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

  • #3,581
  • Aug 4, 2007 5:08pm Aug 4, 2007 5:08pm
Quoting auslanco
I can see some great analysis done by members of this thread specially Karmostaji during my absence and I hope everyone will keep contributing their thoughts on this thread in the future. I had to take few days off due to my health situation and in the future I will keep posting my own trades with chart analysis. Please remember that theses are not trade calls and if you are interested in taking those trades, please only do so after analyzing your own trading strategy.

As of Saturday 4th August my C 2 system is still on a 30% drawdown and the reason behind this was a failure in proper technical setup between the NinjaTrader and C2 platform. I will take the full responsibility for this failure and all the losses were already refunded to the client accounts out of my own funds. C2 system is only available for demo trading in the future.

I like to apologize to wwwin and angler for criticizing them on this thread and I would like to thank everyone who sent me emails and PM’s supporting me during the very stressful last two weeks.
Is great news that you are back Asulanco, I fell that everybody on the thread matured in your absence, and indeed Karmostaji was the one to keep it alive while you were gone, I am sure that both of you will do a great job in helping us become better traders. Just manage your health, is no wonder that you got sick after all that stress on the thread and misfortune with your C2 platform.
I also hope that C2 system will be available in the future for live trading after you fix your technical problems, because I am set on trying it live, but only after you give a go ahead on it.
And also apologizing is a great gentleman gesture from your behalf, especially because you had no reason to do that.
If your well stay that way, if your not 100%, get well as soon as possible!
  • #3,582
  • Aug 4, 2007 6:05pm Aug 4, 2007 6:05pm
Quoting egutie6970
Cuz them yanks think having no jobs, high interst rates, losing their homes, is good for the economy...

One man's loss is another's gain. Yeah, I know but it's a dog eat dog world we live in.
Humble Lifetime Member
  • #3,583
  • Aug 4, 2007 6:49pm Aug 4, 2007 6:49pm
Quoting Ash
One man's loss is another's gain. Yeah, I know but it's a dog eat dog world we live in.
The other man consists of the people in China and about 10,000 people in the US. The other 300+ million in the US are going to be the eaten dogs.
  • #3,584
  • Aug 4, 2007 7:20pm Aug 4, 2007 7:20pm
Quoting de123
a.) i have already say something about the elections, but ok.ill say one more time, Before elections currency usually strenghteen to ATRACT THE VOTERS, when we know who won, and the premier of the Japan still the same, it shouldnt do any big reversal to the downside, since the same politics, internal or external should continue....again MIGHT
Currently, the Liberal Democratic Party has a serious shortage of manpower, therefore, ruling parties had no choice but to secure Abe's position. Prime Minister Mr.Abe(only 52-years-old) was brought up like a tender plant(greenhorn) and he tends to be influenced by the political factional pressures.
Peace and Happiness through Prosperity (by Konosuke Matsushita)
  • #3,585
  • Aug 4, 2007 7:33pm Aug 4, 2007 7:33pm
Auslenco, I am happy to see you back. NOT for the money I can learn to make with trading GJ, but from the human point of view. Health cannot be bought nowhere, so you take care of yourself, mate, and the rest will come eventually again. Enjoy what is left of the weekend.

Freddy
  • #3,586
  • Aug 4, 2007 11:06pm Aug 4, 2007 11:06pm
Aus,

I am very excited you are back... can't wait to continue learning and trying to understand your strategy. I'm sure you have 2million PMs by now, but I sent one earlier today with a business question regarding accounts and such. Take a look whenever you grab some time.

Wish you good health and we'll see you this week for another crazy market week!
Craazy
  • #3,587
  • Aug 4, 2007 11:21pm Aug 4, 2007 11:21pm
teekee,

I tried to reply to your PM, but it says you have disabled receiving PMs.
Trade what you see, not what you think.
  • #3,588
  • Aug 5, 2007 12:33am Aug 5, 2007 12:33am
Auslanco,

Welcome back! I'm glad that you are ok and are feeling better.

Can we discuss the last trade that we were watching before you left? I'm hoping to learn from it since it costs me some money. It went against us, and then hit the stop loss. HOwever, it went back to the original take profit eventually after hitting the SL. Do you think the stop loss was in the right place to begin with or should it have been further back. Once everything started going bearish, should we have reversed the trade or hedged it?

Thanks,

Frank


Quoting auslanco
I can see some great analysis done by members of this thread specially Karmostaji during my absence and I hope everyone will keep contributing their thoughts on this thread in the future. I had to take few days off due to my health situation and in the future I will keep posting my own trades with chart analysis. Please remember that theses are not trade calls and if you are interested in taking those trades, please only do so after analyzing your own trading strategy.

As of Saturday 4th August my C 2 system is still on a 30% drawdown and the reason behind this was a failure in proper technical setup between the NinjaTrader and C2 platform. I will take the full responsibility for this failure and all the losses were already refunded to the client accounts out of my own funds. C2 system is only available for demo trading in the future.

