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As simple as possible: 00 level trading

  • #31,481
  • Jun 2, 2015 3:36am Jun 2, 2015 3:36am
Quoting marcoFF
Thanks so much fxrabbi and daytrade5, especcaily for your patience. If someone wants to comment on the first two trade today I'd be happy! {image}
marcoFF...........I like your EurJpy trade. On the EurUsd I like the 450 level a lot better.
"Amat Victoria Curam" Victory Loves Preparation
  • #31,482
  • Jun 2, 2015 3:44am Jun 2, 2015 3:44am
Thanks guys, your help is really appreciated. I have review EJ and boyh obviusly are right.
Since a key thing is to avoid losses can you tell me (if) I have done something wrong in the entrance @189.450 sell GJ?
Thanks!
  • #31,483
  • Jun 2, 2015 3:49am Jun 2, 2015 3:49am
Quoting marcoFF
Thanks guys, your help is really appreciated. I have review EJ and boyh obviusly are right. Since a key thing is to avoid losses can you tell me (if) I have done something wrong in the entrance @189.450 sell GJ? Thanks!
marcoFF, It looks like you sold 350 and not the 450 level. Not sure what you were looking at. LoL :nerd:
"Amat Victoria Curam" Victory Loves Preparation
  • #31,484
  • Jun 2, 2015 4:01am Jun 2, 2015 4:01am
Quoting daytrade5
{quote} marcoFF, It looks like you sold 350 and not the 450 level. Not sure what you were looking at. LoL :nerd:
.
Yes you are right my falt, i sell @350 because I want have waited the price go trought the DP and WP (i dont set a trade if a pivot line is between the open and TP, right?)

Two trade more @EJ EU:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ+EU.png Size: 161 KB


At EJ the correct entry was at 136.700... ?
  • #31,485
  • Jun 2, 2015 4:02am Jun 2, 2015 4:02am
TS +3.7

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY+M15.png Size: 110 KB
  • #31,486
  • Jun 2, 2015 4:22am Jun 2, 2015 4:22am
TS +2.4

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD+M5.png Size: 113 KB
  • #31,487
  • Jun 2, 2015 4:42am Jun 2, 2015 4:42am
GJ entry long @190.100 TP , GU long @1.52450 SL
Attached Image (click to enlarge)
Click to Enlarge Name: GU+GJ.png Size: 114 KB
  • #31,488
  • Jun 2, 2015 5:03am Jun 2, 2015 5:03am
Quoting marcoFF
GJ entry long @190.100 TP , GU long @1.52450 SL {image}
marcoFF I didn't have an issue with your trade in the GbpJpy. On the GbpUsd it looks to me like you took the trade right at resistance. There were already had 2 30min candles bounce off of the 450 level before you placed you order at that exact same level. I would have looked at entering at the 500 level level above the resistance. That order would have eventually been filled for a winner.
"Amat Victoria Curam" Victory Loves Preparation
  • #31,489
  • Jun 2, 2015 5:28am Jun 2, 2015 5:28am
Thank as always. At the moment today I have 8 TP, 3 SL and 4 TS (not count 2 minor loss, my mistake).
It can be a +0.6%, and i have paid more or less 16.48e of commision that like a -16% (all related to a 1 account).
I am very niewbie and a do a lot of error, but maybe i should change something in my RR ratio.
Any suggestion?
Attached Image (click to enlarge)
Click to Enlarge Name: today.png Size: 92 KB
  • #31,490
  • Jun 2, 2015 5:31am Jun 2, 2015 5:31am
Quoting marcoFF
Thank as always. At the moment today I have 8 TP, 3 SL and 4 TS (not count 2 minor loss, my mistake). It can be a +0.6%, and i have paid more or less 16.48e of commision that like a -16% (all related to a 1 account). I am very niewbie and a do a lot of error, but maybe i should change something in my RR ratio. Any suggestion? {image}
Nice job.....at least 2 of the SL never should have happened which would have made a dramatic difference in your final results. As an example, review post# 31,490 and that chart.
"Amat Victoria Curam" Victory Loves Preparation
  • #31,491
  • Jun 2, 2015 5:40am Jun 2, 2015 5:40am
Hey all! Appreciate everyone's input on this thread to make it what it is.
I see this indicator on the thread that arranges currencies vertically according to their strengths.
Can someone please give a link on where to get it.
KISS!
L.L.L.T
  • #31,492
  • Jun 2, 2015 6:11am Jun 2, 2015 6:11am
Quoting daytrade5
{quote} marcoFF..........When this thread first started, the method was traded using 15min charts. I have always been comfortable with that timeframe. I am using the same entry rules as the 30min chart applied to the 15min chart. As far as the TS settings, I have mine set to "false". I still have the BE set at 3.5pips. The indicator was created by Swingman under this thread: http://www.forexfactory.com/showthread.php?t=531845 post #29 the indicator is called sm00Level...
Daytrade5,
I'm checking out swingman's indi. Just curious why it's on some of your trades but not others?
Thanks in advance,
Jason
  • #31,493
  • Jun 2, 2015 6:12am Jun 2, 2015 6:12am
Quoting marcoFF
Thank as always. At the moment today I have 8 TP, 3 SL and 4 TS (not count 2 minor loss, my mistake). It can be a +0.6%, and i have paid more or less 16.48e of commision that like a -16% (all related to a 1 account). I am very niewbie and a do a lot of error, but maybe i should change something in my RR ratio. Any suggestion? {image}
Why dont you do the followings for NOW:

