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Dragon Riders GBP/JPY

  • #3,441
  • Feb 9, 2015 5:01am Feb 9, 2015 5:01am
Quoting Tom_D_Trader
{quote} Yeh overall deleveraging is coming but think it starts as well as QE started. US first, Japan second, Brittains third and EU classics. Edit: Anyway, ofc if they´r gonna jump out of bush now and end QE it cuts me, I account loss from January and go to work .
Lets not hope that =)
  • #3,442
  • Feb 9, 2015 5:14am Feb 9, 2015 5:14am
lovely reaction at 55/50ish, run baby run

Add: Off for lunch
Add: Current profile (left historical, right live)
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  • #3,443
  • Feb 9, 2015 5:28am Feb 9, 2015 5:28am
Hello Ray, nice to see you back and the market profiles. May I ask where you get them from, I would like to do this on some other pairs?
  • #3,444
  • Edited 6:13am Feb 9, 2015 6:03am | Edited 6:13am
...Dunno whether to be happy or sad. My short got SLed because my broker's system accidentally charged me ONE HUNDRED times the normal commission ($375)).

The broker refunded the entire amount and added a bit extra (~45% of my potential profit), but I still could have made a lot more money.

....I should be happy, though, right? I still made money, so..

I'm so confused right now.

Note: This was a first despite trading well over a year with this broker, so I don't think they did it on purpose to cut my profits
  • #3,445
  • Feb 9, 2015 6:15am Feb 9, 2015 6:15am
Quoting Carl7816
Hello Ray, nice to see you back and the market profiles. May I ask where you get them from, I would like to do this on some other pairs?
Its hand-made, what profile you need?
  • #3,446
  • Feb 9, 2015 6:17am Feb 9, 2015 6:17am
Quoting FX-Ray
lovely reaction at 55/50ish, run baby run Add: Off for lunch Add: Current profile (left historical, right live) {image}
Do I translate your chart right while am buying it here according to this am in middle of nowhere?
"I know one thing, that I know nothing." Sokrates
  • #3,447
  • Feb 9, 2015 6:19am Feb 9, 2015 6:19am
Quoting Tom_D_Trader
{quote} Do I translate your chart right while am buying it here according to this am in middle of nowhere?
I dont know the reasons you went long, but I dont see anything significant so far, at least according to my chart, doesnt mean it cant go north..

Add: Short: ye somehow in nomands-land
  • #3,448
  • Feb 9, 2015 6:21am Feb 9, 2015 6:21am
Quoting FX-Ray
lovely reaction at 55/50ish, run baby run Add: Off for lunch Add: Current profile (left historical, right live) {image}
Hi Ray, may I ask what values the top horizontal line consists of? What are they representing? Volume or MA values or? Could you explain what you are comparing there?

Happy Trades
Focus only on what truly matters!
  • #3,449
  • Feb 9, 2015 6:23am Feb 9, 2015 6:23am
Quoting FX-Ray
{quote} I dont know the reasons you went long, but I dont see anything significant so far, at least according to my chart, doesnt mean it cant go north.. Add: Short: ye somehow in nomands-land
Told ya my FA reasons and also told I dont understand to techs here. Thats why am watching your charts. Please dont laugh. I have this fibo here . Half a lot on fibo crap. I deserve to burn in hell.
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"I know one thing, that I know nothing." Sokrates
  • #3,450
  • Feb 9, 2015 6:23am Feb 9, 2015 6:23am
Quoting Ata-Turkoglu
{quote} Hi Ray, may I ask what values the top horizontal line consists of? What are they representing? Volume or MA values or? Could you explain what you are comparing there? Happy Trades
Hi Ata, its a representation of turnovers. I dont use any conventional tools like MA, Volume (doesnt exists though) etc.
  • #3,451
  • Feb 9, 2015 6:26am Feb 9, 2015 6:26am
Quoting Tom_D_Trader
{quote} Told ya my FA reasons and also told I dont understand to techs here. Thats why am watching your charts. Please dont laugh. I have this fibo here . Half a lot on fibo crap. I deserve to burn in hell. {image}
Nah thats not true, the only things matters is: does it work for you or not? Anything else is just secondary. I never had any insights of MA, Volume, Fibs you name it. So I just do my own thing and it works for me. If it works for you, good for you, then keep doing it, what I am thinkin about is completely irrelevant.
  • #3,452
  • Feb 9, 2015 6:27am Feb 9, 2015 6:27am
Meanwhile in another corner of the world xD

