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

  • #225,461
  • May 19, 2010 6:44pm May 19, 2010 6:44pm
hey raza..nice on EUR/UAD... its hard for me to see where will we get the low of wave B ? what do you think
  • #225,462
  • May 19, 2010 6:46pm May 19, 2010 6:46pm
Quoting gillybabe
Hi Beljevina
Can I ask what that red and blue indi is on your charts pls
It's enclosed here. You could probably rather successfully trade with it, by having M1, M5, M15, M30 charts up with the indi on it, using M1 for a good entry, but paying attention to already formed S/R levels on the M1 & M5 charts, along with the Tigertron pivots, major S/R, fibs levels. xpMA doesn't redraw, but you can miss large portions of moves already underway on even an M5, hence the usage of M1 for possible entry, with relatively tight stops. (note early in the week, the Tigertron pivots will be a little off)
Attached File(s)
File Type: ex4 TigertronPivotsV1.5.ex4   57 KB | 335 downloads
File Type: mq4 xpMA.mq4   16 KB | 314 downloads
  • #225,463
  • May 19, 2010 6:57pm May 19, 2010 6:57pm
Again... incorrect. This trading is like nothing any of you are familiar with. I don't mean to offend any of you, it's just tiring constantly hearing people trying to talk about something they are clueless about. At the firm (and this is one of the biggest algo shops in the world... top 3 hands down!) if trades were held for more than 3 milliseconds something was wrong. That's correct, 3 milliseconds not minutes, hours or days. If you haven't spent time in the algo/HFT industry you really shouldn't be attempting to talk or sound intelligent about it. Trust me, if I had millions of dollars to spare to sink into the technology I would set up and algo/HFT shop. There is absolutely nothing immoral about what they do, the profitability is out of this world and the risk is almost virtually zero. And yes, I said almost virtually zero... we never had a losing day and it wouldn't be a stretch to say we never had a losing hour.

Anyway, that's all off topic... just me venting

Quoting Piters
WELL, who is behind the media ??? Greedy politicians, jealous on someone with a good EA and excellent earnings.. Everyone now want some "cut"

algo or HFT is nothing else, or nothing different then manual scalping,

you GET in, spend some 10sec to 3min, take your profit or LOSS and you are OUT..

you are right mate.. politicians are making a lot of noise, just to cover some ****..

on the end.. the main question is:

who made BAD decisions, and who Blown the Budgets... traders.. or politicians with incompetence..
check out my blog: forexmademillionaire dot com
  • #225,464
  • May 19, 2010 7:01pm May 19, 2010 7:01pm
Quoting fullhouse
hey raza..nice on EUR/UAD... its hard for me to see where will we get the low of wave B ? what do you think
W.B
Usually a three wave pattern.
Wait for at least a 50% retracement of related W.A before entering a trade
PRICE
> 50% < 78.6% of W.A
Do you think Wave a has finished already even on15 M TFs...I dont think so...

So measuring right now is not possible..

It will be nice to know where Wave A is gonna End...Right now it is in Wave # 4 of Wave A...IMo..
Markets are not Random, they are designed!
  • #225,465
  • May 19, 2010 7:04pm May 19, 2010 7:04pm
Went short at 132.30, target is 30 pips at 132.00.
  • #225,466
  • May 19, 2010 7:11pm May 19, 2010 7:11pm
Quoting Betting
Went short at 132.30, target is 30 pips at 132.00.
why only 132.00,why not 130.40 ? joke,but thats where we heading now...............maybe
  • #225,467
  • May 19, 2010 7:14pm May 19, 2010 7:14pm
Quoting Geppy
Again... incorrect. This trading is like nothing any of you are familiar with. I don't mean to offend any of you, it's just tiring constantly hearing people trying to talk about something they are clueless about. At the firm (and this is one of the biggest algo shops in the world... top 3 hands down!) if trades were held for more than 3 milliseconds something was wrong. That's correct, 3 milliseconds not minutes, hours or days. If you haven't spent time in the algo/HFT industry you really shouldn't be attempting to talk or sound intelligent...
hey,,what is algo/HFT ? shops
  • #225,468
  • May 19, 2010 7:15pm May 19, 2010 7:15pm
Quoting fullhouse
hey,,what is algo/HFT ? shops
algo = algorithmic

