anyone in the euro trade short? Doesnt look good now.
Trader Dale - daily trading levels
- #5,765
- Feb 23, 2017 8:08am Feb 23, 2017 8:08am
- Joined Oct 2007 | Status: Thanking GOD for today | 1,108 Posts
Swing Trade on Daily USDJPY :I am selling right here 112.88 SL: 113.46 TP: 112.06
Stop moved to breakeven +1 at the +30 profit level....free ride from here
Plan, Prepare, Execute, Repeat
{quote} Thanks for all your amazing help Ziggy. One last question (I think it's the last for today-anyway...) Do you set limit orders for Asian session?
1. setting an order at the minimum stake size I'm allowed
2. setting an alarm 5 pips before the level
3. if I hear the alarm, get to the computer and verify no news, no test & if all ok ammend my order to my full stake - that is a lot quicker than setting up an order.
however, when I go to bed I'll cancel those orders, I don't need the Asian session trades that badly
- #5,767
- Feb 23, 2017 8:50am Feb 23, 2017 8:50am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
{quote} I haven't done so, but this is what I'm thinking of doing. 1. setting an order at the minimum stake size I'm allowed 2. setting an alarm 5 pips before the level 3. if I hear the alarm, get to the computer and verify no news, no test & if all ok ammend my order to my full stake - that is a lot quicker than setting up an order. however, when I go to bed I'll cancel those orders, I don't need the Asian session trades that badly
- #5,768
- Feb 23, 2017 8:51am Feb 23, 2017 8:51am
- | Membership Revoked | Joined Sep 2016 | 1,511 Posts
Here is my idea for a short trade on NZD/USD. Congratulations guys so many of you found the level themselves. There were some few pip differences but they don’t matter much in swing trading.
The level is around 0.7280
The level is around 0.7280
- #5,770
- Feb 23, 2017 8:57am Feb 23, 2017 8:57am
Here is my idea for a short trade on NZD/USD. Congratulations guys so many of you found the level themselves. There were some few pip differences but they dont matter much in swing trading. The level is around 0.7280 {image}
Having posted up a work in progress earlier, this is my spreadsheet using my "alternative trading" approach, hopefully it will now be in an understandable format for you. The screen shot below will give you some ideas of what happens if you enter early, or late, or change the stop settings, or the PT settings - you can now show how you might take half at one price and half at another. Have a play with it.
A word of caution tho, this is back data so if you try to back fix for the best possible results you are going to be disappointed in using that criteria going forward. But I have to say you would have to work hard to turn this into a losing method 
Have fun Cheers Ziggy
A word of caution tho, this is back data so if you try to back fix for the best possible results you are going to be disappointed in using that criteria going forward. But I have to say you would have to work hard to turn this into a losing method
Have fun Cheers Ziggy
- #5,774
- Feb 23, 2017 11:07am Feb 23, 2017 11:07am
Having posted up a work in progress earlier, this is my spreadsheet using my "alternative trading" approach, hopefully it will now be in an understandable format for you. The screen shot below will give you some ideas of what happens if you enter early, or late, or change the stop settings, or the PT settings - you can now show how you might take half at one price and half at another. Have a play with it. A word of caution tho, this is back data so if you try to back fix for the best possible results you are going to be disappointed in using that...
! I'll give your alternative approach a shot.
- #5,776
- Feb 23, 2017 12:13pm Feb 23, 2017 12:13pm
Having posted up a work in progress earlier, this is my spreadsheet using my "alternative trading" approach, hopefully it will now be in an understandable format for you. The screen shot below will give you some ideas of what happens if you enter early, or late, or change the stop settings, or the PT settings - you can now show how you might take half at one price and half at another. Have a play with it. A word of caution tho, this is back data so if you try to back fix for the best possible results you are going to be disappointed in using that...
, thanks a lot, makes it crystalclear... 
