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As simple as possible: 00 level trading

  • #5,461
  • Jun 25, 2014 5:27am Jun 25, 2014 5:27am
Quoting Qed
Ill pm ...
Ok all good........

Masterrmind..........
Master your Mind then Master your Trades
  • #5,462
  • Jun 25, 2014 5:32am Jun 25, 2014 5:32am
Quoting Ff-fx
{quote} Sure there are worst places to trade ;-) Maybe we will meet there, on the Ramblas with a glass of cool wine...

better meeting place...

http://www.sausalitositges.com

my son grew up here... not sure if they have wifi though..

Udine
Sleep less, live fast, as it aint gonna last
  • #5,463
  • Jun 25, 2014 5:35am Jun 25, 2014 5:35am
cant work out how to send pic .will do photbucket ok that didnt work but this did by the loooks results since I started using Udine method
Attached Image (click to enlarge)
Click to Enlarge Name: udine syst.jpg Size: 17 KB
Whats That? you're trading What?
  • #5,464
  • Jun 25, 2014 5:38am Jun 25, 2014 5:38am
Quoting Qed
cant work out how to send pic .will do photbucket
I assume that was for me.....yes photo bucket will do the trick.

Masterrmind..........
Master your Mind then Master your Trades
  • #5,465
  • Jun 25, 2014 5:43am Jun 25, 2014 5:43am
Just wondering, what strategies are people using to reduce the impact of commission? my demo account is paying .75 per lot but once live i can get that reduced to about .6 but still I have made 8 trades so far and paid 1% of my account in commission... are people going for more pips on the tp end? or perhaps entering half a pip earlier? or just taking the commission on the chin?
  • #5,466
  • Jun 25, 2014 5:53am Jun 25, 2014 5:53am
Quoting Qed
cant work out how to send pic .will do photbucket ok that didnt work but this did by the loooks results since I started using Udine method {image}
That's actually very good considering you (and most of us here) have only just started using the system!

I would be happy with those results.

I usually analyse all the data over time etc but the main things I like to focus on are:

1. The gap between $ amounts in winning trades and losing trades
2. The frequency of wins to losses

Just imagine if after you tweak it a bit more what your results could be.

Masterrmind...........
Master your Mind then Master your Trades
  • #5,467
  • Jun 25, 2014 5:54am Jun 25, 2014 5:54am
Just curious if you guys adjust for commisions and how you do so ?
  • #5,468
  • Jun 25, 2014 5:56am Jun 25, 2014 5:56am
yeh the bulk of those results have been the last 2 days ... missed heaps ,been showing couple of newbies how to customize for spi and xau diff time frames
Whats That? you're trading What?
  • #5,469
  • Jun 25, 2014 5:59am Jun 25, 2014 5:59am
Quoting jeffmichaels
Just curious if you guys adjust for commisions and how you do so ?
Do you mean tagging an extra pip or two onto your TP ?

If so I use the same fixed amount (the others may have slightly different ideas) but I use 6.5 pips for my TP and that's working out fine for me.

Ask around if you like to get a general idea?

Good Luck!

Masterrmind...........
Master your Mind then Master your Trades
  • #5,470
  • Jun 25, 2014 6:03am Jun 25, 2014 6:03am
Quoting Qed
yeh the bulk of those results have been the last 2 days ... missed heaps ,been showing couple of newbies how to customize for spi and xau diff time frames
I hope you will keep testing it for say at least another week or two preferably 1 month and share the success as I think you are going to do well.

You have got my attention now re spi so I will check it out.

Thanks for the info it is appreciated.

Masterrmind..........
Master your Mind then Master your Trades
  • #5,471
  • Jun 25, 2014 6:08am Jun 25, 2014 6:08am
I've just checked, whilst my commission amounts to 0.5 pips RT, at the moment due to my mistakes today, the commissions make up more than 50% of my gains!!! That is heavy.

What is everyone else paying for commissions, around the same?

Cheers

H
  • #5,472
  • Jun 25, 2014 6:10am Jun 25, 2014 6:10am
Quoting HannesJoub
I've just checked, whilst my commission amounts to 0.5 pips RT, at the moment due to my mistakes today, the commissions make up more than 50% of my gains!!! That is heavy. What is everyone else paying for commissions, around the same? Cheers H
I pay $7 per Lot for the total trade!

Masterrmind.........
Master your Mind then Master your Trades
  • #5,473
  • Jun 25, 2014 6:11am Jun 25, 2014 6:11am
I altered all the sweet spot levels to 1000/100 so as to get $ for pt lines .. I can only do $1 pts ps follow the RULES concerning shorts below daily open line
Attached Image (click to enlarge)
Click to Enlarge Name: spi15min.jpg Size: 220 KB
Whats That? you're trading What?
  • #5,474
  • Jun 25, 2014 6:12am Jun 25, 2014 6:12am
Quoting Udine
{quote} better meeting place... http://www.sausalitositges.com my son grew up here... not sure if they have wifi though.. Udine
Wow, great...
How long have you been living there, Udine and flx ?

But it's a torture to see that beach, I'm living in the east of France, now
So far from the sea and the mountains...

But my goal is to gain my freedom with trading.
I think you're showing us the good way, Udine.
With PDF and BCC, the success is in our hand now :-)

The reward will be to have a drink with you on the beach at Sausalito !
  • #5,475
  • Jun 25, 2014 6:15am Jun 25, 2014 6:15am
Quoting Qed
I altered all the sweet spot levels to 1000/100 so as to get $ for pt lines .. I can only do $1 pts ps follow the RULES concerning shorts below daily open line {image}
Yes I did a similar thing with Gold otherwise its a map of very close lines.....

I like to see the price on my chart......

Masterrmind.............
Master your Mind then Master your Trades
  • #5,476
  • Jun 25, 2014 6:17am Jun 25, 2014 6:17am
somehow my EAud has survived MR WUKAR SL!
  • #5,477
  • Jun 25, 2014 6:20am Jun 25, 2014 6:20am
used 250/10 for 15 min gold MMind diff for daily chart
Whats That? you're trading What?
  • #5,478
  • Jun 25, 2014 6:22am Jun 25, 2014 6:22am
Quoting Ff-fx
{quote} Wow, great... How long have you been living there, Udine and flx ? But it's a torture to see that beach, I'm living in the east of France, now So far from the sea and the mountains... But my goal is to gain my freedom with trading. I think you're showing us the good way, Udine. With PDF and BCC, the success is in our hand now :-) The reward will be to have a drink with you on the beach at Sausalito !

Bacelona 8 years

Udine
Sleep less, live fast, as it aint gonna last
  • #5,479
  • Jun 25, 2014 6:28am Jun 25, 2014 6:28am
Quoting Masterrmind
{quote} I pay $7 per Lot for the total trade! Masterrmind.........
Ah, so I guess I should not be complaining then Or looking for excuses either
  • #5,480
  • Jun 25, 2014 6:28am Jun 25, 2014 6:28am
Quoting Qed
used 250/10 for 15 min gold MMind diff for daily chart
Yes you need to modify it for different time frames that's for sure just so it looks like a "gold trading chart"?

Masterrmind...........
Master your Mind then Master your Trades
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