GBP/JPY Equity Building Profitable trading strategies

[Sweet Pip]

Originally Posted by mytwopips

But I don't think a forum that has become more counter productive with the growth of ego than productive with the growth of learning and open minds is for me anymore.

My attitude may change in the future, but it is doubtful.

ps. I tried building your rep but some troll without the dignity to post a decent counter objective backed by facts keeps knocking it down.

Sad to see go

You do realize that the rep points isn't working properly so whatever value you've given it as far as representing anything, isn't real. It'll get fixed.

Ya there's been a lot of head butting going on lately...everybody's so sensitive

Egos will come & go on any forum, but like our own, we've got to get the better of them

Take care & good trades.

[Andrewunknown]

Originally Posted by mytwopips

I have asked the BP admin to delete my account and every post I have ever made.

But I don't think a forum that has become more counter productive with the growth of ego than productive with the growth of learning and open minds is for me anymore.

I don't know if the BP admin will go through with my request or not. If I ever get over the way I feel, I might be back to help contribute. If not, oh well, and my account might be gone. I could care less right now if I ever share anything with anybody again around here that could improve their life. I have lost all reason to why it is even worth it.

Don't leave - I understand your frustration with the recent tone of this thread and the forum overall because it has been characterized more by battling egos and elitism than promotion of learning among fellow students of the market. Testing ideas and delivering legitimate criticism is one thing, but tearing another down is never appropriate. Though this forum has been going through a rough patch, why have your account deleted? Take a break; come back later when the environment isn't so venomous; but realize your a valued member here, and it'd be a shame if you simply took off. Don't let pettiness, quarreling, arrogance and senseless insults prevail by disappearing. If you still want to delete your profile, that's an understandable decision; but it would be sad to see you go as Sweet Pip said.

[rrram2]

Hope you got some at 200.50's. I have only been bing every 100 pips down. I should have used .50 or .60 instead of like .00 or .10 as it seems I am always 50 pips out. it would be better to buy at .50 and sell at .00 for 50 pips.

[rrram2]

Certainly they mean nothing as I went from one blue one (new to baby pips forum) after I clearly had well over 1000 posts, then I go to instant many green then instant almost as many red, then a m2p post then I got back to green again.

THe boxes and colors mean nothing to me, other than I thought it odd to be so imfamous, which in reality should be bad, even though many others see all those red boxes and think that is "something" to be strived for.

And aside from a few sour posts here and there, I certainly have been more than kind to the likes of the rif raf ridiculing morons I have been up against at times (THIS REFERS TO NO ONE HERE WHO HAS POSTED ON A REGULAR BASIS).

Initially I didnt really care for m2p but as I got to know him I really enjoyed having him around, He was very kind and helpful to many people struggling with seemingly difficult concepts and was always a fun person to communicate with. The same goes for Andrew, initially I didnt care for him as he was always contradicting what I posted, But I again got to know andrew and began to adore him and think of him as an example of desirable attributes to possses. I saw traits in him I even envied, Excellent communication skills, Patience, helping and kindness expecially with new users.

I can tell you the admin will not and should not delete his posts, it is too time intensive and how can you delete his posts when they helped others so very much at times, not too mention all the times he was quoted, those will be tedious to delete. I think once you post something here it becomes the intellectual property of baby pips and what they do with it is their business.

m2p is not going to disappear, he said he will be lurking perhaps as a guest.
I don't know what or who stepped all over m2p, but I do respect his retraint.
It sounds like he is very upset, hurt and angry. HE could easily went off and polluted the air will all sorts of raving mad speech and he didnt, which leads me to garner even more respect for him ( I sure had no restraint when I was younger)

m2p has always been a valuable contributor to this thread from the start
and I am sure everyone here will miss his insightful posts. I know he will be around here, but I will miss his posts, I think he will come back around,
I am hoping so, in the mean time I will be here.

[timmonz]

Hey guys, another newbie to the thread. Been looking at this one for a while but only recently had the time and a decent internet connection to partake. Just wwondering if i can check with you all if ive got the system right in my head . So go long only on GBP/JPY, no stop loss limits and take profits at 20-30 pips. Also to keep used margin to about 3%? I had a go on demo and placed orders when it was around 204 and got a few trades in when it climbed to 205, but then got murdered on the way down to where it stands now. Would you just hold these positions till they got back to a profit position? Obviously still get the positive intrest on this one, but would you just hold out on placing new orders until the market hits bottom and starts to climb again? Sorry about asking all this, sure youve had to answer it a million times! Any help would be great
Cheers
Tim

[mytwopips]

Hey Thanks Guys (and Gals),
I am going to take Andrews advice and cool off for a while. I will be back later on.

