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Dragon Riders GBP/JPY

  • #941
  • Dec 9, 2014 8:56am Dec 9, 2014 8:56am
Quoting Vermillion
Hey FX-Ray, I'm hedging my bets that in the event the price falls below 185 (December 1 support), we'll see further temporary correction. What are the odds of 185 being breached though? Note: I expect 186 to be it.
It depends on 186.75/45 now; if it gets taken out next is DP 185.70/50; if not next probably DP 187.80/60
  • #942
  • Dec 9, 2014 8:58am Dec 9, 2014 8:58am
Quoting PayTheLimit
{quote} going to lunch...bbl
Retrace completing. Check that swing long with momentum at 187.2x for the close....

GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #943
  • Dec 9, 2014 8:58am Dec 9, 2014 8:58am
Quoting cblack
{quote} YES I DO @189.60
Nice, you should protect profits by moving SL above DPs

Add: in this case above 187.80/60, if it gets above and sustains it probably hunt all those shorts to 189.40/20; if 187.80/60 holds and takes out 186.75/45 next should be 185.70/60; so you are still in the ride without giving away to much profit + potential to make some more.
  • #944
  • Dec 9, 2014 9:02am Dec 9, 2014 9:02am
Quoting sisse
{quote} Retrace completing. Check that swing long with momentum at 187.2x for the close.... GL sisse
Hi Sisse,

which close you mean?

Add: Hourly right?

Cheers
  • #945
  • Dec 9, 2014 9:04am Dec 9, 2014 9:04am
Quoting heriyadi
{quote} Ah should learn more, mine closed already but in overall I got 110 pips today. Any material you recommended? Strategy you used?
I am not the one to teach anybody here. Been in this game for only one year now and hustle every day against my own mistakes. I still did not fully recover my early losses. You already took 110 pips, which is great. Do not let it become a loser is all I can say. Happened to me often earlier. Strategy - well, it is just simply looking at the important levels and watching how price behaves there. Guess it is all experience and I still have to gather a ton of it.
Fix up, trade sharp ...
  • #946
  • Dec 9, 2014 9:09am Dec 9, 2014 9:09am
Quoting FX-Ray
{quote} It depends on 186.75/45 now; if it gets taken out next is DP 185.70/50; if not next probably DP 187.80/60
Okay.. next is DP 185.70/50 if 186.75/45 holds as resistance; if DP 185.70/50 holds I try to go long for DP 187.80/60; profit margin around 210pips
  • #947
  • Dec 9, 2014 9:09am Dec 9, 2014 9:09am
Quoting FX-Ray
{quote} Hi Sisse, which close you mean? Cheers
For the swing daily close to (190.4x) and weekly to (192.9x) with extension in monthly to (194.4x). ... don't get burn intraday but there is also a playable rejection on h4 in the next few bars...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #948
  • Dec 9, 2014 9:12am Dec 9, 2014 9:12am
Quoting FX-Ray
{quote} Nice, you should protect profits by moving SL above DPs Add: in this case above 187.80/60, if it gets above and sustains it probably hunt all those shorts to 189.40/20; if 187.80/60 holds and takes out 186.75/45 next should be 185.70/60; so you are still in the ride without giving away to much profit + potential to make some more.
Taken out support pretty fast. Dollar retracement across the board and heavy panic selling/profit taking. Fear and Greed ...
Fix up, trade sharp ...
  • #949
  • Dec 9, 2014 9:13am Dec 9, 2014 9:13am
Quoting sisse
{quote} For the swing daily close to (190.4x) and weekly to (192.9x) with extension in monthly to (194.4x). ... don't get burn intraday but there is also a playable rejection on h4 in the next few bars... sisse
Dont worry Thanks for clarification, am paying attention for 185.70/50 for now.
  • #950
  • Dec 9, 2014 9:14am Dec 9, 2014 9:14am
Quoting Hickson
{quote} Taken out support pretty fast. Dollar retracement across the board and heavy panic selling/profit taking. Fear and Greed ...
Yes indeed, I watch for fear topping out around 185.70/60; because if it does, there should be a decent reaction
  • #951
  • Dec 9, 2014 9:17am Dec 9, 2014 9:17am
Still held onto my longs from 188.5.

Yeah, I know. I manage to sell in the other direction and snagged a few hundred dollars though.

Still, very stupid of me for intraday standards
  • #952
  • Dec 9, 2014 9:19am Dec 9, 2014 9:19am
Im long here @ 185.70/50
  • #953
  • Dec 9, 2014 9:25am Dec 9, 2014 9:25am
Quoting FX-Ray
Im long here @ 185.70/50
were's your Stop loss at?
  • #954
  • Dec 9, 2014 9:25am Dec 9, 2014 9:25am
Quoting FX-Ray
{quote} Yes indeed, I watch for fear topping out around 185.70/60; because if it does, there should be a decent reaction
Taking Profit, time to leave a little sunshine for the other guys and call it a day ...
Fix up, trade sharp ...
  • #955
  • Dec 9, 2014 9:26am Dec 9, 2014 9:26am
Quoting Vermillion
{quote} were's your Stop loss at?
Below DP 185.70/50 at 30ish
  • #956
  • Dec 9, 2014 9:54am Dec 9, 2014 9:54am
It was a really wild ride today, I am so glad I had FX-Rays points as a guide as I am a newbie here anyway I am up 50 pips and I am Happy
  • #957
  • Dec 9, 2014 9:54am Dec 9, 2014 9:54am
Quoting FX-Ray
{quote} Below DP 185.70/50 at 30ish
Okay im out and done.

Add: Stopped out once, then she ran.
Add(2): At a test of 185.70/50 I'll look for a re-entry, if it holds.
  • #958
  • Dec 9, 2014 9:57am Dec 9, 2014 9:57am
Why. My stop loss is the current low for today (185.20). Price then jumped up 120 pips.

Wow. The EXACT same number.

  • #959
  • Dec 9, 2014 9:58am Dec 9, 2014 9:58am
Quoting dragonfoxsl
It was a really wild ride today, I am so glad I had FX-Rays points as a guide as I am a newbie here anyway I am up 50 pips and I am Happy
Glad it worked for you, they tend to keep you out of trouble, well done
  • #960
  • Dec 9, 2014 10:02am Dec 9, 2014 10:02am
Its above 186.75/45, if she holds above you may see a squeeze to DP 187.80/60
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