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Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Enter The Dragon - GBP/JPY 1 reply

Attachments: Dragon Riders GBP/JPY
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Dragon Riders GBP/JPY

Quoting FastPipn
4hrs Sell Target 147.111 {image}
I hope you are right. Cheers.
Quoting Boudica
lt headed for 150 imo
I'm with you, brother lol. I think it will head to 149.25ish
147.8 is key support, unless it breaks below this level, it is still long. if it breaks, than we go short. I still feel is bullish.
I always WIN...
my sentiment is still bulls as it pounce from 147.8/7 support level...happy trading!
I always WIN...
Quoting FastPipn
4hrs Sell Target 147.111 {image}

Out at 147.800 50+ pips

Trade taking too long since yesterday.

Didn't want to take a risk...

Price ended up bouncing from Daily pivot and

HUGE pinbar on 4hr forming, not able to cross 8 ema.
Just 20 pips a day to riches
Just came back from supper (it is past midnight here)....took a long 148.255....targeting 149.17.

Time for bed.
Quoting FastPipn
{quote} Out at 147.800 50+ pips Trade taking too long since yesterday. Didn't want to take a risk... Price ended up bouncing from Daily pivot and HUGE pinbar on 4hr forming, not able to cross 8 ema.

Dear Friend can u please tell me ur broker ???
Muhammad Kashif
Quoting MoneyFocus
Just came back from supper (it is past midnight here)....took a long 148.255....targeting 149.17. Time for bed.
Setting a TP at 148.75...

My entry price isn't the best, I know...but I'm tired...need sleep.

Hopefully my TP will hit when I wake up tomorrow.... Otherwise, I will just ride the dragon tomorrow morning...

Cheers and green pips to all.
Long, target 149.7
I always WIN...
Long since 148.220

Target 149.000
Just 20 pips a day to riches
Now Long target 153.5
Quoting PayTheLimit
perhaps some good support at 147.56.... {image}
maybe some new support at 148.06 now, will keep it in mind with 1.3152 in cable, might be worth a flyer..
Look Sharp/Trade Tight
My main resistance atm is the 3 hour 200sma, which you can see is capping the price when it gets up there.

For support, there is plenty. The fibs are brown ( 50% ) yellow ( 61.8%) Orange ( 76.4% )

Price seems a bit trapped atm between that resistance, and support, thopugh the 15m 200ema/sma has now broken. Next level is the trend line, and 148 should be strong if it gets there as it is the H1 100sma which is curling round beneath and sits at that level.

Those fibs are plotted from the Oct 8th low, but if you plot them from yesterday's low, then right now the 50% is giving suport @ 148.17
Attached Image (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 46 KB
I sell and at the same time buy at the moment, there are 2 things which are currently happening is a reduction to 147,30 - of 147.00 short, possibly below, and then return to 150,5 or higher.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYcH1.png Size: 47 KB
It seems (my take) that the politics in both UK and Japan are strongly influencing Dragon and, therefore, pretty unpredictable at the moment. Plus the media shouts their views (not fact) from each of their stand points. And technicals follow perception, so no definite trend at the moment and has been ranging within about 50 pips in the last two days. Damn Dragon normally moves!
Quoting Mr.Paradox
I sell and at the same time buy at the moment, there are 2 things which are currently happening is a reduction to 147,30 - of 147.00 short, possibly below, and then return to 150,5 or higher. {image}

Wow.. your spread bill must be huge! Why not just add them all into one trade? You're increasing your risk by adding shorts at a worse price. If you're confident of the direction then I'd advise against trading this way.

Feel free to use averaging to get a better price, but it makes little sense to me to scale in that close to original sell order.

No offence intended just a friendly observation.
Quoting Talzus
{quote} Wow.. your spread bill must be huge! Why not just add them all into one trade? You're increasing your risk by adding shorts at a worse price. If you're confident of the direction then I'd advise against trading this way. Feel free to use averaging to get a better price, but it makes little sense to me to scale in that close to original sell order. No offence intended just a friendly observation.
In reality it is 2 separate transactions with different TF. I added to the original position as soon as goes into my side using a simple method that came to my mind at minimum an hour candle to short in this case, and max daily candle for long.
Quoting PayTheLimit
{quote} maybe some new support at 148.06 now, will keep it in mind with 1.3152 in cable, might be worth a flyer..

prefer considering 147.56 now, with 1.3152 in cable still....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 41 KB
Look Sharp/Trade Tight
Quoting Mr.Paradox
{quote} In reality it is 2 separate transactions with different TF. I added to the original position as soon as goes into my side using a simple method that came to my mind at minimum an hour candle to short in this case, and max daily candle for long.
ok, that makes more sense
Argh, I'm long on GBPJPY on 148.031, 148.255 and 148.396 (I averaged up).
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