GBP/JPY Equity Building Profitable trading strategies

[rrram2]

You should have been buying all the way down to 205.50
I think I said yesterday I expected to hit that overnight.
You shopuld have loaded up on some and sold them already.
Looks like I made less than 200 pips somehow (overnight).

[rrram2]

One a week? that is no way to trade. It is wednesday morning.
I have almost 100 RT GJ trades from SUnday night open until this morning.
FOr a total profit of about 950 pips. SO my average is now less than 10 pips profit per trade. BUT 100% of those almost 100RT trades yielded a profit, even if just 95 cents.

MY trigger is the 2 minute. THe 15 min if MT for me.

You cannot obtain a better win ratio this way. YOu may be able to get more pips profit per trade. But if you make ONE trade a week, it will be nearly impossible for you to 3000 pips a wekk like I normally yield week after week. Yes sometimes I only make 2000 pips a week. But much of these profits relate to how much time I spend sitting here at the CPU. IF I don't spend any time trading in a week I won't make thousands of pips.

This method I use is unconventional and nonsensical to most experienced traders.

But no one here that has actually put the time in to test this and learn this can say or HAS said they are losing pips or are waiting all week to get in.

Originally Posted by mytwopips

Hi rrram2,
This is a very interesting strategy that you have. I think I am going to try it (demo for a while of course).

I am going to make one change. I will only start taking the longs once price has moved a fair distance below the 200 ema on the 15m.

My change has an advantage and a disadvantage.

Advantage: Possibly better win ratio with all orders, even the first order taken in the series.

Disadvantage: Even on the 15m you only get a signal about once a week. Twice sometimes.

Any comments?

Thanks for sharing your strategy.

[rrram2]

See the interest is just a backup thing. The primary money making here is in banking pips not in earning interest. YOu can see though from my orders that I am holding a long at 209.63 for over 2 months now, which has PAID so far over $30 in interest. I only used LESS than $50 of margin to buy that long.

That long has $50 of my money tied up holding that order, but in 2 more months that trade will have yielded $60 in interest, eventually it will hit its TP.
IN the mean time I am ok baking interesdt at 30% per month on higher longs I am holding.

Originally Posted by Sweet Pip

Well that was sweet ....all 3 hit their target of 20 pips each! But now I don't have any longs to earn interest on oh well

Thanks for sharing and I'll keep demoing this for a while yet and hope it holds consistently for me

[rrram2]

UJ should hold 105 and prolly test 106 by week end (WE)
GU should is due some correction up, The dollar should slide today and GU should rise.

GJ is running down now into 205's I am buying all the way down and expect to blow through 207 and test 208 by week end.

FOr the run down to 205.50 I am buying long every 10 pips.
I am using a little more of my margin as Wednesday is a BIG day for me,
as all sorts of fools are selling GJ right before rollover. And I am buying GJ
always before rollover. GJ normally seems to run down before rollover,
but it almost always retraces 100% iwithin an hour or two afterwards.

NOW is the time to get GJ long, you should be able to see we are bottoming out, and the 830 news may make a new bottom. But caution as much news is now pointing to a stronger USD and more of the news latyely has been USD positive, which is GJ positive.

[rrram2]

Lots of pips getting banked as she runs up and down.
margin useage is up to 7.91% on 21 lots.
The idea here is that I am loading up on longs which will collect triple interest
today at rollover. I may get in deeper than 7.9% margin useage but I doubt we will get a run down below 204. 204 should provide solid support for the next major move up.

From the news and chatter out there, everyone seems baffled that the USD has come back so strongly and wondering how gold is down around 875,
all of this news and chatter from so called experts just makes me expect more strongly what I already felt. GJ is coming up for a major move up.
I don't suggest trying to buy a large amount of orders down low and holding it for 700 pips but you could.

It may even be smarter than my "SAFE" way. But riskier because many of you prolly dont understand the GJ as I do.
Some may but for 3 solid years I watch GJ charts usually 24/7/365

[rrram2]

We have been in such a tight range here, making it even hard to get them for 1-3 pips

I have been half steping and going every 5 pips @ bottom from 205.80 into 205.50. But its boring getting 1-3 pips over and over and reentering orders.

I guess its lunch time in NY and coming into lunch in CHicago.

[rrram2]

