GBP/JPY Equity Building Profitable trading strategies

[mytwopips]

Well son of bi. uhm uhm gun.

So I bought another long and expected it to be 200 pips in the hole this morning. Well another 48 pips positive and closed.

She due for a nice drop guys. Be careful.

Right now there is egg in my face. I had to fight kicking and screaming to make my shorts go into profit, and one long that I expected to go under was in profit.

I am not going to pick up any more longs until she gives me some kind of drop. She is due.

[HAUGHT007]

I just was cruising through forums and came across JETBATFX's charts on the GBP/JPY..... I'm sure you've all seen it and hope it makes more sense to you.... looks like a paint store blew up to me! I've always heard "you can have too many indicators". For me, that meant my ADD would kick in if I had anymore than 4 things on the chart at once. He obviously knows his technical stuff... I'm more of a simpleton I guess.

[mytwopips]

Originally Posted by HAUGHT007

I just was cruising through forums and came across JETBATFX's charts on the GBP/JPY..... I'm sure you've all seen it and hope it makes more sense to you.... looks like a paint store blew up to me! I've always heard "you can have too many indicators". For me, that meant my ADD would kick in if I had anymore than 4 things on the chart at once. He obviously knows his technical stuff... I'm more of a simpleton I guess.

He does have very good technical analysis in his write ups, but... I can't read that spaghetti on the charts.

I keep a 50ema and 200ema. S/R and trend lines I don't chart because I can eyeball them pretty well. I used to have two indicators but I fired them after I weaned myself off of them.

So I am naked except my 2 ema's.

You save on your ac bill that way in the summer. Just turn on a fan and open the windows. The neighbors will get over it in time.

[4xStar]

Originally Posted by HAUGHT007

I just was cruising through forums and came across JETBATFX's charts on the GBP/JPY..... I'm sure you've all seen it and hope it makes more sense to you.... looks like a paint store blew up to me! I've always heard "you can have too many indicators". For me, that meant my ADD would kick in if I had anymore than 4 things on the chart at once. He obviously knows his technical stuff... I'm more of a simpleton I guess.

I've mentioned Jeb several times in here .. I check his charts daily. To me they look a bit like the electrical and sewer plans for the NY subway system.... but Elliott wave does have some validity so I check, more to see where he has his next targets. He has been bearish for 2 weeks now & obviously it ain't happenin' however I have noticed that his target points are hit more often than not (he has alternate ones for bullish & bearish scenarios). It takes a bit of time to figure out where they are
c? A? 2? LOL


PS. I'm flat going into the weekend, she SO needs a rest!! Nice pips this week once I stopped fighting her & just showed faith.

[HAUGHT007]

I have one lot left that is sitting one pip away from it's TP!! DOH! Pretty close to flat though. Question: In the weird case that Sunday open is ABOVE my TP...does it still sell it at my TP, sell at the open price, or does MT4 not recognize it till it hits my TP?

[HAUGHT007]

how many times do I have to post before I quit being a "newbie"?

[mytwopips]

Originally Posted by HAUGHT007

I have one lot left that is sitting one pip away from it's TP!! DOH! Pretty close to flat though. Question: In the weird case that Sunday open is ABOVE my TP...does it still sell it at my TP, sell at the open price, or does MT4 not recognize it till it hits my TP?

It supposed to be at best. So if it gaps up, your broker should close at the current offer in your favor.

Don't hold me to this.

[mytwopips]

Originally Posted by HAUGHT007

how many times do I have to post before I quit being a "newbie"?

eight more.

[mytwopips]

I'm working on 500.

[mytwopips]

There it is.