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

  • #191,921
  • Aug 27, 2009 12:21am Aug 27, 2009 12:21am
[quote=bill77;2996602]
Quoting PandoraBox
50 pips is fine if you know where and when to put it. But as Grashid said, must take profits earlier because eventualy it will get stoped. But i will also say this, i would rather 50 pips than 200 pips SL when i get it wrong.
He should trade EU & GU first before going to GY....Ya good point from u too...Sorry for yesterday ya...
  • #191,922
  • Aug 27, 2009 12:27am Aug 27, 2009 12:27am
[quote=grashid;2996608]
Quoting bill77

He should trade EU & GU first before going to GY....Ya good point from u too...Sorry for yesterday ya...
No problem Bro. My mistake again should have been more clear. Love your posts mate you are a guru of all gurus
  • #191,923
  • Aug 27, 2009 12:28am Aug 27, 2009 12:28am
[quote=PandoraBox;2996592]
Quoting Eulogy

Question though, if you are playing with such a low leverage why are you using a 50 pip SL???[/quote]

You need to ask cscheat I also want to know why he using 50 pips SL. If you trade GJ with SL 50 pip....anytime you can get burn.

GJ is Volatile pair... normal up and down ...200 pips...
LOL you should trade something even more crazy like EURNZD or GBPNZD.

300-500 pip spike swings.

And when the hedge fund and desktrader computers are arb'ing the crap outta each other during the early euro session. 70-110 pip bound range up down up down up down 70 times per minute
  • #191,924
  • Aug 27, 2009 12:33am Aug 27, 2009 12:33am
I only use 50:1 lev. My SL is set 200 pips cos the daily range for tis beast is 200-300 pips. If it goes against me, my daytrade become a swing trade.
  • #191,925
  • Aug 27, 2009 12:34am Aug 27, 2009 12:34am
[quote=bill77;2996621]
Quoting grashid
No problem Bro. My mistake again should have been more clear. Love your posts mate you are a guru of all gurus
no no mate..am just a poor guys just like all of you....ok la be back in US session....cheer
  • #191,926
  • Aug 27, 2009 12:34am Aug 27, 2009 12:34am
asian markets red.. oil bounced off 70.. now 71
  • #191,927
  • Aug 27, 2009 12:54am Aug 27, 2009 12:54am
[quote=Eulogy;2996625]
Quoting PandoraBox

LOL you should trade something even more crazy like EURNZD or GBPNZD.

300-500 pip spike swings.

And when the hedge fund and desktrader computers are arb'ing the crap outta each other during the early euro session. 70-110 pip bound range up down up down up down 70 times per minute
Hi bro, the spread for E/N & G/N is 20+. Btw u trade these pairs?
  • #191,928
  • Aug 27, 2009 12:59am Aug 27, 2009 12:59am
guys !!!

8 more pips to SL !
Trading Forever !!!
  • #191,929
  • Aug 27, 2009 1:01am Aug 27, 2009 1:01am
Quoting malcolmb14
long ...you are swimming against the current

100 down ... wait for reatrce to 156.20
50 down ... wait for reatrce to 156.20 again
50 down (so far) .

all with primary trend

and this....NIKKEI ... could it drop 2% tonight ? that daily yesterday sure was sold into

Attachment

I hate when i am wrong .. it dropped only 1.8% not 2 % .... losing my touch lol
Blogging daily now at www.volume.zone
  • #191,930
  • Aug 27, 2009 1:02am Aug 27, 2009 1:02am
probably 152.40-50 maybe higher
i dont know or care
but after retracement its down time
  • #191,931
  • Aug 27, 2009 1:03am Aug 27, 2009 1:03am
[quote=jusaix;2996676]
Quoting Eulogy

Hi bro, the spread for E/N & G/N is 20+. Btw u trade these pairs?
mid-long term swing trades on EN only. no positions atm.

