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

  • #215,041
  • Feb 9, 2010 10:38pm Feb 9, 2010 10:38pm
Quoting rgitt05
Forex trading is real easy that 97% lose money all the time..

i cant see even 99% will make it after a year or 2..

that figures of 97% is stats from all who start the very first day...

what is the stats from traders after 5 to 8 years ?? not even close to 90%,,more like 60 to 80,,dont know ..

trading is easy!!
  • #215,042
  • Feb 9, 2010 10:48pm Feb 9, 2010 10:48pm
Quoting donfriday
was fx easy when u use to lose money and slap ur pc?

don,,i learn the hard way,, i started fx in 2000.. went on a fx courses ,demo 3 months and started a live acc.. after 6 months,,bang,wiped it.. it took me 5 years to see some light . ive wiped more than 6 acc of min. deposit of 3k$,and traded from 3k on std lots,,there was no mini acc's back then,i dont know when that start,but i learn from std lot size.. but i was a looser for 5 years,but never quit..from day one,there was not one single day that i missed a day not looking at charts,, when i was wiped out,still even had 3 to 4 hours look a tthe charts.. maybe i was born to be one,dont know...i travelled the world and work all over and safe for my next deposit,, went to the UK 8 years to work and safe the money for my fx... it was a hard learning way for me..but i never quit..

Theres nothing more entertaining then watching price movement live on your screen. If i have a choice between euro/chf (arguably the worlds most boring instrument to trade) and a world cup final, i would choose my charts. Trading forex is my only vice, and i love it.
  • #215,043
  • Feb 9, 2010 11:01pm Feb 9, 2010 11:01pm
Guys, thanks for all the help

I have both problems.
- I'm always in the market
- I don't have patience.
  • #215,044
  • Feb 9, 2010 11:04pm Feb 9, 2010 11:04pm
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.

[b]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...
Ok at list i knew from the begining.
Was my analysis corect ? Did it retrace to 140.5
YES.
Did I wait ?
No.
Am I long ?
Yes. from 141.
Am I already scared of a big loss
Yes.
So I am probably going to freak out on my loss
I am doing this mistake over and over again.
  • #215,045
  • Feb 9, 2010 11:13pm Feb 9, 2010 11:13pm
I've went long on GBP/JPY and short on EUR/USD and went to sleep


So now I've closed the short (euro) and I'm left with long on GJ.
Let's see how long can I hold it.
  • #215,046
  • Feb 9, 2010 11:24pm Feb 9, 2010 11:24pm
UJ is going down, GU is going down.
That's the best price action to be long.
  • #215,047
  • Feb 9, 2010 11:36pm Feb 9, 2010 11:36pm
Quoting Tdm
Guys, thanks for all the help

I have both problems.
- I'm always in the market
- I don't have patience.
Well in that case market will solve your problems........
Don't be a hero. Don't have an ego. Always question yourself
  • #215,048
  • Feb 9, 2010 11:36pm Feb 9, 2010 11:36pm
Quoting Tdm
UJ is going down, GU is going down.
That's the best price action to be long.
Hi, Tdm, sorry to hear about your wrong side at your current trade.
Anyway, I don't know how big of a drawdown you can afford, but according to my charts, gj has good potential to reach the area in circle. The price is above 4hr Gann, but QQE is still bearish, so I would expect it to bounce of to the upside today/ tomorrow for the top of the bear flag TL it is forming, plus 4hr 50ema. However, if the Gann on 4hr charts flips to the top side - there is a great chance of a breakout from the bear flag.
Both scenarious are quite possible, but I won't put any bias. Charts will tell...
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 28 KB
  • #215,049
  • Feb 9, 2010 11:40pm Feb 9, 2010 11:40pm
Quoting pipsbull
Hi, Tdm, sorry to hear about your wrong side at your current trade.
Anyway, I don't know how big of a drawdown you can afford, but according to my charts, gj has good potential to reach the area in circle. The price is above 4hr Gann, but QQE is still bearish, so I would expect it to bounce of to the upside today/ tomorrow for the top of the bear flag TL it is forming, plus 4hr 50ema. However, if the Gann on 4hr charts flips to the top side - there is a great chance of a breakout from the bear flag.
Both scenarious are quite possible, but I won't...
Hi pipsbull, thank you for sharing you view.
Can you help me get Gann and qqe indicators..
I'm also using ema's but not the 50'. I will look at it

