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Dragon Riders GBP/JPY

  • #25,541
  • Jul 14, 2017 12:17am Jul 14, 2017 12:17am
Quoting edmun1388
2017.07.14 01:00 2017.07.14 02:15 ============= [ Oanda-GMT-5 Live M15 ] {image} so best time to trade will be 2017.07.14 02:15
H1 push up at 2017.07.14 01:00
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prediction
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* I still believe the best timing make entry is 2017.07.14 02:15
Exits == most important part of your strategy
  • #25,542
  • Jul 14, 2017 12:17am Jul 14, 2017 12:17am
Quoting Quickiepip
They bear trapped one of my accounts... had a sell stop at 145.266 but price only went to 145.267... you can't win with broker.... still up for investigation, so I won't trade on that account until they fix it... lost all it's money
Not sure I understand your post. You wanted to short GBP/JPY at 145.266?
  • #25,543
  • Jul 14, 2017 12:38am Jul 14, 2017 12:38am
Quoting Onizuka
Long 147.00 TP +40 SL -20
Closed even.
Not a good spot to me to trade.
  • #25,544
  • Edited 1:12am Jul 14, 2017 1:01am | Edited 1:12am
Quoting Mastropiero
{quote} Dude... just... don't.... Above payrolls and CPI and whatever speech gives some goverment, this IS in a nutshell supply and demand. So if you have lots of buyers (demand), price will go up without a movement of the counterpart (supply). {image}
Your graph is not correct for this scenario where there are lots of buyers but no sellers.
Graph on the right is the correct one. As you can see price cannot go up if there are no sellers.
We are in an auction market. Willing buyers have to meet willing sellers at a price point.

Say 1000 buyers walk into a car auction all wanting to buy but the dealer has zero stock. How can he put his price up? He has nothing to sell

Even if there where 1000 buy limit orders in and 50 sell limit orders placed, price will not move. Someone has to step into the market in order for price to move.
Your 1000 buyers go into the car auction and all of them say we are only willing to pay 500 for a car but the dealer is starting the auction at 600. Price will not move. One of the buyers will have to step up or the seller will have to step down. The likely scenario in this case is that the buyers will step up.
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Boxing clever since 76.
  • #25,545
  • Jul 14, 2017 1:46am Jul 14, 2017 1:46am
testing, loss

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  • #25,546
  • Jul 14, 2017 1:48am Jul 14, 2017 1:48am
maybe adding some more shorts later, testing still, do not copy

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  • #25,547
  • Jul 14, 2017 2:03am Jul 14, 2017 2:03am
added one short and TP lower now, just testing, do not copy

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  • #25,548
  • Jul 14, 2017 3:03am Jul 14, 2017 3:03am
again moved TP lower

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  • #25,549
  • Jul 14, 2017 3:31am Jul 14, 2017 3:31am
Quoting karasinga
{quote} {image} best wishes
Watching between 146. 88 and 147.05 for possible add
It is not over until I win
  • #25,550
  • Jul 14, 2017 4:07am Jul 14, 2017 4:07am
moved TP up this time

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  • #25,551
  • Jul 14, 2017 4:43am Jul 14, 2017 4:43am
Quoting copi88
{quote} Actually the market will not go anywhere if there are no sellers and lots of buyers.
You are WRONG! It will jump up to the sky! Like last year was few hundreads pips drop spike when was no buyers.
  • #25,552
  • Jul 14, 2017 4:44am Jul 14, 2017 4:44am
Quoting juhanimi
moved TP up this time {image}
Hey Juhanimi

Maybe you want to start a journal? Its not really relevant to the advancement of this thread to post everytime you move your TP etc
We would be more interested in why you took the trade and what your targets are , that kind of information.

Cheers
C
Boxing clever since 76.
  • #25,553
  • Jul 14, 2017 4:46am Jul 14, 2017 4:46am
Quoting Dream_trader
{quote} You are WRONG! It will jump up to the sky! Like last year was few hundreads pips drop spike when was no buyers.
Perhaps you missed my post above 25544.
Boxing clever since 76.
  • #25,554
  • Jul 14, 2017 4:56am Jul 14, 2017 4:56am
Quoting copi88
{quote} Actually the market will not go anywhere if there are no sellers and lots of buyers.
exactly, it IS in fact the pending orders that cause the market to move when RT's place orders at market.
with no pending orders to sell (sellers)(liquidity), RT's wanting to buy will reamin unable until someone puts some pending orders on.

Think about this, what you see on your chart, only represents orders which have been filled (they dont matter anymore in re to price),
while you are watching the charts, showing filled orders (pretty pointless), are you losing sight of pending orders which is what prepaves the path where price can go.
no pending orders, price cannot move. think about supply and demand, if there is no supply, it doesn't matter how huge the demand is.
  • #25,555
  • Jul 14, 2017 5:03am Jul 14, 2017 5:03am
Quoting copi88
{quote} Hey Juhanimi Maybe you want to start a journal? Its not really relevant to the advancement of this thread to post everytime you move your TP etc We would be more interested in why you took the trade and what your targets are , that kind of information. Cheers C
yeah, sorry, it is friday, usually quiet day here
just looking for possibilities to dynamic TP levels, I have some work to do still, more precise entries for example, but it looks really good atm
maybe later I could share that, we will see
  • #25,556
  • Jul 14, 2017 5:13am Jul 14, 2017 5:13am
and also that first target was only 0.8 pips away, so maybe I made some mistake there, and target was reached but I cannot confirm that, because it is dynamic, still early days with this strategy
  • #25,557
  • Jul 14, 2017 7:32am Jul 14, 2017 7:32am
okey, I am ready to start weekend, TP reached

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  • #25,558
  • Edited 8:18am Jul 14, 2017 7:38am | Edited 8:18am
Quoting karasinga
{quote} Watching between 146. 88 and 147.05 for possible add
nice... patience pays
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best wishes
It is not over until I win
  • #25,559
  • Jul 14, 2017 8:30am Jul 14, 2017 8:30am
Quoting karasinga
{quote} nice... patience pays{image} best wishes
Might exit in the zone between 146.03 and 145.84. watching PA behavior
It is not over until I win
  • #25,560
  • Jul 14, 2017 9:20am Jul 14, 2017 9:20am
Quoting karasinga
{quote} Might exit in the zone between 146.03 and 145.84. watching PA behavior
Seems like it was a trap....
I'll pick up the crumbs don't need the whole pie
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