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

  • #7,421
  • Aug 14, 2007 11:56am Aug 14, 2007 11:56am
Quoting fxnewb
Quote:
Originally Posted by fourxtrader http://www.forexfactory.com/images/buttons/viewpost.gif
Don't think I'll trade this pair anymore during the NY market, at least during such volatile periods... (I guess that means for the next 5 years... lol.)

The revelation that the dow and the GBPJPY are joined at the "pip"... takes all the fun out of it. Why can't they just develop more complex personalities of their own.

Dr. D.

I'm with you two, and in the same situation like Ovidiu... so stressful and I'm taking Karmo's advice "Smile"
Hmmm which advice was that? The drink?

I will go with karm this time but with larger stops and such so I don't get killed again like when I play things to tight.
  • #7,422
  • Aug 14, 2007 12:03pm Aug 14, 2007 12:03pm
For MQ4 users I have found the Gann HiLo Activator. It is based on SMAs of Highs and Lows, and appears identical to the VT version.
Attached File(s)
File Type: mq4 Gann HiLo Activator.mq4   3 KB | 423 downloads
  • #7,423
  • Aug 14, 2007 12:05pm Aug 14, 2007 12:05pm
Quoting karmostaji
232.50 is not too far away, my beautiful target

it will come soon patience is the key

I may join you for that slide down to your TP's.... after this beast tests some of those higher levels (in non-NY trading).

sitting on the sidelines....

sleepinginadumpster
  • #7,424
  • Aug 14, 2007 12:05pm Aug 14, 2007 12:05pm
Just got a confirmation from 4hr. Going south.

Target is 231.00 (too far?)

I will enter on London open tomorrow. Time to go to sleep.

Thanks everyone for contributing
good night for me, althought it is noon.

Take care


edit: should have been 231
Why do people only post a nice trending period chart?
  • #7,425
  • Aug 14, 2007 12:05pm Aug 14, 2007 12:05pm
Quoting hookham
For MQ4 users I have found the Gann HiLo Activator. It is based on SMAs of Highs and Lows, and appears identical to the VT version.
Cool, I will check it out.

Thanks
  • #7,426
  • Aug 14, 2007 12:11pm Aug 14, 2007 12:11pm
Quoting yuhu
Just got a confirmation from 4hr. Going south.

Target is 236.00 (too far?)

I will enter on London open tomorrow. Time to go to sleep.

Thanks everyone for contributing
good night for me, althought it is noon.

Take care
You must live in my time zone..lol.. my bed time too but are you sure you want to go with the 236.00 target? or did you mean a lower target?
  • #7,427
  • Aug 14, 2007 12:13pm Aug 14, 2007 12:13pm
Karmostaji, I have a question for you, let alone the fact that you are a very good trader, I think that at least with GJ, it is something about the SL also, to get in a trade and stick with it like you do with out being stressed by annoying factors like the DOW or any unpredicted movement(most of them are unpredicted: ), what is in you opinion a safe enough SL 100 pips, 150 pips, 200..., that is when you enter a trade for a longer term no for scalping?
And also to respect MM what would be the minimum size of an account?
Thanks
  • #7,428
  • Aug 14, 2007 12:17pm Aug 14, 2007 12:17pm
I hope nobody misses the train
Trade what you see, not what you think.
  • #7,429
  • Aug 14, 2007 12:17pm Aug 14, 2007 12:17pm
Quoting kevinsw
You must live in my time zone..lol.. my bed time too but are you sure you want to go with the 236.00 target? or did you mean a lower target?
Sorry, it was supposed to be 231.00
getting tired..
Why do people only post a nice trending period chart?
  • #7,430
  • Aug 14, 2007 12:18pm Aug 14, 2007 12:18pm
Quoting karmostaji
I hope nobody misses the train
I'm still with you buddy, been enjoying the whole journey
  • #7,431
  • Aug 14, 2007 12:19pm Aug 14, 2007 12:19pm
Quoting karmostaji
I hope nobody misses the train

I am hoping to enter when London opens tomorrow. I don't feel safe going to sleep with any open position.

