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

  • #203,861
  • Oct 15, 2009 8:00pm Oct 15, 2009 8:00pm
Quoting OrionsWay
yea now u can take a few buddies out to McD for midnight snaks with them 40 pips

i want them new 1/3 with tall coke and fries

that is how i trade

30 pip a day 1.5% risk on account , 2.5 k to 2.5 mill 30 months .... do the math for month 30 to 60 , now just got to work out what broker to use need institutional one
Blogging daily now at www.volume.zone
  • #203,862
  • Oct 15, 2009 8:01pm Oct 15, 2009 8:01pm
Quoting OrionsWay
yea now u can take a few buddies out to McD for midnight snaks with them 40 pips

i want them new 1/3 with tall coke and fries
make that choc shake, scratch the coke
"Millionaires don't use astrology, billionaires do"
  • #203,863
  • Oct 15, 2009 8:01pm Oct 15, 2009 8:01pm
NICE!!!

I am still in- Cable (6047) - dragon longs from last night. (oddly this dragon trade is one of my best to date.)
Fibre long. from 4944 (not holding this for days unless we blow thru 4968

Quoting malcolmb14
in as planned , out as planned

done for asia...

might stay up for UK session tonight
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #203,864
  • Oct 15, 2009 8:03pm Oct 15, 2009 8:03pm
lol, the two can dine coupons!

Quoting OrionsWay
make that choc shake, scratch the coke
  • #203,865
  • Oct 15, 2009 8:04pm Oct 15, 2009 8:04pm
Quoting malcolmb14
that is how i trade

30 pip a day 1.5% risk on account , 2.5 k to 2.5 mill 30 months .... do the math for month 30 to 60 , now just got to work out what broker to use need institutional one
malcomb can u tell me what do u see in these up mover on low volume
  • #203,866
  • Oct 15, 2009 8:06pm Oct 15, 2009 8:06pm
Quoting XTrade
NICE!!!

I am still in- Cable (6047) - dragon longs from last night. (oddly this dragon trade is one of my best to date.)
Fibre long. from 4944 (not holding this for days unless we blow thru 4968
nice ....

I am rubbish at holding anything for a period of time , closed my long gj off 143.20 at 148.5 test and been day trading a little here and there


some people are just better at day trading then swing trading . Swing trading i seem good analyist...but crap trader lol . I much prefer a hit and run style of trading , being in the market 1 - 3 hrs tops
Blogging daily now at www.volume.zone
  • #203,867
  • Oct 15, 2009 8:09pm Oct 15, 2009 8:09pm
Quoting sometospend
malcomb can u tell me what do u see in these up mover on low volume

could be some form of mark up .... but with buying in the back ground i think we are continuing the up move from US session .

The odd thing is we have had no retracement at all .. none..... even last year when we had these insane moves retraces were 250 pip ....
Blogging daily now at www.volume.zone
  • #203,868
  • Oct 15, 2009 8:11pm Oct 15, 2009 8:11pm
Quoting malcolmb14
that is how i trade

30 pip a day 1.5% risk on account , 2.5 k to 2.5 mill 30 months .... do the math for month 30 to 60 , now just got to work out what broker to use need institutional one
The problem is the LOT SIZE ... more than 100 standard lot per click maybe it is difficult with scalping strategy on 5 min chart because of longer execution time ... maybe you should have a currenex broker with very good liquidity ... i think it doesnt work with MT4 buckshop ....

My experience with 50 standard lots by MT4 broker ... it took sometimes a couple of minutes ... dangerous ...
  • #203,869
  • Oct 15, 2009 8:20pm Oct 15, 2009 8:20pm
Quoting dogol
The problem is the LOT SIZE ... more than 100 standard lot per click maybe it is difficult with scalping strategy on 5 min chart because of longer execution time ... maybe you should have a currenex broker with very good liquidity ... i think it doesnt work with MT4 buckshop ....

My experience with 50 standard lots by MT4 broker ... it took sometimes a couple of minutes ... dangerous ...

not up to 100 lots yet ...lol.... only in my dreams

but I could see market depth being an issue and not getting fills

I think there are ecn brokers like dukas or png out of New York that could hanlde that kind of trade
Blogging daily now at www.volume.zone
  • #203,870
  • Oct 15, 2009 8:23pm Oct 15, 2009 8:23pm
I'll have to remember that, Thanks for your input on this board, malcolmb14.

Quoting malcolmb14
that is how i trade

30 pip a day 1.5% risk on account , 2.5 k to 2.5 mill 30 months .... do the math for month 30 to 60 , now just got to work out what broker to use need institutional one
  • #203,871
  • Oct 15, 2009 8:29pm Oct 15, 2009 8:29pm
I know what you mean man!

