GBP/JPY Equity Building Profitable trading strategies

Trading Systems Free Forex Trading Systems
3225

Pakiestra:I went back to re-read my prev post and saw a few (?) inconsistencies.This is what usually happens when one tries to multitask.
As you may have noticed, I like nicknames and levity-what do I call you?

Eureka- you are ART.:D(HEY,IT’S EITHER THAT OR ESTRAGEN) your call;)
And it’s still a lot better than what the ex calls me!

The G/Y is mega-volatile and you cannot have stops too close ( I use 1500 pips with my minilot trades. That is why I rely on monthly and weekly charts for the BIG trend).Many people will disagree and that is great - each one of us has our own system.

ART, go to a demo account on something less volatile, such as NZ/US or US/Cad.Just practise the 3,5,10 ema’s (hint : if 3 X’s > than the 5, it might be a retracement. If 3 X’s> 5 AND the 10 and the 5 X’s > than the 10 AND $ is greater than the 10 we might have a trend reversal on THAT
time frame. Then you move up to a higher time frame to see if the same is true there.
I want to know where the people with the ’ BIG BUCKS" ARE GOING and that is why I look at the W and M charts. That gives me the big trend.

3226

I’ve just looked through your technicals - must say, they seem to be clear and logic*
(*rarely happens this days when common sense has died) :frowning:
and 've read your explanations -they seem to be promising but as You clearly state require significant time and an wide and non-compromised attention span in front of the blinking screen.
(which acc. to one of the basic and simplistic principles time spent IS almost equal to money). :smiley:
I hope Rrram won’t throw my post to a rubish can cause I’m messing his thread and he may not tolerate it well enough :confused:
As far as the hormones are/is (delete as appr.) concerned I’m not takin a replacement therapy and still run on my own(ed):smiley:

On the topic side - I think we need a rebound in the risk (otherwise the bankers stay jobless and unhappy) so mthe show must go on, it mya be too early for a Santa Claus ride but dollar bulls need a breather, panic needs to settle - for a week or two. Momentum in carry will take some steam to have a more spectacular fall (maybe juts before a Christhmas). Overall some retracement.

3227

Consolidation on the Daily. Today was an inside bar.

M and W trend DOWN.
Today, D candle is an IB.
Indicators are mixed. D BB’s are widening and seem to be going down.
Last valid TL is up and $ respected it today. The previous unbroken TL is down.

The 4H indicates that $ COULD go to xxx, but some indicators on that frame say no.

I’m staying out of the mkt tonight. Mayhaps, the fundamonals will overcome sanity and take $ on a rollercoaster ride.
Could be a good night to scalp only if you stay in front of your computer.

3228

Just missed your post ( I was doing mine). Going home ( 14.5 hrs @ work and the mind is moosh).

With trading closed Fri after 4:30 , I shall have time to explain a little more about things that I look for “afore I makes a trade”.

Tonight, every indicator was telling me something different. To me,that means stay out.

3229

Al, thanks for a clear info and time spent answering my questions about the setups, looks like you know you technicals.
My rule of thumb is hardly ever trade on Friday unless you like to put some money to your brokers. :smiley:
Lets see how Asian will open on Sunday it could be an interesting week.

As far as the nick is concerned you can call me Paki so my ego won’t get inflated too much, too early (if I was so sharp I wouldn’t have to leave to work now :frowning:
I like your levity the same way I like your technicals, have a great weekend everybody !
Cheers !

3230

That would be great, but first have some relax as TGF today :smiley:
Have a great weekend !

3231

Art: like I’m going to touch this one:).
As you are well aware, there are so many people with spastic anal sphincters, (whose heads are shoved so far up into the nether regions of their large intestines) who get gas- which causes their heads to be expelled into the real world. They don’t like what they see and get extremely annoyed as they are unable to get their heads back into their comfort zone, due to the aforementioned “spastic anal sphincter”.So they make it miserable for everybody with their “political correctness/ human rights/religious” agendas.
Therefore: you shall be " ART:D

Looked briefly at the COT charts tonight (GDP and JPY) might suggest a G/Y retracement- don’t bet the farm yet- shall post more by Sunday. Glad to read that you are out of the mkt on Fri. ( I’m trying to learn this lesson).

