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

  • #84,641
  • May 27, 2008 3:48pm May 27, 2008 3:48pm
Quoting ahmadj77
so it will go to 207 or back to 205 ??
It may go to 205 first, but it's going to 207 and above for sure. IMHO
  • #84,642
  • May 27, 2008 4:02pm May 27, 2008 4:02pm
Quoting kinzu
Pls I Need Help I Am A Newbie I need A Good Broker For News Trading. Sorry For Deviating
Newbie and news trading do not belong in the same sentence

News trading is EXTREMELY HIGH RISK

That is my comments anyway
Blogging daily now at www.volume.zone
  • #84,643
  • May 27, 2008 4:08pm May 27, 2008 4:08pm
Hi Malcomb,

are you still thinking down?
BTW what broker do you use to trade YM/DOW?

Thanks
Money & Pain Respect the market, protect your capital, be patient
  • #84,644
  • May 27, 2008 4:22pm May 27, 2008 4:22pm
Quoting Que
I called that one... Hopefully, this will go right as well...
Quoting ak4x
ditto que, as I'm in that boat with you from just a few pips higher entry on a limit order. we'll see if it's true that great minds think alike...
Que, my boat is taking on water from that euro trade. Unless lilmoe cruises by soon on the crapper, I may need to borrow that cup thingie from vinesh to bail it out with.
FUBAR...
  • #84,645
  • May 27, 2008 4:33pm May 27, 2008 4:33pm
Quoting ak4x
Que, my boat is taking on water from that euro trade. Unless lilmoe cruises by soon on the crapper, I may need to borrow that cup thingie from vinesh to bail it out with.
1.5682 is holding ground. Trade your plan and stick to it is my motto. It will stop out at 1.5672 or it won’t.

I look at my trades this way. I do very accurate MM on each trade and risk a very specific amount. Once I have made the trade, until I move my stop to BE or better, the market owns that x%. Keeps me sane and lets the trade do as it should.

If it hits my stop, my next trade will be 1.6533 Long. Remember, not all trades go your way. You HAVE to accept losers. If it is uncomfortable, I would suggest getting out of the trade. The only reason a losing trade should be uncomfortable or scary is if you did not place your trade based on good MM.

My trade plan has my TP at a minimum of 1.5x my stop. I assume a 50% failure rate (I have been doing much better btw) so I only have to win every other trade to be quite profitable each month.

This month I am 22 Wins and 8 Losses. All of my losses were 2%. All of my wins were a minimum of 3% one as high as 11%. I do not like losing trades, but they are like gas for your car. You are going to have to accept the fact that money is going to be going towards it heh.
Que
  • #84,646
  • May 27, 2008 4:37pm May 27, 2008 4:37pm
Quoting Que
1.5682 is holding ground. Trade your plan and stick to it is my motto. It will stop out at 1.5672 or it won’t.

I look at my trades this way. I do very accurate MM on each trade and risk a very specific amount. Once I have made the trade, until I move my stop to BE or better, the market owns that x%. Keeps me sane and lets the trade do as it should.

If it hits my stop, my next trade will be 1.6533 Long. Remember, not all trades go your way. You HAVE to accept losers. If it is uncomfortable, I would suggest getting out of the trade. The only reason a losing trade should be uncomfortable or scary is if you did not place your trade based on good MM.

My trade plan has my TP at a minimum of 1.5x my stop. I assume a 50% failure rate (I have been doing much better btw) so I only have to win every other trade to be quite profitable each month.

This month I am 22 Wins and 8 Losses. All of my losses were 2%. All of my wins were a minimum of 3% one as high as 11%. I do not like losing trades, but they are like gas for your car. You are going to have to accept the fact that money is going to be going towards it heh.
And there it went. lost 2%. Not a big deal, Ill move on to the next one...
Que
  • #84,647
  • May 27, 2008 4:39pm May 27, 2008 4:39pm
Quoting Que
1.5682 is holding ground. Trade your plan and stick to it is my motto. It will stop out at 1.5672 or it won’t...
That's creepy. Soon as you posted, price went down. The big dogs are reading our posts!! We better start speakin in code.

Seriously, agree with all. That's why my entry limit was hit. Was surprised to see you in essentially the same trade as me when you posted it.
FUBAR...
  • #84,648
  • May 27, 2008 4:41pm May 27, 2008 4:41pm
Quoting Que
1.5682 is holding ground. Trade your plan and stick to it is my motto. It will stop out at 1.5672 or it won’t.

I look at my trades this way. I do very accurate MM on each trade and risk a very specific amount. Once I have made the trade, until I move my stop to BE or better, the market owns that x%. Keeps me sane and lets the trade do as it should.

