you can configure your wukar trailing ea to handle those and let it run. Only prob is ive found a trailing seems to hit the BE quite often before it runs. I'm sure some tweaking could fix this though, I didnt really play too much with it!
Many thanks to you Firewight, Tradista & Asmodai. Yes, as you suggest the right way could be to tweak the wukar so that when these long runs happen you can manage the trade manually and maybe take some pips more (is this a sign of greed resurfacing ?)
Porta itineris dicitur longissima esse
  • #30,522
  • Apr 30, 2015 4:10am Apr 30, 2015 4:10am
Quoting bubincka
{quote} Many thanks to you Firewight, Tradista & Asmodai. Yes, as you suggest the right way could be to tweak the wukar so that when these long runs happen you can manage the trade manually and maybe take some pips more (is this a sign of greed resurfacing ?)
I would think, as long as you arent risking any more than you already would be, then this would simply be smarter trading

I might explore this myself, let me know if you find a good setup!
Life is like a snickers, its full of nuts!
  • #30,523
  • Apr 30, 2015 4:12am Apr 30, 2015 4:12am
GDay ALL,

nice day did some 00-Level and Basket Trades today! +18%

Nice way to finish the day and the month!

GREEN pips to ALL

Cya
  • #30,524
  • Apr 30, 2015 4:19am Apr 30, 2015 4:19am
Quoting daytrade5
{quote} Excellent start LuXing!!!
Yes my friend. But it s not enough...

AUDUSD to TP.

LuXing
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Wisdom begins in wonder
  • #30,525
  • Apr 30, 2015 4:20am Apr 30, 2015 4:20am
Quoting bubincka
{quote} Many thanks to you Firewight, Tradista & Asmodai. Yes, as you suggest the right way could be to tweak the wukar so that when these long runs happen you can manage the trade manually and maybe take some pips more (is this a sign of greed resurfacing ?)
Greed is something we have to fight with every day, i know i do. Not the "i want to get rich in 2 days" greed, for me its more the "pips left on the table" greed.

I know i've tried every kind of SL/TP combinations. The problem with that is that we lose focus.

Right not i'm using a 10 TP not because of greed but because my observations tell me that it works (on Udines 4 pairs) and it gives me peace of mind knowing that i only need a winner to offset a loser. But like always you have to chose your trades carefully.

At the end of the day, greed will always be there calling for you.

Asmodai
  • #30,526
  • Apr 30, 2015 4:23am Apr 30, 2015 4:23am
AudUsd breakeven SL hit followed by a move down to TP. Really debated entering on the prior bar from 0.79500 with the market breaking the body of the previous 1Hr body.
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"Amat Victoria Curam" Victory Loves Preparation
  • #30,527
  • Apr 30, 2015 6:00am Apr 30, 2015 6:00am
Quoting Asmodai
{quote} Greed is something we have to fight with every day, i know i do. Not the "i want to get rich in 2 days" greed, for me its more the "pips left on the table" greed. I know i've tried every kind of SL/TP combinations. The problem with that is that we lose focus. Right not i'm using a 10 TP not because of greed but because my observations tell me that it works (on Udines 4 pairs) and it gives me peace of mind knowing that i only need a winner to offset a loser. But like always you have to chose your trades carefully. At the end of the day, greed...
Asmodai, do you use TS when using 10pip TP?
  • #30,528
  • Apr 30, 2015 6:07am Apr 30, 2015 6:07am
Quoting mokuro89
{quote} Asmodai, do you use TS when using 10pip TP?
I'm still trying with and without TS. If i look at the CSM and its 1º vs 8º for exemple, i take the TS off, if its more a PA trade i tend to leave the TS at 5 pips on.

Asmodai
  • #30,529
  • Apr 30, 2015 6:51am Apr 30, 2015 6:51am
GJ S SL
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  • #30,530
  • Apr 30, 2015 8:04am Apr 30, 2015 8:04am
AUD is the weakest currency since opening in London.