Anything less than 500 pips per trade on EN nowadays for me is pointless.
  • #191,932
  • Aug 27, 2009 1:04am Aug 27, 2009 1:04am
Guys !!! latest update..... This week 4 trades all hit SL ! i only trade once per day... every trade i put 50pips SL ...

http://img387.imageshack.us/img387/922/capturelvx.jpg

Mon = hit SL (1% of my acc)
Tues = hit SL (1% of my acc)
Wed = hit SL (1% of my acc)
Thur = hit SL Again ! (1% of my acc)
Friday = ???
Trading Forever !!!
  • #191,933
  • Aug 27, 2009 1:04am Aug 27, 2009 1:04am
[quote=PandoraBox;2996592]
Quoting Eulogy

Question though, if you are playing with such a low leverage why are you using a 50 pip SL???[/quote]

You need to ask cscheat I also want to know why he using 50 pips SL. If you trade GJ with SL 50 pip....anytime you can get burn.

GJ is Volatile pair... normal up and down ...200 pips...
I trade with a 25 pip stop, I believe malcolm uses between 30 and 50 and rarely seems to need it..... depends what hes comfortable with. and how big the trade size is. even if hes got 50:1 leverage a 50 pip stop might be huge.

and LOL good housing news and pound goes down. seems pound goes down whether good news or bad these days haha
  • #191,934
  • Aug 27, 2009 1:07am Aug 27, 2009 1:07am
Quoting Raza
Ya it looks that way...But WHEN?????? THAT IS THE QUESTION.. LOL..



srtaed form 163 with move accelerating down as gu drops under 1.6000 ...

when is simple sept / oct / nov, dec .....
Blogging daily now at www.volume.zone
  • #191,935
  • Aug 27, 2009 1:12am Aug 27, 2009 1:12am
queecee is still short from 163, hes got squillions of pips now! need to ask him for a few

i see little resistance between here and 147 so i might try and just hold this short from 152.05 until we get there hmmm. nope that didnt take long, gu bounced from 6200 and gj spiked up too and took me out for 20 hehe
  • #191,936
  • Aug 27, 2009 1:13am Aug 27, 2009 1:13am
[quote=Eulogy;2996703]
Quoting jusaix

mid-long term swing trades on EN only. no positions atm.

Anything less than 500 pips per trade on EN nowadays for me is pointless.
Thanks bro!
  • #191,937
  • Aug 27, 2009 1:16am Aug 27, 2009 1:16am
Quoting cscheat
Guys !!! latest update..... This week 4 trades all hit SL ! i only trade once per day... every trade i put 50pips SL ...

http://img387.imageshack.us/img387/922/capturelvx.jpg

Hi,

I think, 50 SL is too small for GJ.... If i am using 4hr, my SL for this pair is 100 - 150 and depend on time frame I adjust it.
-happyTrading-myFx.
  • #191,938
  • Aug 27, 2009 1:18am Aug 27, 2009 1:18am
50 pip sl is ok for daytrade,
but you need to rethink your entry,
learn from your mistakes, no one will trade for you.
or just go to eur usd less stress
good luck

Quoting cscheat
Guys !!! latest update..... This week 4 trades all hit SL ! i only trade once per day... every trade i put 50pips SL ...

http://img387.imageshack.us/img387/922/capturelvx.jpg

Mon = hit SL (1% of my acc)
Tues = hit SL (1% of my acc)
Wed = hit SL (1% of my acc)
Thur = hit SL Again ! (1% of my acc)
Friday = ???
  • #191,939
  • Aug 27, 2009 1:21am Aug 27, 2009 1:21am
Thanks for advice guys !!! so i will try a SL of 100pips soon
Trading Forever !!!
  • #191,940
  • Aug 27, 2009 1:22am Aug 27, 2009 1:22am
[quote=Eulogy;2996703]
Quoting jusaix

mid-long term swing trades on EN only. no positions atm.

Anything less than 500 pips per trade on EN nowadays for me is pointless.
This Currency is Crazy...Crazy spread G/N.... Mostly Dojis AND Hammers..

How one can scalp here..Better for swings....

CScheat...This Time try not using Stop Loss..
Markets are not Random, they are designed!
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