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Dragon Riders GBP/JPY

  • #3,381
  • Feb 8, 2015 6:33pm Feb 8, 2015 6:33pm
Quoting ill_be_back
pending short gj 181.880
long gj 181.189 tp 181.825 sl 181.110
A good trader follows his rules, but great trader knows when to break them
  • #3,382
  • Feb 8, 2015 6:47pm Feb 8, 2015 6:47pm
What am I doing here in the middle of the night? I do not know ... just watching the charts, feeling clueless and closing platform lol ... atm I have absolutely no ideas (except the UCAD trades I took). Maybe tomorrow, otherwise I will just take some days off or so. But I will watch cable, it will be interesting how it reacts now after closing the gap!
Fix up, trade sharp ...
  • #3,383
  • Feb 8, 2015 6:59pm Feb 8, 2015 6:59pm
Quoting ill_be_back
{quote} long gj 181.189 tp 181.825 sl 181.110
Hourly does not look so convincing, but could be fake out before close ...
Fix up, trade sharp ...
  • #3,384
  • Feb 8, 2015 7:02pm Feb 8, 2015 7:02pm
Quoting Hickson
{quote} Hourly does not look so convincing, but could be fake out before close ...
Most likely will be S/O
A good trader follows his rules, but great trader knows when to break them
  • #3,385
  • Feb 8, 2015 7:05pm Feb 8, 2015 7:05pm
Quoting ill_be_back
{quote} Most likely will be S/O
Am long also targeting some sort of region as yourself.

Asian session "should" push higher before a retrace of some kind.
To live a successful life, we must lose our fear of being wrong
  • #3,386
  • Feb 8, 2015 7:06pm Feb 8, 2015 7:06pm
Quoting ill_be_back
{quote} Most likely will be S/O
i'm leaning 60:40 in favor of you being stopped out (corrections are just more likely than further movement up, since this is a good stop for MM to cash in profits a bit before moving up).

But, your SL is tight, and your R:R is more than acceptable. all in all, Not a bad trade. I'm also doing it right now. Just one question: At price are you looking at to get in on a short? I'm eyeing the region around 180 to be the next support.
  • #3,387
  • Feb 8, 2015 7:23pm Feb 8, 2015 7:23pm
Quoting Vermillion
{quote} i'm leaning 60:40 in favor of you being stopped out (corrections are just more likely than further movement up, since this is a good stop for MM to cash in profits a bit before moving up). But, your SL is tight, and your R:R is more than acceptable. all in all, Not a bad trade. I'm also doing it right now. Just one question: At price are you looking at to get in on a short? I'm eyeing the region around 180 to be the next support.
My Short will also have a tite SL, Expecting a FULL retrace
Lets see what happens

EDIT: But if S/O on my LONG trade, then will cancel my pending SHORT,
A good trader follows his rules, but great trader knows when to break them
  • #3,388
  • Edited 8:20pm Feb 8, 2015 7:43pm | Edited 8:20pm
Broke even on short. Waiting for clear signal to short. I don't think there's much to scalp longs here for the moment.

Update: If we reach 181.80~50, I'll add a short. If we penetrate 181 the same applies. I'll opt to not long for the moment.

All limit orders have been set, signals for chart movements in place. I'll going to hit the sack. See you all tomorrow.
  • #3,389
  • Feb 8, 2015 7:48pm Feb 8, 2015 7:48pm
Got in short with the retrace alittle late, though I believe we should at least hit 50% retrace which is 180.700 thereabouts.
Consider this a scalp with SL now at BE even though its very close.
Luck shines on the positive.
  • #3,390
  • Edited 8:54pm Feb 8, 2015 8:24pm | Edited 8:54pm
heads up....men.......the 15M just went bullish there 30 minutes ago.....meaning the oversold hit two bumps, we had three pushes to take.....a titch of divergence......and the 15M candle has gone higher than the last two candles....it's on....historically within two hours......for a probability worth trading.​
  • #3,391
  • Feb 8, 2015 8:47pm Feb 8, 2015 8:47pm
Lots of people here tend to make calls for movement on this pair without providing any kind of reasoning and without charts to back up such calls. I believe that if no charts can be seen to show why we speculate for prices to move up or down then it's just a waste of time for everyone. We can learn more from one another if we can show WHY? Otherwise then it's a signal service when posting.
  • #3,392
  • Feb 8, 2015 8:54pm Feb 8, 2015 8:54pm
Quoting YvetteTeo
Got in short with the retrace alittle late, though I believe we should at least hit 50% retrace which is 180.700 thereabouts. Consider this a scalp with SL now at BE even though its very close.
i also short at 181.2 with 181.4 stop.
Gold Expedition Return This Year: -16.4%
  • #3,393
  • Feb 8, 2015 10:35pm Feb 8, 2015 10:35pm
Quoting Ironman777
Lots of people here tend to make calls for movement on this pair without providing any kind of reasoning and without charts to back up such calls. I believe that if no charts can be seen to show why we speculate for prices to move up or down then it's just a waste of time for everyone. We can learn more from one another if we can show WHY? Otherwise then it's a signal service when posting.
10-4, it's probabilities, huh!!
  • #3,394
  • Feb 8, 2015 10:41pm Feb 8, 2015 10:41pm
Current Price Action inside BB Period 50, Std deviation 1,2 & 3;
which also means that PA can continue to head north to 182 & if strong 186.2
Ichimoku cloud- No mans land
My 2 cents, pa will move towards 182 and float.
Bought @ 181.38
Happy Trading guys
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  • #3,395
  • Feb 8, 2015 11:25pm Feb 8, 2015 11:25pm
Quoting melvinlimmy
Current Price Action inside BB Period 50, Std deviation 1,2 & 3; which also means that PA can continue to head north to 182 & if strong 186.2 Ichimoku cloud- No mans land My 2 cents, pa will move towards 182 and float. Bought @ 181.38 Happy Trading guys {image}{image}

