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As simple as possible: 00 level trading

  • #34,081
  • Apr 27, 2016 7:21pm Apr 27, 2016 7:21pm
Quoting LuXing
Sigh. Guys, you are focusing on the wrong things and entering the skiddie kid dungeon. Last time I had the thread owner on the phone, he assured me that the idea was and is still scalping, not swing trading. Scalping is the art of reading PA in its finest details and build the confidence to take a small profit out of it, as simple as possible, Fast In Fast Out, then rinse and repeat the process. I am not a high level quant, but I master the basics (and a bit more) really well and I can tell you that the average number of pips available for scalping...
Hey, buddy! You've been giving a lot of good help and suggestions. And of course, your trade results are very helpful. Did you see my email (not PM)? Or did it get lost in spam? Talk soon.
  • #34,082
  • Apr 28, 2016 2:06am Apr 28, 2016 2:06am
Quoting pgd
{quote} bubinca, re. your usdcad long trade: just wondering... why you didn't buy the previous level i.e. at 1.2610 (in stead of 1.2615). your exit would then have been at 1.2615 (where you entered). that would have been a win.
Hi pgd, you are right. It was a late entry, I had to enter @ .100, after PA bounced off from the DO line as Masterrmind taught us many times in this thread.

Bubincka
Porta itineris dicitur longissima esse
  • #34,083
  • Apr 28, 2016 7:42am Apr 28, 2016 7:42am
Quoting bubincka
{quote} Thank you LuXing. I was thinking to reread it just finished. Today's trades- #1 USDCAD to SL #2 CADJPY to TP #3 EURCAD to TP #4 USDJPY to TP #5 NZDCAD to TP Bubincka {image} {image} {image} {image} {image}
nice Bubincka.

The UCAD SL was unnecessary though. If you were playing a bounce off the D.O. price action wise, you should have entered a level earlier (or not at all).
In terms of currency strength USD and CAD were mid range so no reason to go long at that time...

LuXing
Wisdom begins in wonder
  • #34,084
  • Apr 28, 2016 7:48am Apr 28, 2016 7:48am
Asian session trades:

EURJPY and GBPJPY to TP.

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #34,085
  • Apr 28, 2016 7:50am Apr 28, 2016 7:50am
London open trade: AUDUSD to TP
I would have taken NZDUSD too, but it moved too fast and I missed the entry.

LuXing
Attached Image (click to enlarge)
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Wisdom begins in wonder
  • #34,086
  • Apr 28, 2016 9:08am Apr 28, 2016 9:08am
Quoting LuXing
{quote} nice Bubincka. The UCAD SL was unnecessary though. If you were playing a bounce off the D.O. price action wise, you should have entered a level earlier (or not at all). In terms of currency strength USD and CAD were mid range so no reason to go long at that time... LuXing
Yes. Probably it was better not to take it at all.

Bubincka
Porta itineris dicitur longissima esse
  • #34,087
  • Apr 28, 2016 2:27pm Apr 28, 2016 2:27pm
Quoting LuXing
London open trade: AUDUSD to TP I would have taken NZDUSD too, but it moved too fast and I missed the entry. LuXing {image}
Luxing hello.

The red, the blue and the green buttons on the right side of the screen are some kind of script to put the orders fast?

If yes, whats the name of it ?
  • #34,088
  • Apr 28, 2016 7:43pm Apr 28, 2016 7:43pm
bubincka,

what does "Porta itineris dicitur longissima esse" mean?
  • #34,089
  • Apr 29, 2016 12:50am Apr 29, 2016 12:50am
Quoting pgd
bubincka, what does "Porta itineris dicitur longissima esse" mean?
Hi pgd, translated from Latin to my bad English means "The door is the longest part of the trip".

Bubincka
Porta itineris dicitur longissima esse
  • #34,090
  • Apr 29, 2016 2:50am Apr 29, 2016 2:50am
Asian session trades:

#1 EURUSD to TP
#2 GBPCHF to TP
#3 AUDUSD to TP
#4 GBPCAD to TP
#5 AUDUSD once more to TP
#6 EURUSD once more to TP

Frankfurt Open
#7 NZDCHF to TP

London Open
#8 USDJPY to TP
#9 NZDPY to TP

See if more opportunities arise after CHF news...

