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Dragon Riders GBP/JPY

  • #27,641
  • Nov 8, 2017 2:29am Nov 8, 2017 2:29am
Quoting maflip
My ass is in short. If H4 close below this fractal I might even add. Mental stop just above the H4 breakout bar. Minimum risk vs reward 2:1. {image}
GJ just missed my TP2 by 8 pips but almost there just waiting on UJ to break below H4 support. But I think I can play this now...

HIT IT!!! hah hah

Might go down more. What I want to see is they break below the 5th spike down. It will be really interesting.

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  • #27,642
  • Nov 8, 2017 2:32am Nov 8, 2017 2:32am
Quoting hathor
{quote} how greedy am I, if my target is at 136.xxx? XD
hah hah not that much
  • #27,643
  • Nov 8, 2017 2:33am Nov 8, 2017 2:33am
Quoting hathor
{quote} Hi cat, Yep, it looks like a >temporary< bottom... and 149.392 act as flip level for me in the last couple of weeks, so I wouldnt be surprised if price would touch it or get even higher...after that I would like to see the price to descend again. Regards, h.
Pair descended under my flip level...lets see if
- it can continue lower or
- it will ranging (above flip...under flip...above...)
f(z)=z2+c
  • #27,644
  • Edited 5:02am Nov 8, 2017 2:48am | Edited 5:02am
1 trade cover all loss with profit++
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max pips : +125
max draw : -4
* my system yesterday give sell signal , but stop loss too tight get hit , today cover back .Luck I am.
Tp1 149.451
TP2 148.890
tp3 148.690 all reached
* someone ask me , will this system work for another pairs? ans : YES ! . but I am too old/lazy/tired to do all this ... sry
* expert in GBPJPY 1st then next year go another pair maybe ..

+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+ If a pattern does not make sense to you , don't trade it. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,645
  • Nov 8, 2017 3:03am Nov 8, 2017 3:03am
anyone have opinion about the gap level at 148.890 ? will there a tough fight between bull/bear ? or can be a TP2
Exits == most important part of your strategy
  • #27,646
  • Nov 8, 2017 3:10am Nov 8, 2017 3:10am
So far it's hesitating to go down more at S3. Might go down more since GJ still haven't hit the day's range. But they might go for heavy profit taking first at S3. Gonna wait later if there's another possible re entry. For now it's time for dinner.
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  • #27,647
  • Edited 6:23am Nov 8, 2017 5:58am | Edited 6:23am
H4 close below gap low , I suspect will go down more .
I still hold GJ short .
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+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+ If a pattern does not make sense to you , don't trade it. +
+--------------------------------------------------------------------------------+
有佛心，无佛缘
Exits == most important part of your strategy
  • #27,648
  • Nov 8, 2017 7:19am Nov 8, 2017 7:19am
[quote=edmun1388;10472226]H4 close below gap low , I suspect will go down more . I still hold GJ short . {image} {image} +--------------------------------------------------------------------------------+ +
Great trade by you. No doubt. Clever game play would be to book profit and wait for a long set up. In myopinion. Not that you askedfor it..
  • #27,649
  • Edited 9:06am Nov 8, 2017 7:27am | Edited 9:06am
above 148.853 may need close short.
will look for re-short later
* if u long , take own risk [ may get 30 pips, 149.220]
+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+ If a pattern does not make sense to you , don't trade it. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,650
  • Nov 8, 2017 9:49am Nov 8, 2017 9:49am
[quote=edmun1388;10472664]above 148.853 may need close short. will look for re-short later * if u long , take own risk [ may get 30 pips, 149.
I always have to take own risk, noone allows me to take their risks.... I wouldnt think of a short b4 149.87. If it breaks this then next stop would be 151.1x
  • #27,651
  • Edited 11:17am Nov 8, 2017 9:56am | Edited 11:17am
[quote=NMZee;10473308]
Quoting edmun1388
above 148.853 may need close short. will look for re-short later * if u long , take own risk [ may get 30 pips, 149. I always have to take own risk, noone allows me to take their risks.... I wouldnt think of a short b4 149.87. If it breaks this then next stop would be 151.1x
+ Your biggest enemy in trading is going to be a directional bias. +
* this long who know is >100 pips
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max pips +33
max draw -5

