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As simple as possible: 00 level trading

  • #5,061
  • Jun 24, 2014 7:27am Jun 24, 2014 7:27am
Quoting Masterrmind
{quote} No need to worry about other posts lets keep the concentration right here shall we! Allow me to put up the screen shot and remember you said you closed it out manually re post #5052? That move on EURAUS was from 1.44400 to 1.44800 - the 40 pips you made. The maximum possible move in the time frame was from 1.44400 up to 1.44833 So what I'm clearly showing is that the trade you made took 92.37% of the full move up. Wow is all I can say! Masterrmind........... {image}
Sums it up pretty good mate.

Chart looks familiar too.
  • #5,062
  • Jun 24, 2014 7:27am Jun 24, 2014 7:27am
Quoting MKFXTrader
{quote} Cute. How's that working out for you? You should be more concern with your trades.

at least mine is transparent.. not announcing shit out from behind mommys skirt..
now that's cute..

I don't think it's wise for you to get down the tongue play with me junior.. i can care or less you win lose, do sideways or show or not show.. just don't make fun of a fella who is here to learn and earn.. that's just below the belt buddy.
that's my last post to you, it's full of wisdom if you dig deep, read it again and again.
Passion, Persist, Patience, Protect
  • #5,063
  • Jun 24, 2014 7:29am Jun 24, 2014 7:29am
MM interesting thread.......
  • #5,064
  • Jun 24, 2014 7:33am Jun 24, 2014 7:33am
Quoting FXEmpire
{quote} at least mine is transparent.. not announcing shit out from behind mommys skirt.. now that's cute.. I don't think it's wise for you to get down the tongue play with me junior.. i can care or less you win lose, do sideways or show or not show.. just don't make fun of a fella who is here to learn and earn.. that's just below the belt buddy. that's my last post to you, it's full of wisdom if you dig deep, read it again again.
Hey numbnuts. Look in the mirror. I don't remember saying anything to you! I don't remember ever making fun of anybody or posting to anybody but UDINE. Maybe you should keep your pie hole to yourself. You started the sh#t. If you want to learn how to trade then cut the extra curricular activity sh#t out. Looking at your explorer, you don't even follow the rules from Udine. If you want to throw rocks, throw them at yourself.
  • #5,065
  • Jun 24, 2014 7:36am Jun 24, 2014 7:36am
Quoting FXEmpire
{quote} at least mine is transparent.. not announcing shit out from behind mommys skirt.. now that's cute.. I don't think it's wise for you to get down the tongue play with me junior.. i can care or less you win lose, do sideways or show or not show.. just don't make fun of a fella who is here to learn and earn.. that's just below the belt buddy. that's my last post to you, it's full of wisdom if you dig deep, read it again and again.
Exactly right FXEmpire....you are totally transparent and I think that's great!

Masterrmind.......
Master your Mind then Master your Trades
  • #5,066
  • Jun 24, 2014 7:39am Jun 24, 2014 7:39am
Quoting Udine
Lots of those are needed Udine as I think I hit a nerve!

Back to business is appropriate I would think its been interesting.....

Masterrmind............
Master your Mind then Master your Trades
  • #5,067
  • Jun 24, 2014 7:39am Jun 24, 2014 7:39am
Forex is my love..

http://www.ritalasker.com/song/Forex_is_my_LOVE.mp3
  • #5,068
  • Jun 24, 2014 7:40am Jun 24, 2014 7:40am
Quoting MKFXTrader
{quote} Hey numbnuts. Look in the mirror. I don't remember saying anything to you! I don't remember ever making fun of anybody or posting to anybody but UDINE. Maybe you should keep your pie hole to yourself. You started the sh#t. If you want to learn then cut the sh#t out. Looking at your explorer, you don't even follow the rules from Udine. If you want to throw rocks, throw them at yourself first.
my TE and your invisible trades are irrelevant here.. you were disrespectful to all newbies here with your stupid post and that's what I pointed out... don't do it.. it's a warning punk.
Passion, Persist, Patience, Protect
  • #5,069
  • Jun 24, 2014 7:41am Jun 24, 2014 7:41am
Cafe del mar... my music..

Inserted Video
Sleep less, live fast, as it aint gonna last
  • #5,070
  • Jun 24, 2014 7:41am Jun 24, 2014 7:41am
Quoting flash4
{quote} me too interesting to see some people get the BE while others hit TP on same chart my chart says it reached 138.844 (TP was 138.85) Trailing S/L probably didnt kick in due to spread to take me out at 3.5 but curious to know how people got to TP if it didnt reach 138.85?
Hello, Flash!

That's a good question for me too. The only reason I can clearly see now might be a slippage.
But, considering that we need 5 net pips including commisions coverage, in that case TP should have been even a bit higher than 138.850. I guess it's somewhere around 0,3-0,7 pips to cover commisions.

Udine, could you please enlighten us of how many points you add to cover your commisions? If it's not a secret, of course. That's not because of curiosity but for better understanding why someone reaches TP and others don't.

If that was already mentioned in thread (though I didn't see it), just skip my question.
Thank you in advance, anyway!

