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

  • #219,741
  • Mar 29, 2010 4:36pm Mar 29, 2010 4:36pm
Check it out, it's there (and this is an attempt to get the conversation back to GBP/JPY...)
check out my blog: forexmademillionaire dot com
  • #219,742
  • Mar 29, 2010 4:37pm Mar 29, 2010 4:37pm
Also, anyone using this AUD/USD strength to short into it? I didn't play the pair last week with everyone but I'm in shorting now.
check out my blog: forexmademillionaire dot com
  • #219,743
  • Mar 29, 2010 4:40pm Mar 29, 2010 4:40pm
Quoting Geppy
Check it out, it's there (and this is an attempt to get the conversation back to GBP/JPY...)

Not sure if I trust in in-between sessions. But I will say generally it seems like when PA dies out like that generally the next move seems to be down.
  • #219,744
  • Mar 29, 2010 4:43pm Mar 29, 2010 4:43pm
Fairly classic spamming going on I suspect. I hope people can see that.

Post some reasonable comments/analysis for a few weeks, try to make friends, bide your time, suddenly make a comment about a 'system' you are developing, offer to share it, then start stupid non-provable argument with forum members, throw into the convo about how your system is making thousands every day etc, newbies, (and losers), will read and think you're the maverick winner they ned to be friends with, receive numerous PMs supporting you asking how to get your system.......

rince and repeat etc.

Anyone reading the last few pages ask yourself this:
If you were making $4K/day from a system you developed, would you be sharing anything on a public forum?
  • #219,745
  • Mar 29, 2010 4:44pm Mar 29, 2010 4:44pm
I am finding that this pair Gpb/jpy has the correct movement I need during certain times of the day to do well.
I will share what this system is doing in detail when I get it where I want it to be. Now the nice plus is you can do this manually and you do not need a ea but you will need to be at your monitor.

Here are some results on one of my live accounts from
myfxbook. these results were using the eur/jpy. what I am working to do now is convert over to the gpb/jpy.
http://www.myfxbook.com/members/MyLi...-live-ea/22865

Dean

P.S the reason for the last good size dip was a node on my VPS service went bad just at the time for a pending order and ended up with a nice loss. It was over 100%.
  • #219,746
  • Mar 29, 2010 4:46pm Mar 29, 2010 4:46pm
You mentioned AU , maybe a short coming. Be careful of the bullish divergence on the Daily which hasn't played out yet.

Also worth noting, we're not too far from the top for AY as well, so a re-test of 86 could be likely before any major Aussie sell-off.

JMHO of course.
  • #219,747
  • Mar 29, 2010 4:47pm Mar 29, 2010 4:47pm
Yup I would and I do..simply because if I share my good fortune then I get to keep what I have..

this is far from spam I hope you can see that..
Dean


Quoting ukdaytrader

Anyone reading the last few pages ask yourself this:
If you were making $4K/day from a system you developed, would you be sharing anything on a public forum?
  • #219,748
  • Mar 29, 2010 4:48pm Mar 29, 2010 4:48pm
Quoting Geppy
Also, anyone using this AUD/USD strength to short into it? I didn't play the pair last week with everyone but I'm in shorting now.
I joined you on it. Worth a shot from here, that was one impulsive cruise up, would be nice to get that on the way down.
  • #219,749
  • Mar 29, 2010 4:50pm Mar 29, 2010 4:50pm
Quoting dean walker
Yup I would and I do..simply because if I share my good fortune then I get to keep what I have..

this is far from spam I hope you can see that..
Dean
Of course you do, just like the fairy godmother tucks us all in at night.

If it looks like a dog, barks like a dog.....

(I remember your post of 2 weeks ago asking us the best way to market a new EA you had developed. Not very altruistic isn't it)
  • #219,750
  • Mar 29, 2010 4:56pm Mar 29, 2010 4:56pm
From all the bla bla bla your talking the results are in your face. You cannot fake myfxbook..those are live results..
I always share what helps me unless I plan to go commercial with something. The problem is to many people in Forex are what you thought I was so when the real thing hits you you find it near impossible to believe.
Have a good one
Dean

Quoting ukdaytrader
Of course you do, just like the fairy godmother tucks us all in at night.

If it looks like a dog, barks like a dog.....
  • #219,751
  • Mar 29, 2010 4:59pm Mar 29, 2010 4:59pm
Quoting dean walker
So I will close with this.
A challenge for anyone to prove that more wrong moves in Forex or anything really will produce a profit.

Now let me explain it to you in very simple terms. Calling the direction of a trade is only part of that trade, you need to place your SL , and your TP. So in trust every decision you make will have a right or wrong move attach to it. I claim it's impossible to find the situation where you can have more wrong moves and still win.
Remember you need to count every move no cheating..
Dean
I went through your posts trying to understand what you are really driving at, but ended up more confused. Are you trying to while away time or are you really serious at what you are driving at? A good trend trading strategy will ridicule all your arguments. I make an average of 6 trades per month and i win an average of 2 of those trades. This is enough to place my account in the green every month. There are months i even win only once and that will be enough to end my month greener than i started it. Here is an advice: Trade less, cut loosers short, then let your winners run. Oh, one last thing, you have to be very sure of what you are doing!
Orderliness of Randomness
  • #219,752
  • Mar 29, 2010 5:18pm Mar 29, 2010 5:18pm
Actually I was fine until Geppy attacked my post by saying that what I posted was one of the big Forex misconceptions. When actually it's the other way around.

