GBP/JPY Equity Building Profitable trading strategies

[mytwopips]

Originally Posted by mytwopips

Who's the tards out there that won't take some profit and knock her down a bit.

I guess I am going to spend all week fishing or something. These tops are getting tempting.

Oh I guess all the greedy longs that are well into the money are crying the 213 bandwagon.

Well when the smart money starts cashing in, she is going to bump down a bit. Then the greedy will sell, sell, sell in fear of losing their profits. Then she will finally take a nose dive. She has been at 210 too long to surge past.

[mytwopips]

Triple top touch (almost four) of this area since the 9th.

It's time to do something. Get your finger out of your nose girl.

I'm going to wine and dine her butt to McDonalds all week if she keeps this attitude up.

[Andrewunknown]

Originally Posted by mytwopips

Who's the tards out there that won't take some profit and knock her down a bit.

I guess I am going to spend all week fishing or something. These tops are getting tempting.

I took profit, so I guess I'm exempted from tardhood. For once.

Seriously, lots of profit taking, but an equal amount of bullish sentiment - we're not the only one's who simultaneously see both a ceiling setting up a retracement and price ratcheting up to 210.67-82.

Go back to the descending triangle that formed just before the breakout from 202.60. Which way does a descending triangle typically break? And which way did that break occur. That's the bottom we bounced off of to get here. So, I count neither scenario out; we're consolidating here rather than soaring, so a move lower may not be necessary to fill in any flimsy up candles. My inclination is bullish here, but I'm keeping the bias reflected in my acct. flatlined until the market says otherwise.

[4xStar]

Jeb over at the G-Y technical analysis thread says she needs to break 211.27 to confirm bullish direction & negate the downside scenario. For me that means break it with passion and preferably retrace to test it from the upside .. then I would go long at this level.

But otherwise, I am going to be out fishing with Mike this week
Worst case I will learn by observing, but keep capital intact

In the demo acct I will continue to go long every weensy little dip.

She's tapping the 211.27 as I type.....

[4xStar]

Not fishing, pipping

[Andrewunknown]

Originally Posted by Andrewunknown

I'm watching for this triangle to break - .80+ probability to the north. Next stop would be mid-212s.

Deep-fried Guppy pips...mmm mmm delicious.

[rrram2]

She just keeps going up up up no mattter where I buy she runs me over.
She wont come down eough for me to get in deeper and keeps making new highs.

This is what I expected, but I should have had a boatload from down in the low 209's.

All my NJ's hit TP over night as well. SO aside from 2 new NJ's I bought in the 81.50's I am flat.

I have a couple service calls today and will be gone. I guess Ginger needs to start trading again.

[Andrewunknown]

Originally Posted by mytwopips

Oh I guess all the greedy longs that are well into the money are crying the 213 bandwagon.

Well when the smart money starts cashing in, she is going to bump down a bit. Then the greedy will sell, sell, sell in fear of losing their profits. Then she will finally take a nose dive. She has been at 210 too long to surge past.

This area (212.80-213.50) might be where we see some pullback - resistance here is going be formidable. But, if she swims through it like a hot swordfish through a puddle of butter (or something), there's not much between here and 216-217.

[rrram2]

Try and knock her down she will keep getting back up

In spite of what you or anyone thinks or believes she does HAVE a mind of her own! And her mind insists that she go up. I told you before she does NOT like to go down and can only be forced down temporairily.

Originally Posted by mytwopips

Oh I guess all the greedy longs that are well into the money are crying the 213 bandwagon.

Well when the smart money starts cashing in, she is going to bump down a bit. Then the greedy will sell, sell, sell in fear of losing their profits. Then she will finally take a nose dive. She has been at 210 too long to surge past.

[HAUGHT007]

Wow, didn't get a chance to look at her last night. Woke up this morning and after 2 days of her practically sitting still, she makes a big ole jump and I miss it!!! Good thing she's gonna keep going "UP UP UP"!