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

  • #219,701
  • Mar 29, 2010 12:07pm Mar 29, 2010 12:07pm
Quoting Paisa954
I does not matter how many times you are right or wrong is all about your risk management..
Ummm... not sure why you quoted me here. That's exactly what I was saying without saying it.
check out my blog: forexmademillionaire dot com
  • #219,702
  • Mar 29, 2010 1:42pm Mar 29, 2010 1:42pm
I have been working on a new system for this crazy pair.
I am getting close.
This is demo however it's all price action so more or less this would be the same on a live account. All the canceled order you see for lot size 10.20 means that the account balance did not have enough to fill the next order so the last trade stayed at 6.80 until it hit the TP.

Now this is done with a EA however it can be done manually without a problem. It only needs a little more fine tuning and then I will share it with the group..
Dean
http://www.mt4i.com/users/gpb_jpy_holy_grail
  • #219,703
  • Mar 29, 2010 2:36pm Mar 29, 2010 2:36pm
Haha.., every one hold position.
Maybe up, maybe down..
Where is the master?
What is your statement now..

Well, it just only market politic, who know?
----->>------>>
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  • #219,704
  • Mar 29, 2010 2:40pm Mar 29, 2010 2:40pm
Quoting Ekadaya
Haha.., every one hold position.
Maybe up, maybe down..
Where is the master?
What is your statement now..

Well, it just only market politic, who know?
----->>------>>
My reason:
http://www.forexfactory.com/showthre...582&page=14646
  • #219,705
  • Mar 29, 2010 2:43pm Mar 29, 2010 2:43pm
Can you please share all the indicators that are used to give you a trend signal..
Thanks
Dean


Quoting Ekadaya
Haha.., every one hold position.
Maybe up, maybe down..
Where is the master?
What is your statement now..

Well, it just only market politic, who know?
----->>------>>
  • #219,706
  • Mar 29, 2010 2:49pm Mar 29, 2010 2:49pm
Quoting dean walker
Can you please share all the indicators that are used to give you a trend signal..
Thanks
Dean
1. Linear Regression
2. Awsome Oscilator
3. MA 60, MA 15, MA 5
4. Stochastic
5. Ferru FX
6. Alligator
7. KG Wave System (Indicator from Kang Gun)
8. Ende Rahma (Indicator from Enderahma)

TF 15M, TF 1H, TF 4H, TF 1Day

Goodluck.
  • #219,707
  • Mar 29, 2010 2:53pm Mar 29, 2010 2:53pm
Quoting dean walker
I have been working on a new system for this crazy pair.
I am getting close.
This is demo however it's all price action so more or less this would be the same on a live account. All the canceled order you see for lot size 10.20 means that the account balance did not have enough to fill the next order so the last trade stayed at 6.80 until it hit the TP.

Now this is done with a EA however it can be done manually without a problem. It only needs a little more fine tuning and then I will share it with the group..
Dean
http://www.mt4i.com/users/gpb_jpy_holy_grail...
Would you share the script of that EA, may be i can learning more from your EA. You can send me to my email: [email protected]
(sorry my english is poor)

Thanks you Dean
Ekadaya.
  • #219,708
  • Mar 29, 2010 2:59pm Mar 29, 2010 2:59pm
The script will not do you any good. It's my EA however I am using it in ways that are much different than the script.
When I get it done I will share how to do the same thing manually without a ea.
Dean




Quoting Ekadaya
Would you share the script of that EA, may be i can learning more from your EA. You can send me to my email: [email protected]
(sorry my english is poor)

Thanks you Dean
Ekadaya.
  • #219,709
  • Mar 29, 2010 3:01pm Mar 29, 2010 3:01pm
Thank you now how many of those indicators are combined in one indicator that will give you the trend.
Thanks
Dean


Quoting Ekadaya
1. Linear Regression
2. Awsome Oscilator
3. MA 60, MA 15, MA 5
4. Stochastic
5. Ferru FX
6. Alligator
7. KG Wave System (Indicator from Kang Gun)
8. Ende Rahma (Indicator from Enderahma)

TF 15M, TF 1H, TF 4H, TF 1Day

Goodluck.
  • #219,710
  • Mar 29, 2010 3:04pm Mar 29, 2010 3:04pm
Ok, Dean Walker
I agree about that, because forex market is move up and down, for me it just market politic.

Goodluck Dean
Ekadaya.

