GBP/JPY Equity Building Profitable trading strategies

[rrram2]

"Opportunity is missed by most people because it is dressed in overalls and looks like work."

Thomas Edison

[rrram2]

This isn't moving us much as it is above 50 which isn't so bad

[rrram2]

The bottom is looking like it is pretty much here I have a service call.
This would be a good place to get some GJ longs

[4xStar]

"It is our choices . . . that show what we truly are, far more than our abilities."
J.K. Rowling

[Wyatt]

Just wanted to say that I have been reading alot of threads over the last several months and just started demo trading about 2 weeks ago. I have found this method to be the easiest and requires the least amount of time. I have only been able to trade during the day and use TP's to lock in gains. I am not using any stop losses. To date in my FXSOL demo I have made about 1600 in the last two weeks. My only concern with going live with this is that it seems too easy. I am going to continue to demo this for a couple of months, but I will have to find a new demo account as FXSOL only gives you 30 days. Hope to have more input in the weeks, months to follow.
Go Guppy Go.

[4xStar]

Originally Posted by Wyatt

To date in my FXSOL demo I have made about 1600 in the last two weeks. My only concern with going live with this is that it seems too easy.

I know .. everyone except rrram is having a problem getting their mindset around that ... it just seems so ... easy

[HAUGHT007]

Originally Posted by 4xStar

I know .. everyone except rrram is having a problem getting their mindset around that ... it just seems so ... easy

my concern is that right now, on the monthly TF it's in an uptrend so it's pretty easy to always be right if you have a lil patience. I'm sure it will still work if it reverses in a downtrend as long as you don't catch your loss leader too high. It may just have to be played a little bit different rather than just buy randomly and wait if it drops. Such as gettin a loss leader at 251 as you could have a few months ago. I may have missed something that said you shouldn't just buy randomly but i don't think it's really been spelled out exactly where and when to buy. Now i know RRRAM says "collect interest for years and years", but i don't want that much margin tied up for years and years if i get a loss leader too high. Love the system but I think I may have to do some tweaking on WHEN to buy. Maybe incorporate Netwise's OZ system or something else. Just something to think about from my end. Get what ya can when ya can! (Please don't be offended RRRAM)

[mytwopips]

Originally Posted by HAUGHT007

my concern is that right now, on the monthly TF it's in an uptrend so it's pretty easy to always be right if you have a lil patience. I'm sure it will still work if it reverses in a downtrend as long as you don't catch your loss leader too high. It may just have to be played a little bit different rather than just buy randomly and wait if it drops. Such as gettin a loss leader at 251 as you could have a few months ago. I may have missed something that said you shouldn't just buy randomly but i don't think it's really been spelled out exactly where and when to buy. Now i know RRRAM says "collect interest for years and years", but i don't want that much margin tied up for years and years if i get a loss leader too high. Love the system but I think I may have to do some tweaking on WHEN to buy. Maybe incorporate Netwise's OZ system or something else. Just something to think about from my end. Get what ya can when ya can! (Please don't be offended RRRAM)

You can trade it the way I do. It still involves risk, just maybe a tiny little bit less.

Plot a 50 and 200 ema on a 15m chart. Scroll all the way out as much as MT4 will let you. (This will let you see the big picture and the 50 and 200 will always stay visible)

Start the buying when price is below 50 and 50 is below 200.

Sell all when price is back above 200.

[4xStar]

Originally Posted by mytwopips

You can trade it the way I do. It still involves risk, just maybe a tiny little bit less.

Plot a 50 and 200 ema on a 15m chart. Scroll all the way out as much as MT4 will let you. (This will let you see the big picture and the 50 and 200 will always stay visible)

Start the buying when price is below 50 and 50 is below 200.

Sell all when price is back above 200.

The problem with that is that you would miss a lot of runs .. like the one that may be coming soon to 214, 216 or even 217. I agree there should be a way to determine when to start the buying process .. and in the case of that run up to 251, obviously you would wait for retracements and buy the bounces back up, just going for small pips as it was obvious it was ready to retrace majorly.

I have hopes that the IKH (ichimoko) may provide some clues to how to buy (or when to let go) but that is also a longer term view, and we need something that can guide us on shorter term charts. And I agree I do not want to tie up money in a multi-month hold of TMTH's even if interest is coming in.

Now having said that, in my real account I keep experimenting .. and it is not going up even a quarter as fast as my demo account where I strictly follow rrram's rules: buy buy buy on every dip

There may be deeper magic at work here than we are yet ready to admit

[4xStar]

(further to below): I'm thinking maybe an in-depth analysis of the charts from the high of 251 last July to the March lows .. might be what is needed to figure out how it could have been played, because within that 6000+ pip retracement there were plenty of bounces where money could have been made.
Maybe if everyone applies their favorite indicators to various timeframe charts of G-Y from July -7 to March 08, we might come up with something that will be useful in the future.

For instance, when trading stocks, I noticed that many stocks seemed to have what I called a PMA or "personal" moving average. A stock might reverse seemingly in mid-air, far from any indicator but when you found its PMA .. which could be a number like 93 or 137 .. otherwise meaningless .. you saw that it moved along that MA almost perfectly, ignoring the more common ones like 50, 89, 100, 200 etc.

I don't think guppy has a PMA (I've experimented a bit) but she may have a combo of 'personal favorite' indicators that we have yet to discover .. and when we do, maybe we will better be able to predict her next moves. Just a thought