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Aus...pls have a look at my VT chart...look a it different from yours???
Aus...pls have a look at my VT chart...look a it different from yours???
New Forex Trader
Auslanco 15min GBP/JPY startegy 630 replies
Auslanco-GBP/JPY Strength Indicator strategy 344 replies
My MT4 indicators for Auslanco's strategy 92 replies
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Questions About Auslanco's Trades 72 replies
DislikedSo on the GJ the larger trend is up whilost the trend we are now in is down. When can we consider the larger trend to have reversed?
Are we witnessing some of the carry trades unwinding or is this a trend reversal or just a correction? How can we tell?Ignored
DislikedI'd say this is the last time that this thread is going to be so nice and quiet.
It feels a bit like sitting in a nice comfy chair, sharing a whisky with a couple of friends and shoot'n the breeze - boy that's going to change.
Where are you living Timingy, are you in Oz as well?Ignored
DislikedG'day Auslanco,
You probably haven't had the chance to get to my pm yet but are you still accepting FXCM accounts or would you rather just run with the forex.com demo accounts. (I think Timingy is hanging on the answer to this one ).
MikeIgnored
DislikedHi fellas
I live in Oz - down in Canberra so trading fx is about the only excitement I get! http://www.forexfactory.com/images/icons/icon10.gifIgnored
Disliked
Aus...pls have a look at my VT chart...look a it different from yours???Ignored
DislikedYou simply put the indicators that you have mentioned earlier and wait them give you the same signal(bull or bear) to enter the trade on all time frames, isnt that so? Or you wait the price to retrace to 5sma?Ignored
DislikedThanks auslanco..but i am new in Forex..can you guide me step by step?/
how to read the chart?? and what to identify the MACD into the trend??Ignored
DislikedI would be much prefer to have everyone on Forex,com than FXCM since Forex.com can offer non-expiring demo accounts. I will get this up and running in no time, My only concern is folks at Strategy Runner based in Israel are not the most efficient bunch I have seen. I may have to look in to Ninja Trader Guru Platform since they exclusively support forex.com accounts. Any how..I will have something for you guys by end of next week.Ignored
DislikedHi Auslanco,
I have been reading your posts and I have until last week enjoyed a very good run trebling my account this year by simply buying dips in an uptrending market. If you refer to the daily chart we are still in an uptrend. I lost about 400 pips last week which is by far my largest loss. The reason being that I use fib retacement lines to renter with a 100 pip stop loss. As you can see on each of the 32.8%, 50% & 61.8% the price held for a short period and dropped again hence my losses.
My question is how have you determined that we are reversing as no major news could contribute to this 1000 pip drop. The only issue being Carry trades but how do you know what's going on in this respect.
I'm on the fence at the moment but I am still inclined to buy the dips.. your thoughts please
Regards
DaveIgnored
DislikedWhich part of Aussie are you Auslanco? I across the ditch in NZ. You ever attended any descent trading courses or have you develop your system mostly from the net? I have had a brother in law who has taught me to trade ranging markets well but the losses has come when there has been a trend breakout. Your system has taught me a lot about how to identify a coming break out of the range. Look forward to learning more this week.Ignored
DislikedHi rumbey, Welcome to the threadAs you may have already figured out I dont look at this pair in the prospective of a carry trade. I treat it like just another pair with high volatality. I only act according to my indicators., but not for anythng esle.
That will always keep me away from bad trades. If my indicators shows me tommorrow that it's going up then I go up.
I have attached a latest Daily charts. I cant figure out on what basis you are telling me that the daily charts are still bearish.Ignored