Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 6263 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY, GBP/USD

Similar Threads

Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 replies

My MT4 indicators for Auslanco's strategy 92 replies

Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies

Questions About Auslanco's Trades 72 replies

Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
Exit Attachments

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

  • #125,241
  • Oct 23, 2008 1:55am Oct 23, 2008 1:55am
Oh thank you "Oh BE SL Guru"

Quoting lilmoe
by watching m1's PA around m30's 50ema.

we have a strong bearish HD on the 1h chart

it might be a while before we close above m30's 50ema.
  • #125,242
  • Oct 23, 2008 1:55am Oct 23, 2008 1:55am
Hope everyone sold on the run up. . .
It may retrace back up as long as its above 1hr gann hi/lo but all the charts I'm viewing says this bear market is not over just yet, mainly the monthly chart.

Rule of Thumb - Sell rallies in a bear market - Buy the retrace in a bull market. . .
  • #125,243
  • Oct 23, 2008 1:56am Oct 23, 2008 1:56am
Quoting lilmoe
by watching m1's PA around m30's 50ema.

we have a strong bearish HD on the 1h chart

it might be a while before we close above m30's 50ema.

btw, i give 50% credit to scrat for my scalping system, AND swing trades. i learned ALOT from this guy. and i really wonder where he's at right now, i haven't seen his posts for more than a week.

where are u scrat?
  • #125,244
  • Oct 23, 2008 1:58am Oct 23, 2008 1:58am
Quoting quecee5
Hope everyone sold on the run up. . .
It may retrace back up as long as it above 1hr gann hi/lo but all the charts I'm viewing says this bear market is not over just yet, mainly the monthly chart.

we MIGHT retest today's low again, but don't u think we've had enough?

there's a monthly channel that i posted earlier that should at LEAST suggest a bounce, and monthly chart bounces aren't something to take lightly

even if this is not the bottom we need to see things out of OS levels first to continue down, don't u think?
  • #125,245
  • Oct 23, 2008 1:58am Oct 23, 2008 1:58am
Hello guys

I am bit late for this ride up..Can you help me with the best entry.

Still newbee as you can see...
Work smart not hard
  • #125,246
  • Oct 23, 2008 2:00am Oct 23, 2008 2:00am
i love it when making 500-1000 pips a day just from scalps is easy.


reminder, this kind of market won't last forever!
  • #125,247
  • Oct 23, 2008 2:01am Oct 23, 2008 2:01am
Quoting Pirin
I'm thinking more like ~158 right now.
so far so good, but what's next ? 154 ?
  • #125,248
  • Oct 23, 2008 2:03am Oct 23, 2008 2:03am
I closed all my positions. It don’t move like I would it to move.
  • #125,249
  • Oct 23, 2008 2:04am Oct 23, 2008 2:04am
I stand aside. No Pattern - no trade

I have no clear pattern on 4 h chart, no bullish no bearish. I´ll keep my pouder dry. I hope, it will move up a bit, and give me a better short entry :-)

Beginning US session will be the key - again.
  • #125,250
  • Oct 23, 2008 2:04am Oct 23, 2008 2:04am
Quoting lilmoe
we MIGHT retest today's low again, but don't u think we've had enough?

there's a monthly channel that i posted earlier that should at LEAST suggest a bounce, and monthly chart bounces aren't something to take lightly

even if this is not the bottom we need to see things out of OS levels first to continue down, don't u think?
Agreed - but until I see 5 waves up and 3 waves down to confirm an uptrend, I'll sell every time. . .

We should not also take for granted that GJ has broken some historical support so why buy the carry trade long term when interest rates are being cut and will continue to be cut over the long term>

Why buy it when the world economy is going to hell in a hand basket?
Until we see the the equity market thaw out we will continue to see prices at all time lows. . .

Where is Markam when you need him. . .

Just my two cents. . .
  • #125,251
  • Oct 23, 2008 2:08am Oct 23, 2008 2:08am
Quoting lilmoe
i love it when making 500-1000 pips a day just from scalps is easy.


reminder, this kind of market won't last forever!
Agreed but there are newbies on this thread that don't have the expertise as you do. . . Lots of accounts are being blown with folks on this thread who haven't mastered that technique. . .
  • #125,252
  • Oct 23, 2008 2:12am Oct 23, 2008 2:12am
Thanks Q.
Work smart not hard
  • #125,253
  • Oct 23, 2008 2:13am Oct 23, 2008 2:13am
Quoting quecee5
Agreed but there are newbies on this thread that don't have the expertise as you do. . . Lots of accounts are being blown with folks on this thread who haven't mastered that technique. . .
agreed, that's why i always tell everyone not experience to go with the flow and disregard my scalping posts.

as i'm typing this, we closed below m5's 50ema, and broke an intraday TL. i should be adding another short if i get a good pullback, maybe to that TL.

i will, however, hold on to that last long i have from 157.70... things might decide to turn around at any time.

as we range we scalp, and as we trend we add to our positions. yesterday, london was ranging with just a small bit of lower lows, we might have the same PA this time during london. i don't play on giving away all these scalping pips.

btw, do u scalp?
  • #125,254
  • Oct 23, 2008 2:13am Oct 23, 2008 2:13am
wow...
what kind of technique did u use?
can u share it with us?
thx
Quoting lilmoe
i love it when making 500-1000 pips a day just from scalps is easy.


reminder, this kind of market won't last forever!
Money management is good for your health...
  • #125,255
  • Oct 23, 2008 2:14am Oct 23, 2008 2:14am
ok, added another short at .20 with 25 pip SL..
  • #125,256
  • Oct 23, 2008 2:15am Oct 23, 2008 2:15am
Quoting 13thheaven
wow...
what kind of technique did u use?
can u share it with us?
thx
hmmm, let me check the post where i explained that technique, just a sec...
  • #125,257
  • Oct 23, 2008 2:15am Oct 23, 2008 2:15am
Quoting lilmoe
i love it when making 500-1000 pips a day just from scalps is easy.


reminder, this kind of market won't last forever!
I have a big problem to place bigger than 5 standard lots in scalping modus ... it takes normally too long. Under 5 lots is normally fast ....

thanks ....
  • #125,258
  • Edited 3:01am Oct 23, 2008 2:17am | Edited 3:01am
Quite a number of you guys who kept posting are amazing! I can see the years of experience & dedication of you guys trading forex.



I'm one of those newbies who made money even without looking at charts initially & doesn't even know what was breakout (I traded becos my demo made money. Haha!), and lost big time since the bailout & lehman's news.

I learnt much about 'pro' trading through this thread, and there's still a long way to go for me.
  • #125,259
  • Oct 23, 2008 2:17am Oct 23, 2008 2:17am
Quoting lilmoe
hmmm, let me check the post where i explained that technique, just a sec...
ok, here it is.

http://www.forexfactory.com/showpost...stcount=124807
  • #125,260
  • Oct 23, 2008 2:22am Oct 23, 2008 2:22am
Quoting dogol
I have a big problem to place bigger than 5 standard lots in scalping modus ... it takes normally too long. Under 5 lots is normally fast ....

thanks ....
well that depends on the size of your account, so if u're using 5 lots i assume u have at least 100k in your balance.

i go for 2-5% on my scalping trades and risk anywhere between 1-4% of my account.

so for example if i have a 25 pip SL, that means 25 pips should add up to lets say 1% loss from my account. so if i have a 100k account my entry would be 4 lots. if my risk is 50 pips then my entry would be 2.

i usually enter 3 standard lots on my scalps. i close 1/1.5/2 lots at profit and the rest at b/e.

hope that helps
38 traders viewing now