GBP/JPY: Winning Strategies

[TheRumpledOne]

Daily downside projections.

Look to the left and you'll see we are in previous downside projection territory.

[cadarkitek]

Originally Posted by 4xStar

cadarkitek, so as a trend trader what do you do now with the guppy? If she continues downward, you carry on as before .. but if she reverses here, then you just wait until ...

she is back in an established uptrend?
or
she has clearly stopped the downtrend, is moving up, but not yet in an established uptrend? Do you take small positions, pips along the way, or just find another pair that meets your larger criteria?

And what for you defines the up or downtrend in the bigger picture?

What do I do now? Stay short, adding lots on each retrace with a reversal formation until it reaches 178 or close.
I wont go long until my inner TL is broken and it retrace test that inner TL and creates a higher high(that will confirm a reversal in my book) on the 4H. Also if the market reaches my outer TL and creates a valid reversal I will be be short again until it breaks the outer TL. I hope you follow.
This can take days/weeks to form on the 4H so until then I will be riding the trend on some other pair. I trade 22 pairs so another chart should be lighting up within that span.

[cadarkitek]

I think you are being way too stubborn now TRO, whats hard in posting thumbnails? You must be doing this on purpose because i'm sure you can read.

[TheRumpledOne]

Originally Posted by Andrewunknown

How about that truce?

We all seemed to agree a couple pages ago, and somehow got away from it. If we all share the motive of helping others: great. If there are ulterior motives for what we post: God knows. Let's assume the best of one another because the goal, again, is to discuss strategies: no referral/affiliate links, no solicitations, no duplicity: just comments on the pairs regarding what we see or how we trade them. In an environment of posts like that, any attempt by a contributor to divert attention elsewhere will be blatantly out-of-place and can be addressed openly for what it is.

When/if that post comes, it can be dealt with swiftly and resolutely. But for now, back to the pairs. TRO seems amenable to posting charts with dimensions that don't break the thread framing, so that problem is now a non-problem.

So people just want to make things a problem.

[TheRumpledOne]

If the inside bar holds, we may see upside to resistance which would be PREVIOUS SUPPORT.

[Andrewunknown]

Originally Posted by TheRumpledOne

So people just want to make things a problem.

I appreciate charts that are large enough to be clear, unpixellated and require no eye strain to decipher what is going on in them. Yours fit the bill, so thank you for that, TRO. Attaching them as thumbnails, though, as others have requested is preferable to embedding them in the post because the dimensions of the charts do make them disruptive.

I think we're good here. We'll all try to treat one another with respect and not let pettiness cause us to quibble over nonsense or non-essentials when we could focus on trading instead.

I've been trading one instrument or another for quite a few years now, but I'm eager to learn where there is valuable information on offer, and I think everyone has something to contribute for others to take away. Anyone who trades on their own knows camaraderie and interaction with other traders is very important: to keep from climbing the walls, but also because iron sharpens iron.

[TheRumpledOne]

Originally Posted by Andrewunknown

I appreciate charts that are large enough to be clear, unpixellated and require no eye strain to decipher what is going on in them. Yours fit the bill, so thank you for that, TRO. Attaching them as thumbnails, though, as others have requested is preferable to embedding them in the post because the dimensions of the charts do make them disruptive.

I think we're good here. We'll all try to treat one another with respect and not let pettiness cause us to quibble over nonsense or non-essentials when we could focus on trading instead.

I've been trading one instrument or another for quite a few years now, but I'm eager to learn where there is valuable information on offer, and I think everyone has something to contribute for others to take away. Anyone who trades on their own knows camaraderie and interaction with other traders is very important: to keep from climbing the walls, but also because iron sharpens iron.

Ok, Andrew, "When in Rome..."

This is all very instructive. The INTERNET is the INFORMATION HIGHWAY. Supposedly, for the FREE EXCHANGE OF INFORMATION around the world. We all know that CHINA restricts access to information and we wag our fingers at them yet at the same time people here want to restrict information in "their" threads and "forums". HYPOCRISY!!

"CONFORM OR BE BANISHED" that's how CULTS do it.

What have I stumbled upon here?

[4xStar]

Wow, she is acting so weak here .. I still think there will be one more attempt to rally above 200.25 which has lasted all morning. Yest low was 200.45, if she makes it that far, I will get short, one position only & see what happens tonight and tomorrow...

[TheRumpledOne]

I see a double bottom on H1.

!!nla_1.jpg

[4xStar]

OK, she made it to yest low ... I'm taking one small short here, probably early. Next stop 201+ and I don't see her getting there with this weakness, but I've been wrong before