DislikedAnyone know what this indicator is in MT4 ?
Tried the momentum indicator listed in MT4 but does not have same scale as the one shown by Auslanco.
Looked through the old thread and still no idea.Ignored
Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies
Questions About Auslanco's Trades 72 replies
DislikedAnyone know what this indicator is in MT4 ?
Tried the momentum indicator listed in MT4 but does not have same scale as the one shown by Auslanco.
Looked through the old thread and still no idea.Ignored
DislikedI disagree. That trend break can go against you in this pair so easily. Trading ranging markets in shorter timeframes can make you money if things are done correctly. You can reach 200 pips in a short period of time. It is easier to predict the next price movement in the ranging markets. When you try to spot a big move like 200 pips movement at one time, it is likely you'll get stopped out. But this is just a difference of one's trading style.Ignored
DislikedAuslanco,
Glad you started your own thread. If this week is as volatile as last, it may be 500 pages by friday.
Quick question about money management. In order to obtain larger positions while minimizing risk, I scale into orders. I will place an order with say a 50 pip trailing stop. 50 pips below that, i will place a second order. Depending upon the size of the expected correction, I might have three or four levels of entry. I just was curious to see if you see any potential problems with that approach.Ignored
DislikedHello Auslanco and ALL,
Last week was an excellent learning curve for me in forex ,following along the charts with Auslanco calls really filled gapping holes in my view of forex trading....thankyou kindly for your guidence and i look forward to becoming a Human Sponge over the months to come.
Having had a hard time with some unscrupulous brokers can any fair ones!Ignored
Dislikedgreat to see that you have your own thread auslanco. I now have a new hang out.
the dotted line that you always refer to in the momentum indicator as '50' is actually 0. please do correct me if im mistaken.
looking forward to your analysis.Ignored
DislikedToday I decided to write about my trading startegy. Culdnt figure out where to start. It's not easy to summerize something which took me over 3 years to learn. I decided to explain my startegy on real market scenarios on this thread. Therefor I will give a GBP/JPY market analysis start of every session (Tokyo,London,NY). I may cut down on giving signals since I feel that most of the newbies follow the trade calls blindly and they will skip that most imporatnt learning curve of this pair. Hope everyone will enjoy this thread and learn .
Happy Trading.Ignored
DislikedI use
Stochastic RSI 8,3
Momentum 10 C
RSI 14
ADXR 14
Strength Indicator(very simillar to MACD) as the trend confirmation indicator.
If daily 4hr and 1hr all lined up together I go for a 500 pip profit target.
If only 4hr and 1hr lined up together I go for a 200-300 pip target.
If you want more detailed information I would suggest you to have a look @ other GBP/JPY analysis thread, where i have explained about the indicators on number of posts. Thanks for joining this thread& hope you will enjoyIgnored
DislikedYou are correct. This is one reason I dont trade in ranging markets since I follow larger timeframs like daily, 4hr and 1 hr. But I also could trade on ranging markets by breaking my timeframes down to 1hr 10mis and 5 mins . But I have chosen not to do so..Ignored
DislikedForex Toss a coin strategy
Win Rate 30%
Investment $1700
Toss a coin at every London start and Buy or Sell
1 mini lot
Pair GBP/JPY
SL 40pips (2%)
TP 120pips(6%)
3/10 wins . Do your math. You still make money.
The whole idea about the above example is to point out if you have a sound money management plan and even if your trading strategy is crap, you still make money. If you have a strategy which only gives 50% winning trades coupled with a sound money management strategy that’s more than enough for you to make loads of cash.Ignored
DislikedAuslanco,
Glad you started your own thread. If this week is as volatile as last, it may be 500 pages by friday.
Quick question about money management. In order to obtain larger positions while minimizing risk, I scale into orders. I will place an order with say a 50 pip trailing stop. 50 pips below that, i will place a second order. Depending upon the size of the expected correction, I might have three or four levels of entry. I just was curious to see if you see any potential problems with that approach.Ignored
DislikedGood move on having your own thread Auslanco. I think things were starting to get a bit heated over on the other one with the non GJ calls. I don't know how you were managing to call the trades as well as keep an eye on them and answer peoples questions. I also think some of the noobies should be referred to Babypips.com for their beginner lessons.
Your calls have been wonderful and everyone appreciates them but you seemed to become too involved in making it a success for everyone (which shows what a caring person you are). I don't think that anyone would mind if you just made your calls for yourself and we just followed them and learned from them. (and it would make life a lot more pleasant for you).
For most of us the true value is in watching how a successful trader trades (as the trade unfolds) and understanding the thought process that goes behind the decision making.
This last week I have learnt so much from you and I will be following your trades as often as I can, but I won't be acting on your signals as I feel that I'll become too reliant on them and it would impede my learning process. (If my signals come up half as good as yours I'll be happy ).
Thanks again for coming to this forum and I look forward to learnig heaps more this week.
All the best
MikeIgnored