GBP/JPY Equity Building Profitable trading strategies

[Joey90210]

I am short too Todd, took already good profits on a short since 208, took half off moved SL to +150, this baby will tank more.

No longs for me

[rrram2]

wow thats a low GBP PMI number, time to get somem ore in the dip I guess.

[rrram2]

I had to check my eyes when I read that one. I was thinking am I stil dreaming?
Did Todd chnage over to the other side and trading shrots now?
No Way I thoght, better read that post.

Well I didnt get many in the night. I only have 2 in the 204's.

Originally Posted by Joey90210

I am short too Todd, took already good profits on a short since 208, took half off moved SL to +150, this baby will tank more.

No longs for me

[rrram2]

I have my eyes open now so she is coming up to make my day.

Nice 2am-3am EDY run Down too bad I couldn't load up at 204.00

[pipsquito]

Originally Posted by rrram2

I had to check my eyes when I read that one. I was thinking am I stil dreaming?
Did Todd chnage over to the other side and trading shrots now?
No Way I thoght, better read that post.

You are absolutely right, Elijah, no shorts for me! I have not gone over to the other side!!!

But I am getting seasick here with this baby...but she does move, doesn't she!!

I have a ton of longs on this one, waiting for the come back.

[rrram2]

I have been scalping and buying lower. I am trying to buy some at 204.99 .89 .79 and .39

I got some recently at 204.49 204.39 204.30 204.14

I added $260 to my account yesterday by visa to bring my total deposits to $900, to insure I didnt get run down too far while I was sleeping.

Am I right or what? I never understood why GJ almost always falls from 2am-5am EDT I guess during that time is the first 144 minutes of LOndon trading,
but I swear 80% plus of the time GJ runs down during those 3 hours every day.

I think she is rebounding back up.

UJ took a beating of course. GBP had bad news. GBP weakness is hurting us. As is USD weakness against the yen. But I expect the USD to rebel today and regain somelost ground overnight.

Again I want to thank Andrew and mytwo pips for contributing and we always need that opposing view and maybe I will learn to heed what they say more and master this buying of longs closer to the support level.

Andrew is prolly looking pretty good this morning. And GJ was tormenting in my sleep. She said I am falling and you are sleeping so hard you are unconcious. So I woke up at 428 in time for the 430am report, but didnt make much there, and instead got in deeper.

I think 205 is very much like a good baseliune and we should move up from here. We cannot fall any more today below the overnight lows I don't think.

Each trading location also has its own personality. Like LOndon Asia and US all trade a certain way it seems when they are trading.

Originally Posted by pipsquito

You are absolutely right, Elijah, no shorts for me! I have not gone over to the other side!!!

But I am getting seasick here with this baby...but she does move, doesn't she!!

I have a ton of longs on this one, waiting for the come back.

[Andrewunknown]

The short survived the night, but not much follow-through on that break to 204, as you know.

[rrram2]

up up up.

Been scalping all morning in range down to 205.00 Selling on the way up bagging pips.. I have 20 lots waiting for the ride up.

[rrram2]

Did I mention previously...up up up?!!

Anyways that was exciting I sold my swing trade of 5K lots for a meager 4 pips. MArgin useage is way down now at 5%. I will be scalping down all day and selling longs as she rises above 208.

[rrram2]

There is always a line drawn in the sand at 206.50. I expect resistance here and all sorts of folks trying to get short at 206.50 but there is huge upward pressure in case you didnt notice. SO we may blow thru 206.50 or we may need a crack or two at it before we blow through it.

Folks are lined up to get short at 206.50, seller beware, GJ is going to rock the world today.