Surely the train will come again when London opens, eh?
Thanks
Why do people only post a nice trending period chart?
  • #7,432
  • Aug 14, 2007 12:21pm Aug 14, 2007 12:21pm
Quoting hookham
For MQ4 users I have found the Gann HiLo Activator. It is based on SMAs of Highs and Lows, and appears identical to the VT version.
Thanx a lot Hookham, but what about the strenght indicator? Do you have it as well? that would be really great, if you can, please share it here. Thanx.
We leave no soldier behind.
  • #7,433
  • Aug 14, 2007 12:22pm Aug 14, 2007 12:22pm
Quoting ovidiu
Karmostaji, I have a question for you, let alone the fact that you are a very good trader, I think that at least with GJ, it is something about the SL also, to get in a trade and stick with it like you do with out being stressed by annoying factors like the DOW or any unpredicted movement(most of them are unpredicted: ), what is in you opinion a safe enough SL 100 pips, 150 pips, 200..., that is when you enter a trade for a longer term no for scalping?
And also to respect MM what would be the minimum size of an account?
Thanks
That is the toughest thing (setting SL) when you trade this pair, 100-200 pips is nothing for this pair.. it will hit it easily, what I do is set my SL very far or as soon as the trade goes my way, I lock in like 10 pips profit and then let it run and if i get stopped out, thats +10
If I'm sitting infront of the PC, sometimes I don't set a SL and just keep track of it but most of the time I lock in a small number of pips of profit and then let it run

Using MM, to me the account size doesn't matter, I usually risk 1% which is 100 pips, but even if I let it run for more than 100 pips against, it won't hurt me much but I keep a close eye on the fibo, s/r and other stuff. I wouldn't want the trade to go -1000 LOL
Trade what you see, not what you think.
  • #7,434
  • Aug 14, 2007 12:23pm Aug 14, 2007 12:23pm
Quoting karmostaji
I hope nobody misses the train
I am in too... Just find it hard to sleep with out a S/L to protect me.
  • #7,435
  • Aug 14, 2007 12:25pm Aug 14, 2007 12:25pm
Quoting kevinsw
I am in too... Just find it hard to sleep with out a S/L to protect me.
as soon as the trade goes your way, lock in a small # of pips and set a target, your trade will end up +

This can either slide down to 232 area or retrace (the one we've been waiting for all day LOL) and then go down
Trade what you see, not what you think.
  • #7,436
  • Aug 14, 2007 12:29pm Aug 14, 2007 12:29pm
Quoting karmostaji
232.50 is not too far away, my beautiful target

it will come soon patience is the key

Mmmm.... I personally find it very difficult to set the TP levels in a situation like this, when it is so obvious that there is SO MUCH further down to go, overall - in fact, we're only just starting now, in my view.

What percentage of your short are you planning to take at your two profit targets, Karm? I assume you're going to retain some short after both>?
  • #7,437
  • Aug 14, 2007 12:30pm Aug 14, 2007 12:30pm
volume has picked up in market trading, and the dow is sitting right above 13,100. We may see another attempt on 13,000 before close of market. The next area of resistance looks to be around 12,800, which would give a ~250 pip drop in GJ.

Not saying it will happen, just that it is a possibility.
  • #7,438
  • Aug 14, 2007 12:30pm Aug 14, 2007 12:30pm
started duking it out with this 'pair' wearing boxers....

two hours later ending the spar in a draw, unscathed....
well...... almost.... wearing a thong with a wedgie....

who's next....? lol

Dr.D...
  • #7,439
  • Aug 14, 2007 12:32pm Aug 14, 2007 12:32pm
Quoting karmostaji
as soon as the trade goes your way, lock in a small # of pips and set a target, your trade will end up +

This can either slide down to 232 area or retrace (the one we've been waiting for all day LOL) and then go down
Well I got +10 locked in, I might place a 65 pip T/S just to let it lock in more while I sleep then open it up when I wake up if it is still a working trade.
  • #7,440
  • Aug 14, 2007 12:33pm Aug 14, 2007 12:33pm
Quoting kevinsw
I am in too... Just find it hard to sleep with out a S/L to protect me.
trailing stop has always been my "go to bed strategy" always paid off
lock in 50% and let it move .... my humble experience is that anything less than 45 trailing stop will get you out quickly
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