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

  • #1,641
  • Jul 31, 2007 4:47am Jul 31, 2007 4:47am
Quoting Holypendant
But yest candle was a reversal. quite long shadow. so i tot it will be starting of bullish again...
I don't like candle formations... because it depends on the time of your broker if it has the shadow.. or if it has a full body down... or whatever... ignore candle patterns... a big shadow... only means there has been a fast movement down... the interesting thing is the speed of the movements.... and for that.... is the momentum indicator!

edit: sorry.. I realized you mention yesterday... so a daily candle.... that doesn't depend on broker time... is a big time
  • #1,642
  • Jul 31, 2007 4:52am Jul 31, 2007 4:52am
HI Auslanco,

May be Iam missing something. 5 sma on daily shows 241.60 Where do we get 243.20 other than 32% retracement

Thanks
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #1,643
  • Jul 31, 2007 4:52am Jul 31, 2007 4:52am
Quoting auslanco
If check your 1hr candle it didt have a upward wick... sure sign of a retracement.
On that downward spike I got stopped out (with profit) because I moved my SL up! Now I'm regretting putting it where I did.

Need to find an entry point. Don't look like we'll be coming any closer to the 1H SMA!

Hate sitting on the benches...
  • #1,644
  • Jul 31, 2007 4:55am Jul 31, 2007 4:55am
Quoting auslanco
If check your 1hr candle it didt have a upward wick... sure sign of a retracement.
which 1hr u refering? wats upward wick?
  • #1,645
  • Jul 31, 2007 4:58am Jul 31, 2007 4:58am
Hi can somebody here give a summary post of auslanco's trading system.
So when we follow auslanco's call, we can slowly improve our trading feeling of auslanco's trading system.
  • #1,646
  • Jul 31, 2007 5:00am Jul 31, 2007 5:00am
LOL... tink i am goin to be killed by greed. G/J goin dwn... how could i be wrong.....
  • #1,647
  • Jul 31, 2007 5:00am Jul 31, 2007 5:00am
Quoting Timingy
On that downward spike I got stopped out (with profit) because I moved my SL up! Now I'm regretting putting it where I did.

Need to find an entry point. Don't look like we'll be coming any closer to the 1H SMA!

Hate sitting on the benches...
I can't count how many times that happened to me...
I still don't know how to manage that
hey.. but a profit is a profit... the problem of being stopped like that... is that is the worst time to be stopped...
  • #1,648
  • Jul 31, 2007 5:00am Jul 31, 2007 5:00am
Quoting karmostaji
you should learn how to control your emotions, psychology is a big part of the game my friend
I just made a cuppa and watched part of The Simpsons
  • #1,649
  • Jul 31, 2007 5:01am Jul 31, 2007 5:01am
Quoting Holypendant
LOL... tink i am goin to be killed by greed. G/J goin dwn... how could i be wrong.....
hey.. don't look at the charts...it's stressing... trust auslanco's target
  • #1,650
  • Jul 31, 2007 5:03am Jul 31, 2007 5:03am
Quoting Holypendant
LOL... tink i am goin to be killed by greed. G/J goin dwn... how could i be wrong.....
That was my chance to hitch a ride - and I missed it.Its back up now
  • #1,651
  • Jul 31, 2007 5:04am Jul 31, 2007 5:04am
Quoting 200
Hi can somebody here give a summary post of auslanco's trading system.
So when we follow auslanco's call, we can slowly improve our trading feeling of auslanco's trading system.
I remember reading someone's post that said they were going to post his trading system in a pdf file by weeks end i am looking for it too know most of it though but i might be missing small bits and pieces though
  • #1,652
  • Jul 31, 2007 5:04am Jul 31, 2007 5:04am
Quoting Holypendant
LOL... tink i am goin to be killed by greed. G/J goin dwn... how could i be wrong.....

meh....going one way baby.....245 ans staying alive....
  • #1,653
  • Jul 31, 2007 5:06am Jul 31, 2007 5:06am
Quoting emda
hey.. don't look at the charts...it's stressing... trust auslanco's target
I'm using my own method to c whether any traders here tink alike as me using diff strateggy to trade as it boost my confidence in trusting my own analyse... i nvr tak auslanco's signal at all.. i onli comparing it so tt i can know whats in his mind n my mind. but one thing for sure is we r goin for pips.. haha... one shld learn to trade n not following ppls order....
  • #1,654
  • Jul 31, 2007 5:06am Jul 31, 2007 5:06am
I didn't go to work today so I'm playing on my new PS3 and looking at the screen every 10 seconds can't make a Cuppa though , it's very hot in Dubai now!
  • #1,655
  • Jul 31, 2007 5:13am Jul 31, 2007 5:13am
Good 4hr Momentum
Attached Image
  • #1,656
  • Jul 31, 2007 5:15am Jul 31, 2007 5:15am
Quoting auslanco
Good 4hr Momentum

tease...
  • #1,657
  • Jul 31, 2007 5:15am Jul 31, 2007 5:15am
heheheh while we are trying to get and understand the way Auslanco uses indicators someone on an another forum has written this




"Daily and 4 H Trading system(No day Trading)
i have developed a syestem which i think is profitable, its medium term trading syetem which needs patience and waiting to be profitable. The system will be more perfect with your positive and constructive critique
The parameters are as under
1 EMA 5 (Close)
2 EMA 10 (close)
3 EMA 20 (Close)
4. EMA 50 (close)
5. EMA crossover signal with arrow for EMA 5/10 (custom Indicator)
6. PSAR step 0.02 Max 0.2
These are the setting on the charts and now indicators below
1. MACD (custom Indicator)
2. Trend (custom Indicator)
3. Stoch (15,5,5 simple close/close)
4. Moving average of oscillator (12,26,9, close)
5. Demarker (14) "


I dont know if it is appropriate naming the forum but the nick is Hello1234...

Are you here hello1234?
  • #1,658
  • Jul 31, 2007 5:17am Jul 31, 2007 5:17am
Quoting Holypendant
LOL... tink i am goin to be killed by greed. G/J goin dwn... how could i be wrong.....

If you are so sure , can you please post some proof of your charts to prove your point.. You are making all the new traders confused... Please make sure to give everyone some proof of what you believe..other wise please keep it to your self. Thank you.
  • #1,659
  • Jul 31, 2007 5:18am Jul 31, 2007 5:18am
Quoting auslanco
If you are are so sure , can you please post some proof of your charts to prove your point.. You are making all the new traders confused... Please make sure to give everyone some proof of what you believe..other wise please keep it to your self. Thank you.

i post my pic... tell me how to post chart in here.. sorry for the confusion...
  • #1,660
  • Jul 31, 2007 5:23am Jul 31, 2007 5:23am
Quoting Holypendant
I'm using my own method to c whether any traders here tink alike as me using diff strateggy to trade as it boost my confidence in trusting my own analyse... i nvr tak auslanco's signal at all.. i onli comparing it so tt i can know whats in his mind n my mind. but one thing for sure is we r goin for pips.. haha... one shld learn to trade n not following ppls order....
totally agree... yesterday I opened an order against auslanco's trade... got 50 pips... and then went long as auslanco... with my system was seeing a down move before auslanco's long run... so.. I fine tuned the entry...

Auslanco... have you thought about fine tunning your entries and using 50 pips stoploss instead of 100 ? Maybe in that way you can leverage a bit more.. only a bit.... I'm sure you have to have a reason for not doing it... maybe because the character of this pair.
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