Guppy Trades

[pabovi]

I'm almost entirely trading GBP/JPY (Guppy).

I've a live commerce.

Long @227
SL 50
TP 125

Anyone wants to ride ?
https://www.cliqforex.com/attachments/1528672144.jpg

[pabovi]

I was up 60 pips, but suddenly dived down (was not within my PC for some time ). Strike my SL

Now, I am short at 226.5
TP/SL 50

[oxrtimb23]

That you go 20Pips. .SL taken and booked a loss on the trade..did you too?

[pabovi]

Are you trading reside? GBP/JPY has strong volatility, so I suggest you go demo .

I've my own egy concerning this pair. Also integrating Nicotina system, will give you.

BTW, my name is not Guppy -- it's the nickname of GBP/JPY.


Hello,

I'm new to trading and woud love when we can share our thoughts on the movement of different pairs. For instance, regarding this specific trade, why is it that you feel the pair is going to appear and is there any thought process for setting the SL and TP amounts?
BTW I just started a long position, since a pin bar formed earlier today close to the weekly assistance of 226.50 and the price has bounced off those amounts. For me personally the SL is at 226.50 level which is the downward support level. I really don't hvae a TP level.

[oxrtimb23]

I had been up 60 pips, but suddenly dived down (was not within my PC for a while). Strike my SL

Now, I'm short at 226.5
TP/SL 50 What????
Don't you have casino's around where you reside. . .trust me..that is more enjoyable than this?

[pabovi]

16

[oxrtimb23]

16 Does Not matter.. .even a coin toss will probably come out Heads 50 percent of the times...
I thought you could help me enhance my thought process...

[pabovi]

TP Hit

Limit order @ 226.10 (Brief )

current price 225.98

[pabovi]

Heikin I bearish.
- 50 pips
50 pips

[pabovi]

UK PRESS: The outlook for the UK jobs market is the worst for a decade together with unemployment and redunies anticipated to increase in the wake of the global credit astrophe, based on research by a top employment organisation.

--
Waiting for another Chance to short

[pabovi]

5 interval EMA and 10 interval EMA, widening longer -- producing an obtuse bearish angle. RSI 35.54; MACD disadvantage; Heikin I will be bearish without upper darkness.

Go brief!
https://www.cliqforex.com/attachments/1528672145.jpg

[pabovi]

Another reason to be bearish at GBP.

Union Strike in British airports

http://afp.google.com/article/ALeqM5j1fT-DGM7CxiGz7tgpmNJgqXs7aA

[pabovi]

Short @225.50 hit

[pabovi]

20 pips now

[pabovi]

30 pips

[oxrtimb23]

30 pips Congratulations my Friend!! I am happy that the transaction worked for you. My trading style is significantly different than yours as I can't continuously track my trades like you can. So I just booked a reduction. I will continue to try to find some decent setups on 4hr/1day charts and have a position.

[Cerio38]

hey 20 pips

I will ride with you next time.

I was just about to start my own gbpjpy thread when I found this.

Here is a trade I was just in.

I left shortly following the screen shot as price closed above the red line at the bottom.

Gbpjpy 15m
entry at the start of the bar marked with arrow. Closed out at 110 pips
https://www.cliqforex.com/attachments/15286721522128923933.jpg

[pabovi]

Hey, that was a trade. I believed Yen would benefit in the long term due to Pakistan unrest.

Let us trade next time.


hey 20 pips

I will ride with you next time.

I was just about to begin my own gbpjpy thread when I discovered this.

Here's a commerce I was only in.

I left shortly following the screen shot as price closed over the red line on the bottom.

Gbpjpy 15m
entry in the start of the pub marked with arrow. Closed out in 110 pips

[pabovi]

Thanks


Congratulations my Buddy!!I am happy that the transaction worked for you. My trading style is significantly different than yours since I can't continuously track my trades like you can. So I only booked a reduction. I will continue to look for some decent setups on 4hr/1day charts and take a position.

[Cerio38]

Hey, that was a great trade. I believed Yen would benefit in the long run due to Pakistan unrest.

Let's trade next time. Yea guy

I don't really pay attention to fundamentals...I peek at the calendar once a day.

