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

  • #11,801
  • Aug 20, 2007 10:03am Aug 20, 2007 10:03am
Quoting fourxtrader
The hourly has turned into a nice spinning top.

Candlestick interpretation: indecision

my decision then is to continue....

sleepinginadumptser

Indeed
COT: The precious data ignored
  • #11,802
  • Aug 20, 2007 10:03am Aug 20, 2007 10:03am
Quoting karmostaji
Interesting hourly close on UJ, GU, GJ

should I long here? hmm, no I will wait for confirmation, but I'm expecting price to go up

Salam Karmo...why do you say that the hourly close are interesting? Any significance?
  • #11,803
  • Aug 20, 2007 10:03am Aug 20, 2007 10:03am
Quoting auslanco
Thats correct... Market is going into a ranging zone.. This is usually the case after a week with big moves. Marjket is settling down untill it finds it's direction. We were lucky to get a 300 pip move during the London. I don't expect anymore trades from my strategy for today. May be Karmo will do some trades.
Even the scalping is lousy right now.
  • #11,804
  • Aug 20, 2007 10:04am Aug 20, 2007 10:04am
Quoting kuroro001
For me it ain't really interesting , i don't really like spinning tops .
They don't give you the direction of the market , so i'll wait like you
DOW couldn't break the 50 fib, might fall and rebound by the end of the session
Trade what you see, not what you think.
  • #11,805
  • Aug 20, 2007 10:04am Aug 20, 2007 10:04am
This down trend could go down to 226.38 area.. start of the 04.00 EST (VT)4hr bar before it turns up or down again. but if you are planning to go short be carefull..there is no confirmation of a downfall from my strategy.
  • #11,806
  • Aug 20, 2007 10:05am Aug 20, 2007 10:05am
Nevermind....i got the answers already...I really need to keep my eyes glued to the monitor more often....
  • #11,807
  • Aug 20, 2007 10:06am Aug 20, 2007 10:06am
Quoting xlr8
Salam Karmo...why do you say that the hourly close are interesting? Any significance?
wsalam

we have a spinning top like our Dr. said, sometimes price changes direction 'sometimes' after a spinning top, google for candlestick patterns, you'll find plenty of good info's
Trade what you see, not what you think.
  • #11,808
  • Aug 20, 2007 10:07am Aug 20, 2007 10:07am
Quoting karmostaji
What Money Management were you using? how much were you risking per trade (average)?
I wasn't using money management at the time and neither s/l's. I learned my lesson after going down to $146. I didn't give up. I was using the momentum indicator and rsi. I kept a low pip margin of 20 to 60 pips per trade. and was trading 3 to six times a day. 12 to 16 hours sitting in front of the computer watching my trades and reading up. I've learned my lesson now. Money management and S/L's are the foundation of good trading.

I will be taken some classes with the James 16 group to further enhance my knowledge and hopefully become a better trader with a btter understanding on the how the markets react. So much to learn. this is a good field to get into if you can grasp the fundamentals and technicals aspect of it.

Humble Lifetime Member
  • #11,809
  • Aug 20, 2007 10:09am Aug 20, 2007 10:09am
Quoting auslanco
I will go long when the 15min QQE cross upwards and confirmed.
Aus, when the QQE on 15 min chart corresed up, how did you know that was not a good entry price? I entered and lost 100 pips
  • #11,810
  • Aug 20, 2007 10:10am Aug 20, 2007 10:10am
Quoting karmostaji
you guys are all millionaires here..

I should open a paypal account and you nice people should donate to me, $1 each LOL
No Problem...

Send it!

(I am happy to participate for your Lambourgini)

http://www.forexfactory.com/images/icons/icon6.gif
  • #11,811
  • Aug 20, 2007 10:12am Aug 20, 2007 10:12am
Quoting auslanco
Hmmmm... after 2619 Pips last week.. My account only went up by 21%.

now you're just trying to rouse angler and wwwin, aren't you?
  • #11,812
  • Aug 20, 2007 10:12am Aug 20, 2007 10:12am
Quoting kuroro001
Trading 146 dollars and 1 millions is different
So true, last week I went with the flow. Shorted all the Yens on Monday morning ($5000.00), on wednesday, right before I flew out to London, my account was valued over $11,000 and when I turned on my computer Thrusday afternoon, I was blown away, my acocunt was valued at over $63,000 when I closed all the positions. I had a feeling that the Fed was going to screw with nature and try to reverse it's course. Thank God I did, becuase, Friday is when the Fed intervined and the stock market was in the positive again.

