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Dragon Riders GBP/JPY

  • #27,021
  • Oct 11, 2017 8:07am Oct 11, 2017 8:07am
Quoting MoneyFocus
Argh, I'm long on GBPJPY on 148.031, 148.255 and 148.396 (I averaged up).
Yea, just as I thought its going to be a good long and put on a overnight trade, this B.S. happens...

Maybe I should of waited for 147.880? but FOMO kicked in.

It's rising back again.. let see if this can go 149.000 for real this time.

Another pinbar on 4hr and 1hr, plus many pinbar look alikes on 1hr
Just 20 pips a day to riches
  • #27,022
  • Oct 11, 2017 9:24am Oct 11, 2017 9:24am
Quoting FastPipn
{quote} Yea, just as I thought its going to be a good long and put on a overnight trade, this B.S. happens... Maybe I should of waited for 147.880? but FOMO kicked in. It's rising back again.. let see if this can go 149.000 for real this time. Another pinbar on 4hr and 1hr, plus many pinbar look alikes on 1hr
The Dragon is in a foul mood today it seems.
  • #27,023
  • Oct 11, 2017 12:24pm Oct 11, 2017 12:24pm
I believe this will be heading for 149..150...long term target is 164...good luck to all..green pips to all.
  • #27,024
  • Oct 11, 2017 2:09pm Oct 11, 2017 2:09pm
Come on Dragon, give me one last good ride and I'll call it a day.
  • #27,025
  • Edited Oct 12, 2017 12:35am Oct 11, 2017 10:47pm | Edited Oct 12, 2017 12:35am
work like charm .
trade that before sleep , already 12 hours
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* 11:34 pm long trade b4 go sleep.
** I dont know GBPJPY price direction .
===============
my stratgey still in test , is not always can get big pips.
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+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,026
  • Edited 3:00am Oct 12, 2017 2:22am | Edited 3:00am
small short , H4 still as up.
if M15 bar close above 148.720 , close the short .
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closd -15 pips
+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,027
  • Oct 12, 2017 3:03am Oct 12, 2017 3:03am
Quoting edmun1388
small short , H4 still as up. if M15 bar close above 148.720 , close the short . {image} {image} closd -15 pips +--------------------------------------------------------------------------------+ + Your biggest enemy in trading is going to be a directional bias. + +--------------------------------------------------------------------------------+
Argh, I'm caught in some shorts, at the same level as you are. Lol. I was looking at the same idea you had, but a tea break left me out. :X
  • #27,028
  • Edited 3:23am Oct 12, 2017 3:07am | Edited 3:23am
Quoting MoneyFocus
{quote} Argh, I'm caught in some shorts, at the same level as you are. Lol. I was looking at the same idea you had, but a tea break left me out. :X
H4 cant close below 148.730 , UP .
If H4 close below 148.730 , high possibility will go down .
* so price may go up again if I am not wrong.
** sometimes I do notice that if price not close below level , price will go up later , but interval will have 1 spike down to clear long trade lolz.
** high possibility trade will be trade long signal from M5 or M15 since H4 still as bull.
Exits == most important part of your strategy
  • #27,029
  • Oct 12, 2017 3:23am Oct 12, 2017 3:23am
Quoting edmun1388
{quote} H4 cant close below 148.730 , UP . If H4 close below 148.730 , high possibility will go down . * so price may go up again if I am not wrong. ** sometimes I do notice that if price not close below level , price will go up later , but interval will have 1 spike down to clear long trade lolz.
Agreed. Now give me one spike down so I can close.

148.55 is not much to ask for.
  • #27,030
  • Edited 3:38am Oct 12, 2017 3:26am | Edited 3:38am
Quoting MoneyFocus
{quote} Agreed. Now give me one spike down so I can close. 148.55 is not much to ask for.
price now is near support :
pivot : 148.611
weekly pivot : 148.4563

if no news to hard push is impossible to break this level.
===============
If current H4 bar close above 149.000 , we may have long long trade > 250 - 500 pips or more.


