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

  • #97,081
  • Jun 26, 2008 2:48am Jun 26, 2008 2:48am
Quoting GodfreyH
Sorry for the delay Tia, I've been spending less time on the thread these days.

Lilmoe has a strategy that works well on gbp/usd and eur/usd. You can just do a posting search and you should find his system.
Thanks Godfrey, I'll check it out. This thread seems to have changed character a lot recently, but I still learn a lot from ploughing through the first thousand or so posts.
  • #97,082
  • Jun 26, 2008 2:49am Jun 26, 2008 2:49am
Quoting kairos
I have a few questions.

1. witch is a good way to start learning forex.
2. how much you should demo ?
3. how much time do you need, to start being profitable
4. witch pairs would be easier to start with ?
GBP/JPY seems very volatile. how about GBP/USD ?
5. witch indicators (technical) should you start with ?

Sorry if this post doesn't belong here.

Thanks for help in advance.
I will want u to go to www.babypips.com
Secondly, make sure u demo trade for at least many months
lastly, look for a broker that has micro account to begin with when u are going live.
God bless u
  • #97,083
  • Jun 26, 2008 2:57am Jun 26, 2008 2:57am
Bullish continuation pattern at M15

M30- 2 minutes
  • #97,084
  • Jun 26, 2008 3:09am Jun 26, 2008 3:09am
Quoting uncletrumpet
I will want u to go to www.babypips.com
Secondly, make sure u demo trade for at least many months
lastly, look for a broker that has micro account to begin with when u are going live.
God bless u

I've already went to www.babypips.com and got the basics.
Now i am trying to implement a system and stick to the system since i'm on demo style

and i'm still looking for a pair, for now eur/usd gbp/jpy gbp/usd.
haven't really decide it yet.

thanks
  • #97,085
  • Jun 26, 2008 3:12am Jun 26, 2008 3:12am
Quoting mmccormac
Trade very low risk/margin, find a major trend off the weekly/daily charts, trade in the direction of the major trend, buy on dips if it's an up trend, sell on spikes if it's in a down trend.

The key is simplicity (which you won't find in forums: people think there is a magical indicator or way to trade so they add a 100 lines on their chart to make the picture more "clear").

Rule number #1: Money Management

Rule number #2: Simplicity and trade with the trend

Rule number #3: Don't listen to 99% of the people in forums because everyone is an expert here... Even the traders who only use demo accounts. This should probably be rule number one.

I think this rules works in every market you said a lot of things in a few words
Thanks
  • #97,086
  • Jun 26, 2008 3:12am Jun 26, 2008 3:12am
Quoting kairos
I've already went to www.babypips.com and got the basics.
Now i am trying to implement a system and stick to the system since i'm on demo style

and i'm still looking for a pair, for now eur/usd gbp/jpy gbp/usd.
haven't really decide it yet.

thanks
Log out of here and go to the beginners section of the forum
  • #97,087
  • Jun 26, 2008 3:16am Jun 26, 2008 3:16am
Morning guyz

Here is what i see ( b/w i'm not mad )

U/J: 109.00/10
G/J: 217.20/30
E/U: 1.5400/20

Good luck
  • #97,088
  • Jun 26, 2008 3:22am Jun 26, 2008 3:22am
Quoting Srikanth
Morning guyz

Here is what i see ( b/w i'm not mad )

U/J: 109.00/10
G/J: 217.20/30
E/U: 1.5400/20

Good luck

How about 220
  • #97,089
  • Jun 26, 2008 4:09am Jun 26, 2008 4:09am
Quoting PandoraBox
How about 220
How about 202
Helping the philosophically challenged
  • #97,090
  • Jun 26, 2008 4:15am Jun 26, 2008 4:15am
Quoting triq03
How about 202
Neither one would surprise me.....
  • #97,091
  • Jun 26, 2008 4:18am Jun 26, 2008 4:18am
Quoting triq03
How about 202

IMO - now we are in wave 3 bro ( Daily TF)
  • #97,092
  • Jun 26, 2008 5:07am Jun 26, 2008 5:07am
213.50 is a tough cookie
Trade what you see, not what you think.
  • #97,093
  • Jun 26, 2008 5:09am Jun 26, 2008 5:09am
Nah, it's one of those soft, mushy cookies (drools)

it will chew it up soon
  • #97,094
  • Jun 26, 2008 5:12am Jun 26, 2008 5:12am
the book that changed my life was "trading for a living", by alexander elder. you can even find a trading method there - "triple screen".

Quoting kairos
I've already went to www.babypips.com and got the basics.
Now i am trying to implement a system and stick to the system since i'm on demo style

and i'm still looking for a pair, for now eur/usd gbp/jpy gbp/usd.
haven't really decide it yet.

thanks
Nihil Sine Deo.
  • #97,095
  • Jun 26, 2008 5:13am Jun 26, 2008 5:13am
Quoting Petefaders
I saw the G/J go up in my dream when I took a nap, and the one min chart just did EXACLY what I saw!!!!!! The big candle with a few pumps after hitting 213.50 ..I swear!

well people have issued calls based on anything from astrological signs to Jungian psychology to the Mayan calendar, to phases of the moon, to so-called wave patterns that presumably represent universal constants..

trading on a dream would hardly surprise
  • #97,096
  • Jun 26, 2008 5:17am Jun 26, 2008 5:17am
Quoting eric_charbon
Anyone has an opinion on ej atm.

yes, I posted my opinion like 300-400 pips lower than where it stands now (search my posts)

up, up and awayyy

nothing has changed IMO, still a long way to go
  • #97,097
  • Jun 26, 2008 5:17am Jun 26, 2008 5:17am
Karmo, momentum on Daily seems flat and 4 hr looks kinda exhausted any significance of that or is it just that I am seeing things/.
  • #97,098
  • Jun 26, 2008 5:23am Jun 26, 2008 5:23am
Everyone is desperatly trying to bring the Carry trade back on GJ unbeleivable.
  • #97,099
  • Jun 26, 2008 5:24am Jun 26, 2008 5:24am
Quoting forexmoments
Geppy HAS to come down sooner or later.

according to....which rule?

people don't get stuck chasing the shorts. I know they look and feel great when you catch one, cause they are so fast and deep, and it makes one feel like such a hot shot trader when they ride a down wave. It matches many new joiner's dreams of forex as a way to turn 1k into 100k in a week etc etc.

Whereas up trends move gradually and slooooowly most of the time..edging up little by little, with long and frustrating consolidation periods in between where expectations of "oooh, that's it, it's finally ran out of steam and getting ready to plunge" build up..

...before you realise it, the pair has krept up hundreds of pips. Look at E/Y, notice how it hasn't given shorts ANY break since 161s. Not even one tiny break to get out of shorts with a profit, and now it's 800 pips higher and climbing
  • #97,100
  • Jun 26, 2008 5:28am Jun 26, 2008 5:28am
Looks like UJ and GJ connection has gone broken too wow!. GU is now driving GJ man this pair is really something totally directionless
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