HFT = high frequency trading
check out my blog: forexmademillionaire dot com
  • #225,469
  • May 19, 2010 7:21pm May 19, 2010 7:21pm
As expected, Asia is retesting the resistance at 132.30. It might or might not break. Watching the price action, I "feel" it will get rejected and eventually drop just like yesterday. But it's only a hunch nothing concrete.
  • #225,470
  • May 19, 2010 7:23pm May 19, 2010 7:23pm
Quoting Betting
Went short at 132.30, target is 30 pips at 132.00.
You're gonna leave A LOT of pips on the table if this thing drops to 130.40
  • #225,471
  • May 19, 2010 7:23pm May 19, 2010 7:23pm
Quoting Geppy
Again... incorrect....

Ohh.. sorry.. for my reply mate.. but, we can discuss over HFT few pages. and maybe DAYS. and Im not sure we are going to agree on anything as YOU ALREADY KNOW WHAT IM FAMILIAR WITH...

But.. on HFT just to mention that .. milliseconds are important as a trigger only, but actual holding has to give you some more.. ... SORRY..

P.S. and IF you are familiar with Hedge Fund Industry, you know who FINalternatives are? Right ?

P.P.S and with Algo trading I may agree on 3 milliseconds, but not on HFT.. -two different WORLDS
Attached Image (click to enlarge)
Click to Enlarge Name: HFT.png Size: 151 KB
  • #225,472
  • May 19, 2010 7:33pm May 19, 2010 7:33pm
Quoting Geppy
Again... incorrect. ... if trades were held for more than 3 milliseconds something was wrong. That's correct, 3 milliseconds not minutes, hours or days. If you haven't spent time in the algo/HFT industry you really shouldn't be attempting to talk or sound intelligent about it. Trust me, if I had millions of dollars to spare to sink into the technology I would set up and algo/HFT shop.
I think we're perhaps using the wrong terminology; I'd think any computer trading would be running an algorithm - some holding for 3 ms, others for longer, or, running swing trading.

That aside, why does it need millions? For the trading capital? I can't imagine the equipment and infrastructure needing more than a few $100K? I recall coming across some links on it, but it was truly over my head. Just out of curiosity, how much can be made in 3 milliseconds?
  • #225,473
  • May 19, 2010 7:42pm May 19, 2010 7:42pm
Quoting fullhouse
hey,,what is algo/HFT ? shops
Here is what I think Wave # 4 Targets are...I am gonna gauge This by Divergence on RSI and Stoc..

Its messy cause I had to squeeze the Chart to show all Fibs...Usually I keep them separate on Different TFs..

This is gonna be a Painful Wave#4..IMO...Scalp Time.. From FIB levels..

If it comes to 1.42-1.43 level it will look like a Flying Head and Shoulder....
Attached Image (click to enlarge)
Click to Enlarge Name: eur aud#3.jpg Size: 196 KB
Markets are not Random, they are designed!
  • #225,474
  • May 19, 2010 7:45pm May 19, 2010 7:45pm
Quoting Beljevina
I think we're perhaps using the wrong terminology; I'd think any computer trading would be running an algorithm - some holding for 3 ms, others for longer, or, running swing trading.

