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As simple as possible: 00 level trading

  • #32,161
  • Jul 7, 2015 2:34am Jul 7, 2015 2:34am
Quoting bapakjason
+ slippage with TP at 6pips (but pushed hard to 8.1): {image}
dollar all green hm, that let me thinking. It could be at SR, oversold and ready for a pullback so you have big chance for draw down. when you wont to enter at a pullback never all is green. but for pick the pair and the direction and then see the chart should be ok. so how do you trade it.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #32,162
  • Jul 7, 2015 2:56am Jul 7, 2015 2:56am
Quoting bapakjason
+ slippage with TP at 6pips (but pushed hard to 8.1): {image} {image} {image}
  • #32,163
  • Edited 3:29am Jul 7, 2015 2:57am | Edited 3:29am
Quoting Bernhard
{quote} dollar all green hm, that let me thinking. It could be at SR, oversold and ready for a pullback so you have big chance for draw down. when you wont to enter at a pullback never all is green. but for pick the pair and the direction and then see the chart should be ok. so how do you trade it.
Usd strength can be seen on MADash and on CSM giraia. Look at zohaib's trade also. For my trade gbp is the base currency paired with usd. So we expect strong usd to push down gbp (pair is bearish). In zohaib's trade the usd is still strong, but in that pair usd is the base currency. So, we expect the pair to move up (pair is bullish). All green on the MADash does show strength, but direction is based on which currency is the 'base' currency. In my case, gbp/jpy was also moving down in sync with gbp/usd. Also, this trade of mine is L1 for Udine's system. I hope I understood your question and I hope this answer helps.
Jason
  • #32,164
  • Edited 3:19am Jul 7, 2015 3:05am | Edited 3:19am
Good morning everybody,

First trade today hit SL. Udine's simple H1 system, FKT open, .400 lvl and far away from DO, ASH&HA confirm. What do you think?

Thank you in advance
Attached Image (click to enlarge)
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  • #32,165
  • Jul 7, 2015 4:46am Jul 7, 2015 4:46am
Quoting sEit89
Good morning everybody, First trade today hit SL. Udine's simple H1 system, FKT open, .400 lvl and far away from DO, ASH&HA confirm. What do you think? Thank you in advance {image}
In my humble opinion, currently we are trading under difficult market conditions. The market has still low liquidity. Many brokers have informed their clients about it before the last weekend because of the Greek crisis.

Jibala
PDF & BCC (Patience Discipline Focus & Belief Confidence Consistency)
  • #32,166
  • Edited 5:44am Jul 7, 2015 5:31am | Edited 5:44am
First time watching JPY so strong in excel CSM.
  • #32,167
  • Jul 7, 2015 5:35am Jul 7, 2015 5:35am
Quoting dan55
{quote}
Thanks for the encouragement.
  • #32,168
  • Jul 7, 2015 5:42am Jul 7, 2015 5:42am
1st trade of the day:

EURUSD to TP =+20pips.

Trade Ideas:

1. Sync in trade.
2. PA in action.
3. Strength.

Cheers,
Yomi
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Click to Enlarge Name: EURUSDM15.png Size: 55 KB
Time always comes before price
  • #32,169
  • Jul 7, 2015 5:45am Jul 7, 2015 5:45am
Quoting JibalaPasan
{quote} In my humble opinion, currently we are trading under difficult market conditions. The market has still low liquidity. Many brokers have informed their clients about it before the last weekend because of the Greek crisis. Jibala
Hello Jibala,

Thank you for your answer. It is true that brokers recommend be very cautious due to Greek crisis, I have received many emails. I wish better market conditions soon but I don't think this problem will be solved in a few days and It will be very difficult trading in the short/medium term.

Good luck and stay green,
Regards
  • #32,170
  • Jul 7, 2015 6:01am Jul 7, 2015 6:01am
2nd trade of the day:

GBPUSD to TP =+20pips.

