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

  • #140,521
  • Nov 21, 2008 6:42am Nov 21, 2008 6:42am
we have strong tweezer on M30 chart ,so the gbpjpy is in selling off stage.
I always knew that someday I would make it big
  • #140,522
  • Nov 21, 2008 6:43am Nov 21, 2008 6:43am
everything going smoothly as expected, closed shorts at m15 50ema for 160 pips, and went for a long at 141.30. with a stop below 141.

here's the MACD indicator i use. i recently discovered that setting the input to 12,26,9 gives better and cleaner readings, and it's still faster and wayyyyy better than standard MACD.

Attached File(s)
File Type: ex4 MACD Adjustable.ex4   4 KB | 302 downloads

Attached File(s)
File Type: mq4 MACD Adjustable.mq4   4 KB | 336 downloads
  • #140,523
  • Nov 21, 2008 6:46am Nov 21, 2008 6:46am
Quoting forexer
have just shorted the pair at 142.00 targeting 140.70

warning: don't follow me i'm speculating aggressively
great job as always bro, lol! j/k

that was a pullback to add longs.

i closed half of my long at 141.30 for 70 pips, rest at b/e
  • #140,524
  • Nov 21, 2008 6:46am Nov 21, 2008 6:46am
Quoting Dr.Geppynius
if you had not overleveraged it, you would not have blown it.

appropriate setting is 1% risk a trade, translating into:

usd 10k acc
trading 5 minilots
stop size = 20 pips, because 0,5 lots * 20 pips = 100 usd.

ovelveraging is the root of all evil, esspecially for beginners.

well said bro, good MM =trading leveraged Markets successfully
I always knew that someday I would make it big
  • #140,525
  • Nov 21, 2008 6:48am Nov 21, 2008 6:48am
Quoting dialpips
identifying these tops and bottoms a bit difficult and unpredictable, especially to newbies. can you help in this area.

i just blew my a/c. left trade overnight withouth sl.
i have nothing to tell u to make u feel better. i hope this is just ur first account.

overleveraging with no SL is broker dream come true.
  • #140,526
  • Nov 21, 2008 6:49am Nov 21, 2008 6:49am
took profit on my scalp short when i saw good buying interest.
  • #140,527
  • Nov 21, 2008 6:50am Nov 21, 2008 6:50am
been there a couple of weeks ago, now with my new account invested a bit more, yet still trade a max of 5 micro lots. This is on a 5K account.

And with the help of what I've been reading here all is going according to plan.

Thanks Lilmoe and crowd
Enter Signature
  • #140,528
  • Nov 21, 2008 6:52am Nov 21, 2008 6:52am
Quoting lilmoe
great job as always bro, lol! j/k

that was a pullback to add longs.

i closed half of my long at 141.30 for 70 pips, rest at b/e
i dont get u
why do u close ur longs then?
  • #140,529
  • Nov 21, 2008 6:52am Nov 21, 2008 6:52am
142.60 is my resistance value.
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #140,530
  • Nov 21, 2008 6:52am Nov 21, 2008 6:52am
Quoting forexer
we have strong tweezer on M30 chart ,so the gbpjpy is in selling off stage.
selling 143 was the thing to do. bullish HD on m15 and 5m suggest retest of that area, try shorting from there again when we get there with a tight stop.

if 143.20 is taken out this will take off, and say bye bye to shorts.
  • #140,531
  • Nov 21, 2008 6:53am Nov 21, 2008 6:53am
Quoting arezab
of course
is it just crossing above or the candle closing above the 34 ema for the long to be valid.
  • #140,532
  • Nov 21, 2008 6:53am Nov 21, 2008 6:53am
Quoting xoiper
i dont get u
why do u close ur longs then?


read my post again.... no comment.
  • #140,533
  • Nov 21, 2008 6:55am Nov 21, 2008 6:55am
Quoting johninthai
been there a couple of weeks ago, now with my new account invested a bit more, yet still trade a max of 5 micro lots. This is on a 5K account.

And with the help of what I've been reading here all is going according to plan.

Thanks Lilmoe and crowd
when r u gonna make somr money?
use atleast 1mini 2% ur balance
  • #140,534
  • Nov 21, 2008 6:55am Nov 21, 2008 6:55am
15min close under 142 may see 140.50 being retested
Timing is everything
  • #140,535
  • Nov 21, 2008 6:55am Nov 21, 2008 6:55am
cable broke out of an ascending TL, GJ should follow at some point.

the bearish HD on cable 1h charts suggest a retest of that broken TL... and a close above 4h gann should give us more bullish momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: cable_4h_breakout.gif Size: 13 KB
  • #140,536
  • Nov 21, 2008 6:57am Nov 21, 2008 6:57am
Quoting xoiper
when r u gonna make somr money?
use atleast 1mini 2% ur balance
give the guy a break. he's doing the right thing.

this is not only a game of making money, this is a game of STAYING in.
  • #140,537
  • Nov 21, 2008 6:58am Nov 21, 2008 6:58am
Quoting lilmoe


read my post again.... no comment.
i dont want to read ur post again because i does not make sense how come u close longs u have in level u adding longs in it too
  • #140,538
  • Nov 21, 2008 6:58am Nov 21, 2008 6:58am
dunno, he probably doesn't believe in partial profit.

bro, if it wasn't for partial pofit, i would probably be doing MUCH worse by now.......

good MM is the best thing to do. some people to comprehend that.
  • #140,539
  • Nov 21, 2008 6:59am Nov 21, 2008 6:59am
i m still with bear with shorts on
  • #140,540
  • Nov 21, 2008 6:59am Nov 21, 2008 6:59am
Quoting xoiper
when r u gonna make somr money?
use atleast 1mini 2% ur balance
Well mate, after blowing two accounts I am taking it very easy till I feel confident enough. But for now happy, as account grows I'll move on up the ladder and start using a mini lot.

Better one bird in the hand then ten in the sky.
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