I see friends going into other couples, nothing against ...

If sold AUD against other currencies would have won. EURO ranked first for long.

Have you had friends here who pergutaram if the strength of the currencies remain changing. "The strength of the currencies are not changing" As I said, the weaker currency (8th) usually stay for long.

In this way I see no reason to stay friends looking outroa pairs alongside the n addition 1x8 ... or ... buy the family stronger currency, or sell the family weaker currency.
  • #30,531
  • Apr 30, 2015 8:17am Apr 30, 2015 8:17am
Quoting Robinho
AUD is the weakest currency since opening in London. I see friends going into other couples, nothing against ... If sold AUD against other currencies would have won. EURO ranked first for long. Have you had friends here who pergutaram if the strength of the currencies remain changing. "The strength of the currencies are not changing" As I said, the weaker currency (8th) usually stay for long. In this way I see no reason to stay friends looking outroa pairs alongside the n addition 1x8 ... or ... buy the family stronger currency, or sell the family...
Very true Robinho. Do you look at the ADR in your trading? Because for EURAUD, the RmUP is red (-120) and according to Udine, we should not go long.

Please continue to post your trades. Its very interesting to watch how you trade. Thank you.

Cheers.
Do good and disappear...
  • #30,532
  • Apr 30, 2015 8:18am Apr 30, 2015 8:18am
Second trades of the day.

GBPUSD @TP +20, done for today.

Cheers.
Attached Image (click to enlarge)
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Time always comes before price
  • #30,533
  • Apr 30, 2015 8:22am Apr 30, 2015 8:22am
USDCAD to TP.

LuXing
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Wisdom begins in wonder
  • #30,534
  • Apr 30, 2015 8:31am Apr 30, 2015 8:31am
GBPUSD to TP.

LuXing
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Wisdom begins in wonder
  • #30,535
  • Apr 30, 2015 8:36am Apr 30, 2015 8:36am
Quoting fxrabbi
Second trades of the day. GBPUSD @TP +20, done for today. Cheers. {image}
10 pip SL?
  • #30,536
  • Apr 30, 2015 8:39am Apr 30, 2015 8:39am
An absolute lucky BE trade in the EurUsd after making a bone-headed decision. Prior bar had barly closed below the Open (expect a reaction). EurJpy while in sync was trading into and stalling at the BRN. Lesson Learned - - - PATIENCE
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"Amat Victoria Curam" Victory Loves Preparation
  • #30,537
  • Apr 30, 2015 8:41am Apr 30, 2015 8:41am
Quoting bluejack
{quote} 10 pip SL?
No.

TP = 20pips
BE = 10pips
SL = 20pips

NB: All fixed before excution of trade.

Cheers
Time always comes before price
  • #30,538
  • Apr 30, 2015 8:43am Apr 30, 2015 8:43am
Quoting fxrabbi
{quote} No. TP = 20pips BE = 10pips SL = 20pips NB: All fixed before excution of trade. Cheers
Thank You..!
  • #30,539
  • Apr 30, 2015 8:52am Apr 30, 2015 8:52am
Quoting VinceHS
{quote} Very true Robinho. Do you look at the ADR in your trading? Because for EURAUD, the RmUP is red (-120) and according to Udine, we should not go long. Please continue to post your trades. Its very interesting to watch how you trade. Thank you. Cheers.
Rm up - 120 now,,, the opening of London was not ... see the entries that did so opened in London post 30,512.

EURAUD I bought 1.3940


At the opening of NY force was changing and after the news,,, USD rose to the strongest currency.


Best time to do the entrads undoubtedly is opening in London, because then the prices are worn.


Tomorrow at the opening of London will do again the 14 entries, 07 entries with the strongest currency and 07 entries with the weakest., As did the post 30 512


one big hug
  • #30,540
  • Apr 30, 2015 8:54am Apr 30, 2015 8:54am
Quoting bluejack
{quote} Thank You..!
You are welcome.
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Time always comes before price
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