There's a lot of potential TS/SL trade opportunities that passed by so far. I think pairs with EUR and GBP are a big no-no at the moment...

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Yea very bad idea to trade now looks like, I'm happy to stay out

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Thanks! Wow I'm really a noob hehe. I tried right clicking on the trade in the account history for something to that effect, but I couldn't find it in the menu. Dragging it is

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Yes I definitely won't post red news trades here lol, if I did news trades they would not have any semblance with the rules here - something like SL 5 pips TP 100 pips with TS 10 pips? lol. Thanks for the insight! PA really gets tricky at the 15min ...

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@MM do you think it is a good idea to stay out today given the potential low volatility across all the major pairs caused by the pending BOE/ECB interest rate decisions? Very tempted to try my hand at news trading here...

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Hi Carpathian, as it was a TS the red price label indicates entry and exit point. Sorry if it was not clear, based on the rules I entered at the preceding red bar on a short. I still think it was a decent trade and would have probably hit TP if not ...

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EURJPY - SL

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EURUSD - TS

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A bit late but, TP/TS - AUDJPY

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The yellow news results should have been negative for EUR... its that damn one-line news bulletin 38mins ago that messed with the markets lol.

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And this is why I should have been monitoring my news tracker all the time lol. Caused my short TS on the EUR/USD to slip into a 1pip loss.

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I personally think the trader is the weakness. The trader will panic or let anxiety or emotions get the better of him - closing a trade too early, failing to follow his or her own rules for whatever reason, missing out a good trading opportunity. ...

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Yes well, with all the indicators out there now its actually possible to make an EA with all the complicated rules you can think of lol. But my guess is learning how to code a good EA is probably as hard if not harder than learning how to trade ...

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Well in that case Rule #12 is redundant then. Then again, not my rules - personally I've had to add 6 more of my own rules to minimize all the SL hits heh.

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Just do some back-testing into the past 4 weeks and you will see that if you went long at 0.100 or short at 0.900 (which are by your interpretation acceptable by the rules), you would come out with a net loss for all those trades I believe ...

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Rule #12 After doing extensive back-testing, I'm actually inclined to say NO trades at all (short or long) at 0.900, 0.000 or 0.100 - the MMs do crazy shit at these points sometimes. But I'm not Udine so... his rules

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That's a BRN, you broke one of the rules I think Also in addition to the rules, its quite risky as the 00 level was an earlier resistance level.

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@Carpathian have you done much backtesting with AUD/NZD? May just add it to the currency pairs I'm monitoring

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You sure its 0.05 pips? I think you mean 0.5 pips hehe. 0.05 pips would be like $0.35 commission rate per lot. I think Armada is at $2 per lot.

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I had the exact same trade going hehe. Thinking of whether to move the SL to BE or BE +0.5 pips when +3.5 is hit to cover the commission lol.

As simple as possible: 00 level trading