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Dragon Riders GBP/JPY

  • #3,721
  • Feb 12, 2015 9:07am Feb 12, 2015 9:07am
Quoting FX-Ray
{quote} my charts say all significant levels cleared except 179.00 which 'should' be next, thats optimal target for covering half.
But I am long. . I mean take cover and chew loss before gets bigger. H1 clear move against me.

Quoting Vermillion
{quote} How big are your trades atm?
That SL is about 0,65%. Am gonna twink it a bit, is not precise now
"I know one thing, that I know nothing." Sokrates
  • #3,722
  • Feb 12, 2015 9:14am Feb 12, 2015 9:14am
Profit, loss, profit, loss. Profit overall.

Now I remembered why I love manual set ups instead of simply leaving limit orders. Much more safer and profitable.
  • #3,723
  • Feb 12, 2015 9:15am Feb 12, 2015 9:15am
GJ and AJ move over to the big DEEP hole we have made for ya
  • #3,724
  • Feb 12, 2015 9:18am Feb 12, 2015 9:18am
Quoting Vermillion
Profit, loss, profit, loss. Profit overall. Now I remembered why I love manual set ups instead of simply leaving limit orders. Much more safer and profitable.
I also love to trade manually. But unfortunately got mental issues, especially overinflated ego when things go good - meaning I wont cover that partial and wait till I loose my entries. So I always set fixed entry/exits so I dont totally screw up, but is like 50/50. 50 set, 50 manual.
"I know one thing, that I know nothing." Sokrates
  • #3,725
  • Feb 12, 2015 9:21am Feb 12, 2015 9:21am
Quoting FX-Ray
{quote} my charts say all significant levels cleared except 179.00 and below* which 'should' be next, thats optimal target for covering half if she let me in. Added*
ok ... all kidding aside I will short at 183.20 and if I don't get that I will
  • #3,726
  • Feb 12, 2015 9:24am Feb 12, 2015 9:24am
Quoting AllyB
{quote} ok ... all kidding aside I will short at 183.20 and if I don't get that I will
Kidding aside GU starts to wake up. Low timeframes starting to recover up move.
Also, though move has been heavily extended, I got weekly level 119 on UJ tested and currently bouncing. Suitable test on Thurday before final run to weekly close if you ask me.
Still we got a lot of time to close month. Even if this week is bear imo it doesnt invalidate move.
"I know one thing, that I know nothing." Sokrates
  • #3,727
  • Feb 12, 2015 9:27am Feb 12, 2015 9:27am
Quoting Tom_D_Trader
{quote} Kidding aside GU starts to wake up. Low timeframes starting to recover up move.
need a H1 candle to close above 1.5371 to buy it now
  • #3,728
  • Feb 12, 2015 9:31am Feb 12, 2015 9:31am
Starting to think that it was a bad idea to short gbp/jpy instead of usd/jpy. I'm getting more profits with my current shorts from the latter than former, given the lack of movement.

Ah well. Money is money, right?
  • #3,729
  • Feb 12, 2015 9:32am Feb 12, 2015 9:32am
Quoting AllyB
{quote} need a H1 candle to close above 1.5371 to buy it now
Yeh, was microtimeframe so far. Sometimes I get caught up in noise. Momentum strong against me now. Not a good day for me.

edit: was
"I know one thing, that I know nothing." Sokrates
  • #3,730
  • Feb 12, 2015 9:41am Feb 12, 2015 9:41am
Quoting AllyB
{quote} need a H1 candle to close above 1.5371 to buy it now
Ally, what does a hourly close above/below any level means to you in context of trading?
  • #3,731
  • Feb 12, 2015 9:47am Feb 12, 2015 9:47am
Quoting FX-Ray
{quote} Ally, what does a hourly close above/below any level means to you in context of trading?
to me the level I quote is resistance and if I look back price doesn't take off until that happens and if it doesn't happen then it will range and I will adjust
  • #3,732
  • Feb 12, 2015 9:51am Feb 12, 2015 9:51am
Quoting AllyB
{quote} to me the level I quote is resistance and if I look back price doesn't take off until that happens and if it doesn't happen then it will range and I will adjust
Okay thanks =)
  • #3,733
  • Feb 12, 2015 9:53am Feb 12, 2015 9:53am
Been building a nice long position as the dragon feels ready to fly! Got a tight stop just in case it goes the other way though.

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  • #3,734
  • Feb 12, 2015 10:00am Feb 12, 2015 10:00am
Quoting Sis.yphus
Been building a nice long position as the dragon feels ready to fly! Got a tight stop just in case it goes the other way though. {image}
Not feeling too good about longing the gbp/jpy right now at that price, to be honest. Look at the gbp/usd, usd/jpy as well. I'd rather you wait for a more confirmed signal, but hey-don't let me be the judge.

Your SL looks good, but I wouldn't be surprised if you got shaken out by the market right before it goes back up (if it goes abck up. We're all speculating right now anyway). It's a bit too close for my tastes.
  • #3,735
  • Feb 12, 2015 10:01am Feb 12, 2015 10:01am
Quoting FX-Ray
{quote} Okay thanks =)
that is how I play your DP's also. not always depending on time of day, scalping or swing also.

I did go short in GJ
  • #3,736
  • Feb 12, 2015 10:01am Feb 12, 2015 10:01am
Quoting Vermillion
{quote} Not feeling too good about longing the gbp/jpy right now at that price, to be honest. Look at the gbp/usd, usd/jpy as well. I'd rather you wait for a more confirmed signal, but hey-don't let me be the judge. Your SL looks good, but I wouldn't be surprised if you got shaken out by the market right before it goes back up (if it goes abck up. We're all speculating right now anyway). It's a bit too close for my tastes.
my 'optimal' target would be 179
  • #3,737
  • Feb 12, 2015 10:03am Feb 12, 2015 10:03am
Quoting AllyB
{quote} that is how I play your DP's also. not always depending on time of day, scalping or swing also. I did go short in GJ
I just take the 183.40 short out before weekend and take some and leave remaining run, wont take any additional positions today.
  • #3,738
  • Feb 12, 2015 10:06am Feb 12, 2015 10:06am
Quoting FX-Ray
{quote} my 'optimal' target would be 179
You mean target to reload long? Yeah, I see 179 on the 4 hourly chart. We might get a bit of bounce worth a couple dozen pips on 180, though. that's my take, at least.

181 would be a good optimal target for today and tomorrow imo, without taking news into account.

I'm still a bit disappointed that the bottom topped out before hitting 175. Probably not going to see that with the given information, though.

Edit: I'm really beginning to regret not shorting the usd/jpy more. The gbp is holding up the geppy far too long.
  • #3,739
  • Feb 12, 2015 10:12am Feb 12, 2015 10:12am
Quoting Vermillion
{quote} You mean target to reload long? Yeah, I see 179 on the 4 hourly chart. We might get a bit of bounce worth a couple dozen pips on 180, though. that's my take, at least. 181 would be a good optimal target for today and tomorrow imo, without taking news into account. I'm still a bit disappointed that the bottom topped out before hitting 175. Probably not going to see with the given information, though. Edit: I'm really beginning to regret not shorting the usd/jpy more. The gbp is holding up the geppy far too long.
Probably but I dont know yet, it may continue to 177 though, nobody knows . I see liquidity at 179.00, many open positions. Anyway I expected the bottom around 177.00, before I had to leave I mentioned it.
  • #3,740
  • Feb 12, 2015 10:15am Feb 12, 2015 10:15am
Quoting skyhok
{quote} Charts! Charts! Charts! guys. Hard to understand when you're thinking aloud. LOL
Hope it helps...
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