How long will they keep this up, I don't know but something has to give.
Humble Lifetime Member
  • #11,813
  • Aug 20, 2007 10:13am Aug 20, 2007 10:13am
Quoting auslanco
Hmmmm... after 2619 Pips last week.. My account only went up by 21%.
I couldn't count how many pips last week, when I did, they were over 14000.
Humble Lifetime Member
  • #11,814
  • Aug 20, 2007 10:14am Aug 20, 2007 10:14am
Quoting Ash
So true, last week I went with the flow. Shorted all the Yens on Monday morning ($5000.00), on wednesday, right before I flew out to London, my account was valued over $11,000 and when I turned on my computer Thrusday afternoon, I was blown away, my acocunt was valued at over $63,000 when I closed all the positions. I had a feeling that the Fed was going to screw with nature and try to reverse it's course. Thank God I did, becuase, Friday is when the Fed intervined and the stock market was in the positive again.

How long will they keep this up, I don't know but something has to give.
you owe me 10K and auslanco 10K

now pay up buddy LOL
Trade what you see, not what you think.
  • #11,815
  • Aug 20, 2007 10:17am Aug 20, 2007 10:17am
Quoting karmostaji
you owe me 10K and auslanco 10K

now pay up buddy LOL

No problem Bother, Just send me the details.
Humble Lifetime Member
  • #11,816
  • Aug 20, 2007 10:17am Aug 20, 2007 10:17am
Quoting ffkly
Aus, when the QQE on 15 min chart corresed up, how did you know that was not a good entry price? I entered and lost 100 pips

My MT4 also showed an upcross on M15 but Vttrader didn't. ı guess I will stick to them both for confirmation Also at that time when I have seen the M15 cross on MT4 I looked for a change in momentum and M30 and M5 QQE for confirmation.... Since they were not indicating a long I also stayed out of the market
  • #11,817
  • Aug 20, 2007 10:19am Aug 20, 2007 10:19am
Quoting auslanco
This down trend could go down to 226.38 area.. start of the 04.00 EST (VT)4hr bar before it turns up or down again. but if you are planning to go short be carefull..there is no confirmation of a downfall from my strategy.
I see nothing to really conferm a trade either way as of the typing of this post. (kevin covers hind side) 30 min sowes one thing 1hr another 4hr yet another and nothing solid.

I think I will be happy with my 45 pip scalp and go to bed. Hmmm almost sound like I am catching on huh.

See ya all in about 6 hours.
  • #11,818
  • Aug 20, 2007 10:22am Aug 20, 2007 10:22am
Quoting karmostaji
you owe me 10K and auslanco 10K

now pay up buddy LOL
plz be kind
1k from each of you
plz........lol
  • #11,819
  • Aug 20, 2007 10:22am Aug 20, 2007 10:22am
Quoting brok
My MT4 also showed an upcross on M15 but Vttrader didn't. ı guess I will stick to them both for confirmation Also at that time when I have seen the M15 cross on MT4 I looked for a change in momentum and M30 and M5 QQE for confirmation.... Since they were not indicating a long I also stayed out of the market
they both corrresed up on my chart at that time, but on MT4, it corresed up then uncorresed, mt4 dose that all the time, so I think mt4 looks better with less inersectons, but acturally not.
  • #11,820
  • Aug 20, 2007 10:23am Aug 20, 2007 10:23am
Quoting Ash
Brother, what I would do (I am not recommending that you do this becuase anything can happen and I cannot take responsibility for anyone except for my own trades). If I didn't want to close my positions (which I would) I would buy into a different currency with whatever I have left over (only the ones that I know) and keep a low pip profit margin and build up my cash reserves until your positions clear. Otherwise, judging by what you have, had you only one position open (say -509 pips) you could possibly recover and and possibly hold out but since you have a hedge open but with huge gaps, you are bound to loose out on one of them.

The choice is yours. I know how hard it is to loose but sometimes we have to cut our losses, learn from our mistakes and move on. It may seem hard but with hard work, determination and hope, it can be done. I was down to $146.00 on my account a few months ago. I didn't give up. In about six weeks, my account went up from $146.00 to over $2100.00.

Good Luck!
Hey Ash,

I love these turn-around stories. It keeps hope alive.

Just curious.... Are you up $2100 or $63,000???

P.O.P.
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