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

  • #126,361
  • Oct 25, 2008 8:56am Oct 25, 2008 8:56am
Quoting pkimnyc
hey karmo,
how do you feel bro?
slept well?
Hey bro,

Actually I got sick, went to the doctor and feeling a bit better now
Trade what you see, not what you think.
  • #126,362
  • Oct 25, 2008 9:00am Oct 25, 2008 9:00am
Quoting karmostaji
Hey bro,

Actually I got sick, went to the doctor and feeling a bit better now
hope you stay in good health bro.
good to hear you fell better.

cheers.
  • #126,363
  • Oct 25, 2008 9:13am Oct 25, 2008 9:13am
Quoting lilmoe
that wont be happening soon, trust me.

ladies and gentlemen, welcome to HELL
Thanks, HELL seems cool

How are you sir? lol
Trade what you see, not what you think.
  • #126,364
  • Oct 25, 2008 9:16am Oct 25, 2008 9:16am
Quoting VishalJ
Either karmo's passed out with bliss.. or he's not home trading (in which case be prepared for a lot of cuss words..)
lol There is always tomorrow, plus I'm not greedy

Money is good but my health is more important
Trade what you see, not what you think.
  • #126,365
  • Oct 25, 2008 9:17am Oct 25, 2008 9:17am
Quoting lilmoe
half way through already

i'm not kidding.
Karmo is next to you
Trade what you see, not what you think.
  • #126,366
  • Oct 25, 2008 9:17am Oct 25, 2008 9:17am
Quoting karmostaji
lol There is always tomorrow, plus I'm not greedy

Money is good but my health is more important
  • #126,367
  • Oct 25, 2008 9:22am Oct 25, 2008 9:22am
Quoting quecee5
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. . .
Actually, I am no longer bearish on GJ. Since the US went off the gold standard, and countries depegged from the dollar, currency fluctuations have been the result of individual countries booms and busts, which are matched by the strength or weakness of their currencies.

Over the past year we have seen the collapse of the dollar. Now over the past few months, we have seen the apparent rebirth of the dollar. However, in actuality, what we have seen is the destruction of every other currency (except the yen of course), as they sink down to the level of the dollar.

At this point, I don't expect to see any major shifts in currency ratios moving forward. Instead, I expect to see lots of erratic movements and a system which becomes more and more disfunctional as we approach the complete collapse of the global fiat currency system. Based upon the speed at which things have been moving, I expect that collapse to occur much faster than anyone could possibly expect.

I will probably keep trading for fun, but I believe that I have lost my crystal ball for predicting the future movements of currencies. I may just cash out and invest in bullets.
  • #126,368
  • Oct 25, 2008 9:29am Oct 25, 2008 9:29am
Good to see You on the blog, Karmo!!! Health is very important!
Quoting karmostaji
You made fun of my bearishness but I was right about it the whole time lol

Let's hope Orions account didn't blow up.
  • #126,369
  • Oct 25, 2008 9:33am Oct 25, 2008 9:33am
Quoting karmostaji
You made fun of my bearishness but I was right about it the whole time lol

Let's hope Orions account didn't blow up.
I think it did .....

luckily i was short right off 160 and thought that I was doing well in asain session with 600 in the bank ...lol ..... closed trade before bed as I always sleep better with no trades open.

I played the upside of the market Friday playing the dips on the 5 min charts for 100 - 200 pips per time and racked up another several hundred pips in gu and gj ... as both charts were in strong up trends on the 15 min .

have a great weekend Karmo ... and a restful one.
Blogging daily now at www.volume.zone
  • #126,370
  • Edited Oct 26, 2008 1:23am Oct 25, 2008 9:33am | Edited Oct 26, 2008 1:23am
We are all encouraged to apply money management to our trades, but occasionally in the heat of the moment that is easier said than done.

So, we have to impose discipline on ourselves, I am therefore posting this money management script with screenshots and commentary below, particularly for the guy that lost $13,000 in the market last week.

The code is self expanatory, but the most important thing to remember is that this code calculates your lot size based on:

A) percentage risk which you input (default 2%)
B) Stop loss size. This may be either:
(i) A pip amount (default is 30 pips)
(ii) A specific price.

The script is placed in the /experts/scripts/ folder. There are 2 scripts one for longs and one for shorts.

So instead of clicking on [NEW ORDER] on the menu, you double click(or drag and drop) the script, and the screenshots below show the process.

