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

  • #143,601
  • Nov 26, 2008 2:34pm Nov 26, 2008 2:34pm
Quoting jon clogger
The hunters walked into an ambush. They shot baby bear only to find papa bear disemboweling them before they could re-load.

Don't pick on the little guy!
WELL MY ORDER WAS LOWER THAN THE TOP but because the move was so sudden it only got filled at the top, what a nice sleepage
  • #143,602
  • Nov 26, 2008 2:38pm Nov 26, 2008 2:38pm
One thing that am confused why terrorist attack in India would cause people to buy Yen pairs?
  • #143,603
  • Nov 26, 2008 2:38pm Nov 26, 2008 2:38pm
Direction... direction....

where are you going G/U and G/J
  • #143,604
  • Nov 26, 2008 2:39pm Nov 26, 2008 2:39pm
Quoting malcolmb14
there is no get rich quick scheme in this business ......

I check out their web page ... did not even get a clip of what their software looks like in action
it is something like free training http://www.4xmm.com/freetraining.html

but I agree with you, I dont know how it does work in reality. BTW you have to open MBT account as well..
  • #143,605
  • Nov 26, 2008 2:45pm Nov 26, 2008 2:45pm
Quoting jon clogger
I taper my market entries at the different fib levels. I start with a quarter position at 50%, then add 1/2 a position at 61.8%, then the final 1/4 at about 72% with stops just above.
if I see it right, you are considering we are in down trend right now, so you drew your fibo on 30M chart from the top 148.52 to the bottom 144.60 and try to sell after retrace to fibo levels which act as a strong resistence? am I right?
  • #143,606
  • Nov 26, 2008 2:47pm Nov 26, 2008 2:47pm
Quoting mktjong
One thing that am confused why terrorist attack in India would cause people to buy Yen pairs?
I have been researching "safe havens" recently. I monitored 12 pairs today looking for market reaction to what happened in India. My day was spent cooking pies and pinto beans for the feast tomorrow, and studying charts. No trading. Price is right back where it was when I quit trading.

The market pretty much ignored the India affair.
  • #143,607
  • Nov 26, 2008 2:49pm Nov 26, 2008 2:49pm
Quoting pepsi
if I see it right, you are considering we are in down trend right now, so you drew your fibo on 30M chart from the top 148.52 to the bottom 144.60 and try to sell after retrace to fibo levels which act as a strong resistence? am I right?
That's right. I'm playing 148.52 as the top of wave 5, and we are in a 3 wave correction down to the 143 level before resetting longs.

Of course I give major consideration to gann and other indicators on this thread and try to trade with all the pieces pointing in the right direction.
What's that smell?
  • #143,608
  • Nov 26, 2008 2:49pm Nov 26, 2008 2:49pm
If you are still trading use discipline. Range Trade strategy is the way to go. Find the range on your chart, and sell where it got sold before, and buy where it was bought before.
This strategy will continue until a breakout occurs.


Consolidation is your best friend. Exploit it both ways.
  • #143,609
  • Nov 26, 2008 2:51pm Nov 26, 2008 2:51pm
Quoting thomastrader
Hi lilmoe,
My name is thomastrader. I am new trader and start my demo trade two weeks already.
Recently, I download your Indicators and try to learn how to use them.
May I ask you one question about MACD?
I just want know if it is possible to control the MACD to stop the auto-trade function?
Or change the auto-trade size from 0.1 to 0.01?
Do you mean a TRAILING STOP EA?
If so, play with this for awhile, see if this is what you are looking for.
I use it.
Attached is the EA & the directions.
Once again, PLAY WITH IT FIRST to find out how it works!!

Hope it helps you.
Attached File(s)
File Type: mq4 TrailingStopEA.mq4   9 KB | 237 downloads
File Type: pdf Trailing_Stop_Manual[1].pdf   110 KB | 330 downloads
I trade what I see on my charts. Do Not listen to the Muppets.
  • #143,610
  • Nov 26, 2008 2:58pm Nov 26, 2008 2:58pm
This market has been wildly choppy. You have to play with patience and discipline. Do not micro-manage your positions. This will cause an overtrading situation, and excessive risk of loss.