D1301405~P/L~E08171809~GBP/JPY~1.00~B~05/06/2008 23:53~206.29~05/07/2008 00:36~206.31~$1.91
D1301405~P/L~E08171807~GBP/JPY~1.00~B~05/06/2008 22:10~206.49~05/07/2008 02:22~206.70~$19.99
D1301405~P/L~E08172568~GBP/JPY~1.00~B~05/06/2008 21:59~206.59~05/07/2008 02:22~206.70~$10.47
D1301405~P/L~E08173652~GBP/JPY~1.00~B~05/06/2008 21:28~206.69~05/07/2008 02:23~206.80~$10.47
D1301405~P/L~E08171819~GBP/JPY~1.00~B~05/07/2008 03:26~205.79~05/07/2008 03:53~206.10~$29.51
D1301405~P/L~E08171817~GBP/JPY~1.00~B~05/07/2008 03:25~205.89~05/07/2008 04:00~206.20~$29.49
D1301405~P/L~E08171816~GBP/JPY~1.00~B~05/07/2008 02:58~205.99~05/07/2008 04:01~206.30~$29.48
D1301405~P/L~E08171814~GBP/JPY~1.00~B~05/07/2008 02:58~206.09~05/07/2008 04:01~206.30~$19.97
D1301405~P/L~E08175621~GBP/JPY~1.00~B~05/07/2008 02:56~206.29~05/07/2008 04:01~206.40~$10.46
D1301405~P/L~E08183625~GBP/JPY~1.00~B~05/07/2008 08:23~205.85~05/07/2008 08:30~205.99~$13.29
D1301405~P/L~E08181802~GBP/JPY~1.00~B~05/07/2008 08:25~205.79~05/07/2008 08:33~206.10~$29.39
D1301405~P/L~E08181807~GBP/JPY~1.00~B~05/07/2008 08:18~205.89~05/07/2008 08:34~206.20~$29.39
D1301405~P/L~E08181815~GBP/JPY~1.00~B~05/07/2008 08:15~205.99~05/07/2008 08:48~206.30~$29.36
D1301405~P/L~E08181875~GBP/JPY~1.00~B~05/07/2008 07:36~206.09~05/07/2008 08:48~206.30~$19.89
D1301405~P/L~E08171821~GBP/JPY~1.00~B~05/07/2008 09:42~205.69~05/07/2008 09:52~205.78~$8.54
D1301405~P/L~E08185102~GBP/JPY~1.00~B~05/07/2008 09:39~205.79~05/07/2008 09:54~205.81~$1.90
D1301405~P/L~E08185807~GBP/JPY~1.00~B~05/07/2008 10:06~205.64~05/07/2008 10:07~205.66~$1.90
D1301405~P/L~E08186151~GBP/JPY~1.00~B~05/07/2008 10:08~205.64~05/07/2008 10:15~205.75~$10.44
D1301405~P/L~E08185796~GBP/JPY~1.00~B~05/07/2008 10:00~205.69~05/07/2008 10:20~205.73~$3.80
D1301405~P/L~E08186440~GBP/JPY~1.00~B~05/07/2008 10:25~205.69~05/07/2008 10:31~205.71~$1.90
D1301405~P/L~E08186505~GBP/JPY~1.00~B~05/07/2008 10:23~205.74~05/07/2008 10:32~205.77~$2.84
D1301405~P/L~E08186424~GBP/JPY~1.00~B~05/07/2008 10:38~205.64~05/07/2008 10:40~205.75~$10.43
D1301405~P/L~E08186648~GBP/JPY~1.00~B~05/07/2008 10:35~205.69~05/07/2008 10:43~205.74~$4.74
D1301405~P/L~E08186667~GBP/JPY~1.00~B~05/07/2008 10:32~205.74~05/07/2008 10:43~205.75~$0.95
D1301405~P/L~E08185834~GBP/JPY~1.00~B~05/07/2008 09:55~205.79~05/07/2008 10:44~205.84~$4.74
D1301405~P/L~E08171826~GBP/JPY~1.00~B~05/07/2008 11:04~205.59~05/07/2008 11:10~205.62~$2.85
D1301405~P/L~E08187024~GBP/JPY~1.00~B~05/07/2008 10:56~205.64~05/07/2008 11:11~205.69~$4.75
D1301405~P/L~E08186936~GBP/JPY~1.00~B~05/07/2008 10:55~205.69~05/07/2008 11:11~205.71~$1.90
D1301405~P/L~E08187520~GBP/JPY~1.00~B~05/07/2008 11:16~205.64~05/07/2008 11:50~205.66~$1.90

I am down unrealized 2500 pips and am at 8.64% margin useage so I am ok
with 24 longs heading into rollover.

[rrram2]

The roller over I am looking for is tomorrow (Wednesday) at 5PM.
Glad I only have 24 not 44 or something extreme.

[rrram2]

SO I am doing better than previously thought as it took one less day.

Originally Posted by rrram2

One a week? that is no way to trade. It is wednesday morning.
I have almost 100 RT GJ trades from SUnday night open until this morning.
FOr a total profit of about 950 pips. SO my average is now less than 10 pips profit per trade. BUT 100% of those almost 100RT trades yielded a profit, even if just 95 cents.

MY trigger is the 2 minute. THe 15 min if MT for me.

You cannot obtain a better win ratio this way. YOu may be able to get more pips profit per trade. But if you make ONE trade a week, it will be nearly impossible for you to 3000 pips a wekk like I normally yield week after week. Yes sometimes I only make 2000 pips a week. But much of these profits relate to how much time I spend sitting here at the CPU. IF I don't spend any time trading in a week I won't make thousands of pips.

This method I use is unconventional and nonsensical to most experienced traders.

But no one here that has actually put the time in to test this and learn this can say or HAS said they are losing pips or are waiting all week to get in.

[rrram2]

FIB levels. bottom could be forming at current price level 205.50/60ish