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

  • #33,721
  • Sep 27, 2007 9:35pm Sep 27, 2007 9:35pm
Quoting Shocker2

We are also using a 500:1 leverage as well. I am well on the postive side so far for making money. I am using a lot bigger lot sizes this wk. So my account should really grow now.
500:!? Ouch! Be careful bro..
  • #33,722
  • Sep 27, 2007 9:36pm Sep 27, 2007 9:36pm
Quoting Shocker2
I have been messing around with it some, but my start is diffrent and these indicators iam using r custom for mt4.

I still have a very good book to finish reading on channels and so forth to help with my trading.

We are also using a 500:1 leverage as well. I am well on the postive side so far for making money. I am using a lot bigger lot sizes this wk. So my account should really grow now.
or blow up within minutes.
Trade what you see, not what you think.
  • #33,723
  • Sep 27, 2007 9:36pm Sep 27, 2007 9:36pm
Quoting Shocker2
I have been messing around with it some, but my start is diffrent and these indicators iam using r custom for mt4.

I still have a very good book to finish reading on channels and so forth to help with my trading.

We are also using a 500:1 leverage as well. I am well on the postive side so far for making money. I am using a lot bigger lot sizes this wk. So my account should really grow now.

kindly switch to 1:100 or better still 1:50

1:500 will blow your account faster because per pip is the same, but quantity traded increases.
  • #33,724
  • Sep 27, 2007 9:37pm Sep 27, 2007 9:37pm
Quote
We are also using a 500:1 leverage as well. I am well on the postive side so far for making money. I am using a lot bigger lot sizes this wk. So my account should really grow now.

Or wipe out even faster than it previously would.....Good Luck
  • #33,725
  • Sep 27, 2007 9:37pm Sep 27, 2007 9:37pm
Quoting Hakuna Matata
so are u in any positions??
yes, on 2 yin pairs... i missed the gbpjpy trade... SOon adding to the gbpusd and hopfully soem more... looking for a good postion.
Life is a game, play it well, their is no restart!
  • #33,726
  • Sep 27, 2007 9:38pm Sep 27, 2007 9:38pm
Quoting Cardiac
i wish i did not need sleep
yehhh.. this is a big dis-advantage for you guys. May be you should to move to cold London or sunny Australia
  • #33,727
  • Sep 27, 2007 9:40pm Sep 27, 2007 9:40pm
I think it's ok to use 500:1 as long as the true leverage is not more than 20:1.
  • #33,728
  • Sep 27, 2007 9:41pm Sep 27, 2007 9:41pm
Quoting forexlion
kindly switch to 1:100 or better still 1:50

1:500 will blow your account faster because per pip is the same, but quantity traded increases.
it aint matter even 1000:1 leverage from your broker as long as you dont use it. If you are trading 1mini lot for every $1000 thats 1:10 leverage. Or 1mini lot for every $2500 that 1:4 leverage.
  • #33,729
  • Sep 27, 2007 9:41pm Sep 27, 2007 9:41pm
Quoting auslanco
yehhh.. this is a big dis-advantage for you guys. May be you should to move to cold London or sunny Australia
Yehh or become a full time trader and trade when market is moving....London etc...
{Spam Removed}
  • #33,730
  • Sep 27, 2007 9:44pm Sep 27, 2007 9:44pm
Quoting Saintjay
Yehh or become a full time trader and trade when market is moving....London etc...
yehh but it's hard when you have to wake up middle of the night and sleep during the day.
  • #33,731
  • Sep 27, 2007 9:44pm Sep 27, 2007 9:44pm
Quoting karmostaji
or blow up within minutes.
Yes everyone thinks I am crazy when I tell them that... But how we trade is very safe... Now I get dumb and like to scalp. The way i am learning does not teach me how to scalp, so i am teaching myself... I blew my account up once in the first month or so of trading... Still learning alot back then.

Leverage is the key to making alot or losing alot.
Life is a game, play it well, their is no restart!
  • #33,732
  • Sep 27, 2007 9:45pm Sep 27, 2007 9:45pm
Karmo why the target 231.60?
  • #33,733
  • Sep 27, 2007 9:47pm Sep 27, 2007 9:47pm
Quoting Shocker2
Yes everyone thinks I am crazy when I tell them that... But how we trade is very safe... Now I get dumb and like to scalp. The way i am learning does not teach me how to scalp, so i am teaching myself... I blew my account up once in the first month or so of trading... Still learning alot back then.

Leverage is the key to making alot or losing alot.
You only blew out 1 account bro.. I blew out 4 accounts before learning my lesson.
  • #33,734
  • Sep 27, 2007 9:47pm Sep 27, 2007 9:47pm
Quoting auslanco
yehhh.. this is a big dis-advantage for you guys. May be you should to move to cold London or sunny Australia
Yeah .. I would totally agree. Normally, on early year I go back vacation visiting my family in Indonesia (your neighbor). It is so nice regarding the trading time, trade London session and almost never NY's. This early year, I did trade and had only a few loses and most of my trade ended profit, portfolio increased a lot
  • #33,735
  • Sep 27, 2007 9:47pm Sep 27, 2007 9:47pm
Aus
Took this long on the 1 min method, hows it looking , did u get to check the method
Attached Image (click to enlarge)
Click to Enlarge Name: scalp.gif Size: 14 KB
  • #33,736
  • Sep 27, 2007 9:48pm Sep 27, 2007 9:48pm
who uses 1:10000 Leverage.
  • #33,737
  • Sep 27, 2007 9:48pm Sep 27, 2007 9:48pm
Quoting Nicotina
Karmo why the target 231.60?
Nicotina,

Why are you advertising your web site in such large letters?

M2B
  • #33,738
  • Sep 27, 2007 9:50pm Sep 27, 2007 9:50pm
Quoting karmostaji
or blow up within minutes.
Karmo
dont we all love this 231.60, a level which has been a strong resistance and support, i am with u man....short from 233.30 TP is 231.80 Sl is 234
  • #33,739
  • Sep 27, 2007 9:50pm Sep 27, 2007 9:50pm
Quoting mktjong
Yeah .. I would totally agree. Normally, on early year I go back vacation visiting my family in Indonesia (your neighbor). It is so nice regarding the trading time, trade London session and almost never NY's. This early year, I did trade and had only a few loses and most of my trade ended profit, portfolio increased a lot
yehh .. here in Perth it's the same TimeZone as in Indonisia. Now I mainly trade on Tokyo and London. It's like doing a 9-5 job
  • #33,740
  • Sep 27, 2007 9:51pm Sep 27, 2007 9:51pm
Quoting forexlion
who uses 1:10000 Leverage.
hi, which broker offers that leverage man, would love to trade once with them and see, what say guys
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