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Dragon Riders GBP/JPY

  • #27,761
  • Edited 9:21pm Nov 13, 2017 7:33pm | Edited 9:21pm
Quoting pipsgrinder8
{quote} 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
stochastic is normal M30 , 10,3,3
* this stochastic is useless also if you don't know the direction of trend and when you think it's up from oversold that actually is going to be extreme oversold that bring another >100-200 pips down . so we need our brain to use it.
- think will up from oversold == Your biggest enemy in trading is going to be a directional bias
+--------------------------------------------------------------------------------+
+ 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. +
+--------------------------------------------------------------------------------+
** AUDUSD in test this week , signal at FF Journal
Exits == most important part of your strategy
  • #27,762
  • Nov 13, 2017 7:47pm Nov 13, 2017 7:47pm
Hi Edmun, your system work perfectly!
would you like to share with me/us bout the indicator that u used in your system?

Thanks!
Your Mistakes is Your Best Teacher
  • #27,763
  • Nov 13, 2017 9:23pm Nov 13, 2017 9:23pm
Quoting robbietech
Hi Edmun, your system work perfectly! would you like to share with me/us bout the indicator that u used in your system? Thanks!
system work 25% , brain work 75% brother .
Exits == most important part of your strategy
  • #27,764
  • Nov 13, 2017 10:01pm Nov 13, 2017 10:01pm
Yesterday up move got stopped at last swing high.

Good area to play breakout later. IF short doesn't work and it breaks above the last swing high back up we go. Hopefully it just continues ranging until later when it's close to London open for a juicy breakout.
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  • #27,765
  • Nov 13, 2017 10:14pm Nov 13, 2017 10:14pm
Quoting maflip
Yesterday up move got stopped at last swing high. Good area to play breakout later. IF short doesn't work and it breaks above the last swing high back up we go. Hopefully it just continues ranging until later when it's close to London open for a juicy breakout. {image}
I small lot short test system bro. -- doubt this short haha [ may not work this time.
* why may not work this time ? because H4 is bull , price M15 above kumo
Exits == most important part of your strategy
  • #27,766
  • Nov 13, 2017 10:15pm Nov 13, 2017 10:15pm
Quoting maflip
Yesterday up move got stopped at last swing high. Good area to play breakout later. IF short doesn't work and it breaks above the last swing high back up we go. Hopefully it just continues ranging until later when it's close to London open for a juicy breakout. {image}
Hi, that is also a completed V pattern on hourly and it is respected. There is also the 200 ema at 149.376. Do you think it could come up to hit that ema and then head down during London? I was wondering if you expected a break in the upward direction.
Happy trading all
"Work hard, put in the effort, and follow your dreams..." -Me
  • #27,767
  • Nov 13, 2017 10:19pm Nov 13, 2017 10:19pm
Quoting edmun1388
{quote} I small lot short test system bro. -- doubt this short haha [ may not work this time. * why may not work this time ? because H4 is bull , price M15 above kumo
before you post this I already know you are short hah hah. Short is not a bad idea. That last swing high did not get broken yesterday. But if it get's broken can reverse to the upside. I stop and reverse my trades sometimes if first one does not work. And this trade qualifies for it. I only stop and reverse once though.

But I don't like trading breakout this early in the day. Sometimes it works most times it doesn't. If trade this early in the day small lot only.
  • #27,768
  • Nov 13, 2017 10:21pm Nov 13, 2017 10:21pm
Quoting maflip
{quote} before you post this I already know you are short hah hah. Short is not a bad idea. That last swing high did not get broken yesterday. But if it get's broken can reverse to the upside. I stop and reverse my trades sometimes if first one does not work. And this trade qualifies for it. I only stop and reverse once though.
you really is my bad/best friend/worm.
* I will test AUDUSD today , suspect AUDUSD have a fix pattern occur everyday .
Exits == most important part of your strategy
  • #27,769
  • Nov 13, 2017 10:23pm Nov 13, 2017 10:23pm
Quoting edmun1388
{quote} you really is my bad/best friend/worm
hah hah
  • #27,770
  • Nov 13, 2017 10:29pm Nov 13, 2017 10:29pm
Right now I'm still waiting still flat. But I noticed something both UJ and GU are in agreement right now.

And also, both are at resistance. So I'm expecting a nice breakout later up side or down side. HOPEFULLY
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  • #27,771
  • Edited 11:04pm Nov 13, 2017 10:48pm | Edited 11:04pm
Quoting maflip
Right now I'm still waiting still flat. But I noticed something both UJ and GU are in agreement right now. And also, both are at resistance. So I'm expecting a nice breakout later up side or down side. HOPEFULLY {image}
Ya , my M15 show 2 posibility ,
1. close long , small short , M15 still as bull
2. if M30 stochastic cross up [ best from oversold level] , strong up move may start since M15 still as bull .
Let us wait.
* closed short -7
Exits == most important part of your strategy
  • #27,772
  • Nov 13, 2017 10:48pm Nov 13, 2017 10:48pm
Quoting tzamo
{quote} Hi, that is also a completed V pattern on hourly and it is respected. There is also the 200 ema at 149.376. Do you think it could come up to hit that ema and then head down during London? I was wondering if you expected a break in the upward direction. Happy trading all
Yes seeing both UJ and GU are in agreement it is possible we go back up again. Right now I'm just letting the market decide where it wants to go. At this moment it is undecided. But there seems to be an upwards pressure.

Yup it is a V reversal pattern.
  • #27,773
  • Edited Nov 14, 2017 9:43pm Nov 13, 2017 11:14pm | Edited Nov 14, 2017 9:43pm
* follow take own risk
Exits == most important part of your strategy
  • #27,774
  • Nov 13, 2017 11:33pm Nov 13, 2017 11:33pm
oh oh there's a CPI today. This report can screw all technical analysis after release. In 4 hours
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  • #27,775
  • Edited 1:17am Nov 14, 2017 12:50am | Edited 1:17am
Quoting edmun1388
{image} * follow take own risk
not work this time may cause by H4 bar , I will consider H4 bar in M15 next
*TP1 148.814 ... too little .reached
* TP2 148.043 ...too big profit
Exits == most important part of your strategy
  • #27,776
  • Nov 14, 2017 1:16am Nov 14, 2017 1:16am
Break it DOWN!!!

Inserted Video
  • #27,777
  • Nov 14, 2017 1:18am Nov 14, 2017 1:18am
Quoting maflip
Break it DOWN!!! https://www.youtube.com/watch?v=mFYdOWtsT4o
No cry bro , you can get another good trade next.
Exits == most important part of your strategy
  • #27,778
  • Nov 14, 2017 1:23am Nov 14, 2017 1:23am
Quoting edmun1388
{quote} No cry bro , you can get another wife later.
Yeah hopefully this thing goes somewhere before the CPI later. In 2 hours...
  • #27,779
  • Nov 14, 2017 1:27am Nov 14, 2017 1:27am
Quoting maflip
{quote} Yeah hopefully this thing goes somewhere before the CPI later. In 2 hours...
I suspect will ranging few H4 bars , range 50 pips
* up TP1 149.299 down TP1 148.815 == range aroung 50 pips
Exits == most important part of your strategy
  • #27,780
  • Nov 14, 2017 1:46am Nov 14, 2017 1:46am
Quoting edmun1388
{quote} I suspect will ranging few H4 bars , range 50 pips * up TP1 149.299 down TP1 148.815 == range aroung 50 pips
CPI Later will break that range i'm sure of it.
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