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

  • #55,081
  • Dec 14, 2007 1:32am Dec 14, 2007 1:32am
Quoting dagoods
looks like i can exit at breakeven or at least move stop to
what postion are you in?
  • #55,082
  • Dec 14, 2007 1:35am Dec 14, 2007 1:35am
gbp/usd break below 384, target 364.. thats for me.
  • #55,083
  • Dec 14, 2007 1:36am Dec 14, 2007 1:36am
I think its almost time to go short. There is a doji on 4hr chart.
  • #55,084
  • Dec 14, 2007 1:38am Dec 14, 2007 1:38am
Quoting kdoubled01
I think its almost time to go short. There is a doji on 4hr chart.
wait for a setup. never assume. a close below 228.95 is more safer as to what i see on charts for taking short positions.

fer
  • #55,085
  • Dec 14, 2007 1:42am Dec 14, 2007 1:42am
Quoting fer
wait for a setup. never assume. a close below 228.95 is more safer as to what i see on charts for taking short positions.

fer

thanks gotcha moved to s very tight stop so i am ok on the geppy good risk reward now in positive terrritory why 228.95? that seems to be close to the trendline and a candle below thate trendline is reversal???? do u have different reason?
  • #55,086
  • Dec 14, 2007 1:47am Dec 14, 2007 1:47am
Hi Dagoods

Can you post a link to the thread where you got the work on trendlines?

TIA
  • #55,087
  • Dec 14, 2007 1:52am Dec 14, 2007 1:52am
Quoting privatefr
Hi Dagoods

Can you post a link to the thread where you got the work on trendlines?

TIA
no problem... good stuff.... i noticed some of the good traders in this thread have frequented the "trend line" mouteki thread as well..... (makes me think its more than worthwhile) here ya go

Mouteki material
  • #55,088
  • Edited 2:36am Dec 14, 2007 2:01am | Edited 2:36am
Quoting privatefr
Hi Dagoods

Can you post a link to the thread where you got the work on trendlines?

TIA
here is another one: FXTradepro: Strategy using a “Semi-Martingale” Position Sizing
senior members dont like it too much but.... i like this thread too for study and possible refinement as it in theory has possibilities..... of course theory isn't reality....but.... the idea is intriging..... (its semi-martingale (martingle is a betting sytem originally designed for roulette) and is the opposite of good money management...... on the other hand if you were 100% sure that would NEVER have 10 losing trades in a row.... AND you had sufficient trading capital..theoretically....you would never lose money. for that reason alone it interests me.....so it would be interesting if some ea guy could test diffrent trading sysytems with the semi martingale money mismangaement system...that would be fun!
  • #55,089
  • Dec 14, 2007 2:26am Dec 14, 2007 2:26am
I dont think so...better read Tom Demarks new book ""The New Art of Technical Analysis" for a full and better version of "Mouteki system".

Regarding Martingale or Semi-martingale systems just forget about them if you really want to be a forex trade by next year LOL
  • #55,090
  • Dec 14, 2007 2:33am Dec 14, 2007 2:33am
Quoting privatefr
I dont think so...better read Tom Demarks new book ""The New Art of Technical Analysis" for a full and better version of "Mouteki system".

Regarding Martingale or Semi-martingale systems just forget about them if you really want to be a forex trade by next year LOL
Agreed.. just stick to the basics and good mm you will fine.
  • #55,091
  • Dec 14, 2007 2:34am Dec 14, 2007 2:34am
Quoting privatefr
I dont think so...better read Tom Demarks new book ""The New Art of Technical Analysis" for a full and better version of "Mouteki system".

Regarding Martingale or Semi-martingale systems just forget about them if you really want to be a forex trade by next year LOL

thanks for book reference! appreciate it..as for martingale..... i never dismiss new ideas unitl i have thouroughly researched and tried (demo) them for semi- martingale is the key ....think about this...if you always risk 1% on every trade and you are consisitantly increasing the size of your trading account (your capital) you are already incrasing your risk and thus using a semi-martingle system of sorts without even realising it! see what i mean? your trades are gettting bigger?!
  • #55,092
  • Dec 14, 2007 2:45am Dec 14, 2007 2:45am
Quoting privatefr
I dont think so...better read Tom Demarks new book ""The New Art of Technical Analysis" for a full and better version of "Mouteki system".

Regarding Martingale or Semi-martingale systems just forget about them if you really want to be a forex trade by next year LOL
Looking at the last couple of posts, I would vouch for this as the 'Best Post of the Day" so far .

Guys take your trade calls and gambling strategies to the Cowboy Analysis thread or create one where you can discuss just about everything under the Sun without any Interruptions. This thread is for Analysis...would appreciate it if you keep it at that
  • #55,093
  • Dec 14, 2007 2:49am Dec 14, 2007 2:49am
Quoting forexnovice
Looking at the last couple of posts, I would vouch for this as the 'Best Post of the Day".

Guys take your trade calls and gambling strategies to the Cowboy Analysis thread or create one where you can discuss just about everything under the Sun without any Interruptions. This thread is for Analysis...would appreciate it if you keep it at that

sorry... just tryin to keep learning from all you guys is all its been pretty quiet trading day.... no problem
  • #55,094
  • Dec 14, 2007 3:17am Dec 14, 2007 3:17am
My longs did well yesterday, I took profits at the upper trendline on the 4H chart, currently I'm short from 229 area and targetting 226 which is the lower TL (but i'll get out if I see a reversal anywhere in the middle), good luck.

http://img522.imageshack.us/img522/219/gjve6.gif
Trade what you see, not what you think.
  • #55,095
  • Dec 14, 2007 3:23am Dec 14, 2007 3:23am
anyone short yet..cos i am..just want know wat y'all feel about it
  • #55,096
  • Dec 14, 2007 3:25am Dec 14, 2007 3:25am
Quoting fer
gbp/usd break below 384, target 364.. thats for me.

exited at 354 for 30 pips.
  • #55,097
  • Dec 14, 2007 3:26am Dec 14, 2007 3:26am
I shorted GJ take porfit at 228.56, let see how it goes
"life is a lesson, you'll learn it when you're through"
  • #55,098
  • Dec 14, 2007 3:27am Dec 14, 2007 3:27am
Yup I am also short from 229.05. Like the magic phrase goes "Trade what you see."
  • #55,099
  • Dec 14, 2007 3:33am Dec 14, 2007 3:33am
Quoting fer
wait for a setup. never assume. a close below 228.95 is more safer as to what i see on charts for taking short positions.

fer
its broken below. im short from 229.05

fer
  • #55,100
  • Dec 14, 2007 3:35am Dec 14, 2007 3:35am
Quoting tz8dng
I shorted GJ take porfit at 228.56, let see how it goes
that would be a good take profit area. a close below that would then go to 228.10 for next target.

fer
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