I dont trade now since short is close to daily & weekly pivot.
+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,031
  • Oct 12, 2017 4:01am Oct 12, 2017 4:01am
Quoting edmun1388
{quote} price now is near support : pivot : 148.611 weekly pivot : 148.4563 if no news to hard push is impossible to break this level. =============== If current H4 bar close above 149.000 , we may have long long trade > 250 - 500 pips or more. I dont trade now since short is close to daily & weekly pivot. +--------------------------------------------------------------------------------+ + Your biggest enemy in trading is going to be a directional bias. + +--------------------------------------------------------------------------------+...
Hey, any thoughts now?
  • #27,032
  • Oct 12, 2017 4:06am Oct 12, 2017 4:06am
Quoting MoneyFocus
{quote} Hey, any thoughts now?
only long trade is valid , unless H4 close below 148.730.
If H4 close above 149.00, we may have 500 pips up move.
Exits == most important part of your strategy
  • #27,033
  • Oct 12, 2017 5:16am Oct 12, 2017 5:16am
Quoting edmun1388
{quote} only long trade is valid , unless H4 close below 148.730. If H4 close above 149.00, we may have 500 pips up move.
I disagree. Yesterday I posted a chart showing the H3 200sma acting as resistance. I then said that the price would most likely drop to around the 148 level to pick up H1 100sma support, which it did, although it dropped a little lower but all the H1 candles closed above it. This analysis still holds today. The H3 200sma is still sending it back down, and now I think it needs to drop further to pick up support again. The Daily chart shows that we may indeed see GJ going 500 pips higher, but the smaller time frames are showing down momentum at the moment, and at present I have the 15m 100sma as the support, with the price right on it now as I type. To say only long trades are valid is wrong in my opinion, but that is only my opinion, and it depends which time frame one is trading off. There have been trades both ways so far this morning, and that is how I'm looking at it. If the price can break below today's central pivot @ 850, then I would expect it to fall today to around 830 - 812, which is my S1 with the 76.4% on top of it, though it could go lower.
  • #27,034
  • Oct 12, 2017 5:19am Oct 12, 2017 5:19am
Quoting cat
{quote} I disagree. Yesterday I posted a chart showing the H3 200sma acting as resistance. I then said that the price would most likely drop to around the 148 level to pick up H1 100sma support, which it did, although it dropped a little lower but all the H1 candles closed above it. This analysis still holds today. The H3 200sma is still sending it back down, and now I think it needs to drop further to pick up support again. The Daily chart shows that we may indeed see GJ going 500 pips higher, but the smaller time frames are showing down momentum...
==
H4 close below 148.730 , short valid
H4 close above 148.730 , long valid
H4 close above 149.00 , trending up >100 -500 pips .
===
this is my view.

+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+--------------------------------------------------------------------------------
Exits == most important part of your strategy
  • #27,035
  • Oct 12, 2017 5:28am Oct 12, 2017 5:28am
Closed my shorts, looking to buy again, watching this.
  • #27,036
  • Oct 12, 2017 5:37am Oct 12, 2017 5:37am
Quoting MoneyFocus
Closed my shorts, looking to buy again, watching this.
wao good
I no trade yet , only play game.
* my M15 chart is correct , only I look at H4 effect my decision. ++ normally I do not trade near support/resistance area.

nvm.
Exits == most important part of your strategy
  • #27,037
  • Oct 12, 2017 6:03am Oct 12, 2017 6:03am
I've got support here at 773, otherwise, it should go to S2, where I also have strong support, and my lowest for today.
  • #27,038
  • Oct 12, 2017 6:04am Oct 12, 2017 6:04am
Quoting cat
I've got support here at 773, otherwise, it should go to S2, where I also have strong support, and my lowest for today.
GJ bro, but bad for me hehe
chart correct but look at H4 make wrong decision.
* next, wil not listen to H4 and see

*just now I want wait H4 close above 148.730 then trade long.
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Exits == most important part of your strategy
  • #27,039
  • Oct 12, 2017 6:18am Oct 12, 2017 6:18am
Quoting cat
I've got support here at 773, otherwise, it should go to S2, where I also have strong support, and my lowest for today.
BTW, my S2 is at 749.
  • #27,040
  • Oct 12, 2017 7:12am Oct 12, 2017 7:12am
Never underestimate GJ, especially on Super Thursday!
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