I would recommend buying the dips and selling the rallies. Load up longs around 141 and below, for long term. I expected a retrace to the 141 area and had buy limit triggered @ 141.2 - 6 lots, still holding longs from 139.41, 138.68 and 137.92…
I disagree, we wont see 139 again before we see 150. But i will scalp her up and down these 500 pip swings.
Im out of all shorts unscathed, setting TS locking in 80 pips on the long at 142, Things are looking fine, I only have those 4 longs anyways at this point.
So I wasnt betting too highly on the shorts you know
the 142 closed by TS at 83 pips, readding order to get long AGAIN at 142.00
Although I am buying at 141 too, AND it is not about who is right or wrong,
As before in the old days when I was wrong you were right, you may evfen have been right more than me but thats ok, Sometimes I need you to slap me in the face and tell me the truth when guppy is lieing to me and sending me mixed signals.
Although there isnt much difference in the guppy world between 139 and 141 200 pips with guppy is nothing, and thats what I was trying to tell that new guy trying to trade guppy, using my old 10 pip spacings, in this wide wild range, 10 pips is to close even if you have a 5 million account, unless you are in the dip or at the top of the rally then maybe 10 pips isnt so bad, trouble with guppy is you never know for sure, and you could not only miss the bottom or the top by 200 pips but it is easy to miss it by 500 pips.
I too have been looking for the resurrection of guppy and endeavor sometimes follishly to pick the tps and bottoms, the trick is to cut that fillet out of the middle, but why waste a whole cow ( or in this case FISH) for a little fillet?
I dream of being the kind of trader you ARE, then I could relyon guppy to put food on my families plate day in and day out instead of whoring myself for $60/hr going all over the bloody place fixing /lusers hardware, often finding PEBKAC to be their ONLY problem.
I had some longs down there right aT THE BOTTOM like you, but I ignorantly
sold them for peanuts, it is rare I make more than 100 pipsw on a trade, I dream of those home runs like you have going there, I dream of patience
(the ability to be a smart trader and HOLD orders), I dreaM OF adding to longs
or shorts as she rises or sinks. I should be dreaming now, but so much to do and so little time.
She has too much steam! getting coffee going BBIAB.
I only have 3 longs if I was a smarter trader like Cdawg I would have loaded up down low like he did instead of getting one every 100 or 50 or whatever I had, AND I WOULD HAVE HELD THEM and would still have them!
Oh well when I grow up I wanna be a swing trader instead of a bloody scalper!
Hello Mates !
HRH is getting old, her son is busy with his semi-royal inamorata and it looks like the kingdom is already abandoned by “king” so no wonder she is busy knitting baby clothes for grand-grandsons and grand-grand daughters
Thank you for the trust, you may again overestimate my abilities in guessing the direction Guppy will go. However a couple of interesting things: first Gordon is tryinh hard to talk the market up and it’s working so far today, FTSE is gaing a momentum (for how long?)
And the second here is DJIA chart since the beginning. All red arrows are showing bear markets, all but one (Great Recession one) show about 50% of a retracement (I know this is long time frame but bias can’t be as high as 10%). The most recent drop is circled and now is at 50% of the previous move up. I know it’s too early to call the bottom out but so far every effort is being made to defend it. untitled.bmp (912 KB)
So, maybe it’s time to get ready for a flip and then run as far as to the North Pole. I don’t know, just speculating. Of course it won’t happen today.
In my browser it doesn’t open properly so, put the cursor on it, right click of the mouse and then select “open in a new tab” option. Some food for thought.
I only have 3 longs if I was a smarter trader like Cdawg I would have loaded up down low like he did instead of getting one every 100 or 50 or whatever I had, AND I WOULD HAVE HELD THEM and would still have them!
Oh well when I grow up I wanna be a swing trader instead of a bloody scalper!
If you follow the guppys movements as of late she tends to go in 300-500+ pip moves either way. Do you use fibs?
I had some longs down there right aT THE BOTTOM like you, but I ignorantly
sold them for peanuts, it is rare I make more than 100 pipsw on a trade, I dream of those home runs like you have going there, I dream of patience
(the ability to be a smart trader and HOLD orders), I dreaM OF adding to longs
or shorts as she rises or sinks. I should be dreaming now, but so much to do and so little time.
