Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 7054 | 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)

  • #141,061
  • Nov 23, 2008 12:25pm Nov 23, 2008 12:25pm
Well, here's my simple analysis based on concepts in the James16 thread. An inside bar has formed on the daily off of support, which means consolidation with a possible breakout. If we break up, I can see price going to the 145 to 148 areas. If this is yet another weak countertrend rally, price ain't getting no higher than 148, which is the same place it stalled on the 19th.

If the bear camp is still in business, 133 to 131 is the next level of support on the weekly chart. Whether up or down, I want to make some pips. We're all learning from each other, so let's go forward and do this "thang".

Peace.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pound_yen_daily.gif Size: 14 KB
Click to Enlarge Name: pound_yen_weekly.gif Size: 24 KB
"Don't trade to trade . . . trade to win." - James16
  • #141,062
  • Nov 23, 2008 12:26pm Nov 23, 2008 12:26pm
Quoting Dr.Geppynius
142.82
my scalp starts with a short ( refer the chart i just posted )
  • #141,063
  • Nov 23, 2008 12:26pm Nov 23, 2008 12:26pm
Quoting avani
or i give you the honor to analyze this chart so that i can understand you better
ok, you posted a chart...


Now analyze it and we will tell you what we see....
  • #141,064
  • Nov 23, 2008 12:42pm Nov 23, 2008 12:42pm
Quoting Dr.Geppynius
i'd pretty much consider a stoploss of 1% for a beginner, since there are much traps to fall into and experiences to be made. 10 losses in a row and 30% of the equity is gone.

if you lose your money, you lose your main tool. you have to protect it like an army it's soldiers
Good advice but the funny thing that usually happen were it reverse after it struck your sl
  • #141,065
  • Nov 23, 2008 12:44pm Nov 23, 2008 12:44pm
Quoting gagakrimba
Good advice but the funny thing that usually happen were it reverse after it struck your sl
If that happens, then your entry was weak....
The entry should most likely have been where your stop loss was sitting.
  • #141,066
  • Nov 23, 2008 12:47pm Nov 23, 2008 12:47pm
Quoting gagakrimba
Good advice but the funny thing that usually happen were it reverse after it struck your sl
you have to choose a reasonable stop depending on what your timeframe and goal is, and not a fixed stop like 100 pips.
adjust the position size according to the stop size which you would need for it to be safe and not a target. never place the stop exactly on a previous high/low, always a decent amount away from that to not become a victim of stop hunting by spikes. your stop should be placed where it does not get hit and not as an offer to marketmakers to collect it.
going through the charts in hindsight might give a good clue
  • #141,067
  • Nov 23, 2008 12:49pm Nov 23, 2008 12:49pm
Quoting Dr.Geppynius
you have to choose a reasonable stop depending on what your timeframe and goal is, and not a fixed stop like 100 pips.
adjust the position size according to the stop size which you would need for it to be safe and not a target. never place the stop exactly on a previous high/low, always a decent amount away from that to not become a victim of stop hunting by spikes. your stop should be placed where it does not get hit and not as an offer to marketmakers to collect it.
going through the charts in hindsight might give a good clue
Excellent advice. Then take partial profit and trail that stop loss....
  • #141,068
  • Nov 23, 2008 12:51pm Nov 23, 2008 12:51pm
Quoting ovaforty
ok, you posted a chart...


Now analyze it and we will tell you what we see....
i invited you and already posted my scalp at 142.96 in the earlier post.
  • #141,069
  • Nov 23, 2008 12:55pm Nov 23, 2008 12:55pm
Quoting avani
i invited you and already posted my scalp at 142.96 in the earlier post.
I know what your chart tells me....


I am waiting for you to analyze it for us.


