GBP/JPY Equity Building Profitable trading strategies

[trav72]

MAN THIS GIRL HATES ME. SHE JUST WANTS TO KEEPING RUNNING FAR FROM ME...
I MIGHT BE GETTING THE MESSAGE HERE GIRL....I HAVE BEEN STUBBORN, BUT RIGHT NOW YOUR MAKING ME LOOK STUPID

[rrram2]

I am leaning to the short side but am ready to load up on some more longs on a break north above 193.50, we will see.

[rrram2]

GU is 177.81
UJ is 108.71

Originally Posted by mytwopips

What's the price on u/j and cable?

I'm trying to figure out if the nice gap is from yen take profits or a cable rally on the dollar, maybe the mays & macs have spooked the dollar to dump.

I have some long u/j's too. So nice info to know before the open.

[mytwopips]

Originally Posted by rrram2

GU is 177.81
UJ is 108.71

Thanks Elijah for looking that up.

Woo hoo! That will put all my u/j's into profit if it holds.

I got 45 more minutes. Most brokers are now open.

[mytwopips]

Yah! Kick a$$ sweeeeeeeet open.

[akeakamai]

Originally Posted by rrram2

Do you think I am so green as to not know that one short costs me 39 cents to hold over night while one long only pays me 5 cents?

DO you have any idea how many banked pips I made last week starting Monday? I dont I havent counted, but it is in the neighborhood of 7000 pips.
DO you think the interest rate differential is really significant? I could see if guppy didnt move and I didnt scalp her for over 1000 pips a day last week.
Yes I still have drawdown, But I already have about 25% equity after one week.

Normally I would have been sold out on that run down to 185.XX, heck I was sold out on the run down on mar17 and that was ONLY 192. I am quite a bit smarter than I was 6 months ago. Now it really doesnt matter where she goes, I will bank pips and slowly earn the drawdown back. I am sometimes right on So in the few instances where I am wrong about direction, I am only playing the "line" so it doesnt matter, unless I am way out of balance.
I dont sit equally balanced most of the time. normally I am leaning to one side or the other. I am only balanced equally going into fridays close, so the gap up doesnt hurt me any.

Well a trader's only report card is his account balance, so if you have more money now than when you started (especially after banking all those 7000pips) then all the power to you. However, my argument about the pointlessness of holding hedged positions is still valid.

[rrram2]

I Dont see myself going back to trading GJ just long if I can hedge and get her coming and going. Account balance is still increasing, but so is drawdown. I wonder if my account increases to 1 million and I have 1/2 a million in drawdown would that be good or not? I could sqr everything at that point and walk with 500K right?

Originally Posted by akeakamai

Well a trader's only report card is his account balance, so if you have more money now than when you started (especially after banking all those 7000pips) then all the power to you. However, my argument about the pointlessness of holding hedged positions is still valid.

[pakiestra]

What is this crazy girl doing ?????????????????????
Within last 2 hrs of trading I've managed to come across two things:
Banked 5000 pips on her mad run up and run down - I truly love her.
I have put some orders before an opening as the Bloomberg at 10.00 EST showed me Mr Bold Paulson promising to look after artificialy created bad debts in Fannie's.
Markets are longing for a breather so after a mad run I will stand aside and see what happens next.
And now b. I have been left with a question: how much is this mad run are going to take ?

[akeakamai]

Originally Posted by rrram2

I Dont see myself going back to trading GJ just long if I can hedge and get her coming and going. Account balance is still increasing, but so is drawdown. I wonder if my account increases to 1 million and I have 1/2 a million in drawdown would that be good or not? I could sqr everything at that point and walk with 500K right?

You are right but you are agreeing with me

You just told me how the only thing that matters is your net position. The part of your position that IS HEDGED is not making any money from price movement, BUT it is LOSING money on the interest rate swap. So why not just trade the net portion and save that money?

So how are you doing? If you closed everything would you actually be up money, like in your example?

[mytwopips]

My mood right now.

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