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jmflukeiii replied Jun 25, 2014Yep, exactly. I have hit my goal Tokyo and NY of Monday Tuesday and Wednesday. And then I stop trading. are people over trading or what is the problem?
As simple as possible: 00 level trading
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jmflukeiii replied Jun 25, 2014Udine, did you have a profitable day? I see others claiming they had difficult days and therefore quitting the system.
As simple as possible: 00 level trading
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jmflukeiii replied Jun 25, 2014I see what you are saying - yes, the limit order [used as the profit target] could be triggered as the bid or ask hits it, and during transmission time from your broker's mt4 server to whomever is filling the order on the other side, that same bid ...
As simple as possible: 00 level trading
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jmflukeiii replied Jun 25, 2014I apologize, I didn't mean to be offensive. I'm simply trying to clarify how it works. It doesn't matter if your spread is floating; your profit target will be filled only when the bid or ask reaches the target (depending on if you are long or ...
As simple as possible: 00 level trading
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jmflukeiii replied Jun 25, 2014Again, we are having issues with the spread idea. You don't "pay" the spread in that it is a deduction to your profit target. If you set your profit target at 5 pips, your trade will exit when you have 5 net, in your pocket, pips. Commission, of ...
As simple as possible: 00 level trading
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jmflukeiii replied Jun 25, 2014EA to target [although that was mostly luck - slippage and just lucked out on the trade not being closed during the news mayhem]. Target achieved. Note: Some US news definitely affects these non-US pairs.
As simple as possible: 00 level trading
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jmflukeiii replied Jun 25, 2014GA to target. [plus a little positive slippage]
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014I'm doing similar, but due to time zone issues, London just doesn't make any sense for me to trade (12am - 2/3am my time). So I trade Tokyo and NY (5am to 8am my time). At one time, I did stay up late and trade London, but working the night shift ...
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014Nice. I enjoy reaching target in Tokyo. Reduced size come my actual trading session (NY).
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014GA to target. Goal reached; done.
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014EA to target. Halfway there -
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014You trade them as you would any other level. No longs at .9 / .009 no shorts at .1 / .001. Longs and shorts everywhere else.
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014When you close your short, it will always be closed at the ask, regardless of market or limit.
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014Don't worry, my English is great and I don't understand either

As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014Lollll.... that sounds like it could be a serious problem
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014And thus different price quotes, to make it completely clear.
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014Lol.... are you sure that's not why you are so goooood?
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014EA to target. Goal reached, done. [Yes, I'll do some burpees.]
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014Correct, but the EA is calculating your profit/loss via whatever quoted price (bid/ask) is relevant to the position. So for a long, it will exit when the bid reaches 5 pips; for a short, it will exit when the ask reaches 5 pips.
As simple as possible: 00 level trading
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jmflukeiii replied Jun 24, 2014This is not true. Your target profit, if you set it for 5 pips, will be 5 pips. It doesn't matter what your spread is; that just affects at what price it "looks" like you've gotten in on your chart, i.e. how far below the 00 line the bid is when the ...
As simple as possible: 00 level trading