GBP/JPY Equity Building Profitable trading strategies

[rrram2]

I got about 150 pips overnight. I've g0t 13. lowest one is @ 206.69
all the others I bought lower I sold now. I grabbed some profits overnight of 11 pips 21 pips and 31 pips and scalped a few others for 6-10 pips and reentered orders going down. Margin is up to 4.58%

RT trades at 110 for almost a 1300 pip profit. Down unrealized now 1236 pips, so I am above even for the month and building equity pretty fast,
and today expect some bigger moves up. I expect 205.67 to hold
(FIB 38.2%).

ANd looking at the 4 hour, despite the move down slightly overnight things are still looking up and on the 4H it looks like Stoch has already crossed heading up, slowly and steadily so far after bottoming out.

[rrram2]

I got quite a few down low overnight. And already sold them. Another dip down now grabbing some more.

Originally Posted by hndymann

There is not enough movement today! How boring.

[grader]

Nice bit of scalping so far. Any idea when it is going run up again.

[pipsquito]

Jeesh...I did nothing last night. My lowest buy limit was at 206.50. I didn't get any of the movement after that. Woke up a half hour ago and saw the carnage. I am in on a bunch higher up but have some movement to go before getting there.

So what did I do wrong? Should I have had my buy limits go all the way down to where?

Darn.

Todd

[rrram2]

