- Search Energy EXCH
- rgitt05 replied Jan 19, 2009
Could GJ be at the bottom at this time — If you look at the three daily candles forming the bottom at 129.00 level, you would think it might be the bottom or support...The record low is at 128.81..The trend is down but the RSX and MACD is ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
I am working on my third million...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
You mean multi-millionaire...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
Funny malcolmb14....
Waiting on Asian market.. Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
I like to use the 15min TF for setting my targets.. It works great during the London opening time as well the NY opening time because of the PA and volume.. My targets are the S/R levels ...If the candles are above the daily pivot than my bias is ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
Here is a template with the pivot and S/R levels Enjoy the pips.. I like using in the 15min TF.. I target the S/R levels Bias is when the PA is below the pivot it is bearish and above the pivot bullish The pivot reset at 5pm..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
That is the Demark indicator ..It works best on higher TF over 1hr TF.. I use the Demark sometime to help identify TL.... QQE is used for bias direction for the day
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
15min TF — Another opportunity for 100 pips.. Tp at 50ema (132.50 area) on the 15min TF.. Good Luck...

Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
There is plenty for everyone... Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
I managed to lockin 50 pips on the retracement...The PA today is very mild so trending is expected until asian time... 360pips (swing trade from 134.30 short to 130.70) + 50 pips (retracement from the 130.70 to 131.20) = 410 pips so far from sunday ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
Good setup on your chart... I am waiting on the london fix ..EJ is recovering so it may help GJ retracement..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
It is bearish overall until the candle is above the daily QQE.. I am only targeting small TP on retracement on lower TF. I am a swing trader myself but this year I decided to take small trades to increase my earnings... Every pip adds up..Anyway, I ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
Thanks for your advice but fibs don't lie.... Waiting on London fix at 11am.. If my trade fail, I will B/E.. Stay tune..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
The key to any money management strategy is sticking to the plan and being patience... I usually hedge if I made a bad call but is risky if you don't know how to use this technique..
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
I have a long position now from the 130.70 zone and I hope to make at least 100 pips ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
I have no doubt in you achieving that goal..The question is when....
Patience... I hope you don't change on us when you reach that goal...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
Mission accomplish... Profit from Sunday night: 360 pips.. (short from 134.30 to 130.70) I will wait for retracement from the 76.8% if it holds for a long... Good Luck..
Today was easy pips because it was a trending day.. Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
Well Karmo, I can indeed tell you it works for me...I appreciate your feedback... You are one of a kind trader sticking with your strategy.. You have shown in the past year that patience is the key... I believe this year if many traders set their ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- rgitt05 replied Jan 19, 2009
Income Calculator — Here is another income calculator.. I set an example on the table with initial $2000 balance and 5% risk(3mini-lots) with 50pips day..If you can follow this table, you can be a millionaire in 173 days based on the ...
Auslanco - GBP/JPY and GBP/USD (newstrade)