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

  • #47,881
  • Nov 5, 2007 1:44pm Nov 5, 2007 1:44pm
welcome back Karmo
  • #47,882
  • Nov 5, 2007 1:46pm Nov 5, 2007 1:46pm
Selam Karmo ... we needed pain killer instead patience pill ... we had headache and confused so much... could you say where is this beast heading ?
  • #47,883
  • Nov 5, 2007 1:48pm Nov 5, 2007 1:48pm
Quoting zenger
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..
Whenever Aus or Karmo posts that they are entering a trade, they always post what their TP and SL is at that time. Earlier this morning there were ding-dongs asking Aus if he was still in his long trade and others asking Karmo if he was still in his short trade (which is really nobody's business and shouldn't affect whether or not they themselves stay in a trade or not), and there were two or three different people asking him what his SL was, even though he had posted it one page earlier. I won't lump you in with all of the other ding-dongs because I don't know you yet, but there are a lot of newer ones who just DON'T WANT TO READ. Don't give me this garb that you don't have time to read because you're getting ready to go to work or go to sleep or whatever. If you want to do this then you better be willing to do the homework. I am not speaking down at you or any of the others in a condescending manner. Every time I log onto the thread, I go back and catch up on the pages I missed. Why can't you guys do the same thing? Do you think we ask you to do things that we don't do ourselves? Do you think Aus just comes up with his systems magically in 5 or 10 minutes time? The things he does requires hours, days, and weeks of time in testing and calculating. AND STOP THROWING OUT THIS CRUD ABOUT ME AND THE OTHER "SENIORS" FORGETTING WHAT IT'S LIKE TO BE A NEWBIE. I STILL AM A NEWBIE IN MY OWN EYES. AUS HAS WRITTEN OUT HIS SYSTEMS CLEARER THAN ANY OTHER TRADER I HAVE EVER COME ACROSS. HIS SYSTEMS EVEN TELL YOU WHERE TO PUT YOUR TP AND SL. SO STOP TELLING ME YOU HAVE TO CONSTANTLY BARRAGE HIM WITH THESE KINDS OF QUESTIONS. USE HIS SYSTEMS GUIDELINES AND PRACTICE IN YOUR DEMO ACCOUNT. I'M NOT STUPID. I KNOW WHAT YOU'RE DOING. YOU WANT TO KNOW WHERE HIS SL AND TP IS BECAUSE YOU'RE TRADING REAL MONEY WHEN YOU SHOULD STILL BE PRACTICING. THAT'S YOUR PROBLEM, NOT AUS'S. (I guess I got a little carried away there with the screaming). How many times, even earlier today, has someone posted that they're in a trade and it's gone negative and they want to know if they should get out or not. Why would you get in a trade if you weren't sure of your approximate SL area as well as your TP area? That's what SLs and TPs are for. The best way for most newer ones to learn is through a demo account. If you're trading a demo account then you don't need to ask TP and SL questions. Learn through trial and error what works best for you. If you're trading a real account then the best way to learn is by losing money. No one in this thread can teach you where to put your SL and TP better than a losing trade. So cut the nonsense, grow up and follow the path all of the other traders in this thread did. Believe me, there is no shortcut to becoming a successful trader.

M2B
  • #47,884
  • Nov 5, 2007 1:48pm Nov 5, 2007 1:48pm
Quoting karmostaji
Relax people
Humble Lifetime Member
  • #47,885
  • Nov 5, 2007 1:51pm Nov 5, 2007 1:51pm
Quoting karmostaji
Relax people
what the heck did u do to these people karm? i think those bird eyes on your shoulder has mesmerized a few in here.
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #47,886
  • Nov 5, 2007 1:51pm Nov 5, 2007 1:51pm
Quoting battuta
Selam Karmo ... we needed pain killer instead patience pill ... we had headache and confused so much... could you say where is this beast heading ?

