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As simple as possible: 00 level trading

  • #32,181
  • Jul 7, 2015 9:44am Jul 7, 2015 9:44am
Quoting snail69
{quote} So, now you can turn off those bars at bottom
LOL so you notice this and you did not advise againt it, you are a bad guy.
Time always comes before price
  • #32,182
  • Jul 7, 2015 9:49am Jul 7, 2015 9:49am
Quoting numberman
{quote} i like the simpliness of your system, carry on. Numberman
Time always comes before price
  • #32,183
  • Jul 7, 2015 10:08am Jul 7, 2015 10:08am
Quoting LuXing
{quote} nice and profitable ! However, risky with ATR at 150% and RmDn very deep in red... LuXing
Yes, I came to the party late, and I felt like taken something from that big move and moreover my PA analysis support that trade. Thank you for your concern.

Yomi
Time always comes before price
  • #32,184
  • Jul 7, 2015 10:27am Jul 7, 2015 10:27am
Quoting Kooza
{quote} 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.
I'm heavly involve in PA trading now: (pure PA around Breakout & Pullback Trading) which heavly support M15 TF.

Thank you.

Yomi
Time always comes before price
  • #32,185
  • Jul 7, 2015 10:44am Jul 7, 2015 10:44am
Quoting fxrabbi
{quote} I'm heavly involve in PA trading now: (pure PA around Breakout & Pullback Trading) which heavly support M15 TF. Thank you. Yomi
Thanks
  • #32,186
  • Jul 7, 2015 12:17pm Jul 7, 2015 12:17pm
I use mean value analysis (theory of probability) to help determine a lot of things on a price chart which you might not have taught was possible:

1. Trend Direction.
2. Trend Strength & Momentum.
3. Signs of Trend Climax/Exhaustion.
4. Ideal Buying and Selling Hot Spots.
5. Over Extension in price/Mean Reversion Trade Opportunities.

That has made me to change the following:

1. Timeframe: M30 to M15.
2. SL : 20pips to 10pips.
3. TP : 20pips.
4. BE : 10pips.


Cheers,
Yomi.
Time always comes before price
  • #32,187
  • Jul 7, 2015 12:51pm Jul 7, 2015 12:51pm
Quoting fxrabbi
I use mean value analysis (theory of probability) to help determine a lot of things on a price chart which you might not have taught was possible: 1. Trend Direction. 2. Trend Strength & Momentum. 3. Signs of Trend Climax/Exhaustion. 4. Ideal Buying and Selling Hot Spots. 5. Over Extension in price/Mean Reversion Trade Opportunities. That has made me to change the following: 1. Timeframe: M30 to M15. 2. SL : 20pips to 10pips. 3. TP : 20pips. 4. BE : 10pips. Cheers, Yomi.
Hi Yomi
Difficult to see on your recent posted charts are you now using "instant" market orders or are to still taking pending orders at 50 and 100 levels or do place pending orders and you manually (mouse shift) adjust your pending orders to your desired position ?
Which MM scripts are you currently using?
Kooza
  • #32,188
  • Jul 7, 2015 12:59pm Jul 7, 2015 12:59pm
Quoting profitfarmer
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?
@profitfarmer

Today´s been not the most "average" day in terms of trading, slippage, etc..
Commodity block currencies at 150% of their ADR, GBP on steroids, not to speak about the EUR.
Take the Greek situation on top of that (liquidity was low), resulting in potentially much higher than usual slippage.

There is only one real way to minimize slippage: trade on demo
A part from that minimizing slippage is beyond your control once you put your pending order.
I have had many a bad fill during the last week and quite some trouble tickets lodged with various brokers.
The only precaution I have taken for now is to make an "bad fill template", where I put a lower BE and TP in the Wukar EA, in case I get badly slipped...

I am currently also looking at opening accounts with serious brokers (min. capital is 5 digits though).
You may PM me if you need details.

Hope this helps.

