GBP/JPY Equity Building Profitable trading strategies

[Al Zheimer]

Is there anybody out there who knows of a website that has Commitment Of Traders (COT) charts/graphs that are current?
DailyFX had posts last month on these, but I can't find them.
I feel they might be a further piece of the "bottom" puzzle.

[trav72]

"The definition of insanity is doing the same thing over and over and expecting different results."
Albert Einstein

well well well...................i really need a perserverance quote if someone got one...i'm down....and kind of out.....i need up, but i keep getting smacked down....3 days of good hard work can get wiped out in 2 hours of insanity..
mmmmmmmm discipline.....it will be great to make it........

[Al Zheimer]

Yesterday, I said 169.70 was a target and she did that and then some.
Tonight, the 4H projects 165.50 and MacD is going south.

The monthly chart shows a possible $ projection to 155.50 and the indicators are heading down.

The weekly: $ is way below the lower BB ( so I'm watching for signs of possible retracement) However, STO heading down. Stock mkts all free-falling.

I am only shorting.

Still trying to locate a good COT provider that is reasonable. Gut feel that if you could see where the commercials are, might give a "heads up" that the carnage may soon end.

[Al Zheimer]

Today, she retraced to the 18 ema on the 4H. On the D. it was the 5 ema (176.36?). If she repeats, the 10 is 172.22 and the 18 is 174.40. These look like S.E.L orders.

[Pipcrawler]

try timingcharts.com as it has charts of currency futures and cot data...check it out...

[pakiestra]

Originally Posted by Al Zheimer

Trust yourself and the things that you feel are right- and you should be alright. Besides, if you do this- you know who to blame if things don't work out, the first time. So, you try again with a different tactic.

Most of the time I blame myself cause nobody and nothing can make a decisions for myself. The only thing is that myself (and probably rest of you as well) are all dependant on bigger guys ths is a common sense knowledge. The fact the big guys screwed up financial systems because of their uncontrolled greed doesn't change the fact of uncontrolled flow, whip-sawing in markets, credit freeze -all these make everyday trading impossible if not deadly risky at the best, so I don't complain as I'm sitting on the hands now.
Was just jolling up with this bank ques

I don't know where is the bottom and nobody knows. For now I sense some reversal and retracement, in Guppie girl 175.00 wouldn't be a high call, then maybe another wave of a market spasm. Things won't get better unless lending rates will start to go down.
However I can see first silver lining in bond markets. Long term yields are going down -and the demand for them is decreasing from extremes. That could mean credit conditions maybe turning up for a while this should also send the Greenback lower (will take some USD shorts on Monday).
I agree 175 could be a sell order, but equally I wouldn't be suprised with some trap and rapid retracements above it. See what happens on Monday opening.
GBP has broken multi-year up channel support line, so it should be tested to stay as a resistance. See attachment.
guppie.jpg
Any other calls ?

[Al Zheimer]

Originally Posted by Pipcrawler

try timingcharts.com as it has charts of currency futures and cot data...check it out...

MegaThanks P.C.: Just had a quick peek at the site and it appears to be a substantial aid to the T an A arsenal.

Mayhaps, some useful info might arise to assist others to get some profit into their trading.

BTW, always read the blogs to get insights. Thank you and the others for your time and effort.

[Al Zheimer]

Originally Posted by Al Zheimer

trades ( using minilots only)
Shall let you know my profit/loss next Friday.

This week: 15 trades ( only G/Y ) 1 minilot ( except for 3 when I was at the computer and splurged to 2 minis).

At today's close : $1337.30 to my account this week - with 1 trade still open (1 mini) with a 283 pip drawdown. According to my T an A it will profit soon.

14 wins. 1 still undecided. ALL trades were in one direction (short). I had been doing the " hedging -thing " you know, going both ways, and it was too scary for me ( look up "chickens**t" in the dictionary and that is my picture).

I decided that becoming a salmon in spawning time- (i.e. going against an extremely strong current)- was not for me (I read that the death rate of rate of a spawning salmon is,like, 100%). I ain't the biggest pumpkin in the patch, but I figger that ain't the best odds. So. I chose to selling.

( to PIPCRAWLER: I shall hopefully, close my last trade at a loss, cuz the forum rules state that nobody can post with a 100% win ratio

[Al Zheimer]

Originally Posted by pakiestra

Most of the time I blame myself cause nobody and nothing can make a decisions for myself. The only thing is that myself (and probably rest of you as well) are all dependant on bigger guys ths is a common sense knowledge. The fact the big guys screwed up financial systems because of their uncontrolled greed doesn't change the fact of uncontrolled flow, whip-sawing in markets, credit freeze -all these make everyday trading impossible if not deadly risky at the best, so I don't complain as I'm sitting on the hands now.
Was just jolling up with this bank ques

I don't know where is the bottom and nobody knows. For now I sense some reversal and retracement, in Guppie girl 175.00 wouldn't be a high call, then maybe another wave of a market spasm. Things won't get better unless lending rates will start to go down.
However I can see first silver lining in bond markets. Long term yields are going down -and the demand for them is decreasing from extremes. That could mean credit conditions maybe turning up for a while this should also send the Greenback lower (will take some USD shorts on Monday).
I agree 175 could be a sell order, but equally I wouldn't be suprised with some trap and rapid retracements above it. See what happens on Monday opening.
GBP has broken multi-year up channel support line, so it should be tested to stay as a resistance. See attachment.
Attachment 5370
Any other calls ?

Pakiestra: thanks for your info. I sense ( as you do ) a reversal and retrace-
ment.The problem is WHEN. Pipcrawler gave us a helpful link that I shall be studying this weekend. If 175 is broken. then I might be a buyer.Thanks for your input to me.Hope our info exchange will assist our accounts.
My major thought: the trend is down.

[rrram2]

So the Yen has been kicking arse!

AND FAT GAP UP! GJ NOW I show a close of 171.56 friday
so far today we are up to 171.96 on the ask. A nice 40 pips.

But it looks like as time goes before we open I think the gap up will grow fatter.

I am so long you dont even know! I am burried in drawdown on the demo account. I have banked about 100K in 2 weeks using standard lots and my drawdown is over 500K and I am killing them in swap. And I bet guppy eventually has to come back up.

And I should have bet the farm back at 197.00 eh? When I was saying short!
the if then then never panned out did it?

Originally Posted by pakiestra

Coordinated rate cut - looks like these dudes are in a despair. I don't know maybe I should go and check if the there a que winding outside the bank's gate.