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

  • #33,121
  • Sep 27, 2007 2:24am Sep 27, 2007 2:24am
Quoting ssotiro
If your broker, does not have it as DJI, try opening a demo account with North Finance. They have it. Hope it helps
Manny thanks bro. I'll try it. Good trades
  • #33,122
  • Sep 27, 2007 2:24am Sep 27, 2007 2:24am
Since I join FF, I read about new trader got busted by following karmostaji trade every week or so.......

For all new trader, please remember, you are not alone. even Lawrence Livermore, the famous New York trader, got broke vanishing his millions in 1907 following Percy Thomas "the great insider" view on market.....

If you follow others call with no basis of your own, you are doomed for failure
----------------------------------------

Thing to consider is , since this is auslanco stratery thread? why we have conflicting strategy calls ...... . opposing view within same strategy? i doubt.
  • #33,123
  • Sep 27, 2007 2:24am Sep 27, 2007 2:24am
[quote=auslanco;1614504]Very true bro.. Thts why I never trade on trend lines. Trend lines are just another Line on the chart(thats my opinion). I never went short.. This is the beauty of waiting for confirmations. by the way I'm not long either.. Again waiting for London confirmation to make my poor 100 pips a day.[/quote

Mr Auslanco:
Are you already long?
  • #33,124
  • Sep 27, 2007 2:25am Sep 27, 2007 2:25am
Quoting auslanco
It all looks good on a excel sheet bro. But for you to make 10 pips per trade where do you place your SL.?? It's easier to make one 100pip trade a week than 10pips a day
Aus, i know, it looks good on paper, but if we stick to ur system and pivots, i am sure we can make more then 10 pips a day, i guess g/jpy is not the pair to trade this method, unless we are having a capital of 5000 $ and risking 10% of it to make those 10 pips and quit, but i am going to try this myself and will be posting this , i want to know a good broker who will not Scr@#$ me if i am doing this consistently for one year, if anyone who has more then 1 yr experiece with a good broker, let me know, apart from MBT
  • #33,125
  • Sep 27, 2007 2:25am Sep 27, 2007 2:25am
You hit the nail on the head!

What you said is so very true, I have myself experienced that fact not too long ago and blew up one 500$ account!

Shake-hands!


Quoting Radarnett
With Aus's strategy I can see what he means about the 100 pips per week versus the 10 per day. The problem is if you only start with $500 account you can't have athe necessary 60 PIP stop loss.
  • #33,126
  • Sep 27, 2007 2:28am Sep 27, 2007 2:28am
Quoting imransait
Aus, i know, it looks good on paper, but if we stick to ur system and pivots, i am sure we can make more then 10 pips a day, i guess g/jpy is not the pair to trade this method, unless we are having a capital of 5000 $ and risking 10% of it to make those 10 pips and quit, but i am going to try this myself and will be posting this , i want to know a good broker who will not Scr@#$ me if i am doing this consistently for one year, if anyone who has more then 1 yr experiece with a good broker, let me know, apart from MBT
Hey buddy,

Why do you say a broker aside from MBT?? I am considering going live with them very soon?

Thx
"Quitting while you are ahead is not the same as quitting".
  • #33,127
  • Sep 27, 2007 2:28am Sep 27, 2007 2:28am
Quoting apume
With due respect to you, I think that 100 pips a day is a far fetched thing for noobs, getting a few pips itself becomes an ordeal for some!

So for simplicity, I think that 10 pips a day is a good goal for starters and certainly - they can build it up as time goes ... by following the stalwarts like yourself

Thanks for all your advice.
-A.

I said one 100pip trade PER WEEK. of cause this 10 pips a day sounds and looks good on the paper. But it's not practical. 10 pips a day will make you a millionaire in 3 years. But so far no one ever made a million with just 10pips a day. because it's not practical. Please try this and give us a feed back after 6 months. You will be lucky if you have any money left in your account after that 6 months.
  • #33,128
  • Sep 27, 2007 2:28am Sep 27, 2007 2:28am
Quoting yezbick
what is the current london pivot point? I'm showing 233.10

thank you for your help.
hi yezbick,where do u get the indicator that show different pivot point for different session? thanks
  • #33,129
  • Sep 27, 2007 2:29am Sep 27, 2007 2:29am
Quoting Syafi
Since I join FF, I read about new trader got busted by following karmostaji trade every week or so.......

For all new trader, please remember, you are not alone. even Lawrence Livermore, the famous New York trader, got broke vanishing his millions in 1907 following Percy Thomas "the great insider" view on market.....

If you follow others call with no basis of your own, you are doomed for failure
----------------------------------------

Thing to consider is , since this is auslanco stratery thread? why we have conflicting strategy calls ...... . opposing view within same strategy? i doubt.
New traders don't use sound money management, they gamble their account and think they'll become millionaires very soon.

I'm up more than 50% for the past 3 months, risking 2% per trade, so losing 100, 200, 300 pips to me is no big deal.

