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Dragon Riders GBP/JPY

  • #26,741
  • Sep 7, 2017 4:00am Sep 7, 2017 4:00am
Longed GBPJPY

7 Sep 12:00 (GMT+3)
ENTRY: 142.376
Stop Loss: 142.05
TP 1: 142.702
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #26,742
  • Sep 7, 2017 4:01am Sep 7, 2017 4:01am
Quoting smikester
{quote} I'm liking your charts. (FXWinnerz also) Anyway for simplicity, I have pending sells under the current price, looking for the hourly double high formation to play out: {image}
Well, that didn't work.
Gone to a better place
  • #26,743
  • Sep 7, 2017 4:01am Sep 7, 2017 4:01am
Quoting paulporto
Inverted H&S. {image}
Thanks for the lines.
Gone to a better place
  • #26,744
  • Sep 7, 2017 4:02am Sep 7, 2017 4:02am
Quoting fxtyrant
Longed GBPJPY 7 Sep 12:00 (GMT+3) ENTRY: 142.376 Stop Loss: 142.05 TP 1: 142.702
OK I'm fine to go long now.
Gone to a better place
  • #26,745
  • Edited 4:32am Sep 7, 2017 4:03am | Edited 4:32am
Quoting smikester
{quote} OK I'm fine to go long now.
trying a system on hourly.. Risk reward for the trade is always 1:1 but i wana see if the system can hit TP more often than stop loss, any win rate > 50% makes this a profitable system.

done some statistics on this but wana test it out with live calls
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #26,746
  • Sep 7, 2017 4:27am Sep 7, 2017 4:27am
Quoting fxtyrant
{quote} trying a system on hourly.. Risk reward for the trade is always 1:1 but i wana see if the system can hit TP more often than stop loss, any win rate > 50% makes this a profitable system.
I would be interested in that.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy170907h1.PNG Size: 25 KB
Gone to a better place
  • #26,747
  • Sep 7, 2017 5:50am Sep 7, 2017 5:50am
Quoting smikester
{quote} I would be interested in that. {image}
up we go.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #26,748
  • Sep 7, 2017 5:55am Sep 7, 2017 5:55am
Quoting fxtyrant
{quote} up we go.
The problem with devising strategies is they might get lucky if they are dogs, or they may be unlucky if they are gold.
Gone to a better place
  • #26,749
  • Sep 7, 2017 7:31am Sep 7, 2017 7:31am
Quoting smikester
{quote} The problem with devising strategies is they might get lucky if they are dogs, or they may be unlucky if they are gold.
Hmmmmm not quite sure
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #26,750
  • Sep 7, 2017 8:40am Sep 7, 2017 8:40am
Quoting fxtyrant
{quote} trying a system on hourly.. Risk reward for the trade is always 1:1 but i wana see if the system can hit TP more often than stop loss, any win rate > 50% makes this a profitable system. done some statistics on this but wana test it out with live calls
-- More tan 50% is easy to archive. Just try ema 5 and ema 10 working with RSI 9 (is the base of the Cowabunga sistem). That will do the trick

-- Problem will be allways your TP. You can use Pivots or Fibos for that.

--- I have used (adding al ema 100 for short trend direction) in GBPJPY 5 minutes scalping with success, although I use a propietary sistem now. Cowabunga is a sistem that has been around for a while, and has litte regrets levels with the people that use it.


:::
  • #26,751
  • Sep 7, 2017 8:52am Sep 7, 2017 8:52am
Quoting bigboss
{quote} -- More tan 50% is easy to archive. Just try ema 5 and ema 10 working with RSI 9 (is the base of the Cowabunga sistem). That will do the trick -- Problem will be allways your TP. You can use Pivots or Fibos for that. --- I have used (adding al ema 100 for short trend direction) in GBPJPY 5 minutes scalping with success, although I use a propietary sistem now. Cowabunga is a sistem that has been around for a while, and has litte regrets levels with the people that use it. :::
TP is simple since i said im aiming for 1:1 risk reward everytime. ...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #26,752
  • Sep 7, 2017 8:55am Sep 7, 2017 8:55am
Quoting fxtyrant
{quote} up we go.
And

TP is simple since i said im aiming for 1:1 risk reward everytime. ...
_________

Hi Tyrant.

So where are you holding this UCad long to????
Never seen 100000 drawdown but you did it!!!!!!

That 1:1 cracked me up!!!!!!
Beware of robber banks (RB), bad advisors.
  • #26,753
  • Sep 7, 2017 9:15am Sep 7, 2017 9:15am
Quoting Not-KPMG
{quote} And TP is simple since i said im aiming for 1:1 risk reward everytime. ... _________ Hi Tyrant. So where are you holding this UCad long to???? Never seen 100000 drawdown but you did it!!!!!! That 1:1 cracked me up!!!!!!
Gosh can you just get over that demo? I havent touched that account for a very long time. If ur going to keep being this petty.
You dont mention about how i recovered the 45%+ drawdown on my LIVE Account??

I made a trade call and explained that in testing out something that uses 1:1 risk reward everytime

why is that a problem?

enough pettiness already. My tolerance has a limit, you have been speaking bad about me behind my back along with giveachance.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #26,754
  • Sep 7, 2017 11:06am Sep 7, 2017 11:06am
Quoting fxtyrant
Longed GBPJPY 7 Sep 12:00 (GMT+3) ENTRY: 142.376 Stop Loss: 142.05 TP 1: 142.702
This trade stop loss hits first

Missed tp by mere 3-4 pips on this trade
Recorded a high of 142.678 before the deop back down and hitting stop loss
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #26,755
  • Sep 7, 2017 5:14pm Sep 7, 2017 5:14pm
* 30 pips. Moving to BE


:::
  • #26,756
  • Sep 7, 2017 7:55pm Sep 7, 2017 7:55pm
GJ needs to stop playin' around and move up!
Just 20 pips a day to riches
  • #26,757
  • Sep 7, 2017 8:46pm Sep 7, 2017 8:46pm
Overall it's bearish but it won't plunge until it hits the support-turn-resistance
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0646.PNG Size: 299 KB


Looking at 143-144 before I load my shorts
Attached Image (click to enlarge)
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Never let success get to your head because the market will punish you
  • #26,758
  • Sep 8, 2017 7:42am Sep 8, 2017 7:42am
Quoting bigboss
* 30 pips. Moving to BE :::
Booked another 50 pips in that short. Enough for today. I will not open long althoug seems a strong move. It is friday today. Enough for this week. See you next.


::::
  • #26,759
  • Sep 8, 2017 7:55am Sep 8, 2017 7:55am
Quoting reggiecjh
Overall it's bearish but it won't plunge until it hits the support-turn-resistance {image} Looking at 143-144 before I load my shorts {image}
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0652.PNG Size: 233 KB
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0653.PNG Size: 269 KB


Yup within range and buying till 143 at least
Never let success get to your head because the market will punish you
  • #26,760
  • Edited 1:00am Sep 11, 2017 12:44am | Edited 1:00am
I can see opportunities for both sides, but right now, I see some suspected support at 142.65, where I'll work some bids and risk 15 pips....

I think my best R is near 144.73...prolly see better levels in the outrights...


Next best support on GY I see is 141.65....
Look Sharp/Trade Tight
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