Best regards,
Artem
Let's go with the flow
  • #5,071
  • Jun 24, 2014 7:44am Jun 24, 2014 7:44am
Quoting FXEmpire
{quote} my TE and your invisible trades are irrelevant here.. you were disrespectful to all newbies here with your stupid post and that's what I pointed out... don't do it.. it's warning punk.
Disrespectful? Grow some skin dude. I made the comment that I too have been there. On top of that, I'm using the original indies posted by udine. Grow up bro and stay green.
  • #5,072
  • Jun 24, 2014 7:45am Jun 24, 2014 7:45am
It seems like people are having a little trouble understanding the bid and the ask price, the price shown on their screen, and what that all means for profit targets, trails, and stops.

The bid is the price that is shown on your screen (i.e. your candle charts represent where the bid price moved during that candle, the ask price is not shown). This is the price that you would receive should you click "Sell" right now (sell at market).
The ask price is not shown on your screen. It is your bid price + whatever the spread is. It is the price you would receive when you click "Buy" right now (buy at market).

In a short, price will appear to have reached your target, or your trailstop price, but read above, that is only your bid price reaching that level. The ask is your bid price + spread higher. So in reality, your ask price, which for a short will be the price that determines your open profit/loss as you will have to buy to cover you short (buy at ask, sell at bid, buy at ask, sell at bid, etc.), has not reached the BE point yet.

Does that make sense?
Small disciplines repeated with consistency lead to great achievements.
  • #5,073
  • Jun 24, 2014 7:45am Jun 24, 2014 7:45am
Dude's, please, let's agree to disagree and let the thread carry on the way it was. No disrespect to anyone here, but it makes it uncomfortable for everyone else, new, old, wrinkled or whatever.
  • #5,074
  • Jun 24, 2014 7:48am Jun 24, 2014 7:48am
btw folks.. if you ever for some odd reason decided to look into my TE.. I would like to let you know that I am testing out different points with backbone of Udine's system while I also keep track off all valid signals as well on paper.. I know what works and what based on my personality suitable to my style that could or maybe improved.. so I play with entries, stops, MM etc, so for now basically ignore it.. it's a practice acc.

by no means is any disrespect to udine and his method.
and if I find something great with Udine's approval I would share it for sure.
I did not know I had to go deep about my own business but some idiots make you to clear things up.
Passion, Persist, Patience, Protect
  • #5,075
  • Jun 24, 2014 7:48am Jun 24, 2014 7:48am
Quoting jmflukeiii
It seems like people are having a little trouble understanding the bid and the ask price, the price shown on their screen, and what that all means for profit targets, trails, and stops. The bid is the price that is shown on your screen. This is the price that you would receive should you click "Sell" right now (sell at market). The ask price is not shown on your screen. It is your bid price + whatever the spread is. It is the price you would receive when you click "Buy" right now (buy at market). In a short, price will appear to have reached your...
In other words, if your TP remains a constant 50 points / 5 pips, then your NET pips on a long will be your TP minus spread...that's all.

I don't think (correct me if I am wrong) Udine compensates for spread and / or commissions (complicates things) he sets a TP of 50 points / 5 pips and lets it fly regardless of direction, spread or commissions...

Do not over complicate things AKA Udine's mantra

H
  • #5,076
  • Jun 24, 2014 7:50am Jun 24, 2014 7:50am
Quoting danc
MM interesting thread.......
Hi danc,

Happy to have you come visit mate.

It's a thread that flies along at a rapid rate of knots with a lot of bends and twists.

All the best,

Masterrmind..............
Master your Mind then Master your Trades
  • #5,077
  • Jun 24, 2014 7:50am Jun 24, 2014 7:50am
Bonus Trade GU: +2.2 pips !
I didn't take any risk because my daily target is already reached.
Today: +14.6 pips ==> +3.95 % !
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 2 KB
Trade Safe !
  • #5,078
  • Jun 24, 2014 7:52am Jun 24, 2014 7:52am
Quoting FXEmpire
btw folks.. I did not know I had to go deep about my own business but some idiots make you to clear things up.
A lot gets lost when writing as opposed to talking to someone...I know I tend to fly off the handle when reading some posts, so I take a walk, read it again, and again if need be, by that time, I may have gotten to what the poster meant...

But this thread is for the edification of fellow traders using the system, and for those who are just starting out using the system (assuming they read the thread that is).

Just wanted to keep it clean, especially for Udine's sake.

Cheers

H

  • #5,079
  • Jun 24, 2014 7:53am Jun 24, 2014 7:53am
Quoting HannesJoub
{quote} In other words, if your TP remains a constant 50 points / 5 pips, then your NET pips on a long will be your TP minus spread...that's all. I don't think (correct me if I am wrong) Udine compensates for spread and / or commissions (complicates things) he sets a TP of 50 points / 5 pips and lets it fly regardless of direction, spread or commissions... Do not over complicate things AKA Udine's mantra H
This 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 buy stop gets filled at the ask price. If you take a long, you will be taken in when the ASK price reaches the 00 level. At this point, your bid will not have reached the 00 level yet, so you are "paying the spread" on your entry. However, you will exit as soon as the chart reaches your profit target as you will only need the bid to reach it.

(As opposed to on a short, the chart will have to trade through your profit target because the bid, represented on the chart, is not how you will exit. You need the ask [bid+spread] to reach the profit target.
Small disciplines repeated with consistency lead to great achievements.
  • #5,080
  • Jun 24, 2014 7:54am Jun 24, 2014 7:54am
Quoting Goodgame42
Bonus Trade GU: +2.2 pips ! I didn't take any risk because my daily target is already reached. Today: +14.6 pips ==> +3.95 % ! {image}
Good going my friend.

H
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