Money management has been mentioned a thousand times but it seems people like to learn things the hard way.
Trade what you see, not what you think.
  • #33,130
  • Sep 27, 2007 2:30am Sep 27, 2007 2:30am
Quoting Spanishfly
I dont doubt Karmo's trading abilities.. He is a good trader. But he's too out spoken, giving newbies false hope. I dont take anyones trade advise. I got my own strategy based on Aus's system. I make my own trades . Ok , back to trading now.
You a wrong my friend. (for You only)
*******************************************

Everybody here post their trades and positions. If you are confident ,that you can trade on your own, if you are following blindly you better go home and do some homework (this is for newbies only) and than come back and "INVEST your Money"

From Markam, Zoran, Hakuna, my2buoys, Karmo and specialy AUS you can learn a lot. Everybody shearing their experience and TIME. This is not a FOREX Signal Threat. (for Newbies)
  • #33,131
  • Sep 27, 2007 2:30am Sep 27, 2007 2:30am
No no no ... I aint challenging your thoughts my friend, rather I would like to hear your sermon on why you think 10 pips a day would make someone lose all his capital. From your experiences we plan to learn... please do consider this as a sincere request from a noob.

Thanks.

Quoting auslanco
I said one 100pip trade PER WEEK. of cause this 10 pips a day sounds and looks good on the paper. But it's not practical. 10 pips a day will make you a millionaire in 3 years. But so far no one ever made a million with just 10pips a day. because it's not practical. Please try this and give us a feed back after 6 months. You will be lucky if you have any money left in your account after that 6 months.
  • #33,132
  • Sep 27, 2007 2:30am Sep 27, 2007 2:30am
Quoting auslanco
I said one 100pip trade PER WEEK. of cause this 10 pips a day sounds and looks good on the paper. But it's not practical. 10 pips a day will make you a millionaire in 3 years. But so far no one ever made a million with just 10pips a day. because it's not practical. Please try this and give us a feed back after 6 months. You will be lucky if you have any money left in your account after that 6 months.
I will surely keep updating it every day, AUS, will have it on my signature so all can follow it, i will be using the 1min strategy on g/jpy what i am developing, just fine tuning it, will shortly start a thread for this as well, will need all u seniors guidance and inputs for me to succeed, rest is in Gods hand and what i see on charts
  • #33,133
  • Sep 27, 2007 2:31am Sep 27, 2007 2:31am
Quoting pedaso07
ME TOO.
I am showing 233.13 for the London Pivot I guess that is close enough.
"Quitting while you are ahead is not the same as quitting".
  • #33,134
  • Sep 27, 2007 2:32am Sep 27, 2007 2:32am
Quoting fxking
hi yezbick,where do u get the indicator that show different pivot point for different session? thanks
I've been doing manual adjustments on the attached indicator. Adjusting the time to the start of the current open. Current open is 7 gmt.
Attached File(s)
File Type: ex4 Pivot Points.ex4   9 KB | 330 downloads
File Type: mq4 Pivot Points.mq4   10 KB | 339 downloads
  • #33,135
  • Sep 27, 2007 2:34am Sep 27, 2007 2:34am
Quoting Radarnett
With Aus's strategy I can see what he means about the 100 pips per week versus the 10 per day. The problem is if you only start with $500 account you can't have athe necessary 60 PIP stop loss.
Open an Oanda account. Trade 2500 units, that will give you 21 cent pips, so a 60 pip stop loss will equal 2.5% of a 500 dollar account.
  • #33,136
  • Sep 27, 2007 2:35am Sep 27, 2007 2:35am
Quoting Radarnett
With Aus's strategy I can see what he means about the 100 pips per week versus the 10 per day. The problem is if you only start with $500 account you can't have athe necessary 60 PIP stop loss.
First of all you are not suppose to trade with a $500 account unless you trade one micro mini lot. That itself is a bad start. For one mini lot you should have an account balance of at least $2500.
  • #33,137
  • Sep 27, 2007 2:39am Sep 27, 2007 2:39am
Quoting auslanco
First of all you are not suppose to trade with a $500 account unless you trade one micro mini lot. That itself is a bad start. For one mini lot you should have an account balance of at least $2500.
since its going to be an experiment, i dont want to risk more then 500$, if i can achive the 10-15 pip return consistently for 3 months using the 1min scalping strategy for g/jpy , then i would feel that its worth to continue this, if not, the max i loose is 500$ .
I do have my live a/c in MBT apart from what i intend to start this experiment
I am thinking of opening another additional a/c with MBT as i love the spreads there
  • #33,138
  • Sep 27, 2007 2:40am Sep 27, 2007 2:40am
Quoting auslanco
First of all you are not suppose to trade with a $500 account unless you trade one micro mini lot. That itself is a bad start. For one mini lot you should have an account balance of at least $2500.
With lot of luck,

market crash,

Aus+KArmo+ Vegas MM

Investing $500 ,you can increase your account to $5000 in only 2 Weeks.

********************************************************

I can send you proof
  • #33,139
  • Sep 27, 2007 2:41am Sep 27, 2007 2:41am
Quoting Piters
With lot of luck,

market crash,

Aus+KArmo+ Vegas MM

Investing $500 ,you can increase your account to $5000 in only 2 Weeks.

********************************************************

I can send you proof
Well, i would rather depend on my charts then on luck, luck has no place in trading, it may come once in a blue moon
  • #33,140
  • Sep 27, 2007 2:41am Sep 27, 2007 2:41am
Quoting lawrh
Open an Oanda account. Trade 2500 units, that will give you 21 cent pips, so a 60 pip stop loss will equal 2.5% of a 500 dollar account.
awsome.. this sounds very practical and very safe for a $500 account. One 100 pip trade per week and take the rest of the week off
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