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Dragon Riders GBP/JPY

  • #27,741
  • Nov 13, 2017 2:58am Nov 13, 2017 2:58am
Quoting edmun1388
TP1 148.885 reach tp2 148.222 trend continuation {image} {image} signal down time is my sleeping hour , 6:15 am . sad face * if price go above 149.280 , feel no good for that short , if price over 149.410 bye bye to short * if price M15 close above TP1 148.885 , feel no good also , best close some
TP2 reached.
Exits == most important part of your strategy
  • #27,742
  • Nov 13, 2017 3:08am Nov 13, 2017 3:08am
Quoting edmun1388
{quote} TP2 reached.
My dear PLZ, What do u mean by TP2 what does TP stands for?Thanks.
R2R=from Reversal to Reversal
  • #27,743
  • Nov 13, 2017 3:10am Nov 13, 2017 3:10am
Quoting TrendisTrend
{quote} My dear PLZ, What do u mean by TP2 what does TP stands for?Thanks.
TP = target price
Exits == most important part of your strategy
  • #27,744
  • Nov 13, 2017 3:39am Nov 13, 2017 3:39am
Quoting edmun1388
{quote} TP = target price
Are we seeing the end of the bearish trend? Or is there room for another move down to 147.8? Later to 147.1?
Never Ever Give Up
  • #27,745
  • Edited 9:22am Nov 13, 2017 3:40am | Edited 9:22am
Quoting sumar
{quote} Are we seeing the end of the bearish trend? Or is there room for another move down to 147.8? Later to 147.1?
if can retrace 30 pips from now , maybe, just may be. work
*such a strong down move , need more time to reverse , or ranging ..
Exits == most important part of your strategy
  • #27,746
  • Nov 13, 2017 3:48am Nov 13, 2017 3:48am
My crazy calculation giving 147.4 till now !!!!
R2R=from Reversal to Reversal
  • #27,747
  • Nov 13, 2017 3:48am Nov 13, 2017 3:48am
Quoting edmun1388
{quote} if can retrace 30 pips from now , maybe, just may be. *such a strong down move , need more time to reverse , or ranging ..
It's at a daily support now. Will it hold or break? If it breaks we can see a strong move to the downside. 147.1 to 144.3
Never Ever Give Up
  • #27,748
  • Nov 13, 2017 3:54am Nov 13, 2017 3:54am
The strong support had been broken on 2nd of Nov. We are now in the extended wave down. I expect more dive.
The highest it can go is 148.6
R2R=from Reversal to Reversal
  • #27,749
  • Nov 13, 2017 6:59am Nov 13, 2017 6:59am
My favorite pattern.
Point A is at 2017.09.21. [152.8xx]; while C' is at 2017.11.01. [151.9xx]
Attached Image

Time will tell...

Note: it's also true to the opposite direction, so have to monitor carefully every time the pair makes new low and not continue it.
f(z)=z2+c
  • #27,750
  • Nov 13, 2017 8:31am Nov 13, 2017 8:31am
Quoting TrendisTrend
{quote} My dear PLZ, What do u mean by TP2 what does TP stands for?Thanks.
Generally speaking
TP = take profit
TP 1 is where you close a portion or % of a position and put SL ( stop loss) to BE (breakeven).
Same way Tp2 u either close all or just leave 20 % for tp 3 or trail it till it eventually hits your stop loss.
  • #27,751
  • Edited 9:22am Nov 13, 2017 8:52am | Edited 9:22am
Quoting hathor
My favorite pattern. Point A is at 2017.09.21. [152.8xx]; while C' is at 2017.11.01. [151.9xx] {image} Time will tell... Note: it's also true to the opposite direction, so have to monitor carefully every time the pair makes new low and not continue it.
Interesting pattern. Makes perfect sense. But at the moment it shows signs of reversal at Daily SL 148.1. Pinbar forming
Never Ever Give Up
  • #27,752
  • Nov 13, 2017 9:05am Nov 13, 2017 9:05am
BOJ Kuroda will speak in about 2 hours time....any guesses as to JPY strengthens or weakens?
  • #27,753
  • Nov 13, 2017 9:34am Nov 13, 2017 9:34am
Dragon awakes....but be wary of BOJ.
  • #27,754
  • Edited 10:37am Nov 13, 2017 10:03am | Edited 10:37am
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB

M15 bar closed below TP1 148.885 best close.
* time 12 :01 am , best go sleep , low volume ..
Attached Image

oh.. may be I am wrong ....
** last week to test this system , work charm so far
Exits == most important part of your strategy
  • #27,755
  • Nov 13, 2017 10:04am Nov 13, 2017 10:04am
Quoting MoneyFocus
Dragon awakes....but be wary of BOJ.
All intra daytraders are going long. Perfect time for big boys to do their thing....
  • #27,756
  • Edited 11:22am Nov 13, 2017 10:47am | Edited 11:22am
If H4 closed below 149.017 , GBPJPY still as bear , care all. nite. 1 am here .
* If you are long set stop loss min at 148.65/60 , 20 pips
* risk : reward 1:5 ?
Exits == most important part of your strategy
  • #27,757
  • Nov 13, 2017 11:49am Nov 13, 2017 11:49am
Quoting edmun1388
If H4 closed below 149.017 , GBPJPY still as bear , care all. nite. 1 am here . * If you are long set stop loss min at 148.65/60 , 20 pips * risk : reward 1:5 ?
When is h4 closing. I dont know if there will be a big move....i mean i dont have a clue if this event is important like that.
  • #27,758
  • Nov 13, 2017 12:05pm Nov 13, 2017 12:05pm
Quoting NMZee
{quote} When is h4 closing. I dont know if there will be a big move....i mean i dont have a clue if this event is important like that.
I use oanda GMT-5 , may be can explain like this , if H4 bar close above the level , strong faster move , if close below then is weak move up or retrace down ... just imo . [ I look at bar /group of bar react , may be there have expert explain to us.
Exits == most important part of your strategy
  • #27,759
  • Nov 13, 2017 12:21pm Nov 13, 2017 12:21pm
Crazy Dragon
R2R=from Reversal to Reversal
  • #27,760
  • Nov 13, 2017 2:50pm Nov 13, 2017 2:50pm
Quoting edmun1388
{image} M15 bar closed below TP1 148.885 best close. * time 12 :01 am , best go sleep , low volume .. {image} oh.. may be I am wrong .... ** last week to test this system , work charm so far
Hi Edmun, i ve been following with this thread for a while and noticed your system works quite well, do you mind sharing the set up for stochastic?
Stay green guys
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