GBP/JPY Equity Building Profitable trading strategies

I’m starting to pick up longs again. I made about 11k not trading guppy and lost 8k trading her. So I wonder why I am even messing with her again.:confused::smiley:

I’m mostly trading u/j with my M2P strat a little modified. I have been doing pretty well even though the swaps stink right now. I feel like cautiously giving guppy another try.

Took your advice, awhile back ,TR,went opposite to you;) Just kidding, ok?

Still think that your stuff is brilliant; but, not in the crap that has happened in the past 2-3 months. When this current scenario is over, I shall make a ton of $$$$ using your strategy! {my son on his demo today, made 150 pips only shorting. He has had 2 days of training}

THE TREND IS YOUR FRIEND.
PATIENCE IS A VIRTUE.

She is going down(there is a male joke there; but, I ain’t gonna touch it).
Sell the rallies in a down trend.

Couple of trades today and $198 into my account.(1 minis only)Imagine if I had the funds and testicular fortitude to trade standard lots?

As I mentioned before, I don’t have the smarts to send my charts ( if someone,would like to see the indicators, it might make my mumbo-jumbo more sensible.

Going to read the fundamonals now (hint: M2P use your backhoe to dig a DEEPER TRENCH):slight_smile: Sincerely, I hope that you have somewhat recovered from the ravages of the hurricane.

I’m in Orange County CA. right now. I will give that backhoe a workout when I go back home.

I said she lives to defy me. And when I said she was going down and lived to defy me she immediately shot up!

But now I think she is back to her business of heading south for the winter?

Even if I got short at around 150 just above so called ST support.

I would be looking pretty fat this morning in the short.

Things in the USA are crazy. Obama will cuase guppy to shoot for the moon I think, but this may not come at least until after Jan 20, and may not really take off until the spring. But is is likely too that things may drag all next year and that guppy may not turn for the north until 2010.

I know as a scalper, WOW if I Had some money I would be kicking her arse right now.

I have tried without success to break my addiction to her, so she helped me
and took my last $8 the other day! Now I have like $1.41 in my account!
I know she loves to make me suffer!

I am studying some new stuff so I will update soon. My uncle installed his quadrouple screen after he got his new 4 screen video card installed.
I guess this way he can trade 40 pairs! HEH.

I await his holy grail, I dont know why he needs 100% perfection.

I really am pretty certain guppy will touch down to 140 before the end of the year.

Bullish guppy, may not rise significantly until after Obama gets in.
Sure there are runs up. I would like ot have got long at 149.80 and get a few on the up, but I never am patient enough!

I dont think it is time to get long guppy LT no matter what so called pros are calling this the bottom.

Be careful and maintain Smart margin management, as that is key.

I will give you a beautiful pair of Alpacas. We had another new alpaca cria at furbelow farms. The chickens dont seem to be effected by the economy.

And in answer to the age old question I know you are all still wondering about.

Which came first the chicken or the egg?

Obviously it was the chicken!

And the Cahsmere goats are getting an awesome coat already for the winter.

In the spring the trick will be to catch the goats and steal thier Cashmere fiber!

The Alpaca are getting a pretty thick coat of fiber as well.

Soon I will update the website with some new alpaca cria pics.

While I have to sadly go work for a living because guppy is not supporting me anymore!

She has been so manipulated lately, and I dont have the deep funds anymore to stay up on her.

Most tenants are way late on rent, inflation is kicking in, Hay is overpriced.

Gas here though is down in the 180’s so that is nice.

But dont be fooled, no matter what Obama does it is not going to be anytime soon where USA breaks its dependence on OIL, and next year OIL will be
shooting to the moon again.

Oil is cheap now because it is still traded in USD, and the USD is flying way high, it is insane how the USD has gained over the last 6 months or so.

USD is running the show now.

Rise them slide. She may rise up to 152+ today but be assured she will crash again overnight and make new lows.

LT trend is still down. The guppy :eek: trend is my enemy, it doesn’t want to be my friend :frowning:

Fundamonal experts say US$ to be strong for awhile. Still cnsidered a safe currency.

Gold $s dropping, usually, means US buck to go up. Still risk aversion out there.

Shorted my G/Y this A.M. -9 minis = $995.72 ( hope the ex isn’t reading this or it’s back to court for support:eek:).

did a quick target projection on D chart, pretty conservative (fowlfeces) one. I’m aiming for 134. I am not going to put that as my limit on one trade; only short down to it with 50-100 pip limits.
Shall be interesting to see if G/Y does it. If she hits and/or breaks 134 then I might have some testosterone to do 2 minis:D

She didnt rise as much as I thought eh? But she sure did slide like I said.

You knwo why she is doing this right? Because I am not trading!

She almost hit 141.00 beware I sitll say 140 is in the cards,
Maybe that is the place to buy.

I recommend now, but one loss leader and get long with the next one at about 140.40 and so on down I expect she may get as low as 138.XX
but for sure she is WILD today!

I may even scrap together $100 to trade her the RR style now,
now we could be at or very near the bottom 138-141 range.

But again do your own T&A. Study the charts long enough and watch guppy long uNF and she will tell you where she is going.

Is this before or after she just slid 1000 or so pips?

This is a picture in the complaint department


Minis were shorts from last night to this afternoon.

The 3 minis from lunch to this evening added $550 to the account.

She may go into a consolidation phase for a couple of days ( don’t see any significant new). She might retrace somewhat but then down she will go.

M. King;s announcement today and poor economics in U.K. accounted for the big sell-off today.

Late afternoon stuff caused her to come up for air, and that’s ok cuz it means she will go back down. I erred on yesterday’s post (notwithstanding spelling) in thinking that there would be consolidation on the 4h.
Still was able to grab 400+ $ to my account.

Tonight, my D chart showed lower hi’s and lower lows (downtrend).

147.70 (approx) is the 5ema on the D (151.27 is the $ on the 10 D ema).
On my 4H: 147ish is a meet of the down trendline and 18 ema ( suggests a strong resistance point).
4H STO (8/40) is o/s and going up.

I think (being chickens**t)that I shall place a S.E.L @151. It might not be hit (but that’s ok, cuz I shall not lose anything). A check just showed that 151 is 50% fib retracement and 10 ema on the D chart. It don’t mean that $ will stop there- but it suggests that it might. All the charts (M,W,D) show that G/Y is in a DOWNTREND.

Triple R: I hope that you are still going long:p;):smiley:

Looking at the 4H charts, it sure looks to me like guppy is getting ready to make another run down and make perhaps new lows.

There are some mixed signals, But I am leaning to the short side.
Where is Paki, I bet he is short.

zoom in on the 30M it could go either way, but LT we are still heading down to make new lows I believe.

I am short from like 144.50. time to bail out?
Guppy does look like she may be rising from the ashes.

But I think it is a bull trap, she will rise some and continue to fall back into the 130’s. I suspect new lows before the markets close today.

better check your 30M chart again.

She is falling like a hot rock!

But unless she can break through 144.00, I don’t think it will be a bullish day for guppy. She is just trying to rob some bulls now before she heads down further I think.

I am trading guppy in my mind now!

This way she doesn’t know if I am long or short!

So unless she is reading my posts, she will never know!