the real question is do you and halfpip have the same hairdo where you can barely tell the difference between you two? 
Weāre off on a tangent again.
He does look a lot like me. My wife gets mad when I call him Minime.
GO GUPPY GO!!!
GO GUPPY GO!!!
GO GUPPY GO!!!
psstā¦ that is not a trade call above, just a simple cheer.
OK, I come in here looking for some succinct & elucidating information on the G-Y and find a discussion of a babyās hairdo!
And a proposal to start a Guppy cheerleader squad ā¦
That last might not be a bad idea ā¦ little green mini-skirts, pom-pomsā¦ acrobatic dancingā¦ If it would help move Guppy faster than she is moving today, Iām all for it.
Today is like watching paint dry. What happened to the spectacular 500 pip moves in 10 hours?? She needs to hurry up and tag 211 so she can either do a momentum breakout from there, or a really deep retracement so we can have fun buying all the way up again.
In my demo account, it is just another day, another $4k cashed out from her rolling glide from 208.50 to 209.90 ā¦ but really Gup, you can do better. I want to make more money faster
I want to make more money faster
Last words spoken before an account blowout.
Why do I always get punished if I short??? Is there really something to ānever short the Guppy, sheāll take great advantage of you and you will lose your shirt.ā
I put in a short at 209.30, and another at 208.80 or soā¦both triggered, and both are losing now. So last night I bought longā¦and lit a candle, and some incense, and in prayer I apologized for losing the faith (laying prostrate on the floor in front of the candle and incense.)
Canāt we EVER go short?? I mean, this thing WILL dip down at some point, wonāt it? Donāt we all WANT it to??
This pair kills meā¦how fickle. 
Maybe I should take all the signs down with 211 written on them around my houseā¦conflicting intentions.
Todd
YAY FOR GUPPY CHEERLEADERS!!! Although iām not quite sure i wanna see mytwopips in a skirtā¦
Hehehe:D
Iām short again with two orders. Both in the red at the moment.
I figured why I am waiting for her to get cheap again, why not make some money while she gets there.
So far it has been working. I am basically just just turning this strategy on itās head while waiting for some longs to trigger. The downside is the negative swap.
Elijah must be making some service calls or working his farm. He has been quite today.
While the catās away, the mice will play.
OK, so it is Mouseketeer confession time ā¦ I got short last night and rode down about 80 pips but could have had more except I felt guilty and closed too soon :eek:
I try to short only at the very tippy tops
FORGIVE Me Guppy ā¦ it is not disrespect, but ya gotta dip sometime to rise again!!
At least you are out of your shortsā¦right? I am still big time in the red as this keeps rising. I had one buy I cashed out of, into another right now, but worried we will start plowing down again.
It seems a bit quiet out thereā¦didnāt hear from too many folks today.
Yes I closed all shorts and went long around 207.50ā¦ finally getting some love now.
It sounds like you are doing what I used to do (not that long ago!) and what I have to remind myself every day NOT to do. Donāt stay in a losing trade!!
Why ride a trade down? Set a mental stop (or a real one) get out and get back in at a better priceā¦ in forex you can jump in & out as often as you like, you only pay the spread ā¦ so why go deep into the negative?
I did it all the time in April & May ā¦ it was only my rapidly decreasing account balance that finally convinced me I have to quit doing that ā¦ or quit forex!
Since I would probably run around picking pockets if I had to to feed my forex habit, I figured the best thing is to learn NOT to ride down a losing trade!!
Iām getting better now 
ā¦ it is still a struggle because once I am in a trade I start finding all sorts of justifications to stay there. But Iām learning instead to do the opposite: once in a trade I try to look for reasons NOT to be there ā¦ and if I find one, I get out.
Time is also a factor now ā¦ if a trade languishes, I mentally tighten my stops as time goes on so as not to keep money tied up in something that is not ready to move yet.
It is fear of loss that keeps you in a trade ā¦ at least for me it was fear that the pair would suddenly move on without me and I would miss out. Now Iāve learned to say āso what?ā There is always another trade ā¦ if I keep missing them, maybe my entries are wrong and I need to work on that ā¦ but at least I preserve capital until I figure it out
Out all longs for now.
It is ironic that this is your experienceā¦as I have pretty much the opposite experience. I went a year and a half trading very conventionally, setting nice clean stop losses and always getting out of losing trades. I made very little, and most of the time ended up with losing weeks. It wasnāt until I started staying in for the long term and letting my trades breathe that I started making money.
I do not hold forever, and I only hold if there is a reason, i.e. if a trend is not broken etc. But generally if I hold, and things go really south on me, eventually it comes backā¦of course this is dependent on the pair.
I have brought a 100k account up to 700k in five months trading this way. To each his own I guess. I actually would LIKE to trade the way you tradeā¦I have made great effort to work some sort of discipline to let go of losers when they linger on, but I still find when I do that I should have stayed the course (I keep track of my losses that I give up to see if they turn around and when.) I do find that my account gets bogged down with so many losers though, and I donāt like that but I have a hard time changing what has finally worked well for me. Maybe we are splitting hairs here and what you are talking about is different than what I doā¦who knows.
