GBP/JPY Equity Building Profitable trading strategies

[pipsquito]

If anyone is out there that is following the GJ I'd love to hear what you think about what it is doing. Seems like a little pennant has formed on the one hour with a flat bottomed triangle...but the bottom is moving down, not stable. It IS tightening up though, like a spring. Seems since it has come from a short up trend it may be getting ready to break to the upside, but the push seems down.

Wondering what anyone else things.

Yeah, yeah, I said I was giving it a rest. I am not watching my trades, just looking at the chart now and then. I am not going to focus on it...

[Bobkat]

Pipsquito,

Face it man! You're addicted to trading! LOL!

BTW, I enjoy your posts, so keep 'em coming!

[pipsquito]

Originally Posted by Bobkat

Pipsquito,

Face it man! You're addicted to trading! LOL!

BTW, I enjoy your posts, so keep 'em coming!

Yeah...I think you are right...I try to tell myself I am not an addict...I hate Vegas...hate to gamble...so it isn't that. I think I love applying skill to something that can make a lot of money. I like "knowing the secrets" etc. etc. But you are right, I am obsessed with it!! And it isn't the money...not directly (although that is nice) it is applying know how and getting something in return.

It is cool stuff I think.

Also, I have been an artist all my life, so this is very left brain for me, something I am not used to exercising. So I find that refreshing.

Thanks for your comments about my posts. Sometimes I wonder if I am verging on narcissism.

[rrram2]

Iv'e been killing them all week, I put in another 300 from my debit card and need to get ALL the cc's in order so I know what I have available on which one.

Ive got 600 in my account now + 2 days of profits, over 400 pips
at a tiny 10 cents per pip. I should have done mocrolots before and
worked my way up to 5 micros or 1/2 a mini so 5K lots maybe.

I want to be able to buy without regard to margin at the prices I want.
I have been playing conservative.

I refinanced one of my mortgages yesterday and had to pay the over 2G in interest before they would renew my loan, so looks like I could be a little on the broke side until I yank some $ out of p2p.

My dad maxxed out his p2p account at 25K and is making an insane $667.50/day in interest.

I've got to go look at some land this afternoon. GJ still sailing up up up on some good news ALL day for GBP and USD! 210 is on the horizon!

[rrram2]

You have the burning desire. Desire is what precedes receiving of ALL things.

BY becoming obssessed aka as KEENLY FOCUSED yields tremndous results
when you have that burning desire, keen focus and right thinking.
Thought are things. And they are the things which are the "cause" in your life. And to top it off if you ENJOY it, it isn't much like work
AND if you can make money at it. It is a no brainer. With no risk there is no reward. And obviously the greater the risk the greater the reward.
This is gambling. But you gamble when you get out of bed, and drive the car,
and walk down the street.

ATM I am feeling really good about GJ and expect another leg up while I am away. MY position got flat. I got a few more in high at 203.67 and .59
buying long every 30 or so pips and trying to take larger profits at 40-50 pips.
I had a bunch of them I was going to hold into Wednesday and earn a whopping 15 cents interest, but they ALL sold out on that run up.

Originally Posted by pipsquito

Yeah...I think you are right...I try to tell myself I am not an addict...I hate Vegas...hate to gamble...so it isn't that. I think I love applying skill to something that can make a lot of money. I like "knowing the secrets" etc. etc. But you are right, I am obsessed with it!! And it isn't the money...not directly (although that is nice) it is applying know how and getting something in return.

It is cool stuff I think.

Also, I have been an artist all my life, so this is very left brain for me, something I am not used to exercising. So I find that refreshing.

Thanks for your comments about my posts. Sometimes I wonder if I am verging on narcissism.

[rrram2]

Only to find all my longs sold out at hit their tp's and I am flat again.

I have a new loss leader at 203.69 and am buying at .59 .49 thern every 20 or 30 pips down after that into 200's then I am going down every 100 pips to 197.99.

I've made am awesome 700 pips this week so far too bad I am only playing 10cents a pips ARG!

Resistance at 204.00/10/20 it seems, hopefully some news blows us through 204!

[pipsquito]

I am still holding remnants from last week...with longs all the way up to 207.79 or so...actually my loss leader is 208.20! I got knocked down even further with last night's dip. My account is less than $2,000 with a drawdown of about $890 with all those old trades still hanging around (actually it may be less than that now...I have not seen it since this morning, but I don't think it went up to 208.20 to flatten me out!!)

rrram2, how are you flat? Did you open a new account? I have not been able to play this move up at all as every time I put in a trade it rejects it with "Not Enough Money"...how sad!!!

I couldn't switch to micro midstream like you could.

Thanks too for the very nice note about "burning desire" being the cause behind effect....focused intention is indeed the path to manifest desire. Thanks for the words....

Best...Todd

[rrram2]

MOre good news for GJ and up up up.

THings are sure looking up now eh Todd?

FOrget that no trading thing. Aside from refunding my account, which happens every once in a while.

[rrram2]

Looking to get into the 210's before Month End.

It is sad I have 1000 pips for the week @ .10 cents a pip.

I need a full time secretary!

One who can take commands and trade forex wouyld be a side benefit.

I can teach a monkey to trade GJ.

I could have made more pips last night but I didnt feel like getting up and entering more orders.

I have never got flat so quick so many times in a row. Not much fun without all the drawdown! LOL

[pipsquito]

Yeah...I am flat now...I didn't realize until today that when I got the margin call it took out many of my TMTH longs! I suppose that is what happened to Elijah too.

I sure admire your spirit, Elijah...trading this thing all the way up with dimes!! I couldn't do it...I had my tail between my legs just hoping it wouldn't wipe out the rest of my account. Of course the lowest I could trade was 1 mini lot and that was just too much with a $3,000 balance.

Anyway...I ended up with $3,500 ...down from $68,000....not bad, eh? And yes, the darling GJ DID go back up!! I wish I had had $100,000 in the account so that I didn't get called, I would be rolling in pips now...

Oh well.

Everything is so choppy right now...expected some big moves in the GU, EU, etc. last night and got nothing but trades triggered then going in the opposite direction. Jeesh. The GJ did well though. Pesky critter.

Well...I will trade this system demo, but I doubt if I ever go live again except maybe for fun in a micro account. Unless of course some sort of short system is put in, or something that will prevent a blow out. I don't want to put in SL's...that would be too time consuming for one thing, and I am not interested in losing MOST of my account instead of ALL of it. Running short trades as insurance seems the smartest way. I'm not sure how that would work...but if we assume she will always come back up, why not set up shorts that BE SL as she heads back...just to keep the draw down to a minimum?

Todd