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

  • #158,821
  • Feb 8, 2009 7:50pm Feb 8, 2009 7:50pm
Quoting shelby
can't do anything without setting targets. but that's me
It used to make me jump into trade so I would reach my target. Made for disaster that's for sure. Takes time to become patient, and understand money management, and if you're still losing like you said in your last post, I recommend not putting even $5,000. If you want to work on a strategy, put in $50 and try to double that or demo for a while. If not, that $5,000 will go directly to me
  • #158,822
  • Feb 8, 2009 7:52pm Feb 8, 2009 7:52pm
Quoting PipinStein
I like to look at profit target as follows.
1. say you want to make $20,000 a year
2. for the sake of argument say there's 200 trading days a year
3. that means you have to make $100 a trading day
4. If you average 10pips profit a day that means you need to trade 10
there's still one thing you've detached from your equation and that is, everytime your capital grow by $100, your lot size will grow, hence the value of pip, thus, you dont need to make $100 everyday, you could "start" with $20 and end up with capital more than 20000 at the end of the year.
I recommend you read something else as this sentence is now concluded.
  • #158,823
  • Feb 8, 2009 7:54pm Feb 8, 2009 7:54pm
Quoting pkimnyc
can anyone help me with where the dp is @?
mine is showing @ 136.68.
Mine is at 135.10... just kissed it and went back up.. IBFX is the broker.
  • #158,824
  • Feb 8, 2009 7:54pm Feb 8, 2009 7:54pm
Quoting shelby
i am going to start again with stupid questions lol


guys what do you think will be a realistic target for a me(noob).
i am reading that i should put some targets with return on year or on month.
what's realistic ? and how should i put it ? number of pips ? %of my capital ?

Thanks guys. have a good one.

Shelby, Check you PM buddy.
  • #158,825
  • Feb 8, 2009 7:54pm Feb 8, 2009 7:54pm
Quoting Monk
can you post a chart of that?
monk just so you know i wouldnt enter short now unless you were in

already - if we take out the dp then maybe shorts are on but shorts

right now are risky imo
  • #158,826
  • Feb 8, 2009 7:56pm Feb 8, 2009 7:56pm
Quoting cohiba pips
ok shorts are looking ok right now but be very very careful and take nothing

for granted indices are pulling back ( down ) yen and cable are helping sorry

boss cant remember the name for usd/ yen ( nick name ) but it has a lot off room to move

south might get some kip now before london open
UJ is coined "Gopher", don't ask me why.
it does have alot of room to move....South. This delay in the package will definitely have some effect.

Shelby, in order to determine your target return we'll need to know your initial investment. It easier to make 10k if you invested 100k than it is if you only had 1k
  • #158,827
  • Feb 8, 2009 7:56pm Feb 8, 2009 7:56pm
Quoting MykeFX
Mine is at 135.10... just kissed it and went back up.. IBFX is the broker.
I just covered my shorts, I want to be short again, would LOVE to see 136.5s again. Not going long though.
  • #158,828
  • Feb 8, 2009 7:59pm Feb 8, 2009 7:59pm
Quoting MykeFX
Mine is at 135.10... just kissed it and went back up.. IBFX is the broker.
thank you.
  • #158,829
  • Feb 8, 2009 8:10pm Feb 8, 2009 8:10pm
thanks for help guys
  • #158,830
  • Feb 8, 2009 8:20pm Feb 8, 2009 8:20pm
Quoting shelby
thanks for help guys
"Sharing is caring"
  • #158,831
  • Feb 8, 2009 8:26pm Feb 8, 2009 8:26pm
Hi All,

Looks like short term UP Hrly TL was tested after it broke through and was rejected. Shorts still being served.

Bren
  • #158,832
  • Feb 8, 2009 8:30pm Feb 8, 2009 8:30pm
Hi again,

It also looks as if the divergence on the hrly chart has been confirmed.

enough posts for now..

B.
  • #158,833
  • Feb 8, 2009 8:34pm Feb 8, 2009 8:34pm
134,15 and more liekly test 50 sma on 60 min 133.80 is on the cards right now if the daily pivot is broken .

this move in asia looks very impulsive and any other session if I saw those double pin bars on the hourly I would say we have just seen top of market.

the nikkei gapped 175 points and has been dropping all session , thus the gj downward movement,

now remains to be seen tomorrow in US if in fact the up move into 850 last week of the s&p was one big old bull trap . or is this down ward move just another opportunity to go long for the ride to 141 that every has been predicting , and seemed obvious on the charts (( almost to obvious)

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  • #158,834
  • Feb 8, 2009 8:42pm Feb 8, 2009 8:42pm
This channel is still in play (sorry fridays chart). Drop will probably be sharper than drawn.
I'll be looking to scalp shorts..
http://g.imagehost.org/0496/wkly2.jpg
  • #158,835
  • Feb 8, 2009 9:19pm Feb 8, 2009 9:19pm
Quoting malcolmb14
134,15 and more liekly test 50 sma on 60 min 133.80 is on the cards right now if the daily pivot is broken .

this move in asia looks very impulsive and any other session if I saw those double pin bars on the hourly I would say we have just seen top of market...
Attachment
what about HD on M30 and H1 ?
I recommend you read something else as this sentence is now concluded.
  • #158,836
  • Feb 8, 2009 9:26pm Feb 8, 2009 9:26pm
Quoting malcolmb14
134,15 and more liekly test 50 sma on 60 min 133.80 is on the cards right now if the daily pivot is broken .

this move in asia looks very impulsive and any other session if I saw those double pin bars on the hourly I would say we have just seen top of market.

the nikkei gapped 175 points and has been dropping all session , thus the gj downward movement,

now remains to be seen tomorrow in US if in fact the up move into 850 last week of the s&p was one big old bull trap . or is this down ward move just another opportunity to go long for...
can u tell me how do u monitor the markets,is there a site where i can see a chart with a history like these i have on mt4
  • #158,837
  • Feb 8, 2009 9:41pm Feb 8, 2009 9:41pm
Hi all i need help where can i get live DOW chart? any link?

Thanks in advance!
  • #158,838
  • Feb 8, 2009 9:44pm Feb 8, 2009 9:44pm
Quoting newkidfx
Hi all i need help where can i get live DOW chart? any link?

Thanks in advance!
i use North Finance MT4 demo platform for that. Download it, its free for however long you need.
  • #158,839
  • Feb 8, 2009 9:44pm Feb 8, 2009 9:44pm
Quoting newkidfx
Hi all i need help where can i get live DOW chart? any link?

Thanks in advance!
DOW is closed, but futures market is open, I actually use the fxpro.com demo to view DOW futures. Also has oil futures.
  • #158,840
  • Feb 8, 2009 9:46pm Feb 8, 2009 9:46pm
Quoting Eulogy
i use North Finance MT4 demo platform for that. Download it, its free for however long you need.
Thanks Eulogy
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