AccountNumber~EntryType~TicketId~CurrencyPairId~Lo ts~BuySell~OpenDateTime~OpenRate~EntryCloseDateTim e~CloseRate~GrossProfitLoss~Comms~Prms~NetProfitLo ss~DepWitAdj
D1301405~P/L~E08135582~GBP/JPY~1.00~B~05/04/2008 16:49~207.60~05/04/2008 17:49~207.63~$2.85
D1301405~P/L~E08135888~GBP/JPY~1.00~B~05/04/2008 17:50~207.75~05/04/2008 18:08~207.86~$10.44
D1301405~P/L~E08136163~GBP/JPY~1.00~B~05/04/2008 18:30~207.74~05/04/2008 19:03~207.76~$1.90
D1301405~P/L~E08136136~GBP/JPY~1.00~B~05/04/2008 18:26~207.77~05/04/2008 19:05~207.80~$2.85
D1301405~P/L~E08136356~GBP/JPY~1.00~B~05/04/2008 19:05~207.85~05/04/2008 19:16~208.00~$14.22
D1301405~P/L~E08136509~GBP/JPY~1.00~B~05/04/2008 19:24~208.06~05/04/2008 19:42~208.07~$0.95
D1301405~P/L~E08136480~GBP/JPY~1.00~B~05/04/2008 19:20~208.09~05/04/2008 19:43~208.10~$0.95
D1301405~P/L~E08136653~GBP/JPY~1.00~B~05/04/2008 19:55~208.09~05/04/2008 20:48~208.10~$0.95
D1301405~P/L~E08136715~GBP/JPY~1.00~B~05/04/2008 19:54~208.15~05/04/2008 20:54~208.16~$0.95
D1301405~P/L~E08136655~GBP/JPY~1.00~B~05/04/2008 21:23~207.99~05/04/2008 21:38~208.09~$9.49
D1301405~P/L~E08137195~GBP/JPY~1.00~B~05/04/2008 21:11~208.09~05/04/2008 21:38~208.11~$1.90
D1301405~P/L~E08136631~GBP/JPY~1.00~B~05/04/2008 22:01~207.89~05/04/2008 22:31~208.00~$10.44
D1301405~P/L~E08136727~GBP/JPY~1.00~B~05/04/2008 23:57~207.79~05/05/2008 02:00~208.00~$19.95
D1301405~P/L~E08138929~GBP/JPY~1.00~B~05/04/2008 23:36~207.90~05/05/2008 02:00~208.00~$9.50
D1301405~P/L~E08138979~GBP/JPY~1.00~B~05/04/2008 23:39~207.90~05/05/2008 02:23~208.10~$19.01
D1301405~P/L~E08137749~GBP/JPY~1.00~B~05/04/2008 22:00~207.99~05/05/2008 03:06~208.07~$7.60
D1301405~P/L~E08137756~GBP/JPY~1.00~B~05/04/2008 21:45~208.09~05/05/2008 03:25~208.20~$10.44
D1301405~P/L~E08135585~GBP/JPY~1.00~B~05/05/2008 06:00~207.29~05/05/2008 06:25~207.34~$4.75
D1301405~P/L~E08144927~GBP/JPY~1.00~B~05/05/2008 07:32~207.01~05/05/2008 07:44~207.12~$10.45
D1301405~P/L~E08135586~GBP/JPY~1.00~B~05/05/2008 07:32~206.99~05/05/2008 07:44~207.12~$12.35
D1301405~P/L~E08143961~GBP/JPY~1.00~B~05/05/2008 07:29~207.09~05/05/2008 07:44~207.13~$3.80
D1301405~P/L~E08121384~GBP/JPY~1.00~B~05/05/2008 09:20~206.89~05/05/2008 09:54~207.06~$16.15
D1301405~P/L~E08145143~GBP/JPY~1.00~B~05/05/2008 08:44~206.99~05/05/2008 09:54~207.08~$8.55
D1301405~P/L~E08145137~GBP/JPY~1.00~B~05/05/2008 08:25~207.09~05/05/2008 10:00~207.29~$18.98
D1301405~P/L~E08143965~GBP/JPY~1.00~B~05/05/2008 07:19~207.19~05/05/2008 10:00~207.30~$10.44
D1301405~P/L~E08144025~GBP/JPY~1.00~B~05/05/2008 06:41~207.29~05/05/2008 10:01~207.37~$7.59
D1301405~P/L~E08136352~GBP/JPY~1.00~B~05/05/2008 05:59~207.39~05/05/2008 10:07~207.49~$9.47
D1301405~P/L~E08115902~GBP/JPY~1.00~B~05/05/2008 14:11~206.59~05/05/2008 14:25~206.70~$10.49
D1301405~P/L~E08151700~GBP/JPY~1.00~B~05/05/2008 15:04~206.62~05/05/2008 15:23~206.63~$0.95
D1301405~P/L~E08151678~GBP/JPY~1.00~B~05/05/2008 14:59~206.65~05/05/2008 15:25~206.66~$0.95
D1301405~P/L~E08152028~GBP/JPY~1.00~B~05/05/2008 16:11~206.74~05/05/2008 16:36~206.77~$2.86
D1301405~P/L~E08147355~GBP/JPY~1.00~B~05/05/2008 11:16~206.89~05/05/2008 17:29~206.91~$1.91
D1301405~P/L~E08147347~GBP/JPY~1.00~B~05/05/2008 11:04~206.99~05/05/2008 19:01~207.01~$1.91
D1301405~P/L~E08152186~GBP/JPY~1.00~B~05/05/2008 21:05~206.69~05/05/2008 21:16~206.72~$2.86
D1301405~P/L~E08154306~GBP/JPY~1.00~B~05/05/2008 21:25~206.69~05/05/2008 23:30~206.72~$2.86
D1301405~P/L~E08152595~GBP/JPY~1.00~B~05/05/2008 21:01~206.79~05/06/2008 02:00~207.00~$20.01
D1301405~P/L~E08151811~GBP/JPY~1.00~B~05/06/2008 02:47~206.59~05/06/2008 03:06~206.80~$19.99
D1301405~P/L~E08114032~GBP/JPY~1.00~B~05/06/2008 04:33~206.09~05/06/2008 04:40~206.17~$7.63
D1301405~P/L~E08113788~GBP/JPY~1.00~B~05/06/2008 04:57~205.79~05/06/2008 05:13~206.10~$29.58
D1301405~P/L~E08113782~GBP/JPY~1.00~B~05/06/2008 04:47~205.89~05/06/2008 05:26~206.20~$29.58
D1301405~P/L~E08113982~GBP/JPY~1.00~B~05/06/2008 04:46~205.99~05/06/2008 05:26~206.20~$20.04
D1301405~P/L~E08160616~GBP/JPY~1.00~B~05/06/2008 04:43~206.09~05/06/2008 05:58~206.21~$11.46
D1301405~P/L~E08115155~GBP/JPY~1.00~B~05/06/2008 04:33~206.19~05/06/2008 05:59~206.25~$5.73
D1301405~P/L~E08115152~GBP/JPY~1.00~B~05/06/2008 04:32~206.29~05/06/2008 06:19~206.36~$6.68
D1301405~P/L~E08115915~GBP/JPY~1.00~B~05/06/2008 04:31~206.39~05/06/2008 06:48~206.44~$4.77
D1301405~P/L~E08162254~GBP/JPY~1.00~B~05/06/2008 06:31~206.29~05/06/2008 06:48~206.43~$13.35
D1301405~P/L~E08115912~GBP/JPY~1.00~B~05/06/2008 04:31~206.49~05/06/2008 06:52~206.60~$10.49
D1301405~P/L~E08162297~GBP/JPY~1.00~B~05/06/2008 07:44~205.99~05/06/2008 07:59~206.05~$5.74
D1301405~P/L~E08162301~GBP/JPY~1.00~B~05/06/2008 08:07~205.89~05/06/2008 08:12~205.91~$1.91
D1301405~P/L~E08164400~GBP/JPY~1.00~B~05/06/2008 08:20~205.89~05/06/2008 08:27~206.10~$20.08
D1301405~P/L~E08113791~GBP/JPY~1.00~B~05/06/2008 09:15~205.69~05/06/2008 09:21~205.70~$0.96
D1301405~P/L~E08165964~GBP/JPY~1.00~B~05/06/2008 10:15~205.69~05/06/2008 10:27~205.90~$20.14
D1301405~P/L~E08165474~GBP/JPY~1.00~B~05/06/2008 09:06~205.89~05/06/2008 10:37~206.10~$20.14
D1301405~P/L~E08162312~GBP/JPY~1.00~B~05/06/2008 09:14~205.79~05/06/2008 10:37~206.10~$29.72
D1301405~P/L~E08164100~GBP/JPY~1.00~B~05/06/2008 08:05~205.99~05/06/2008 10:49~206.30~$29.69
D1301405~P/L~E08162682~GBP/JPY~1.00~B~05/06/2008 07:05~206.29~05/06/2008 12:02~206.50~$20.07
D1301405~P/L~E08162675~GBP/JPY~1.00~B~05/06/2008 07:03~206.39~05/06/2008 12:17~206.60~$20.06
D1301405~P/L~E08161969~GBP/JPY~1.00~B~05/06/2008 07:30~206.19~05/06/2008 12:17~206.60~$39.17
D1301405~P/L~E08112728~GBP/JPY~1.00~B~05/06/2008 10:15~205.59~05/06/2008 14:20~206.33~$70.74
D1301405~P/L~E08161953~GBP/JPY~1.00~B~05/06/2008 07:33~206.09~05/06/2008 14:20~206.33~$22.94