If it hits my stop, my next trade will be 1.6533 Long. Remember, not all trades go your way. You HAVE to accept losers. If it is uncomfortable, I would suggest getting out of the trade. The only reason a losing trade should be uncomfortable or scary is if you did not place your trade based on good MM.

My trade plan has my TP at a minimum of 1.5x my stop. I assume a 50% failure rate (I have been doing much better btw) so I only have to win every other trade to be quite profitable each month.

This month I am 22 Wins and 8 Losses. All of my losses were 2%. All of my wins were a minimum of 3% one as high as 11%. I do not like losing trades, but they are like gas for your car. You are going to have to accept the fact that money is going to be going towards it heh.
Well done Que and nice capture on the gainers.
"Millionaires don't use astrology, billionaires do"
  • #84,649
  • May 27, 2008 4:42pm May 27, 2008 4:42pm
Quoting Que
And there it went. lost 2%. Not a big deal, Ill move on to the next one...
Yeah, I got sl of 69, like on ebay, I avoid round numbers and all. Just funny that way. Got 3 pips left.

WHERE'S LILMOE??
FUBAR...
  • #84,650
  • May 27, 2008 4:42pm May 27, 2008 4:42pm
Yikes you boys are long euros.
"Millionaires don't use astrology, billionaires do"
  • #84,651
  • May 27, 2008 4:43pm May 27, 2008 4:43pm
Quoting ak4x
That's creepy. Soon as you posted, price went down. The big dogs are reading our posts!! We better start speakin in code.

Seriously, agree with all. That's why my entry limit was hit. Was surprised to see you in essentially the same trade as me when you posted it.
No shit. I was thinking after I posted that, hmmmm this looks bad for the trade... lol
Que
  • #84,652
  • May 27, 2008 4:46pm May 27, 2008 4:46pm
Quoting OrionsWay
Yikes you boys are long euros.
Yes, I was long the Euro.

It had a good probibility to bounce 40 pips off that resistance line. It was not a long term trade, and I stick by my judgement.

Yes, I was also wrong, and yes I will long again around ~1.5630. I have had some very good hit rates trading the EU like this...
Que
  • #84,653
  • May 27, 2008 4:48pm May 27, 2008 4:48pm
E/U pending buy @ 1.5650 TP: 1.5725 SL: 1.5630
  • #84,654
  • May 27, 2008 4:49pm May 27, 2008 4:49pm
Quoting Que
No shit. I was thinking after I posted that, hmmmm this looks bad for the trade... lol
No worries, just try this next time. That'll show em, those sneaky big dogs...

(ps, that is NOT me btw)
Attached Image
FUBAR...
  • #84,655
  • May 27, 2008 4:49pm May 27, 2008 4:49pm
Quoting ak4x
No worries, just try this next time. That'll show em, those sneaky big dogs...

(ps, that is NOT me btw)
Que
  • #84,656
  • May 27, 2008 4:50pm May 27, 2008 4:50pm
my crapper is not compatible with euro



Quoting ak4x
Yeah, I got sl of 69, like on ebay, I avoid round numbers and all. Just funny that way. Got 3 pips left.

WHERE'S LILMOE??
  • #84,657
  • May 27, 2008 4:50pm May 27, 2008 4:50pm
Quoting Que
Yes, I was long the Euro.

It had a good probibility to bounce 40 pips off that resistance line. It was not a long term trade, and I stick by my judgement.

Yes, I was also wrong, and yes I will long again around ~1.5630. I have had some very good hit rates trading the EU like this...

ahh yea 40 pips a crack i wouldnt worry either. trade your game
"Millionaires don't use astrology, billionaires do"
  • #84,658
  • May 27, 2008 4:53pm May 27, 2008 4:53pm
Quoting OrionsWay
Yikes you boys are long euros.
i was thinking the same thing, 5637 is the FIRST target for euro.

1.45xx is the second
  • #84,659
  • May 27, 2008 4:54pm May 27, 2008 4:54pm
Quoting lilmoe
i was thinking the same thing, 5637 is the FIRST target for euro.

1.45xx is the second

Yea moeny to bemade MT shorting euros most definately

5509 might be a good op for a long swing
"Millionaires don't use astrology, billionaires do"
  • #84,660
  • May 27, 2008 4:54pm May 27, 2008 4:54pm
oh, and that thing about my crapper not compatible with euro, it's a lie



Quoting lilmoe
i was thinking the same thing, 5637 is the FIRST target for euro.

1.45xx is the second
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