Nevertheless, I think the yen will appreciate against the majors for 2 reasons:

1. Risk aversion - sub prime emergency is still in the process of being cared for.
2. Carry trade will not resume until #1 is finished...I would state mid-2008

I still remember the time when you can just dump 10 full lots on gbpjpy, and watch it go up day after day after day...

[pabovi]

I would say, Yen remains a risk-free currency, bothering times like this with Pakistani nuclear heads and most importantly -- everybody will eye . However, to a certain stage, oil would be impacted.

I'm quite comfortable going long on guppy, largely due to carry trade (but I would say I'm still a daytrader).

So how many lots would you usually exchange? Don't answer if you are uncomfortable. ; )

Perhaps you have heard of Nicotina?


yea man

I do not really focus on fundamentals...I peek at the calendar once a day.

However, I think that the yen will appreciate against the majors for 2 reasons:

1. Risk aversion - sub-par emergency remains in the process of being cared for.
2. Carry trade won't restart until #1 is over...I'd say mid-2008

I remember the days when you're able to just ditch 10 complete lots on gbpjpy, and watch it go up day after day after day...

[Cerio38]

Id remember trying that. But I'm just so used to trading my methods that I stopped it after a few days.

Dimension of my orders? Depends on the stop loss

I use this formula

(account equilibrium x % risk)/SL x 10,000 units...I believe it is it...I programmed it into glow and now I can't remember how it goes.

I keep risk between 1 - 5%

so ya....my standing size varies quite a bit.

[pabovi]

I'm curious to learn about your formulation, but nevermind if you can not recall. I'm getting the hang of it today, although the toughest to master at the outset for me was trade discipline.

It is just amazing how I look at charts right now = GBP/USD and Guppy. GBP/USD is peaking because of weak USD (probably from Pakistan problem) and GBP/USD tanking down (? strong Yen).

Still, we've got to look at the technicals.



ya, i remember trying that. But I'm just so utilized to trading my methods that I stopped it after a couple of days.

Dimension of my orders? Is based on the stop loss

I use this formula

(account balance x percent risk)/SL x 10,000 units...I think this is it...I programmed it into excel and now I can not recall how it goes.

I keep risk between 1 - 5%

so ya....my standing size varies quite a bit.

[pabovi]

There you go. Are you currently able to short this? Very downward tendency that is excellent. I was in the office when guppy dived.


yea man

I don't really focus on fundamentals...I glance at the calendar once a day.

Nevertheless, I think the yen will appreciate against the majors for two reasons:

1. Risk aversion - prime crisis is in the process of being cared for.
2. Carry trade will not resume till #1 is over...I would say mid-2008

I still remember the days when you're able to just dump 10 complete lots on gbpjpy, and watch it go up day after day after day... https://www.cliqforex.com/attachments/1528672158.jpg

[Cerio38]

nah, I stayed up the night before, I was tired, so I chose to head to sleep once I closed my position

but this is what I might have done even if I had been to exchange....

Recap:
I exited my first position at point a because:
1. Price broke above the trendline I brought....which, because I cannot seem to replie it today, must have been a dodgy and most likely incorrect one.
2. Price closed back above the blue ma the pub after, I might have exited there if I had not the pub before.

Then, I drew an up trendline using the 9:15 pub (it's the blue pin bar in my chart)
working with this trendline, I might have observed the bars hoping to break back above, but did not (shaded area ). I would have starting looking for another chance to brief it.

This chance would come in the pub marked using the green arrow (or the one before). Reasons:
1. Price retreated from the red upward trendline, and
2. Large bearish pub, shut below blue trendline (along with the ma, but the ma's not that important, I use it as an excess confirmation)

stop loss would be set in 226.10

today, exit:
since it's friday, I might have exited in the pub marked b because:
1. Pin pub before
2. bullish....engulfing? Can't recall the name of the pattern, but big bullish pub following a pin....usually a change.

So, that trade would have return 60 pips after spread and slippage.

not too shabby. . .but then again...I did not execute, so all this talk is just talk

W
https://www.cliqforex.com/attachments/15286721702110445.jpg

[pabovi]

Bullish piercing pattern.

I was on it until I go to work, but that time I was riding on a reduction (that transient bullishness at 4-8 am), so I needed to adjust and be very stingy with my profit at just 20 pips, I moved to work. TP was struck and proceeded to tank while I am at work. I am imagining I could have made more if I was in the home, but yeah, everyone's smart after the reality (that your 60 pip TP is very attainable though).

