As simple as possible: 00 level trading | Page 672 | Forex Factory

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As simple as possible: 00 level trading

  • #13,421
  • Jul 25, 2014 4:49am Jul 25, 2014 4:49am
Quoting Patron
{quote} You're a crack
Bonus Trade

#5

NC +3.4 TP (closed out manually due to EA troubles but could have been the spread too...in either case it's closed!)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 50 KB


Comment: This one is just for you...........

Masterrmind...........
Master your Mind then Master your Trades
  • #13,422
  • Jul 25, 2014 4:51am Jul 25, 2014 4:51am
@UDINE

I think many many people would be interested to pay (50-100 USD/month) for a Trading Room membership where Udine's trades would be announced in advance with some commentary why some "rule based" trades would NOT be taken.

This idea and request comes not out of laziness, but to LEARN from Udine's experience to be able weed out low probability setups, as this skill seems to be as important as the Rules themselves.

Should anybody else support this request to Udine, please comment.
  • #13,423
  • Jul 25, 2014 4:52am Jul 25, 2014 4:52am
Quoting Masterrmind
{quote} Bonus Trade #5 NC +4 TP {image} Comment: This one is just for you........... Masterrmind...........
Just a low relevant question: to monitor all these pairs do you have a trading station with a million of screens or do you just switch from one to another?
Lrt
"Every battle is won before it's fought."
  • #13,424
  • Jul 25, 2014 4:52am Jul 25, 2014 4:52am
Quoting Masterrmind
{quote} Bonus Trade #5 NC +4 TP (closed out manually due to EA troubles but could have been the spread too...in either case it's closed!) {image} Comment: This one is just for you........... Masterrmind...........

ya.. I think at best it is a net +2..

the commission on some of these pairs that you trade are very high bud..
Passion, Persist, Patience, Protect
  • #13,425
  • Jul 25, 2014 4:54am Jul 25, 2014 4:54am
JUST imo ... dont believe Udine can 'preempt " trades .. even with people I mentor im never able to say "im taking this deal in 1 minute " it just dosent work ...9times out 10 circumanstances change ...
Whats That? you're trading What?
  • #13,426
  • Jul 25, 2014 4:56am Jul 25, 2014 4:56am
Quoting FxMasterGuru
@UDINE I think many many people would be interested to pay (50-100 USD/month) for a Trading Room membership where Udine's trades would be announced in advance with some commentary why some "rule based" trades would NOT be taken. This idea and request comes not out of laziness, but to LEARN from Udine's experience to be able weed out low probability setups, as this skill seems to be as important as the Rules themselves. Should anybody else support this request to Udine, please comment.
You won't be able to think like Udine. You can only evaluate trades according to you own mental predisposition, experience etc.

Such a room will create laziness and lack of thinking.

Bad idea

laud
  • #13,427
  • Jul 25, 2014 4:57am Jul 25, 2014 4:57am
Quoting Patron
This seems like the calm before the storm.
BUT we have a Patron on board, so no fear
  • #13,428
  • Jul 25, 2014 4:57am Jul 25, 2014 4:57am
Quoting Masterrmind
{quote} Bonus Trade #5 NC +3.4 TP (closed out manually due to EA troubles but could have been the spread too...in either case it's closed!) {image} Comment: This one is just for you........... Masterrmind...........
Thanks
Donde hay Patron no manda Marinero
  • #13,429
  • Jul 25, 2014 4:58am Jul 25, 2014 4:58am
it is experience...

you need to let the gray matter between the ears do the work and let it cooperate with your two best indicators: your eyes..

you see a trade set up here ???

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #13,430
  • Jul 25, 2014 4:58am Jul 25, 2014 4:58am
Quoting Go5
{quote} BUT we have a Patron on board, so no fear
Sure
Donde hay Patron no manda Marinero
  • #13,431
  • Jul 25, 2014 4:59am Jul 25, 2014 4:59am
or here ??

