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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #821
  • Jul 30, 2007 1:24am Jul 30, 2007 1:24am
Quoting sideusprime
Auslanco sorry for being a pain ..so when it all lines up the 4hr and 1hr ,the stength indicator crossing the 50 is your Trigger?
Thats right...4hr and 1hr has to line up and 1hr has to cross over to the bullish side(50line) It may take about another 4-5 hours before you get a bullish signal..
  • #822
  • Jul 30, 2007 1:24am Jul 30, 2007 1:24am
Quoting fourxtrader
Sorry for your temporary misfortune.

There has been some good discussions on money management here and the levels of risk we place with our trades. Hopefully you have room for at least 50 more trades in your account. If not you need to revisit those principles that help you trade successfully for years to come.

This pair should be called the 'megatron' of currency pairs and is not a good one to trade when you're new even with your 20th or 30th trade execution unless you are demo trading or live trading with micro lots.

Just my opinion based on numerous aaaarrrrgggghhs!


Dr. D.

hahaha...thanks. Yes I am trading only 1 mini lot. I am still in it. I know its a volatile pair but I like it. It fits right in with my short attention span...lol.
Scott
  • #823
  • Jul 30, 2007 1:24am Jul 30, 2007 1:24am
Quoting persian.forex
whats your trade methode?
your latest signal was -160 pips


Being 16 hours online daily, perhaps you can try reading a bit more
  • #824
  • Jul 30, 2007 1:25am Jul 30, 2007 1:25am
Quoting persian.forex
whats your trade methode?
your latest signal was -160 pips
his trade signalks before that made 1000+pips...
  • #825
  • Jul 30, 2007 1:25am Jul 30, 2007 1:25am
1hr just crossed zero
Scott
  • #826
  • Jul 30, 2007 1:25am Jul 30, 2007 1:25am
Quoting trader8686
That's right question, I am confused, if we should long or if we should short, now?
The momentum on the 4H charts is still pointing up whilst the horlies is pointing sharply downwards. My impressions are that we will begin to see a move back to the 5SMA and then possibly continue downwards.
  • #827
  • Jul 30, 2007 1:26am Jul 30, 2007 1:26am
looks like its on its way back to 1hr 5sma, just like you said.
Scott
  • #828
  • Jul 30, 2007 1:26am Jul 30, 2007 1:26am
Quoting auslanco
people who want to scalp , can minimize the looses Target 240.43
Already on it AUS - Thanx
  • #829
  • Jul 30, 2007 1:27am Jul 30, 2007 1:27am
i wish more people asked auslanco wht his strategy is...it should not take much time to spell out a strategy...esp for someone who posts around 1000 posts a day....rather than blindly following the calls, ask for the strategy, evaulate it and then follow it if u feel it is good...
  • #830
  • Jul 30, 2007 1:27am Jul 30, 2007 1:27am
Quoting bundubill
Hi Mike,

I picked up Auslancos call earlier so I'm short and down at the moment. In Auslancos absence will you give us a call if it changes to bullish and we need to get out ?
Sorry bundubill, I didn't see your post.

What I would have said is that if you are following Auslancos signals then you have to respect the stoploss that you were given. Usually they are at precise points and the market may turn just before reaching it.

Seeing as you are just starting I hope that you are on a practice account and have read up on proper money management. There are some good threads on money management and trading psychology by Diallist and Fiji elsewhere in the forum. I think in the Beginners Q&A section.

There's also a wealth of information in the James16 thread and the James16 private forum (which you have to subscribe to, but well worth it even if you only do it for a month).

Regards

Mike
  • #831
  • Jul 30, 2007 1:27am Jul 30, 2007 1:27am
Quoting Timingy
The momentum on the 4H charts is still pointing up whilst the horlies is pointing sharply downwards. My impressions are that we will begin to see a move back to the 5SMA and then possibly continue downwards.
Thanks, and I am short now.
  • #832
  • Jul 30, 2007 1:28am Jul 30, 2007 1:28am
Quoting jigracing
hahaha...thanks. Yes I am trading only 1 mini lot. I am still in it. I know its a volatile pair but I like it. It fits right in with my short attention span...lol.

Scott,

Absolutely.... that's why I'm here. Short attention span? What were we talking about?

Dr. D.
  • #833
  • Jul 30, 2007 1:28am Jul 30, 2007 1:28am
Quoting persian.forex
whats your trade methode?
your latest signal was -160 pips
trading method ???
  • #834
  • Jul 30, 2007 1:29am Jul 30, 2007 1:29am
Quoting ns_karthik
i wish more people asked auslanco wht his strategy is...it should not take much time to spell out a strategy...esp for someone who posts around 1000 posts a day....rather than blindly following the calls, ask for the strategy, evaulate it and then follow it if u feel it is good...
I second that . . . .
  • #835
  • Jul 30, 2007 1:31am Jul 30, 2007 1:31am
Auslanco ,the scalp trade just mentioned target price the close @0335EST and the next resistance point ..yes
  • #836
  • Jul 30, 2007 1:32am Jul 30, 2007 1:32am
Quoting fourxtrader
Scott,

Short attention span? What were we talking about?

Dr. D.
I was just being funny.
Scott
  • #837
  • Jul 30, 2007 1:32am Jul 30, 2007 1:32am
Quoting Timingy
The momentum on the 4H charts is still pointing up whilst the horlies is pointing sharply downwards. My impressions are that we will begin to see a move back to the 5SMA and then possibly continue downwards.
What price do you have at 5SMA?
  • #838
  • Jul 30, 2007 1:33am Jul 30, 2007 1:33am
Quoting ns_karthik
i wish more people asked auslanco wht his strategy is...it should not take much time to spell out a strategy...esp for someone who posts around 1000 posts a day....rather than blindly following the calls, ask for the strategy, evaulate it and then follow it if u feel it is good...
Whats yours? You sound like you have one - care to share it?
  • #839
  • Jul 30, 2007 1:34am Jul 30, 2007 1:34am
Quoting trader8686
What price do you have at 5SMA?
240.3
  • #840
  • Jul 30, 2007 1:34am Jul 30, 2007 1:34am
Quoting Timingy
Whats yours? You sound like you have one - care to share it?
No, I did not setup 5sma. That's why I am asking you.
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