OPEN TRADES

TicketId~CurrencyPairId~Lots~TradeAmount~BuySell~O penDateTime~OpenRate~CloseRate~MTMProfitLoss~Commi ssions~Premiums~NetProfitLoss
D1301405~B08678625~GBP/JPY~1.00~10000~B~02/28/2008 17:18~209.6300~206.5600~($293.23)~
D1301405~E08135581~GBP/JPY~1.00~10000~B~05/05/2008 05:58~207.4900~206.5600~($88.83)~
D1301405~E08135885~GBP/JPY~1.00~10000~B~05/05/2008 04:33~207.5900~206.5600~($98.38)~
D1301405~E08136348~GBP/JPY~1.00~10000~B~05/05/2008 04:33~207.6900~206.5600~($107.93)~
D1301405~E08137200~GBP/JPY~1.00~10000~B~05/04/2008 20:50~208.1900~206.5600~($155.69)~
D1301405~E08141106~GBP/JPY~1.00~10000~B~05/05/2008 04:10~207.9900~206.5600~($136.59)~
D1301405~E08147496~GBP/JPY~1.00~10000~B~05/05/2008 10:39~207.1900~206.5600~($60.17)~
D1301405~E08147532~GBP/JPY~1.00~10000~B~05/05/2008 10:55~207.0900~206.5600~($50.62)~
D1301405~E08147551~GBP/JPY~1.00~10000~B~05/05/2008 10:24~207.2900~206.5600~($69.73)~
D1301405~E08147801~GBP/JPY~1.00~10000~B~05/05/2008 10:17~207.3900~206.5600~($79.28)~
D1301405~E08152589~GBP/JPY~1.00~10000~B~05/05/2008 20:55~206.8900~206.5600~($31.52)~
D1301405~E08153057~GBP/JPY~1.00~10000~B~05/05/2008 20:23~206.9900~206.5600~($41.07)~
D1301405~E08155668~GBP/JPY~1.00~10000~B~05/06/2008 00:17~206.6900~206.5600~($12.42)~