+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+ If a pattern does not make sense to you , don't trade it. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,652
  • Nov 8, 2017 2:19pm Nov 8, 2017 2:19pm
[quote=edmun1388;10473343]
Quoting NMZee
{quote} + Your biggest enemy in trading is going to be a directional bias. + * this long who know is >100 pips {image} {image} max pips +33 max draw -5 +--------------------------------------------------------------------------------+ + Your biggest enemy in trading is going to be a directional bias. + + If a pattern does not make sense to you , don't trade it. + +--------------------------------------------------------------------------------+
  • #27,653
  • Edited 10:54pm Nov 8, 2017 7:57pm | Edited 10:54pm
[quote=edmun1388;10473343]
Quoting NMZee
{quote} + Your biggest enemy in trading is going to be a directional bias. + * this long who know is >100 pips {image} {image} max pips +33 max draw -5 +--------------------------------------------------------------------------------+ + Your biggest enemy in trading is going to be a directional bias. + + If a pattern does not make sense to you , don't trade it. + +--------------------------------------------------------------------------------+
I only close with 30 pips profit , need go to sleep , bady ., sad face if not close now is +73 pips ...
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+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+ If a pattern does not make sense to you , don't trade it. +
+--------------------------------------------------------------------------------+
有佛心，无佛缘
Exits == most important part of your strategy
  • #27,654
  • Edited 11:22pm Nov 8, 2017 11:04pm | Edited 11:22pm
I got no breakout play for GJ at the moment. But here's a possible pattern forming. For now Edgar's got the right idea to be short. However, be prepared in case it turns around to the upside. It's a possibility.

If it's retest the trend line. A possible inverted H&S if it breaks above it. Might go back up.... AGAIN
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  • #27,655
  • Nov 8, 2017 11:17pm Nov 8, 2017 11:17pm
Quoting maflip
I got no breakout play for GJ at the moment. But here's a possible pattern forming. For now Edgar's got the right idea to be short. However, be prepared in case it turns around to the upside. It's a possibility. {image}
Good !
Exits == most important part of your strategy
  • #27,656
  • Nov 8, 2017 11:19pm Nov 8, 2017 11:19pm
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  • #27,657
  • Nov 8, 2017 11:26pm Nov 8, 2017 11:26pm
Quoting edmun1388
{quote} Good !
hah hah knowing you I know you already reversed to the upside. For me, I'm too conservative no trade yet. But GU seems going up and UJ seems holding it at support. So there's a potential.
  • #27,658
  • Edited Nov 9, 2017 12:00am Nov 8, 2017 11:41pm | Edited Nov 9, 2017 12:00am
Quoting maflip
{quote} hah hah knowing you I know you already reversed to the upside. For me, I'm too conservative no trade yet. But GU seems going up and UJ seems holding it at support. So there's a potential.

+ Your biggest enemy in trading is going to be a directional bias. +
I don't have direction , just walk here and there lolz ,
but this long trade is not so good position[closed -5] because I playing game and miss the exact entry[range before trend] .
* but I try trade AUDUSD as trend continuation trade that risk little. [ may be -10 pips then close , for fun. will test AUDUSD M30 trade soon.
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* I wait M30 bar close above 149.400 then think may be long it,now may ranging.
Exits == most important part of your strategy
  • #27,659
  • Nov 9, 2017 12:00am Nov 9, 2017 12:00am
Quoting edmun1388
{quote} + Your biggest enemy in trading is going to be a directional bias. + I don't have direction , just walk here and there lolz , but this long trade is not so good position[closed -5] because I playing game and miss the exact entry[range before trend] . * but I try trade AUDUSD as trend continuation trade that risk little. {image} * I wait M30 bar close above 149.400 then think may be long it,now may ranging.
AU ah that's new pair for you. Well good luck with it.
  • #27,660
  • Nov 9, 2017 12:02am Nov 9, 2017 12:02am
Quoting maflip
{quote} AU ah that's new pair for you. Well good luck with it.
I apply M30 chart to AUDUSD , seem work also , last long signal position is yesterday 0.76553, max pips only 30 ,
* My new toy - AUDUSD .
Exits == most important part of your strategy
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