As simple as possible: 00 level trading

#3 GBPJPY to TP

Incredibly volatile, I think I won't trade this pair for the next few days.

LuXing

Correct, especially the GBP pairs are extremely tricky.

Look at average candle sizes for M5 TF.

GAUD: 56 pips
GCAD: 53 pips
GCHF: 44 pips
GJPY: 65 (!) pips

My average trade duration, measured over hundreds of trades, is approx. 12 minutes.

Imagine, with a spread of up to 5 pips if one of these pairs triggers and "goes the wrong way" for only a couple of minutes...
Pure madness.

LuXing

Received this 5 minutes ago.
It doesnt come as a surprise and underlines once more what I stated in the post above about the GBP pairs...

lol. I just love this part: "As a result of client requests".

LuXing

Today trades at FFO-

#1 NZDUSD to TP
#2 AUDUSD closed manually a few pips above BE, risk of sudden reversal are alwayes there, but greater in this moment.

Bubincka

#1 NZDJPY to TP

LuXing

#2 NZDJPY to TP once again. TP set right on the DR1 level.

LuXing

Cost of business (spread) seems to be back to normal on some pairs.

#3 GBPJPY to TP.

LuXing

#4 GBPJPY to TP

LuXing

#5 GBPJPY to TP again. Nasty 2.2 slippage on entry.

Enough for today. Study time.

LuXing

@ LuXing & bubincka, can you--please-- check where I could have done better so I could approve on my entries? Thank you in advance...
For GBPUSD, the momentum was still high thus went for an extra Buy after the first.

My trades today after LO- Although what I'm doing is highly questionable and I don't advise any fellow trader here to do same, in these days I prefer to select entries and then close trades after a few seconds for a gain of few pips. This is partly due to my lack of confidence but now above all to the incredible volatility and reversal affecting pairs after the Brexit. I have still managed to reach my daily goal around 2%.

#1 GBPUSD +4.5 pips
#2 EURUSD +1.3 pips
#3 AUDUSD +2.9 pips
#4 AUDJPY +3.4 pips
#5 AUDUSD +1.5 pips

Bubincka

Hi Cashfarm never as in these days it is difficult and perhaps even wrong to give an opinion.
Your entries appear to be OK, it's a kind of inexplicable feeling, but when you spot a good setup and have considered all the aspects pull the trigger and follow your trade. If you look at my entries above, you can see that I'm on the same boat as you.

Best regards,
Bubincka

Late start today.

#1 NZDJPY to TP

LuXing

Can't really tell.
I don't see any 00/50 lines on your chart and have no idea where your entry was.
It does not really make sense to take more than one trade on the same H1 candle in the same direction.

LuXing

First one for today in the pocket:

GBPJPY to TP
NZDJPY got out at +1.5 pips, due to excessive spread widening

LuXing

Sudden AUD selloff...

AUDJPY to TP

LuXing

Not a good start of the day with USDCAD to SL. The error here was a late entry @1.29750 instead of the first level above DP @1.29700. Entering at the right level would have been a TP, then reversal happened. I'm doing this error quite frequently and I know very well it's a psychological issue I can't get rid off, the dynamics of which is more or less the following : when I see some movement above average in the market, in the heat of the moment I fear pips left on the table and since it often happens that I miss the best setups, then I have to be in with any pair, and the USDCAD it's just an example because it wasn't the best setup available at the moment in terms of currency strengths. Another trade taken in FFO session, CADJPY, was closed manually at a small loss shortly after because I do not care of the result of single trades when I've reached my daily target of 2%.

#1 USDCAD to SL
#2 CADJPY -4.2 pips
#3 GBPUSD to TP, manual +16.4 pips
#4 GBPCHF to TP, manual +14.3 pips
#5 AUDUSD to TP
#6 AUDJPY manual close +4.2 pips
#7 USDCHF manual close +2.8 pips

Bubincka

Nice trades buddy. How do you find a broker to give nice spreads like that? 1.5 spread on NZDJPY is really nice. Mine is like 3 pips lol. I also took that same AUDJPY trade that you took. Was a nice sell off there then a huge bounce off the DS1 but I got my 10 pips before the upward retrace. Been following your tips. Thanks a bunch buddy

Quick in and out today.

CADJPY +10 (missed first opportunity but got in second entry)
EURJPY +10

20 pips is more than enough for me. done for today
Green pips to all

20 pips a day are the solution of a lifetime!

Best regards,
Bubincka