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Dragon Riders GBP/JPY

  • #25,401
  • Jul 11, 2017 10:55am Jul 11, 2017 10:55am
Quoting edmun1388
{quote} I still win . {image} 1st short close with +30 , this is 2nd short. * but I doubt if u already closed your old short or is stop loss hit ?
loolz
SHORT
if you my trade,My-post analysis, subscribed to ME
  • #25,402
  • Jul 11, 2017 10:56am Jul 11, 2017 10:56am
Quoting NMZee
{quote} Sell high Buy low Always put SL Must slways have 1000 pips margin in acct . never risk more than 1 % on a trade. There u go. Now you strat milking the cows..
I know people will burn me... But i dont use SL, only TS. - WHAT AN IDIOT!! would you say. But the truth is SL havent help me at all... the reason is I dont trade for 100 or 200 pips... I trade the trend, and is very common to the price go off the channel and go back. So there is no place for me to put a good SL.
- If you plant corn, you get corn
  • #25,403
  • Jul 11, 2017 11:33am Jul 11, 2017 11:33am
Thanks Mastropiero for details.
Quoting Mastropiero
{quote} Not very complex... I hold my positions all week to friday. So I study the charts on D1, then follow on H1 where is in a zone i like. To map pairs of interest I use MADdash (you can find it here in FF) Of course, those 1000 pips was a highly % of luck, is not something common. Send me a message if you have more questions.
  • #25,404
  • Jul 11, 2017 11:48am Jul 11, 2017 11:48am
Quoting Mastropiero
{quote} I know people will burn me... But i dont use SL, only TS. - WHAT AN IDIOT!! would you say. But the truth is SL havent help me at all... the reason is I dont trade for 100 or 200 pips... I trade the trend, and is very common to the price go off the channel and go back. So there is no place for me to put a good SL.
First of all it's 100 pips not 1000

Second of all please show us your trade explorer, because I think you have just a much losers as winners.
  • #25,405
  • Jul 11, 2017 12:08pm Jul 11, 2017 12:08pm
Quoting taciho
{quote} First of all it's 100 pips not 1000 Second of all please show us your trade explorer, because I think you have just a much losers as winners.
You right, my explorer sucks, but I like my system.

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- If you plant corn, you get corn
  • #25,406
  • Jul 11, 2017 12:12pm Jul 11, 2017 12:12pm
Ok... I dont know how to do the explorer thing...

But i dont want to post it in every post i make
- If you plant corn, you get corn
  • #25,407
  • Jul 11, 2017 12:27pm Jul 11, 2017 12:27pm
Quoting Mastropiero
{quote} You right, my explorer sucks, but I like my system. {image} {image} {image}
Kudos to you for being honest. I hope you will succeed in your trading. I am not a big fan on using stop losses either, but than again I am just fooling around with my account. My main strategy is human psychology and thinking like a institutional investor, constantly questioning what I would do if I were him.
  • #25,408
  • Jul 11, 2017 12:31pm Jul 11, 2017 12:31pm
Quoting taciho
{quote} Kudos to you for being honest. I hope you will succeed in your trading. I am not a big fan on using stop losses either, but than again I am just fooling around with my account. My main strategy is human psychology and thinking like a institutional investor, constantly questioning what I would do if I were him.
With that 450% return, you are fooling around very well
- If you plant corn, you get corn
  • #25,409
  • Jul 11, 2017 12:31pm Jul 11, 2017 12:31pm
Quoting Situhin
Thanks a lot Mr Breakout. After long time I eat pips again. Last 2 months I don't know what happened to me. I am glad I finally found this place. Sorry for my ENGLISH
You are welcome, glad to hear that you are earning pips again.
  • #25,410
  • Jul 11, 2017 12:34pm Jul 11, 2017 12:34pm
Quoting malcolmb14
do not trade BS cross pairs professional money cannot hide their footprints in the charts. Cross pairs are hard to trade .... yet people love them and wonder why they lose money .
What "BS" cross pairs exactly, Malcolmb?
  • #25,411
  • Jul 11, 2017 12:38pm Jul 11, 2017 12:38pm
Quoting nesta
{quote} SL:147.52 tp1:147.10 tp2:146.7 TP3:146.45 TP4:146.1
keepp..tp3
if you my trade,My-post analysis, subscribed to ME
  • #25,412
  • Jul 11, 2017 3:19pm Jul 11, 2017 3:19pm
Quoting Mr Breakout
{quote} What "BS" cross pairs exactly, Malcolmb?
I have the same question for malcolmb. The EURAUD, GBPAUD EURCAD and GBPCAD are the 4 easiest pairs to trade without exception. AUDJPY and CADJPY are right behind. It is actually the US bullshit pairs that lose you money
  • #25,413
  • Jul 11, 2017 4:11pm Jul 11, 2017 4:11pm
Quoting pipmaster77
{quote} I have the same question for malcolmb. The EURAUD, GBPAUD EURCAD and GBPCAD are the 4 easiest pairs to trade without exception. AUDJPY and CADJPY are right behind. It is actually the US bullshit pairs that lose you money