That aside, why does it need millions? For the trading capital? I can't imagine the equipment and infrastructure needing more than a few $100K? I recall coming across some links on it, but it was truly over my head. Just out of curiosity, how much can be made in 3 milliseconds?
If you are gonna be trading with the 3ms timeframe crowd then you're gonna need a co-location server and the rent cost there is massive not to mention how much you need to invest in what pretty much is an algorithm inside supercomputer capable of generating millions of trades per ms

HFT gains, skipping aside the obvious ability to front run human and non-co-location computer clients, the continual revenue generated by the liquidity rebates per trade you make will be more than enough to cover your costs.
  • #225,475
  • May 19, 2010 7:49pm May 19, 2010 7:49pm
So we have different definitions of the words. To me they are very similar and none of our FX strategies held for more than a few milliseconds. Perhaps the equity strategies did... that I wasn't exposed to.

As far as knowing what you're talking about... well, no disrespect, but if you haven't spent time in an algo shop, your really don't. I don't care what you've read, these are tightly held strategies/secrets.

Quoting Piters
Ohh.. sorry.. for my reply mate.. but, we can discuss over HFT few pages. and maybe DAYS. and Im not sure we are going to agree on anything as YOU ALREADY KNOW...

Bel, in response to the capital requirements... if you want to do it right, be successful and competitive you do need millions now that the industry is so much more evolved. 8 years ago and you could get by with what you stated. Everything we developed was in-house software, strategies, etc. To make the kind of money I'm talking about you need a lot of capital on hand. Data feeds, servers, and all that don't come cheap and neither do the caliber of people that are needed to make your operations successful.

Anyway, I really don't want to get in a conversation about this. Like I said, I worked in the industry for a good while. A few years doing that is like a decade as things truly move incredibly fast. We rolled out new versions of software on a daily basis in order to stay competitive. It's cut-throat at its finest.

Now back to trading spot FX!


Quoting Beljevina
I think we're perhaps using the wrong terminology; I'd think any computer trading would be running an algorithm - some holding for 3 ms, others for longer, or, running swing trading.

That aside, why does it need millions? For the trading capital? I can't imagine the equipment and infrastructure needing more than a few $100K? I recall coming across some links on it, but it was truly over my head. Just out of curiosity, how much can be made in 3 milliseconds?
check out my blog: forexmademillionaire dot com
  • #225,476
  • May 19, 2010 7:52pm May 19, 2010 7:52pm
Quoting Piters
ALGO Trade is nothing else but the situation when you're having some client with few Yards to SELL.. so, you have to cut those YARDS on "lots"...
sounding like the media budy LOL
check out my blog: forexmademillionaire dot com
  • #225,477
  • Edited 11:31pm May 19, 2010 7:53pm | Edited 11:31pm
Quoting Geppy
So we have different definitions of the words....
Yes, "Master"


BTW: that "was" Professional Industry SURVEY, (again ref: the Source)
  • #225,478
  • May 19, 2010 7:53pm May 19, 2010 7:53pm
Not too sure why everyone is calling for 130.90 or whatever. We're headed up from here... first stop 134.xx
check out my blog: forexmademillionaire dot com
  • #225,479
  • May 19, 2010 8:00pm May 19, 2010 8:00pm
Quoting Raza
Here is what I think Wave # 4 Targets are...I am gonna gauge This by Divergence on RSI and Stoc..

Its messy cause I had to squeeze the Chart to show all Fibs...Usually I keep them separate on Different TFs..

This is gonna be a Painful Wave#4..IMO...Scalp Time.. From FIB levels..

If it comes to 1.42-1.43 level it will look like a Flying Head and Shoulder....

ill keep an eye,,i was thinking myself 1.43.XX level ,we will prob. get a high as 1.47/1.48 to end current wave 5 ..

and then back to form B wave ... what i see is 1.42 is an untested supp level. but thats the lowest we can go ..

this is a mega trade

if we end current leg 5 at 1.48,then ....

161.8 ext is at 1.53 ---- 1000 pips (min target)
261.8 ext is at 1.62 ---- 2000 pips
423.6 ext at 1.77 ---- 4000 pips ( i like this one)
  • #225,480
  • May 19, 2010 8:09pm May 19, 2010 8:09pm
Quoting Betting
Went short at 132.30, target is 30 pips at 132.00.
Got my target.
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