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Dragon Riders GBP/JPY

  • #741
  • Dec 7, 2014 3:39pm Dec 7, 2014 3:39pm
Quoting FX-Ray
Decision points calendar week 50 [GBP/JPY]: (1) 191.00/90.80 (10) 189.40/20 (11) 187.80/60 (100) 185.70/50 (101) 183.90/70 (110) 181.00/80.80 (111) 177.00/76.80 (1000) 173.90/70 (1001) 171.20/00 (1010) 169.10/68.90 (1011) 168.00/67.80 (1100) 167.40/20 Tuesday 9th can be interesting depending where price will be then. If next week market contain moderate volatility DP 191.00/90.80 and DP 187.70/50 should get printed in all probability. There is also a setup I keep in mind: If 191.00/90.80 gets printed and it sell off to 189.40/00 and breaks it strikingly...
Thanks for the points Ray. I was only slightly off when I drew (10) and (11). I'm slowly beginning to understand the method to your madness.
  • #742
  • Dec 7, 2014 5:22pm Dec 7, 2014 5:22pm
Quoting FX-Ray
{quote} Anyway.. wanna show you what just happend before I leave, watch 30ish, majority went short there, again. Reaction the same, again. Have a great weekend ally {image}
just curious ... what is the Greed & Fear indie?
  • #743
  • Dec 7, 2014 5:24pm Dec 7, 2014 5:24pm
Quoting Hickson
{quote} Yes mate, you know it is tough. And it is right - the market owes me nothing. Nor do I owe the market anything. It is hard to understand from a human perspective. Compare it to fighting spirit. In sports, you can push harder. Train more. Dedicate yourself to the goal of beating the opponent. But not in the markets. There simply is no opponent that can be clearly defined. The market just does not care how hard you push. It just moves the way it wants to move. I still believe that perseverance and contiuation of learning will eventually be...
Hey Hickson,

I know you've been struggling, but like others here... I believe you'll push through and figure this game out. You definitely seem to have the drive.

In terms of having an opponent, I don't completely agree with you here. The opponent in trading is there, it's just not obvious. Your opponent is you!

Honestly, you are your own worst enemy as a trader. You'll second guess yourself constantly, make mistakes, talk yourself out of good decisions and into making bad ones, etc. etc. etc.

Go to trade every day against yourself, viewing yourself as the opponent... the one you need to defeat. It's hard to think of it like that, but I've found it to be helpful.
check out my blog: forexmademillionaire dot com
  • #744
  • Dec 7, 2014 5:41pm Dec 7, 2014 5:41pm
Quoting Geppy
{quote} Hey Hickson, I know you've been struggling, but like others here... I believe you'll push through and figure this game out. You definitely seem to have the drive. In terms of having an opponent, I don't completely agree with you here. The opponent in trading is there, it's just not obvious. Your opponent is you! Honestly, you are your own worst enemy as a trader. You'll second guess yourself constantly, make mistakes, talk yourself out of good decisions and into making bad ones, etc. etc. etc. Go to trade every day against yourself, viewing...
Thanks for your encouragement, Geppy. Without a question, the battle against the own inner voices who say: "Oh no, I think you were wrong" or "Oh, this was too early ... we should get out" or "Oh, we should take TP now, it is not going any further." are the toughest to fight in trading. Ultimately I would like to implement a system where I just set my SL and TP and withdraw myself from the platform and therefore from these inner conflitcts. But that needs a lot of experience and precision first. Then again, it might be helpful to man up and just confrontate oneself with this fight again and again.
Fix up, trade sharp ...
  • #745
  • Dec 8, 2014 4:24am Dec 8, 2014 4:24am
Quoting Geppy
{quote} Hey Hickson, I know you've been struggling, but like others here... I believe you'll push through and figure this game out. You definitely seem to have the drive. In terms of having an opponent, I don't completely agree with you here. The opponent in trading is there, it's just not obvious. Your opponent is you! Honestly, you are your own worst enemy as a trader. You'll second guess yourself constantly, make mistakes, talk yourself out of good decisions and into making bad ones, etc. etc. etc. Go to trade every day against yourself, viewing...
  • #746
  • Dec 8, 2014 4:25am Dec 8, 2014 4:25am
Anyone catched that long?
Attached Image (click to enlarge)
Click to Enlarge Name: long_50_1.png Size: 38 KB
  • #747
  • Dec 8, 2014 4:26am Dec 8, 2014 4:26am
Quoting FX-Ray
Anyone catched that long? {image}
Morning Ray. No, but I saw it
Fix up, trade sharp ...
  • #748
  • Edited 4:59am Dec 8, 2014 4:31am | Edited 4:59am
Quoting AllyB
{quote} just curious ... what is the Greed & Fear indie?
Hi Ally,

its a simple indicator to show me where buyers or sellers are positioned, in an uptrend you will repeatedly observe one pattern: Sellers attempt to short temporary lows to break it. If price then prints above their average entry they are forced to bail out.

