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Dragon Riders GBP/JPY

  • #861
  • Edited 12:44pm Dec 8, 2014 12:32pm | Edited 12:44pm
Ok, my bad, and apologies for interrupting the conversation. Nice call on the bear flag! I shorted it just before it collapsed. LOL... still not happy about it tho. Makes me wish I held onto my short last night from 121.40, but oh well, can't win em all.
Please check out my blog at https://from-zero-to-hero . net
  • #862
  • Dec 8, 2014 12:54pm Dec 8, 2014 12:54pm
Quoting smash1820
Ok, my bad, and apologies for interrupting the conversation. Nice call on the bear flag! I shorted it just before it collapsed. LOL... still not happy about it tho. Makes me wish I held onto my short last night from 121.40, but oh well, can't win em all.
No Problem, well you recommended a clear buy but sold it

According to your statement "still not happy about" your "method" is based on reversals?
Maybe you should consider just to follow the current trend and use your methodology as additional tool. You might get better results. Just my 2 cents
  • #863
  • Dec 8, 2014 1:43pm Dec 8, 2014 1:43pm
quick update:

got stopped out on the first attempt, after that I set pendings at 60,50 and 40, one didnt get filled though, I play a break of 189.40/20 because if it does 190.20/10 is most likely. Optimal target is 191.00/90.80.
Attached Image (click to enlarge)
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  • #864
  • Edited 2:07pm Dec 8, 2014 1:49pm | Edited 2:07pm
I'm waiting for the waves c

Tomorrow if macro data from the UK will be good version of wave C to Garbage
Attached Image (click to enlarge)
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  • #865
  • Dec 8, 2014 3:45pm Dec 8, 2014 3:45pm
Quoting FX-Ray
quick update: got stopped out on the first attempt, after that I set pendings at 60,50 and 40, one didnt get filled though, I play a break of 189.40/20 because if it does 190.20/10 is most likely. Optimal target is 191.00/90.80. {image}
nice pending orders there Ray
  • #866
  • Edited 5:05pm Dec 8, 2014 4:51pm | Edited 5:05pm
Quoting FX-Ray
No Problem, well you recommended a clear buy but sold it According to your statement "still not happy about" your "method" is based on reversals? Maybe you should consider just to follow the current trend and use your methodology as additional tool. You might get better results. Just my 2 cents
Hi Ray,

Yes, I guess you could say my method is based on reversals (as to be differentiated from "counter-trend")... because I don't know what else I'd call it. There is one indicator that is particularly good at predicting them. However, there is a reason "reversals" are the last of the Al Brook's series on trading: they are not easy!

I try to apply my method to all markets in all market conditions (not just trends) -- which is, by far, the most difficult part. But in terms of my last few trades, I broke so many of my own rules trying to impress you guys, I think that is what I'm the most disappointed about. I do not have the holy grail just yet. Or, maybe I do have it, but I certainly don't utilize it the way I should. And it isn't automated yet either. But I am getting awfully close. I just so happen to be my own worst enemy, which complicates the matter quite a bit.

Sometimes I daytrade, sometimes I swing trade, sometimes I will invest (on very rare occasions). Sometimes I have no patience at all, and sometimes I have all the patience in the world. One of the problems I still face though is deciding what instrument to trade in terms of volatility, or the lack thereof. I find ATR to be useless in this manner, but perhaps I am using it the wrong way, or haven't spent enough time on it yet? I don't know. Either way, I am headed to the library now to do some more research on things -- particularly Fibonacci, which I have never ever used and swore I never would.

Anyways, all the best to you guys. It may be a while before I post here again. At least until I get some of my confidence back. The one thing I will say though, that you guys are absolutely right about, is once this 4H chart tops out, you're going to see one hell of a selloff... I just hope it doesn't happen while I'm asleep.
Please check out my blog at https://from-zero-to-hero . net
  • #867
  • Dec 8, 2014 6:58pm Dec 8, 2014 6:58pm
Finally, UJ is at 121 again. It should have been here hours ago though.
Please check out my blog at https://from-zero-to-hero . net
  • #868
  • Dec 8, 2014 8:07pm Dec 8, 2014 8:07pm
Bah. I hate covering for people at work. Missed that nice little 35 pip reversal that started about an hour ago.

Ah well, can't catch them all. Fortunately, the week is still very much young.
  • #869
  • Dec 8, 2014 9:51pm Dec 8, 2014 9:51pm
What in earth happening?
  • #870
  • Dec 8, 2014 9:59pm Dec 8, 2014 9:59pm
Quoting heriyadi
What in earth happening?
Beats me. But as usual, I'm betting some banks had insider information on something. This is the kind of crap I hate in forex. A sudden surge on the 15m across all yen pairs, yet no reason as to why it's even happening.

edit: Or at least we have no idea why it's even happening, since I can't come across any mention of it anywhere.
  • #871
  • Dec 8, 2014 10:03pm Dec 8, 2014 10:03pm
Quoting 4xNewGuy
{quote} Beats me. But as usual, I'm betting some banks had insider information on something. This is the kind of crap I hate in forex. A sudden surge on the 15m across all yen pairs, yet no reason as to why it's even happening. edit: Or at least we have no idea why it's even happening, since I can't come across any mention of it anywhere.
Well I make my 30 pips profit, sometimes you wish you don't set TP and it will be 100.
  • #872
  • Dec 8, 2014 10:05pm Dec 8, 2014 10:05pm
Hi Folks,
Yes I am a Lurker of many years.
The Dragon........Talk about a wild card....I only trade this beast and I did not see this sudden surge coming..Bloody Hell !!!!!!!!!!!!!!!!!
Cheers,
Ronald
Ronnie Renko
  • #873
  • Dec 8, 2014 10:05pm Dec 8, 2014 10:05pm
gonna look for longs in UJ if they break 120.07, and looking for longs in EY already...
Look Sharp/Trade Tight
  • #874
  • Dec 8, 2014 10:10pm Dec 8, 2014 10:10pm
The only news I got is this.

S&P chief global economist Paul Sheard, speaking in Tokyo and Headlines crossing Bloomberg:

  1. Ending deflation, raising Japan growth is Abenomics aim
  2. Tax delay, BOJ October easing best way to escape deflation
  3. Abenomics focus to shift back to 3rd arrow next year

more to come

form forex live

  • #875
  • Dec 8, 2014 10:12pm Dec 8, 2014 10:12pm
a bullish gartley just completed on the geppy but after this strong move to the downside and the break of previous highs I´m passing on it as I see more downside to come
  • #876
  • Dec 8, 2014 10:13pm Dec 8, 2014 10:13pm
id wait on GBP data tonight before taking any positions in this beast, unless of course you like gambling.
  • #877
  • Dec 8, 2014 10:13pm Dec 8, 2014 10:13pm
Quoting ElonMusketee
a bullish gartley just completed on the geppy but after this strong move to the downside and the break of previous highs I´m passing on it as I see more downside to come
indeed, maybe the bastards run 187.27 too, while their at it...
Look Sharp/Trade Tight
  • #878
  • Dec 8, 2014 10:20pm Dec 8, 2014 10:20pm
Quoting PayTheLimit
{quote} indeed, maybe the bastards run 187.27 too, while their at it...
If they do 186.81 is the next big demand level
  • #879
  • Dec 8, 2014 10:27pm Dec 8, 2014 10:27pm
Quoting ElonMusketee
{quote} If they do 186.81 is the next big demand level
what TF are you using to get that one, I dont see it, but to be honest, below 187.27, it looks messy to me, nothing jumps out at me I mean, not till much lower...
Look Sharp/Trade Tight
  • #880
  • Dec 8, 2014 10:31pm Dec 8, 2014 10:31pm
Quoting PayTheLimit
{quote} what TF are you using to get that one, I dont see it, but to be honest, below 187.27, it looks messy to me, nothing jumps out at me I mean, not till much lower...
1H or 4H
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