GBP/JPY Equity Building Profitable trading strategies

[Andrewunknown]

Originally Posted by rrram2

Ketler channels

"Keltner", not "Ketler" - not trying to major on the minors, but just so you know.

[rrram2]

I expect housing starts to be up and PPI is likely to be up.

In any event, I have calls today. I am buying another into 211.59, 210.65

I cannot get in deeper than this, given the expected pullback I had in mind down into 210.60's. We sure didnt get there overnight and I don't expect to go down anymore, it looks like we are already on the rebound back up.

I was contemplating buying another long at 211.85, glad I didnt.

She is crashing now so I got one at 211.59, next stop 210.65.

Coffee is up BBIAB.

[rrram2]

Good thing I dont have to type the speeling in correctly to get it to come up on my Esignal advanced gert charts

Typing and splling is not my long suit.

Sometimes it is a matter of lazyness.

What at core with me IS communication skills NOT spelling, punctuation and grammer. I do make an effort. But I am on a lap top with a small keybaord and I have big hands and fingers.

And sometimes I am even (or usually) I am a huntin' pecker, which means,
I normally only type with a few fingers on each hand.

But you know what....I also ONLY trade with a few fingers.

GJ is currently in nightmare mode. The bottom is falling out.
next stop 210.65 for me to get more long.

I am only sitting with 2 ATM, and almost wishing I hadn't got those up there,
as NJ made me a boatload of pips overnight.

Originally Posted by Andrewunknown

"Keltner", not "Ketler" - not trying to major on the minors, but just so you know.

[rrram2]

Sorry I dont have alot of time thismorning for spelling and grammer or
ANALYSIS in depth and detail. BAck to that dollar a minute stuff.

But I suspect the Yen to continue to slide and GJ and NJ and most XXX'j's to go up.

Pound weakness is also consuming us. We have not hit the bottom yet.
But when we do I expect a sever richochet back up.

In any event, I have some lots that will pay DAILY interest to infinity and beyond.

It just so happens that GBP weakness is smoking JPY weakness ATM.
We are set to turn around here real quick, hopefully after my order gets filled at 210.65!

[Andrewunknown]

Not sure what your data feed gave you, but from here it looks like price just missed your bottom (former resistance) at 210.65. We have fib fan and fibret support coming at around 210.70, maintaining the uptrend intact from June 10 that is climbing the top speed line off of the fib fan from 200-209 (in red on attached chart). Chikou Span from Ichimoku shows there's more support in this region at 210.30-210.60, and then the dense congestion area that extends down to 209.67.

I was torn between yesterday's action forming a falling wedge or descending triangle and knew it would break overnight so I decided to stay out (stopped out early yesterday on my former long back in the lower 212s), but I'm long again from 210.80.

[HAUGHT007]

Originally Posted by 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.

I've never been to Wyoming.......I hear it's nice there....

[rrram2]

So I bought there and cancelled the 210.65 order.

I think she is returning back up, and with that I'll be out the door.

GU would be a strong buy at trhese levels.

I almost bought some GU, but I don't play that pair anymore it is too expensive .

But I dont think we broke down far enough for the bottom to literally fall out.

Too much lower and the whole GBP could have sunk to hell.

Originally Posted by Andrewunknown

Not sure what your data feed gave you, but from here it looks like price just missed your bottom (former resistance) at 210.65. We have fib fan and fibret support coming at around 210.70, maintaining the uptrend intact from June 10 that is climbing the top speed line off of the fib fan from 200-209 (in red on attached chart). Chikou Span from Ichimoku shows there's more support in this region at 210.30-210.60, and then the dense congestion area that extends down to 209.67.

I was torn between yesterday's action forming a falling wedge or descending triangle and knew it would break overnight so I decided to stay out (stopped out early yesterday on my former long back in the lower 212s), but I'm long again from 210.80.

[4xStar]

...or at least put your fingers in your ears and go "lalalalalala" while reading it.

(I shorted the guppy last night )

I could not resist .. and she falls so quickly...

But I am long again now from 210.80-ish and I will go to confession this week, I promise....

But she does fall fast....

I also shorted the GBP/CHF and may plan to hold that one a bit as the swissy has been very strong compared to the cable.

I will look into trading the NZ-Y as an alternative if it really goes opposite to the G-Y

I've been using Jeb's charts for some guidance and they are not bad at all.

[HAUGHT007]

The 1 hr chart shows to be losing momentum at the 38.2 fib line of the last drop. The 4 hr has a little bit more room to go on stochs to be oversold. The daily chart is showing strongly overbought with room down to mid 209's to hit the first trendline resistance. I'm gonna hold out a bit and space my orders 50 pips apart starting at 211 and going down to 209.50. Hopefully we won't get down that far before she starts her mad dash higher!

[rrram2]

Further research indicates that GJ and NJ go the same way
as clearly evidenced by their corresponding lows on 3/17.

I can tell you she FREE falls with no parachute, she is psycho!
Or is it me the psycho for jumping with her?

Originally Posted by 4xStar

...or at least put your fingers in your ears and go "lalalalalala" while reading it.

(I shorted the guppy last night )

I could not resist .. and she falls so quickly...

But I am long again now from 210.80-ish and I will go to confession this week, I promise....

But she does fall fast....

I also shorted the GBP/CHF and may plan to hold that one a bit as the swissy has been very strong compared to the cable.

I will look into trading the NZ-Y as an alternative if it really goes opposite to the G-Y

I've been using Jeb's charts for some guidance and they are not bad at all.