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Dragon Riders GBP/JPY

  • #3,941
  • Feb 16, 2015 6:46am Feb 16, 2015 6:46am
Quoting Sifufx
{quote} Trading isn't about being right or wrong. Its about controlling risk. If the probabilities stack in your favour go for it, and if that works repeat it. I don't care if i'm right or wrong as long as i know my edge ide is positive. Steps for developing expectancy 1. Calculate your win and loss ratio 2. Calculate your reward to risk ratio 3. Combine those two ratios into an expectancy ratio http://www.learningmarkets.com/deter...-your-trading/...
40 trades repeatiton to suit rules of small numbers.ed seykota
Gold Expedition Return This Year: -16.4%
  • #3,942
  • Feb 16, 2015 9:36am Feb 16, 2015 9:36am
Gone long at 182.10 with a very tight SL - previous sustained S/R
To live a successful life, we must lose our fear of being wrong
  • #3,943
  • Feb 16, 2015 9:48am Feb 16, 2015 9:48am
Quoting EatPIPs
Gone long at 182.10 with a very tight SL - previous sustained S/R
Also stacking up
"I know one thing, that I know nothing." Sokrates
  • #3,944
  • Feb 16, 2015 9:49am Feb 16, 2015 9:49am
Quoting Tom_D_Trader
{quote} Also stacking up
First TP looking at 182.6 region
To live a successful life, we must lose our fear of being wrong
  • #3,945
  • Feb 16, 2015 9:55am Feb 16, 2015 9:55am
Quoting EatPIPs
{quote} First TP looking at 182.6 region
Am running (ruining?) for range retest 182,67 - 183,54 as primary intraday. Rest is mid term trades with targets above.
"I know one thing, that I know nothing." Sokrates
  • #3,946
  • Feb 16, 2015 10:02am Feb 16, 2015 10:02am
Quoting Tom_D_Trader
{quote} Am running (ruining?) for range retest 182,67 - 183,54 as primary intraday. Rest is mid term trades with targets above.
Ultimate target for me is 187.1
To live a successful life, we must lose our fear of being wrong
  • #3,947
  • Feb 16, 2015 10:26am Feb 16, 2015 10:26am
Quoting EatPIPs
{quote} Ultimate target for me is 187.1
Sometimes I think am overdoing it . Its gonna turn around and eat my stops before move north ofc, but thats just life.

Btw, did the very same with Eur/Gbp shorts. Am heavy long Gbp now, hope Old empire wont screw me over.
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"I know one thing, that I know nothing." Sokrates
  • #3,948
  • Feb 16, 2015 10:29am Feb 16, 2015 10:29am
Still shorting...waiting for 181 to print.....if it does ever print today....
  • #3,949
  • Feb 16, 2015 10:36am Feb 16, 2015 10:36am
Just closed todays short. With no US markets the London close in 25mins will be the endo of the day.

Although price has had 4 attempts at 182 in the last hour or so...
  • #3,950
  • Feb 16, 2015 10:40am Feb 16, 2015 10:40am
Quoting anima999
Just closed todays short. With no US markets the London close in 25mins will be the endo of the day. Although price has had 4 attempts at 182 in the last hour or so...
Omg I forgot. Stupid hollidays. Ok, so I take hollidays as well.
"I know one thing, that I know nothing." Sokrates
  • #3,951
  • Feb 16, 2015 10:57am Feb 16, 2015 10:57am
Last minute breach of 182. It's bigger than before. Let's see what happens.

Definitely scalping a long at 181. The 100% retracement will likely be respected at least, if not the prelude to a bounce.
  • #3,952
  • Feb 16, 2015 10:59am Feb 16, 2015 10:59am
Quoting Vermillion
Last minute breach of 182. It's bigger than before. Let's see what happens.
Think was Eur move, Jpy just took colaterral :/, my Eur/Gbp shorts rock now, G/J longs have dodged SL partially down to 181,775. May be bad idea.

edit: seems super stupid while looking at move.
I actually dont know wtf I keep on selling Yen while at the same time stating is unstable and gonna be ranging. Think is just a habit.
"I know one thing, that I know nothing." Sokrates
  • #3,953
  • Feb 16, 2015 11:02am Feb 16, 2015 11:02am
And there it pops.
  • #3,954
  • Feb 16, 2015 11:04am Feb 16, 2015 11:04am
Quoting anima999
And there it pops.
Probably related to the Greek debt deal, or more specifically, reports of lack thereof for today.

Once again, Grexit is jumping trends & changing others without a warning. Ah well. Least this time it worked to my benefit. Still, it's only initial news, so I'd have to confirm this with other sources than...what was it on FF? zerohedge? Yeah.

Finally finished my biweekly account growth quota. Huzzah. (But it's been behind by 3.5 weeks, so there's that. )
  • #3,955
  • Feb 16, 2015 11:07am Feb 16, 2015 11:07am
I missed the scalp off this one but I'm tempted to short again with longer term aims. the 1 hr chart has a stron ichimoku sell signal. Japan are out of recession and I doubt any good news is going to comeout of the UK. The only problem is the US.
  • #3,956
  • Feb 16, 2015 11:09am Feb 16, 2015 11:09am
Quoting anima999
I missed the scalp off this one but I'm tempted to short again with longer term aims. the 1 hr chart has a stron ichimoku sell signal. Japan are out of recession and I doubt any good news is going to comeout of the UK. The only problem is the Europe, Brittain, Swiss, Japan, Australia, Russia, ISIS and US.
I was so bold to correct your last post.
"I know one thing, that I know nothing." Sokrates
  • #3,957
  • Feb 16, 2015 11:18am Feb 16, 2015 11:18am
I meant good USD news tends to be bad for the JPY. The problems you list I've got no hope of understnding so I'll just bury my head in the sand.

I think I will short but not just yet. Its looking slightly oversold and the price is starting to get a bit too distant from the Kijun sen suggesting we might be in for more ranging before/if it drops again. Maybe 182 will now provide some resistance. Next level of interest is 181.7.

I've got half an eye on USD/CAD and that looks ripe for a short soon as well.
  • #3,958
  • Feb 16, 2015 11:19am Feb 16, 2015 11:19am
Quoting anima999
The problems you list I've got no hope of understnding so I'll just bury my head in the sand.
Noone can, but you gotta try
"I know one thing, that I know nothing." Sokrates
  • #3,959
  • Feb 16, 2015 11:47am Feb 16, 2015 11:47am
Quoting Tom_D_Trader
G/J longs have dodged SL partially down to 181,775. May be bad idea.
Still think was a bad idea and I should have been out already, but Tsipras currently playing in my hand with Greece drama. Thats SL , classics. Low 181,777 now. I know its gonna hit me before I click post, coz Nikkei semms to start falling, but, was a nice feeling for a second.

Edit: Yes, am out here. Well, not out, but deleveraged a bit.
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"I know one thing, that I know nothing." Sokrates
  • #3,960
  • Feb 16, 2015 11:50am Feb 16, 2015 11:50am
Quoting FX-Ray
{quote} I think we got some decent demand at lower prices, yesterday kinda revealed sentiment, for me its short for now. Since all significant levels are cleared the remaining are relatively far away, for example 179.00 and and above 184.50.
Hope you are still in Ally, am watching 181.60/50; with a break I'll aim 179.80/70
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