GBP/JPY Equity Building Profitable trading strategies

[pipsquito]

Originally Posted by mytwopips

216 216 216 ALL ABOARD!!!

Ha Ha, you guys can't shoot me over a network connection.

You are so funny...hey, don't knock it...anything in this world is possible!!! Worth a try...I'm putting 216!!! all over the place here...might as well be positive.

If I don't crash I'll hold onto that belief. Like I said, I'm committed now...prepared for the ride in either direction. If I go under I can always find a nice cardboard box to live in under the freeway...you can find happiness anywhere.

[mytwopips]

Todd,
Try to demo my strat. It might be your taste. The only thing I have changed is a 200 pip sl.

I might change it to a 250 for the guppy and 175 for other pairs though.

Believe it or not, Elijah's strategy is profitable 100% of the time. I know it is hard to believe during times like this, but the math works out. It just may be to long term and less rewarding on the short term for us "traders".

[Andrewunknown]

Originally Posted by cadarkitek

I know this is a Long thread but 'm looking to sell anytime soon, waiting on a signal which I think might appear in an hour or so.

Still watching the rising wedge here, where a break held below 205.09 could mean a pickup of the downward trend if any momentum gets behind it. The wedge isn't negated until a break above the upper ascending trendline at 206.10 (also the 76.4% fib retracement on the decline from 207.20 to 202.53).

Levels to watch below are 204.87, ~204.25, 204 and then fib fan support @ ~203.70.

[Andrewunknown]

Originally Posted by mytwopips

Believe it or not, Elijah's strategy is profitable 100% of the time. I know it is hard to believe during times like this, but the math works out. It just may be to long term and less rewarding on the short term for us "traders".

That's absolutely true. But, you're right: the massive pippage euphoria experienced when the pair is going up makes it very easy to subscribe to the method, until the cold reality of weathering a long decline and then settling in for the moratorium on trading activity that will extend until BE is reached. That's the part where a value investor may be content, but a trader probably will not be: it's like sitting on real estate with capital locked up but finding contentment because you'll build equity in the long-term. Meanwhile profitable deals (the current housing market not withstanding) are whizzing by on all sides....

[mytwopips]

Andrew,
You have a gift with words. That's basically what I was trying to express but you do it so much better.

[4xStar]

Originally Posted by pipsquito

Well...I always got my encouragement from Elijah to stick with the positive guppy and not short it etc. Now that he is gone I am assuming that means he no longer believes the guppy will prevail. Sad.

I think he gave up some time ago .. he has not traded the guppy in a long time, he put all his money in the NJ. And on that last swing down of the NJ, that account may have been blown as well.

Sorry about your cow

[4xStar]

Originally Posted by cadarkitek

I know this is a Long thread but 'm looking to sell anytime soon, waiting on a signal which I think might appear in an hour or so.

And you're not going to tell us what that signal is, right? What timeframe are you mostly looking at?

[mytwopips]

At least Elijah always withdrew earnings. So over time, he has made more out of the market than the market has taken, even with the blown accounts.

[4xStar]

Originally Posted by mytwopips

At least Elijah always withdrew earnings. So over time, he has made more out of the market than the market has taken, even with the blown accounts.

I doubt that very much, I think he topped up more than withdrew. And I think you make money with this strategy the same way you do in real estate or in the stock market .. buy right in the first place.

[cadarkitek]

Originally Posted by mytwopips

At least Elijah always withdrew earnings. So over time, he has made more out of the market than the market has taken, even with the blown accounts.

Where is he(Elijah) when the GUPPY is ripping hearts apart? A word or two from him would not heal but followers of the "Long System" would appreciate it I think.

4Star its a signal (custom indicator) from my system.