Thank you again
  • #215,050
  • Feb 9, 2010 11:42pm Feb 9, 2010 11:42pm
rumours that China is ordering the selling of all US denominated debts without explicit guarantees
  • #215,051
  • Feb 9, 2010 11:46pm Feb 9, 2010 11:46pm
Quoting Eulogy
rumours that China is ordering the selling of all US denominated debts without explicit guarantees
What are the chances to switch to UK debt or maybe Greece ?
  • #215,052
  • Feb 9, 2010 11:46pm Feb 9, 2010 11:46pm
Quoting Tdm
Hi pipsbull, thank you for sharing you view.
Can you help me get Gann and qqe indicators..
I'm also using ema's but not the 50'. I will look at it

Thank you again
My pleasure,
Here are the indies, but it is very important to apply'em on the platform which Auslanco advised. I think it was Alpari's, and all due to the different candles close.
Attached File(s)
File Type: mq4 Gann HiLo ActivatorV2.mq4   3 KB | 379 downloads
File Type: mq4 QQE.mq4   3 KB | 326 downloads
  • #215,053
  • Feb 9, 2010 11:57pm Feb 9, 2010 11:57pm
Quoting pipsbull
My pleasure,
Here are the indies, but it is very important to apply'em on the platform which Auslanco advised. I think it was Alpari's, and all due to the different candles close.
Thank you
  • #215,054
  • Feb 10, 2010 12:28am Feb 10, 2010 12:28am
Just wondering, (I'm not very familiar with this),
is this a valid "cup and handle"?

Anyone? .................
Attached Image (click to enlarge)
Click to Enlarge Name: gj 02-09 1h.gif Size: 31 KB
New voice message: Why are you calling me? If I need you, I'll call you!
  • #215,055
  • Feb 10, 2010 12:34am Feb 10, 2010 12:34am
Quoting KillerWhale
Just wondering, (I'm not very familiar with this),
is this a valid "cup and handle"?

Anyone? .................
In my experience Cup and Handles usually see a more pronounced and quicker retracement. On that pattern it looks like a bit more consolidation on the top than i would usually find but it may still be valid. Hard to say.....
  • #215,056
  • Feb 10, 2010 12:40am Feb 10, 2010 12:40am
Quoting Eulogy
In my experience Cup and Handles usually see a more pronounced and quicker retracement. On that pattern it looks like a bit more consolidation on the top than i would usually find but it may still be valid. Hard to say.....
Thanks Eulogy,
I'll be prepared for anything.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #215,057
  • Feb 10, 2010 1:11am Feb 10, 2010 1:11am
Quoting Gucc
don,,i learn the hard way,, i started fx in 2000.. went on a fx courses ,demo 3 months and started a live acc.. after 6 months,,bang,wiped it.. it took me 5 years to see some light . ive wiped more than 6 acc of min. deposit of 3k$,and traded from 3k on std lots,,there was no mini acc's back then,i dont know when that start,but i learn from std lot size.. but i was a looser for 5 years,but never quit..from day one,there was not one single day that i missed a day not looking at charts,, when i was wiped out,still even had 3 to 4 hours look a tthe...


HI Gucc! you just wrote my story on this post. but the only diff. is that mine is 3 years.
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  • #215,058
  • Feb 10, 2010 1:47am Feb 10, 2010 1:47am
Looks like chopping of wood by GY. I'm not a fan of this go nowhere and completely illogical and unexplainable non-S/R/Fibs PA; could be waiting for BOE and #'s due in 90+ min. Heavy resistance by UJ @ 89.8 and 90. Was surprised to see GY stop @ 140.2 and not go down to 139.9ish - am still holding on to shorts to see what happens when it gets there.
  • #215,059
  • Feb 10, 2010 1:49am Feb 10, 2010 1:49am
Quoting pipsbull
My pleasure,
Here are the indies, but it is very important to apply'em on the platform which Auslanco advised. I think it was Alpari's, and all due to the different candles close.

... the indicator which you attached is not correct .... the correct one is on attachment (made by Mr. QUE). By the way to know which one is the correct one just check with SMA 10 (HIGH or LOW) by Gann Hilo with setting lookback 10.

trade well ....

dogol
Attached File(s)
File Type: ex4 ###Gann_HiLo_Activator_V2###.ex4   2 KB | 260 downloads
  • #215,060
  • Feb 10, 2010 1:56am Feb 10, 2010 1:56am
Quoting Beljevina
Looks like chopping of wood by GY. I'm not a fan of this go nowhere and completely illogical and unexplainable non-S/R/Fibs PA; could be waiting for BOE and #'s due in 90+ min. Heavy resistance by UJ @ 89.8 and 90. Was surprised to see GY stop @ 140.2 and not go down to 139.9ish - am still holding on to shorts to see what happens when it gets there.
Beljevina,
where do you see that heavy resistance for UJ at 89.8 and 90?
Can't see it in hourly:

Attached Image (click to enlarge)
Click to Enlarge Name: Picture0046.png Size: 21 KB
Don't be a hero. Don't have an ego. Always question yourself
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