1. Only Level 1 entry.

2 . Only the 4 core pairs.

3. The PDF & BCC.

Cheers,
Yomi
Time always comes before price
  • #31,494
  • Jun 2, 2015 6:46am Jun 2, 2015 6:46am
Quoting bapakjason
{quote} Daytrade5, I'm checking out swingman's indi. Just curious why it's on some of your trades but not others? Thanks in advance, Jason
I have everything setup on my main computer which had a minor crash this morning. That left me trading from my wife's laptop until I got things resolved.
"Amat Victoria Curam" Victory Loves Preparation
  • #31,495
  • Jun 2, 2015 7:24am Jun 2, 2015 7:24am
gbp/usd ts +4.3

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD+M5.png Size: 116 KB
  • #31,496
  • Jun 2, 2015 7:38am Jun 2, 2015 7:38am
Quoting daytrade5
{quote} I have everything setup on my main computer which had a minor crash this morning. That left me trading from my wife's laptop until I got things resolved.
understood. thanks. i assume there is no real difference between the two? swingman's just simplified a bit by consolidating into one indi?
nice trades, by the way.
jason
  • #31,497
  • Jun 2, 2015 7:41am Jun 2, 2015 7:41am
Quoting bapakjason
{quote} understood. thanks. i assume there is no real difference between the two? swingman's just simplified a bit by consolidating into one indi? nice trades, by the way. jason
That is correct.......it is identical, just a different look.
"Amat Victoria Curam" Victory Loves Preparation
  • #31,498
  • Jun 2, 2015 7:44am Jun 2, 2015 7:44am
Hey guy

which broker are you guys using now? I have tried FXCM, XM and Exness . These broker's demo account offer high spreads on common pairs like EU and GU pairs .
  • #31,499
  • Jun 2, 2015 8:26am Jun 2, 2015 8:26am
EURJPY = +20pips
EURUSD = +20pips

Comments:

A good retracement trading back up by the following:

1. pairs in sync.
2. good strength/volume/momentum.
3. exposed by macd.

Cheers,
Yomi
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 64 KB
Click to Enlarge Name: EURUSDM15.png Size: 65 KB
Time always comes before price
  • #31,500
  • Jun 2, 2015 9:01am Jun 2, 2015 9:01am
Quoting fxrabbi
EURJPY = +20pips EURUSD = +20pips Comments: A good retracement trading back up by the following: 1. pairs in sync. 2. good strength/volume/momentum. 3. exposed by macd. Cheers, Yomi {image} {image}
good 40!
Why did u wait to enter? Watching momentum at round numbers?
jason
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