Dude, take a shot @ it, where do you think it is headed? It doesn't matter if you get it wrong, take a shot @ it. That is the first step in becoming a successful trader.
Humble Lifetime Member
  • #47,887
  • Nov 5, 2007 1:52pm Nov 5, 2007 1:52pm
Ok, let's not clutter the thread and relax people, I'm not going anywhere. I'm a newbie just like the majority and I'm here to learn otherwise I wouldn't be here if I was perfect.

Trading:

From the last big bull-run on the daily chart, 4H QQE touched overbought level and then crossed back downward and it is currently on the 50 line, so there is a possibility of 4H QQE crossing back upwards from here and if it does then we are going to see new highs, possibly 244-247 area. But remember news recently has been very bad so you've got to be careful.

Right now, 1H QQE has crossed upwards and we touched the 38.2% fibo, 238.28 is the weekly R1, we could range in between these levels until London maybe.
Trade what you see, not what you think.
  • #47,888
  • Nov 5, 2007 1:56pm Nov 5, 2007 1:56pm
Quoting moneymagnet
r u still aiming for 238.75? is that the 38.2 u r referencing?
Still aiming for it, on my charts it is 238.64 but I suppose that will differ according to chart hours GMT diff...

May have to site and cry a tad....

But again if you cannot risk it do not trade it!!!

I had my first short for over a month and it more than compensates, I will sit tight now evaluate and see if I need to take a bit of a hit, determined by the trend or whether to keep them open....
  • #47,889
  • Nov 5, 2007 1:59pm Nov 5, 2007 1:59pm
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?

[/quote]

Aus has already set up a thread where many of us post our weekly analysis before the new week begins. The thread is in his signature. Maestro2 also just set up a gorgeous new website for Aus, also in his signature. This site has pages dedicated to Hakuna's and Karmo's specific trade strategies. What more do you need? Many of you (I'm not singling you out WW because I don't know if you read or not) don't read what's available to you now. What good would it do to start 6 more different threads? It would just open up a bigger playing field for more of the whiners to spout. Aus's threads are the only ones I plan on posting in. I don't have time to jump around from room to room.

M2B
  • #47,890
  • Nov 5, 2007 2:00pm Nov 5, 2007 2:00pm
Quoting markam
your fan club missed you.
  • #47,891
  • Nov 5, 2007 2:01pm Nov 5, 2007 2:01pm
1 solution: Only senior members/chosen one could post ?

Positive side effects :

  1. Alot of garbage would be lurked out
  2. Less work for the pro traders (not the same questions all over again)
  3. Would higher the quality of this thread because we got some really skilled and experienced ppl in here who shouldn't waste time on telling newbs where to read etc etc.

Negative side effects:

  1. Might be that we miss some "diamonds in the dirt"

I'm sure there are more negative side effects but in the long run positive side effects should wight more than negative

This has probably been sayed 100 times before but I'll spit it out again:
Learning forex takes alot of time (It have taken me 1 year(!) to learn how to make small constant profits like 80-150$ a week!!) and even Auslanco sayed that he used 8 months before he could make constant 100$ a week ! So in other words you will most likely lose ur money no matter what the first time because when u lose money u really want to find out what you did wrong, and THEN you'll make the best research...and learn what NOT to do again.For me it was the only way to develop a good money management setup.

I don't believe any1 can make profits from day 1.

That's why some of u should start at page 1 and read ALL that you can on this thread because there is truly some hidden gold in this thread 100000 posts.

No1 ever said learning a new profession would be easy

My 1 mini micro tiny lot

Measure twice, cut once
  • #47,892
  • Nov 5, 2007 2:01pm Nov 5, 2007 2:01pm
Quoting moneymagnet
what the heck did u do to these people karm? i think those bird eyes on your shoulder has mesmerized a few in here.
It seems everyone is addicted to the patience drugs
Trade what you see, not what you think.
  • #47,893
  • Nov 5, 2007 2:04pm Nov 5, 2007 2:04pm
Here is some Fibo, we had a retrace down to 38.2, but we are stuck below the 23.6 for now. IMO we are not going to get a major bull move up until we retrace the magic 50% number which is around 236, also a confluence of 200sma there on the 4hr chart. But first we have to have a close below this 50ema which is around 237.50

Also, notice how the 5sma and 23.6 fibo level have a confluence forming resistance at the 23.6 level which is around 238.75.