What you post will say a lot about your skills.
  • #141,070
  • Nov 23, 2008 12:59pm Nov 23, 2008 12:59pm
Quoting ovaforty
Excellent advice. Then take partial profit and trail that stop loss....
exactly! stop trailing as better alternative to using targets and therefore limiting the possible profit.
  • #141,071
  • Nov 23, 2008 1:01pm Nov 23, 2008 1:01pm
Quoting Dr.Geppynius
exactly! stop trailing as better alternative to using targets and therefore limiting the possible profit.
Closing a winning trade too early is one of the newbies' biggest mistakes...
  • #141,072
  • Nov 23, 2008 1:08pm Nov 23, 2008 1:08pm
Quoting avani
i invited you and already posted my scalp at 142.96 in the earlier post.
From your chart I see it is most likely Oanda 3 hour chart.
You are using an EMA 3 and 4 crossover along with the momentum and vma indicators.
Your MACD is below the histogram but crossed up. Showing divergence.

Your last candle was bullish engulfing after a star reversal formation.


And you are short.....
  • #141,073
  • Nov 23, 2008 1:14pm Nov 23, 2008 1:14pm
Quoting ovaforty
I know what your chart tells me....


I am waiting for you to analyze it for us.


What you post will say a lot about your skills.
i'm ready to pm my analysis to a third guy if you are prepared to do so
and then that third guy can tell the board whose analysis was correct
  • #141,074
  • Nov 23, 2008 1:16pm Nov 23, 2008 1:16pm
Quoting avani
i'm ready to pm my analysis to a third guy if you are prepared to do so
and then that third guy can tell the board whose analysis was correct
post your analysis here. we are all interested in.

who will the third, neutral guy be? your other account?

some guys just don't realize how ridiculous they are...
  • #141,075
  • Nov 23, 2008 1:19pm Nov 23, 2008 1:19pm
Quoting avani
i'm ready to pm my analysis to a third guy if you are prepared to do so
and then that third guy can tell the board whose analysis was correct
Post it here.

What are you afraid of?

We will tell you what we see that agrees or disagrees with your analysis.

No one will bash you for posting your views on a chart.


What we don't wanna see is you criticizing other posts with no analysis of your own to back it up.

Peace!
  • #141,076
  • Nov 23, 2008 1:23pm Nov 23, 2008 1:23pm
I went out on a limb 3 weeks ago posting that the charts were telling us that geppy will undergo a correction up by Thanksgiving. Even though the charts were very bearish at that time, and the lows needed to be retested again.
  • #141,077
  • Nov 23, 2008 1:28pm Nov 23, 2008 1:28pm
I need some fresh air.. This board is getting crazy...


Quoting Dr.Geppynius
post your analysis here. we are all interested in.

who will the third, neutral guy be? your other account?

some guys just don't realize how ridiculous they are...
[
  • #141,078
  • Nov 23, 2008 1:30pm Nov 23, 2008 1:30pm
Quoting avani
the first post in the contest is
"will it go to 119 when i'm vacationing in maldives"
for rules........ better talk to malcomb and there are others also who can make rules for my entry in the contest

119 cool .....

lets see ... before it goes to 119 there has to be 150 maybe 154 and maybe 165 ,
Blogging daily now at www.volume.zone
  • #141,079
  • Nov 23, 2008 1:32pm Nov 23, 2008 1:32pm
Quoting Dr.Geppynius
post your analysis here. we are all interested in.

who will the third, neutral guy be? your other account?

some guys just don't realize how ridiculous they are...
i never said that, on the contrary i was thinking of coming a to a common agreeable name.
i'm already in (scalp) trade from 142.95 as per my analysis
BTW certainly i do realize some guys here are simply ridiculous
  • #141,080
  • Nov 23, 2008 1:33pm Nov 23, 2008 1:33pm
Quoting forter
Anyone looking at citigroup shares?
no i went off my meds last week ..... lol

be careful with that

if you think markets are going to rally due to citibank bail out then better to buy call options .. less risk

OR buy DDM as it is an etf for the collective market ... I think 28.2 to 40 would work and is what O may be looking at for next week
Blogging daily now at www.volume.zone
356 traders viewing now