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Dragon Riders GBP/JPY

  • #1,701
  • Jan 3, 2015 11:23am Jan 3, 2015 11:23am
Yuck, that Euro long of mine looks doomed to failure, extremely bearish. Must escape it at the open and back to GJ again. 23 pip loss so far and 1.20 is not likely to hold.
Be humble or be humbled.
  • #1,702
  • Jan 3, 2015 11:29am Jan 3, 2015 11:29am
Quoting whatever007
{quote} Entry off by a mile as usual with this thing, maybe back to 187 next week.
What time frame do you trade? That is the question that determines the entry.
Be humble or be humbled.
  • #1,703
  • Jan 3, 2015 12:59pm Jan 3, 2015 12:59pm
first time posting my GBP/JPY,> swing trading position.
December month closed with a sell signal, sold it @ 187.00 / SL @ 187.81 /

the main price target on this swing trading campaign is @ 180.14!

1st profit target is @ 184.36 / 2nd profit target @ 183.60 / 3rd profit target @ 181.79

if the market Dragon really lets it go then i'm going for @ 174.31


Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-03_GBP_JPY_Campaign.jpg Size: 263 KB



happy trading in 2015!
  • #1,704
  • Jan 3, 2015 4:14pm Jan 3, 2015 4:14pm
Hi, since I did not get the chance yet due to a heavy flu I had to kill, I wish everyone a blissful new year with successful trading and, what is most important healthy life with your loved ones. Happy new year 2015!
Fix up, trade sharp ...
  • #1,705
  • Jan 4, 2015 8:48am Jan 4, 2015 8:48am
Quoting Temujin
{quote} What time frame do you trade? That is the question that determines the entry.
This is swing trade. I use at least a 50-100 pip stop and TP when I trade this thing. I can't do better.

We have a 50% pullback of the last leg up with two roughly equal legs down. Now looking for a move back to 187, maybe even 189 if the market decides to get back into bull mode next week.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,706
  • Jan 4, 2015 10:17am Jan 4, 2015 10:17am
Quoting Hickson
Hi, since I did not get the chance yet due to a heavy flu I had to kill, I wish everyone a blissful new year with successful trading and, what is most important healthy life with your loved ones. Happy new year 2015!
Good health and plenty of wealth to you this year Hickson!
Be humble or be humbled.
  • #1,707
  • Jan 4, 2015 10:21am Jan 4, 2015 10:21am
Quoting whatever007
{quote} This is swing trade. I use at least a 50-100 pip stop and TP when I trade this thing. I can't do better. We have a 50% pullback of the last leg up with two roughly equal legs down. Now looking for a move back to 187, maybe even 189 if the market decides to get back into bull mode next week.
This thing is showing lower highs and lower lows now. 181.50?
Be humble or be humbled.
  • #1,708
  • Jan 4, 2015 10:26am Jan 4, 2015 10:26am
Happy new year everyone, wish you guys success and luck for 2015.

Decision points calendar week 02'15 for GBP/JPY:

(1) 190.60/50
(2) 189.80/70
(3) 189.10/00
(4) 188.70/60
(5) 187.30/20
(6) 186.50/40
(7) 185.90/80
(8) 183.60/50
(9) 182.30/20
(10) 180.90/80
(11) 179.90/80
(12) 179.30/20
(13) 178.00/7.90
(14) 177.00/6.90
(15) 176.60/50
(16) 176.10/00
(17) 174.30/20
(18) 173.20/10
(19) 172.60/50
(20) 171.40/30
(21) 170.60/50
(22) 170.00/9.90
(23) 169.80/70
(24) 168.10/00
(25) 167.60/50

Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: stat_2'15.png Size: 276 KB
Attached File(s)
File Type: tpl DP_[GJ]_CW_02'15.tpl   19 KB | 379 downloads
  • #1,709
  • Jan 4, 2015 11:12am Jan 4, 2015 11:12am
subscribing, this pair is amazing to trade, and i will love ideas, I will share mine to if i feel like i have a brilliant idea on this pair
  • #1,710
  • Jan 4, 2015 11:17am Jan 4, 2015 11:17am
Quoting Temujin
{quote} This thing is showing lower highs and lower lows now. 181.50?
If you zoom out a bit it looks like consolidation in a strong uptrend. Either way we will find out in a day or two.

