GBP/JPY Equity Building Profitable trading strategies

[rrram2]

A little retrace coming now but 209.50 is wishful thinking.
I doub it gets anywhere near there. If you arent already on the bus, you missed it.

[mytwopips]

Originally Posted by rrram2

A little retrace coming now but 209.50 is wishful thinking.
I doub it gets anywhere near there. If you arent already on the bus, you missed it.

I don't know if we will get another retrace either. That is why I already picked up my leader.

I am on the bus.

[rrram2]

got one at 210.20, I havent had this much excitment in a while!

[rrram2]

now 209.70 then she can go shopping in toronto

[4xStar]

Originally Posted by rrram2

I think you are missing the concept here. Without faith you could not sit in that chair and have it support you.

Drawndown is like money in the bank. IF you can foreclose my rental houses you got me, if the people dont pay the rent and I have to pay the mortage myself, I will, you dont got me. So be assured, as sure as she rose up from 209 to 210.20's she will rise back to 211.50's then 212.15/20 212.50

Mark my words, the sun may go down but it always comes back up the next day. And when the sun is blocked by overcast clouds do not think for a minute that the sun is NOT there

Yeah but I have to keep my camel tied since I only have one little camel (account) and no way of replacing it if it blows
Between long and short I managed to stay at b/e maybe made a few pips.
In the meantime, in demo account where I have tons of cash, I just kept buying every dip, selling every move up, even 8 pips... cashed out another $25k in that account. I never short there, just follow the rules. When my real account is big enough (in proportion it would have to be $5k trading micros to match the $500k trading full lots in the demo account) then maybe I can trade that way without fear of messing up and being knocked out of the game.

I have failth but have been knocked down enough in life that I just have to stay practical as well At least until account is built to a better level.
Soon

[rrram2]

Here I am at 209.70 come get me!!!

[rrram2]

I guess that depends, but no sense playing if you cant get all the way in.
I put in another $100 and am playing both NJ and GJ.

NJ does nothing I just hold my 20 1K lots.
GJ though wow I made some pips today. Yes I have drawdown of 900 or so pips, but at this rate my drawndown will be banked pips before the month is over even if it goes sideways from here.

Yes I hit 13% once today with 9 1k GJ and 20 1kNJ
when we were down at 209.00ish. The GJ really is king.

Originally Posted by 4xStar

Yeah but I have to keep my camel tied since I only have one little camel (account) and no way of replacing it if it blows
Between long and short I managed to stay at b/e maybe made a few pips.
In the meantime, in demo account where I have tons of cash, I just kept buying every dip, selling every move up, even 8 pips... cashed out another $25k in that account. I never short there, just follow the rules. When my real account is big enough (in proportion it would have to be $5k trading micros to match the $500k trading full lots in the demo account) then maybe I can trade that way without fear of messing up and being knocked out of the game.

I have failth but have been knocked down enough in life that I just have to stay practical as well At least until account is built to a better level.
Soon

[HAUGHT007]

I'm still following every reply on this thread.... I haven't had the heart to comment too much cause I've been held out from buying anything since the end of last month due to margin.... I'm still waiting for it to get back to 213 so I can sell mine to be able to buy more. I always heard "stick to the rules of your system" so I'm testing that till I'm blue in the face by not buying more and scalping. Interest is piling up but it's not near caught up with how much she's moved down. Just keep holding? Or hedge like 4xstar and short as well?

[4xStar]

Originally Posted by rrram2

I guess that depends, but no sense playing if you cant get all the way in.
I put in another $100 and am playing both NJ and GJ.

$5k for a micro acct not enough even at 400:1? Ok that explains a lot of things .. now I see why you can do what you do... the same reason I can do it in my demo account.

Well if I stop making stupid mistakes I may have $5k by Christmas .. we shall see In the meantime I will have to do a 'modified guppy' strategy & probably best not to trade her at all while she is bouncing in this TR ... it is magnificent for scalping but ya gotta have the reserves.
I'm having pretty good luck with the G-C, especially going short .. and once I get the hang of M2P's strategy, that should help build the pip pipeline.

Haught007, just saw your post via email: maybe short the G-C, that's what I am doing & getting pretty good results .. check out M2P's thread for a terrific chart setup to identify these shorts & longs.

[rrram2]

But if you are tied up at 213 how coudl that be?
Your Loos leader should have been at one price even 213 and the rest should be spaced going down generously especially at the top.

This is why demo first is critical. With a good run down like we had today
you can make a fortune. I never had more than 10 GJ 1klots spread from
211.75 down to 209.10 I didnt get one below that as I ran out of orders and my next one down after that may have been like 208.60/70ish.

You shouldnt have a few large orders up around 213 or you missed the whole idea to this.

Go back and read andrews summary it pretty much sums it up, then if you are unlcear ask questions we are here.

I have maybe 1000 pips in GJ drawdown, but this is like money in the bank.
She is obligated to come back up to 213 and complete the cycle.

The market runs in cycles despite what anyone cares to admit or define exactly how. In any even it for me is indisputable that the market runs in cycles...everything does..the Sun...the moon...the stars...the plants...the animals..the humans...everything. GJ will come back up and she is going to come back up so fast it will surely spin some heads.

In any event you should NOT have blown all your margin on the first firgure (100 pips). Multiple positions are a key but they must be spaced out wider if you have very limited margin. Maybe you are playing with too big lot sizes.

with a 5K account at 400:1 I would use 5K lots NOT 10K and would be careful to closely watch my margin useage.