GBP/JPY Equity Building Profitable trading strategies

[rrram2]

I changed accounts. I also have accounts in my wifes name that I have trading authorization on. So I always have an account that is empty.
my forexcom account is empty. I gotta get $1000 in there before they cut off my esignal feed. I have been playing forex so long I have accounts all over. SOme of them I guess got closed when I withdrew all the money.
But most places like forex.com won't close your account because you remove all your deposits and profits and zero your account. The account I am trading now is my wifes and had $40 left in it from when I got wiped out on 3/16/08 a few pips up from 192.60 where it bottomed. That was very sad.
Because if I lasted through that down I would have made a small fortune on the way back up. I have a loss leader at 205.oo now. I bought it when price hit 205 then it went down lol. I made a few hundred pips today while I Was doing service calls. fxsol lets you change to micro on your own from the account settings I learned. SO I vcould have been playing 5k lots which may be the ideal size. I just don't have enough funds to have 50K consitantly sitting in forex. I have mad mortgage payments (DRAWDOWN UGH!).

Originally Posted by 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]

Still have a loss leader at 205.00 and next one down is 204.59.
Trying to get a few more 20 pips down .39 .19 .99 and so on down,
spacing wider in the event of a move south, but it sure looks like to me we will recover to previous levels into 208 and 209 and I think we could easily hit that before WE if all goes well. Thats only 350-450 pips up.

I keep coming back to my terminal to find open orders with no Tp's or with TPs set at 100 pips that haven't hit their targets yet. Often I close them for 20-80 pips. I am trying to get the loan club going and close some of my calls.

[rrram2]

Be ready for some more GJ positive news this morning at 830.
Careful though after that as bernake is talking.

[rrram2]

We seems to be stuck between 203 and 205 and lately can't seem to get past this mornings high of 204.42.

Be ready for a higher than expected US HOusing starts.
And at 930 EDT expect a poor consumer confidence number
which should run Gj down for an hour or so before it returns to the
upside.

Same plan as always. I'm up now about 2000 pips for the week.
Next week I refund my account with some real money and prolly will change my lot size from 1K lots to 5K lots exactly half of a minilot.

I have received some weird emailing talking about
some action by the people of the United States, due to government incompetence. But I think it is due to theft, greed, and deception
I will find the PDF and post it.

These are very troubling times in the US as our government continues to rob us blind and steal from us by deceiving us.

My labor is my PERSONAL property. Neither I nor my labor belongs to the USGOV. I am not a slave. Abe freed me. God created man with certain God given rights which cannot be removed by ANY man. Those who attempt to thwart the divine intentions of the creator will be struck down.
There is ALWAYS justice in the end and this string of recent outlandish events
are no exception.

"Dearly beloved, avenge not yourselves, but rather restrain your wrath; for it is written, Vengeance is mine; I will execute justice for you, said the Lord" --- Lamsa

Justice is always executed WITHOUT exception and everyone will eventually get what they have coming, there is no other way!

[rrram2]

Looks like we have some good support at 203.90/204.00.
Even the 200EMA is at close to 203.90 at this point.

Be ready for a big leg up after we bottom out 30-60 minutes after consumer sentiment! I expect a 50-100 pip move down after thew CS report.
ANd am about 99% sure the CS report will be lower than expected,
which should jolt GJ down, so we can load up cheaper on some longs.

[rrram2]

10:09 AM EDT 203.74! buy

[rrram2]

Welcome! Since you are playing against me, here is the rest of the plan.
I am buying all the way down still into the high 197's. I encourage you if at all possible to run it down that low so I CAN make a killing on the way up,
because even at 1K lots I am still making good money for the amount of time invested.

I am becoming more and more patient. SO all you shorties....bring it....run us down...you won't be able to hold her down and when she breaks free, lookout.

[rrram2]

I am the flipper.

[rrram2]

History always has a "way" of repeating itself.
The egoic mind has a way of tricking you into thinking that the past has something to do with the future. It doesn't outside of cause & effect.
It is because of this that the market does have a memory, because it is the TRADERS memory that is seen as the markets price memory.
In reality the market does NOT have memory.

[HAUGHT007]

Hi,

Still pretty new to forex. I've been demo-ing for about 6 months now trying out different systems after I busted two live accounts. Live and learn right? Anyway, it's looking like the GJ is consolidating on the month TF fixing to head up. On the weekly, it looks like it's about to head down for a while. Have you ever thought about maybe using any indicators to hold off buying until it is trending up on the weekly, daily, and 4 hr, then starting to buy every 25 pips or so if it goes down? Then instead of settin your TP at 30 pips, let it ride till the end of the 4 hr trend. Just an idea. Wanted to get your 2 cents on it. I might try this strategy in my demo for a while. I'll keep you updated. What do you think?