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Dragon Riders GBP/JPY

  • #25,801
  • Jul 20, 2017 9:44am Jul 20, 2017 9:44am
I hope everyone is on the short train. Target 143.50
  • #25,802
  • Jul 20, 2017 9:45am Jul 20, 2017 9:45am
Look at EUR/GBP and gold going up, this is going to pop really hard to the downside.
  • #25,803
  • Jul 20, 2017 9:46am Jul 20, 2017 9:46am
closed, I am not sure if this this keeps going down,...
  • #25,804
  • Jul 20, 2017 9:48am Jul 20, 2017 9:48am
taken out. still looking for a long. see what is happening at m15
It is not over until I win
  • #25,805
  • Jul 20, 2017 10:07am Jul 20, 2017 10:07am
Probably stopping out all the Buyers SL's and back up, or a Sell trap?.
Just 20 pips a day to riches
  • #25,806
  • Jul 20, 2017 10:12am Jul 20, 2017 10:12am
Quoting ssaqeel
{quote} Update : i will watch around 146.3 or below 145.7 to re short .and once again targets double arcs. https://www.tradingview.com/x/iuiuMPqn/ {image}
Update: 3rd double arc target done.would love if daily closes below 145 for more down. https://www.tradingview.com/x/X31Me284/
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  • #25,807
  • Edited 12:30pm Jul 20, 2017 12:18pm | Edited 12:30pm
my thoughts
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will revisit this tomorrow or next week. it is either a profitable day or a learning day.
any comments/critics are welcomed. best wishes
It is not over until I win
  • #25,808
  • Jul 20, 2017 12:49pm Jul 20, 2017 12:49pm
daily looks bearish, but you never know
  • #25,809
  • Jul 20, 2017 12:52pm Jul 20, 2017 12:52pm
yesterday daily was not like there was selling pressure, so don`t know, maybe up tomorrow, have to see lower timeframes and trade what you see
  • #25,810
  • Jul 20, 2017 12:57pm Jul 20, 2017 12:57pm
today M15 was like huge selling, but no continuation, so that was confusing too, so I am expecting higher prices, but I am not married with that thought
  • #25,811
  • Jul 20, 2017 1:11pm Jul 20, 2017 1:11pm
yeah, and EURJPY was moving up today, that was main reason to close short earlier, yeah, confusing day
  • #25,812
  • Edited 1:26pm Jul 20, 2017 1:12pm | Edited 1:26pm
Quoting juhanimi
today M15 was like huge selling, but no continuation, so that was confusing too, so I am expecting higher prices, but I am not married with that thought
just my thoughts to act as a road map in the next few days. time will tell... best wishes
It is not over until I win
  • #25,813
  • Jul 20, 2017 1:50pm Jul 20, 2017 1:50pm
say hello to S2 and the bounce...
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  • #25,814
  • Jul 20, 2017 1:53pm Jul 20, 2017 1:53pm
Quoting karasinga
my thoughts will revisit this tomorrow or next week. it is either a profitable day or a learning day. any comments/critics are welcomed. best wishes
I am certain you have the right idea
  • #25,815
  • Jul 20, 2017 2:05pm Jul 20, 2017 2:05pm
Quoting barloc
{quote} What is the proper term for the following scenario: Price moves a lot more and faster, forces earlier buyers and sellers to get out with losses most of the time. Price moves high to trigger buy stops locking people into longs, quickly reverses to new lows forcing buyers to close at a loss or go into DD while price triggers sell stops at the same time. That event does not occur at every price wave. {image}
I guess my point is it isnt really a hunt, a hunt requires some skill and planning usually to catch your prey, this is a clear case of the stops are sitting at the last swing high or low, no matter the TF, and stops are loss stops & profit stops, RT's use loss stops, banks use profit stops, the further they can run price from equilibrium in the middle, where its fairest value is, (where there is an even exchange of buyers and sellers) the more likely it is to snap back and retrace 100% zoom out further, stick to 4H and D setups and enter on a smaller TF, with the dragon no way you can trade it with tight stops, thats just silly, better is smaller lot sizes wider stops, but better is soft stops (hedge) or no stops at all. used to be dragon could be running in a 2000 pip range things are much tighter as of late and the real range without looking is half that, thinking weekly/monthly range. and its been real rangy for a while.

getting in big and fat at the extremes is great if I had the patience for that kind of trading, then what would I do all day?
  • #25,816
  • Jul 20, 2017 2:43pm Jul 20, 2017 2:43pm
back to daily low now? have to go sleep
  • #25,817
  • Edited 7:18pm Jul 20, 2017 6:56pm | Edited 7:18pm
Quoting rmrf
{quote} I guess my point is it isnt really a hunt, a hunt requires some skill and planning usually to catch your prey, this is a clear case of the stops are sitting at the last swing high or low, no matter the TF, and stops are loss stops & profit stops, RT's use loss stops, banks use profit stops, the further they can run price from equilibrium in the middle, where its fairest value is, (where there is an even exchange of buyers and sellers) the more likely it is to snap back and retrace 100% zoom out further, stick to 4H and D setups and enter...
To me that is a stop hunt though...

There is no best way to trade, only what works best for you.
Dragon Rider
  • #25,818
  • Jul 20, 2017 7:08pm Jul 20, 2017 7:08pm
Quoting Mr Breakout
Joke aside, most probable scenario for GBP/JPY, as far as day trading is concerned : up to 146.20 or so (London session probably) and then down for the rest of the day.
And it happened exactly that way.
  • #25,819
  • Jul 20, 2017 7:58pm Jul 20, 2017 7:58pm
You guys remember this name gjscalper?



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It takes a lot for me to IGNORE you, but you can try.
  • #25,820
  • Jul 20, 2017 8:43pm Jul 20, 2017 8:43pm
Quoting Erebus
You guys remember this name gjscalper? {image}
lost count of the number of times I reported this prick
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