Quoting dean walker
The script will not do you any good. It's my EA however I am using it in ways that are much different than the script.
When I get it done I will share how to do the same thing manually without a ea.
Dean
  • #219,711
  • Mar 29, 2010 3:11pm Mar 29, 2010 3:11pm
no it's not a misconception for long term survival in this market you need to be right more than wrong. It may work the other way for short term but never long term.
You simply are very confused about this, you see when you get old you loose your common sense..
Give me just one example where being wrong showed a profit.
It's why I make mucho pips everyday!
Dean



Quoting Geppy
I stopped reading your post after this first line... probably the biggest misconception anyone could have. YIKES!
  • #219,712
  • Mar 29, 2010 3:12pm Mar 29, 2010 3:12pm
Quoting dean walker
Thank you now how many of those indicators are combined in one indicator that will give you the trend.
Thanks
Dean
Basicly i only use:
1. Linear Regression, Stochastic, MA and Awesome Oscillator for trend major.
2. Other for scalping.

But if they in some way, i go for long term.
(sorry my english is poor)

Goodluck.
  • #219,713
  • Mar 29, 2010 3:15pm Mar 29, 2010 3:15pm
That's true risk management, MM all play a part but if you continuing to call bad trades I do not care what your using you will never last long in this market. You have to be right more than wrong a 10 year old would know this fact it's only when you get older you loose common sense..
Dean


Quoting Paisa954
I does not matter how many times you are right or wrong is all about your risk management..
  • #219,714
  • Mar 29, 2010 3:18pm Mar 29, 2010 3:18pm
Sounds about right, if those indicators are used well you have better than a 50% chance of calling a trend..
Dean



Quoting Ekadaya
Basicly i only use:
1. Linear Regression, Stochastic, MA and Awesome Oscillator for trend major.
2. Other for scalping.

But if they in some way, i go for long term.
(sorry my english is poor)

Goodluck.
  • #219,715
  • Mar 29, 2010 3:21pm Mar 29, 2010 3:21pm
Quoting dean walker
Sounds about right, if those indicators are used well you have better than a 50% chance of calling a trend..
Dean
Thanks you Dean

Have a nice trade..
  • #219,716
  • Mar 29, 2010 3:21pm Mar 29, 2010 3:21pm
Quoting dean walker
no it's not a misconception for long term survival in this market you need to be right more than wrong. It may work the other way for short term but never long term.
It's why I make mucho pips everyday!
Dean
Dude you're completely wrong. You could be right only 40% of the time. As long as your winners are larger than your winners (they always should be) you can make money.

Example:

10 trades... 4 go to profit of 100 pips each and the other 6 all get stopped out at -30 pips. You make 400pips on your winners, lose 180 on your losers for a net of 220pips.

Is that really very hard to understand?
check out my blog: forexmademillionaire dot com
  • #219,717
  • Mar 29, 2010 3:26pm Mar 29, 2010 3:26pm
Geppy yes it is your simply wrong..
You can never ever be right 40% of the time and be in profit it's impossible to do.
Your example means nothing in fact it proves my point.
It's hard to understand because you lost the ability to look at things as they really are..
Dean


Quoting Geppy
Dude you're completely wrong. You could be right only 40% of the time. As long as your winners are larger than your winners (they always should be) you can make money.

Example:

10 trades... 4 go to profit of 100 pips each and the other 6 all get stopped out at -30 pips. You make 400pips on your winners, lose 180 on your losers for a net of 220pips.

Is that really very hard to understand?
  • #219,718
  • Mar 29, 2010 3:32pm Mar 29, 2010 3:32pm
Your welcome you also
Dean

Quoting Ekadaya
Thanks you Dean

Have a nice trade..
  • #219,719
  • Mar 29, 2010 3:35pm Mar 29, 2010 3:35pm
Quoting dean walker
Geppy yes it is your simply wrong..
You can never ever be right 40% of the time and be in profit it's impossible to do.
Your example means nothing in fact it proves my point.
It's hard to understand because you lost the ability to look at things as they really are..
Dean
are you for real?
check out my blog: forexmademillionaire dot com
  • #219,720
  • Mar 29, 2010 3:38pm Mar 29, 2010 3:38pm
Quoting Geppy
Dude you're completely wrong. You could be right only 40% of the time. As long as your winners are larger than your winners (they always should be) you can make money.

Example:

10 trades... 4 go to profit of 100 pips each and the other 6 all get stopped out at -30 pips. You make 400pips on your winners, lose 180 on your losers for a net of 220pips.

Is that really very hard to understand?

I thing you give me idea, your idea is good..
but thinking of this;
10 trades,
each trade 7 spread,
7 X 10= 70 pips,
if each trade we get 20 pips, so 20 X 10 = 200 point,
Why not 270 pips? why only 200 pips.

Sorry if i am wrong, tell me, please.
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