GBP/JPY Equity Building Profitable trading strategies

and took two shorts from 137.92, see what happens, I will be happy with 50 pips for each. I can’t see any major move going now

I look at it as 130 is achievable and is most likely to happen at the end of the month. If this already has been called a recession, central banks are standing with their backs to the wall, money is being pured in. Of course central banks can intervene but what would that change in a long term ?
So far so much valueless paper has been printed, with a speculation bubble which already burst in property market, with a high LIBOR and banks hording cash, with consumer still in debt and facing a redudancy, with banks not passing through the rates to the consumer it MUST be some more leg down.
So far all retracements have been on average around 42%, gold fibonacci level never has been breached, but I still think we can get some leg lower.

BUt what does this mean?

[B]“You will find the key to success under the alarm clock.”[/B]

Benjamin Franklin

What is under the alarm clock?

P.S. a bot would not make as many typos as I do
AND I call that a NIGHTSTAND

those who study torah after midnight are the righteous who literally uphold the world and withou tthem God would not have mercy on the rest of the world, all that us required is ONE righteous Man, BE the MAN!

80+ something pip range in Guppy in the last 4 hrs of London?
What’s going on here ??? :eek:
I better go and have some rest, I don’t care about her silly bags of tricks.
I’m getting sick and tired now.

I actually chuckled! Your incomprehension of Benjamin Fraklin quote and what you say later…

You set your alarm clock to do your work at the APPROPRIATE hour in the day. Not hiding behind some excuse such as to stay up late study the word of God…

Those who go to their sleep at the appropriate hour and rise up at the appropriate hour to carry out their daily responsibilities… and those, who after carrying out their responsibilities, apportion the time to be with God… are the righteous, who prepare the food for the fools who stay up late in delirious states reciting words they don’t even understand anymore.

I added Q’s mt4 indicators and ausc. template
I find only a small value in the gann hi/lo the momentum I already used,
so I aaded that one but with a 5 bar instead of 10 I also added that 3 line
QQE which is very useful LT I guess but I again find small value in those.

My major reliance in on the candles in the 15M which is the lowest TF I use these days despite my uncles use of now the 100 tick, which is tick based not time, also I heavily rely on the williams R with a 5 bar.

Guppy ate my $250 from Mondays open in london, before the sun rose here she ate all of my longs, good thing my broker is my stop loss :slight_smile:

Of course in my demo I am eating her up as I am not limited to a measly $250.
with $250 I played way too many .01 lots each hundred she went down was $10 multiply that by quite a few lots and needless to say before she hit bottom my broker sold the last one.

forex.com is awesome though on mt4, they dont sell you out all at once!
very generous!!! I could have survived but guppy figured I owed her some money still :frowning: BIZSNATCH*(#&$(*#@$^&#
oh well another $250 to guppy I have $7 left.

Guppy taught me another lesson which I alreADY KNEW, for which she already taught me many times,
never get too many too high and never underestimate the fury of her downward movement.

I was however able to help my dad and uncle as I emailed them at 809AM
Monday and told them the dow was going to tank Monday 500 points!
they thanked me after the day was done.
And I was wrong she tanked 680! heh

My dad called me at 2pm and said where is this 500 points down?
I wasnt watching then but driving, I said how much is it down now he said 400, I laughed and said its 2pm watch dow tank further heading into close.
Needless to say dow tanked another 280 points after 2pm into the close.

For today it is just the demo and I have some work to do outside of guppy.
Too bad I dont have any extra money to give to guppy as in this range it is a scalpers paradiase.

Smartly manage your margin, it is hard to gauge margin when you only have a $250 account, I could have lived and won if I had only followed my own advice.

Often we are our worst critics and too hard on ourselves.

Thanks for laughing. I dont use an alarm clock they are bad for your health.

Your bitterness compels me further. I dont stay up late. I go to bed early.
I get up early. I dont hide behind anything like yourself. I share you hoard
and belittle with your pathetic poorly thought out critques. Yes often I am here sometimes half asleep. You fool, God is your #1 priority! The world was created for sacrafices.

I Now realize you understand far less that what I imagined before.

Keep reading the thread and I hope one day your bitterness will turn to love and unselfish sharing. And keep reading, I know you love me,
why else would you continue to read? Or are you hoping to one day learn something here, once you put you ego aside and get a grip on the true reality.

We are all one even You and I.

Everything is opposite of what it appears.

Without you I would not be, Thanks for participating we miss your candid astute commentary!

for the period of LESS than 2 weeks so the goal for this week has already been exceeded.

and obviously $250 is no where near enough to trade the guppy even in microlots with her wild range.

she is ready to retrace down some/.

100 point TS set assuring profit.

and thats on my demo account. The trick for me is trade the demo account as IF it were real money.

Trouble is the demo account has tons of money and the live account had $250.

of course if you got short with me at 140.60 you are doing well.
As I closed mine for meager pips.

get a long :slight_smile:

not much of a retrace as I expected. I am long at 139.40 she is playing that line closely ATM.

heading up on the WR (williams %R) and momentum is heading up,
watch closely for a momentum breakout north.

[B]“Thought is action in rehearsal.”[/B]

Sigmund Freud

Hey Mate, I’ve noticed that you are quite experienced and has been looking at the babypips forum for some time:rolleyes::smiley:

Anyway, I would love to hear from you about your trading ideas, about the Guppy or other pairs as well, about your technique an so on.
If you could focus on this issue rather than analysing somebody’s else you could bring something relevant to the forum. If you have nothing more relevant then this post we will still tolerate your presence here until you decide to get rude or childish.
Cheers!

Small long for myself at 139.6, took half off at 140.10, see if she cant get up abit more.

Had a bit of luck with my earlier long from 137.6, didn’t expect to get up to the 140.8 level, so TP’ed At 139.80

Strange market, supposed to fall like a hammer, instead jumps up 300 pips…

Take the pips and run at the moment i think.

Rrram all respect to you, no need to exchange epithets, not worth.
I know this bloke has started his posting from personal remarks, give him a time to mature, he/she may need that.
Peace !
(there is enough war around us)