I like to apologize to wwwin and angler for criticizing them on this thread and I would like to thank everyone who sent me emails and PM’s supporting me during the very stressful last two weeks.
  • #3,589
  • Aug 5, 2007 1:23am Aug 5, 2007 1:23am
Hi Frank, I'm glad that you brought this up.Thats trade was a bad trade overall.
1). According to my strategy the actual Buy entry price should have been 240.88 but I entered @ 241.61 after I was asleep when the actual 1hr cross over took place
2) Since the 4hr and 1hr was bullish(daily was bearish) the profit target should have been 200 pips (TP @242.88) from the entry price . Again my strategy was spot on, but I wasn't
3.My maximum SL is 100 pips from the entry price so this wasn't an issue about the SL.

Although I walked away with 66 pip profit..It was a bad judgment call overall after a very exhausted week .
To overcome this situation in the future I will be selecting few members from different time zones and provide them with 1 on 1 training and even if I make a bad call, other members who use the same strategy could correct it on this thread.


Quoting frank99
Auslanco,

Welcome back! I'm glad that you are ok and are feeling better.

Can we discuss the last trade that we were watching before you left? I'm hoping to learn from it since it costs me some money. It went against us, and then hit the stop loss. HOwever, it went back to the original take profit eventually after hitting the SL. Do you think the stop loss was in the right place to begin with or should it have been further back. Once everything started going bearish, should we have reversed the trade or hedged it?

Thanks,

Frank
  • #3,590
  • Aug 5, 2007 1:58am Aug 5, 2007 1:58am
Quoting auslanco
I can see some great analysis done by members of this thread specially Karmostaji during my absence and I hope everyone will keep contributing their thoughts on this thread in the future. I had to take few days off due to my health situation and in the future I will keep posting my own trades with chart analysis. Please remember that theses are not trade calls and if you are interested in taking those trades, please only do so after analyzing your own trading strategy.

As of Saturday 4th August my C 2 system is still on a 30% drawdown and the reason behind this was a failure in proper technical setup between the NinjaTrader and C2 platform. I will take the full responsibility for this failure and all the losses were already refunded to the client accounts out of my own funds. C2 system is only available for demo trading in the future.

I like to apologize to wwwin and angler for criticizing them on this thread and I would like to thank everyone who sent me emails and PM’s supporting me during the very stressful last two weeks.
YOUR BACK !(!")*((*&*£^&$!$:
  • #3,591
  • Aug 5, 2007 2:45am Aug 5, 2007 2:45am
Quoting auslanco
I can see some great analysis done by members of this thread specially Karmostaji during my absence and I hope everyone will keep contributing their thoughts on this thread in the future. I had to take few days off due to my health situation and in the future I will keep posting my own trades with chart analysis. Please remember that theses are not trade calls and if you are interested in taking those trades, please only do so after analyzing your own trading strategy.

As of Saturday 4th August my C 2 system is still on a 30% drawdown and the reason behind this was a failure in proper technical setup between the NinjaTrader and C2 platform. I will take the full responsibility for this failure and all the losses were already refunded to the client accounts out of my own funds. C2 system is only available for demo trading in the future.

I like to apologize to wwwin and angler for criticizing them on this thread and I would like to thank everyone who sent me emails and PM’s supporting me during the very stressful last two weeks.
Ok, I am not using your trade calls, and I was quite disappointed in the fact (Well let me say the implied fact by others) that you were luring people to buy something from you.

You can look back at my posts and see I have never posted anything for or against you until I read a response from you as I wanted to see both sides of the story.

Now, for you. Sir, I respect you very much for what you have done. You have not only tried to help people, but when it did not work out, you took full responsibility for your auto trade system and refunded those people from your OWN money. That is rare in any business let alone one with such risk. Not many people have the integrity you have displayed in the last week or so.

To the people who posted negative (And made a separate post on you). You guys suck. I do not care if you are a moderator or not, You suck. It was stated Before you made that post that Aus was in the hospital. Instead of waiting for a response from the guy after a reasonable timeframe (You knew he was in the hospital), you incited mob mentality and bum rushed him while he was unable to defend himself.