cool post....the daily cloud......no divergence seen there yet....what about the 4H, I wonder....My buddy Ian says the nfp moves could go a little bit more then fall back.
  • #3,396
  • Feb 9, 2015 12:08am Feb 9, 2015 12:08am
Quoting Gbp/jpy
{quote} 10-4, it's probabilities, huh!!
Well yes, every trade has a probable out come. My point is that in order to better contribute to the learning process in becoming better traders we should back up our thinking process with a simple chart where we see where prices are at that particular moment what reasons we have for taking such trade and show everyone our entry, SL and TP targets as we call it. Anyone can just say: " this pair is to move 20-40 pips north or south from where its at now and then it'll retrace 80 cause it hasn't done so in a while and it must be over bought or sold so chances are good for this to happen"... Acting this way shows no skills to anyone and I guarantee that other traders and maybe good ones that would like to offer their opinions to where we could pick up some good input will must likely stay away from this thread as no one is interested in just watch some people making random calls with no evidence...

Hey traders, if we all commit ourselves to just take a simple pic and show everyone the logic behind our trades with small simple details as to what we see think and trade the way we do as scalpers, day traders, swing or position traders, we will help ourselves in tremendous ways not only to show that you have the discipline to log everyone of your trades which in turn will help you see your best set ups, when they happen and how good you are to spot them and act on them etc but it will also show everyone here that we are not here to fuck around and we mean business...
  • #3,397
  • Feb 9, 2015 12:26am Feb 9, 2015 12:26am
Quoting Ironman777
{quote} Well yes, every trade has a probable out come. My point is that in order to better contribute to the learning process in becoming better traders we should back up our thinking process with a simple chart where we see where prices are at that particular moment what reasons we have for taking such trade and show everyone our entry, SL and TP targets as we call it. Anyone can just say: " this pair is to move 20-40 pips north or south from where its at now and then it'll retrace 80 cause it hasn't done so in a while and it must be over bought...
I'm sorry if my calls didn't come with charts because I don't always have the time to do that. But I do back my calls with technical explanations like percentage of retrace or resistance/support levels as targets. I hope traders can see those levels on their own charts and learn to relate. Those are really very basic technical readings, if you find it hard to relate when I provide those levels then I suggest simply to ignore my posts.
Good luck!
Luck shines on the positive.
  • #3,398
  • Feb 9, 2015 12:36am Feb 9, 2015 12:36am
Quoting Ironman777
{quote} Well yes, every trade has a probable out come. My point is that in order to better contribute to the learning process in becoming better traders we should back up our thinking process with a simple chart where we see where prices are at that particular moment what reasons we have for taking such trade and show everyone our entry, SL and TP targets as we call it. Anyone can just say: " this pair is to move 20-40 pips north or south from where its at now and then it'll retrace 80 cause it hasn't done so in a while and it must be over bought...
I will be buyer here at 181.89

No shorts.
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If you are good at something, never do it for free--Joker
  • #3,399
  • Feb 9, 2015 12:49am Feb 9, 2015 12:49am
Quoting Ironman777
Lots of people here tend to make calls for movement on this pair without providing any kind of reasoning and without charts to back up such calls. I believe that if no charts can be seen to show why we speculate for prices to move up or down then it's just a waste of time for everyone. We can learn more from one another if we can show WHY? Otherwise then it's a signal service when posting.
I always believe that any of the man made rules in this world are bendable.. changeable.. tolerable.. which means even if there were a rule (although I never heard of one) that says -a chart must be provided- I still believe this could be one of those relative rules.. I agree, seeing is believing and a chart is better than thousand words yes..... but said that, it still doesn't bother me if someone can explain clear enough by writing, why he takes a trade or what he thinks about the short or long-term future of any pair.. and those who just post like a signal service are still doing well.. so please keep posting guys.. this is a brainstorming area.. say out loud what you think.. provide your posts solely written or with charts and the ones who know what they are doing will make use of it.. the ones who don't know what they are doing maybe will be confused sometimes but as long as they don't know what they are doing I think they should blame themselves if they feel distracted by nonsense comments.

Happy Trades
Focus only on what truly matters!
  • #3,400
  • Feb 9, 2015 1:23am Feb 9, 2015 1:23am
In the chart below I explained my thoughts about where we are now and what to do in coming days. I will definitely stay bullish, but there will be also nice chances to scalp downside movements. So it's gonna be tight. Be aware that we are trapped inbetween 2 thick zones on daily. 4H chart is still bullish.

And a tip for those who look for an opportunity to go short: Don't go short as long as price is still above clouds on 1 minute and 5 minute ichimoku cloud

Happy Trades
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Focus only on what truly matters!
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