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

  • #165,481
  • Mar 12, 2009 11:03am Mar 12, 2009 11:03am
Quoting Tataocb
I lost 120 pips today...it sucks how it only takes about 2 hours to lose what took me 4 days to gain....I'm still struggling to achieve consistency and I'm not going to quit.

I still let my emotions get the best of me, I thought I had surpassed that.
Me too. Only I made 500 pips today and lost it all, so am back to square one!!
  • #165,482
  • Mar 12, 2009 11:12am Mar 12, 2009 11:12am
Quoting Tataocb
I lost 120 pips today...it sucks how it only takes about 2 hours to lose what took me 4 days to gain....I'm still struggling to achieve consistency and I'm not going to quit.

I still let my emotions get the best of me, I thought I had surpassed that.
sorry ...baby..but alwaz use a stop-loss..

once PA moves 15 pips in your favour..move your SL to break even...and enjoy the ride from there..

or basically move your SL 15 pips everytime PA moves 15 pips...

better still use a trailing stop...it helps....baby
  • #165,483
  • Mar 12, 2009 11:14am Mar 12, 2009 11:14am
For those of you who are have problems with S/L's,
here is a trailing stop EA & Manual.
Play with it a little to get the feel of it.
Attached File(s)
File Type: mq4 TrailingStopEA.mq4   9 KB | 330 downloads
File Type: pdf Trailing_Stop_Manual[1].pdf   110 KB | 383 downloads
I trade what I see on my charts. Do Not listen to the Muppets.
  • #165,484
  • Mar 12, 2009 11:18am Mar 12, 2009 11:18am
4H Gan holding??
I don't CARE how many DOLLAR you earn, I just care how LONG you can TRADE
  • #165,485
  • Mar 12, 2009 11:19am Mar 12, 2009 11:19am
Quoting Vanhook2
For those of you who are have problems with S/L's,
here is a trailing stop EA & Manual.
Play with it a little to get the feel of it.
Thank you. It is not the stop loss which I am getting wrong, I always use those and move my SL every 30 pips or so. It is the entry. My thinking - Right - this has gone up to a good place (FIB or whatever, and is going long but it is due to turn round and go short, so I go short and guess what - it goes short for a few pips, turns round and carries on long again - and it has done that all day today!!! So now it will finally go off short and I will be sitting here watching it cos I am not in it, cos now I've lost my confidence in my ability with my charts. Hey ho.
  • #165,486
  • Mar 12, 2009 11:23am Mar 12, 2009 11:23am
As fast as the G/J went up........
It will come down faster.
As long as we stay below the Daily Gann

I'm stacking pending shorts all the way up.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #165,487
  • Mar 12, 2009 11:26am Mar 12, 2009 11:26am
Quoting gillybabe
Thank you....
very few people pick a correct entry points....it is very difficult..baby

for me...i pick entries based on my risk and relevant support or resistant zones...my zone for geppy is 100 pips wide! but that just me....
  • #165,488
  • Mar 12, 2009 11:29am Mar 12, 2009 11:29am
I use SL also. I set my first one at -80 pips with an entry order at 134.00 to go short, my SL was right above the 1H 50 EMA. The trade opened while I was driving to work, when I turned on the computer here it was already at -70 pips. The problem is that after that, I tried to "get back" at the market (revenge trading) and lost an additional 40 pips by going long at 135.50.

I think I should probably stay out cause my emotions are not letting me think objectively.
On a journey to consistency.
  • #165,489
  • Mar 12, 2009 11:32am Mar 12, 2009 11:32am
Quoting Big Bruv
very few people pick a correct entry points....it is very difficult..baby

for me...i pick entries based on my risk and relevant support or resistant zones...my zone for geppy is 100 pips wide! but that just me....
However, there are times that 100 pips is not enough breathing room.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #165,490
  • Mar 12, 2009 11:33am Mar 12, 2009 11:33am
Quoting Vanhook2
As fast as the G/J went up........
It will come down faster.
As long as we stay below the Daily Gann

I'm stacking pending shorts all the way up.
The trouble with that is that my required deposit just grows and grows. I like to get in and ride while we go - if not daily then over two or three days no more. I usually end up with no more than 3 open trades on one pair at a time, so I can phase them out wth profit on the way up/down. So I try and get in near the top/bottom (certainly not at the top or bottom). It is the knowing where to get in tht is killing me - I dont mind leaving some pips on the table on the exit.
  • #165,491
  • Mar 12, 2009 11:34am Mar 12, 2009 11:34am
Quoting Big Bruv
sorry ...baby..but alwaz use a stop-loss..

