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Dragon Riders GBP/JPY

  • #3,541
  • Feb 10, 2015 8:01am Feb 10, 2015 8:01am
Quoting Gbp/jpy
{quote} good deal huh!....I didn't sell the high thinking the feb 2 low was major....no MAJOR LOW. Your scalp is working.....
My targets are based on fib extension calculations and they 90% work well

...one more thing: A close below 181.84 on 5 min means more bearish or sideways move.. if so not worth to take a trade.. it would mean it will be boring..

Happy Trades
Focus only on what truly matters!
  • #3,542
  • Feb 10, 2015 8:10am Feb 10, 2015 8:10am
Quoting Vermillion
{quote} No kidding. I also got some losses, but I made the back with the TP on 181.30. Only problem is, I didn't reload when the price showed signs of penetration upwards because I was SLEEPING. ....Naps are the bane of my existence. Instead, I get a long in juuuust before the rise back up. Guess I should be happy, but I already lost 40 pips in profit...I hereby swear that I will never sleep again .{image} Edit: .....maybe no sleeping while trading. Yeah, let's go with that.
Ah, sleeping......it gets easier, but trading will try to take over our very being for the sessions we keep at it.
I finally found places to enter with a 7 pip stop loss, and go outside .....letting the probability run into the stop if it wishes.
Yep, the hardest part is sleeping with a trade running....and having the light from the monitor not let us get any good sleep, HUH!
  • #3,543
  • Feb 10, 2015 8:40am Feb 10, 2015 8:40am
Probably going to take profit around 182.30. We have 20 min. left before US & UK news come into play ad throw the bulls off for a bit.
  • #3,544
  • Feb 10, 2015 8:42am Feb 10, 2015 8:42am
Quoting Tom_D_Trader
{quote} Yes, those are rednecks who moved to cities . So you better understand where I am from, I have made an in depth analysis of Europe. So the violet circle is a wine culture, yellow circle is a beer culture, blue circle is a hard liquor culture, green is cash and red are hottest women. I am sitting in a mid. Cozy place, really come for beer, no joke, you shall see. {image}
Mostly accurate, and surprisingly so. But why isn't Switzerland included in the green circle? The Swiss are still major players in the banking industry..
  • #3,545
  • Edited 8:52am Feb 10, 2015 8:42am | Edited 8:52am
Quoting Vermillion
{quote} Mostly accurate, and surprisingly so. But why isn't Switzerland included in the green circle?
Coz I was drawing it fast before Ironman leaves . Ofc poor Ireland could be very pissed of I didnt manage to include him in beer culture because of MS paint, same goes for Portugal and wine.
I wonder if it was somehow by accident I didnt include Greece within analysis of Europe
"I know one thing, that I know nothing." Sokrates
  • #3,546
  • Feb 10, 2015 8:54am Feb 10, 2015 8:54am
Quoting Tom_D_Trader
{quote} Coz I was drawing it fast before Ironman leaves . Ofc poor Ireland could be very pissed of I didnt manage to include him in beer culture because of MS paint, same goes for Portugal and wine.
No worries, I'm here.
Just doing a few things...Well I tell you what I'll do.
The farthest I've been it's Barcelona Spain and if Barca makes it to the finals I will most likely go watch them play again and if we win then I'll call you to meet up and celebrate... But don't be taking me to no Hustle Hotel...lol
Everything you mentioned in that pic sounds good...
  • #3,547
  • Feb 10, 2015 8:59am Feb 10, 2015 8:59am
Quoting Ata-Turkoglu
{quote} My targets are based on fib extension calculations and they 90% work well ...one more thing: A close below 181.84 on 5 min means more bearish or sideways move.. if so not worth to take a trade.. it would mean it will be boring.. Happy Trades
The close on 5m below 181.84 has happened and I can call it a day since this means coffee time and boring hours to me

Happy Trades
Focus only on what truly matters!
  • #3,548
  • Feb 10, 2015 9:00am Feb 10, 2015 9:00am
Quoting Ironman777
Everything you mentioned in that pic sounds good...
Is a paradise. We are GMT + 2, so I also can get up at 9am and manage to trade both LO and NY. Also I manage to chat here with you while market is running against me and forgetting taking partials. But was US data volatility now. Minor news, just noise in my charts.
Edit: Also, while making such an advertisment for my country, not sure if this is actually for you religious guys, but given fact we are atheist country, noone gives a fack bout your religion or colour. Nice place, better come quick.

