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

  • #197,701
  • Sep 15, 2009 8:46pm Sep 15, 2009 8:46pm
Quoting Que
Malc, Karmo and Orion all have very good insight that should not be ignored. Those are definitely three names I like seeing post.

That being said, no one should follow someone else's trades. Use that insight in conjunction with what you are seeing on your charts.

Like now, I am not sure how Orion is going, but I believe Karmo is short (Obviously a genius) and Malc is long (A genius who bumped his head this morning...)

Que
Glad to see u alive and well, welcome back from sabatical
"Millionaires don't use astrology, billionaires do"
  • #197,702
  • Sep 15, 2009 8:59pm Sep 15, 2009 8:59pm
I sell rallys till we close above the red or blue ma on daily. Many times these ma's have saved my back side. Once we close above, then i will be on msnipers side and bye dips. cheers.
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  • #197,703
  • Sep 15, 2009 9:02pm Sep 15, 2009 9:02pm
I had to learn a few mistakes, then take time to digest my problems and fix them.

Had some stupid problems last year. After my son got better I started trading again last year. I hit a crazy run of great trades. I think I was running around 87% winners 5 months in a row. I was in the top 20 on the IBFX contest thing all 5 months. Then I got stupid and started thinking my shit did not stink. I was making indicators for everyone and there brother and people were sending me donations. Between trading and donations, I turned a $1000 account into an $8700 account in just under 6 months.

Being on this great streak, I decided to abandon my MM techniques that built my account to begin with. In one month, I lost 60% of my account by removing stops and making initial trades at 5-10% risk. The following month I dropped my account to $1317.

My wife insisted that I pull out my initial $1000 until I can show consistency and that I can follow my initial plan I set out. After 9-10 months of trading my own way (Not following others or joining hype) I am just over $1000 again. I am now slowly integrating myself back into the community seeing if I can remain consistent and not become a sheeple.

I have great MM skills and a reasonable trading system. I may even get back into building indicators for people in the next few months. However if I find the forums to be a detriment to my trading style, I will have to give them up permanently. Wish me luck...

Que

Quoting OrionsWay
Glad to see u alive and well, welcome back from sabatical
Que
  • #197,704
  • Sep 15, 2009 9:05pm Sep 15, 2009 9:05pm
Quoting djambazov84
not a h&s right shoulder can not be lower than left shoulder
from where u learned that ?

thats wrong it can be lower there is no problem

but most important it shouldn't go below the head and it should be similar in the shape of left shoulder not important same size even only shape is enough

http://www.babypips.com/wiki/images/...-shoulders.gif

http://www.thestockbandit.com/images...ers-bottom.gif

http://www.chartpatterns.com/images/huinvhs.gif
  • #197,705
  • Sep 15, 2009 9:06pm Sep 15, 2009 9:06pm
Quoting Que
I had to learn a few mistakes, then take time to digest my problems and fix them.

Had some stupid problems last year. After my son got better I started trading again last year. I hit a crazy run of great trades. I think I was running around 87% winners 5 months in a row. I was in the top 20 on the IBFX contest thing all 5 months. Then I got stupid and started thinking my shit did not stink. I was making indicators for everyone and there brother and people were sending me donations. Between trading and donations, I turned a $1000 account into an...

All the Best to you...

I had been there...blown few accounts.. Still not a PRO..like some on this Forum... But Applying Proper MM..

Great to have you BACK HERE.

Markets are not Random, they are designed!
  • #197,706
  • Sep 15, 2009 9:10pm Sep 15, 2009 9:10pm
Quoting Que
I had to learn a few mistakes, then take time to digest my problems and fix them.

Had some stupid problems last year. After my son got better I started trading again last year. I hit a crazy run of great trades. I think I was running around 87% winners 5 months in a row. I was in the top 20 on the IBFX contest thing all 5 months. Then I got stupid and started thinking my shit did not stink. I was making indicators for everyone and there brother and people were sending me donations. Between trading and donations, I turned a $1000 account into...
Forums and chats are good for studying but sticking to the plan you built and you trust is much more better than sharing bias, at least when you'll lose you'll know what to tweak in your system and you'll not blame anyone but yourself.
"Hate the sin, love the sinner." - Gandhi
  • #197,707
  • Sep 15, 2009 9:11pm Sep 15, 2009 9:11pm
Quoting Raza
All the Best to you...

