GBP/JPY Equity Building Profitable trading strategies

[4xStar]

Originally Posted by trav72

just to let you know in my demo.. i have only being using this system.
it started with 100,000 exactly only two weeks ago.
every order i have place has been 5 lots ie. $50/pip
it is $191,000 right now with one loss leader left in play at -$1000.
now that is pretty good!!!!!!!!!!!!

Me too on a larger scale .. $500k in demo 6 weeks ago, only playing this strategy, nothing else. This morning it just topped $800k with more to come.
And I am playing 5 lots at a time as well. Biggest drawdown was over $250k, but that came after I was already $200k in profit.
When I cash out everything after this run, it should be over $850k.

I still need to run some numbers but it looks like, conservatively you can take a $10k account, play micro lots 5 at a time with this strategy and only this .. and double it every 2-3 months.

Hmmm......

[grader]

Originally Posted by rrram2

We only briefly talked about this many posts ago but grader has a spread sheet that allows him to see how far he can go down before getting sold out at 100% margin useage. I guess this last time he could go down to 180 or something. 180! hahaha not to make fun but he is very smart and very safe with his margin! I laugh at 180 because even in England sunk into the ocean price wouldnt go down to 180

One ;loss leader left at 211.75 I am holding this, And often after having only one loss leader left, I think I should change its TP to 100 pips, because I dont really want to sell this. That way I still have an 'interest' in the market.

and if she decided that the north pole is nice this time of year, I would be going with here there, but if you dont have any orders you are not going anywhere with her.

And once you missed the 'bus', All you can often do is watch her speed off,
you cannot catch her! Nothing worse than watching her drive from Oklahoma
to minnesota, while you are NOT on the bus!

If you are kind to her and speak nicely about her, she will come ppick you up anywhere, even Arkansas! and take you back North out of the states into God's country, Canada! BTW all (without exception) countries are God's.

If you bad mouth her, well can you say whipsaw? She is the most skilled user of the whipsaw in the forex world. She has whipsawwed all sorts of 'Big Boys'....really she doesnt care how big you are, she fears NOT!

I am in the process of tweaking my spreadsheet( in light of that recent drop, I noticed that I could do more with the spreadsheet) as soon I am done I will gladly share it.

Something I have been trying (especially in the last move down) is that I have been buying behind her move down, this eliminates any drawdown and almost doubles up your profits. Be warned though , I used my spreadsheet to calculate how much I could buy behind. There is the chance of retrace but you should space them (in accordance with your margin management) so that you can only pick up one extra lot in the retrace. Hope this makes sense , perhaps those that are running Demo's could try this and report back to us !!!!. Grader

[4xStar]

Originally Posted by grader

I am in the process of tweaking my spreadsheet( in light of that recent drop, I noticed that I could do more with the spreadsheet) as soon I am done I will gladly share it.

Something I have been trying (especially in the last move down) is that I have been buying behind her move down, this eliminates any drawdown and almost doubles up your profits. Be warned though , I used my spreadsheet to calculate how much I could buy behind. There is the chance of retrace but you should space them (in accordance with your margin management) so that you can only pick up one extra lot in the retrace. Hope this makes sense , perhaps those that are running Demo's could try this and report back to us !!!!. Grader

I've been working on a similar spreadsheet as well, do not have it right yet, at least it doesn't make sense when I change margin from 100:1 to 200:1 or 400:1. Perhaps you could send me your ss grader & I can send you mine, maybe 2 heads will get it together faster. 4xstar at traderstar.com.

[4xStar]

Originally Posted by rrram2;57601'

DID YOU LEARN SOMETHING FROM THIS LAST RUN DOWN?

weren't you almost sold out? Or better asked what was the maximum margin %age useage you peaked out at?

This is the key money management. And like I say and do and know,
what I do works because of principles which maybe some people will never understand.

That is the key .. we need to know the amount needed to do this safely. Earlier I said $10k which proportionately is double what I have in my demo account, trading 5 micro lots at a time. But it could be less, need those spreadsheets to calculate more precisely.

[mykungfuisgood]

It not the easiest to use as it doesn't automatically tell you what price you can go down to. It will tell you your floating p/l in pips and dollars, equity, etc. So you can change the 'current' price field to see how that would affect your equity etc.

If anyone has questions on it, let me know.

I can't attach it from the forum, so hopefully I don't get banned for posting another website on here.
*look for the xls spreadsheet
redwolf547's Stuff eSnips Folder

[4xStar]

Originally Posted by trav72

now in hindsight, what is the anlaysis that set her down...really it is just support and resistance levels...was it the news....forgotten now...doesnt really matter, but why is it that it goes so far, then turns and goes right back up again....how is it, why did it stop at 207.8 or whatever..how much more down could of you handled another 300, is that possible too...or is 400 a max, can we expect more

There is no analysis ...she defies fundies & news, she laughs at technical analysis, she just does what she does, as Elijah says. I would suggest studying the candles of the last 2 days, and throw all charts and ta out the window, just look at the candles from the 15' on up, especially the 60'. Candles is price action and price action alone tells her story.

Elijah has learned to 'feel' her, it took him many months and one blown account (that is when you learn the fastest) but now he just 'knows' what she is planning (although not always when...)
We have to get to that point .. watching the 60' candles yesterday and through last night, I began to "see" it as well. It defies ta, logic, news, everything. It is just what the guppy does.

I think most of us have accepted that her dips and retracements are only to buy more gas for her runs up. All that is left is to figure what size account - leverage - position size is needed to safely trade her this way and ... work on the "when". But it won't be found in any chart, price action alone controls her moves. Study the candles of the last 2 days, maybe memorize them

Elijah knows her like in that song "Have you ever really loved a woman" , that is the goal for the rest of us

[4xStar]

Originally Posted by mykungfuisgood

I can't attach it from the forum, so hopefully I don't get banned for posting another website on here.

You can edit it & post not as a link but as something like esnips dot com/ rest of address... so we can go there, but it is not clickable.

Thanks for sharing, maybe it is the missing link I need to make mine work properly .... I think mine will be simple to use, but some forumlas may still be off, will compare with yours.

[4xStar]

Originally Posted by grader

I
Something I have been trying (especially in the last move down) is that I have been buying behind her move down, this eliminates any drawdown and almost doubles up your profits.

What do you mean by buying "behind" her move down?? How does it eliminate drawdown?? That would be the holy grail!

[mykungfuisgood]

Originally Posted by mykungfuisgood

It not the easiest to use as it doesn't automatically tell you what price you can go down to. It will tell you your floating p/l in pips and dollars, equity, etc. So you can change the 'current' price field to see how that would affect your equity etc.

If anyone has questions on it, let me know.

I can't attach it from the forum, so hopefully I don't get banned for posting another website on here.
*look for the xls spreadsheet
redwolf547's Stuff eSnips Folder

world wide wed dot esnips dot com slash web slash redowlf547sStuff
Scroll down till you see the
gbp-jpy swing trading dot xls

[4xStar]

Originally Posted by mykungfuisgood

world wide wed dot esnips dot com slash web slash redowlf547sStuff
Scroll down till you see the
gbp-jpy swing trading dot xls

Yeah you won't get iin trouble for that .. LOL