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Dragon Riders GBP/JPY

  • #25,701
  • Jul 19, 2017 9:54pm Jul 19, 2017 9:54pm
Any idea when this new out of Japan is going to be released?
  • #25,702
  • Jul 19, 2017 10:01pm Jul 19, 2017 10:01pm
Quoting mattheweston
Isn't that why he IS THE Dragon?
Hahahahaha, yes.
  • #25,703
  • Jul 19, 2017 10:13pm Jul 19, 2017 10:13pm
Hah! Surging North as of now. Staying out until confirmation.
  • #25,704
  • Jul 19, 2017 10:17pm Jul 19, 2017 10:17pm
Quoting FxLapozi
Hah! Surging North as of now. Staying out until confirmation.
Yep, Soros is up to something I guess...
  • #25,705
  • Jul 19, 2017 10:22pm Jul 19, 2017 10:22pm
Noticed what I thought to be a falling wedge and went long...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 19 KB
  • #25,706
  • Jul 19, 2017 10:26pm Jul 19, 2017 10:26pm
Joke aside, most probable scenario for GBP/JPY, as far as day trading is concerned : up to 146.20 or so (London session probably) and then down for the rest of the day.
  • #25,707
  • Jul 19, 2017 10:38pm Jul 19, 2017 10:38pm
Quoting mattheweston
Noticed what I thought to be a falling wedge and went long... {image}
It would be nice if you could see the time frame and...the name of the currency pair on the chart (we could of course assume it's the Dragon).
  • #25,708
  • Jul 19, 2017 10:39pm Jul 19, 2017 10:39pm
still hold my short position....for GJ
  • #25,709
  • Jul 19, 2017 10:42pm Jul 19, 2017 10:42pm
sorry...still learning. =)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 36 KB
  • #25,710
  • Jul 19, 2017 10:42pm Jul 19, 2017 10:42pm
Quoting Mr.yen
still hold my short position....for GJ
From what price and what stop, Mr Yen?
  • #25,711
  • Jul 19, 2017 10:51pm Jul 19, 2017 10:51pm
That old 146.07 from long ago.........give it 146.20 says my bud in Paris......trying to hold this sell for 144.30/60
  • #25,712
  • Jul 19, 2017 10:53pm Jul 19, 2017 10:53pm
Quoting mattheweston
sorry...still learning. =) {image}
No problem.

This is hardly a falling wedge pattern if you ask me, but hey, anything is possible.
  • #25,713
  • Jul 19, 2017 10:56pm Jul 19, 2017 10:56pm
Quoting Mr Breakout
{quote} From what price and what stop, Mr Yen?
145.3xx and no stop loss ....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.png Size: 83 KB
  • #25,714
  • Jul 19, 2017 11:00pm Jul 19, 2017 11:00pm
Quoting Mr.yen
{quote} 145.3xx and no stop loss .... {image}
Might be back to 147.7xx
  • #25,715
  • Jul 19, 2017 11:01pm Jul 19, 2017 11:01pm
Quoting Mr.yen
{quote} 145.3xx and no stop loss .... {image}
No stop loss ??

So if, for whatever reason, the Dragon gaps 1000 pips against your position you lose 1000 pips, and possibly your entire trading account (assuming you are protected against negative balance) just like that, right?
  • #25,716
  • Jul 19, 2017 11:03pm Jul 19, 2017 11:03pm
Buyer is having a hard time pushing it further north. My guess is that this will stay until LO. Been scalping here and there with tight SL in 1M. The price reaction has been fairly predictable at this instance.
  • #25,717
  • Jul 19, 2017 11:03pm Jul 19, 2017 11:03pm
Quoting Mr Breakout
{quote} No stop loss ?? So if, for whatever reason, the Dragon gaps 1000 pips against your position you lose 1000 pips, just like that, right?
That's right .. if loss means more bad luck
  • #25,718
  • Jul 19, 2017 11:06pm Jul 19, 2017 11:06pm
I will wait at the point of resistance to increase my sell position ... and every one there will profit I close. So onwards
  • #25,719
  • Jul 19, 2017 11:06pm Jul 19, 2017 11:06pm
Quoting Mr Breakout
{quote} No problem. This is hardly a falling wedge pattern if you ask me, but hey, anything is possible.
I'm still learning, so you may be right.
  • #25,720
  • Jul 19, 2017 11:08pm Jul 19, 2017 11:08pm
Quoting Mr.yen
{quote} That's right .. if loss means more bad luck
You are da man!
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