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

  • #113,361
  • Sep 15, 2008 1:10am Sep 15, 2008 1:10am
ALso nice channel on EUR JPY with weekly pivot forming the upper trend line resistence.

Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy.gif Size: 15 KB
  • #113,362
  • Sep 15, 2008 1:15am Sep 15, 2008 1:15am
Quoting GBPJPYTrader
Hi Malcolm

Is there somewhere i can get hold of the spreadsheet you talk of (not so good on the equations). I would find it quite a useful tool as will other beginners to show ourselves that we dont have to capture all the pips in the world to make it happen, just need consistent results over time.

I quite often find myself up 50-100 pips for the day then continue to trade to get those few more pips (greed). Most of the time I end up in negative or breakeven which is very frustrating. I know now that if i can stay focused on capturing a handfull of pips per day then shutting up shop regardless, then by the end of the year i will have a very nice return.


Cheers
Hello GBPJPYTrader, here is a spread sheet that another trader once shared with me.... Don't let his weekly Goal Freak you out... he's basically a day trader and goes for 105 pips a day.... meaning 35 pips doing the Asian Session and 35 pips doing the US Session and finally 35 pips doing the London Session, which is how he gets the 105 pips per day... He only trades 3 times a week, so his weekly Goal would be 315 pips a week.

Gathering 35 pips at a time, using the GBP/JPY is very durable. Anyway, just thought I would pass along his spread sheet, which was given to me. Something else you can add to your trading tools.
Attached File(s)
File Type: xls Forex Trade Progress Sheet.xls   228 KB | 588 downloads
  • #113,363
  • Sep 15, 2008 1:18am Sep 15, 2008 1:18am
Quoting rgitt05
Goodbye 190.00

Hello 170.00

Do you really think that we will get to the 170.00 Level?
  • #113,364
  • Sep 15, 2008 1:21am Sep 15, 2008 1:21am
seeing a bounce off the 38.2 retrace fib of eurousd - 1.1659 - 1.6038 @ 1.4365



Doesnt look clear bounce but still a good support level and good RR.

tight stop.

Edit : Stopped out. sometimes u have the gut feeling that ur trade wont work
  • #113,365
  • Sep 15, 2008 1:29am Sep 15, 2008 1:29am
Another touch of the upper trandline of the channel i posted before on USD JPY @ 105.85.
  • #113,366
  • Sep 15, 2008 1:39am Sep 15, 2008 1:39am
can I know where can I know the instantly forex news?
  • #113,367
  • Sep 15, 2008 1:47am Sep 15, 2008 1:47am
Question guys.

How come trading is closed in AU?

B
  • #113,368
  • Sep 15, 2008 1:49am Sep 15, 2008 1:49am
www.tradethenews.com gives live news feed if u subscribe and their news service is top quality. u can try a 7 day free trail with them, saphirre
  • #113,369
  • Sep 15, 2008 1:52am Sep 15, 2008 1:52am
Quoting bigcoupe
Question guys.

How come trading is closed in AU?

B
It is not closed. I have a trade open in AUD/JPY and it is working perfectly accept for that it is going nowhere yet.

Orca
New voice message: Why are you calling me? If I need you, I'll call you!
  • #113,370
  • Sep 15, 2008 1:56am Sep 15, 2008 1:56am
Quoting bigcoupe
Question guys.

How come trading is closed in AU?

B
Session finished about an hour ago (4pm Aus time).
  • #113,371
  • Sep 15, 2008 1:58am Sep 15, 2008 1:58am
Quoting iksh
www.tradethenews.com gives live news feed if u subscribe and their news service is top quality. u can try a 7 day free trail with them, saphirre
thx so much~
  • #113,372
  • Sep 15, 2008 2:03am Sep 15, 2008 2:03am
Quoting NuckingFuts
Session finished about an hour ago (4pm Aus time).
Oh man....

Thank you. Didnt realize it was that late I guess. I thought I was going Nucking Futs ;-)

B
  • #113,373
  • Sep 15, 2008 2:25am Sep 15, 2008 2:25am
Quoting bigcoupe
Oh man....

Thank you. Didnt realize it was that late I guess. I thought I was going Nucking Futs ;-)

B


No probs mate.
  • #113,374
  • Sep 15, 2008 2:49am Sep 15, 2008 2:49am
Quoting SapphireBlue
can I know where can I know the instantly forex news?

Hi... you can search for RTT NEWS Web and download the Desk alert...
hope this can help you..
  • #113,375
  • Sep 15, 2008 2:52am Sep 15, 2008 2:52am
Quoting worlhin
Hi,

Just wondering anyone using FXCM Micro?
I just open an account with them as they advertised the spread of GJ is just 4 pips.
The bad news is most of the time the spread is around 11-14 pips, way above the spread provided by other broker (even there is no news release).
My previous broker offer very consistent 8pips spread for GJ.
Just reference, anyone have spread lower than this?
My experience with FXCM was that they were very dishonest in more ways than one. I am with FX Solutions now, I like them a lot so far & I like it that my stops are not routinely & mysteriously taken out Spread on GY is 9 pips, not the best but then it did not move higher at last nights open when others were reporting spreads of 20+. Executions are fast and so is funding & withdrawals.
  • #113,376
  • Sep 15, 2008 2:53am Sep 15, 2008 2:53am
hello and good morning
''Art is making something out of nothing and selling it'' Frank Zappa
  • #113,377
  • Sep 15, 2008 2:53am Sep 15, 2008 2:53am
Quoting GBPJPYTrader
Hi Malcolm

Is there somewhere i can get hold of the spreadsheet you talk of (not so good on the equations). I would find it quite a useful tool as will other beginners to show ourselves that we dont have to capture all the pips in the world to make it happen, just need consistent results over time.

I quite often find myself up 50-100 pips for the day then continue to trade to get those few more pips (greed). Most of the time I end up in negative or breakeven which is very frustrating. I know now that if i can stay focused on capturing a handfull of pips per day then shutting up shop regardless, then by the end of the year i will have a very nice return.


Cheers
I posted this a while back, here it is again .. you can change pip amount, lot size amount and see what happens.
Attached File(s)
File Type: xls PipCalc.xls   74 KB | 406 downloads
  • #113,378
  • Sep 15, 2008 2:54am Sep 15, 2008 2:54am
where are dem crapper boys, karmo, lilmo, etc. why eveyone so quiet
  • #113,379
  • Sep 15, 2008 3:00am Sep 15, 2008 3:00am
Quoting TraderStar
My experience with FXCM was that they were very dishonest in more ways than one. I am with FX Solutions now, I like them a lot so far & I like it that my stops are not routinely & mysteriously taken out Spread on GY is 9 pips, not the best but then it did not move higher at last nights open when others were reporting spreads of 20+. Executions are fast and so is funding & withdrawals.
FX Solutions does accept cc, I had my account funded within 2 hours, now if I want to add funds, it can take less than 20 minutes!
  • #113,380
  • Sep 15, 2008 3:01am Sep 15, 2008 3:01am
Quoting ephisi
where are dem crapper boys, karmo, lilmo, etc. why eveyone so quiet
Everyone seemed to disappear around London open .. maybe they are busy scalping their little hearts out...
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