I tend to place orders off the 61.8, minimum trade target is 50 pips, but i use multiple lots, when the trade gets to +50 I move my stop to b/e and close off half my trade, then the remaining is free to more profit or stop me out a b/e.
At the moment I have longs all the way up to 145 over 9 active trades, I have banked 450 pips already. Every trade now has no risk, even if they all get stopped out at b/e, this allows me to protect and grow my trading capital and let the trades run. I am a day trader, not a swing trader, and most all of my trades are done using the 5min TF.
Although there isnt much difference in the guppy world between 139 and 141 200 pips with guppy is nothing, and thats what I was trying to tell that new guy trying to trade guppy, using my old 10 pip spacings, in this wide wild range, 10 pips is to close even if you have a 5 million account, unless you are in the dip or at the top of the rally then maybe 10 pips isnt so bad, trouble with guppy is you never know for sure, and you could not only miss the bottom or the top by 200 pips but it is easy to miss it by 500 pips.
It is almost impossible to pick a bottom in my opinion, and as of now we are reaching into lows that have not been seen for a decade or two, uncharted territory so to speak. Each time a significant new low is reached, there has been a big retrace, the question is how can you tell if its a retrace or a reversal?
In my opinion, it doesnt matter in the market like it is today, but you should give yourself the opportunity to catch the bottom. The geppy has been ranging in a 1000 pip swing for the last while, so when you get into the bottom of the swing, start thinking of going long, read the charts. I had several trades stopped out at b/e off 139, but all with the way i trade, i wait for the right entry point and try again. Sooner or later the market will decide to go up, and if there is no risk involved, just let her go.
though i must admit, i do get itchy fingers when im over the 500 pip mark… lol
Pips profit total for the week is 796 from Sunday night until NOW.
I am holding two shorts now, Looking to get long in the dips.
Looking to add shorts higher.
ALL IS WELL! on target to hit goal of 5000 pips this week.
It sure doesn’tlook like or indicate we have hit bottom yet.
And as such I am still sitting with only 2 shorts ATM with smaller TPs than 100.
If I get up any good amount of pips on either I will add a TS to lock in profits.
on a short from 146.65. Still have my other two shorts which I will try to be patient with, but I am far from finished pipping her to the short side and for now I still have no longs. I think 146 is very toppy. She would impress me if she broke 147.
Next short selling @ 147.80 would be nice if she spiked up there to get me and take me south somewhere warmer for the winter!
pip profit totals for the week up to 815 pips
Everything is going according to plan.
But now I do them in my mind and take everything and zoom on into the moment, and often dont step back to see the bigger picture.
I am a scalper, sad to say and scalp her 24/6.
And I have the original fib code that he used, I just have to find it again.
The DNA code sequence of creation concerns me more than those silly fibs as of late, Fib he had something and I have all his sources here somewhere written, I don’t even know if fib had the DNA code I speak of and those who I have share dit with were purely ignorant as to what I just gave them, but it is just as well as this is not something that should be shared with those who are of little faith and who are not to the place in their current life situaton where they need to be. I just cannot wait for those bigger TFS to pan out.
If I canget her for 30 pips and pip her all day and night it will come out for me. 185 pips to go to reach my daily goeal of 1000 pips per day tp reach the weekly goal of 5000 pips/week.
I need to start doing that multiple lot thing, instead of this TS thing to lock in profits on one because once it sqrs for a profit I have no actve trades in the current price range.
I am a day and night trader I trade all day and all night. I dont like to b/e
I like to get at least a few pips like I did earlier when I sqrd them shorts earlier after you had me worried she may only come back to 141 not 139, often I am off by a few hundred pips and even more often I am within 10 pips, as I know guppy often acts the waqy she does in an attempt to squeeze the trigger on my emotions. SOme day I want to learn how to let my trades run and get away from this need for immediTE GRATIFICtion and needing to lock in profits when I think she is reverseing on me even ST.
I stick to the 15M as of late and watch the candle actively. I used to like the 6M the 3M and 2M, for a bit I traded the 1M but that makes me crazy, and my uncle does that 100 tick chart which makes sense but I may need a 500 or 1000 tick chart I dunno.
Ah thats the beauty of trading, everyone is different and has a different approach. I know you will make alot of trades with small trade sizes, are you still using no s/l? in the spirit of your original trade technique?
Its my opinion we are consolidating here before another push up through 147, i added another long at 145.5 - half off at 146 and set to b/e