Udine
Attached Image
Sleep less, live fast, as it aint gonna last
  • #13,432
  • Jul 25, 2014 4:59am Jul 25, 2014 4:59am
Quoting FxMasterGuru
@UDINE I think many many people would be interested to pay (50-100 USD/month) for a Trading Room membership where Udine's trades would be announced in advance with some commentary why some "rule based" trades would NOT be taken. This idea and request comes not out of laziness, but to LEARN from Udine's experience to be able weed out low probability setups, as this skill seems to be as important as the Rules themselves. Should anybody else support this request to Udine, please comment.

here is my support..

get lost..

evil had many shapes and form.. this just another one of yours..
Passion, Persist, Patience, Protect
  • #13,433
  • Jul 25, 2014 4:59am Jul 25, 2014 4:59am
Quoting FXEmpire
{quote} ya.. I think at best it is a net +2.. the commission on some of these pairs that you trade MM are very high..
Data from my terminal for NC Open @ 0.91994 and closed out @ 0.91960 =3.4 pips to be exact!

ps. above post edited to reflect a more precise pip count.

pps. if there is a trade setup and money to be made I'm in but usually I avoid the higher spreads. If you look over a number of my charts most are with very reasonable spread however the NC pair is pushing it a bit but it's still very profitable to me.

Thanks for that!

Masterrmind............
Master your Mind then Master your Trades
  • #13,434
  • Jul 25, 2014 5:01am Jul 25, 2014 5:01am
OK People,
Gotta go weekend starts.
See you next week!
Áron
  • #13,435
  • Jul 25, 2014 5:02am Jul 25, 2014 5:02am
Quoting FxMasterGuru
@UDINE I think many many people would be interested to pay (50-100 USD/month) for a Trading Room membership where Udine's trades would be announced in advance with some commentary why some "rule based" trades would NOT be taken. This idea and request comes not out of laziness, but to LEARN from Udine's experience to be able weed out low probability setups, as this skill seems to be as important as the Rules themselves. Should anybody else support this request to Udine, please comment.
seen too often...done...not a good idea.

i think the thread here is more than enough and free
  • #13,436
  • Jul 25, 2014 5:03am Jul 25, 2014 5:03am
Quoting FxMasterGuru
@UDINE I think many many people would be interested to pay (50-100 USD/month) for a Trading Room membership where Udine's trades would be announced in advance with some commentary why some "rule based" trades would NOT be taken. This idea and request comes not out of laziness, but to LEARN from Udine's experience to be able weed out low probability setups, as this skill seems to be as important as the Rules themselves. Should anybody else support this request to Udine, please comment.
You do know that you can go and visit Udine and get personal one on one time with him for FREE.
But why would a "FxMasterGuru" need any help?
The problem is not giving offence but taking offence!
  • #13,437
  • Jul 25, 2014 5:04am Jul 25, 2014 5:04am
Quoting Masterrmind
{quote} Data from my terminal for NC Open @ 0.91994 and closed out @ 0.91960 =3.4 pips to be exact! ps. above post edited to reflect a more precise pip count. Thanks for that! Masterrmind............
not talking spread..
commission..
they get if from you on way or another.. lower spread, more commission.. less commission higher spread.. some ecn are low on both end.. if it makes you sleep at night..

you net 3.4pips... then the cost of that trade is about 1 pip at best.. right?
so it makes it on that particular trade a net profit of 2.4..

but generally speaking,, the higher costs makes it harder to get trigger and plot tp consistently..
but you seem to be able to do this.. nevertheless this is a fact..

but in some of these outside pairs.. your commission is higher.. which dips the profit even more..
overall makes the profitability tougher..
Passion, Persist, Patience, Protect
  • #13,438
  • Jul 25, 2014 5:06am Jul 25, 2014 5:06am
I've just put a pending long on EJ for 137.100.
I then realized how close it is to the DO so I quickly chickened out and cancelled it.
Cleaning my glasses now.
That was too close for comfort.
The problem is not giving offence but taking offence!
  • #13,439
  • Jul 25, 2014 5:10am Jul 25, 2014 5:10am
Quoting FxMasterGuru
@UDINE I think many many people would be interested to pay (50-100 USD/month) for a Trading Room membership where Udine's trades would be announced in advance with some commentary why some "rule based" trades would NOT be taken. This idea and request comes not out of laziness, but to LEARN from Udine's experience to be able weed out low probability setups, as this skill seems to be as important as the Rules themselves. Should anybody else support this request to Udine, please comment.



1. the thread is for free
2. its all in these 672 pages
3. it would start to look like work running a trading room
4. as soon as i start doing that for money, i would be accused for being a scam, as i want money by selling my signals instead of making money trading
5. i would become a commercial member and dont want that
6. i dont need the money at all
7. i dont want the headaches...

conclusion: not going to happen!!
Sleep less, live fast, as it aint gonna last
  • #13,440
  • Jul 25, 2014 5:11am Jul 25, 2014 5:11am
UC, level trade to target 5 lots +3.8 or +19 (discratinary math )

Cigarguy
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Keep It Simple
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