I work a lot with EAs and design and is doing so you need to be aware of every single element you put in your design if not you will lose.

The same as manual trading. My point was simply if you counted up all the elements that were put in the right place by you then you would see that you need to be right more than wrong to win.

When you put up a trade to a trade a winner and a loser and when you examine it you will always find more right moves on the winner than the loser. The fact that you made profit and only had 20% of your trades as winners has nothing to do with the point I was making.
My only statement before Geppy commented was you need to be right more than wrong speaking trade for trade and all that it takes to make a winning and loosing trade.
A loosing trade has more wrong moves than a winning trade that is all I was saying. Of course if people want to be smart ass about it then I will continue for a time hoping they can see the point
Dean.




Quoting eloaking
I went through your posts trying to understand what you are really driving at, but ended up more confused. Are you trying to while away time or are you really serious at what you are driving at? A good trend trading strategy will ridicule all your arguments. I make an average of 6 trades per month and i win an average of 2 of those trades. This is enough to place my account in the green every month. There are months i even win only once and that will be enough to end my month greener than i started it. Here is an advice: Trade less, cut loosers...
  • #219,753
  • Mar 29, 2010 5:19pm Mar 29, 2010 5:19pm
Quoting dean walker
From all the bla bla bla your talking the results are in your face. You cannot fake myfxbook..those are live results..
I always share what helps me unless I plan to go commercial with something. The problem is to many people in Forex are what you thought I was so when the real thing hits you you find it near impossible to believe.
Have a good one
Dean
I don't care. I'm not the one buying it.
  • #219,754
  • Mar 29, 2010 5:20pm Mar 29, 2010 5:20pm
so how does correcting geppy help you achieve your goals or allow you to share your ea?

OMG dude give it up, you are making my brain hurt.
  • #219,755
  • Mar 29, 2010 5:27pm Mar 29, 2010 5:27pm
How about trading?

I'm short GBPJPY @ 138.75 due to rejection from cluster resistance @ around 139-139.20. Targeting 134.75, but will (as always) exit if I get a conflicting signal.
Every time you use 'hopium' in a post, God kills a kitten.
  • #219,756
  • Mar 29, 2010 5:30pm Mar 29, 2010 5:30pm
huh I am not trying to accomplish anything well maybe one thing since I been on these forums there are few traders that can actually hear something that is really different than they would think and then be open to embrace that. There is way too much black and white here in my opinion and this will always hinder growth.

My goals of sharing my ea are just that. The people that want to learn will benefit the ones that have already made up their minds will also benefit from that choice however the benefit would not be a good one IMO.there are way to many stubborn people here that need to learn to lighten up. I just gave them their own selves to look at when they looked at me.

Ok back to trading I need o stop feeling that I have to answer everyone that posts here my bad..
Dean



Quoting Cod
so how does correcting geppy help you achieve your goals or allow you to share your ea?

OMG dude give it up, you are making my brain hurt.
  • #219,757
  • Mar 29, 2010 5:38pm Mar 29, 2010 5:38pm
the same rationale gives me this logical push up: you could be right almost all the time and still be a loser.

now back to the charts. i just swallowed a stop because i wanted to p..s against the wind and went short without confirmation . we are still on the bullish side, with weekly pivot @ 137.81, and monthly pivot @ 137.67; another support is @ 137.15 area; and finally, last one stands @ 135.95 = monthly vwap.

with all the crazy intraday PA, i think this chart is much better for the bigger picture: intra-week trend is still bullish, and accumulation/support moved to 137.6/137.8 area. when this is broken, expect another significant dip.

another thing: if 139 is a very important area, then expect weird movements and stops hunting here until a clear direction is defined.

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 loser for a net of 220pips.

Is that really very hard to understand?
Attached Image (click to enlarge)
Click to Enlarge Name: g-j_intraweek.gif Size: 26 KB
Nihil Sine Deo.
  • #219,758
  • Mar 29, 2010 5:40pm Mar 29, 2010 5:40pm
Quoting ukdaytrader
You mentioned AU , maybe a short coming. Be careful of the bullish divergence on the Daily which hasn't played out yet.

Also worth noting, we're not too far from the top for AY as well, so a re-test of 86 could be likely before any major Aussie sell-off.

JMHO of course.
Thanks for the heads up bud!
check out my blog: forexmademillionaire dot com
  • #219,759
  • Mar 29, 2010 5:53pm Mar 29, 2010 5:53pm
Hi Scrat you certainly know this area better than I but that chart with the vwap both weekly and monthly being under the pvp looks bearish to me? What am I not looking at?
Thanks
Dean


Quoting Scrat
the same rationale gives me this logical push up: you could be right almost all the time and still be a loser.

now back to the charts. i just swallowed a stop because i wanted to p..s against the wind and went short without confirmation . we are still on the bullish side, with weekly pivot @ 137.81, and monthly pivot @ 137.67; another support is @ 137.15 area; and finally, last one stands @ 135.95 = monthly vwap.

with all the crazy intraday PA, i think this chart is much better for the bigger picture: intra-week trend is still bullish, and...
  • #219,760
  • Mar 29, 2010 6:09pm Mar 29, 2010 6:09pm
you see, vwap is the result of a mathematical formula, so it is not real s/r; i am only using it to confirm market bias.
pvp is real s/r and is below price.

Quoting dean walker
Hi Scrat you certainly know this area better than I but that chart with the vwap both weekly and monthly being under the pvp looks bearish to me? What am I not looking at?
Thanks
Dean
Nihil Sine Deo.
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