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

  • #97,401
  • Jun 26, 2008 8:53pm Jun 26, 2008 8:53pm
Quoting Clouds
i am not good enough trader to trade yen pairs, i always lose money on them, so i will never trade them again. i do well on eu and gu, but that's only pairs ill ever trade again, i lost half my account today on stupid yen pairs, and i have only 250$ anymore
Dont give up man. Up to a year ago I had lost 30k on these fricking yen pairs. I did just that and consentraded on the less volitile pairs and have since made up more than half of what I have lost. I do what Infininty just said and just do very small lots on the yen pairs and have become alot more confident. And please only do 2 to 3 % on the yen pairs with smart stop loss so u live to trade again.
  • #97,402
  • Jun 26, 2008 9:29pm Jun 26, 2008 9:29pm
Quoting Clouds
No more dips, until my TP 213.5..
please. i have some red longs right now
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #97,403
  • Jun 26, 2008 9:53pm Jun 26, 2008 9:53pm
this hourly 50 ema is proving tough right now
TRIALS THAT SHAKE SOME, CONFIRM OTHERS!
  • #97,404
  • Jun 26, 2008 10:04pm Jun 26, 2008 10:04pm
Quoting moneymagnet
this hourly 50 ema is proving tough right now
DP, 50 ema, 1hr gann, and 4hr 5sma all in the same place.
  • #97,405
  • Jun 26, 2008 11:55pm Jun 26, 2008 11:55pm
kinda quiet in here tonight. where's everyone?
Nihil Sine Deo.
  • #97,406
  • Jun 27, 2008 12:03am Jun 27, 2008 12:03am
Quoting Scrat
kinda quiet in here tonight. where's everyone?
spending all those pips they made this week.
  • #97,407
  • Jun 27, 2008 12:05am Jun 27, 2008 12:05am
Quoting alsup1955
Dont give up man. Up to a year ago I had lost 30k on these fricking yen pairs. I did just that and consentraded on the less volitile pairs and have since made up more than half of what I have lost. I do what Infininty just said and just do very small lots on the yen pairs and have become alot more confident. And please only do 2 to 3 % on the yen pairs with smart stop loss so u live to trade again.


Everywhere i read it is said not to use more than 2% in a transaction or a pair. Do you guys refer to the margin utilisation ?
so if you have 10.000 usd you should have a maximum of 2 lots of 10.000 ?

Thanks
  • #97,408
  • Edited 12:25am Jun 27, 2008 12:08am | Edited 12:25am
Quoting kairos
Everywhere i read it is said not to use more than 2% in a transaction or a pair. Do you guys refer to the margin utilisation ?
so if you have 10.000 usd you should have a maximum of 2 lots of 10.000 ?

Thanks
say you start with $1000 2% is $20. so with a mini lot a 20 pip stop loss is a 2% risk or 2 mini lots at 10 pip stop loss etc
  • #97,409
  • Jun 27, 2008 12:21am Jun 27, 2008 12:21am
Quoting Evilgoat
say you start with %1000 2% is $20. so with a mini lot a 20 pip stop loss is a 2% risk or 2 mini lots at 10 pip stop loss etc
Careful bout that advise Evilgoat, you have to take into account what pair you're trading and what's your funding currency. Usually trading usd/jpy with mini lots 1 pip is worth about $0.935 on an account funded using USD. but that can change drastically. EUR/GBP pippage is generally worth about 2x /jpy pairs and if you're trading gold then a 20 pip SL mini order will definitely blow you out of the water. Hell you probably wouldn't even be allowed to hold that much gold on your USD1k margin.

Do the maths yourself or use a pip calculator (there are many on the internet) to find out how much risk there is per pip for your positions.
  • #97,410
  • Jun 27, 2008 12:27am Jun 27, 2008 12:27am
Quoting Eulogy
Careful bout that advise Evilgoat, you have to take into account what pair you're trading and what's your funding currency. Usually trading usd/jpy with mini lots 1 pip is worth about $0.935 on an account funded using USD. but that can change drastically. EUR/GBP pippage is generally worth about 2x /jpy pairs and if you're trading gold then a 20 pip SL mini order will definitely blow you out of the water. Hell you probably wouldn't even be allowed to hold that much gold on your USD1k margin.

Do the maths yourself or use a pip calculator (there are many on the internet) to find out how much risk there is per pip for your positions.

yes I know but I was just giving an example of the math. 20 pip stop might be ok for scplaing E/U. but you'd get bashed on geppy
and to do quick math I arvg a pip to be a $1 because a few cents off doesn't matter that much to me.
  • #97,411
  • Jun 27, 2008 12:34am Jun 27, 2008 12:34am
Quoting Clouds
i am not good enough trader to trade yen pairs, i always lose money on them, so i will never trade them again. i do well on eu and gu, but that's only pairs ill ever trade again, i lost half my account today on stupid yen pairs, and i have only 250$ anymore

Patience bro, last month I make around 900 pips when GJ up and down. Yesterday I increase my account with GJ near 50%. Why ...

1. Near 5 years I trade this beast so I can know the pattern when it want to going to north or south. (Near 80% accurate)

2. Second - PM me I will inform you the second secret with you.
  • #97,412
  • Jun 27, 2008 12:41am Jun 27, 2008 12:41am
You gotta love days like these..high hopes for london. Just looking for a continuation or New York moves..pick your pair.
  • #97,413
  • Jun 27, 2008 12:58am Jun 27, 2008 12:58am
some say that gbp/jpy is going down today.... what do u all think????
" Good things come to those who wait " ( bon jovi 'santa Fe' )
  • #97,414
  • Jun 27, 2008 1:04am Jun 27, 2008 1:04am
Quoting PandoraBox
Patience bro, last month I make around 900 pips when GJ up and down. Yesterday I increase my account with GJ near 50%. Why ...

1. Near 5 years I trade this beast so I can know the pattern when it want to going to north or south. (Near 80% accurate)

2. Second - PM me I will inform you the second secret with you.
Hi, I'm back, Thanks everyone for encouragement. I'm in two good trades right now, BE stops, Eur/aud, and gbp/aud shorts. Will PM ul later, Thanks.
  • #97,415
  • Jun 27, 2008 1:04am Jun 27, 2008 1:04am
5y ago, the most volatile is :

First - GU
Second GJ and GC

but Now

The most volatile and dangerous is

The beast - GJ

If GU we can call it as CABLE, how about we call GJ as BEAST
  • #97,416
  • Jun 27, 2008 1:05am Jun 27, 2008 1:05am
Thank you guys for feedback.
  • #97,417
  • Jun 27, 2008 1:06am Jun 27, 2008 1:06am
Quoting Clouds
Hi, I'm back, Thanks everyone for encouragement. I'm in two good trades right now, BE stops, Eur/aud, and gbp/aud shorts. Will PM ul later, Thanks.

No problem bro, One day GJ will be in you hand.
  • #97,418
  • Jun 27, 2008 1:09am Jun 27, 2008 1:09am
HELLS YEA BABY ...PIPS TO ALL!!!!!
  • #97,419
  • Jun 27, 2008 1:17am Jun 27, 2008 1:17am
GJ is a BEAST.....
" Good things come to those who wait " ( bon jovi 'santa Fe' )
  • #97,420
  • Jun 27, 2008 1:23am Jun 27, 2008 1:23am
Quoting Lost_angles
GJ is a BEAST.....
Then what do you call G/C?
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