Triple R: heard briefly, today, that W. Buffet had an op/ed piece in one of the major papers. My take was that he was putting his personal money into the mkt ( not his Berkshire/Hathaway? public funds). Think I’ll google it this weekend. My initial reaction: why the heck is a multibillionaire making a public statement as to his confidence in the mkt? Why suddenly,is he sharing his wisdom as to his trading ideas? Why isn’t he sharing his G/Y thoughts with your post?( I am sure that he has forex traders on his staff.)

So many questions and so few answers.

3232

Slow week no trades since Wed.
20 trades added $916.56 in the account. Less than the previous 2 JPNB posts.
2 trades were 2 minilots, the rest were all 1 mini’s.
Read a great blog this p.m.(“art of the chart”) that assisted me. I like to know what those with much more knowledge think and why.
The Fri COT- Yen MacD>H20 and curling down 10>25 ( sl retrace?).
G MacD curling up but < H20 near signal. 10< 25.

REMEMBER Al, that these are FUTURES and not Forex.
M $ low BB STO down nearing O/S), MacD down < signal/H2O ( long tail on candle) Prev support, now resistance 181ish.
W up candle ( IB) high 181.40. low 168.69. * the 89ema x’d down < than the 144. The 89 is 212.40 the 200 is 211.87 (keep an eye) STO down near O/S. MacD down< sig/ H20$< low B

3233

I am in so deep, luckily still in the new demo.

Something very wierd is going on in the world. It defies logic and common sense. MY dad doesnt know why gold/guppy is tanking.

I knew GU was going to tank and sure agreed with you all on that. BUt I thought UJ would rule the day and keep guppy up.

USD is killing everything in the world except JPY, go figure.
USD is worthless why is everyone putting such value in it?
USD is a debt instrument a promise to pay, A DERIVATIVE EVEN!
it sure is NOT an asset like gold or silver.

Before the USD goes under in the final act, we are in for some shockers.
As the chinese continue to hold at least 2.5 trillion USD in hard currency, they are going to continue to hoard pur money as if they know something we dont, they arent perhaps as ignorant as the americans. But I am betting
when they run out of toilet paper they will have plenty of USD instead.

Yes I am trying to amass 4 times the USD I used to need to live. I have very little gold and silver. and a ARK load of guppy long going all the way back to 190.00 Had I done what I wanted (BUT DIDNT DUE TO SOME WHAT IF< IF POSER here) was getting short at 197.00 and adding to the shorts the whole way down, wow I would be rolling in USD which is about what I need now
as I need 4 times of them as I used to need to live.

As the USgov considers the banking crisis, I am amazed at their stupidity
they know the fraud of the banks and the fraudulent manner in which they operate, but why bail the banks out? They are spending money like it grows on trees, it doesnt! It actually costs them 3.9CENTS US TO MAKE A PAPER BILL OF ANY DEMONINATION! I think they are going to get smarter here soon
and figure out that they can print $1000.00 bills for 3.9 CENTS which is a much better profit than making $100.00. This printing of so called "money"
without assets to back it up shall prove fatal in the end. This printing of so called money has the same economic effect of counterfeiting. This banking bail out ranks up there with one of the biggest frauds in the world.
Why bail out a bunch of thieves? Unless you too are one of them! EH!
bush, the worst president ever has secured his title forever it seems.
We as a country may never recover from being raped by bush.

All I can say is that logic and good sense will have to rule the day.
There is no way this high flying worthless USD can sail forever, it defies LAW.
this is a world or laws, spiritual, natural, and man made, the latter being the weakest and most insignificant.

Brace yourselves its going to be a wild ride back up.

If I had any real extra dollars USD or any currency I would be using it to buy all gold at 750. it may never get this low again. And silver is a steal too.
Hold the asset not the debt DOH!

3234

I sold all my stocks long ago. Bu now I am looking at great values like INTEL
(chip maker) one of the worlds top 10 brands its down around $15

VErizon is a steal too and disney. I even like google after it has dipped pretty far down.

