GBP/JPY Equity Building Profitable trading strategies

[4xStar]

She's working on taking out the 200 ema daily, there is a 200 ema weekly at 214.04 which is also the weekly R2, and the monthly R2 at 215.71 which is also the 50 ema weekly.
If she slices through all of them like a swordfish through butter (to use andrew's rather interesting metaphor) then she probably won't stop until about 3000 or so
BTD! (buy the dips)

[4xStar]

Looking at her price action so far today, you could put up a 5' candle chart and a keltner channel .. everytime price hits the lower channel line, buy some more

[HAUGHT007]

Pardon my ignorance.... what's a keltner channel?

[4xStar]

Originally Posted by HAUGHT007

Pardon my ignorance.... what's a keltner channel?

Check out Tymen's candlestick forum under Newbie Island for more detailed info on keltner channels, he uses them on the 5' very effectively. They are sort of like bollinger bands.

[HAUGHT007]

Oh sweet! 59 pages of candlesticks! I like threads with lots of information!! I always learn something even if I read through it 15 times! Thanks!

[4xStar]

Originally Posted by HAUGHT007

Oh sweet! 59 pages of candlesticks! I like threads with lots of information!! I always learn something even if I read through it 15 times! Thanks!

YW LOL .. yeah it is a lot to plough through but it is actually very informative and I find it is a perfect complement to trading our little guppy friend, especially on days like today

[HAUGHT007]

1 HR TF is lookin like it's gettin at the bottom based on stochs........time to start buyin?

[rrram2]

She will leave you in the motel room in Wyoming wondering how you are going to get home while wondering how could she just leave you behind like this just because you wouldn't get up.

She will be back down some but not much. I am expecting the up move to continue into 213, obviously 213.50 is going to be a big hurdle to jump and stay above, and once she breaks that pretty much like Andrew already said she may be off to the races looking for the 215's or 216's.

She keeps getting more and more expensive and she is getting to be such high maintenance compared to the cuter, slower moving, higher paying, less spending kinda gal, NJ.

I am buying into 209.29, but highly doubt that order will be getting filled any time soon. All my GJ's hit TP. And I expect to maybe get in lower at,
212.00.

Originally Posted by 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"!

[rrram2]

My uncle has his bollinger bandwidth reduced to one number for his spreadsheet, and uses it as a leading indicator to a price breakout.

Ketler channels are more effective in rangy markets, on a breakout downward,
it sorts of blows your channel out. The BB almost expands exponetially related to the strenth of the breakout.

Originally Posted by 4xStar

Check out Tymen's candlestick forum under Newbie Island for more detailed info on keltner channels, he uses them on the 5' very effectively. They are sort of like bollinger bands.

[rrram2]

Currently it is riding the bottom of the channel touching the line on every 5M bar and stoch. seems to be coming up and going into asia could bing some new players and movement.

Originally Posted by HAUGHT007

1 HR TF is lookin like it's gettin at the bottom based on stochs........time to start buyin?