--- Donīt forguet NZJPY, another monster that yields pips as Niagara Falls if you know how to trade it, and are at the precise entry moment. My favorite after GBPJPY.



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  • #25,414
  • Jul 11, 2017 4:11pm Jul 11, 2017 4:11pm
I have a question for Mr Breakout.
What is your thoughts about USDJPY. I m holding a sell on 109 please don't ask why(I m an idiot). Is there any chance usdjpy go down.
  • #25,415
  • Jul 11, 2017 4:49pm Jul 11, 2017 4:49pm
Hello Riders,
on 11th of july session we have seen a negative variation of -0,33%,
that can be considered a substantial inversion signal for daytraders.

So for the next opening session of 12th july I prefer short setups on GBPJPY, especially under 146,00 area floor.
  • #25,416
  • Jul 11, 2017 5:10pm Jul 11, 2017 5:10pm
Quoting Situhin
I have a question for Mr Breakout. What is your thoughts about USDJPY. I m holding a sell on 109 please don't ask why(I m an idiot). Is there any chance usdjpy go down.
Nothing against Mr. Breakout, but why would you be asking someone else's advice on your money? That's like the sports gambler down with his bookie paying a sports service for their "expert" picks.
  • #25,417
  • Jul 11, 2017 5:11pm Jul 11, 2017 5:11pm
Quoting Situhin
I have a question for Mr Breakout. What is your thoughts about USDJPY. I m holding a sell on 109 please don't ask why(I m an idiot). Is there any chance usdjpy go down.

Ask yourself the following question to understand the macro picture:

What phase is the FEB in in terms of their interest rate cycle and what phase is the BOJ?
What are the inflationary expectations in each and therefore interest rates and other monetary policy measures?
Who is easing and who is tightening....

And then the answer should be clear.

You are not going to see 109 for a long time.
Boxing clever since 76.
  • #25,418
  • Jul 11, 2017 5:14pm Jul 11, 2017 5:14pm
Yes I am thinking that 109 is not gonna happen for now but I want to know when I take my loses now or wait for 113 or 113.50. Please tell me no more emotion I will cut it
  • #25,419
  • Jul 11, 2017 5:19pm Jul 11, 2017 5:19pm
Quoting Situhin
Yes I am thinking that 109 is not gonna happen for now but I want to know when I take my loses now or wait for 113 or 113.50. Please tell me no more emotion I will cut it
Blue line is the main value line for UJ. You can see it has come off on the weekly.
I am short at 114.50 and expect it to come off a bit.

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Boxing clever since 76.
  • #25,420
  • Jul 11, 2017 5:25pm Jul 11, 2017 5:25pm
Quoting copi88
{quote} Ask yourself the following question to understand the macro picture: What phase is the FEB in in terms of their interest rate cycle and what phase is the BOJ? What are the inflationary expectations in each and therefore interest rates and other monetary policy measures? Who is easing and who is tightening.... And then the answer should be clear. You are not going to see 109 for a long time.
For me fundamentals are totally useless as a predictive tool on future market movement.
At best they can explain the WHY (after the facts of course...), but they can never give us the WHEN and HOW (specific entry/exit points, stop loss, targets, % of money to allocate, etc...).

And even if the fundamentals analysis of the trader is 100% correct, he could still lose tons of money if his timing was wrong!

Personally I use the charts and the charts only, the rest is just conversation between two beers at the pub.
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