LuXing
Wisdom begins in wonder
  • #32,189
  • Jul 7, 2015 1:20pm Jul 7, 2015 1:20pm
Quoting fxrabbi
I use mean value analysis (theory of probability) to help determine a lot of things on a price chart which you might not have taught was possible: 1. Trend Direction. 2. Trend Strength & Momentum. 3. Signs of Trend Climax/Exhaustion. 4. Ideal Buying and Selling Hot Spots. 5. Over Extension in price/Mean Reversion Trade Opportunities. That has made me to change the following: 1. Timeframe: M30 to M15. 2. SL : 20pips to 10pips. 3. TP : 20pips. 4. BE : 10pips. Cheers, Yomi.


Great stuff !!!
Are you the forexguy ???

LuXing
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 60 KB
Wisdom begins in wonder
  • #32,190
  • Jul 7, 2015 9:07pm Jul 7, 2015 9:07pm
Still going strong with the 'meter' and CSM...... Thanks Udine.
Attached Images
  • #32,191
  • Jul 7, 2015 9:59pm Jul 7, 2015 9:59pm
Quoting fxrabbi
{quote} I'm heavly involve in PA trading now: (pure PA around Breakout & Pullback Trading) which heavly support M15 TF. Thank you. Yomi
Dear Yomi,
I would like to have CSM with only 4 that you have on the right bottom coner.
If you don't mind , share with us.
I try to modify the 8 pairs one , but didn't work.
Very much appreciate.
thanks
AllHappy
  • #32,192
  • Jul 7, 2015 11:42pm Jul 7, 2015 11:42pm
Sure, Here is it:

just put the 4 core pairs there.
Attached File(s)
File Type: ex4 Currency Strength - Giraia.ex4   13 KB | 330 downloads
Time always comes before price
  • #32,193
  • Jul 8, 2015 1:18am Jul 8, 2015 1:18am
Bon dia!

First trade today, FKT open, GBP/JPY, H1 system.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla 2015-07-08 a las 8.16.35.png Size: 83 KB
  • #32,194
  • Jul 8, 2015 1:58am Jul 8, 2015 1:58am
GBPJPY = +7pips, Manually exit.

Trade Ideas:

1. L1 setup.
2. Sync in pairs.
3. Strength.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 57 KB
Time always comes before price
  • #32,195
  • Jul 8, 2015 2:04am Jul 8, 2015 2:04am
Quoting cycle
Still going strong with the 'meter' and CSM...... Thanks Udine. {image} {image} {image} {image} {image} {image}
hello cycle. please Is your Cms available? if yes, where can i get it?
  • #32,196
  • Jul 8, 2015 2:10am Jul 8, 2015 2:10am
you guys got gbp/jpy, and i got gbp/usd. same + slippage like yesterday (but 30min later). TP set at 6pips, trade ended at 8.5 (could this be the EA slipping . . .?):

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD july8.png Size: 103 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbp MADash july8.png Size: 100 KB


Attached Image
  • #32,197
  • Jul 8, 2015 2:14am Jul 8, 2015 2:14am
EURJPY to BE = +10pips.


Trade Ideas:

1. L1 setup.
2. Sync in pairs.
3. Strength.

Cheers,
Yomi
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15.png Size: 56 KB
Time always comes before price
  • #32,198
  • Jul 8, 2015 2:41am Jul 8, 2015 2:41am
Quoting fxrabbi
EURJPY to BE = +10pips. Trade Ideas: 1. L1 setup. 2. Sync in pairs. 3. Strength. Cheers, Yomi {image}
NICE. i also caught that one with GBPJPY. Both for 10pips each. Bro are you using trailing stop or just Break even, in your opinion, which is Better. I set TS true, BE true. what is your opinion on this?
  • #32,199
  • Jul 8, 2015 2:43am Jul 8, 2015 2:43am
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY july8.png Size: 98 KB


Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy MAdash july8.png Size: 48 KB


Attached Image
  • #32,200
  • Jul 8, 2015 2:46am Jul 8, 2015 2:46am
BE for today 1st SL then TP
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 39 KB
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