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

  • #174,721
  • May 3, 2009 4:35pm May 3, 2009 4:35pm
Quoting malcolmb14
yes it is ....I am not sure how thing will go once i get past the 2 million level . If I even get there !!!! That is where I am suppoed to be by the end of this year. I just

I am in month 13 with 6 figures at the moment. The mental limits of trading 10 lots is ok . That was the idea is to take it step by step . I may have to advance to an institutional style account later as my account grows larger.

i have found The secret in this game is not to be greedy and not to over overtrade. Once i get my 10 % , even if only on 2 days of day trading...
If you keep it up (the 4 years) you would end up with over 4 Trillion @ 8% average.
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  • #174,722
  • May 3, 2009 4:45pm May 3, 2009 4:45pm
Quoting KillerWhale
If you keep it up (the 4 years) you would end up with over 4 Trillion @ 8% average.
And you need only 6.5 Trillion to buy UK and Japan. Then you would be totally in control of GJ
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  • #174,723
  • May 3, 2009 4:45pm May 3, 2009 4:45pm
Quoting KillerWhale
If you keep it up (the 4 years) you would end up with over 4 Trillion @ 8% average.
whats up with the smart ass comments ... you have added nothing here ... malcomb is here every day contributing to this thread.

We all have run a spreadsheet which shows " if I only make 5% a week I'll be ........... " etc etc etc....

Obviously if one makes 8% a week then you get to a point where your fills arent adequate.

BTW your 2 to 3 % a week will have you at 4 trillion in 20 years . Good luck with that one.
  • #174,724
  • May 3, 2009 4:49pm May 3, 2009 4:49pm
Quoting gadawg
BTW your 2 to 3 % a week will have you at 4 trillion in 10 years . Good luck with that one.
I wish, I don't have a 6 figure account to start with. My account is a measly 4 figure, and 5 by the end of this year I hope.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #174,725
  • May 3, 2009 4:51pm May 3, 2009 4:51pm
Quoting gadawg
whats up with the smart ass comments ... you have added nothing here ... malcomb is here every day contributing to this thread.

We all have run a spreadsheet which shows " if I only make 5% a week I'll be ........... " etc etc etc....

Obviously if one makes 8% a week then you get to a point where your fills arent adequate.

BTW your 2 to 3 % a week will have you at 4 trillion in 20 years . Good luck with that one.
Mal can handle a good laugh don't worry for him he's a big boy, at least I hope otherwise we're in big trouble....
  • #174,726
  • May 3, 2009 4:59pm May 3, 2009 4:59pm
Quoting gadawg
whats up with the smart ass comments ... you have added nothing here ...
Go back to post 174668 and then say again that I add nothing, you smartass
New voice message: Why are you calling me? If I need you, I'll call you!
  • #174,727
  • May 3, 2009 5:15pm May 3, 2009 5:15pm
Quoting KillerWhale
Have you seriously thought about this? Even a $5,000 account growing at 8% over 4 years will make you wealthier than Bill Gates at the moment.
And I assume that your account is bigger than $5,000.
:nerd:, While it's important to keep the end in mind, if you focus on the "enormity" of an issue you will simply be overwhelmed.

The key to this is "step by step", bite sizes week by week. While the logical outcome seems so ridiculous it's almost amusing, I'm sure Malcolm will be laughing to the bank, even if he doesn't meet his ideal goal.

Clearly while it is theoretically possible, there will be mitigating circumstances brought into play that will perhaps negate the desired outcome. For.eg. trading 10 standard lots and then trading 200 standard lots requires a certain increased mental rigour, even if you are making trades on the exact same strategy.

Aim for the stars and you will probably reach further than aiming for the weeds in someone's backyard.
  • #174,728
  • May 3, 2009 5:25pm May 3, 2009 5:25pm
Quoting BANDA
Hey Mal
How are you? Happy to see things working as you planned. You deserve it all the way. Would you mind sharing some secrets not to loose often in this market? Can you elaborate if possible what are the things you look for .........before you enter a position............ where you normally put SL for gbp/jpy 200 pips away or according to resistance and support levels?

Thank you buddy
Happy trading
Ta

swing i suck at but i hear gj needs 300 pips ... that is why i suck at it lol

day trading i use 50 pip , often know right away of a trade is going to go against me and not work out as chart indicated it might , so close for less than this
Blogging daily now at www.volume.zone
  • #174,729
  • May 3, 2009 5:27pm May 3, 2009 5:27pm
Quoting KillerWhale
If you keep it up (the 4 years) you would end up with over 4 Trillion @ 8% average.