I had been there...blown few accounts.. Still not a PRO..like some on this Forum... But Applying Proper MM..

Great to have you BACK HERE.

every PRO must blow 1 or 2 accounts i never heard of some one didn't blow a single account hehe

i blown 3 acounts since i started forex few years back

but right now i learned the game and thank god for that

if u didn't make mistake you will not learn so blowing acc was the mistake before and we learned from our mistakes and try to avoid it
  • #197,708
  • Sep 15, 2009 9:11pm Sep 15, 2009 9:11pm
Quoting msniper
from where u learned that ?

thats wrong it can be lower there is no problem

but most important it shouldn't go below the head and it should be similar in the shape of left shoulder not important same size even only shape is enough

http://www.babypips.com/wiki/images/...-shoulders.gif

http://www.thestockbandit.com/images...ers-bottom.gif

http://www.chartpatterns.com/images/huinvhs.gif
SOME HAVE READ ALL THE BOOKS ..BUT.. did not understand them///
Markets are not Random, they are designed!
  • #197,709
  • Sep 15, 2009 9:14pm Sep 15, 2009 9:14pm
Quoting Raza
SOME HAVE READ ALL THE BOOKS ..BUT.. did not understand them///
you need to change dealers dude

dont bother replying i`m not gonna be able to see it
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #197,710
  • Sep 15, 2009 9:15pm Sep 15, 2009 9:15pm
Quoting Que
I had to learn a few mistakes,... Wish me luck...

Que
Hi interesting story, we don't know each other but I think every treader can relate, too much success can go to your head.

Investment is said to be a "team sport" don't abandon your team just ignore the noise...

To all those quick to make off hand remarks I would like to reiterate, we all trade our systems. If my insight doesn't sot you move on...

Happy treads and much love

By the way MS, I am bullish-ish (told you so 1st thing this morning...)
  • #197,711
  • Sep 15, 2009 9:16pm Sep 15, 2009 9:16pm
Quoting Que
I had to learn a few mistakes, then take time to digest my problems and fix them.

Had some stupid problems last year. After my son got better I started trading again last year. I hit a crazy run of great trades. I think I was running around 87% winners 5 months in a row. I was in the top 20 on the IBFX contest thing all 5 months. Then I got stupid and started thinking my shit did not stink. I was making indicators for everyone and there brother and people were sending me donations. Between trading and donations, I turned a $1000 account into an...
Good luck and nice to have you back
  • #197,712
  • Sep 15, 2009 9:18pm Sep 15, 2009 9:18pm
Quoting Raza
SOME HAVE READ ALL THE BOOKS ..BUT.. did not understand them///
forex doesn't need people who studied books or joined institute and have degrees. i dont believe on those people

i only believe in talents

if u have the talents which is not available in any person u will be a winner and a professional with books help

some people can set and stare at a chart and can't even see a H&S or a triangle because they dont have the talents to read and focus to a naked chart
  • #197,713
  • Sep 15, 2009 9:21pm Sep 15, 2009 9:21pm
Aye, and I really love being part of the team. The people who do / did know me know that I love giving back to the community (indicators, charts, mm spreadsheets etc...). Greed and ego battle it out as the traders worst enemy. I met both and they won as usual. I believe I have that under control now and I hope I can get back to the process of slowly turning this into a subsidized income and hopefully eventually into a career.

Que

Quoting Agaba130
Hi interesting story, we don't know each other but I think every treader can relate, too much success can go to your head.

Investment is said to be a "team sport" don't abandon your team just ignore the noise...

To all those quick to make off hand remarks I would like to reiterate, we all trade our systems. If my insight doesn't sot you move on...

