Auslanco - GBP/JPY and GBP/USD (newstrade) | Page 10752 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY, GBP/USD

Similar Threads

Auslanco-GBP/JPY Strength Indicator strategy 345 replies

Auslanco 15min GBP/JPY startegy 630 replies

My MT4 indicators for Auslanco's strategy 92 replies

Auslanco 15 minute Strategy Oanda FXManager Updates.. 62 replies

Questions About Auslanco's Trades 72 replies

Attachments: Auslanco - GBP/JPY and GBP/USD (newstrade)
Exit Attachments

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

  • #215,021
  • Feb 9, 2010 7:03pm Feb 9, 2010 7:03pm
my expect for GJ today plus most strong reversing levels
Attached Image (click to enlarge)
Click to Enlarge Name: GJ1H.png Size: 56 KB
  • #215,022
  • Feb 9, 2010 8:36pm Feb 9, 2010 8:36pm
Saw a good sell setup..a fake-out of h4 and h1 top fractal in gj and ej..still holding at 50+pip..sl+1 pip.

Let us see what happen at dpp..maybe need to close partially there
  • #215,023
  • Feb 9, 2010 8:40pm Feb 9, 2010 8:40pm
Quoting Tdm
After loosing money you are not able to stay in and see again looses.
I am trying to get some 50-100 pips. and yesterday and today price action and Friday too sugested a bottom for now. and also a rebound. at list in my view. I was pretty sure. but than couldn't hold my long and. took a loss.
A few hours later everything happens as i tough would.
But I wasn't on board.

Now I'm pretty sure it can have a correction maybe to 140.5 area.
but than it doesn't, so i get long again. than it goes down to 140,1 and news about greece is comming again....
Anything that's worth it is hard. I think most people's problem with trading is that they are overleveraged. The market is setup to scare you out of you're posistions so you have to keep them reasonably sized to not trade scared. I've been trading a long time and I can tell you that my best trades are when I'm not thinking about them all the time. If you take a trade and you can't walk away from the computer screen then you're posistion size is too big. Stick with it, it gets easier, everyone pays their dues.
Without a trade plan, say bye bye to your account & hello to frustration.
  • #215,024
  • Feb 9, 2010 8:42pm Feb 9, 2010 8:42pm
Quoting PipinStein
Anything that's worth it is hard. I think most people's problem with trading is that they are overleveraged. The market is setup to scare you out of you're posistions so you have to keep them reasonably sized to not trade scared. I've been trading a long time and I can tell you that my best trades are when I'm not thinking about them all the time. If you take a trade and you can't walk away from the computer screen then you're posistion size is too big. Stick with it, it gets easier, everyone pays their dues.
most people's problem maybe people tend to think they have to be in the market all the time.
  • #215,025
  • Feb 9, 2010 8:49pm Feb 9, 2010 8:49pm
Quoting Tdm
This pair is very hard.
In this volatile pair..the right entry is vital. Just make sure to sell at resistant and buy at support. Breakout play is sometimes risky as you might get caught in a fake-out.. That is why I prefer for a pair to make a new resistant or support level b4 I get my entry. The draw down can be minimal.
  • #215,026
  • Feb 9, 2010 9:07pm Feb 9, 2010 9:07pm
Quoting pkimnyc
most people's problem maybe people tend to think they have to be in the market all the time.
Yup, that was my problem for a long time. I'd think- I can't be making $$$ if I'm not in... so I'd be in just for the heck of it even if I didn't see a trade. Stupid method there...

Get pickier on the trades, get more sleep, make more pips... not a bad way to be. ;-)
  • #215,027
  • Feb 9, 2010 9:09pm Feb 9, 2010 9:09pm
Quoting AllDayIrish
Yup, that was my problem for a long time. I'd think- I can't be making $$$ if I'm not in... so I'd be in just for the heck of it even if I didn't see a trade. Stupid method there...

Get pickier on the trades, get more sleep, make more pips... not a bad way to be. ;-)
  • #215,028
  • Feb 9, 2010 9:12pm Feb 9, 2010 9:12pm
Quoting Tdm
After loosing money you are not able to stay in and see again looses.
I am trying to get some 50-100 pips. and yesterday and today price action and Friday too sugested a bottom for now. and also a rebound. at list in my view. I was pretty sure. but than couldn't hold my long and. took a loss.
A few hours later everything happens as i tough would.
But I wasn't on board.

