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As simple as possible: 00 level trading

  • #13,441
  • Jul 25, 2014 5:11am Jul 25, 2014 5:11am
Done for the week, shitty week in terms of results, great week in terms of learning... looking forward to better results from here... PDF PDF

Wishing anyone who is keen to get involved in GJ/EJ GU/EU the Greenest of pips, i feel pulling a trade out of those could be like finding the needle in the haystack for the remainder of the week
  • #13,442
  • Jul 25, 2014 5:13am Jul 25, 2014 5:13am
Quoting Udine
{quote} ... conclusion: not going to happen!!
Hear! Hear!
The problem is not giving offence but taking offence!
  • #13,443
  • Jul 25, 2014 5:16am Jul 25, 2014 5:16am
it looks like summertime has already strong influence on the markets.

i will not trade in august, thats sure now.
  • #13,444
  • Edited 5:46am Jul 25, 2014 5:17am | Edited 5:46am
Quoting FXEmpire
{quote} 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.....
I'm very happy compared to what I see others paying.

To me it's all about adding money to my account (but of course you have to shop around for the right broker, I'm very happy with the ones I have).

I try to limit the number of higher spread pairs I trade but if I see potential trade I weigh up all factors and make a decision.

Masterrmind...........
Master your Mind then Master your Trades
  • #13,445
  • Jul 25, 2014 5:18am Jul 25, 2014 5:18am
Quoting Udine
{quote} 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!!

dear Udine.. guys like him are after one thing..
he wants to reveal that you are full of it.. that's his purpose.. that's what he believes in his sick and jealous mind..

you reject the suggestion politely and logically... but I help you out and, saying it bluntly as to whats the real purpose..

these guys are plain evils..
put his a s s on ignore.. a few more days he comes up with another thing.
Passion, Persist, Patience, Protect
  • #13,446
  • Jul 25, 2014 5:22am Jul 25, 2014 5:22am
Quoting Masterrmind
{quote} My commission is fixed = Maximum $7/ standard lot traded (even less with right setup) open and close position and generally very low spreads too. I'm very happy compared to what I see others paying. To me it's all about adding money to my account (but of course you have to shop around for the right broker, I'm very happy with the ones I have). Masterrmind...........

your saying you have a ecn live account with a fix commission?.. paying only $7per lot for both trigger and close?

if this is the case.. then i got nothing more to say but to be careful as to who ends up with your balance.. I have not seen such credible/reliable broker in 15 years of my trading period.
but stranger things has been seen before..

anyhow good on you bud, keep WUKAR, lol
Passion, Persist, Patience, Protect
  • #13,447
  • Jul 25, 2014 5:24am Jul 25, 2014 5:24am
Quoting FXEmpire
{quote} dear Udine.. guys like him are after one thing.. he wants to reveal that you are full of it.. that's his purpose.. that's what he believes in his sick and jealous mind.. you reject the suggestion politely and logically... but I help you out and, saying it bluntly as to whats the real purpose.. these guys are plain evils.. put his a s s on ignore.. a few more days he comes up with another thing.

nahhh not to worry..

its simply a fellow dutchman...

we are standard a pain in the butt

Udine
Sleep less, live fast, as it aint gonna last
  • #13,448
  • Jul 25, 2014 5:26am Jul 25, 2014 5:26am
Quoting Masterrmind
{quote} My commission is fixed = Maximum $7/ standard lot traded (even less with right setup) open and close position and generally very low spreads too. I'm very happy compared to what I see others paying. To me it's all about adding money to my account (but of course you have to shop around for the right broker, I'm very happy with the ones I have). Masterrmind...........
MM,

Don't like to talk broker info here, but you mention commissions, my trade above cost me $0.30 commission open/close, 5 lots ECN live account allowing for small pip scalps.

Cigarguy
Keep It Simple
  • #13,449
  • Jul 25, 2014 5:28am Jul 25, 2014 5:28am
Quoting Udine
{quote} nahhh not to worry.. its simply a fellow dutchman... we are standard a pain in the butt Udine

well include me in that bunch of "pain in the butt",, lol..

you think i giggles him enough..
can't wait for his response back to me now.. would be comical
Passion, Persist, Patience, Protect
  • #13,450
  • Jul 25, 2014 5:32am Jul 25, 2014 5:32am
Quoting cigarguy
{quote} MM, Don't like to talk broker info here, but you mention commissions, my trade above cost me $0.30 commission open/close, 5 lots ECN live account allowing for small pip scalps. Cigarguy

I think your ready to go back to another 5 weeks hole.. lol

that cost is impossible with a real broker.. sure you can get it along with a gambling account out of antigua zama zumba land..

gun duel for a withdraw .. no thanks, pass
Passion, Persist, Patience, Protect
  • #13,451
  • Jul 25, 2014 5:33am Jul 25, 2014 5:33am
Quoting Udine
{quote} 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!!
Udine,

Smart. IMO don't become a commercial member and loose all forum posting privileges that's why I closed my commercial thread.

