GBP/JPY Equity Building Profitable trading strategies

[Andrewunknown]

Originally Posted by 4xStar

Starting with the candle 8 candles ago, I am looking on Accu charts and they do not give you the time when you hold mouse on candle .. or i can't figure out how to do it yet so cannot give exact time. It is a a brief one, but it is there. Also most jpy pairs are setting up with inverse h&s on various timeframes, mostly 1 hour.

I see - 8 hours ago would be considered the head, and the cluster around 213 from early 07/17 and the last few hours could be considered shoulders. There are some difficulties with that interpretation, though: namely that the apparent bullish reversal formation is occurring at a swing high, rather than a swing low as with the 07/15-07/17 formation. Without a downtrend to reverse, the likelihood of an inverse H&S forming is thin.

Similarly, though, there may be a double top forming on the 1H, especially on the Guppy and USD/JPY. The 1200 candle will tell.

[pipsquito]

So I just opened the new account yesterday afternoon and when the market closed today I had bagged 355 pips...wow...not too shabby, eh?

If I was up all night it would have been more. The troll fell asleep a few times the GJ crossed the bridge without paying. Darn troll, he shouldn't be sleeping!

Next week will be better. I wish I could just trade the guppy with this system instead of my other account...it is too stressful picking pairs to trade and then having them blast off in the wrong direction. With this system both directions are good!! Down is planting seeds, up is harvesting. A wonderfully positive experience.

I am going to really master this spreadsheet so I know when to hold off with the seed planting.

Has anyone come up with the idea to start the loss leader and buy limits down 100 pips or so below a specific high? Or below an MA of some sort? I still feel nervous setting the loss leader too high. Like right now seems a bit high to get in...feels like she might not come back here for a long while. I keep buying limits down...even from 213.70. Maybe I've missed some refinements since I haven't read every single post---all the cloud cover stuff makes me go glassy eyed...although I think it is cool I wonder if people are using it to decide when they get in or out or whatever....thought this system was supposed to be simpler than that. Who knows...

[mytwopips]

Originally Posted by pipsquito

So I just opened the new account yesterday afternoon and when the market closed today I had bagged 355 pips...wow...not too shabby, eh?

If I was up all night it would have been more. The troll fell asleep a few times the GJ crossed the bridge without paying. Darn troll, he shouldn't be sleeping!

Next week will be better. I wish I could just trade the guppy with this system instead of my other account...it is too stressful picking pairs to trade and then having them blast off in the wrong direction. With this system both directions are good!! Down is planting seeds, up is harvesting. A wonderfully positive experience.

I am going to really master this spreadsheet so I know when to hold off with the seed planting.

Has anyone come up with the idea to start the loss leader and buy limits down 100 pips or so below a specific high? Or below an MA of some sort? I still feel nervous setting the loss leader too high. Like right now seems a bit high to get in...feels like she might not come back here for a long while. I keep buying limits down...even from 213.70. Maybe I've missed some refinements since I haven't read every single post---all the cloud cover stuff makes me go glassy eyed...although I think it is cool I wonder if people are using it to decide when they get in or out or whatever....thought this system was supposed to be simpler than that. Who knows...

You can use my strat to only take long positions in guppy.

"M2P Contra Swing" in this section. You will only need to read the first few pages to know the strat. Reading any further is not required.

Guppy normally shows a signal once or twice a week. Sometimes more and sometimes she makes you wait up to two weeks.

I think I am going to try to incorporate fibo's on a 4h or daily with my strat. If I like it, there will be more to come on how that works out.

[pipsquito]

Originally Posted by mytwopips

You can use my strat to only take long positions in guppy.

"M2P Contra Swing" in this section. You will only need to read the first few pages to know the strat. Reading any further is not required.

Guppy normally shows a signal once or twice a week. Sometimes more and sometimes she makes you wait up to two weeks.

I think I am going to try to incorporate fibo's on a 4h or daily with my strat. If I like it, there will be more to come on how that works out.

Sorry for being so dense, but where is it? You say "in this section." ?? Sorry

[mytwopips]

Originally Posted by pipsquito

Sorry for being so dense, but where is it? You say "in this section." ?? Sorry

In the trading systems room.

If you look right now, it will be directly under:
"GBP/JPY Equity Building Profitable trading strategies"

[rrram2]

And $600 of profits from the old NJ account were transfered over for trading GJ. WIth $6000 and microlots for now it going to be a long way to build up again. The last 10K pips I made took 10 weeks. That is hard trading when you only have $600 because you cannot fully space them as close as you would like too. In reality you really can space them every 10 if you have enough margin and are a good enough margin manager.

$560 will secure 18 1K NJ lots in the other account and I will basically forget about this 5600 pips of profit. That account if it stays the same and NJ doesnt go up and hit all thier TPS will double every year approximately.

So Now I will concentrate on GJ and wont even open that NJ account much.
Account is just a second account at fxsol. They were real smooth about the second account and transferring money from one account to the other.

I see I missed all sorts of GJ pips this afternoon! 211.50 was a nice place to get a boatload long . I would have had a hard time with it though.
I would have been long from 212 and down into 211.50 and would have sold them by 212.29 for sure and I would have missed the next 100+ pips,
even if I was HERE!

[rrram2]

I will be back sunday sometimes. It was a good week and next week will be better. I did 3 service calls today and prolly drove 350 miles so I am tired.

[rrram2]

I look for denseness in an Alpaca it is an extremely important trait.
The denser they are the more fiber they produce. And at $60/lb it is far better to get 10 LBS off an animal instead of 4 or 5LBS. The denseist Males
bring big bucks. I have a unproven dam from a grandsire who sold at auction for 400,000 USD. I know people are crazy

NO it wasnt my grandsire! I WISH! I would be studding him out for like 10K a pop or something unhead of.

Originally Posted by pipsquito

Sorry for being so dense, but where is it? You say "in this section." ?? Sorry

[rrram2]

"People rarely succeed unless they have fun in what they are doing."

Dale Carnegie

[rrram2]

"Always bear in mind that your own resolution to succeed is more important than any other one thing."
Abraham Lincoln