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Dragon Riders GBP/JPY

  • #25,041
  • Jun 29, 2017 10:16pm Jun 29, 2017 10:16pm
Quoting Mr Breakout
{quote} Most GBP moves reverse between 2 AM and 4 AM, New York time (7 AM to 9 AM London or so, depending on the light saving summer/winter time protocol). Look at your charts my friend, study them carefully, do your homework and then one day it will click, I cannot tell you more...
HUH? lol I wasn't asking you...rofl I was telling you all I need to know is the daily moving average... then I trade the currency...and make some money..lol Mr. Breakout I'm dying to see your trading account must be in the millions....
I'll pick up the crumbs don't need the whole pie
  • #25,042
  • Jun 29, 2017 10:28pm Jun 29, 2017 10:28pm
Quoting Quickiepip
Mr. Breakout I'm dying to see your trading account must be in the millions....
Or perhaps Billions, why think small...
  • #25,043
  • Jun 29, 2017 10:34pm Jun 29, 2017 10:34pm
Quoting Mr Breakout
{quote} Or perhaps Billions, who knows...
most of the ones I see here are losing... most of the people trading pound yen are losing.... even the ones that have the top weekly monthly and yearly returns are losing. I sit here and I check every profile that is lurking... I check all stats.... man... no one making money here. They must be all wreckless not following fundamentals of trading. Yup that must be it
I'll pick up the crumbs don't need the whole pie
  • #25,044
  • Jun 29, 2017 10:42pm Jun 29, 2017 10:42pm
Quoting Quickiepip
most of the ones I see here are losing...
Precisely, if they are losing then who is winning their money... ?

Please no answer like "their broker", come on.
  • #25,045
  • Jun 29, 2017 10:46pm Jun 29, 2017 10:46pm
Quoting Mr Breakout
{quote} Precisely, if they are losing then who is winning their money... ?
If not your broker... your brokers team of banks.... This casino racket has got to stop...lol... Hry Breakout I helped push you over the top.... I see red diamond you owe me a case of beer
I'll pick up the crumbs don't need the whole pie
  • #25,046
  • Jun 29, 2017 10:54pm Jun 29, 2017 10:54pm
Quoting Quickiepip
you owe me a case of beer
Sure, no problem, here we go my friend.

Enjoy, with moderation, as trading and drinking usually do not mix that well...
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  • #25,047
  • Jun 29, 2017 11:06pm Jun 29, 2017 11:06pm
I can put the vessel on autopilot...

I want to take a long at 148.47 tp 164.33 we haven't had a really good move this year I think we could be due
I'll pick up the crumbs don't need the whole pie
  • #25,048
  • Jun 29, 2017 11:17pm Jun 29, 2017 11:17pm
Quoting Quickiepip
I want to take a long at 148.47 tp 164.33
Waiting for a 300 pip up move before buying GBP/JPY, is that really necessary?

I like to buy on strength too but there is a limit to that kind of trading strategy...
  • #25,049
  • Edited 11:42pm Jun 29, 2017 11:22pm | Edited 11:42pm
Yes very.. I want to dedicate 1 lot for roughly 1600 pips... right under the 200EMA too early to take it now

Man there are no limits

This will be my summer trade...in by september
I'll pick up the crumbs don't need the whole pie
  • #25,050
  • Jun 29, 2017 11:48pm Jun 29, 2017 11:48pm
Quoting Quickiepip
right under the 200EMA
The 200 period moving average, while sometimes helpful, is just an average, not some magical crystal ball, don't rely too much on that lagging indicator.
  • #25,051
  • Jun 29, 2017 11:50pm Jun 29, 2017 11:50pm
Quoting Mr Breakout
{quote} The 200 period moving average, while sometimes helpful, is just an average, not some magical crystal ball, don't rely too much on that lagging indicator.
Please enlighten what indicator to use .
  • #25,052
  • Jun 29, 2017 11:51pm Jun 29, 2017 11:51pm
Quoting Mccc
{quote} Please enlighten what indicator to use .
How about zero, just pure price action.

I am not saying that indicators are useless, it's just that we don't really NEED them to trade profitably.
  • #25,053
  • Jun 29, 2017 11:53pm Jun 29, 2017 11:53pm
Quoting Mr Breakout
{quote} The 200 period moving average, while sometimes helpful, is just an average, not some magical crystal ball, don't rely too much on that lagging indicator.
Oh man... it's not me dude it's the world...lol it will bounce hitch snag stop pivot right there... I thought smoking a spliff would give you clarity....lmao I will be out before it gets there... I'm looking at the monthly chart btw for a nice summer trade, that I will not monitor
I'll pick up the crumbs don't need the whole pie
  • #25,054
  • Jun 30, 2017 12:01am Jun 30, 2017 12:01am
Quoting Quickiepip
{quote} Oh man... it's not me dude it's the world...lol it will bounce hitch snag stop pivot right there...
The real advantage of using a 200 MA is that it would at least have kept the traders out of trouble during ALL stock market crashes, to a large extent.
  • #25,055
  • Jun 30, 2017 12:05am Jun 30, 2017 12:05am
Quoting Mr Breakout
{quote} The real advantage of using a 200 MA is that it would at least have kept the traders out of trouble during ALL stock market crashes.
Psychological level....plain and simple.... if you study your charts you will see this...
I'll pick up the crumbs don't need the whole pie
  • #25,056
  • Jun 30, 2017 12:10am Jun 30, 2017 12:10am
Quoting Quickiepip
Psychological level....
Nope, mathematical reality, as the price HAS to go below the 200 MA to start a new downtrend (or a total crash).
  • #25,057
  • Jun 30, 2017 12:14am Jun 30, 2017 12:14am
Quoting Mr Breakout
{quote} Nope, mathematical reality, as the price HAS to go below the 200 MA to start a new downtrend (or a total crash).
Oh man... potAto potato .... I can quote at least 10 published works that refer to it as a Psychological level... but ok Math if you say...lmao
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I'll pick up the crumbs don't need the whole pie
  • #25,058
  • Jun 30, 2017 12:19am Jun 30, 2017 12:19am
Quoting Quickiepip
{quote} Oh man... potAto potato ....
Sure, absolutely, there is also a psychological, self-fulfilling prophecy element to these moving averages, no doubt, especially the most watched ones, like the 200.
  • #25,059
  • Jun 30, 2017 12:28am Jun 30, 2017 12:28am
Quoting Mr Breakout
{quote} Sure, absolutely, there is also a psychological, self-fulfilling prophecy element to these moving averages, no doubt, especially the most watched ones, like the 200.
So what now Mr. Breakout?? Give me the play by play on what's gonna happen today so I can go to my bed...lol man you slackin

I got two longs.. one to cover the other, 2 trades in the same direction with the trend....lol
I'll pick up the crumbs don't need the whole pie
  • #25,060
  • Jun 30, 2017 12:36am Jun 30, 2017 12:36am
trend down continuation.
* care , bull trying reverse up
SL at 145.960 , bull take over if price go above this level.
Exits == most important part of your strategy
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