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Auslanco 15min GBP/JPY startegy 630 replies

Auslanco-GBP/JPY Strength Indicator strategy 344 replies

My MT4 indicators for Auslanco's strategy 92 replies

Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies

Questions About Auslanco's Trades 72 replies

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

Quoting mijamoto
I don't agree! This is not divergence! Take a 28;3;3 sothiastisc and momentum and histogram MACD i can't see it.
if it's not too much trouble, could you two please post your charts. I am not too familiar with how these two indicators can be interpreted and I'd love to understand.

Thanks a bunch ahead of time.

~G.
How can the price level be forecast in hrs or days.
e.g
atm gbp/jpy 237.91
How can you predict that the price will be 238.90 in 2 days or in 6 hrs?????
Note: This is a e.g
Is there a formula or indicator for?
What tools are needed to forcast this?
Thnks in advance
OK
I will post 3 different char with different setups. The entry time, trade time and exit time are totally different. That is not a call for any trade. That is just my setup, that I used to put my live trades.
GL
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It’s just emotions & money
Quoting my2buoys
OK, let's stop the witch-hunt before it gets going. No one in particular ticked off Karmo. Karmo has spent way too much time trying to help some of you who don't want to do any reading, research or homework on your own. That wears down even the best of traders over time. Why do you think you haven't seen many posts from Zoran, Hakuna and even Aus over the last 2 to 3 weeks? The reason some of you are upset over Karmo saying he needs to back off from the thread is because he was your 'genie-in-a-bottle', not because you're really concerned about him. Karmo and Markam have kept this thread running while Aus was getting some much needed rest away from the thread. And what happens? Go back and read the last 10 or so pages of the thread. How many of you kept asking Aus if he was 'still long' and 'where is your SL'. READ THE STINKIN' THREAD, WOULD YA,? Besides, the purpose of this thread is not for anyone else to tell you where to place your SL or whether or not you should exit your present trade which is down 100 pips at the moment. Read and learn. Read and learn. Read and learn. And stop asking idiotic questions. You keep it up and pretty soon there will be no senior traders on this thread to help any of you. That would be a shame because there are over 200 people viewing this thread right now, but just a handful of ding-dongs is all it takes to mess up something good. Read and learn. Read and learn. Read and learn. And stop with your pathetic, whiny, elementary posting.

M2B
HI M2B
with all your respect
i'm a newbie and u dont know(or u forgot)how u feel when u are standing before the chart many hours a day and u dont understand alot of things..
we need help..when people ask the 1KTs where to put the stop loose or are u still hold yrs or all that crap which pist u off..trust me..they dont really wanna keep asking all the time other people(becoz there some of them who replies, others who dont and others who are making fun of them)..
the bottom line is:me and newbies here are thanking u guys all for helping us..all the time
but when we ask ..that's mean we need to understand the concept because there's a lot of cases in every strategy(and that's why they called it the experience becoz the books , articles ,videos and courses area all over the place but who dare to take a course or read a couple of papers and trading without asking or without mistakes)
anyway
when people ask..they really need help..becoz the charts sometimes are horrible..and needs alot of instructions..and trust me there's people(and i'm one of them )are taking it as a learning way not a genie in the bottle way.....

thanks alot for u help and support for all the young people here..
Maybe we students should ask "how did you determine where to place your stop loss and/or take profit" rather than "where is your SL/TP." I, too, am trying to learn how to be profitable on my own, but am always grateful to glean from the experience of others.
Quoting rdrainey
Maybe we students should ask "how did you determine where to place your stop loss and/or take profit" rather than "where is your SL/TP." I, too, am trying to learn how to be profitable on my own, but am always grateful to glean from the experience of others.
most traders will tell u the sl also depends on the amnt of risk they r taking per trade for eg. 1%. for eg. if markam is risking 1% of his account his stop can be 100 pips. if u start with a small capital and large order size his 1% risk can mean 10% risk for ur account size. so just using their sl may or may not work for u. and i think lot of senior traders have repeatedly said this fact. and the issue of not wanting to make mistakes there is always demo accounts available or micro account available in which u can learn from ur mistakes and not lose much. or u can make ur own analysis and then tell everyone else on the forum what u think. if u r wrong i think there r lots of ppl which will point out ur mistake
Quoting jamesbond007700
most traders will tell u the sl also depends on the amnt of risk they r taking per trade for eg. 1%. for eg. if markam is risking 1% of his account his stop can be 100 pips. if u start with a small capital and large order size his 1% risk can mean 10% risk for ur account size. so just using their sl may or may not work for u. and i think lot of senior traders have repeatedly said this fact. and the issue of not wanting to make mistakes there is always demo accounts available or micro account available in which u can learn from ur mistakes and not lose much. or u can make ur own analysis and then tell everyone else on the forum what u think. if u r wrong i think there r lots of ppl which will point out ur mistake
Nicely said Mr Bond,

Only risk what you can afford and always think of money management...

I have some longs still open (oh please 38.2 ) but they are affordable loses

Trade lot sizes that suit and grow gradually, if you are learning to read you do not start with War & Peace....

