The Dragon

It may take a while for this post to show up but can anyone see a long coming up soon on EU as it's bouncing off the pivot line?

Chicken is my problem....not the system...
This system is very powerful. I want to ride the dragon longer....

Did you take that long on EU?
I passed out. Was just going to close my eyes for a minute or 2.
jiva

Could be a double top developing on 5m.
if that macd divergence forms..
Could give a good entry short on the dragon setup.

I didn't, wasn't 100% on it tbh but should have trusted my judgement.

A test of the daily high, might be good for a reverse short. Wait and see....

forget short, long tgt r1

oh oh
looks like we're gonna get that macd divergence after all.

problem is
Even though there has been a neg macd divergence with dragon setup,
the macd divergence has been a little compromised.

when a divergence occurs but the macd touches 0 or crosses to the other side of the zero line and back again, it tends to neutralize the affect of a divergence.

there is a dragon set up for short. but the trend is up.
What to do?

Stay out?

If you'd thrown an RSI indi up, there was good divergence there too.

Maybe I won't have to live in my car after all.
r1 tgt

It's the chicken disease,
Took 5 pips

The dragon's going to r1, silly me for jumping out...

When will I have real conviction in the dragon trade?
just see did he not go to a favorite place r1 (without me!!!)

Hi Jiva 34,
Just thought i would throw out to anyone interested, if they like there
charts as clean as i do, you con remove heiken ashi smoothed from your
charts and replace it with a 20 sma. The HAS always changes color when
it crosses it (i use bolinger bands with the center line highlighted)
Also wanted to say that the dragon is fantastic. Just found this thread yesterday and was able to pick up an easy 45 pips.
Great job and keep up the good work.
Goldflight

Thanks for kind words.
There seem to be different themes for the different systems. C-4 blows up the train, 2bar-hi/low goes hunting like a cheetah, etc...
we like to go for a ride on the dragon....

So many lessons. To stop trading would be for me to stop living.
Lesson today. (Perhaps the lessons learned are the real value gained.)

RESPECT

Whenever I forget to show respect and appreciation for the dragon I run into problems...
It is a relationship. I must learn to be happy with whatever the dragon allows me. The tendency is to try to take more and override the dragon.. No No...
Doesn't work like that.
Dragon will give. I cannot force or disrespect. He will show me if I am in the right state of mind. If not. I get kick..... Smacked. Run over. .. Pulverized.
And otherwise beat up...
I can't see a thing on the template. None of it makes any sense.

Respect
Respect
Respect

Such an important lesson. Who would have thought respect would be so important in trading. It is...
When I don't show it that's when I realize how important respect is.
Without respect I am blind. Respect acts like a window into another dimension.
Without respect I am denied access. It is very subtle. But undeniable.
re·spect (rhttp://img.tfd.com/hm/GIF/ibreve.gif-sphttp://img.tfd.com/hm/GIF/ebreve.gifkthttp://img.tfd.com/hm/GIF/prime.gif)tr.v. re·spect·ed, re·spect·ing, re·spects 1. To feel or show deferential regard for; esteem.
2. To avoid violation of or interference with: respect the speed limit.
3. To relate or refer to; concern.

n.1. A feeling of appreciative, often deferential regard; esteem. See Synonyms at regard.
2. The state of being regarded with honor or esteem.
3. Willingness to show consideration or appreciation.
4. respects Polite expressions of consideration or deference: pay one's respects.
5. A particular aspect, feature, or detail: In many respects this is an important decision.
6. Usage Problem Relation; reference. See Usage Note at regard.

My trading desk on days when I forget to respect the dragon




http://t1.gstatic.com/images?q=tbn:Y.../MessyDesk.jpg

short looking for 10 pips
set up on 5min
stop 10 pips

that was quick, stopped out
back to trading the 1m..

Let's give that another try.
Have been studying on another thread. Will be using both templates.
http://www.forexfactory.com/showthread.php?t=221894
(apologies for screenshot quality, my screenshooter is acting up left click to enlarge clears it up)

worked out okay.
check out http://www.forexfactory.com/showthread.php?t=221894
to understand the breakout template..
valuable tool...