edit: watch oil H1!
"I know one thing, that I know nothing." Sokrates
  • #3,549
  • Feb 10, 2015 9:04am Feb 10, 2015 9:04am
Quoting Tom_D_Trader
{quote} Is a paradise. We are GMT + 2, so I also can get up at 9am and manage to trade both LO and NY. Also I manage to chat here with you while market is running against me and forgetting taking partials. But was US data volatility now. Minor news, just noise in my charts.
Kinda hoping the noise could help me finish my scalps, gotta go to bed soon. Lol. Next window london close.
Luck shines on the positive.
  • #3,550
  • Feb 10, 2015 9:08am Feb 10, 2015 9:08am
Quoting FX-Ray
Thread Rule #6 added: #Rule 6: Lot-size or account informations of any kind at charts or entry pictures should be hidden by the poster. Thanks in advance.
  • #3,551
  • Edited 9:09am Feb 10, 2015 9:08am | Edited 9:09am
Quoting YvetteTeo
{quote} Kinda hoping the noise could help me finish my scalps, gotta go to bed soon. Lol. Next window london close.
Lady I aint no expert on Oil, but that H1 doesnt look like USD is gonna stop appreciating. Scalp short eh? Damn you scalpers got balls.
"I know one thing, that I know nothing." Sokrates
  • #3,552
  • Feb 10, 2015 9:12am Feb 10, 2015 9:12am
Quoting FX-Ray
Thread Rule #6 added: #Rule 6: Lot-size or account informations of any kind at charts or entry pictures should be hidden by the poster. Thanks in advance.
Quoting AllyB
{quote}
Sorry . Was just having fun.