You can see this is 732 banked pips for the day. Unrealized pips down is 1225
this is a huge day. 732 x 5 is almost 3700 pips/wk. I bought all the way down. One I carried for 70 pips or something. This is ALL while I was away today.

[rrram2]

Regardless of your spacing, you need orders in and pending.
I have orders pending down into 203 at least for a week now maybe?
If you increase your spacing, fine, you still need to buy all the way down.
If margin is going to be tight then you need 4 per figure not 10.
or 3 per 100 pips. or 2 or 1 even. And if you arent watching you wont be able to buy any manually at the bottom. If you were watching in the 10am range you should be able to see its a bottom there even if you were watching as it developed.

No I didnt get as many pips as I could have. But 736 in 24 hours of trading is pretty good for me. I try not to kill them and want to limit my risk.
So my sytem is effectively a hedgeing system, by investing in drawdown,
you are assured of a reward and appreciation. And the key is buying long as low or as cheap as you can. But you need to be patient and not get too many too high (TMTH). I DID on 3/16, there were so many bottoms
and I got too many too high and got sold out because of poor margin management and my inability to get $ into my account fast.


See if you had those orders in low you would have banked mad pips.
And offset your drawndown substantially. Days like this are ideal for trading.

Originally Posted by pipsquito

Jeesh...I did nothing last night. My lowest buy limit was at 206.50. I didn't get any of the movement after that. Woke up a half hour ago and saw the carnage. I am in on a bunch higher up but have some movement to go before getting there.

So what did I do wrong? Should I have had my buy limits go all the way down to where?

Darn.

Todd

[rrram2]

Originally Posted by grader

Nice bit of scalping so far. Any idea when it is going run up again.

Sorry I am a little late on that. I hope you were ready!

I was even though I left the house at 10AM after entering and double checking all my limit longs waiting to be filled.

[grader]

Its funny , straight after I asked that question she started rising and bagging pips all the way up. This system is absolutely amazing, once again thanks for sharing Elijah. Haven't counted yet but made alot of pips !!!!!

[Sweet Pip]

Hi there,

I've been trying to understand this system and this is what I think I understand...correct me if I'm way off base

So you only want to place Buy orders because only Buy orders earn interest even if the trade is in a loss at the time interest is calculated ...Sell orders, get charged negative swap whether the trade at the time is profitabe or not...is that correct? In MT4 it says swap...is that the same as interest?

The Buy orders are placed or staggered as the price goes down...in anticipation that the price will bounce back up sooner or later?...which is why you don't want to use a stoploss? So like you said you're investing in the drawdown and the drawdown earns interest?

Then there is no real need of any indicators except maybe an oscillator to tell you when it's the start of a down cycle?

So if I've got that right, then I'll just have to try it

Thanks

[rrram2]

The 4H sure looks like we have resumed the move back up.
RSI is testing 50 everything has crossed up or is coming up from its down peak.

I've still got 12 orders left starting at 206.89 and going up. See open trades above.

I am looking to get long every 10 pips as it goes down. I expect to test as low as 205.50 overnight, then I expect to blow thru 207 overnight or in the mroning. We may not see that run down, but they are sure going to try to run it down overnight as usual. But as you can imagine they won't be able to hold her down.