I am getting quite tired of the mentality on this forum. The same people who BASH others for noobie questions asked the same questions if you review there post history.
Que
  • #3,592
  • Aug 5, 2007 4:16am Aug 5, 2007 4:16am
OK .... who's still short ?
I am @ 242.44 - 241.89 - 241.99 - 241.66
Thinking of closing @ market open then short again @ london open if the trend ontinues - any opinions ?
  • #3,593
  • Aug 5, 2007 4:27am Aug 5, 2007 4:27am
Quoting zoheir
OK .... who's still short ?
I am @ 242.44 - 241.89 - 241.99 - 241.66
Thinking of closing @ market open then short again @ london open if the trend ontinues - any opinions ?
I'm no expert, but my plan is as follows:

Market Gap Higher then Friday Close: Hold position as market will fill gap.
Market Gap Lower then Friday Close: Close position as it will be the lowest it will go until market fills the gap.
Market has no Gap: I have no clue right now.......
Que
  • #3,594
  • Aug 5, 2007 4:33am Aug 5, 2007 4:33am
Quoting Que
I'm no expert, but my plan is as follows:

Market Gap Higher then Friday Close: Hold position as market will fill gap.
Market Gap Lower then Friday Close: Close position as it will be the lowest it will go until market fills the gap.
Market has no Gap: I have no clue right now.......
Sound logical , and i think if market has no gap we still hold until Tokyo opens and take it from there.
  • #3,595
  • Aug 5, 2007 4:53am Aug 5, 2007 4:53am
Quoting auslanco
I can see some great analysis done by members of this thread specially Karmostaji during my absence and I hope everyone will keep contributing their thoughts on this thread in the future. I had to take few days off due to my health situation and in the future I will keep posting my own trades with chart analysis. Please remember that theses are not trade calls and if you are interested in taking those trades, please only do so after analyzing your own trading strategy.

As of Saturday 4th August my C 2 system is still on a 30% drawdown and the reason behind this was a failure in proper technical setup between the NinjaTrader and C2 platform. I will take the full responsibility for this failure and all the losses were already refunded to the client accounts out of my own funds. C2 system is only available for demo trading in the future.

I like to apologize to wwwin and angler for criticizing them on this thread and I would like to thank everyone who sent me emails and PM’s supporting me during the very stressful last two weeks.
Welcome back son.......looking forward to hear more of your analysis.....baby
  • #3,596
  • Aug 5, 2007 5:00am Aug 5, 2007 5:00am
Quoting karmostaji
Ofcourse it might act as support, it has supported several times before and it also went through it once when it reached 237.58, you shouldn't just rely on fibo's.. it depends also on the candlestick formation pattern (mainly 4H and daily)
Price doesn't just usually touch the fibo level and bounce, if you look at the charts.. price pierced through fibos many times but then closed above, where the candle closes is very important.
You should combine all of it together and NOT just rely on 1 indicator, you need to have some back up and confirmation

when a candle closes above a fib even if it broke it before, what does it mean pls
THE TREND IS UR FRIEND
  • #3,597
  • Aug 5, 2007 5:08am Aug 5, 2007 5:08am
Quoting tradechief
when a candle closes above a fib even if it broke it before, what does it mean pls
it means the level might hold, be tested one more time, or might be broken....nothing else.
its just money
  • #3,598
  • Aug 5, 2007 5:08am Aug 5, 2007 5:08am
[quote=auslanco;1523709]I can see some great analysis done by members of this thread specially Karmostaji during my absence and I hope everyone will keep contributing their thoughts on this thread in the future. I had to take few days off due to my health situation and in the future I will keep posting my own trades with chart analysis. Please remember that theses are not trade calls and if you are interested in taking those trades, please only do so after analyzing your own trading strategy.

As of Saturday 4th August my C 2 system is still on a 30% drawdown and the reason behind this was a failure in proper technical setup between the NinjaTrader and C2 platform. I will take the full responsibility for this failure and all the losses were already refunded to the client accounts out of my own funds. C2 system is only available for demo trading in the future.


aus is in da hooouuuuse nice to have our mentor back, pls thank karmostaji; been great
THE TREND IS UR FRIEND
  • #3,599
  • Aug 5, 2007 5:18am Aug 5, 2007 5:18am
Quoting auslanco
Hi Frank, I'm glad that you brought this up.Thats trade was a bad trade overall.
1). According to my strategy the actual Buy entry price should have been 240.88 but I entered @ 241.61 after I was asleep when the actual 1hr cross over took place
2) Since the 4hr and 1hr was bullish(daily was bearish) the profit target should have been 200 pips (TP @242.88) from the entry price . Again my strategy was spot on, but I wasn't
3.My maximum SL is 100 pips from the entry price so this wasn't an issue about the SL.

Although I walked away with 66 pip profit..It was a bad judgment call overall after a very exhausted week .
To overcome this situation in the future I will be selecting few members from different time zones and provide them with 1 on 1 training and even if I make a bad call, other members who use the same strategy could correct it on this thread.
aus, can this trader represent West Africa?
THE TREND IS UR FRIEND
  • #3,600
  • Aug 5, 2007 7:08am Aug 5, 2007 7:08am
Quoting tradechief
when a candle closes above a fib even if it broke it before, what does it mean pls
It depends on the trend, if we are in a downtrend and the candle goes through the fibo line and then close above the fibo, it tells me that this fibo might hold for a while, or we might go and test the resistance above, or we might have a reversal from here, it depends on the candle's formation.

Read more about candlestick formation pattern
Trade what you see, not what you think.
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