GBP/JPY Equity Building Profitable trading strategies

[rrram2]

MY Tp is only at 213.56 for my .35 LL

And Todd youy could trade as many as 4 standard lots on that 10K account,
just dont buy more than 4 lots, and make your first loss leader, at A SURE bottom, but ta that large size you cannot get in with many and may as well swing trade off the bottom.

You would have loaded up at like 208.00, THis week I think you may have already missed the bttom, bottom.

It is sad sometimes. I have 136 pips for the week with some time invested.
Yes I made $13.60 on my $600 account. But you know what? COme back in a month, and my account will STILL be increasing.

YOu cannot trade too fat as you would be a fool to underestimate her downward fury knowing what you know.

I am struggling with many things Todd. And it all comes down to what IS.
When I do not agree with or do not like what IS I get into trouble.
Instead of acknowlefgeing what IS and realizing I am not the creator of that
and accepting it or taking steps to change it, I just rebel or resist.

Resistance is Futile!

[rrram2]

156 pips for the week so far at a meager 10 cents a pip. But that is not significant the per pip value.

She is heading past 213.60 now look out!

[rrram2]

Tremendous upward pressure exists here.

Bearish divergence hahahaha, right right,
bear are mean and CAN run fast, but rumor has it they really cannot see that well with their eyes

Bears are often trapped. If I was a bear I would use TIGHT stop loss orders!
but I am not so I wont worry,.

But like I said a few hours ago? This is not the palce to be short.
its going higher now you have a chance to get in short higher! LOL
Keep selling it all the way up heh. Thta is much like me buying it on the way down.

But in the end the bulls will beat the bears again!

[rrram2]

"It's the constant and determined effort that breaks down all resistance, sweeps away all obstacles."

Claude Bristol

[HAUGHT007]

Question:

On the weekly TF, we're coming up on trendline resistance starting back in July '07 and bouncing off Oct '07. Also, on the daily TF it seems to have resistance off the 200 SMA. How strong do you think these are? Also, if there's a retracement before we can break through them, any guess to how far down it will go? 100 pips? 400 pips?

[4xStar]

Dang, I've been scalping pretty well all morning, but when she headed past .70 with such steam, I thought it may be the breakout we were waiting for and grabbed 2 positions at .80 .. so far, that was a mistake

But Elijah will say she is just resting and will soon dazzle everyone with her northward energy.

If not, I am in too high

[rrram2]

I didnt post a weekly chart but look at the rsi it clearly want to continue up,
look back and see how powerful she was once the rsi got above 50 and hit 55
and kept moving up. looking back to july last year on the weekly we are not in the same boat. The weekly to me is screaming up not a reverse.
I am still carefully scaling in my trades. My margin has not been more than maybe 2%. I want to win the upcoming contest. But am already at almost 200 pips for the week now just scalping. GJ & NJ. Soon I guess I will have to start trading AJ but not too soon. First I need to build up some solid GJ money. She still owes me!

Originally Posted by HAUGHT007

Question:

On the weekly TF, we're coming up on trendline resistance starting back in July '07 and bouncing off Oct '07. Also, on the daily TF it seems to have resistance off the 200 SMA. How strong do you think these are? Also, if there's a retracement before we can break through them, any guess to how far down it will go? 100 pips? 400 pips?

[rrram2]

She wasnt able to even move 100pips down HEH!

2 2 .80 eeeeek I am flat. trying to get in with a LL at 213.35.
She is not coming to get me so far since she was there last when I bought at that level. I think she is heading for 214.50 where she will bounce off heard especially the first time.

She seems to have a need to reach higher prices. Patience she is playing with some folks then she will move on.

Originally Posted by 4xStar

Dang, I've been scalping pretty well all morning, but when she headed past .70 with such steam, I thought it may be the breakout we were waiting for and grabbed 2 positions at .80 .. so far, that was a mistake

But Elijah will say she is just resting and will soon dazzle everyone with her northward energy.

If not, I am in too high

[rrram2]

"A man can succeed at almost anything for which he has unlimited enthusiasm."

Charles Schwab

[rrram2]

Why does that look so ripe for a fall? Wow on my 12 min that thing went fast and hard and peaked at @ 1224PM @ 205.65 wow