Attached Image (click to enlarge)
Click to Enlarge Name: GJ.png Size: 76 KB
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,711
  • Jan 4, 2015 11:21am Jan 4, 2015 11:21am
Quoting Temujin
{quote} Good health and plenty of wealth to you this year Hickson!
Thankyou mate, same to you!
Fix up, trade sharp ...
  • #1,712
  • Jan 4, 2015 4:40pm Jan 4, 2015 4:40pm
Quoting FX-Ray
Happy new year everyone, wish you guys success and luck for 2015. Decision points calendar week 02'15 for GBP/JPY: (1) 190.60/50 (2) 189.80/70 (3) 189.10/00 (4) 188.70/60 (5) 187.30/20 (6) 186.50/40 (7) 185.90/80 (8) 183.60/50 (9) 182.30/20 (10) 180.90/80 (11) 179.90/80 (12) 179.30/20 (13) 178.00/7.90 (14) 177.00/6.90 (15) 176.60/50 (16) 176.10/00 (17) 174.30/20 (18) 173.20/10 (19) 172.60/50 (20) 171.40/30 (21) 170.60/50 (22) 170.00/9.90 (23) 169.80/70 (24) 168.10/00 (25) 167.60/50 https://www.youtube.com/watch?v=9fpO_oAAzzQ {image} {file}...
happy new year to you too
  • #1,713
  • Jan 4, 2015 5:03pm Jan 4, 2015 5:03pm
Fx-Ray,

Can you tell me where to get more info on how to use the decision points?

Thanks
  • #1,714
  • Jan 4, 2015 5:07pm Jan 4, 2015 5:07pm
Gidday

Wow this has to be gambling at its best

just like the old days

just need to catch a spike an hang on
  • #1,715
  • Jan 4, 2015 8:26pm Jan 4, 2015 8:26pm
Holy cow, so much for a quiet open what the heck happened?
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #1,716
  • Jan 4, 2015 10:45pm Jan 4, 2015 10:45pm
Quoting whatever007
Holy cow, so much for a quiet open what the heck happened?
Oh no, I hope this thing is not probing where it is headed, Had to close that stupid euro long of mine as I am the only trader buying in the whole world I found out. Loss of 50 pips. Long GBP/JPY @ 184.29. Will try to trade swings now like you.
Be humble or be humbled.
  • #1,717
  • Jan 4, 2015 10:46pm Jan 4, 2015 10:46pm
Quoting FX-Ray
Happy new year everyone, wish you guys success and luck for 2015. Decision points calendar week 02'15 for GBP/JPY: (1) 190.60/50 (2) 189.80/70 (3) 189.10/00 (4) 188.70/60 (5) 187.30/20 (6) 186.50/40 (7) 185.90/80 (8) 183.60/50 (9) 182.30/20 (10) 180.90/80 (11) 179.90/80 (12) 179.30/20 (13) 178.00/7.90 (14) 177.00/6.90 (15) 176.60/50 (16) 176.10/00 (17) 174.30/20 (18) 173.20/10 (19) 172.60/50 (20) 171.40/30 (21) 170.60/50 (22) 170.00/9.90 (23) 169.80/70 (24) 168.10/00 (25) 167.60/50 https://www.youtube.com/watch?v=9fpO_oAAzzQ {image} {file}...
Thanks for the template Ray. Good to see you here on your own thread, cheers.
Be humble or be humbled.
  • #1,718
  • Edited 1:26am Jan 5, 2015 12:48am | Edited 1:26am
MOnday is a BUY signal day on this Dragon,
target @ 185.64, looking for more buyers right now GBP/JPY is
.....otherwise it will continue on its journey according to its geometric target

London markets are about to open, interesting to see how they do, .....how many buyers they will bring forward.


there it goes / the first target of this buying spree is @ 184.28 , 2nd @ 184.64 / 3rd @ 185.24 and finally @ 185.64
  • #1,719
  • Jan 5, 2015 4:30am Jan 5, 2015 4:30am
Quoting Carl7816
Fx-Ray, Can you tell me where to get more info on how to use the decision points? Thanks
Hi Carl, I use these points as reference, it depends on your style of trading how to use them. You can use them in up, down and rangebound markets as entry or take profit points or measurement of strength or weakness.
  • #1,720
  • Jan 5, 2015 6:27am Jan 5, 2015 6:27am
Quoting Temujin
{quote} Oh no, I hope this thing is not probing where it is headed, Had to close that stupid euro long of mine as I am the only trader buying in the whole world I found out. Loss of 50 pips. Long GBP/JPY @ 184.29. Will try to trade swings now like you.
Nope, you weren't the only one man. I had a long on it too. Fortunately my SL was set to 10. I saw a nice doji leg forming on it, so I went long. Now it's showing a reversal leg instead.... quite frustrating.

I'm really hating working sundays at my job. I mean, the money's great on that day, but I come back and look at my charts on days like today, and find that the market did what I wanted when I was away, and now is doing the opposite when I'm at home. Had a nice 24 pip gain on a long on the U/J earlier, went out to buy some groceries, found it hit my SL at 10 pips (positive though, fortunately I moved that above BE before I went out).

A strong day today so far. Which is really bizarre. You'd think since the big traders are back in the game now, that things would stabilize a bit.

Ah well, we'll see what pans out tomorrow.
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