You can use the MT editor to modify default stop loss and default risk (2%) to suit your profile, and in order not to have to change any of the settings when you want to make an order quickly. (Notice I have a 30 pip and a 50 pip setting)



The slippage has been placed at 4 pips, which means price cannot deviate by more than that amount (otherwise you would get a requote).

Hope this is useful.

EDIT: For this script to work [Enable Live trading ] has to be enabled from the menu item: tools-options-ExpertAdvisors
Attached Image(s) (click to enlarge)
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Attached File(s)
File Type: mq4 mm_autobuy_30pip.mq4   2 KB | 340 downloads
File Type: mq4 mm_autosell_30pip.mq4   2 KB | 322 downloads
  • #126,371
  • Oct 25, 2008 9:35am Oct 25, 2008 9:35am
Quoting karmostaji
lol There is always tomorrow, plus I'm not greedy

Money is good but my health is more important
Get well soon Karmo
  • #126,372
  • Oct 25, 2008 10:13am Oct 25, 2008 10:13am
http://www.thestreet.com/story/10444...s-of-cash.html

that is AIg story .. it only has 8 weeks to go before likely being bought out


if 151. area hold on gj .... and note the declining volume coming into this area ..... we are going to see downside of 138 , but more liekly 100 % fib extension to 130 .

Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #126,373
  • Edited 11:27am Oct 25, 2008 11:08am | Edited 11:27am
What is the actual price in gpbjpy right now ? I do not if going up or down after the off trading .tried gap trading for the first time here .

fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #126,374
  • Oct 25, 2008 11:09am Oct 25, 2008 11:09am
Hello Everyone.

having a great weekend?

Could anyone be so kind to tell me where i can get the fibo retracement. Is it on this thread anywhere?

Thanx in advance.
Mediocrity is costly, contentment is great gain.
  • #126,375
  • Oct 25, 2008 11:13am Oct 25, 2008 11:13am
wow.. I had this trendline since march and look... to the pip... sometimes is good to leave trendlines for months on your charts
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  • #126,376
  • Oct 25, 2008 11:19am Oct 25, 2008 11:19am
Nice chart emda, adds weight to the theory we're going to see a rally early next week, the daily pin is well positioned and nicely sized against the downtrend.
Attached Image
Money & Pain Respect the market, protect your capital, be patient
  • #126,377
  • Oct 25, 2008 11:22am Oct 25, 2008 11:22am
Quoting emda
wow.. I had this trendline since march and look... to the pip... sometimes is good to leave trendlines for months on your charts
wow, you rock emda.
  • #126,378
  • Oct 25, 2008 11:23am Oct 25, 2008 11:23am
Quoting emda
wow.. I had this trendline since march and look... to the pip... sometimes is good to leave trendlines for months on your charts
so, i guess it may just bounce up and then down again or what do you see?

am just a noob, still learning to read the charts.
Mediocrity is costly, contentment is great gain.
  • #126,379
  • Edited 11:38am Oct 25, 2008 11:25am | Edited 11:38am
Quoting karmostaji
Thanks, HELL seems cool

How are you sir? lol

hey there big guy, how's the weekend? i personally love to go to sleep without thinking that i'm going to miss out on action. i hope u didn't miss all the action friday.


geez who thought we'll have a 2000 pip drop in 1 day (8 hours actually) after a 2 day 2000 pip drop. just insane. i personally didn't expect things to go down that fast without a retracement, i'm sure it was a surprise to all. and that 1100 pip pullback which i don't even call it a retracement. out of words.

this is wild, no intraday or daily technicals would work, u need to look at the weekly chart or above to figure out a bottom, but i gave up on that. i have a couple of charts that i will post later. obaidah has posted some interesting stuff though. it's the weekend, i'll enjoy things around before coming back to work (forex)
  • #126,380
  • Oct 25, 2008 12:56pm Oct 25, 2008 12:56pm
Hi

i had a dream that geppy was on 0 (zero)

My fridays shorts was sucks, fridays are tricky lately.
This is what i see now.

261.8% target has been hit,momentums divergence and stoch gone down so we should see downmove soon
Hard to say whether will be new low or only correction of this wave up.
StochRSI 3H shows small uptrend is coming.

Posibly drop to 145 then up to 3H EMA 34
I will follow the breakout as usual
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