once PA moves 15 pips in your favour..move your SL to break even...and enjoy the ride from there..

or basically move your SL 15 pips everytime PA moves 15 pips...

better still use a trailing stop...it helps....baby
but the beast spread is like 6 pips. how do you manage to let it move before you even move your stop?
  • #165,492
  • Mar 12, 2009 11:38am Mar 12, 2009 11:38am
Baby you must be good at your entries for a 15pip move to set your SL to B/E, i usually wait till somewhere between 30 and 50, else i get knocked out to early. She bounces around 20-30 pips all the time before heading either way..
  • #165,493
  • Mar 12, 2009 11:42am Mar 12, 2009 11:42am
Quoting gillybabe
The trouble with that is that my required deposit just grows and grows. I like to get in and ride while we go - if not daily then over two or three days no more. I usually end up with no more than 3 open trades on one pair at a time, so I can phase them out wth profit on the way up/down. So I try and get in near the top/bottom (certainly not at the top or bottom). It is the knowing where to get in tht is killing me - I dont mind leaving some pips on the table on the exit.

I'm stacking pending shorts all the way up.

Someone who uses the Auslanco System has a target of 129.xx.
I trade what I see on my charts. Do Not listen to the Muppets.
  • #165,494
  • Mar 12, 2009 11:44am Mar 12, 2009 11:44am
Quoting Vanhook2
I'm stacking pending shorts all the way up.

Someone who uses the Auslanco System has a target of 129.xx.
Is that the same at setting up orders to open at specific points? That is what my platform requires and then all those pending orders add up into my minimum deposit.
  • #165,495
  • Mar 12, 2009 11:46am Mar 12, 2009 11:46am
Quoting Piters
mate, I know you are playing big swings.. that is your style.. I collect pips Up and down.. sometimes down more then up.. but that is my style...

If I was you [im not] I would be waiting on that UTL to be broken before I confirm Bulls Party..

cheers bro.. hapy pipping
Pin bar developing on the daily - might be a reversal off the low. . . will have to wait to see how see closed. .
  • #165,496
  • Mar 12, 2009 11:47am Mar 12, 2009 11:47am
Quoting Vanhook2
However, there are times that 100 pips is not enough breathing room.
oh that is just for my entry....not were i put my SL..

my sl alwaz starts a couple of pips below a major swing...i.e previous day or week..etc...but yeah u are right sometimes especially if i'm entering on the weekly...it could be 500 pips wide!.........oh baby

but really its all about risk...no pain...no gain...
  • #165,497
  • Mar 12, 2009 11:52am Mar 12, 2009 11:52am
Quoting Cdawg
Baby you must be good at your entries for a 15pip move to set your SL to B/E, i usually wait till somewhere between 30 and 50, else i get knocked out to early. She bounces around 20-30 pips all the time before heading either way..

i am not an intra-day trader..so i do not use 15 pips moves to set my SL...
i swing trade or position trade so my SL starts off at the last major swing low or high and i moves it every swing low or high...whatever that is...based mainly on the daily/4 hr..baby...
  • #165,498
  • Mar 12, 2009 11:53am Mar 12, 2009 11:53am
The way to lower your emotional attachment to a trade it to take a smaller posistion. This is a game of longevity, don't try to make a killing in 1 trade.


Quoting Tataocb
I lost 120 pips today...it sucks how it only takes about 2 hours to lose what took me 4 days to gain....I'm still struggling to achieve consistency and I'm not going to quit.

I still let my emotions get the best of me, I thought I had surpassed that.
Without a trade plan, say bye bye to your account & hello to frustration.
  • #165,499
  • Mar 12, 2009 11:56am Mar 12, 2009 11:56am
About to break this red bearish channel. 136.15 is my resistance. Lets see how she behaves.
Attached Image (click to enlarge)
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  • #165,500
  • Mar 12, 2009 12:02pm Mar 12, 2009 12:02pm
Quoting gillybabe
Is that the same at setting up orders to open at specific points?
Yes.
I trade what I see on my charts. Do Not listen to the Muppets.
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