Patience...
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  • #47,894
  • Nov 5, 2007 2:08pm Nov 5, 2007 2:08pm
Bracing for Citi’s Next Surprise

http://dealbook.blogs.nytimes.com/20...next-surprise/
  • #47,895
  • Nov 5, 2007 2:09pm Nov 5, 2007 2:09pm
Quoting my2buoys
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?
Aus has already set up a thread where many of us post our weekly analysis before the new week begins. The thread is in his signature. Maestro2 also just set up a gorgeous new website for Aus, also in his signature. This site has pages dedicated to Hakuna's and Karmo's specific trade strategies. What more do you need? Many of you (I'm not singling you out WW because I don't know if you read or not) don't read what's available to you now. What good would it do to start 6 more different threads? It would just open up a bigger playing field for more of the whiners to spout. Aus's threads are the only ones I plan on posting in. I don't have time to jump around from room to room.

M2B[/quote]


M2B

Thanks for your thoughts. Yes I am very much a reader; and the
one good thing that I can say is that I earn more than I lose -
that's not too bad for a Newbie. Developing my own strategy
while reading this, and other, threads.

Thanks again.
  • #47,896
  • Nov 5, 2007 2:16pm Nov 5, 2007 2:16pm
Quoting my2buoys
Whenever Aus or Karmo posts that they are entering a trade, they always post what their TP and SL is at that time. Earlier this morning there were ding-dongs asking Aus if he was still in his long trade and others asking Karmo if he was still in his short trade (which is really nobody's business and shouldn't affect whether or not they themselves stay in a trade or not), and there were two or three different people asking him what his SL was, even though he had posted it one page earlier. I won't lump you in with all of the other ding-dongs because I don't know you yet, but there are a lot of newer ones who just DON'T WANT TO READ. Don't give me this garb that you don't have time to read because you're getting ready to go to work or go to sleep or whatever. If you want to do this then you better be willing to do the homework. I am not speaking down at you or any of the others in a condescending manner. Every time I log onto the thread, I go back and catch up on the pages I missed. Why can't you guys do the same thing? Do you think we ask you to do things that we don't do ourselves? Do you think Aus just comes up with his systems magically in 5 or 10 minutes time? The things he does requires hours, days, and weeks of time in testing and calculating. AND STOP THROWING OUT THIS CRUD ABOUT ME AND THE OTHER "SENIORS" FORGETTING WHAT IT'S LIKE TO BE A NEWBIE. I STILL AM A NEWBIE IN MY OWN EYES. AUS HAS WRITTEN OUT HIS SYSTEMS CLEARER THAN ANY OTHER TRADER I HAVE EVER COME ACROSS. HIS SYSTEMS EVEN TELL YOU WHERE TO PUT YOUR TP AND SL. SO STOP TELLING ME YOU HAVE TO CONSTANTLY BARRAGE HIM WITH THESE KINDS OF QUESTIONS. USE HIS SYSTEMS GUIDELINES AND PRACTICE IN YOUR DEMO ACCOUNT. I'M NOT STUPID. I KNOW WHAT YOU'RE DOING. YOU WANT TO KNOW WHERE HIS SL AND TP IS BECAUSE YOU'RE TRADING REAL MONEY WHEN YOU SHOULD STILL BE PRACTICING. THAT'S YOUR PROBLEM, NOT AUS'S. (I guess I got a little carried away there with the screaming). How many times, even earlier today, has someone posted that they're in a trade and it's gone negative and they want to know if they should get out or not. Why would you get in a trade if you weren't sure of your approximate SL area as well as your TP area? That's what SLs and TPs are for. The best way for most newer ones to learn is through a demo account. If you're trading a demo account then you don't need to ask TP and SL questions. Learn through trial and error what works best for you. If you're trading a real account then the best way to learn is by losing money. No one in this thread can teach you where to put your SL and TP better than a losing trade. So cut the nonsense, grow up and follow the path all of the other traders in this thread did. Believe me, there is no shortcut to becoming a successful trader.

