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

new 8hr candles and momentoms

uj and gj seems super bullish and gu shows some good retraces.
time will tell us soon

IMO, EU is d easing pair to trade. but its to slow 4 me. u just stay with d preseent trend and u make pips

Hi,
I was wondering does anybody has the indicator which shows the price big on the right side of the screen?

Thanks
Mike

will be longing any minute soon

Does anyone think 201.23 will come easily?

UJ rejected at daily gann line again

You mean the 1 hour gann (USDJPY)?

,..

yess , sorry, we need to close above that

so if it UJ doesnt close above that, you will not be going long on GJ?

Thanks

I have closed biggest long on GJ ut still have 3 more but much lower

If GJ go over 201.25 I'll open another big one

Hi jarroo,

I just saw this. Hmmm, I think that you may be mistaken. Yes, I definitely trade with the trend and I always use a Stop Loss. (Actually, I use a Trailing Stop Loss)
The hedge is not a hedge...it is actually an Anti-Hedge system that stops large drawdowdowns. I trade in very large volumes and can not justify large drawdowns. The Anti-Hedge system minimises my drawdowns.

Apart from trading with the trend, using a TSL, incorporating the Anti- Hedge system plus entry strategies and money management and exit strategies, you are correct. There is not much more to it!!


.

yeah, i need some bullish action 4rm UJ to long, hoping GU behaves it self

wow, do u work 4 d FBI, how did u discover dis post. u search 4 d word jacko?



pls describe ur anti hedging

Sorry Jacko, I did not mean to minimize your stragety. I have read your thread and it is excellent!

All due respect, sir.

Hi ephisi,

THE ANTI - HEDGING STRATEGY

This strategy was invented by me as an alternative to "hedging" which was often discussed on Forums as a panacea to a losing trade.

"Hedging " to me is simply hiding a loss under another opposite trade...and sooner or later, when the hedge comes off, there is an ugly loss exposed...I don't like that concept !!! (However, to those who use them, I say, different strokes for different folks...that is, its a personal choice).


Currently, this is what seems to happen to some Traders...

1. you put a trade on and you put a stop loss of around 40- 50 pips
2. the market goes against you (horrors....I was wwwwwrong !! )
3. let the market continue...it will probably go say another 30 - 100 pips past your stop...who knows ???
4. FINALLY, the market comes back around and starts to head in the opposite direction
5. by now you are totally hacked off with the market and you let it go


The solution that that I found is a pretty simple one but one that has to be executed without fail...

Scenario 2

That strategy is:

1. you put a trade on and you put a stop loss of around 40- 50 pips
2. the market goes against you (horrors....I was wwwwwrong !! )
3. let the market continue...it will probably go say another 30 - 100 pips past your stop...who knows ???

4. WHEN THE MARKET HAS GONE 50 PIPS PAST YOUR STOP, PUT AN ORDER IN AT THE EXACT SAME FIGURE AS YOUR STOP LOSS (if you were originally "long" then place a "long" order) This ensures that when the market comes back, as it invariably does, you have a DEFINATE order in place to put you back in the market where you were originally...and you are now in the same direction as the market is moving..

5. FINALLY, the market comes back around and starts to head in the opposite direction
6. The market picks you back up on its new direction

7. THE ADVANTAGES OF THIS (THEORETICAL) STRATEGY IS THAT
a. IT HAS AN EFFECTIVE AND DISCIPLINED COURSE OF ACTION
b. IT GIVES YOU A SPECIFIC "ENTRY" POINT
c. IT REDUCES LARGE DRAWDOWNS
d. IT PUTS YOU BACK IN THE MARKET EXACTLY WHERE YOU GOT OUT

I know that there are DISADVANTAGES with this strategy, buy I think that the overall effect of the advantages outweigh the disadvantages.

I also think that this strategy is more appealing to my business sense of minimising risk than the original concept of "hedging" that initially set me off to discover an alternative strategy to hedging.

I have now been using this strategy for about 18 months and it is working brilliantly.

PLEASE NOTE: I am a medium to long term trend trader. The above method works best on those time frames. It works less well on short term time frames because of the volatile "noise" in the market.

When a stop loss has been triggered, I allow it to go past my SL by a minimum of 50 pips before I set the new order.

When the market has turned and is coming down in the "trend" direction, my order is then opened.


Try it...you will be surprised how good it is.

The key advantage is that you are not tempted to "hang on" to a losing trade....and therefore your drawdowns are minimised.

However this is a "default" trade. It is NOT the prime strategy to use.
DO NOT LOSE SIGHT THAT the prime strategy is to trade medium/ long term and trade with the trend, with a trailing stop.


.

good morning guys
this is my 1 h chart
use ur brain and find ur way

jacko, you should include that grid trading is not for amateurs, because it is the safest way to go bankrupt. Read my signature, it is referred to this strategy. I've seen dozens of people empty their accounts using this grid system. So you let your stop loss get triggered, it is definitely safer this way, but what happens when the market triggers you stop loss and instead of continuing going down, decides to turn back ?

pirin good morning bro hows u today

good morning,
fine so far, getting on my feet since last Tuesday's hit. what's up with you

well am ok bro tkx for asking
btw this is the market u cant close ur eyes lol
wish u load of green pips bro