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

  • #31,801
  • Sep 25, 2007 8:06am Sep 25, 2007 8:06am
Quoting Goozman
I haven't read the entire thread, only your strategy. I like it a lot, and even more when I see you have sound money management behind all your trades.

You're making a lot of pips regularly, do you also trade large lot amounts?

I Usually dont like to brag about my lot sizes. since you asked, currently my smallest lots size is 200K and my largest lot size is 1200k.
  • #31,802
  • Sep 25, 2007 8:07am Sep 25, 2007 8:07am
out of my shorts
will wait for nxt signal
i see a possible 15min reversal
  • #31,803
  • Sep 25, 2007 8:08am Sep 25, 2007 8:08am
Quoting Hakuna Matata
out of my shorts
will wait for nxt signal
i see a possible 15min reversal
Hiding eyes!!!!!!
  • #31,804
  • Sep 25, 2007 8:08am Sep 25, 2007 8:08am
USD National Home Price Index http://www.forexfactory.com/images/m...act_medium.gif 198.4

down from 199.2
  • #31,805
  • Sep 25, 2007 8:09am Sep 25, 2007 8:09am
Quoting auslanco
I Usually dont like to brag about my lot sizes. since you asked, currently my smallest lots size is 200K and my largest lot size is 1200k.
Lol..i do this on a 1 million demo a/c , max trade possible on Metatrader is 1000 Lots
  • #31,806
  • Sep 25, 2007 8:09am Sep 25, 2007 8:09am
Quoting auslanco
I Usually dont like to brag about my lot sizes. since you asked, currently my smallest lots size is 200K and my largest lot size is 1200k.
You have earned bragging rights Aus
  • #31,807
  • Sep 25, 2007 8:10am Sep 25, 2007 8:10am
closed my short at 229.90 +185 pips
  • #31,808
  • Sep 25, 2007 8:11am Sep 25, 2007 8:11am
Quoting PipChick
Hiding eyes!!!!!!

u seeing the same chicks?
  • #31,809
  • Sep 25, 2007 8:13am Sep 25, 2007 8:13am
Quoting imransait
Lol..i do this on a 1 million demo a/c , max trade possible on Metatrader is 1000 Lots
oh no.. I was meant to say $200K per lot/trade to $1200K per lot/trade... I'm not that big bro still a small fish..I dont think I will ever reach that level
  • #31,810
  • Sep 25, 2007 8:14am Sep 25, 2007 8:14am
Quoting winterwhite
USD National Home Price Index http://www.forexfactory.com/images/m...act_medium.gif 198.4

199.2
Which means that house prices in those 20 markets are still almost twice what they were in 2000.

House prices still have a long, long, LONG way to fall before this mess ends. I will start looking for a bottom when that index is below 100.
  • #31,811
  • Sep 25, 2007 8:14am Sep 25, 2007 8:14am
Quoting PipChick
You have earned bragging rights Aus
It's not about bragging. PipChick covered my point perfectly
  • #31,812
  • Sep 25, 2007 8:14am Sep 25, 2007 8:14am
A convincing break and close below 229.45 will be good for shorts

Levels to watch below that are: 228.80, 228.30, 227.50, and 226.85

Lots of support..
Trade what you see, not what you think.
  • #31,813
  • Sep 25, 2007 8:19am Sep 25, 2007 8:19am
Quoting markam
Which means that house prices in those 20 markets are still almost twice what they were in 2000.

House prices still have a long, long, LONG way to fall before this mess ends. I will start looking for a bottom when that index is below 100.
Yep.. I've been saving to buy a house.. stupid prices in my area are overvalued by 65% lol. I'm sitting still till I see a really good correction in prices.
  • #31,814
  • Sep 25, 2007 8:19am Sep 25, 2007 8:19am
I do see a small reversal but 231.80 area break will send it way down in my opoinion. Picking an entry right now is difficult.
  • #31,815
  • Sep 25, 2007 8:20am Sep 25, 2007 8:20am
25 September at 14:00 GMT

buy (EUR/USD, GBP/USD, GBP/JPY) if (Existing Home Sales < 5.2 M)
or
sell (EUR/USD, GBP/USD, GBP/JPY) if (Existing Home Sales > 5.8 M)
  • #31,816
  • Sep 25, 2007 8:22am Sep 25, 2007 8:22am
Those who want to trade this news , I will re- post Felix's analysis for GU:

Tuesday, September 25th, 2007 (10:00 a.m. New York Time) USA
At 10.00 a.m. we will have U.S. Existing Home Sales and U.S. Consumer Confidence coming out. Home sales is pretty much number 1 topic right now, and I believe Existing home sales is going to be more important than the consumer confidence; however, the consumer confidence has to be in tune with home sales. If it is conflicting too much, that would be a little messy trade. Existing Home Sales are expected to come out at 5.5 M. If they come out at 5.8 M or higher, that would actually be a significant rebound, better reading than the last two months, and I think based on that GBP/USD may possibly go down by 40 pips or more in the first hour of the report. On the other hand, if the home sales disappoints, and reads 5.2 million, that would actually be a quite big jump down from 5.75 million last month, and a reading of 5.2 million or lower would probably drive GBP/USD up by 40 pips or more in the first hour of the report. Again, if U.S. consumer confidence conflicts, and that there is some really important price levels, the move may be a little bit choppy, however, if they don't conflict, there is a pretty good chance to hit my price projections.

SUMMARY:
* Report: U.S. Existing Home Sales
* Sell on GBP/USD if the number will be 5.8 M or higher.
* Buy on GBP/USD if the number will be 5.2 M or lower.
* If the trigger is hit, expect 40 pips or more in the first hour of the report.
  • #31,817
  • Sep 25, 2007 8:22am Sep 25, 2007 8:22am
Quoting auslanco
oh no.. I was meant to say $200K per lot/trade to $1200K per lot/trade... I'm not that big bro still a small fish..I dont think I will ever reach that level
you are really down to earth and a very helping Bloke, May u get all that you wish for and god bless ,
  • #31,818
  • Edited 8:57am Sep 25, 2007 8:22am | Edited 8:57am
Quoting PipChick
I do see a small reversal but 231.80 area break will send it way down in my opoinion. Picking an entry right now is difficult.
Sorry, but this didn't make sense to me. Do you mean a break of 229.80 will send it down?

M2B
  • #31,819
  • Sep 25, 2007 8:25am Sep 25, 2007 8:25am
Quoting markam
Which means that house prices in those 20 markets are still almost twice what they were in 2000.

House prices still have a long, long, LONG way to fall before this mess ends. I will start looking for a bottom when that index is below 100.

markham:

you may wish to read Newstrader's observations and followup
commentary here regarding this result on the GBP/JPY.
  • #31,820
  • Sep 25, 2007 8:26am Sep 25, 2007 8:26am
[quote=auslanco;1610522]Those who want to trade this news , I will re- post Felix's analysis for GU:

Aus-- u use the SNW?
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