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

  • #51,061
  • Nov 21, 2007 6:32am Nov 21, 2007 6:32am
@ olacurrency take it easy bro...owo o ti jona .......anyways can i PM u
  • #51,062
  • Nov 21, 2007 6:39am Nov 21, 2007 6:39am
Quoting Khello
hi all ,
i need help about my trade , i am long at 226.80 and 227.15 , the market is down now. whats your opinion ? wait or hedge ?

put 2 more longs when its going up , cut everything at break even
To Live is the rarest thing in the world , Most people exist , that is all
  • #51,063
  • Nov 21, 2007 6:44am Nov 21, 2007 6:44am
Quoting Khello
hi all ,
i need help about my trade , i am long at 226.80 and 227.15 , the market is down now. whats your opinion ? wait or hedge ?


Khello:

My opinion is:

Start here:

http://www.babypips.com/school/

Read as well the forex factory forum for beginners

and all relevent information to trading.

The objective is to develop your own
trading system based on knowledge
attained through study and research.
All successful traders have to master
the learning curve and develop a system
with which they feel comfortable. You
do too if you want to take responsibility
and succeed.

Obviously if you have to ask someone
about a trade you have already made,
you are not ready to trade.

I say this kindly. There are many fine
traders on this forum; but for you, none
of their strategies will be better than
the one you develop for yourself.

.
  • #51,064
  • Nov 21, 2007 6:56am Nov 21, 2007 6:56am
GJ is still following a nice falling wedge formation so this is what could happen next...

-G/J will follow the support line of the wedge for some time
-or G/J will rebound to the upside towards 226 and we could see a break of the wedge resistance (if this truly is a falling wedge)
-G/J will break to the downside hitting the previous low of 219.22 and possibly bounce all the way back up from there
Attached Image
  • #51,065
  • Nov 21, 2007 6:58am Nov 21, 2007 6:58am
Quoting winterwhite
Khello:

My opinion is:

Start here:

http://www.babypips.com/school/

Read as well the forex factory forum for beginners

and all relevent information to trading.

The objective is to develop your own
trading system based on knowledge
attained through study and research.
All successful traders have to master
the learning curve and develop a system
with which they feel comfortable. You
do too if you want to take responsibility
and succeed.

Obviously if you have to ask someone
about a trade you have already made,
you are not ready to trade.

I say this kindly. There are many fine
traders on this forum; but for you, none
of their strategies will be better than
the one you develop for yourself.

.


well said winter. i don't know too many traders (actually just 1) who hasn't blown an account or 2 or 3 LOL. so take winters advice understanding that proper mm and leverage control is an absolute must in this game. i wish i could scratch the last 2 years and start a live account now
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,066
  • Nov 21, 2007 7:03am Nov 21, 2007 7:03am
I actually traded mostly on demo for the first two years.
  • #51,067
  • Nov 21, 2007 7:05am Nov 21, 2007 7:05am
Quoting peterM
I actually traded mostly on demo for the first two years.
SMART! VERY SMART! IMO
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #51,068
  • Nov 21, 2007 7:24am Nov 21, 2007 7:24am
i believe the price is on retracement..... if it close above 1 hr 5 sma, the next target is 4hr 5sma, if the momentums pointing up.. Who ever long, you may check the price and the momentum every hour. Wait/ cut loss / take profit at reasonable price. But i think please do not take action too early. Watching the gann crossing may help. Now we have 15 min try to retrace from oversold level, and also 30 min. If it drag the 1 hr QQE to cross up, or even better cross 50 line, it is good for long and will minimize the loss. If 30 min cross down (or cross up 50 line, and cross down again), it may signal a downside move. Signal 0n 15 may be false signals...Hopefully this will help....IMO...
  • #51,069
  • Nov 21, 2007 7:49am Nov 21, 2007 7:49am
For the ones that get excited during these big down moves and have itchy trigger fingers to go long, slap a TRIX(18,10) on your 15 minute chart and enter the trade once it crosses up. This will minimize the risk of catching a falling knife. Check it out...
Attached Image (click to enlarge)
Click to Enlarge Name: GBP-JPY 15 min-SFX.jpg Size: 151 KB
  • #51,070
  • Nov 21, 2007 7:57am Nov 21, 2007 7:57am
Quoting fxslinger
For the ones that get excited during these big down moves and have itchy trigger fingers to go long, slap a TRIX(18,10) on your 15 minute chart and enter the trade once it crosses up. This will minimize the risk of catching a falling knife. Check it out...

could u explain this to those of us who are not familiar. Can i do this in dealbook360? would love to try that one, but I dont know what it s on dealbook360 please advise
  • #51,071
  • Nov 21, 2007 7:59am Nov 21, 2007 7:59am
Quoting dagoods
could u explain this to those of us who are not familiar. Can i do this in dealbook360? would love to try that one, but I dont know what it s on dealbook360 please advise
dagoods,

I'm with GFT as well, go to your chart, click on the set up indicators button and there you will find TRIX. TRIX smoothes the various SMA's iirc and gives you less likelihood of fake breakouts.
Patience + Humility + Study = Success
  • #51,072
  • Nov 21, 2007 8:03am Nov 21, 2007 8:03am
Quoting dagoods
could u explain this to those of us who are not familiar. Can i do this in dealbook360? would love to try that one, but I dont know what it s on dealbook360 please advise
If you have MT4, search for T3-TRIX and T3-TRIX signals (to put the blue and red dots on the chart).