Now I'm pretty sure it can have a correction maybe to 140.5 area.
but than it doesn't, so i get long again. than it goes down to 140,1 and news about greece is comming...

losing is part of the game and GJ is not for newbie but i learn fx with gj so if u ready to lose money on GJ u will kill gj when u understand it...i was like u but i am brave and confident to learn and solve the reason of my failure , now i trade gj for fun.....u will learn it in hard way......when people scared of GJ i dont i am even scared of eu ....be patient and keep trying ..
MY OPINION NOT FINANCIAL ADVISE
  • #215,029
  • Feb 9, 2010 9:16pm Feb 9, 2010 9:16pm
Quoting PipinStein
Anything that's worth it is hard. I think most people's problem with trading is that they are overleveraged. The market is setup to scare you out of you're posistions so you have to keep them reasonably sized to not trade scared. I've been trading a long time and I can tell you that my best trades are when I'm not thinking about them all the time. If you take a trade and you can't walk away from the computer screen then you're posistion size is too big. Stick with it, it gets easier, everyone pays their dues.
Advice. It takes a while to learn though
  • #215,030
  • Feb 9, 2010 9:17pm Feb 9, 2010 9:17pm
i heard great traders are not because they are right all the time.
i heard they have more losing trades than winnings, but they know how to manage money.
  • #215,031
  • Feb 9, 2010 9:24pm Feb 9, 2010 9:24pm
139.80 and 138.23 might be in the cards.

Or it might bounce off the BOUNCER and then re-top out for a push down...

Have to get all three indys to cross together, but we'll see.

IMHO
Attached Image (click to enlarge)
Click to Enlarge Name: GJ my take.jpg Size: 178 KB
  • #215,032
  • Feb 9, 2010 9:30pm Feb 9, 2010 9:30pm
For all the people that have problems to tame this beast, it might be a good idea to buy the e-book "Bird Watching In Lions Country".
You will soon find out that this is $97.00 very well spent.

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #215,033
  • Feb 9, 2010 9:31pm Feb 9, 2010 9:31pm
Quoting pkimnyc
most people's problem maybe people tend to think they have to be in the market all the time.
an excellence word ...
  • #215,034
  • Feb 9, 2010 9:32pm Feb 9, 2010 9:32pm
Quoting pilotui
139.80 and 138.23 might be in the cards.

Or it might bounce off the BOUNCER and then re-top out for a push down...

Have to get all three indys to cross together, but we'll see.

IMHO
This would be tough nut to crack
  • #215,035
  • Feb 9, 2010 9:38pm Feb 9, 2010 9:38pm
Quoting donfriday
losing is part of the game and GJ is not for newbie but i learn fx with gj so if u ready to lose money on GJ u will kill gj when u understand it...i was like u but i am brave and confident to learn and solve the reason of my failure , now i trade gj for fun.....u will learn it in hard way......when people scared of GJ i dont i am even scared of eu ....be patient and keep trying ..
scared of GJ? I too am more scared of losing pips in EU than GJ.
EN EA's more fun though
  • #215,036
  • Feb 9, 2010 10:11pm Feb 9, 2010 10:11pm
Quoting Eulogy
scared of GJ? I too am more scared of losing pips in EU than GJ.
EN EA's more fun though
140 was a clear minor resss.. i mention wait for a clear break above 140 on 1 hour,for a buy option..ress/supp..

trading is real easy if you are patient and can understand supp and ress..

so we had a clear break above 140,for more the conservatives who did not enter on breakouts, and wait for the break above 140 and we are now in a parabola U turn to retest 140 for a possible break higer to 143...

you had now time in the world to place a safe buy at 139.90 for 143.30..

trading is easy,if you are patient and dont try to be in the market all of the time and understand how supp& ress works..

i place a buy pending order at 139.90 stop below 139.12 and a easy ride to 143 somewhwere..
  • #215,037
  • Feb 9, 2010 10:17pm Feb 9, 2010 10:17pm
Quoting pkimnyc
most people's problem maybe people tend to think they have to be in the market all the time.
very wise word. Unfortunately I am doing that too and irony of the situation is I make more money when I am away and less or less when I am with this bloody PC.
  • #215,038
  • Feb 9, 2010 10:19pm Feb 9, 2010 10:19pm
Forex trading is real easy that 97% lose money all the time..



Quoting Gucc
140 was a clear minor resss.. i mention wait for a clear break above 140 on 1 hour,for a buy option..ress/supp..

trading is real easy if you are patient and can understand supp and ress..

so we had a clear break above 140,for more the conservatives who did not enter on breakouts, and wait for the break above 140 and we are now in a parabola U turn to retest 140 for a possible break higer to 143...

you had now time in the world to place a safe buy at 139.90 for 143.30..

trading is easy,if you are patient and dont try to be in the...
Attached Image
[
  • #215,039
  • Feb 9, 2010 10:21pm Feb 9, 2010 10:21pm
We might be ranging for the next couple of hours between 140.80 and 140.50
Attached Image (click to enlarge)
Click to Enlarge Name: gj 02-09 15m.gif Size: 29 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #215,040
  • Feb 9, 2010 10:35pm Feb 9, 2010 10:35pm
Quoting Gucc
140 was a clear minor resss.. i mention wait for a clear break above 140 on 1 hour,for a buy option..ress/supp..

trading is real easy if you are patient and can understand supp and ress..

so we had a clear break above 140,for more the conservatives who did not enter on breakouts, and wait for the break above 140 and we are now in a parabola U turn to retest 140 for a possible break higer to 143...

you had now time in the world to place a safe buy at 139.90 for 143.30..

trading is easy,if you are patient and dont try to be in the...
was fx easy when u use to lose money and slap ur pc?
MY OPINION NOT FINANCIAL ADVISE
79 traders viewing now