GBP/JPY Equity Building Profitable trading strategies

[rrram2]

"We are what we think"
Buddha

Sorry I couldn't resist. I appreciate the quotes they have at the bottom of the threads.

[rrram2]

This is not saying: We are what we think WE ARE

but literally WE are what WE THINK

So understand then why I say at times monitor your thoughts.

Originally Posted by rrram2

"We are what we think"
Buddha

Sorry I couldn't resist. I appreciate the quotes they have at the bottom of the threads.

[rrram2]

If this steady move up in low volumne continues into Asia I bet they jump in long and we get another leg back up.

[rrram2]

I may be buying some long down there.

[mytwopips]

G/J is at a level that I am comfortable to start my buying. I am in with you guys. I already got one +swap and sold at a profit. I would have held it longer but I can't say no to selling at a nice plus. So I waited for the fall and bought another.

[rrram2]

I have been steady scalping one all afternoon. And this level does seem pretty bottom like. I have them all the way up from here to 208.59 and am certain we will get back there. In the mean time I will be selling some early and buying back at the same or lower. Some I will hold but naturally I dont hold them long even if I can only get a 10 pip or less profit. It has been a good month so far even if I am sitting with a bit of drawdown ready for the ride back up.

I wish I had the patience like you to patiently wait for it to come down to a more profitable buying level. I wish I had the patience to sit on my long orders that are going north instead of selling them for a quick profit.

Maybe when I grow up I will be a swing trader instead of a lowly scalper.
But until then I am still in diaper training.

Originally Posted by mytwopips

G/J is at a level that I am comfortable to start my buying. I am in with you guys. I already got one +swap and sold at a profit. I would have held it longer but I can't say no to selling at a nice plus. So I waited for the fall and bought another.

[mytwopips]

Funny

This is the only strategy of a few that I may consider myself "swing". I mostly like to scalp intraday too.

[Andrewunknown]

Back down to the ~204.80-205.20 region where there's some good support stacked up. In fact, there's a fib retracement line at exactly 205. My stop is hemmed in fairly tight and I've taken off 3/4 of my position, but we're back to a range-bound impasse at a breakpoint level. Not a whole lot between here and 202.60 - except a stop over around 204.40 - if a breach here holds.

Here's a question, Elijah: I know interest is an important component, but do only scalp long on small throwbacks as price generally trends downward, or do you scalp in and out with the trend until momentum begins to level off and then set up longs? I think I know and could cobble together an answer from the thread, but wanted to hear your take.

[rrram2]

Too bad I cant really safely risk any more of my margin and buy MORE than 1 here. I have 4 lots in the 205's and now a 204.99.

[mytwopips]

I have two orders now spaced 50 pips apart. I will buy with every 50 pip fall. I am pretty safe with margin at 27,840.80%. I will take profit (or loss) on all orders when price moves well above the 200 ema on 15m.