Trade Ideas:

1. Sync in trade.
2. PA in action.
3. Strength.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 58 KB
Time always comes before price
  • #32,171
  • Jul 7, 2015 6:35am Jul 7, 2015 6:35am
Buenos días,

Trade #1 o/t day: GBPUSD +2 pips. Manual close when Red News approached and TP still not hit.
Trade #2 o/t day: EURUSD TP, before placing the pending order, waited a while until the market decided whether to go above or below the BRN.

LuXing
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Wisdom begins in wonder
  • #32,172
  • Jul 7, 2015 6:37am Jul 7, 2015 6:37am
Quoting sEit89
Good morning everybody, First trade today hit SL. Udine's simple H1 system, FKT open, .400 lvl and far away from DO, ASH&HA confirm. What do you think? Thank you in advance {image}
I think you shouldn´t trade Frankfurt Open, but wait for London to open.
Especially in view of the "Greek" situation.

Secondly, try to avoid placing trades, if your Stop Loss is (almost) on the other side of the Daily Open.

LuXing
Wisdom begins in wonder
  • #32,173
  • Jul 7, 2015 6:42am Jul 7, 2015 6:42am
Quoting fxrabbi
2nd trade of the day: GBPUSD to TP =+20pips. Trade Ideas: 1. Sync in trade. 2. PA in action. 3. Strength. Cheers, Yomi {image}
nice and profitable !

However, risky with ATR at 150% and RmDn very deep in red...

LuXing
Wisdom begins in wonder
  • #32,174
  • Jul 7, 2015 8:21am Jul 7, 2015 8:21am
Last trade for today:

EURUSD to BE = +10pips. total today = +50pips

This is my new way of trading: pure PA round breakout and pullback.

Trade Ideas:

1. Sync in price.
2. Strength.
3. pullback.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 56 KB
Time always comes before price
  • #32,175
  • Jul 7, 2015 8:36am Jul 7, 2015 8:36am
Quoting fxrabbi
Last trade for today: EURUSD to BE = +10pips. total today = +50pips This is my new way of trading: pure PA round breakout and pullback. Trade Ideas: 1. Sync in price. 2. Strength. 3. pullback. Cheers, Yomi {image}

Great Results.

Do you take same % like 1% = 5pip or 10pips

Thanks
  • #32,176
  • Jul 7, 2015 8:41am Jul 7, 2015 8:41am
Quoting fxrabbi
Last trade for today: EURUSD to BE = +10pips. total today = +50pips This is my new way of trading: pure PA round breakout and pullback. Trade Ideas: 1. Sync in price. 2. Strength. 3. pullback. Cheers, Yomi {image}
So, now you can turn off those bars at bottom
  • #32,177
  • Jul 7, 2015 8:41am Jul 7, 2015 8:41am
Quoting fxrabbi
Last trade for today: EURUSD to BE = +10pips. total today = +50pips This is my new way of trading: pure PA round breakout and pullback. Trade Ideas: 1. Sync in price. 2. Strength. 3. pullback. Cheers, Yomi {image}
Hi Yomi,
Very successful trading in a very uncertain market -- I notice the TF your charts reflect now is M15 and not your usual M30 MF. Have you switched permanently or was it inspired by the current difficult and unpredictive market.
  • #32,178
  • Jul 7, 2015 9:00am Jul 7, 2015 9:00am
Quoting fxrabbi
Last trade for today: EURUSD to BE = +10pips. total today = +50pips This is my new way of trading: pure PA round breakout and pullback. Trade Ideas: 1. Sync in price. 2. Strength. 3. pullback. Cheers, Yomi {image}
i like the simpliness of your system, carry on.

Numberman
  • #32,179
  • Jul 7, 2015 9:39am Jul 7, 2015 9:39am
Quoting mkfx
{quote} Great Results. Do you take same % like 1% = 5pip or 10pips Thanks

Yes, 2% for every trade.

Yomi.
Time always comes before price
  • #32,180
  • Jul 7, 2015 9:41am Jul 7, 2015 9:41am
This question mainly intended to live traders, due its nature...

I have seen on my entries (buy stop/sell stop) lots of slippage today, on one entry as much as 5 pips...but even on average 1 pip is more than comfortable.
How do you minimize, if any way the slippage on your orders?
there is always, always another trade!!
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