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moneymagnet replied Jan 9, 2008for noobs, i will let 100 or more pips go by b4 i enter a trade just to make sure i am probably entering in the right direction and even that is not a definite. i dont go after every single pip. i try to get the meat of a run with larger lots. i ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008i think some use different times but i set mine for 1700 (5pm est) and leave it. 215.54 is mine
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008for those who still use aus' strategy, i will be looking for a 1hr/4hr trade if we get above the dp and 100ema and i will use 15min for the entry
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008
, now think if you would taken those 50-70 pips u were up or maybe closed half at the lower TL areaAuslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008i think the way u have been trading lately i will let u manage my account.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008i will say it again that until we get out of this range it may be wise to take 50-100 pips at a time. at the very least once u r up 50+ pips move stop into profit, JMO

Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008nice to see some using aus' strategy. remember this is triple int wednesday so expect the DOW to rally at some point potentially driving the pj up. remember also that aus' strategy is not as effective in a ranging market so be careful. happy ...
GBP/JPY for QQE Traders!
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moneymagnet replied Jan 9, 2008sitting on the sidelines but i would love to see a 400-500 pip bull run today.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008any other time i would have but with all the ranging and it being triple interest day i decided to wait. it was a beauty though
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008depends on which chart but this particular one was the 5 sma close
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 9, 2008classic 1hr 5 sma touch. lets see what happens next
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 8, 2008i have got a buy entry above that level. if it breaks we should get a nice move up carrying the gj with it
USD/JPY Discussion
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moneymagnet replied Jan 8, 2008is everyone OK? been reading alot of depressing comments since i checked back in. guys/gals, you're going to have losing trades, bad days, poor decision making at times. regroup (maybe step away for a few hours/days, whatever) and take a fresh look ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 8, 2008just wanted to post a simple chart for anyone interested. bottom of channel and at 50% fib. poss bounce. trade at own risk.

Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 7, 2008gotta tell ya bro', and please dont take this personal, but thats one of the dumbest things i have ever heard in trading. i am sure (i hope) u learned your lesson.
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 7, 2008u still long from that area from last week Q
Auslanco - GBP/JPY and GBP/USD (newstrade)
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moneymagnet replied Jan 6, 2008a valid chart always matters my friend. chart looks good bro'. we shall see
Auslanco - GBP/JPY and GBP/USD (newstrade)