GBP/JPY Equity Building Profitable trading strategies

[rrram2]

I agree with you, but my chart tells me down. So I just added a trailing stop to my lowest short. I have 2 shorts now. 144.959 and 144.019
top short has TP for 100 pips bottom short has a 70 point trailing stop.

bottow one is currently, well just hit trailing stop and closed for unknow pips profit. Only one short left.

Trouble with the longs now, or I would be with you is swap is still negative for me I think. Otherwise I would use my old long only and buy going down every 100 pips for the next 1000-2000 pips and collect swap and wait,
but there is no positive swap I think and I am at 200:1, I think I would need to move to 100:1 or 50:1 to collect +swap.

Japan’s economy is in a stink, has been in a stink, may be in a stink worse than us, and now the media just starts to give Japan’s stinking economy some spotlight.

Yet instead of everybody dumping yen, they flock to it. It may be the only takers of yen are now grandmas and taxi drivers. I’m loading up on small longs all the way down now.

BOJ doesn’t like too strong of a yen either, it hurts their export conversions.

Fundamentally am I making sense, or am I just crazy for gathering my longs?

[rrram2]

[B]“He is rich or poor according to what he is, not according to what he has.”[/B]

Henry Ward Beecher

[mytwopips]

I agree with you, but my chart tells me down. So I just added a trailing stop to my lowest short. I have 2 shorts now. 144.959 and 144.019
top short has TP for 100 pips bottom short has a 70 point trailing stop.

bottow one is currently, well just hit trailing stop and closed for unknow pips profit. Only one short left.

Trouble with the longs now, or I would be with you is swap is still negative for me I think. Otherwise I would use my old long only and buy going down every 100 pips for the next 1000-2000 pips and collect swap and wait,
but there is no positive swap I think and I am at 200:1, I think I would need to move to 100:1 or 50:1 to collect +swap.

No I don’t think any brokers are giving + swap right now. When the VIX backs down a little from it’s record highs and the overnight lending rates ease up a little with the bailout liquidity giving the banks some breathing room, then some + swap should return.

The 4h is showing we are about to head south quick? Don’t you think?

Maybe to 129 or more? I will adjust my positions for such a ride and get heavy longs in that area if we go there. If the drop is confirmed with a nice breakout I will pick up some shorts with stops too.

[mytwopips]

[B]“He is rich or poor according to what he is, not according to what he has.”[/B]

Henry Ward Beecher

That’s just what poor people say to make themselves feel better.:p:D

p.s. It’s just a joke.

[rrram2]

If you use my old strategy from here and are dcollecting +swap,
you should be OK eventually. I expect guppy to run down somewhere in the 1000-2000 pip range from here. 2000 pips puts her at 124.60 right?
Make sure you manage your margin in a way that allows you to live through a 2000 pip drop, like I always said you needed to do from my old strategy.

I doubt guppy will break below 124. She may even only get to 134-135 range.

I can tell you though I am willing to bet the farm on some shorts down into at least 139 to form a triple bottom there somewhere, she may get some hard support in the 138-139 range, but if she beaks down from there I say expect 120’s for sure even if just 129’s.

Japan may be in the stink, but BOJ has HUGE reserves of CASH, perhaps more than anyone in the world, their economy is strong and they are no where near in the trouble we are, True no one is buying Toyota and canon like they used to HERE USA because they cost too much in USD, but the japanese car makes are way more in tune with market demands for the type of cars consumers want.

The big 3 deserve not to be bailed out!!! No one is bailing me out! Why should those losers be bailed out? They made bad business chocies so they should be bailed out? BAH!

Yes Yen is at a 14 year high or something?> And due for some downward correction, but the JPY still is kicking the crap outta the USD, while the USD has gained for almost 6 months against the likes of AUD and NZD which are far better off than us, and have had their currencies more tightly tied to gold.

Yes a currencies global demand is in part related to their interest rate, but JPY defies this somehow. Money goes where it is best appreciated we know.
And investing in Yen often pays far too little to be worth buying it.
.5% hah I make more than that per day in my foreign investments.

AIG sure didnt deserve to be bailed out. My mortgage business basically went under, but at least I didnt lose any money, I just didnt make very much at it this year as who wants to buy the sinking dollar.

I got a very nice Cashmere Buck today! When I cut him loose in the girl pen he hauled arse after them. I suspect there will be some sticking going on tonight as he tries to stay warm and make some KIDS!

I even got a new Alpaca Sire today, who was immediatley mounted by a couple other boys when he got here.

In the spring I will get some of those Peking (Chinese Ducks), I am not going to eat them though, I will just use them for eggs EAT EGGS!
You realize China is by far the worlds largest producers of chicken eggs.
Egg is one of the few perfect foods in the world, dont be decieved by the cholesterol lies. You can live on Eggs!

