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Dragon Riders GBP/JPY

  • #24,821
  • Jun 26, 2017 1:02pm Jun 26, 2017 1:02pm
Quoting BabyDragon
Don't expect Dragon to go above 142.30
Well, it's already just 17 pips away from that level.

I believe GBP/JPY will at least try to break today's high during the Asian session or early London.

What's certain it that it was unable to break through today's low, which is a good sign for the (short-term) bulls
  • #24,822
  • Jun 26, 2017 1:19pm Jun 26, 2017 1:19pm
Quoting Mr Breakout
{quote} Well, it's already just 17 pips away from that level. ls
It has been trying to break that level all day. It has been 17 to 40 pips short of that level. But it has also been short the same pips from 141.80 as well. That's why it is range bound. If you want long you can take profit till 142.28 max. But no breakout in any direction expected. The market is consolidating a position before GBP's data tomorrow. You are just hoping for it to go up. It won't
  • #24,823
  • Jun 26, 2017 1:22pm Jun 26, 2017 1:22pm
Quoting BabyDragon
Draghi's speech will do nothing to pound. The market is range bound. The complete middle east is celebrating eid and there is no volume. Dont expect any big moves, and dont expect Dragon to go long either. Watch yen and pound. When one goes up the other comes down and vice versa. Rest you are more experienced. Plus, do not trade dragon on Wednesday the governors of BOE and BOJ are speaking at the exact time. However, I think on Wednesday if anyone is willing to take the risk they can go both long and shot with T/Ps in place and praying that both...
--- One thing I have learn from dragon, is his capability to surpise everybody. So, I trade his signals no matter how weak they seems. They can accelerate very fast from 0 to 100īs.
-- But if only give me 20 pips today, I will take them.

....
  • #24,824
  • Jun 26, 2017 1:23pm Jun 26, 2017 1:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: gj.PNG Size: 26 KB
The funniest, is that nobody takes me seriously.
  • #24,825
  • Jun 26, 2017 1:27pm Jun 26, 2017 1:27pm
Quoting BabyDragon
You are just hoping for it to go up. It won't
Take a look at the chart now, the 5-min for example...
  • #24,826
  • Jun 26, 2017 1:28pm Jun 26, 2017 1:28pm
Quoting bigboss
{quote} --- One thing I have learn from dragon, is his capability to surpise everybody. So, I trade his signals no matter how weak they seems. They can accelerate very fast from 0 to 100s. -- But if only give me 20 pips today, I will take them. ....
just like that 24 pips in few seconds
Just 20 pips a day to riches
  • #24,827
  • Jun 26, 2017 1:32pm Jun 26, 2017 1:32pm
Quoting Mr Breakout
I am long GBP/JPY at 142.00, 35 pip stop.
Keep going up you big bully!

Thought you could fool me twice, eh?

Now pay up!!
  • #24,828
  • Jun 26, 2017 1:59pm Jun 26, 2017 1:59pm
Quoting Mr Breakout
{quote} Keep going up you big bully! Thought you could fool me twice, eh? Now pay up!!
Boy you lucky! I'm still holding shorts tp 141.70 no damn pull back yet
I'll pick up the crumbs don't need the whole pie
  • #24,829
  • Jun 26, 2017 2:33pm Jun 26, 2017 2:33pm
Quoting Quickiepip
I'm still holding shorts tp 141.70 no damn pull back yet
Are you serious?

Go with the flow my friend, if you cannot beat them join them.

Position closed at 142.35, +35 pips, possible long re-entry later.
  • #24,830
  • Jun 26, 2017 2:43pm Jun 26, 2017 2:43pm
Quoting Mr Breakout
{quote} Take a look at the chart now, the 5-min for example...

