GBP/JPY Equity Building Profitable trading strategies

But I think she is going to rocket back up again.
She often likes to take off like that without me and leave there with my jaw dropped open watching go saying “WOW”.

I better go rattle her cage, she is resting now or checking the financial news?

Momentum is quickly turning down though, could be a trap.

for that last hour or so from 2PM EDT - 3PM EDT, what a wild hour that was
Break that hour up into smaller TF’s 1 minutes is good or 2 or 3 min or at least 6 min.

I been watching it on the 5 min TF, then reffering to the 4 hr TF

But I think she is going to rocket back up again.
She often likes to take off like that without me and leave there with my jaw dropped open watching go saying “WOW”.

Hard to say, she might be done for now till the asian session. So were either going north to 192 or back down to 185.

I scalped her left and right from 2-3 up and down. I am back long only.

I had the feeling to go long around 185, but she moved so quick, and i hesitated. But like you said, cant worry about the pips i missed just focused onthe 1s i made.

And that was like scalping 200 pips in less than 5 mins.

scalped a long for 20 pips trying to get long lower. Yesterday was crazy at this time waiting for asia. There is going to be alot of whipsawwing going on with gj this week. She is like a yo-yo.

Today was at the Crimea, sailing the Black Sea. (mega-pips recovered all losses and more). However, that was with both longs and shorts. Ain’t going that way no more.

My read: monthly charts -still down, $ @ lower BB (read $ should go up)
STO xing down its signal ( " $ should go down)
60 sma up, but $ < than 60 ( COULD go up)
gap may be filled (198ish)
weekly- $< lower BB .STO (O/S) looks to x up signal
EMAs and TL down.

          daily- STO up
                   MacD @ signal looks ready to x up.

Because of $ at the bottom BB ( W and M), ALL the technical books tell you that $ will rise. I’m longing for 198.
BEWARE THE FUNDAMONALS! How many more Lemon Bear Stearn Fannie Freddies are looming?

[QUOTE=Cdawg;68469]I been watching it on the 5 min TF, then reffering to the 4 hr TF

Cdawg : hope this may help you.

I wish that I had the fortitude to trade on the 5 Minute ( I think the lady would kill me in less than 1 candle with my heart):slight_smile:

You might want to try this ON YOUR DEMO ACCOUNT. On the 5 min TF- put a 5 and 20 sma on your chart. When 5 Xs > than the 20= buy. SELL when 5 Xs <20. See if this gives some pips. Play with sma’s (3/20; 9/18, etc.)

Moving averages are lagging indicators, but on 5 mins are good for scalps if you are there to watch $ movement. Caution: may kill you at news time ( e.g. NFP)

A plenty is the answer. I can put a dime that at the least another sceleton is hanging out in the closet - and the door opens and it falls out and shoe drops down and another “high-flying” traders and analists are going to pack their belongings into paperboxes and call their poodles trainers off duty :D:D.
Maybe is the time for the other side of the paddle to come out :confused:
I’ve heard the rumors that tomorrow the fire brigades in London will be stretching elastic bands at the bottom of Canary Wharf towers to catch some of these “managers” jumping out of their office chairs.:smiley:
198.00 seems to be a little strech, but who knows…lets wait and see.

I am long again at 188.50. She is going to rocket back up.
I was hoping for a retrace down some so I can get long lower, but I didnt want to miss her run up today.

I too am thinking 198 is a bit too far too fast. I sclaped that 188.50 just now for 15 pips, will try to get some more lower if she comes back down into 188.50.

I should have held the long at 188.50 as she may not be coming back for me
as she seems to be heading steepy north ATM.

Still holding just one LL at 191.50 with TP target at 191.99
asking for another long at 188.50, 187.50, and 186.59.

She hasnt been below 187.50 since yesterday evening, so she may not get back there for a while. Nor does it look like she is coming back to get my long @ 188.50 but we will see there is lots of time to trade before NY comes in and causes her to shoot north.

TP target 188.00 SL @ 189.09
I expect her to run down some now.

I think she is going to head down from 189.00 instead of up at least for now
but when NY comes I don’t want to be short.

She is looking a bit heavy ATM and momentum is decreasing slightly.
Going short now may be a shot in the dark, but I will hold it a bit if I have to as she seems to be heading back down now, I got short a little too early should have got short at 189.00/05 as I would expect her to reverse at .00
like she frequently does

[B]“Good judgment comes from experience. Experience comes from bad judgment.”[/B]

Jim Horning

She got me for 42 pips heh. Now that my short is stopped out now she will turn south :slight_smile:

Or she can just keep going up and make my long better.

With a 30 pip SL. I just dont think she is ready to rocket yet.
If she rips me for another 30 pips I am going to give up on the shorts for now.

If you are still short, I think she is bottoming out now and wont make it to 188.00 at least not now, but hold those shorts if you must, I am only long again.

Often I am too impatient on shorts. But at least I didnt get stopped out on that last one. MORE coffee! BBL

too busy… tired to trade today…as my day is ending…good to see elijiah is always up to catch those early breakouts…Anyway for me no trades so i will be making…keeping my money …for once:D.
Spent the day at the zoo trying trying to setout the contours of the new seal pool…harder than it sounds that…prefer to have my eye on guppy…However like i’ve said before i need to keep working to support my guppy addicition:eek:

She seems to have a glass ceiling at 189.40, I am thinking short here and she is set to run down instead of up. But I dont have the nerve to go short into the NY open as I secretly expect her to rocket on up and crush some bears today.

So if you are very brave stay short with SL at 189.50/60, she is looking like she may make a run for the mexican border, But I think or hope it is a trick/trap.

So for now I am keeping what I have 2 longs and sitting on my hands.

[B]“Remember, today is the tomorrow you worried about yesterday.”[/B]

Dale Carnegie

I miss hearing from him and sincerely hope he and his family are OK and just camping in thier house without power at the worst.

She seems to be turning up here, hoping for at least 65 pips up into 188.00

[B]“You cannot teach a man anything; you can only help him find it within himself.”[/B]

Galileo Galilei

Have some faith in yourself, your reality is certainly different than mine.
I wise sweedish coding genius once told me…“sometimes you have to try stuff”. Many things we learn through trial and error. But sometimes it is best to avoid the error if we can and learn from someone elses experience. If we cannot, we tend to have a more lasting impression of our error.

She shot up 100 pips in 15 minutes or something?