I got a million sqaure feet of land if you want to bring the backhoe over and play in the dirt!

[rrram2]

dont see the fall quick hard, asia comes in, in 30 minutes?

I expect down but the PSAR hasnt crossed, stoch looks down mac’d looks on the border.

I been trading the 15M. When al gets here or paki they may have some more info, but as soon as that PSAR flips, it will look pretty grim for guppy.
As I find 4H PSAR’s to often run several bars before flipping again.

And LT is still definately down.

[rrram2]

I am stickign with down for now and getting short as high as I can every 100 or so pips up.
Still sitting with one short a loss leader. Which I will hold at least into 150’s
at which point I will reverse. But I doub 150 is in the cards for a while yet,
like sometime next year maybe after and IF Obama gets in.

[rrram2]

Drop to 100:1 or 50:1 leverage instead of 200:1 400:1 or even 500:1. But I dont have the money to put up for the large number of minilots I may end up with… When you change leverage the only thing that changes is the cost per lot to secure the trade

[mytwopips]

Wow… ~30 acres of alpacas and backhoe playground.

I live in TX, right now I’m in SOCAL, I need an excuse to load up and go east for a while. I haven’t been in VA for about 10 yrs now. It sure is some nice country.

Back in TX, my biz’s are a little slower, but not too bad. The economy has realy shown SOCAL the pain. I can’t believe how different it is out here from the last time I was here. It is really showing with both small and large businesses.

A guess the East coast is feeling the pain too. Hang in there. This bubble burst will rid the weak and give the strong a blank canvas to work with.

[mytwopips]

Been a while since one of these has been posted.

[B][U]GO GUPPY GO!!![/U][/B]

[rrram2]

I couldnt wait and had to add shorts at 145.80 since I didnt want to miss the top.

Last night I missed afew early on as she didnt quite get high enough.

Triple swap today but I am still going to be mad short. SHe may be above the “cloud” but she is looking a bit lame ATM>like she is headed for a fall.

It isnt too late to get short as she should sink a hundred or two hundred pips before NY open. AT least now that the cheerleading section has went to bed!

[rrram2]

Not a reocmmendation just what I am doing.

[rrram2]

but you should have already been short from 147.80. I was but it hit my trailing stop on a pop upward.

pips of banked profit at almsot 6000 now for the week on forex.com’s mt4.

[Al_Zheimer]

Some of the fundamonal sites mention long term Y strength against other currencies. One says G/Y may not hit 139 until Dec; but, warns month end close <150 could lead to '95 low about 128 ( remember that mention about the long term M chart last week?).

However, Japanese finance ministers are beginning to be quoted ( is this a verbal warning that if the Y gets stronger that BoJ will intervene?).

146.67 has been hit 4x’s and been strong resistance.
On the 4H, $ almost hit 60sma and was > upper BB provided good short positions.

Up TLS @ 144 and 143.57 good support levels to look at.
142.44 is low BB on 4H.

I’m selling the rallies in the downtrend.
Triple R keep telling her that “yer longing her” ( I think your strategy to confuse her is working)

[rrram2]

if you are still short be patient or bail now I got a few longs.

[rrram2]

I really am long now Only 2 mini’s wannted to see what the triple swap was maybe positve!

I sold all my shorts for a profit, to avoid triple negative swap.

watch that willams R closely if that breaks below say 60 she could be heading back up into 146.80 where I keep adding shorts.

Some of the fundamonal sites mention long term Y strength against other currencies. One says G/Y may not hit 139 until Dec; but, warns month end close <150 could lead to '95 low about 128 ( remember that mention about the long term M chart last week?).

However, Japanese finance ministers are beginning to be quoted ( is this a verbal warning that if the Y gets stronger that BoJ will intervene?).

146.67 has been hit 4x’s and been strong resistance.
On the 4H, $ almost hit 60sma and was > upper BB provided good short positions.

Up TLS @ 144 and 143.57 good support levels to look at.
142.44 is low BB on 4H.

I’m selling the rallies in the downtrend.
Triple R keep telling her that “yer longing her” ( I think your strategy to confuse her is working)

[rrram2]

I am not getting short until after 5pm.

[rrram2]

came out positive @ 31.20 x 3 on 3 minilots

so now I have 3 longs arg looking to sell them for some pips and get short after the next rally.

[rrram2]

Oops am I silly or what!

I am trading a standard account! not a mini HAH

I have only made 831 pips this week! when I was sayiong 5000 I meant 500 pips so now I am at 831 pips of profit.

[rrram2]

146.00 146.50 147.80

still holding 3 longs, forex.com is paying +swap on guppy on a 200:1 standard account @ 31.20 on wednesday so tomorrow each lot should pay $10 or so I guess. WHich means on a mini they are prolly paying $1 carry on a mini overnight.