In an downtrend its similar.

I attached a pic, compare it to the last picture I posted. Thats maybe why price retraced here. Shorted low, reaction, the question now is if we see a test and then continuation to the upside or a break. Time will tell.

Chart 1Min

Add(1): I only use it inbetween a DP
Add(2): There is another pattern what emerge more often than the other 2 (up and down), its when the market clear both buyers and seller and continue either way. I think that this pattern give crucial information how the market really works. Market indeed are efficent in term of printing prices of most liquidity (limits and stops).
Attached Image (click to enlarge)
Click to Enlarge Name: orderflow_50_1.png Size: 33 KB
  • #749
  • Dec 8, 2014 4:32am Dec 8, 2014 4:32am
Quoting Hickson
{quote} Morning Ray. No, but I saw it
Hicks, good morning. You got PM.
  • #750
  • Dec 8, 2014 4:35am Dec 8, 2014 4:35am
Quoting Geppy
{quote} Your opponent is you!
....
Ghost Rider - WWTBMD?
  • #751
  • Dec 8, 2014 4:36am Dec 8, 2014 4:36am
Quoting Geppy
{quote} Hey Hickson, I know you've been struggling, but like others here... I believe you'll push through and figure this game out. You definitely seem to have the drive. In terms of having an opponent, I don't completely agree with you here. The opponent in trading is there, it's just not obvious. Your opponent is you! Honestly, you are your own worst enemy as a trader. You'll second guess yourself constantly, make mistakes, talk yourself out of good decisions and into making bad ones, etc. etc. etc. Go to trade every day against yourself, viewing...
Hi Geppy,

welcome to the thread, Ive been posting in your thread for quite some time so feel free to contribute or post whenever you feel like.
Last but not least: I cant add anything to your post. You nailed it.

Add: A step further - I'd recommend aspiring traders to learn how to use their own biofeedback, greatest indicator ever.
  • #752
  • Dec 8, 2014 4:40am Dec 8, 2014 4:40am
Quoting albchr
{quote} ....
Good morning, Chris.
Fix up, trade sharp ...
  • #753
  • Dec 8, 2014 4:43am Dec 8, 2014 4:43am
Quoting Hickson
{quote} Good morning, Chris.
Good morning sir. I trust you had a nice weekend?
Ghost Rider - WWTBMD?
  • #754
  • Dec 8, 2014 4:44am Dec 8, 2014 4:44am
If it continue north, first target is 189.40/20 and second 190.20/10
  • #755
  • Dec 8, 2014 4:44am Dec 8, 2014 4:44am
Quoting albchr
{quote} Good morning sir. I trust you had a nice weekend?
Chris, hope you had a great one
  • #756
  • Dec 8, 2014 4:50am Dec 8, 2014 4:50am
Quoting albchr
{quote} Good morning sir. I trust you had a nice weekend?
Yes, nice christmas time celebration from our institute. The gym workout the next day was a bit tough though lol Hope yours was refreshing as well.
Fix up, trade sharp ...
  • #757
  • Dec 8, 2014 4:50am Dec 8, 2014 4:50am
Quoting FX-Ray
{quote} Chris, hope you had a great one
Good morning Ray. A rather tough one here at home but I'm still here and breathing so it's all good. And you?
Ghost Rider - WWTBMD?
  • #758
  • Dec 8, 2014 4:53am Dec 8, 2014 4:53am
Quoting albchr
{quote} Good morning Ray. A rather tough one here at home but I'm still here and breathing so it's all good. And you?
You still there, nothing else matters Had a rather chaotic weekend, glad markets opened so I can get back to "normality"

Add: You got PM chris and thats really ridiculous lol
  • #759
  • Dec 8, 2014 4:56am Dec 8, 2014 4:56am
Quoting FX-Ray
{quote} You still there, nothing else matters

Yes, that is what I keep telling myself when nothing seems to work out.

Had a rather chaotic weekend, glad markets opened so I can get back to "normality" Add: You got PM chris and thats really ridiculous lol

Fix up, trade sharp ...
  • #760
  • Dec 8, 2014 5:03am Dec 8, 2014 5:03am
Quoting 4xNewGuy
{quote} Thanks for the points Ray. I was only slightly off when I drew (10) and (11). I'm slowly beginning to understand the method to your madness.
You're welcome, as usuall. Your last sentence got me curious, please illuminate me
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