Salutes. I was not expecting it. But yen broke out at the wrong time from 67 to 93.
  • #24,831
  • Jun 26, 2017 2:46pm Jun 26, 2017 2:46pm
Quoting BabyDragon
I was not expecting it.
That's the problem with unexpected events, they do happen.
Now let's see what the GBP/NZD is up to (NZD Trade Balance in 3 hours)...
  • #24,832
  • Jun 26, 2017 2:47pm Jun 26, 2017 2:47pm
Quoting Denden2012
I'll throw down my 0.02$ on the dragon. {image}
Working like a charm. Keep it up Mr. Dragon.
  • #24,833
  • Jun 26, 2017 2:47pm Jun 26, 2017 2:47pm
I m new in forex but I m doing lots of research and now as far I understand no one can beat the trend it will go where it have to, so try to being with trend not against it. And follow weekly and daily support and resistance not 5min please
  • #24,834
  • Jun 26, 2017 2:52pm Jun 26, 2017 2:52pm
Quoting Mastropiero
I cheated and hold over the weekend... I know its risky, but it worked out well {image}
Close position @ 142.270 (+1.121 pips)

still in my watchlist for this week
- If you plant corn, you get corn
  • #24,835
  • Edited 3:11pm Jun 26, 2017 3:01pm | Edited 3:11pm
Quoting Situhin
And follow weekly and daily support and resistance not 5 min please
You can make a perfectly good living with the 5-min charts only.

Not sure why some traders keep thinking that the daily or weekly charts will give them some kind of special advantage.

I could post hundreds of 5-min charts (without the price on the Y axis) and nobody would be able to tell if these charts are from 5-min charts or the monthly/weekly/daily charts.

Technical analysis will work on ANY time frame. Well almost, at the tick level it's usually just random noise
  • #24,836
  • Jun 26, 2017 3:06pm Jun 26, 2017 3:06pm
Quoting Mr Breakout
{quote} You can make a perfectly good living with the 5-min charts only. Not sure why some traders keep thinking that the daily or weekly charts will give them some kind of special advantage. I could post hundreds of 5-min charts (without the price on the Y axis) and nobody would be able to tell if these charts are from 5-min charts or the monthly/weekly/daily charts.
how to read the chart? draw simple trendlines and go with the flow? or apply comlicated indicators and fibbonaccis?
  • #24,837
  • Jun 26, 2017 3:13pm Jun 26, 2017 3:13pm
Quoting Mr Breakout
{quote} That's the problem with unexpected events, they do happen. Now let's see what the GBP/NZD is up to (NZD Trade Balance in 3 hours)...
will the trade data (which is marked not that high impact by forexfactory) also not affect NZD/USD as well? how many pips are you expecting and in which direction? have you done some research on the expected trade balance? i am searching and will share in a while when i find something substantial.
  • #24,838
  • Jun 26, 2017 3:21pm Jun 26, 2017 3:21pm
Quoting BabyDragon
Or apply complicated indicators
I believe in keeping things very, VERY simple.

I know a few traders who earn good money just with Head and Shoulders formations alone.
Some others make a bundle with simple breakouts from trendlines, or they wait for nice triangle formations to pull the trigger.

Personally I trade with zero indicator, just pure, very simple price action.

Keep it simple folks, keep it simple.
  • #24,839
  • Jun 26, 2017 3:25pm Jun 26, 2017 3:25pm
Quoting Mr Breakout
{quote} I believe in keeping things very, VERY simple. I know a few traders who earn good money just with Head and Shoulders formations alone. Others make a bundle with simple breakouts from trendlines, or they wait for nice triangle formations to pull the trigger. Personally I trade with zero indicator, just pure, very simple price action. Keep it simple folks, keep it simple.

Alright. NZD trade balance is supposed to be higher than forecast. This means that nzd/USD will go up and GBP/nzd will go down?

What is simple? Can you show an example?
  • #24,840
  • Jun 26, 2017 3:30pm Jun 26, 2017 3:30pm
Quoting Mr Breakout
{quote} You can make a perfectly good living with the 5-min charts only. Not sure why some traders keep thinking that the daily or weekly charts will give them some kind of special advantage. I could post hundreds of 5-min charts (without the price on the Y axis) and nobody would be able to tell if these charts are from 5-min charts or the monthly/weekly/daily charts. Technical analysis will work on ANY time frame. Well almost, at the tick level it's usually just random noise
But if you trade on a 5 min chart, you still support on the daily or weekly trend right? Or you dont even look those?
- If you plant corn, you get corn
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