Be caustious and learn, fine tune your setup, although choppy days like today always send things sideways

Happy trading all and just stay in yours psych and means!!!
Quoting rdrainey
Maybe we students should ask "how did you determine where to place your stop loss and/or take profit" rather than "where is your SL/TP." I, too, am trying to learn how to be profitable on my own, but am always grateful to glean from the experience of others.
that is exactly the right way to ask! but don't always expect an immediate response because the experienced traders in here who have live accounts and are trading big time lots so they have to protect theirs first and if they have time, then answer newbie questions. the problem is that alot of newbies come into this thread w/o the basic knowlege of trading. this room was started because of a new "system" for profitable trading not for new "traders". if you are new to trading this is probably not the room for you. there is elliott wave, ma's, rsi, stoch's, macd, tl's, etc. chatter going on all the time and the last thing you want to be doing as a newbie is trying to digest all that. you have got to learn the basics first or FX will eat you like Markam's Bear!

just my 2 pips
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
Quoting webdevjeff
Nicely said Mr Bond,

Only risk what you can afford and always think of money management...

I have some longs still open (oh please 38.2 ) but they are affordable loses

Trade lot sizes that suit and grow gradually, if you are learning to read you do not start with War & Peace....

Be caustious and learn, fine tune your setup, although choppy days like today always send things sideways

Happy trading all and just stay in yours psych and means!!!
r u still aiming for 238.75? is that the 38.2 u r referencing?
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
Quoting vinesh2
Any idea on who pissed off Karmo? Whoever did needs to be kicked out of this forum. Karmo is one of the best traders around and deserves a lot of respect

Karmo wasn't upset with anyone. He pointed out the cause of
his frustration. He felt that he would be better off trading
privately because, by doing so, he would be trading uninfluenced
by the views of others. Read here:

http://www.forexfactory.com/showpost...ostcount=47686


I am sure that more than one person
here echoes Karmo's thoughts.

I am equally sure that all of us are thankful to Karmo, Auslanco,
Markam, Zoran, M2B, and the other 1K'ers who have contributed
so much to our knowledge.

However, I believe that Karmo raises a good point. With so
many different/opposing opinions, confusion reigns - even for
experienced traders.

Because this is so , I would like to see Karmo, Markham,
Zoran, M2B, and the other 1k'ers each have his own
thread to explain his own personal strategy for the day. Those
who are interested will follow as they have others who
started private journals like Jacko, James, steviet etc.

What about it Zoran, Markam, M2B, Karmo and all other 1K'ers?

I promise I shall follow even as I have followed Auslanco's
journal here.
Quoting jamesbond007700
most traders will tell u the sl also depends on the amnt of risk they r taking per trade for eg. 1%. for eg. if markam is risking 1% of his account his stop can be 100 pips. if u start with a small capital and large order size his 1% risk can mean 10% risk for ur account size. so just using their sl may or may not work for u. and i think lot of senior traders have repeatedly said this fact. and the issue of not wanting to make mistakes there is always demo accounts available or micro account available in which u can learn from ur mistakes and not lose much. or u can make ur own analysis and then tell everyone else on the forum what u think. if u r wrong i think there r lots of ppl which will point out ur mistake
Good answer. I personally like to determine my stop loss BEFORE I enter a trade. For example, I determine a support/resistance area or a fibo retracement to place my stop loss just beyond, and then try to wait to enter the trade when price approaches my predetermined stop loss area. Does that make sense? That is one of the most useful things I learned from an experienced trader (but I confess I am not always patient enough to wait!).
OK, I confess. I miss Karmo. I always feel "safer" when he's here. I wish I could get to the point in trading where I could rely solely on my own understanding of the charts -- but I'm not there yet. I also know that we put too much stress on the truly talented traders. It's a conundrum that I'm not sure how to deal with. I consider myself to be a relatively intelligent person, successful business-owner, independent thinker, etc., but trading (I confess) is one of the most challenging things I have ever tried. Now I really understand why only 5% succeed!! When I look at the charts, I "see" so many possibilities, that it's confusing. The trick, I suppose, is to determine the "probabilities." That (in my most humble opinion) is what Karmo does so well. He's gifted that way, and I am not. I confess. I miss Karmo. I'll be glad when he comes back. Until then, I'll keep on keepin' on.
looks like the dow is setting up for a sell off in the last hour of trading. what do you think Markam?
Relax people
Trade what you see, not what you think.
Calculating SL's depends on loads of factors. I personally try to place them so there is a solid potential reversal point (based upon a a mixture of pivots, MA's and fib levels) in between entry and SL, and then adjust my position size so I do not lose more than 2-3% of my (modest) account on any one trade if it breaks through the 'reversal' point

Here are Auslanco's thoughts on the matter:


Quoting auslanco
On my Momentum trades I calculate 2% of my account balance and that will be my stop loss level. position size is .. I go up to 1:3 leverage per trade(1:1 per positionx3 positions at different levels). However maximum collective loss is 2% on all trades no matter how many open positions . TP target 2-4% of the account balance .


Now when you take a typical $5000 account the maximum lots you can open is 3 mini lots at different levels. Maximum SL per trade (collective of all three positions)= $100. Therfor if you have 1mini lot open you can stretch you SL up to 110 pips on this pair. For two mini lots 55pips. But If you got 3 mini lots open you can stretch your SL only upto 35pips.
last TL on 4HR TF almost broken ....if close like that ..confirmed down trend
Welcome Karmo. Nice to see a sentence from you.
Quoting karmostaji
Relax people
your fan club missed you.
Nice to have you back Sir Karmo,...
Quoting markam
your fan club missed you.
haha, I went out and enjoyed life today.. and forgot about whatever happened earlier today.

Back to normal trading, it's all about being in the right mind-set
Trade what you see, not what you think.
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