Cowboyfx live calls for free, get rich or go broke trying

Short GBP/JPY

1st entry 207.50 = 1 lot
2nd entry pending 208.50 = 2 Lot

Take profit 205.68

I was hoping one of you professionals would see the Gbp/Jpy going south. Thanks for the insight. Price is at 207.30 right now and I'm getting on the bus, though my target is a little shy of yours at 206.10.
Please give the new baby a pat on the cheek for me.....

Thanks again, Tom

I am no professional on GJ. I am taking cowboys trades on GBP/JPY..

I use low margin. that wont kill my account even with 9000 pip drawdown.
(10k would )

out of my short for 110 pip ..... canceled the pending order as well.

original TP achieved ! but was out much earlier.

No problem mate, you are doing very well with your simple and effective trading style.

I have found a holy Grail system using Fibonacci sequence.
Thanks to Holy Grail Thread

This system will make tons of cash for any cowboys out here !
Even January Crash Will still hold on and make tons of cash buying on top !

Today We Long GJ ...... man I have not long GJ for a long time

Here is the Rule, IF the second order is triggered, change TP of first order to second order TP and exit all position in same price, IF third order are triggered change 1st & 2nd order TP to 3rd order TP and so on

Money Management, USE 1 Mini lot for every 5000 Equity

Pending orders 1 lot 206.68 TP 208.12
Pending orders 1 lot 205.24 TP 207.57
Pending orders 2 lot 202.91 TP 206.68
Pending orders 3 lot 199.14 TP 205.24

errr.... you mean avaraging in or?

never mind.. now I get it you're avaraging in, getting huge swap and decrease the progression as you're increasing the tp

seems good but a little bit scary since you will be needing a huge retrace to close all positions

do u have a formula or an excel sheet for that syafi ?

Yes if you have 1400 pip Run with no 50% Retrace like it never failed to do then you will have a MarginCall err I mean Stop Loss

I dont like swap, because I like to short

interesting system.
can you elaborate it a little?

just simple trend following system by catching retracement on each Fib sequence

and then how do you figure out these ? for example 206.xx....

find the recent top from recent Rally ..

then start catching Retracement after
1 lot 1st entry - 377 pip
1 lot 2nd entry 377+144 pip
2 lot 3rd entry 377+144+233 pip
3 lot 4th entry 377+144+233+377 pip
you get 1530 pip straight move with no retracement before hit your SL .. rarely happens because price always move in wave.. it usually come to same retracement level.

Current Pending orders

Recent Rally High - 20901
1 lot 1st Pending Buy Limit 205.24 TP 206.68
1 lot 2nd Pending buy limit 203.80 TP 205.24
2 lot 3rd Pending Buy limit 201.47 TP 203.80
3 lot 4th pending Buy limit 19770 TP 201.47

i am a slow man.
can you show me a pic about it?

it seems like a gamble game. you firstly put 1 bid. it pissed you off. so you put 2 bid. and then 4 ..... i remembered when i was a little child i played such a game. it seemed if you have enough margin you'll win in the last.

in this case you played with fib sequence.

tripple interest day and the price goes down

better cancel all longs..... and look to re enter shorts

Shorts were good or 100 pip,

Starting the longs here as 1st entry and will add up as it moves against me .

good luck my friend