I AM trying to refine my system, and one of those refinements is to get out of losers more often than I do. I certainly do not think there is anything wrong with cutting loses. The bad thing about my method is I am usually carrying a pretty huge draw down. I also never know if I am going to get bit big time at any moment! But I seem to be doing alrightā¦I keep tight reins on it most of the timeā¦
Thanks for sharing. Nowā¦regarding the guppy and this method!! This must drive you nuts if you are doing it according to Elijahās rulesā¦holding all those longs for hundreds of pips!! Wowā¦!!!
Soā¦according to your recent post about letting go of losersā¦would you, if you were me, close a 50 pip loserā¦a guppy buy bought at 210.54 now at 50 pips loss?
Just curiousā¦considering this method, we should think it will hit 210.54 again and I should sit back and collect interestā¦
What would you do here?
Thanks!
Well since you wrote that you had another chance to get out when it just retraced to 210.19. I probably would have used that bounce to get out only because she looks so weak now and although she will certainly go past 210.50again ā¦ the question (as Andrew says often) is ā¦ when?
A lot depends on what you can afford to do ā¦ if you have just one position at 210.50 and you can afford to hold it for weeks if necessary, even if Guppy retraces to 195 or below ā¦ well I guess thatās what ram calls a āloss leaderā.
But I see no reason to drain down account value riding a cycle down just because you know that ā¦ at some point ā¦ it will come back up again. Yes you collect interest, but IMO not enough to make it worthwhile ā¦ I could put the funds to better use collecting pips somewhere else than collecting interest.
Donāt get me wrong, I LIKE the idea of being long the gup 90% of the time ā¦ and in my demo account with $500k (now $580k!) play money in it, I only go long ā¦ to test and see how this works ā¦ and you can see being up 80k in 2 weeks, it is working great! But in that account, first of all no emotion is attached, it is pure experimentation and secondly there are enough funds there to ride huge drawdowns if necessary. The equivalent would be trading a $5k micro account or a $50k mini account.
Iām just concerned because you blew out one account (and I almost did too) and Rule #1 in trading is: Donāt Lose Money. Rule #2 is: See Rule #1!!
Thereās a big difference between leaving one trade on as a āloss leaderā when you can easily afford to watch it go down 1000 pips if necessary ā¦ and draining an account down to the point where you have to pour a bunch of money back into it. If we are talking micro accounts and they need to be topped up $300, then no problem of course. If a real acct has to be topped up $30k for me that is a problem, even if I am a millionaireā¦
It means something is very wrong with how I am trading.
And what we are doing here is still highly experimental ā¦ in theory the idea is good ā¦ ingenius even ā¦ but we still need to work the kinks out. For me a big kink would be holding several losing trades and watching them drain my account value ā¦ why do that???
Sure doesnāt seem to be moving very much todayā¦ I think sheās mad that Elijah hasnāt been around to talk about her. Does this make her high maintenance?
Oh sheās high maintenance all rightā¦! Seems to be heading lower now though, breaking the 209.70 was important ā¦ if the correction can continue the next run up will be even stronger IMO.
Sorry ā¦ I didnāt see this longer post when I replied to the other one.
Well there is another good rule: [I]If it aināt broke, donāt fix it![/I]
The ultimate test is growth of the account & if yours is growing, even with an occasional setback, then donāt change a thing!!
You had mentioned earlier blowing out a 60k account and that concerned me but it is all proportionate ā¦ if you had $640k left, then why worry? For me that might be like losing $60 and I certainly donāt lose sleep over that
I can easily parlay a large (demo) account into a larger one ā¦ I am trying to figure out how to do the same with a very very small (real) account & I see it all comes down to proportions. One experienced trader told me, [I]if you are [B]worrying[/B] about your (active) trade losing money, you have too much money in the trade. [/I]
So I am working with a micro account and while it is not exciting gaining $10, even $20 at a time ā¦ the losses donāt hurt either!
I figure ramās system, correctly applied to my situation, is my best hope to grow this small account ā¦ in fact he is working with a new $600 opening balance micro account to prove this very point.
My demo account is like your real account & there, as I said, Iāve made $80k in 2 weeks. That should be the equivalent of $160 in a $1k micro account and that is about right ā¦ a little less just because there is no emotion attached to the demo so I can trade as ārecklesslyā as I want, proving to myself that this system is like a little rolling ATM as long as the losses remain inconsequential both in your mind & in your account.
Hi guys,
If you are worried about 50 pip stops on g/j, then you are trading way to much for this strategy. 50 pips on this pair is nothing. For example I only place orders every 50 pips.
I donāt know the exact numbers but I believe my two shorts and Toddās were around the same place. I closed both in small profit because I could care less what they were doing.
Now I wish she would get cheap again because I feel like a cheap sob for putting shorts against her to begin with.
Whereās Elijah?
I didnāt make myself clear, sorry. My demo account has the $700k balance. My real account is much smaller, around $70,000 built up from $50,000 over the last few weeks. I DID blow a real accountā¦$50,000 (it was actually higher than that, but I didnāt lose the whole thing either.) It was using this method that it got blown, but as I have said before, in defense of this system, I was not following the rules precisely.
I do not play this method on my real account. I do trade the guppy thoughā¦but not using this strategy. And I do hold losers for too long!
BTWā¦I just tried to close my long guppy tradeā¦and instead closed one of my sells!!! DRAT!!! So I still had to close the buy, and really mess up my account. This is in my real account, so before waking up fully this morning I threw away $1,000. Jeesh.