Edit: And actually since am joking like 90% times I have included that size so you just dont think am fooling you and aint actually entering market. See, am a bit lost when it comes to internet talks coz you dont see my face and I dont see yours. Mine is smiling
"I know one thing, that I know nothing." Sokrates
  • #3,553
  • Feb 10, 2015 9:13am Feb 10, 2015 9:13am
Quoting Tom_D_Trader
{quote} Lady I aint no expert on Oil, but that H1 doesnt look like USD is gonna stop appreciating. Scalp short eh? Damn you scalpers got balls.
I got daily target earnings and those earnings are my daily baseline, just have good money and risk management and you'd take it with ease.
Luck shines on the positive.
  • #3,554
  • Feb 10, 2015 9:14am Feb 10, 2015 9:14am
Quoting Tom_D_Trader
{quote} Is a paradise. We are GMT + 2, so I also can get up at 9am and manage to trade both LO and NY. Also I manage to chat here with you while market is running against me and forgetting taking partials. But was US data volatility now. Minor news, just noise in my charts. Edit: Also, while making such an advertisment for my country, not sure if this is actually for you religious guys, but given fact we are atheist country, noone gives a fack bout your religion or colour. Nice place, better come quick. edit: watch oil H1!
Will hold you to that for sure. I don't get to post a lot as I hold a day job as well but today no work today so I trade...
What's your style of trading?
  • #3,555
  • Feb 10, 2015 9:16am Feb 10, 2015 9:16am
Quoting FX-Ray
Thread Rule #6 added: #Rule 6: Lot-size or account informations of any kind at charts or entry pictures should be hidden by the poster. Thanks in advance.
Will do.
  • #3,556
  • Feb 10, 2015 9:25am Feb 10, 2015 9:25am
Quoting Ironman777
What's your style of trading?
Its basically like this, but currently am not mining all data desired, coz had little time because of school, so my analysis only like 70% finished. Doesnt stop me from trading though as my FA bias finished well enough.
Quoting Tom_D_Trader
Say for start my first goal is to include these, since I focus on three major liquid markets beeing US, EU and Japan. US,EU,Japan macro - GDP, unemployment, inflation, BP Indexes - Nikkei, Dax, Dow, FTSE, SaP500 Commodities - Oil, Gold FX - EU, UJ, EJ So, my goal is to chop all these timeseries into wave fractions and measure lagging (moved in time) correlations of these.
This is EU, but system is the same:
Quoting Tom_D_Trader
This is how the table goes on. Analysis is not finished, so it is still not properly set. Can get better numbers if work on it but takes time. But see Var coefficients show pretty strong simillarities for example when it comes to trends of this pair, there arent much average trends and pair is either trending very hard or soft. So say once about 228% of trend strength broken, is likely may run up to 268%, but more possibly to the mid of it. Say now we are trending at speed about 154%, so reaching top of a minimum long term trend - which is about...
I actually cant write it all here. I plan to make an attempt to post whole my tradingplan on FF, but it would need me to write a lots of english text. And although I really like you guys, I just dont have time. Till UJ breaks, then I will have lots of time.
And this is my long term UJ view:
Quoting Tom_D_Trader
....subwave 5 top is fake and we are about to go boom. Funīdaīmental: As Japans closed all those factories after Fukushima, are heavily import dependent on energy. Slumping commodity prices are huge boost for them. Think it is going to give Kuroda and Abe san enough political power to reach their targets. They have "expanded" their policy on last meeting. Not like it was some heavy asset expansion but they allowed to lending facilites to work in longer timescales as well as doubled these. Moreover, flow into USD is gonna continue till EU problems...
Regarding my Geppy trade, only reason beeing short-mid term Oil bounce + safe haven cash flow to the Brittains. So have switched a bit of exposure from USD to GBP.
T
"I know one thing, that I know nothing." Sokrates
  • #3,557
  • Feb 10, 2015 9:44am Feb 10, 2015 9:44am
Quoting Tom_D_Trader
{quote} Its basically like this, but currently am not mining all data desired, coz had little time because of school, so my analysis only like 70% finished. Doesnt stop me from trading though as my FA bias finished well enough. {quote} This is EU, but system is the same: {quote} I actually cant write it all here. I plan to make an attempt to post whole my tradingplan on FF, but it would need me to write a lots of english text. And although I really like you guys, I just dont have time. Till UJ breaks, then I will have lots of time. And this is my...
Got ya!
So your macro view seems solid, but technically when you engage in your trades, do you look for a fixed amount of pips or $$, do you only scalp or swing trade??
  • #3,558
  • Feb 10, 2015 9:47am Feb 10, 2015 9:47am
Quoting Ironman777
{quote} Got ya! So your macro view seems solid, but technically when you engage in your trades, do you look for a fixed amount of pips or $$, do you only scalp or swing trade??
6K posts. I have written lots of garbage already.
Quoting Tom_D_Trader
{quote} Hi Torrent, this seems fun, so am gonna share my silly entry system. For start I would like to say this is heavily simplified, as precise leverage always depends on circumstances - mainly RR. Each long term trade is traded in one session. Session is +- one wave, but also influenced by things like - I dont have time - so its half of wave . I separate my entries in two types 1) intrasession trade 2) runner. Goal of entry is ofc to open runner, coz thats where most profits are, at least in my system. Runner has its final target set at the...
"I know one thing, that I know nothing." Sokrates
  • #3,559
  • Edited 11:05am Feb 10, 2015 10:01am | Edited 11:05am
GU pretty nice bounce off 1,52 and now charging 1,526, hope breaks. - so far retracement, as well correlated with GJ trying to break top. But momentum very bullish. Still, that Oil bugs me. Still breaking correlations :/

Edit: In my charts Yen is a clear sell now, very possibly also Eur, where I loaded a few, Oil bearish = should be USD bull, but not working well , and GBP prolly range (lol range call but see that H1 on GU!, seems market is preparing to shoot. Hope not against me). UJ long think good, but we are about top, not wanna take more technically. Better wait for it to run out of steam now.
Edit: see that GU pin. Really wanna break. But is strange move given Oil possible going south - lucky I have no clue where Oil is headed.

edit 4 Mr. Stark: Am very trapped in my fundie bias. Is my eternal curse as a philosopher believing in my mind. Cant fight it.

edit: Ok, I cover 1/7th partial at 181,88. Aint that greedy.

Quoting Tom_D_Trader
For all of you FX addicts. https://www.youtube.com/watch?v=vx2u5uUu3DE
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
  • #3,560
  • Feb 10, 2015 10:10am Feb 10, 2015 10:10am
Quoting Tom_D_Trader
{quote} 6K posts. I have written lots of garbage already. {quote}
NO such thing! It's all part of becoming better.

The reason I ask is cause more often than not we get trapped in the fundies and take our eyes off our goal here "TO MAKE MULA"
When I day trade, I look to make 20 pips at a time but leverage a bit more than if I was to have a swing trade where I let position run a couple of weeks at a time. At the end I balance things out to my overall target of x amount of pips that pays me and x amount of $$ per month...
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