On second thought, the bearish candles (or pubs ) have large shadows/wicks, that could have scared me and exited also (though it actually was a sterile downtrend based on Heikin I).

I like your trendlines btw.


nah, I stayed up the night before, I was exhausted, so I chose to go to sleep after I closed my place

but this is exactly what I might have done even if I were to exchange....

Recap:
I exited my initial position at stage a because:
1. Price broke above the trendline I brought....which, since I cannot appear to replie it now, have to have been a dodgy and most likely incorrect one.
2. Price closed back over the blue ma the bar after, I might have exited there when I hadn't the bar before.

After that, I drew an up trendline using the 9:15 bar (it is the blue pin bar in my chart)
working with this trendline, I might have observed the pubs trying to break back over, but didn't (shaded region). I might have starting looking for a different opportunity to short it.

This opportunity would come at the bar marked using the green arrow (or even the one before). Reasons:
1. Price retreated from the red upward trendline, and
2. Large bearish bar, shut beneath blue trendline (and the ma, but the ma's not that important, I use it like an extra confirmation)

stop loss could be put at 226.10

now, exit:
as it is friday, I might have exited at the bar marked b because:
1. Pin bar before
2. bullish....engulfing? Can't remember the name of the pattern, but large bullish bar following a pin....usually a reversal.

Sothat commerce would have return 60 pips after spread and slippage.

not too shabby. . .but then again...I didn't implement, so all this discussion is just talk

W

[Cerio38]

thanks man.

I used to exchange exclusively with heiken ashi. However, now that I'm starting a hedge fund, I think investors could be sketched out if I told them I use some lagging indior to float their millions....

Therefore why I'm attempting to phase out indiors and use price action.

[pabovi]

Wow, it must be a fascinating feeling trading other investor's cash.


thanks man.

I used to trade solely with heiken ashi. But now that I am starting a hedge fund, I think investors would be sketched out if I told them I use any lagging indior to float their millions....

Hence why I am attempting to phase out indiors and utilize price action.

[Cerio38]

We'll see

have not begun yet. Still working out the things with the attorneys

[oxrtimb23]

I'm interested to know about your formula, but nevermind if you can't remember. 20pips. . .This is how you'd do it. .
AccountBalance*(RiskPercentage/100)/(SL*PIPValue)=Lotsize
PIPValue = worth of a single pip in deposit currency for a single lot of base currency.
Sl = No of Pips that your SL is off from you entry price.

[Cerio38]

this is appropriate now

watch out for a rest either way
https://www.cliqforex.com/attachments/1528672171253747661.jpg

[Cerio38]

the commerce thus far

I entered ancient, since heiken ashi turned bullish...I hope my ha's

stop loss in 223.05

today, we just await the correction, and then manually track the sl to just below the fold reduced.
https://www.cliqforex.com/attachments/15286721731630773771.jpg

[Cerio38]

Stop adjusted to 224.20, only below the double bar low (on 15m)

[pabovi]

Thank You for this.


. . .This is the way. .
AccountBalance*(RiskPercentage/100)/(SL*PIPValue)=Lotsize
PIPValue = value of one pip in deposit currency for one lot of base currency.
Sl = No of Pips your SL is away from you entry price.

[pabovi]

Nearly 300 pips should you brief Guppy during NFP day. USD/JPY roughly 150 pips. GBP/USD is quite hesitant if it needs to go short or long, probably due to earlier fantastic data in the British, and then, a potential reduction in rate this month.

[Saravikinga]

Apart from a moving average what additional indiors are using?

[pabovi]

Heikin I, MACD, Sometimes RSI, Fib. Most important is Support and Resistance.

Price is still the very best indior.

[oxrtimb23]

I am almost exclusively trading GBP/JPY (Guppy).

I have a live trade.

Long @227
SL 50
TP 125

Anyone wants to ride with me? Hello,

I am new to trading and woud love if we could share our thoughts on the movement of different pairs. For example, regarding this specific trade, why is it that you feel the pair will go up and is there any thought process for setting the SL and TP amounts?
BTW I simply opened a long position, since a trap pub formed earlier today close to the weekly assistance of 226.50 and the price has bounced off these amounts. For me personally the SL is at 226.50 degree which is the downward support degree. I don't hvae a TP degree at this pont.