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #34,091
  • Apr 29, 2016 2:54am Apr 29, 2016 2:54am
Quoting NewToForex14
{quote} Luxing hello. The red, the blue and the green buttons on the right side of the screen are some kind of script to put the orders fast? If yes, whats the name of it ?
It's a tailor made EA, that allows me to place trades using mobile phone/iPad/PC.
You will find something with similar functionalities in one of fxrabbi's threads.

LuXing
Wisdom begins in wonder
  • #34,092
  • Apr 29, 2016 6:02am Apr 29, 2016 6:02am
Quoting bubincka
{quote} Hi pgd, translated from Latin to my bad English means "The door is the longest part of the trip". Bubincka
Insightful.
  • #34,093
  • Apr 29, 2016 6:11am Apr 29, 2016 6:11am
Luxing,
Those are great spreads!
Who is the broker?
  • #34,094
  • Apr 29, 2016 7:08am Apr 29, 2016 7:08am
Quoting pgd
Luxing, Those are great spreads! Who is the broker?
See my profile.

EURAUD to TP

Had been watching it for an hour and jumped in as soon as PA broke the previous day high.
Set TP right on DR1, took 51 seconds to reach TP.

Enough trades for me, I wish everybody a good weekend.

LuXing
Attached Image (click to enlarge)
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Wisdom begins in wonder
  • #34,095
  • Apr 29, 2016 8:21am Apr 29, 2016 8:21am
Quoting LuXing
{quote} It's a tailor made EA, that allows me to place trades using mobile phone/iPad/PC. You will find something with similar functionalities in one of fxrabbi's threads. LuXing

Luxing, Are you placing trades when you away from ur trading computer using mobile phone?

Thanks.
  • #34,096
  • Apr 29, 2016 8:22am Apr 29, 2016 8:22am
Quoting LuXing
Asian session trades: #1 EURUSD to TP #2 GBPCHF to TP #3 AUDUSD to TP #4 GBPCAD to TP #5 AUDUSD once more to TP #6 EURUSD once more to TP Frankfurt Open #7 NZDCHF to TP London Open #8 USDJPY to TP #9 NZDPY to TP See if more opportunities arise after CHF news... LuXing {image} {image} {image} {image} {image} {image} {image} {image}
Luxing hi.

Are all these trades were based on SC ?
  • #34,097
  • Apr 29, 2016 9:47am Apr 29, 2016 9:47am
Quoting NewToForex14
{quote} Luxing, Are you placing trades when you away from ur trading computer using mobile phone? Thanks.
Although technically possible, I don't. Occasionally I use a tablet.

Quoting NewToForex14
{quote} Luxing hi. Are all these trades were based on SC ?
If you mean currency strength by "SC", yes.

LuXing
Wisdom begins in wonder
  • #34,098
  • Apr 29, 2016 10:51am Apr 29, 2016 10:51am
Mmmm, I seem to be the only one posting trades here.
This is getting a bit of a monologue...

#11 EURUSD to TP
#12 AUDJPY to TP
#13 EURAUD to TP
#14 USDJPY to TP

LuXing
Attached Image(s) (click to enlarge)
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Wisdom begins in wonder
  • #34,099
  • Apr 29, 2016 1:05pm Apr 29, 2016 1:05pm
Quoting LuXing
{quote} Although technically possible, I don't. Occasionally I use a tablet. {quote} If you mean currency strength by "SC", yes. LuXing
Luxing, what are you doing when you are in a trade, do you watch it ?
  • #34,100
  • Apr 29, 2016 1:34pm Apr 29, 2016 1:34pm
Quoting LuXing
Mmmm, I seem to be the only one posting trades here. This is getting a bit of a monologue... #11 EURUSD to TP #12 AUDJPY to TP #13 EURAUD to TP #14 USDJPY to TP LuXing {image} {image} {image} {image}
Hi LuXing, your confidence level is huge. You took many successful trades far from DO, like the one on EURUSD so close to R3.
You are living "in the zone" and you go with the flow.

Best regards,
Bubincka
Porta itineris dicitur longissima esse
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