M2B

HI M2B
we dont know really the circuimstances or conditions for everyone..
for me and a couple of freinds here,we dont post really that much(because we dont a usefull thing to post)but we QUIT our jobs..and we area staying home all day and all night learning and reading every single statement of this thread , other threads ,books and online articles..we most of the people here ENGLISH is not there first language,so they really suffering alot and open the dictionary thousand times a day...
i'm not saying that to pety those people ..but to understand there condition(which we dont know)
those dingdongs will take the torch after a while (not all of them )..
and even alot of people here still in DEMOS ..but they are asking for the SL/TP to know the CONCEPT itself...not for wasting their time or yrs..
the point is we all have thousand of EBOOKS and hundreds of startegies but prefering some over the other is sometimes harder than stucking to one or stragies becoz u dont know other way...
we all here like to understand and family like feeling in this thread
thanks ....all the best from me and all the newbies
  • #47,897
  • Nov 5, 2007 2:18pm Nov 5, 2007 2:18pm
OK. Here's some real analysis. The 4H QQE is still crossed down. The Daily, 1h and currently the 15M and 30M are all crossed up. Look at how supportive the 200 EMA on the 1H chart has been right around 237.50. The Daily pivot is around 238.45, which price hasn't been near since around 0900 GMT (4AM EST). Because price is under the Daily pivot GBP/JPY should be considered bearish, and yet with all the QQE's (minus the 4H) crossed up, price should be considered bullish. This is the cause of the battle that has been going on since 1100 GMT (6AM EST). We are getting ready to enter the dead time (4-8PM EST), which usually means price will chop wood for awhile. The new Daily Momentum should help give some direction to the coming sessions in Asia and London.

M2B
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  • #47,898
  • Nov 5, 2007 2:20pm Nov 5, 2007 2:20pm
Dow teases all the time. Another rally. Darn thing will probably close positive. How many times is it going to fall huge and then rally? Fall Dow, Fall!
  • #47,899
  • Nov 5, 2007 2:22pm Nov 5, 2007 2:22pm
Quoting winterwhite
Aus has already set up a thread where many of us post our weekly analysis before the new week begins. The thread is in his signature. Maestro2 also just set up a gorgeous new website for Aus, also in his signature. This site has pages dedicated to Hakuna's and Karmo's specific trade strategies. What more do you need? Many of you (I'm not singling you out WW because I don't know if you read or not) don't read what's available to you now. What good would it do to start 6 more different threads? It would just open up a bigger playing field for more of the whiners to spout. Aus's threads are the only ones I plan on posting in. I don't have time to jump around from room to room.

M2B

M2B

Thanks for your thoughts. Yes I am very much a reader; and the
one good thing that I can say is that I earn more than I lose -
that's not too bad for a Newbie. Developing my own strategy
while reading this, and other, threads.

Thanks again.[/quote]



Hi M2B: One slight correction on web site. It has pages set aside for Karmo and Hakuna if they would like to contribute but up to now, they have not responded to my PM.
The site contains info on Auslanco's main 1HR-4HR strategy and also the 15 MIN strategy.
I have just added a page for Auslanco's Momentum lessons and if anybody has any that I have missed, just let me know.
There is also a download page for MT4 and VT that I will be working on this week.
A lot of the content was in .doc form that MPP put together and I will be taking the downloads from the Brucehaven thread.
Will keep all posted as more items added.
Rod

http://www.pnwenterprises.com/auslanco
Trade what you see, not what you think.
  • #47,900
  • Nov 5, 2007 2:30pm Nov 5, 2007 2:30pm
Quoting maestr2
Hi M2B: One slight correction on web site. It has pages set aside for Karmo and Hakuna if they would like to contribute but up to now, they have not responded to my PM.
Just give me a day or two and I will respond bro
Trade what you see, not what you think.
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