GBP/JPY Equity Building Profitable trading strategies

But will hold my drawdown longs still.

Or is she getting ready to blow this pop stand?

Here is something thats been working for me over the last couple of days, Short above 189(though if i am watching I will adjust this depending how fast shes rising), buy below 187(adjust as needed), In Between 187 & 189 I just watch and wait. As soon as either buy or sell limit gets set and moves 50 pips away(use your disgression here), reset the order.

Though I have decreased my lots size by half in order to allow a bigger swing.

TPs for 200 pips and I use a TS of 65(still trying to figure the right value for a TS, been playing with 50 upto to 100). 516 pips over the last 2 days and no losing trades as yet;)

oh my 189 just got hit

Sure looks like she needs to retrace down now.

Hi Elijah, i haf short 1 mini lot at 190. what u waiting forā€¦ hahaha

Oh she looks to want to keep heading up?

A retrace be good about now;) -196 pips atm

As she has been killing me on shorts all day!

oh shes gonna break south eventually, just how much higher she going to go?

Stalling now at 191.3, is this the turning point?

Spoke too soon, just broke 192.

Short 191.98, let see how we make out. I mighta jumped the gun here. But I think iā€™ll get 50 pips off her neway.

Short 191.98
set SL to BEā€¦ 100 pips n counting oh and TP of 187:) 100 pip TSā€¦

Oh ~+260 pips nowā€¦ finally closing the gap on my 189.00 shortā€¦

187ā€¦ here we come;)

Going to try to hold them longer today, yesterday I failed to hold the shorts long enough. I think I will get short all the way up into 192.00, same as yesterday.

She does want to jet north, but there is huge downward pressure.

I was doing some reading yesterday, and as imagined there IS a bucnh of feds
who regularly manipulate the markets when we get in situations like these.
It is the feds probably who keep buying pound selling yen to prevent the bottom from falling out.

Here is the report it is 3 years old or so and comes out of canada from a canadian asset management company. It is credible and while nothing new,
it is a forbidden topic. But all it proves is what we ALREADY know, but it does explain why the bottom cannot fall out completely, because we have frickin feds flipping the markets with the governments money.

ANother thing often overlooked, Money. We have none in the USA.
our so called ā€œmoneyā€ is a debt instrument (NOT MONEY). Our US dollar is nothing more than a lame promise to pay. I am going to start issueing promissory notes myself, because certainly my credit and word is better than any lame ā€œfedā€, who robs us daily and tries to cause us to give up the sovernty of the united states.

Professional traders use the BID price :slight_smile:
so it never did break 192.00 and I was short from there and short lower but
I moved my SL down after she ran down some and got stopped out BLAH!
If I had left it alone I could have got rid of it last night somewhere into 187.XX

Things are looking pretty short today, single interest, and 192.00 at the top.
Iā€™d say short from 191.00/192.00 in there with a SL right above 192.00
I think it is gong to take a few runs at 192.00 to get through.
Or some Feds trying to trip us up with a bull trap.

Oh forgot the link!
http://www.sprott.com/pdf/TheVisibleHand.pdf

But I am not thinking of it as a hedge.

I am holding one LT LONG at 191.24 and holding a short at 190.90
she is in a tight range ATM between 191.50 ( I will sell more here)
AND 190.78 which must be a fib level or something as I have a line drawn there and it seems to be acting like a pivot point or something.
And it is and has contnued to provide support and resistance in a ST & MT
TF.

I am just a scalper :slight_smile: not a professional trader, SOme day I hope to graduate from scalping, and when I grow up I want to be a swing trader!

so I picked another one up short and sold them both for pips profit.
Picked up another long, ready to get another short as she may not be all the way down yet, but she is going to do the yo-yo thing again before the week is over.

And it may be a goood idea to be on the right side at least once and get 300 pips, or even be on both sides and get 300 up and 300 down.
I am not using any SLā€™s on any orders now long or short, she eats SL orders for a litesnack, And I am tired of her caviar snacks. You would never think of a fish as a fisg egg eater eh? And just when you were thinking something is fishy here with her movements. Smells like a fish, moves like fish, might be a fish even if it looks like a duck!

She is looking to want to head south here so I am adding a short -/:slight_smile:
just what I am doing not a recommendation :slight_smile:

Well Iā€™m back. Itā€™s going to take a while to catch up with all the posts I missed.

I canā€™t even see Elijaā€™s tail lights now.:smiley:

She doesnt like me calling her a slug I guess.
She saw my short and shot way north immediatley go figure

As guppy is pissing me off anyways now where does she think she is going?!?

My LL hit its TPT. I am thinking short here?
Is anyone still long? :slight_smile: