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GBP/JPY Scalpers

  • #61
  • Apr 14, 2012 10:11am Apr 14, 2012 10:11am
I am still looking for 135.00 before 126.55, but 127.65 seems certain at this point, which at that point I will add more longs, there is a northerly correction due.

And I am in the process of setting up another sub acct at my broker so I can play long and short, they dont allow hedging, previously I traded long and short (hedged in same mt4 acct) that gets very confusing as I normally have a large # of trades open and its hard to sort out.

Quoting Erebus
Look at this chart in conjunction with my previous posted chart, you can plainly see the PULLBACK (giving your long trades some HOPE) then a simple break of a trendline to continue the DOWN trend, do you concur?

Is this thread dead?

  • #62
  • Apr 14, 2012 7:19pm Apr 14, 2012 7:19pm
Quoting rmrf
I am still looking for 135.00 before 126.55, but 127.65 seems certain at this point, which at that point I will add more longs, there is a northerly correction due.

And I am in the process of setting up another sub acct at my broker so I can play long and short, they dont allow hedging, previously I traded long and short (hedged in same mt4 acct) that gets very confusing as I normally have a large # of trades open and its hard to sort out.
Go "Oanda"
You can add a new sub account in seconds.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #63
  • Apr 14, 2012 7:20pm Apr 14, 2012 7:20pm
Quoting KillerWhale
Go "Oanda"
You can add a new sub account in seconds.
And I think the number of sub-accounts is unlimited
New voice message: Why are you calling me? If I need you, I'll call you!
  • #64
  • Apr 14, 2012 7:54pm Apr 14, 2012 7:54pm
Quoting KillerWhale
And I think the number of sub-accounts is unlimited
And transfer of funds between sub-accounts are fast and smooth via web page. I simply love it
  • #65
  • Apr 14, 2012 8:22pm Apr 14, 2012 8:22pm
Quoting RisingSun
And transfer of funds between sub-accounts are fast and smooth via web page. I simply love it
Right, also a matter of seconds
New voice message: Why are you calling me? If I need you, I'll call you!
  • #66
  • Apr 14, 2012 8:22pm Apr 14, 2012 8:22pm
Quoting KillerWhale
Right, also a matter of seconds
And of course all free of any charge
New voice message: Why are you calling me? If I need you, I'll call you!
  • #67
  • Apr 14, 2012 8:23pm Apr 14, 2012 8:23pm
Quoting KillerWhale
And of course all free of any charge
  • #68
  • Apr 14, 2012 9:17pm Apr 14, 2012 9:17pm
Quoting RisingSun
New voice message: Why are you calling me? If I need you, I'll call you!
  • #69
  • Apr 16, 2012 10:19am Apr 16, 2012 10:19am
How's it going rmrf? -8,600 pips. I'm sure it's all going according to plan. I can't wait to see how you turn this colossal drawdown into a profit. Most people don't trade this way, but most people lose, so I will be interested to see the outcome of this If you can turn this into an equal profit for a 1:1 RR I will be very impressed.
  • #70
  • Apr 16, 2012 2:10pm Apr 16, 2012 2:10pm
I am gaining ground on the guppy and am hoping for 126.55. I grabbed a few longs down around 127.50. FF says I got 245 pips today but who knows, I am not keeping track anymore. I am all good though, really. I also added an ordr to grab a guppy long @ 106.111, I got $100 that says even the queen of england will go belly up before me.

After 126.55, I am looking for 135.00 @ which point all my longs will have sqr'd up and hit their targets. Should of had one short for the ride down. but oh well.

I did pick up 150 started chickens today for a song.

Quoting Roofx
How's it going rmrf? -8,600 pips. I'm sure it's all going according to plan. I can't wait to see how you turn this colossal drawdown into a profit. Most people don't trade this way, but most people lose, so I will be interested to see the outcome of this If you can turn this into an equal profit for a 1:1 RR I will be very impressed.
  • #71
  • Apr 16, 2012 2:11pm Apr 16, 2012 2:11pm
and FF says I am only down -4,523 all time since I had the trade explorer about 3 weeks now.

Oanda is based in the US? and leverage is max 50:1?
  • #72
  • Apr 16, 2012 2:22pm Apr 16, 2012 2:22pm
Quoting rmrf
I am gaining ground on the guppy and am hoping for 126.55. I grabbed a few longs down around 127.50. FF says I got 245 pips today but who knows, I am not keeping track anymore. I am all good though, really. I also added an ordr to grab a guppy long @ 106.111, I got $100 that says even the queen of england will go belly up before me.

After 126.55, I am looking for 135.00 @ which point all my longs will have sqr'd up and hit their targets. Should of had one short for the ride down. but oh well.

I did pick up 150 [url="http://furbelowfarms.com/html/chickens.html"]started...
I don't think its going to reach 126.55 I'm looking to buy at around 127.55 or better before Asia opens. Then were on our way up to wave 5 to 135 or better.
  • #73
  • Apr 17, 2012 1:38pm Apr 17, 2012 1:38pm
FF trade explorer claims I got today, Tuesday: a 9.6% gain on my account
as a result of gaining 2566 pips, and ST and MT trend are now lined up with the LT up trend.

Quoting Roofx
How's it going rmrf? -8,600 pips. I'm sure it's all going according to plan. I can't wait to see how you turn this colossal drawdown into a profit. Most people don't trade this way, but most people lose, so I will be interested to see the outcome of this If you can turn this into an equal profit for a 1:1 RR I will be very impressed.
  • #74
  • Apr 18, 2012 3:49am Apr 18, 2012 3:49am
not, better check that trade explorer now mr roof. focus on closed trades and banked pips like I said a week ago. My methods are very stress free. There are a few yawns. I closed my 129.65 too early, I did!
  • #75
  • Apr 18, 2012 4:11am Apr 18, 2012 4:11am
Quoting rmrf
not, better check that trade explorer now mr roof. focus on closed trades and banked pips like I said a week ago. My methods are very stress free. There are a few yawns. I closed my 129.65 too early, I did!
Humility goes a long way, if you look at your trades you bought at the high and got stuck with a bunch of loosing trades in the last two weeks. Still not impressed at your trading strategy. Your methods are not stress free your methods are very stressful. You're a scalper you should be in and out and not hold on to loosing trades for long, if you want to hold on to trades you should be a swing trader, hold on to hundreds of winning pips rather than hundreds of loosing pips.

This pair is going to retrace 200 pips so get ready to buy some more after the retrace.
  • #76
  • Apr 18, 2012 4:27am Apr 18, 2012 4:27am
I am not really a scalper I guess, only when I sit here. I have a 50% line at 130, I am going to laugh if that holds this morning. Wait til NY gets here and sees the move. And actually it is totally stress free for me.

The early bird (chicken) gets the worm. I've already entered orders to rebuy @ 129.65. Humility does go a long way really. but a high winning percentage actually goes a longer way. I've struggled with swing trading for 5 years at least. I like the idea of it and the money, but I guess it is too slow and boring for me.

Not that I need anything to do. I invest in grain and store it in the chicken, it is really novel.

I wish I could grow up and be a swing trader, I mean seriously I always wanted to be because in the past my wacked trading style didnt always pay off like it does these days. But seriously, watch my results as the months go by. I spend very little time actually watching the chart (price action), and 90% of my orders are entered as pending and with a TPT.

wish it was that easy! "if you want to hold on to trades you should be a swing trader, hold on to hundreds of winning pips rather than hundreds of loosing pips. ". I was never able to do this! I cant hold em UGH*#$&@#^$ when I am up up and away I gotta close them and bank the pips. I should change but its hard!

Quoting mrroboto
Humility goes a long way, if you look at your trades you bought at the high and got stuck with a bunch of loosing trades in the last two weeks. Still not impressed at your trading strategy. Your methods are not stress free your methods are very stressful. You're a scalper you should be in and out and not hold on to loosing trades for long, if you want to hold on to trades you should be a swing trader, hold on to hundreds of winning pips rather than hundreds of loosing pips.

This pair is going to retrace 200 pips so get ready to buy some more...
  • #77
  • Apr 18, 2012 4:55am Apr 18, 2012 4:55am
84.830 (30.5)
83.330 (119.5)
  • #78
  • Apr 18, 2012 6:12am Apr 18, 2012 6:12am
Ok we started working our way down, I moved my SL to 84.40 locking in 13 pips. TPT updated to 83.31, once we get near there IF the down trend is to continue I may move my TPT down and let the trailing stop ratchet down the SL locking in more pips as it moves down.

Quoting rmrf
84.830 (30.5)
83.330 (119.5)
  • #79
  • Apr 18, 2012 7:14am Apr 18, 2012 7:14am
looks bullish now should have flipped long maybe, looking to buy more guppy in the dips

Quoting rmrf
Ok we started working our way down, I moved my SL to 84.40 locking in 13 pips. TPT updated to 83.31, once we get near there IF the down trend is to continue I may move my TPT down and let the trailing stop ratchet down the SL locking in more pips as it moves down.
  • #80
  • Apr 18, 2012 7:29am Apr 18, 2012 7:29am
AUD/JPY SELL 84.44 Opened Short | 3 min ago

http://www.forexfactory.com/nfs/cust...tar67841_4.gif rmrf 0.0%MTM
1MTM
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