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

  • #19,661
  • Aug 31, 2007 4:06am Aug 31, 2007 4:06am
Quoting waf_1988
Hey, where's aus?! No post from him lately...

I like to read his thought...
man's too busy counting his dollars from all the pips he makes
  • #19,662
  • Aug 31, 2007 4:06am Aug 31, 2007 4:06am
AUS ...were are u....baby...

i got some scoopy snacks......
  • #19,663
  • Aug 31, 2007 4:11am Aug 31, 2007 4:11am
Quoting karmostaji
my SL was in the profit, but I didn't want to lose them when I knew it will come down, so I just closed it

Looking to enter again, will know in 2 mins
No problem with locking in profit. But when I trebled my account this year up until July 17th, I was always 250 pips behind the price. I probably only traded 2/3 times per month. My account grew fast and I was always in a good position. Now you have reentered you've lost your position

It puts alot of undue pressure on trading I find when you see the price drop 100pips and panic sell then you lose your position, however my theory only applies trully once a new trend is set. I'm now positioning myself for a long trade with stop left at 231.50. I personally think these rapid moves are over and August will be looked back as the month when the bulls and bears had a major tussle.

I will of course use the daily fibs as my No1 chart for retracements.
  • #19,664
  • Aug 31, 2007 4:18am Aug 31, 2007 4:18am
Quoting rumbey
No problem with locking in profit. But when I trebled my account this year up until July 17th, I was always 250 pips behind the price. I probably only traded 2/3 times per month. My account grew fast and I was always in a good position. Now you have reentered you've lost your position

It puts alot of undue pressure on trading I find when you see the price drop 100pips and panic sell then you lose your position, however my theory only applies trully once a new trend is set. I'm now positioning myself for a long trade with stop left at 231.50. I personally think these rapid moves are over and August will be looked back as the month when the bulls and bears had a major tussle.

I will of course use the daily fibs as my No1 chart for retracements.
You've been saying that I am going to blow up my account and whatnot, but remember my name is not 'rumbey', anyways back to trading
Trade what you see, not what you think.
  • #19,665
  • Aug 31, 2007 4:19am Aug 31, 2007 4:19am
Quoting karmostaji
You've been saying that I am going to blow up my account and whatnot, but remember my name is not 'rumbey', anyways back to trading
karmo, what position do you have?
Hello World
  • #19,666
  • Aug 31, 2007 4:21am Aug 31, 2007 4:21am
Quoting karmostaji
You've been saying that I am going to blow up my account and whatnot, but remember my name is not 'rumbey', anyways back to trading
Karmo..I thought you had gone for your Friday prayers already....
  • #19,667
  • Aug 31, 2007 4:21am Aug 31, 2007 4:21am
Quoting waf_1988
karmo, what position do you have?

I believe, he said he went long..!

~G.
  • #19,668
  • Aug 31, 2007 4:22am Aug 31, 2007 4:22am
Quoting xlr8
Karmo..I thought you had gone for your Friday prayers already....
I did, I was late a bit though so that's why prayers finished quick
Trade what you see, not what you think.
  • #19,669
  • Aug 31, 2007 4:24am Aug 31, 2007 4:24am
Quoting karmostaji
I love seeing pin-bars on GJ and GU

I might get back on the long train again
Hi All
I’m like the thread, and my a rainbow vomited stochastic make more room to go up
  • #19,670
  • Aug 31, 2007 4:26am Aug 31, 2007 4:26am
Yeah...The chart TF 1H, 30min, 15min all with momentum pointing up, stochastic start to cross over...
Hello World
  • #19,671
  • Aug 31, 2007 4:27am Aug 31, 2007 4:27am
Stanru

You have got to stop man...you are killing me with your rainbow brite charts.
  • #19,672
  • Aug 31, 2007 4:31am Aug 31, 2007 4:31am
Well, we got a 30 min bar to close past the resistance. Let's see if the hourly can do it as well.
  • #19,673
  • Aug 31, 2007 4:32am Aug 31, 2007 4:32am
I tried the scalping system for MT4 based on Aus's system....got 4 signals so far...2 longs/ 2 shorts. So far the results have been good. 3 out of 4 were good.Made more than 30 pips for each trade. I didnt do one short trade thus the reason for the 3 out of 4 successful trades.

Now Im still learning the system. But for references I've attached it here....bear in mind that this is the 1st version

BTW I got this from another thread. We should thank Brucie...
Attached File(s)
File Type: mq4 MT4-LevelStop-Reverse.mq4   11 KB | 467 downloads
  • #19,674
  • Aug 31, 2007 4:34am Aug 31, 2007 4:34am
Quoting Azili
Stanru

You have got to stop man...you are killing me with your rainbow brite charts.
They are very valuable Tool and pips makes
  • #19,675
  • Aug 31, 2007 4:35am Aug 31, 2007 4:35am
Quoting karmostaji
You've been saying that I am going to blow up my account and whatnot, but remember my name is not 'rumbey', anyways back to trading
All I am trying to say is trading from a distance and preserving your position is so much easier and less stressful. I've learnt from you Karmo about MM and this is now in place.. thanks

From my experience you should do very well as you trade like I did so I know this method works but MM is the key as you said :-)

Best regards
Dave
  • #19,676
  • Aug 31, 2007 4:35am Aug 31, 2007 4:35am
AHA... Closed my position for 100pips @ 234.86...

I will look for a better price for another long entry
Hello World
  • #19,677
  • Aug 31, 2007 4:37am Aug 31, 2007 4:37am
Quoting xlr8
I tried the scalping system for MT4 based on Aus's system....got 4 signals so far...2 longs/ 2 shorts. So far the results have been good. 3 out of 4 were good.Made more than 30 pips for each trade. I didnt do one short trade thus the reason for the 3 out of 4 successful trades.

Now Im still learning the system. But for references I've attached it here....bear in mind that this is the 1st version

BTW I got this from another thread. We should thank Brucie...
Do you have post number where I can study up on system and try it out.
Trade what you see, not what you think.
  • #19,678
  • Aug 31, 2007 4:39am Aug 31, 2007 4:39am
patience pays off
  • #19,679
  • Aug 31, 2007 4:41am Aug 31, 2007 4:41am
Quoting Hakuna Matata
patience pays off
+ve GBP news also helps.. come on.. break 235 already
  • #19,680
  • Aug 31, 2007 4:41am Aug 31, 2007 4:41am
Quoting maestr2
Do you have post number where I can study up on system and try it out.
Sorry dude, I dont remember, my mistake was I did not record it down. I used it in the 5min timeframe and it worked fine...I find it quite straight forward to use. Give it a go....it might be much easier to learn once who get it in your charts.....
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