I think after a certain point .... you would just trade a standard 200 lots ... lol

can you imagine ! 100 pip a day with 200 lots
Blogging daily now at www.volume.zone
  • #174,730
  • May 3, 2009 5:29pm May 3, 2009 5:29pm
Quoting GodfreyH
:nerd:, While it's important to keep the end in mind, if you focus on the "enormity" of an issue you will simply be overwhelmed.

The key to this is "step by step", bite sizes week by week. While the logical outcome seems so ridiculous it's almost amusing, I'm sure Malcolm will be laughing to the bank, even if he doesn't meet his ideal goal.

Clearly while it is theoretically possible, there will be mitigating circumstances brought into play that will perhaps negate the desired outcome. For.eg. trading 10 standard lots and then trading 200...
I like you Godfrey, you always bring things back in perspective.
  • #174,731
  • May 3, 2009 5:30pm May 3, 2009 5:30pm
Quoting GodfreyH
:nerd:, While it's important to keep the end in mind, if you focus on the "enormity" of an issue you will simply be overwhelmed.

The key to this is "step by step", bite sizes week by week....

good comment there is a huge difference trading 1 lot to 10 lots , i bet the jump 10 to 200 is massive mentally.
Blogging daily now at www.volume.zone
  • #174,732
  • May 3, 2009 5:31pm May 3, 2009 5:31pm
looks like gj off to races.

already broken Fridays high and there is no volume in the market yet
Blogging daily now at www.volume.zone
  • #174,733
  • May 3, 2009 5:38pm May 3, 2009 5:38pm
nice!
but we'll see next friday :d.

Quoting malcolmb14
looks like gj off to races.

already broken Fridays high and there is no volume in the market yet
Nihil Sine Deo.
  • #174,734
  • May 3, 2009 5:44pm May 3, 2009 5:44pm
Quoting Scrat
nice!
but we'll see next friday :d.

Friday is a week away yet ....

daily symmetry says 153 then down to 143. That is if it holds.

I am just playing one day at a time
Blogging daily now at www.volume.zone
  • #174,735
  • Edited 7:51pm May 3, 2009 6:15pm | Edited 7:51pm
The trend on the Weekly is bullish baby; we have a bullish continuation pattern (Highlighted on weekly chart), so my strategy for this week is simple, buy on pullbacks. I’m looking for a significant pullback to the 145.00 zone, however if 147.50 holds, I just might consider adding to my existing longs at that level. I would prefer a pullback to the 145.00 zone, which is previous daily support and also happens to be the 0.382 Fib of the last swing up.

To the downside I’m looking for support to hold at 147.50 initially, a break of that level could signal a move to 145.50, if that level does not hold then we probably go to 143.50.
On the upside looking at initial target at 151.50 and then 154.50.

Happy Pippin baby

Link to full analysis on FF: http://www.forexfactory.com/news.php?do=news&id=166798
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  • #174,736
  • May 3, 2009 6:34pm May 3, 2009 6:34pm
Forexlion, and Malc, I posted a motivational clip on Cesarnic's Thread for you BROS..


cheers!
  • #174,737
  • May 3, 2009 6:58pm May 3, 2009 6:58pm
no thanks.???

lol !!!
  • #174,738
  • May 3, 2009 7:00pm May 3, 2009 7:00pm
Quoting Piters
Forexlion, and Malc, I posted a motivational clip on Cesarnic's Thread for you BROS..


cheers!
Nice Piters, but have you ever been to Montreal, I mean Str[cough]ers would chear anyone up...here its the land of the free...

Cheers!
  • #174,739
  • May 3, 2009 7:04pm May 3, 2009 7:04pm
Quoting Piters
Forexlion, and Malc, I posted a motivational clip on Cesarnic's Thread for you BROS..


cheers!

I cannot get access to this .... no link came up ..

forexlion will liekly not give a thanks just now as he is to busy crying cause he is wrong YET AGAIN !!! lol
Blogging daily now at www.volume.zone
  • #174,740
  • May 3, 2009 7:05pm May 3, 2009 7:05pm
Japan bank on holiday for 3 days, I think this will make yen weaker,so gbpjpy should shoot up
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