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Dragon Riders GBP/JPY

  • #25,101
  • Jul 1, 2017 2:06pm Jul 1, 2017 2:06pm
Quoting diana91
What's up, has the dragon soared again? Nope? lol, I knew it, I don't know why I canceled my short yesterday.
I hope you know why you closed your short now.
  • #25,102
  • Jul 1, 2017 2:25pm Jul 1, 2017 2:25pm
Quoting Quickiepip
{quote}Traders are predictable we like 0's and 5's, some trade religiously by the systems provided by the broker, indicators demonstrated by the broker, strategies taught by the broker.... Ok so maybe your broker isn't a MM... but someone out there is taking the other side of your trade, and they are there to make money, and because we all trade the fundamentals, with indicators preset, with knowledge of when to long or short and what the recommended tp is..we are at a disadvantage... They know.. they know exactly what your going to do before you...
you got the right idea now, itll be a little touchy at that last swing high around 148, but watch it blow right through that level on the first try when it gets there, eating all the shorts right there above the last swing high.
  • #25,103
  • Jul 1, 2017 2:29pm Jul 1, 2017 2:29pm
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...
which is exactly why I am sitting at my trading terminal at 1:40am, and when the 330 or 430am gbp news hits I am wide awake.
  • #25,104
  • Jul 1, 2017 2:38pm Jul 1, 2017 2:38pm
Quoting cat
{quote} You are talking absolute nonsense.
why yes he is
surely we all knows it the pending orders, the liquidity pools that control the price
  • #25,105
  • Jul 1, 2017 3:34pm Jul 1, 2017 3:34pm
Quoting rmrf
{quote} which is exactly why I am sitting at my trading terminal at 1:40am, and when the 330 or 430am gbp news hits I am wide awake.
Excellent, you know your stuff...
  • #25,106
  • Jul 1, 2017 7:36pm Jul 1, 2017 7:36pm
Quoting rmrf
{quote} at least 9 or 10 days you should have been accumulating longs like I suggested, its not like my trade explorer is down 500% or anything. https://www.forexfactory.com/showthr...8#post10007008 RR the tally should easily be closer to 4000 pips. over 10 days
It's stuff like this I like to see.... If this man talks I will listen, because his account shows he has some idea of what he is doing.... No FF you can spew all the garbage you want... I listen with a grain of salt. Can't even open a demo account to prove yourself but you giving advice......lol
I'll pick up the crumbs don't need the whole pie
  • #25,107
  • Jul 2, 2017 4:29am Jul 2, 2017 4:29am
Quoting rmrf
{quote} I hope you know why you closed your short now.
Sweetheart, this was on June 27, and I'm an intraday trader. I don't care what happens days after I close position.
"Don't lose your cool, and you will fare well".
  • #25,108
  • Jul 2, 2017 2:30pm Jul 2, 2017 2:30pm
Gap down 50 pips + 1hr 30 mins to go
I'll pick up the crumbs don't need the whole pie
  • #25,109
  • Jul 2, 2017 2:51pm Jul 2, 2017 2:51pm
can anyone refresh my memory the best place to get after market quotes?
  • #25,110
  • Edited 3:19pm Jul 2, 2017 3:04pm | Edited 3:19pm
Quoting gofishin
can anyone refresh my memory the best place to get after market quotes?
You mean pre-market prices?
FXCM allows you to see prices 2 hours before "official" opening at 5 PM (EST), on Sunday.
You can also get them on the web, here for example: http://www.xe.com/currencycharts/?fr...to=JPY&view=1D
  • #25,111
  • Jul 2, 2017 3:21pm Jul 2, 2017 3:21pm
Quoting rmrf
{quote} you got the right idea now, itll be a little touchy at that last swing high around 148, but watch it blow right through that level on the first try when it gets there, eating all the shorts right there above the last swing high.
Thank you! pre market prices, xe was the site.
  • #25,112
  • Edited 4:34pm Jul 2, 2017 4:04pm | Edited 4:34pm
Quoting gofishin
{quote} Thank you! pre market prices, xe was the site.
You are welcome.

Here is something interesting for travelers: they can get more than $700 extra when they exchange 10,000 Australian dollars to USD, depending on where they bank.
https://www.fxcompare.com.au/exchang...000/?compare=1

And according to this website wiring 50,000 UK pounds could add an extra 3,500 USD to the receiver's pocket, again depending on the the bank the sender is using:
https://www.bankexchangerates.co.uk/...fers-over-5000

So the idea that banks always give us the "best" currency rate is wrong.
  • #25,113
  • Jul 2, 2017 4:26pm Jul 2, 2017 4:26pm
testing friday low again ? today gap down not wise sign for bulls
  • #25,114
  • Jul 2, 2017 4:37pm Jul 2, 2017 4:37pm
Quoting Noob Trader
testing friday low again ? today gap down not wise sign for bulls
GBP/JPY won't move until it fills the gap first...
  • #25,115
  • Jul 2, 2017 4:38pm Jul 2, 2017 4:38pm
Quoting Noob Trader
testing friday low again ? today gap down not wise sign for bulls
We still bullish for now, This gap down was just profit taking from Friday.... it made moves late Friday I even got unexpected pips right up till close
I'll pick up the crumbs don't need the whole pie
  • #25,116
  • Jul 2, 2017 4:41pm Jul 2, 2017 4:41pm
Quoting Quickiepip
This gap down was just profit taking from Friday....
Why would traders wait for Sunday to take profits?
  • #25,117
  • Jul 2, 2017 4:42pm Jul 2, 2017 4:42pm
Quoting Quickiepip
{quote} We still bullish for now, This gap down was just profit taking from Friday.... it made moves late Friday I even got unexpected pips right up till close
Well for me, top done on Friday in unnecessary shot up late friday. Looking to sell on rise. But wonder how Abe behaves after Tokyo polls debacle.
  • #25,118
  • Jul 2, 2017 4:45pm Jul 2, 2017 4:45pm
Gap down caused due to political news of Tokyo results not profit booking. Abe party lost badly. It signals that Abe will need to push harder to reclaim support for 2018 election. If that's case JPY should shot up but if he gone for populist move...JPY will bleed.
  • #25,119
  • Jul 2, 2017 4:51pm Jul 2, 2017 4:51pm
Quoting Mr Breakout
{quote} Why would traders wait for Sunday to take profits?
they are taken late Friday like in the last minute but processed at the start of the week ... cmon Breakout
I'll pick up the crumbs don't need the whole pie
  • #25,120
  • Edited 5:30pm Jul 2, 2017 5:05pm | Edited 5:30pm
Quoting Quickiepip
they are taken late Friday like in the last minute but processed at the start of the week ... cmon Breakout
Such an entry order would be foolish because the market could gap 200 pips or more against the trader, taking all the profits he painfully accumulated during the week, or the month.

Your explanation also implies that if the market has been in an uptrend the whole week, including Friday, it will automatically gap down on Sunday (and vice versa for downtrends).
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