Happy treads and much love

By the way MS, I am bullish-ish (told you so 1st thing this morning...)
Que
  • #197,714
  • Sep 15, 2009 9:22pm Sep 15, 2009 9:22pm
Quoting msniper
every PRO must blow 1 or 2 accounts i never heard of some one didn't blow a single account hehe

i blown 3 acounts since i started forex few years back

but right now i learned the game and thank god for that

if u didn't make mistake you will not learn so blowing acc was the mistake before and we learned from our mistakes and try to avoid it
true.. very true..
  • #197,715
  • Sep 15, 2009 9:24pm Sep 15, 2009 9:24pm
Quoting Raza
There is GREEK EAGLE who is suspended I think...And Forex LION.

Malcolmb Goes whichever way the Wind Blows.

note... Karmo said Today .. weekly QQE ( he is the master of it) has CROSSED DOWN...Super Bearish.
no get it right .... I go which ever way the 15 min trend is going ....

I closed long for wow .. 5 whole pips..... taking to long to move up zero buying pressure

I wish the gj would move up so that i can sell at 150.70 zone

I am still bearish to 135 November as per post last week.... just taking time to get there. In the mean time day trading Gu this week seems to be working well for me

1.6520 was retrace and IF this holds wave 5 moves down to 1.6300 zone overnight as mentioned in my trade plan in us session

if 1.6600 breaks to upside then this down channel can be considered a bull flag
Blogging daily now at www.volume.zone
  • #197,716
  • Sep 15, 2009 9:27pm Sep 15, 2009 9:27pm
Quoting Que
Malc, Karmo and Orion all have very good insight that should not be ignored. Those are definitely three names I like seeing post.

That being said, no one should follow someone else's trades. Use that insight in conjunction with what you are seeing on your charts.

Like now, I am not sure how Orion is going, but I believe Karmo is short (Obviously a genius) and Malc is long (A genius who bumped his head this morning...)

Que
hi que .. how the devil r u ?

overall selling gj when possible... really hate being long gj for some reason , even intraday make me nervous.

GU i am trading both ways as it seems to be forming really nice moves of 100 pip swings , which is more than I can say for gj these days
Blogging daily now at www.volume.zone
  • #197,717
  • Sep 15, 2009 9:28pm Sep 15, 2009 9:28pm
Quoting malcolmb14
no get it right .... I go which ever way the 15 min trend is going ....

I closed long for wow .. 5 whole pips..... taking to long to move up zero buying pressure

I wish the gj would move up so that i can sell at 150.70 zone

I am still bearish to 135 November as per post last week.... just taking time to get there. In the mean time day trading Gu this week seems to be working well for me

1.6520 was retrace and IF this holds wave 5 moves down to 1.6300 zone overnight as mentioned in my trade plan in us session

if 1.6600 breaks to upside...

...I meant Scalp MAlcolmb. which is a GOOD THING..

Learnt things from you...which I probably would had never known..
Markets are not Random, they are designed!
  • #197,718
  • Sep 15, 2009 9:30pm Sep 15, 2009 9:30pm
Quoting Raza
...I meant Scalp MAlcolmb. which is a GOOD THING..

Learnt things from you...which I probably would had never known..

today SSE down .... taking gj down....

I was hoping for a nice retrace in Asia so that i sell just before bed...lol
Blogging daily now at www.volume.zone
  • #197,719
  • Sep 15, 2009 9:34pm Sep 15, 2009 9:34pm
15 min chart .... 1.6560 holds targets 1.6330 / 1.6220

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Attached Image (click to enlarge)
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Blogging daily now at www.volume.zone
  • #197,720
  • Sep 15, 2009 9:37pm Sep 15, 2009 9:37pm
Shorting GJ and GU too, here's my cart
Also h4 is below gann hi lo activator on GU wich is another sell signal, the daily chart is also overbought on both pairs.
Sticking to the plan that I made on Sunday, already got profits from the fall of gbp usd and jpy.
"Hate the sin, love the sinner." - Gandhi
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