Cigarguy
Keep It Simple
  • #13,452
  • Jul 25, 2014 5:33am Jul 25, 2014 5:33am
Quoting Udine
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 {image}



YES, YES !!!
I "feel" the trend.

flx69
  • #13,453
  • Jul 25, 2014 5:34am Jul 25, 2014 5:34am
Quoting ChrisGC
{quote} I would love to see your screen / screens setup to be able to keep track of all the extra pairs Or you have a trained octopus (8 tentacles) crossed with a spider (extra eyes) to keep an eye on all of the pairs Your process of going through them all will be mighty interesting and enlightening :nerd:
It's very simple actually.

The right setup = multi HD screens 32" (very high resolution as I like to see what I'm trading)

Just imagine 4 laptops in a 2 by 2 configuration and that's my screen showing 4 pairs on each and you have 16 pairs.......

Also have a spare monitor and a couple of laptops and computers.

Treat it like a business, set it up right and be professional..........that's what you need to do!

ps. You do not need to trade anymore than 4 pairs. I simply like to monitor more that's my choice and I'm happy.
Some days you only need 1 pair to get your 2% profit so it's all up to you. I'm used to covering multiple pairs that's what I like to do.

Good Trading.

Masterrmind..........
Master your Mind then Master your Trades
  • #13,454
  • Jul 25, 2014 5:36am Jul 25, 2014 5:36am
Quoting FXEmpire
{quote} I think your ready to go back to another 5 weeks hole.. lol that cost is impossible with a real broker.. sure you can get it along with a gambling account out of antigua zama zumba land.. gun duel for a withdraw .. no thanks, pass
FXEmpire,

You should not speak about that of which you know nothing about.

Regards and Many Pips
Cigarguy
Keep It Simple
  • #13,455
  • Jul 25, 2014 5:39am Jul 25, 2014 5:39am
Do you find the larger screens any great advantage Masterrmind? I hook up to hd tv and it dosent turn me on ... sooner have lappies with diff a/cs on ... going to set up dedicated room in new house and wonder what to go with //
Whats That? you're trading What?
  • #13,456
  • Jul 25, 2014 5:40am Jul 25, 2014 5:40am
Quoting cigarguy
{quote} MM, Don't like to talk broker info here, but you mention commissions, my trade above cost me $0.30 commission open/close, 5 lots ECN live account allowing for small pip scalps. Cigarguy
I don't believe you for 1 second...........

PM me the name and I will personally call them.

ps. Anyway you are right .... there should not be any broker discussion in this thread.

Masterrmind.............
Master your Mind then Master your Trades
  • #13,457
  • Jul 25, 2014 5:40am Jul 25, 2014 5:40am
Quoting cigarguy
UC, level trade to target 5 lots +3.8 or +19 (discratinary math ) Cigarguy {image}
What does it mean PL, EP, CP?
Thanks.
Donde hay Patron no manda Marinero
  • #13,458
  • Jul 25, 2014 5:44am Jul 25, 2014 5:44am
Quoting Udine
{quote} 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!!
The $50 to $100 per month was an insult in my opinion.

I've heard of rooms charging $500 per month to most likely only give the trader a severe headache and a lighter wallet.

So what would Udine's be worth............ infinitely more...........priceless..........

Masterrmind...........
Master your Mind then Master your Trades
  • #13,459
  • Jul 25, 2014 5:45am Jul 25, 2014 5:45am
Quoting cigarguy
{quote} MM, Don't like to talk broker info here, but you mention commissions, my trade above cost me $0.30 commission open/close, 5 lots ECN live account allowing for small pip scalps. Cigarguy
I've been to your thread, and I have visited your broker. But I saw it cost $ 6 a lot about, as I recall. More expensive than Udine or than mine, for example.
Donde hay Patron no manda Marinero
  • #13,460
  • Jul 25, 2014 5:47am Jul 25, 2014 5:47am
Quoting Patron
{quote} What does it mean PL, EP, CP? Thanks.
Patron,

It's not important just a indicator thingy but; EP= entry price and CP= closed price and number of units = lots. I only use it because it displays live profit/loss info as the trade progress. No big deal!

Cigarguy
Keep It Simple
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