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

  • #70,781
  • Edited 10:07am Mar 25, 2008 10:05am | Edited 10:07am
Quoting warta
yeah bro , but the game still on and the daily pivot is a strong R and holding the price nicely i think if there is no breaking for the daily pivot well the price will bounce up again to test the 200.70 area again
well lets see how it will play
ah that way , u might look at that trendline , a break might make it possible , good luck to u
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 141 KB
To Live is the rarest thing in the world , Most people exist , that is all
  • #70,782
  • Mar 25, 2008 10:08am Mar 25, 2008 10:08am
Quoting maheswara
ah that way , u might look at that trendline , a break might make it possible , good luck to u
same bro wish u a safe trade with zillion of green pips
  • #70,783
  • Mar 25, 2008 10:09am Mar 25, 2008 10:09am
[quote=jacko;1920336]Hi dogberry,

My "method" can be applied to any currency pair (or gold or any market) that trends. Only the parameters of the Trailing Stop Loss and the contract size are the variables.

For example, the GBP/USD is more volatile than the EUR/USD, therefore the Trailing Stop Loss should be larger and the number of contracts should be smaller.

Please note: My "method" is nothing special...I am not saying anything different to what all the good trading books say...but it is amazing that every newbie trader wants to "take on" the market and then wonders which express freight train flattened them (and destroyed their trading accounts).

One of my friends who was a very senior executive at a major brokerage house (and now trades with me) once said that "Most people are trading for the adrenaline rush rather than the boring concept of just maximising profits"



hi jacko,
i love your method cos it keeps you always on the game.i believe that overall
its goin to be a success using it.
what about the gj , can you give candid explanations on how to use your method.especially wit reference to stop loss positions?
  • #70,784
  • Mar 25, 2008 10:18am Mar 25, 2008 10:18am
Hi, Jacko,
I am keen to become a professional full-time trader. What qualifications/conditions do I need to become a member of your group? Do you sell trading calls/signals? I think I've read most of your posts but haven't practised it yet.

Quoting jacko
Hi maheswara

Yes....Too many people see forex trading as standing around in a hyper stance, trading every twenty seconds and playing their trading platforms like fast moving computer game.
It is NOTHING like that !!!!!

The BEST market to trade is one that consistently trends in one direction with minimum volatility. If you want to add more risk, then you can simply increase your trading lot size.

One of the guys in my group who has just become a professional full-time trader wrote to me saying "Jacko's method makes me money but it is not entertaining".
http://www.forexfactory.com/showpost...postcount=1742
There are three in my small group so far that I know have been able to move to professional full-time traders, so it may be less "entertaining" but it is certainly profitable.


.

  • #70,785
  • Mar 25, 2008 10:24am Mar 25, 2008 10:24am
Hi all
For any interesting in Jocko’s method. Just go his tread and read it.
It name is: Jocko’s Forex House of Pleasure and Pain

http://www.forexfactory.com/showthread.php?t=27286

Do not be so lazy and ask just to write something.
When u understand the main idea u can make a money or ask for more details depend u filing about forex.
It’s just emotions & money
  • #70,786
  • Mar 25, 2008 11:11am Mar 25, 2008 11:11am
Indicator testing requested

Indicator testing is requested for this 4 hour trendline indicator.

I wrote the code to get the best of daily 4 hour high and low to form as support / resistance lines

Green is tops and Red is bottoms


I will also appreciate suggestions to make it better.

So far on live testing i am getting good results
.
Attached File(s)
File Type: mq4 trendline.mq4   3 KB | 476 downloads
  • #70,787
  • Mar 25, 2008 11:14am Mar 25, 2008 11:14am
Quoting warta
hi mate
i think for today the price will test again the @ 200.70 area as it seem bullish momentum for today if no breaking then will fall down to the @ 197.60 area

this is my chart


plz comment

Attachment
Warta, I am on your same page with your chart from this morning. Here is my 4hr. Just waiting for confirmed break of the 50% at 200.30 and then the high, for longs. And waiting for bottom TL to break for shorts. Cheers.
Attached Image (click to enlarge)
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  • #70,788
  • Mar 25, 2008 11:22am Mar 25, 2008 11:22am
Price heading again to the 200,60 area....
Attached Image (click to enlarge)
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  • #70,789
  • Mar 25, 2008 11:30am Mar 25, 2008 11:30am
the beautiful thing of this chaos is that there are so many ways of trading it.. some people like to be bored and make money.. and some people like to enjoy and make money too... it all depends on personality of the trader
  • #70,790
  • Mar 25, 2008 11:35am Mar 25, 2008 11:35am
Quoting emda
the beautiful thing of this chaos is that there are so many ways of trading it.. some people like to be bored and make money.. and some people like to enjoy and make money too... it all depends on personality of the trader

lool verry tru bro but the important at the end is to make money :
  • #70,791
  • Mar 25, 2008 11:40am Mar 25, 2008 11:40am
Quoting warta
lool verry tru bro but the important at the end is to make money :

Never trouble trouble till trouble troubles you
  • #70,792
  • Mar 25, 2008 11:42am Mar 25, 2008 11:42am
maybe we will find a lil retrace as correction to the MA middle line of the bollinger bands @ 199.90 area ( am not so sure )
  • #70,793
  • Mar 25, 2008 11:42am Mar 25, 2008 11:42am
Quoting emda
the beautiful thing of this chaos is that there are so many ways of trading it.. some people like to be bored and make money.. and some people like to enjoy and make money too... it all depends on personality of the trader
Never trouble trouble till trouble troubles you
  • #70,794
  • Mar 25, 2008 11:47am Mar 25, 2008 11:47am
How about R1 [201.37]

http://www.doske.com/fx/ew-33.png
  • #70,795
  • Mar 25, 2008 11:49am Mar 25, 2008 11:49am
Or maybe bigger Picture??

200ema [204.30] ??

http://www.doske.com/fx/ew-34.png
  • #70,796
  • Mar 25, 2008 11:55am Mar 25, 2008 11:55am
Quoting Piters
Or maybe bigger Picture??

200ema [204.30] ??

http://www.doske.com/fx/ew-34.png

yep but we have many R on the road
  • #70,797
  • Mar 25, 2008 11:57am Mar 25, 2008 11:57am
Yes, that's why we have stations.. First one R1

cheers
  • #70,798
  • Mar 25, 2008 11:59am Mar 25, 2008 11:59am
I forgot and missed the entry point 1 hour ago (16:00 pm GMT) when I talked to my colleague ...

Quoting Blicas
Price heading again to the 200,60 area....
  • #70,799
  • Mar 25, 2008 12:18pm Mar 25, 2008 12:18pm
Quoting dogberry
I forgot and missed the entry point 1 hour ago (16:00 pm GMT) when I talked to my colleague ...
...i´m at work and missed it to
  • #70,800
  • Mar 25, 2008 12:37pm Mar 25, 2008 12:37pm
well there is strong R here
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