By the way, it wasn't any attacks on me that got me so in a rage (attacks on me don't bother me that much). It was attacks on others. I guess that's the mother hen in me.... and I'm a dude.

I would never ask the BP admin to delete each post one by one. That would be absurd to ask. I asked them if it was a simple administrative query (push one button) to do so if they didn't mind. I do realize that any thing on here becomes their property. It was just a polite request, not a demand.

Anyways, after some cool off and a couple of days, I asked them not to. I'm getting wishy washy I guess... and once again, I'm a dude.

Take care. I will see all of you around at a later point.

[mykungfuisgood]

Originally Posted by mytwopips

Hey Thanks Guys (and Gals),
I am going to take Andrews advice and cool off for a while. I will be back later on.

By the way, it wasn't any attacks on me that got me so in a rage (attacks on me don't bother me that much). It was attacks on others. I guess that's the mother hen in me.... and I'm a dude.

I would never ask the BP admin to delete each post one by one. That would be absurd to ask. I asked them if it was a simple administrative query (push one button) to do so if they didn't mind. I do realize that any thing on here becomes their property. It was just a polite request, not a demand.

Anyways, after some cool off and a couple of days, I asked them not to. I'm getting wishy washy I guess... and once again, I'm a dude.

Take care. I will see all of you around at a later point.

I'm definitely a newb around here, but I'm be sad to see you go. I enjoy hearing yours, and all of the more experienced traders thoughts especially on the GBP/JPY.

Hope your trading goes well while you are away mate and hope we are the beneficiaries of your opinions at that 'later point.'

[rrram2]

I am sittingwith 4 long @ 204.04 203.04 202.21 and 201.11 (I had one at 203.0 something but scalped it out). I tried no o ge too any too high I am comforabel with the current position although I a using high marginas my account balance is sill small. o I hvebeen scalping a hedge down low below
my lowes long so if it goes south I lose 3pipper pip movemmen south bt alsofor every pip movement south I make a pip on my short. I have ben exiting my shorts (one lot hedge) too soon. I m only doingthis as I am using too much margin on my small account.

Originally Posted by timmonz

Hey guys, another newbie to the thread. Been looking at this one for a while but only recently had the time and a decent internet connection to partake. Just wwondering if i can check with you all if ive got the system right in my head . So go long only on GBP/JPY, no stop loss limits and take profits at 20-30 pips. Also to keep used margin to about 3%? I had a go on demo and placed orders when it was around 204 and got a few trades in when it climbed to 205, but then got murdered on the way down to where it stands now. Would you just hold these positions till they got back to a profit position? Obviously still get the positive intrest on this one, but would you just hold out on placing new orders until the market hits bottom and starts to climb again? Sorry about asking all this, sure youve had to answer it a million times! Any help would be great
Cheers Tim

I would hold them until they hit their TP target which should already be set.
I woud scalp with one long off the bottom if you have room. Calculate how much furter it can go down before you get sold out by dividing available margin by the price per pip you are playing.

[rrram2]

The batteres in my keyboard are going out sorry for the missing letters.
So far all is going well stuck in this current range. I will share more later when I get some new batteies

[rrram2]

It was triple interest and cost more than my 5 longs. So I gave back 22 pips of profit and am sitting with only basically one lot long at 204,3,2, and 1.
The shorts I have been using without Stop loss orders but I have been lucky.
You know as soon as I start going short she heads north right? When I am long and short at the same time from the same price she has a hard time getting me, but I am walking away now and sure dont want to wake up with my shorts over my head. Nor is it a good idea to go to bed with your shorts exposed especially if they are not tied down with some stop loss orders.
I thought about getting stuck with some shorts up high, and equated one bad short as a loss leader, So if I got out of all my longs with a profit I could sqr the short and still have a profit. But the negative interest will eat up like 18 pips a day I figure based on fxsol platform on a wednesday.