GBP/JPY Equity Building Profitable trading strategies

[grader]

All my lots closed with profit, I am just left with my loss leader at 213.29 . The boat just keeps getting full of pips and to use a quote Todd once used "there are so many pips and profit , it is almost obscene !!!!"

[HAUGHT007]

I have a question that I'm sure one of you can answer for me. In the last two candles on the 15 min chart there were some really big swings in range but it still came back to the original price. What would cause this? A news release I didn't know bout or some big bank putting in some big orders or something else entirely?

[rrram2]

I am very glad you were able to extract some precious consistant profitable trading methods from my madness of posts.

I hope you will refine this knowledge and test it and share it and use it to supply all the money you need so you can help yourself without worry and to put yourself in a position so you will be able to help another in need.

You have graduated grader.

If you sold your loss leader NOW for a loss would you still have a profit? LOL

Originally Posted by grader

All my lots closed with profit, I am just left with my loss leader at 213.29 . The boat just keeps getting full of pips and to use a quote Todd once used "there are so many pips and profit , it is almost obscene !!!!"

[rrram2]

I still dont know what the FOMC news was I didnt look but it is likely as I expected no rate change no effect really.

Buys and sellers put their orders in at their bid and ask pricess, surrounding a news event like this there is ALWAYS going to be BIG volumne of traders and trading.

A find a very large doji spike up or down indicates reversal UNLESS
you get the same doji in the same direction on subsequent candles,
especially several or dozens in a row.
these types of dojis indicate no reversal and huge pressure in the direction of the Doji.

The thing with big banks and big orders is that you cannot always get all your orders filled at the same price if you have a boatload. As you sell price tends to go down and as you buy price tends to go up (if you are a big boy
{BIG MONEY}).

Originally Posted by HAUGHT007

I have a question that I'm sure one of you can answer for me. In the last two candles on the 15 min chart there were some really big swings in range but it still came back to the original price. What would cause this? A news release I didn't know bout or some big bank putting in some big orders or something else entirely?

[rrram2]

But perhaps it would be smarter to get a loss leader lower or as low as you can get.

AND 213.29 is a pretty high loss leader I would say. HEck how did you get one that high? It must have been hard to pick the top and buy one there.
I have done it. And sat with a loss leader for MONTHS becuase after counting my THOUSANDS of pips I somehow didnt want to give back 200 pips
or anything as until my loss leader closed for a profit even if one pip it would stay open. But if I make 2900 pips and sqr up on a loss leader for 200 pips that is still 2700 pips, certaiinly nothing to sneeze at.

Each take according to his NEED NOT GREED.
Big boys need money too it wouldnt be fair to take all theirs. But normally they dont lose as they try best they can with huge amounts of money to manipulate price and eat stop loss orders of newbie traders.

Originally Posted by grader

All my lots closed with profit, I am just left with my loss leader at 213.29 . The boat just keeps getting full of pips and to use a quote Todd once used "there are so many pips and profit , it is almost obscene !!!!"

[grader]

Yes if I sold NOW the loss would be nothing in comparison to the profits!!!!. what you have taught me is invaluable and I am not sure how to thank you !!!!. I don;t think I could explain the system in full because a lot of it is "thinking outside the box". Ie if you stick to rules and MANAGE your margin and ONLY buy then it makes money !!!!(but logic and what some of us have learnt thru trial and error in trading , tells us that it just shouldn't work).I guess sometimes one just has to have faith and believe and you never know you may just make something of it. When I was on demo I know I tried a few sells and different ideas and nearly everytime I lost money, so I have been very strict with myself ( which is extremely difficult at times ) on this live account and the rewards are amazing. I think the only thing I do different is I always use a spreadsheet to calculate how low I can go. It has been said numerous times in this thread that those that follow the rules exactly ARE making money and they are amazed. I now understand so much more of what you have said previously as I often go back and read the thread and each time somewhere a penny drops and I understand the system more. Once again thanks grader

Originally Posted by rrram2

I am very glad you were able to extract some precious consistant profitable trading methods from my madness of posts.

I hope you will refine this knowledge and test it and share it and use it to supply all the money you need so you can help yourself without worry and to put yourself in a position so you will be able to help another in need.