It was near impossible to not open platform today.

What I did was check Bloomberg. although the rates are somewhat different
than brokers...

Anyway, there have been 3 super profitable swing trades I have made in my short career.

I love sitting in front of the screen and getting in out for a few hours.
Problem is I ventured out last night into uncharted territory. GBP/AUD.
Won then lost more than the winnings...

famous last words "had I only looked for these setups" I would be up a great deal... But I have had many poor entries and let some losers ride too long. But from the learning process, (from guys like you and the other fine traders here) I am having much more success than failure!

Confidence is key!

Now skeptical about not tp on dragon.. It is only one lot. fortunately cable is 2.
I still think on slight retrace we may hit .50 dragon.

Wonder what the LDN BOYZ will do about this. Not sure I want to find out... we'll see.
G/L ALL!

Quoting malcolmb14
nice ....

I am rubbish at holding anything for a period of time , closed my long gj off 143.20 at 148.5 test and been day trading a little here and there


some people are just better at day trading then swing trading . Swing trading i seem good analyist...but crap trader lol . I much prefer a hit and run style of trading , being in the market 1 - 3 hrs tops
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #203,872
  • Oct 15, 2009 8:37pm Oct 15, 2009 8:37pm
Hi Malc,

Can you please tell me how can I find a good source on Muerrey math lines?
I installed you MM indicator...it is amazing how GJ works w/ that.

Thank you.

Quoting malcolmb14
in as planned , out as planned

done for asia...

might stay up for UK session tonight

Attachment
  • #203,873
  • Oct 15, 2009 9:01pm Oct 15, 2009 9:01pm
Quoting malcolmb14
could be some form of mark up .... but with buying in the back ground i think we are continuing the up move from US session .

The odd thing is we have had no retracement at all .. none..... even last year when we had these insane moves retraces were 250 pip ....
Hi malc, I am smelling a short squeeze, much like the one which took place late December 08 in low vol markets while nobody was really looking.

Liquidity providers start contacting the brokers they work with to say "hey remember those jillion contracts we loaned out to you so your clients could go G/U short? Well, we want them back."

Forced redemptions I think it is called, lots of of material on the ZeroHedge website about it. Mostly seems GS and JPM responsible (as usual?).
  • #203,874
  • Oct 15, 2009 9:04pm Oct 15, 2009 9:04pm
Quoting OrionsWay
yea now u can take a few buddies out to McD for midnight snaks with them 40 pips

i want them new 1/3 with tall coke and fries
40 pips for McD? what lot size are you trading?

What Malcomb is saying is absolutely correct.

A standard lot size is 10USD a pip. With good money management and proper RR you can grow your account exponentially.

As you increase your lot size to stay within the 2% risk management rules, the last 12 months on a 3 year plan has the highest return.

Following a very basic investment strategy you can hit this target on 40 pips a day.
  • #203,875
  • Oct 15, 2009 9:07pm Oct 15, 2009 9:07pm
good luck to you all.... lol
  • #203,876
  • Oct 15, 2009 9:10pm Oct 15, 2009 9:10pm
Quoting Fudomyo
40 pips for McD? what lot size are you trading?

What Malcomb is saying is absolutely correct.

A standard lot size is 10USD a pip. With good money management and proper RR you can grow your account exponentially..........
Depends on what you trading

100k GBPJPY nope not 10USD/pip close though its about $11
100k XAUUSD hell no
  • #203,877
  • Oct 15, 2009 9:24pm Oct 15, 2009 9:24pm
That would be cool by me.

Quoting sinner-
Hi malc, I am smelling a short squeeze, much like the one which took place late December 08 in low vol markets while nobody was really looking.

Liquidity providers start contacting the brokers they work with to say "hey remember those jillion contracts we loaned out to you so your clients could go G/U short? Well, we want them back."

Forced redemptions I think it is called, lots of of material on the ZeroHedge website about it. Mostly seems GS and JPM responsible (as usual?).
  • #203,878
  • Oct 15, 2009 9:28pm Oct 15, 2009 9:28pm
Quoting Eulogy
Depends on what you trading

100k GBPJPY nope not 10USD/pip close though its about $11
100k XAUUSD hell no

I was basing it off the GY and rounding the number for discussion sake.

Usually I think in yen, so for me, 1,000JPY is the nearest equivalent to 10USD.
Lately with the strong yen, it's been around 1,000JPY a pip.
  • #203,879
  • Oct 15, 2009 9:32pm Oct 15, 2009 9:32pm
It doesn't want to stop .. lol
  • #203,880
  • Oct 15, 2009 9:34pm Oct 15, 2009 9:34pm
are you refering to GJ? its making a push for 148.67
Quoting mktjong
It doesn't want to stop .. lol
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