GBP/JPY Equity Building Profitable trading strategies

[rrram2]

in the last several hours guppy has shot up 150 pips or so!

I am going away for a bit, keep the faith and know the secrets are contained within yourselves, don't let guppy get you down, In the long run I still say she has to go up even though for a short bit I thought she was heading to sub 100 and she still may, but for now she seems to be heading north for the spring!

[rrram2]

I had been loading up on silver.

But I want to say before I go.

NEVER do business with Littleton coin. DO NOT BUY SILVER AT littleton coin.
The provided me with PISS POOR SERVICE. JAcked me around on a silver return for almost 7 weeks!.

I ordered some American silver eagles, they charged me almost $20 for American silver dollar eagles on January 8th, when they could be had elsewhere for a mere $15.75. So littleton coin is overpriced and provided me with VERY poor service.

I returned the coins to them refused return to sender, didnt open them
like 10 American silver eagles! They said for 7 weeks they never got them back!

Littleton coin shipped my 2009 american silver eagles the cheapest way possible with no insurance! I will never buy another thing at littleton cooin as long as I live. Littleton coin is by far the worst place you could buy 2009 Silver dollar american eagles, they will over charge you! And if you return them they will provide you with poor service and jack you around and hold your money for 7 weeks on a return! Then they will have the nerve to charge you for shipping! Nothing like some chumps 3.95 for shipping,
while they provide poor service and hold you $200 for 7 weeks!

s silver continues to head up guppy should do the same. I am going down under for a bit and wont be online probably. Take care and keep the faith!

[moneydog]

I want to thank you, rrram2, for explaining this to me and also the hint on where to search. I did.. and you all should check out this website. According to the individual, doing CFD is considered illegal in the US. I have not verified this.. but none the less.. might be something to look into IF you are in the US that is.



ForexPerform » Contract for Difference Trading - CFD

MD

[mytwopips]

Old system... New pair.

I am going to start using this strat on the Kiwi. My broker is paying half a pip a day ( which is about the best carry you can find now), and my super duper analysis tells me the downside potential should be limited yet still risky considering not all doom and gloom has been let loose all the way.

After becoming a multi-billionaire using the M2P strat on u/j and scaling out until it becomes unbalanced again, I got to thinkin and me thinkin thinks this may be a good idea.

To be honest, I didn't become a multi-billionaire using the M2P on u/j, but I made a few bucks. So don't waste your money on a forbes mag. My overly handsome mug won't be found on the cover just yet.

[ForexPhantom]

What exactly is the system being used here?

Just curious as it's such a highly viewed thread.

I couldn't find anything specific on the beginning posts.

Thanks.

-ForexPhantom-

[mytwopips]

Originally Posted by ForexPhantom

What exactly is the system being used here?

Just curious as it's such a highly viewed thread.

I couldn't find anything specific on the beginning posts.

Thanks.

-ForexPhantom-

The first few posts contain everything you need to know. Everything else is just us fluffin and goofin off.

This is a very risky system that should never be your primary system. Use very little lots compared to your trading account.

The system in a nutshell is just buy gbp/jpy going down and let the interest on drawdown build your balance and cash out your positive trades and buy again on downturns.

Most if all brokers are not paying swap right now on gbp/jpy, so this system is not going to work on guppy right now.

Also note that guppy can move 2k, 4k, 6k, even 10k pips in less than a year if she feels like it. So small lot sizes is key. The one major failure this system can have is users not knowing how important it is to keep a maximum of no more than about 2:1 leverage total on all open orders. So if you plan to buy up to 10 orders. Figure out what the total of the ten will make your true leverage 2:1. Then you will know what I mean when I tell you small lots. Most figure up the lot size using the above formula and don't want to bother even trading such small lots. Then they start trading larger lots than they should and make this their primary and only system. Next thing that comes is a blown account.

The failure and risk is not this system but the greed and misunderstanding that traders have using this system.

I too even got greedy and bought big tops in a falling market with this system. I was a lucky one. I only gave back most of my profits for the year and still closed out the year with a little profit. Looking back, I am so glad it happened. It thought me a great lesson on what the market is capable of doing and how fundamentals will always turn a market, even if severly lagging. Many who came here were not so fortunate.

Elijah, the creator of this system, has even been bitten a few times by his own greed. Maybe he will come back around soon and help me trade the kiwi.

[ForexPhantom]

Greetings everyone,

This is really interesting stuff. So basically, since the guppy is a positive swap currency, you do the following:

BUY it when it's going DOWN (basically going AGAINST the trend).

Now, while it continues to plummet downward, you will be paid a swap several times a week, right?

This swap will basically be better than any savings account that you could ever imagine.

The beauty of the system is that when it finally goes positive, you cash out and wait for it to start falling again, right??

So basically you can never lose any money as long as you trade really small lots and do what I said above.

A couple of questions:

What are the other positive swap currencies?
If I was gonna invest with 500 bucks, I could safely trade .01 lots, right?
How much do you earn on the swap per month?
Do you guys use Daily charts or what to determine entry?
Why would someone want to place multiple orders?
Does it work when you SELL it going UP??

THANKS,

-ForexPhantom-

[mytwopips]

Originally Posted by ForexPhantom

What are the other positive swap currencies?

AUD/USD and NZD/USD are about the best things going right now. Guppy isn't paying swap with most brokers.

If I was gonna invest with 500 bucks, I could safely trade .01 lots, right?

That would be "pretty safe" if you kept your orders spaced out well and didn't get all open orders combined at more than 2:1 true leverage.


How much do you earn on the swap per month?

This always changes due to many variables that would take a whole other topic to discuss. NZD/USD is paying about 1/2 a pip a day right now.


Do you guys use Daily charts or what to determine entry?

Daily or 4h works best IMO.


Why would someone want to place multiple orders?

To cash out out on shorter fluctuations.


Does it work when you SELL it going UP??


The "averaging down" part will work but you will not build swap. You will pay to keep those positions open. Now we are getting close to how my primary system works which is similar to this one. More on that at another time.

blah blah here to get past the "message to short filter". Answers are in the quote box above.

[mytwopips]

I had a nice little profitable ride with the Kiwi as short as it lasted. There is not much point in using the pair for this strat anymore. New Zealand cut rates by 50 bp and were thought to make the cut as much as 75. I closed out all my Kiwi's in profit with some swap built last night. Today I got a message from my broker that they will only pay a tenth of a pip per day for holding. So not much of a point to play that pair anymore.

Fundamentals are looking to find a foot hold in their almost bottomless pit. Maybe an early but cautious side of a turnaround in the near to not so near future. Then maybe the carry swaps will start paying again on the jpy crosses. That will be nice because when it happens all the pairs will start trending bullish. I will patiently count the days until we can get some of them bullish cary trades back. Those are fun times.

I will continue to use my primary M2P 50/200 strat mostly on u/j and a few other pairs for now.

[rrram2]

oh well better to burn out than fade away. m2p always contributed valuable insights and was good to have around. Many things have changed but the concepts remain the same. Some things never change and the more things change the more they stay the same.