You have graduated grader.

If you sold your loss leader NOW for a loss would you still have a profit? LOL

[grader]

I thought I should explain why my Loss Leader is so high maybe for the benefit of others. To be honest I have never really grasped where my loss leader should be so I just get in as high as I can and hang on to it (Maybe I am starting to think like you Rrram in that I don't want to give any pips away!!! And it is getting interest paid !!!)

My loss leader is very small (I have just calculated that if I hung on to only my loss leader I could go all the way down to 0.00 and beyond) and I also like having it there , maybe for peace of mind as there is always an order open and the first thing I look at when I open my account is to see how my LL is doing.

I hope this explains my thinking

Originally Posted by rrram2

But perhaps it would be smarter to get a loss leader lower or as low as you can get.

AND 213.29 is a pretty high loss leader I would say. HEck how did you get one that high? It must have been hard to pick the top and buy one there.
I have done it. And sat with a loss leader for MONTHS becuase after counting my THOUSANDS of pips I somehow didnt want to give back 200 pips
or anything as until my loss leader closed for a profit even if one pip it would stay open. But if I make 2900 pips and sqr up on a loss leader for 200 pips that is still 2700 pips, certaiinly nothing to sneeze at.

Each take according to his NEED NOT GREED.
Big boys need money too it wouldnt be fair to take all theirs. But normally they dont lose as they try best they can with huge amounts of money to manipulate price and eat stop loss orders of newbie traders.

[rrram2]

I used to think that way. That I always wanted to have an open order like that. SOmetimes I set my loss leader's TP for like 100 pips

But over time and in the forums folks have slowly convinced me that getting long lower is better. Maybe spacing them wider is better from a high loss leader. I guess it all relates to your margin management plan.

I am currently stuck in some KiwiYEN at about 4% of my margin. It is so boring and slow! True every 21 days I earn 100% interest and thats extremely high. But I got to get rid of these after collecting triple interest
so I can buy some GJ. What I need to do is forget about running my account on all profits and dump some money in and get back to trading GJ.
I have nothing to prove to anyone. Those who have followed me for a while understand more than they can explain and what they have learned is something no one can ever take away.

And Grader don't ever let them run you down, you know the truth and if you can go down to zero, I dont think it can ever go close to that
I guess you have it covered. I never used the spread sheet but after you have been run down and out you get a feel for how low you can go.
I probably play too conservatively. But as my p2p monies pile up
and my loan goes higher, my forex income doesn't need to be so much.
I do have them (my broker) mail me a check every week just for GP

And if I only reach one person, and the light goes on for them, then I have met my objective. As a result grader thinks differently. He makes money in forex, not because he trades what everybody "knows", but because
he has changed his thinking about trading forex specifically GJ.
So I was successful in "passing on how to do it" to someone else.

All I ask is that as a result, your whole outlook changes and you now will help others in need so your rewards will multiply, And one day, you'll look back and wonder why you didnt see it sooner.

It can be so simple and it can be so easy if you think and believe it is.
It will work in spite of the individual and what they think. It is initially based on what you do. And you did what you were supposed to do and are now elevated to the next level.
I got careless before, At first when I discovered this I too was shocked and in awe. And had so many thousands piling up I was almost reckless and got arrogant. Always remember Humilty, it is the #1 attribute to attain. You attain this and all else will quickly follow.

Originally Posted by grader

I thought I should explain why my Loss Leader is so high maybe for the benefit of others. To be honest I have never really grasped where my loss leader should be so I just get in as high as I can and hang on to it (Maybe I am starting to think like you Rrram in that I don't want to give any pips away!!! And it is getting interest paid !!!)

My loss leader is very small (I have just calculated that if I hung on to only my loss leader I could go all the way down to 0.00 and beyond) and I also like having it there , maybe for peace of mind as there is always an order open and the first thing I look at when I open my account is to see how my LL is doing.

I hope this explains my thinking

[rrram2]

Would be nice if we could break 213.30 so I can get a loss leader there and hold it into 214.50/60.

[rrram2]

as I expect we will dip to there before we head up to the big hurdle.