WB is going to make a fortune in stocks, he may even buy some companies out. But I guess he is a kind soul and telling folks he is buying basically because we have already hit the bottom and we are on the way up, so he is buying. I think part of this claim is that if he is buying and he admits it publically, then many will follow him and start buying.

3235

On the 1H if you are sitting there I am finding at that TF 3/13 RSI may be better. On 9/18 RSI’s I would think this would be for a bar/CAND chart of a shorter TF than 1H.

But if you are still short you are doing good. I am getting ready to get sold out.

3236

Thanks Triple R - I’m going to put it on right now.

Yeah, I’m shorting my brains out( up about $5K since yesterday A.M.):eek:
Now doing 2 and 3 minilot trades.

3237

M 3<5<10 all going down. Looking back to Oct/07, MacD x’d down < signal and is still heading down ( I did a quick TPP and got 155ish 3 months ago but refused to believe it.). I gotta get more faith! STO still heading down.

W July/07 MacD x’d down < signal and headed down ( it was still > H2O so, I figured it was an early warning, but not an alert{silly moi} wk 16/17 2008- MacD x’d > signal and $ retraced ( approx 198 to 211). Wk 14. STO started to go up.
At present MacD is still going down, so are the ema’s.

D 3<5, etc. MacD x’d down < signal.

Will she reach the Aug. 2000 monthly close @ 154.43? I don’t know; but, the odds appear somewhat more favourable than her going up to the 200,s (ATM:)).

Keep the faith in Triple R’s system. It works in BOTH directions, BUT 1st ya gotta know the TREND!

3238

i had my shorts closed with a take profit at 150…Thinking she will stall there!!! she has BLOWN the 140s in under an hour 1000pips. And i didnt get any now she is 139 and i am trying to ride her down to 99 before new york opens! WOW:eek::eek:

3239

Ummmmm mmmmmm maybe…she is ****ing wild!

3240

Anyone Going To Call This 139-140 A Bottom?

3241

Trav72: did you ride her down to 138? I hope so!!!:confused:

I did real good shorting this week, BUT I shall take the weekend to review.
I am kinda scared that she might have reached a low! There is a retracement, but will G/Y go up/or continue down?

I haven’t had a chance to look at any charts and make my trade decisions for the Sunday opening of my broker.
My secret desire ( other than several beautiful women desiring my body) is that the risk- aversion has ended and guppy rises and I can trade in the direction of Triple R.

3242

:confused:

Trav 72:
How did you do? Did you take her to 137.50?
I missed all this cuz, I was sleeping.

The T an A suggested that she was going down but didn’t say how far.

might wish to stay out, cuz there might be a bottom.

The hordamentals might kick in- this weekend.

3243

Start of a new week. Have not had time to analyze the Guppy girl’s T an A as yet.

Kind of excited as this Friday, number 1 son opened a demo account. Really interesting to watch the rapt attention that he paid to the charts and the emotions he conveyed watching those blanketedly-blank candles form and disappear ( almost like a fan watching a football game whose cheers and boos, vocal support, exhortations, can influence the outcome of the game;)). WOW, this was ME when I first began this FX game.Hope that he can be spared the financial agony that I endured upon my trek of the FX. ( But what child listens to a parent?).

Anyway, this week her hordamentals, I lived with ( kinda like being married and you know that it is PMS- so you nod your head alot and agree with her mood).

32 trades: mostly 1 minis ( 3 of the 2 mini and 3 of the 3 minis). 1 loss of $103.72. 31 wins for net gain $9297.16.

Please note that I do not factor in the premium fees into these totals. It taxes my brain.

3244

M: MacD down STO 8/40 down ema’s down. I shall wait for a 139 break to put a 2 minilot SELL.

W: the GAP. Will G/Y return to 150ish to fill it? STO is O/S ( but what else is new?) MacD is <signal/H2O and going down. Ema’s are going down.

D: STO (O/S) but the 8 x’d > than 40 UP.(sl. retrace?) I shall SELL the rally (not BUY the rally). MacD is still <sig/H2O. ema’s are still pointing down.
What bugs me is the long wick! For tonight, I’m staying out until I can see tomorrow’s charts.
I am still in a sell mood, but I told you that I am "ch******sh.:wink: