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Dragon Riders GBP/JPY

  • #1,341
  • Dec 16, 2014 4:46am Dec 16, 2014 4:46am
Quoting Vermillion
While Fx-Ray said that the next support following the breach of this decision point will be around 181.1/10.90, I think we'll see a small bounce around 183, which was a repeatedly tested resistance back in the 3rd week of November (Nov 14-20). Of course, this is assuming we even get past the 183.90. I currently have a short at 184.6. SL at slightly above break even. Anyone else with positions on the geppy right now? Or are you all sitting back and waiting for the British data to come through?
Thats what Ive meant Vermillion, went right through 183.00..
  • #1,342
  • Dec 16, 2014 4:51am Dec 16, 2014 4:51am
Curious. Why didn't it retest the previous support of 181.00? That was the support for early/mid November.

Ah well, who cares as to why it's doing that. Might as well go with the flow.
  • #1,343
  • Dec 16, 2014 4:56am Dec 16, 2014 4:56am
Quoting FX-Ray
{quote} Thats what Ive meant Vermillion, went right through 183.00..
And you were absolutely correct. One more good reason to stay cautious about holiday trading...especially with the dragon.
  • #1,344
  • Dec 16, 2014 5:07am Dec 16, 2014 5:07am
Chart daily

I'll wait for DP 181.10/80.90 for going long to the recent high at 189.70.
Attached Image (click to enlarge)
Click to Enlarge Name: daily2.png Size: 40 KB
  • #1,345
  • Dec 16, 2014 5:10am Dec 16, 2014 5:10am
Quoting Vermillion
Curious. Why didn't it retest the previous support of 181.00? That was the support for early/mid November. Ah well, who cares as to why it's doing that. Might as well go with the flow.
Until now the week was easy, at the break of DP 185.70/50 most should have known next is 183.90/70; same with 183.90/70.. even it failed to test 181.10/80.90..
  • #1,346
  • Dec 16, 2014 5:28am Dec 16, 2014 5:28am
Quoting FX-Ray
{quote} second try E/U? {image} {image}
anyone payed attention to E/U? second try did it..
  • #1,347
  • Dec 16, 2014 5:29am Dec 16, 2014 5:29am
lol, stopped out on the spike for more than was set and up again. Done for the day.
Fix up, trade sharp ...
  • #1,348
  • Dec 16, 2014 5:40am Dec 16, 2014 5:40am
Quoting Hickson
lol, stopped out on the spike for more than was set and up again. Done for the day.
Agreed. This is a nightmare. I keep getting stopped out at the key points. I'm just going back to bed.
  • #1,349
  • Dec 16, 2014 5:45am Dec 16, 2014 5:45am
Quoting FX-Ray
{quote} anyone payed attention to E/U? second try did it..
if 25ish is resistance it goes the whole way back to 2375, otherwise next is 2575
  • #1,350
  • Dec 16, 2014 5:48am Dec 16, 2014 5:48am
Quoting Vermillion
{quote} Agreed. This is a nightmare. I keep getting stopped out at the key points. I'm just going back to bed.
I sometimes wonder if I should use stops at all ... they cost me a lot of money. Then on the other hand a draw down of a few hundert pips is not my cup of tea. Tough situation.
Fix up, trade sharp ...
  • #1,351
  • Dec 16, 2014 5:49am Dec 16, 2014 5:49am
Quoting Hickson
{quote} I sometimes wonder if I should use stops at all ... they cost me a lot of money. Then on the other hand a draw down of a few hundert pips is not my cup of tea. Tough situation.
Still believe you guys are over-leveraged, why not go half the position with a wider stop? or use ATR to adjust your stop to market?
No offence, just my 2 cents.
  • #1,352
  • Dec 16, 2014 5:52am Dec 16, 2014 5:52am
Quoting FX-Ray
{quote} Still believe you guys are over-leveraged, why not go half the position with a wider stop? or use ATR to adjust your stop to market? No offence, just my 2 cents.
Stop was about 60 pips and about 1 % loss of account. One could think this is ok, but maybe not on this pair.
Fix up, trade sharp ...
  • #1,353
  • Dec 16, 2014 5:53am Dec 16, 2014 5:53am
Quoting Hickson
{quote} Stop was about 60 pips and about 1 % loss of account. One could think this is ok, but maybe not on this pair.
okay where did you enter?
  • #1,354
  • Dec 16, 2014 6:10am Dec 16, 2014 6:10am
Quoting FX-Ray
{quote} if 25ish is resistance it goes the whole way back to 2375, otherwise next is 2575
out for 65ish
  • #1,355
  • Dec 16, 2014 6:10am Dec 16, 2014 6:10am
Quoting FX-Ray
{quote} okay where did you enter?
182.307
Fix up, trade sharp ...
  • #1,356
  • Dec 16, 2014 6:12am Dec 16, 2014 6:12am
Quoting Hickson
{quote} 182.307
you sold low.. look back today, if you had used your SL of 60pips of the right side you'd had a great day.
Probably your gut feeling already told you.. use your biofeedback.
  • #1,357
  • Dec 16, 2014 6:14am Dec 16, 2014 6:14am
Quoting FX-Ray
{quote} you sold low.. look back today, if you had used your SL of 60pips of the right side you'd had a great day. Probably your gut feeling already told you.. use your biofeedback.
I bought there ^^ Just not exactly 60, was a mistake though.
Fix up, trade sharp ...
  • #1,358
  • Dec 16, 2014 6:17am Dec 16, 2014 6:17am
i think we finished iii in big wave 3 and now i am expecting some pull back (50 to 80 pips) may be my analysis may worng.... let see
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy2.jpg Size: 486 KB
  • #1,359
  • Dec 16, 2014 6:22am Dec 16, 2014 6:22am
Quoting Hickson
{quote} I bought there ^^ Just not exactly 60, was a mistake though.
Okay.. dangerous trade though.
  • #1,360
  • Dec 16, 2014 6:24am Dec 16, 2014 6:24am
Quoting FX-Ray
{quote} Okay.. dangerous trade though.
I wonder if there are any "safe" trades. If I could find these, I would only trade them.
Fix up, trade sharp ...
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