Let the positions flow with the market. Choose the top of the range where the price has been rejected, and set a small sell order there. then go the bottom of that range and set a buy order. Exit strategy in place, with stop losses and tp for partial profits.
Set and forget. Go fishing. Take your wife out to dinner. You wont miss a move, because it set to auto-pilot.

Who needs an e/a?
  • #143,611
  • Nov 26, 2008 3:04pm Nov 26, 2008 3:04pm
Quoting jon clogger
That's right. I'm playing 148.52 as the top of wave 5, and we are in a 3 wave correction down to the 143 level before resetting longs.

Of course I give major consideration to gann and other indicators on this thread and try to trade with all the pieces pointing in the right direction.
thanks, but do you think that "Elliott Wave Theory" works well? do we have it usually on GJ? I can see it today, but is that usual?

thanks again
  • #143,612
  • Nov 26, 2008 3:04pm Nov 26, 2008 3:04pm
Quoting ovaforty
If you are still trading use discipline. Range Trade strategy is the way to go. Find the range on your chart, and sell where it got sold before, and buy where it was bought before.
This strategy will continue until a breakout occurs.


Consolidation is your best friend. Exploit it both ways.
  • #143,613
  • Nov 26, 2008 3:07pm Nov 26, 2008 3:07pm
alright guys - where we heading tonight - what we got an hour before asia i hope its more interesting than uk us session didnt take one trade crazy market and very dangerous in my opinion, yesterday four i think a little more relaxed these days but you know i started to doubt my trading skills especially when b coup seemed to like it and i thought he was a big time swinger lol
anyway good luck guys i with ya all the way
  • #143,614
  • Nov 26, 2008 3:11pm Nov 26, 2008 3:11pm
This crazy market is incredibly lucrative, if you trade with caution. I am standing aside now because my monthly goal is more than doubled and I dont wanna risk a penny of it.
  • #143,615
  • Nov 26, 2008 3:11pm Nov 26, 2008 3:11pm
macd is one of the worst indies to use .. it lags big time

try rsi or cci ..... they both work a little better
Blogging daily now at www.volume.zone
  • #143,616
  • Nov 26, 2008 3:12pm Nov 26, 2008 3:12pm
Quoting Vanhook2
Do you mean a TRAILING STOP EA?
If so, play with this for awhile, see if this is what you are looking for.
I use it.
Attached is the EA & the directions.
Once again, PLAY WITH IT FIRST to find out how it works!!

Hope it helps you.
Thank you very much.
  • #143,617
  • Nov 26, 2008 3:12pm Nov 26, 2008 3:12pm
Remember, I am the old man of this forum....
  • #143,618
  • Nov 26, 2008 3:13pm Nov 26, 2008 3:13pm
Quoting pepsi
thanks, but do you think that "Elliott Wave Theory" works well? do we have it usually on GJ? I can see it today, but is that usual?

thanks again
Well, I'm still learning a lot right now, and my analysis needs work. But I'm trying to use EW as an extra confirmation with trade entries and pivot points.

I really can't say at this point to what extent EW fits with gj, but hoping to develop and recognize some patterns soon, especially during consolidation.
What's that smell?
  • #143,619
  • Nov 26, 2008 3:23pm Nov 26, 2008 3:23pm
Quoting jon clogger
Well, I'm still learning a lot right now, and my analysis needs work. But I'm trying to use EW as an extra confirmation with trade entries and pivot points.

I really can't say at this point to what extent EW fits with gj, but hoping to develop and recognize some patterns soon, especially during consolidation.
one thing about ew is that it is very open to interpretation

I tried it and found fib retracements and extensions to work way better ...just my experience

think it was a surprise for price to stop at 147.75 on the spike??? to the tick it was the 78.6 % fib retrace of the down move.

Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 21 KB
Blogging daily now at www.volume.zone
  • #143,620
  • Nov 26, 2008 3:25pm Nov 26, 2008 3:25pm
Quoting malcolmb14
macd is one of the worst indies to use .. it lags big time

try rsi or cci ..... they both work a little better
Malcolmb,

What settings do you suggest for these indies?
Thanks
I trade what I see on my charts. Do Not listen to the Muppets.
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