GBP/JPY Equity Building Profitable trading strategies

stoch heading down, 8,3,3 macd is still above 0 but looks like it is getting ready to cross down.

I expect possibly new lows overnight, only holding one short.
Will hold the longs as long as need be as I am earning +swap.

DOW closed in the 7ks. Will value guys push it up again or is it time to do some major dumping.

Guppys is strongly (more than usual ) correlated to DOW lately. ( duh, isn’t everything right now)

picked up a long on the reversal, coffee is ready to go,
gonna get a few winks.

looking to add another long lower or some shorts higher we will see how this pans out.

ST MT and LT I am long

LT I am still thinking short, but all my shorts hit TP’s down into 141.0’s.

1000 pips for the week = 10K in demo account, time to convert my old forex.com account to their new mt4.

Many many thanks to carditek for telling me!

She is due for a bounce up. I am only long now. and have no shorts.
If I can get positive swap I am going back to the old RR method used in the genesis of this thread.

I will add shorts on a rally, but from here I dont want to be short.
As we could have support at 139ish but she may easily go to 129, in which case from there she will head back up. I am set margn wise to go down at least 2000 pips.

it hit my trailing stop at 70 pips! :slight_smile: and closed w00p!

hit trailing stop for 25 pips. all shorts sold now only holding longs.

looking to get long lower and short higher! :slight_smile:

pip count for the week @ 1327 pips! on a standard account that is 13,271.77

going short and long. normally I enter orders at a predetermined level (pending) then set a TP fopr 100-200 pips, if I am sitting here and I suspect a reversal I enter a tight trailing stop once I am in profit to assure a profit.

Sometimes I enter an order at market, then add a TP 100-200 pips
again once it goes in profit I add a trailing stop to assure a profit.

I am often long and short at the same time.

I scalethe longs in pending orders up high near the top of range and add shorts in the bottom of range, I always enter a TP of at least 100 pips.
Then often but not always I enter a trailing stop especially the way this crazy guppy is bouncing around.

Often it hits my trailing stop as I cant seem to get this patience thing down.
Banked pips are always welcome even if I can only grab 20 or 25 pips.
Sometimes the porders hit my TP, but usually they hit the trailing stop.

I always have orders pending to get more longs and more shorts.

So far it is working this week. early in the week I was only short. then as we got on down in the range I started adding longs at about 100 pips apart.

Now I am only holding 4 longs all in the range. orders are pending long and short. If I see crazyness I enter one at market then immediately add a trailing stiop once I make back the spread.

So I am scalping her to death and often only making less than 100 pips per order, but so far I am killing her this week!

and 5 pending longs and 5 pending shorts

as expected price continued to move down I got longer lower like I intended.
However none of my shorts triggered, so I am only long.

I am ready for the fall down into 129, reminds me of old times :slight_smile:
Burried in longs and waiting for the resurection:eek:

HAHAHA!

She is too funny or at least I am!


Long strategy may work provided you aim for a quick snap like 50-70 pips. Everybody now tries to talk the bottom out but week and month charts are merciless for bulls. But burying in longs it’s a play against the trend, maybe more profitable if closer to the bottom, but who knows maybe 130 is a bottom ?
There is a man behind the curtain; hedge funds. What is going now there is ongoing liquidation of carry trade positions which goes in batches. They put liquidation order which has to wait to get filled (these are billions worth of carry trade), the process takes about 20-30 days. So all carry trades suddenly slump and then go side ways with some false popping up which last about 20-30 days in lenght (when new orders are getting ready to be dumped on the market-see ticks). Between you see a massive meltdowns.


Some may call this Elliot waves but I’m not a elliotician prophet cause you can always try to re-draw the price action once it’s done. I just wonder how many waves are waiting to unwind in cards ??? :confused: I bet they have at least one BIIIG batch of pending orders before this year ends.

I am having a heck of a time with some images bah!


Thanks ART, another piece to the puzzle. Your input was significant for me. It gave an insight as to what “carry trade” was and how it functioned.
As for bottoms, I could never GUESS when it would happen, so I keep shorting ( you can only be wrong once). $ now @ 139 ( a previous post of mine on fundamonals said the "experts"were thinking 139 by Dec.).

A quick T an A on the D chart: a short term up TL was broken and I am aiming for a TPP @ 134.10. As you suggest, some consolidation is likely; so, I have a S.E.L. @ 141 (an ema on the D chart).

Triple R: glad you’re positive pippin’ ( how many times have I iterated about the brilliance of your system?) You just had to become a Democrat to appreciate that “going both ways” is not a perversion!:smiley:

Read today, the RBA bought 3+ billion AUD ( shall have to verify this) in Oct.
And I was worried about BoJ.

My indicators 4H indicate $ going down.

Hope some others jump into this thread with trading info such as Triple R, Art and M2P.

Oh, I’m just another brick in the wall :smiley: - I know nothing about these fat cats. These fat cats from hedge funds can play us as they want - it’s good to know how they function though :wink: more or less at least. So now they pissing their pants cause everybody wants to be first with their company orders to be filled with a better price.
Let’s sort them out :smiley:

They hate the risk now cause economy futures looks pretty grim everywhere-so nobody knows when big money is gonna come back from sidelines to play the risk in the market.
There are also some more minor sceletons (credit card debts) in the closets ready to pop out and do a minor “Picca Boo” :smiley:

Thanks for this information Art.
This is why I like this thread; because, I can make trades based on my informative decisions ( both TA and FA)
From my limited capabilities, I believe that the worst is not over. So, I shall still buy the yen (sell G/Y).

williams R is up there on 4H and 15M, so I am setting 2 trailing stops on 2 longs in profit, getting coffee going and getting a few more winks.

Pip count for the week over 2000. shorts pending starting around 144.00
she is a bit overbought on the 4H eh?

ST (15M) trend is UP. locking in 140 pips on lower long and 50 pips on next long up as she is maybe going to dip down here.

Anyways be careful she is looking WAY overbought. WHo lit a fire under her arse?

Soaring futures (see how the day goes) and short covering before the weekend will probably make the day for her.

got another long on the dip down when the other 2 hit,
locked in 60 pips on trailing stop on that one that just hit.

This is a scalpers dream lately. Pip profit up to over 2350 PIPS for the week!

she will be coming down some now.