Inserted Video
  • #3,453
  • Feb 9, 2015 6:27am Feb 9, 2015 6:27am
Fx-Ray's chart looks really good - if only I understood it properly - can someone post their view of its meaning or a ref to a post pls so I can confirm I am reading it right

Thanks ALL
  • #3,454
  • Feb 9, 2015 6:29am Feb 9, 2015 6:29am
hope to see 181,750 .
gl all
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do not stand out in the open with gun ;stand in the bushes with knife..
  • #3,455
  • Feb 9, 2015 6:30am Feb 9, 2015 6:30am
Quoting twellve
Fx-Ray's chart looks really good - if only I understood it properly - can someone post their view of its meaning or a ref to a post pls so I can confirm I am reading it right Thanks ALL
Think in turnovers, price is attracted to those because they are open positions or limit order, market is efficent according to reprint these prices. Its like an natural attraction.
  • #3,456
  • Feb 9, 2015 6:31am Feb 9, 2015 6:31am
Quoting FX-Ray
{quote} Nah thats not true, the only things matters is: does it work for you or not? Anything else is just secondary. I never had any insights of MA, Volume, Fibs you name it. So I just do my own thing and it works for me. If it works for you, good for you, then keep doing it, what I am thinkin about is completely irrelevant.
It works on pairs and certain types of waves where was measured it works. Here is total nonscence as not backtested on this pair. Am gonna burn, I know it. Is just attempt to load higher lvrg, but I dont mind if I loose most of this entry as am fine with very low lvrg waiting for a month.
"I know one thing, that I know nothing." Sokrates
  • #3,457
  • Feb 9, 2015 6:32am Feb 9, 2015 6:32am
Quoting FX-Ray
{quote} Think in turnovers, price is attracted to those because they are open positions or limit order, market is efficent according to reprint these prices. Its like an natural attraction.
I understand how they'd work overall, but in short instances of a very volatile situation (ex: let's say another event similar to the SNB price floor happen,s or the dreaded Grexit finally occurs).

Do the DPs work as well in those turbulent conditions?
  • #3,458
  • Edited 6:50am Feb 9, 2015 6:38am | Edited 6:50am
Quoting Vermillion
{quote} I understand how they'd work overall, but in short instances of a very volatile situation (ex: let's say another event similar to the SNB price floor happen,s or the dreaded Grexit finally occurs). Do the DPs work as well in those turbulent conditions?
Yes they do, news events are volatility-catalyst imho, I always used them like this because I found no way for myself to predict them accurately.

Add: Example: Lets say price is at 180.00, now take any high impact news (doesnt matter which one), and price declines lets say 300-500Pips right into a significant level, to my experience, they get touched and never again for a period of time. I like to use them as reversal-event in direction of the bigger trend (daily).

Add:
(1) Fundamentals up (ex. QE) - check
(2) Daily uprend (technical) - check
(3) News event high impact; decline 300-500 Pips,
(4) Long at significant level

Its as much as risk-free as you can get a trade, I posted once a trade like this, let me check it up..
  • #3,459
  • Feb 9, 2015 6:42am Feb 9, 2015 6:42am
Quoting Tom_D_Trader
{quote} It works on pairs and certain types of waves where was measured it works. Here is total nonscence as not backtested on this pair. Am gonna burn, I know it. Is just attempt to load higher lvrg, but I dont mind if I loose most of this entry as am fine with very low lvrg waiting for a month.
Its no rocketscience to put on a home-run, just be careful and keep MM in check, thats the most important imho. price can go anywhere anytime, no level/idea/methodology is bullet-proof (hello six sigma event ). At least thats how I picture it..
  • #3,460
  • Feb 9, 2015 6:44am Feb 9, 2015 6:44am
Quoting FX-Ray
{quote} Hi Ata, its a representation of turnovers. I dont use any conventional tools like MA, Volume (doesnt exists though) etc.
Looks promising.. will research about turnovers more.. thanks bro..

Happy Trades
Focus only on what truly matters!
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