I don't know Dealbook360, but here is a page from their site explaining TRIX:

http://www.gftforex.com/software/dea...indicators.asp
  • #51,073
  • Nov 21, 2007 8:20am Nov 21, 2007 8:20am
any idea on how i can download trix indicator for IBFX platform
  • #51,074
  • Nov 21, 2007 8:25am Nov 21, 2007 8:25am
Hi Guys/Gals,

When a price reaches a certain line, in my example the 5sma 1hour on Eur/Yen, and bounces of it, what am i looking for to try and determine its short term direction?

I.e. on the eur/yen it has bounce down of the 5sma.

If i wanted to short this, i would look for a "close" on the current 1 hour bar below the 5sma in an attempt to confirm a further downward next bar??

And obviously if it closes above the 5sma, i am looking for a possible long.

Is this what people are saying when price hits relevant lines?
Attached Image (click to enlarge)
Click to Enlarge Name: g-y.JPG Size: 168 KB
  • #51,075
  • Nov 21, 2007 8:26am Nov 21, 2007 8:26am
Quoting fxslinger
If you have MT4, search for T3-TRIX and T3-TRIX signals (to put the blue and red dots on the chart).

I don't know Dealbook360, but here is a page from their site explaining TRIX:

http://www.gftforex.com/software/dea...indicators.asp
Slinger,

Which MT4 platform are you using? Mine does not come standard with the TRIX indicator. Is there anyway you can post an attachment with it to the thread?

M2B
  • #51,076
  • Nov 21, 2007 8:28am Nov 21, 2007 8:28am
Question for the MT4 crowd, is that just a platform? I use GFT and am quite pleased with it, however from what i've been reading for the past months here it's necessary to have the MT4 platform in order to use Aus/Karm's strategy no? If I'm being redundant just blame it on English being my 2nd language. Thanks again ladies/gents
Patience + Humility + Study = Success
  • #51,077
  • Nov 21, 2007 8:33am Nov 21, 2007 8:33am
Quoting my2buoys
Slinger,

Which MT4 platform are you using? Mine does not come standard with the TRIX indicator. Is there anyway you can post an attachment with it to the thread?

M2B
I'm using MT4 through StrategyBuilderFX.com

You can download the indicators at http://www.forexmt4.com/_MT4_Indicators/

The T3-TRIX.mq4 is at http://www.forexmt4.com/_MT4_Indicators/T3%20-Trix.mq4

The T3-TRIX signals.mq4 is at http://www.forexmt4.com/_MT4_Indicat...%20signals.mq4
  • #51,078
  • Nov 21, 2007 8:40am Nov 21, 2007 8:40am
specifically Hakuna Matata, Karmostaji, Markam and the great man who started this fine thread? Your contributions are sorely missed! (sorry for anyone else I forgot to mention whose opinions I give credence to). Would be great if you guys had your own thread which was read-only to the unwashed masses (myself included)
  • #51,079
  • Nov 21, 2007 8:59am Nov 21, 2007 8:59am
Quoting fxslinger
I'm using MT4 through StrategyBuilderFX.com

You can download the indicators at http://www.forexmt4.com/_MT4_Indicators/

The T3-TRIX.mq4 is at http://www.forexmt4.com/_MT4_Indicators/T3%20-Trix.mq4

The T3-TRIX signals.mq4 is at http://www.forexmt4.com/_MT4_Indicat...%20signals.mq4

I have loaded the T3 TRIX to my IBFX platform in the indicators area and it does not show on my charts even tho I checked allow Dll imports. I also tried it in the experts section. Nothing shows up. Thank you in advance for any help. Nikki
  • #51,080
  • Nov 21, 2007 9:16am Nov 21, 2007 9:16am
Quoting fxslinger
I'm using MT4 through StrategyBuilderFX.com

You can download the indicators at http://www.forexmt4.com/_MT4_Indicators/

The T3-TRIX.mq4 is at http://www.forexmt4.com/_MT4_Indicators/T3%20-Trix.mq4

The T3-TRIX signals.mq4 is at http://www.forexmt4.com/_MT4_Indicat...%20signals.mq4
Thanks, bro.
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