Auslanco - GBP/JPY and GBP/USD (newstrade)
Lets Discuss GBPJPY....
thanks so much in helping us new traders!!! i need the help.
Much Better Here
Much better you have your thread here... you are much more clear here and no more confusion as to what you are all about...
Good luck to you in your thread !!
I was following the GBP/JPY thread throughout the week and I had to register just to say thanks for your advice...I made over 500pips this week because of you.
I hope that you continue to pass on as much knowledge of the market as possible (not just trade entries).
Today 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 .
Aussie new thread
Good that you started your own thread.
I am now studying all the charts and posts from last week.
Trying to learn how you spotted the sharp downturn in GBP/JPY.
Your efforts are definetely appreciated. Just wish the "newbies" would
do the homework and learn how to trade effectively instead of trying to trade without learning how to trade.
Looking forward to learning more from you.
Great to hear from you. hope you had a good weekend so far. I hope to see you here next week
Great idea starting your own thread here. It helps re-enforcing the concept of sound Money Management - both to new traders like myself, and even to experienced traders.
I've always stuck with GBP/USD because it isn't as volatile as GBP/JPY - in fact, for the first little while I was too scared to even trade it! But like you said, the more attention to you pay to it - well, it goes with just about anything you do - the more you begin to see how it behaves.
Right now I trade on a mini-account with FXCM - I'm still a poor student so can't afford more But I do demo trade as well and am constantly playing on my demo account.
Like most people here I look forward to you going into your trading style - be it, the breakouts you mentioned, or even news trading.
Thanks for the patience you've shown here, it's nice to see someone with no ego involved, only trying to help others out.
And yes, there are a number of people on this forum with great insight - I hope they post in your thread as well.
I'm looking forward to reading your calls without the Noise. Best O' British Luck to You auslanco. Go For It!
thank you for continuing you education with us, i know it takes patience and generositiy.
I have downloaded vt trader charts and playing with the indicators you mentioned in the other thread. looking forward to understanding
Reading through all those great posting last week. I printed out all the posts and read about half so far.
I still a bit confused on the Momentum Inidcator.
I know you stated used the Momentum when there is enough Volume, otherwise it can give false movements.
But if Momentum is up, is it Bullish? Momentum down Berarish?
Or is it the Momentum increasing/slowing?
Is there a break point number like 50 on RSI, that you use on Momentum?
One more question the 5 SMA? is this simple moving average on closed parameter? I'm having a hard time seeing what you see on this.
Great to be here Auslanco. Looking forward to learning from you.
Also opened an FXCM account and wanted to know how to set it up for auto trading and your signals.
Thanks for sharing your information with us. I have taken my time to develop my own MM stratagey and it has been working for me. What has not been working for me is trying to guess the peaks and valleys of every trade. It is a dumb way to trade, and I am taking that out of my mind.
What it comes down to is "Is taking 50 pips off a 200 pip move bad?".
I sat down last night and realized that any pips made are good. No need to try and go for every pip on every move, as it will do nothing but empty my account.
Anyhow, I look forward to learning about your stratagey on the GBPJPY.
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