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Dragon Riders GBP/JPY

  • #4,181
  • Feb 18, 2015 3:16pm Feb 18, 2015 3:16pm
Quoting Tom_D_Trader
{quote} I dont understand. But I am buying UJ now. Got target for FOMC dip reached. Would prefere no dip and beeing rich, but I also like to load more .
I already bought at 183.20.. it was supposed to be a scalper but now I just let it run.. SL at 183.05
Focus only on what truly matters!
  • #4,182
  • Feb 18, 2015 3:28pm Feb 18, 2015 3:28pm
Quoting mrcreosote
I think I'll put a massive long on the DAX first thing tomorrow and cash in when I can buy a 911 GT3 RS
Or may end up buying a scooter and raincoat. Betting on QE seems a good idea if the dax, ftse etc follow what the S&P did with QE money. However, the weird thing is commodities are tanking yet stock markets, and Indices are making new highs. This is not normal. Something will crack and crash sooner or later.
  • #4,183
  • Feb 18, 2015 3:36pm Feb 18, 2015 3:36pm
Quoting Ata-Turkoglu
{quote} I already bought at 183.20.. it was supposed to be a scalper but now I just let it run.. SL at 183.05
Mate, NY close real close. Spread after close may eat you :/. Yeh, scalps dangerous. My first stops a lil below at 182,95, then 182,49 and then far far below @ 181,555 and 179,85 last . Am resilient fecker. Hard to shake me down.

edit: well, you are gonna be ok as long as 183,2 holds, and I think NY shoud run close up, but ya never know.

Mate, is breaking (m5 chart ), think you could have made perfect scalp. I hold thumbs for it to work. Btw, got hit FOMC dip on UJ almost to the pip and loading UJs heavy . UJ very clear buy imo. Best shot now with SL @ 118,3. Aim 119,6 as partial.
"I know one thing, that I know nothing." Sokrates
  • #4,184
  • Feb 18, 2015 3:43pm Feb 18, 2015 3:43pm
Quoting Tom_D_Trader
{quote} Mate, NY close real close. Spread after close may eat you :/. Yeh, scalps dangerous. My first stops a lil below at 182,95, then 182,49 and then far far below @ 181,555 and 179,85 last . Am resilient fecker. Hard to shake me down. edit: well, you are gonna be ok as long as 183,2 holds, and I think NY shoud run close up, but ya never know.
SL at BE now.. can sleep calmly
Focus only on what truly matters!
  • #4,185
  • Feb 18, 2015 3:46pm Feb 18, 2015 3:46pm
Quoting Ata-Turkoglu
{quote} SL at BE now.. can sleep calmly
I love staying at BE. Is my favourite. Sleep well.
"I know one thing, that I know nothing." Sokrates
  • #4,186
  • Feb 18, 2015 3:47pm Feb 18, 2015 3:47pm
Quoting Sifufx
{quote} Or may end up buying a scooter and raincoat. Betting on QE seems a good idea if the dax, ftse etc follow what the S&P did with QE money. However, the weird thing is commodities are tanking yet stock markets, and Indices are making new highs. This is not normal. Something will crack and crash sooner or later.
It's ok I've got a push bike in the garage
I've been thinking it will crack and crash for years, instead if I had put my BTFD hat on every week I'd probably have the GT3 by now
I've come to the conclusion the Fed are only interested in 1 thing and that's pumping the stock market.....apparently it has this 'wealth effect' on people
Maybe it just has a 'wealth effect' on themselves and their banking chums...
*btfd = buy the fooking dips
used to be undecided but nowadays can't make my mind up
  • #4,187
  • Feb 18, 2015 4:15pm Feb 18, 2015 4:15pm
Good that I checked one more time before sleep.. re-entered long with a better price: 183.15 (SL: 182.99)

Happy Trades
Focus only on what truly matters!
  • #4,188
  • Feb 18, 2015 4:22pm Feb 18, 2015 4:22pm
Quoting mrcreosote
{quote} It's ok I've got a push bike in the garage I've been thinking it will crack and crash for years, instead if I had put my BTFD hat on every week I'd probably have the GT3 by now I've come to the conclusion the Fed are only interested in 1 thing and that's pumping the stock market.....apparently it has this 'wealth effect' on people Maybe it just has a 'wealth effect' on themselves and their banking chums... *btfd = buy the fooking dips
Or sell the fooking tops.

I think the FED has or is very near to running out of tools, or it just doesn't know what to do anymore. I guess both.

GY. Still have a pending order to buy @ 182.40 . stop 181.40 target 185.00.
  • #4,189
  • Feb 18, 2015 4:31pm Feb 18, 2015 4:31pm
http://myreleaseplan.com/blog/wp-con...r-insanity.jpg
  • #4,190
  • Feb 18, 2015 4:40pm Feb 18, 2015 4:40pm
Long from 183.22 again to 184 where I would like to look for shorts again. Time to say goodnight to the bad guy!
Fix up, trade sharp ...
  • #4,191
  • Feb 18, 2015 4:44pm Feb 18, 2015 4:44pm
Quoting Hickson
Long from 183.22 again to 184 where I would like to look for shorts again. Time to say goodnight to the bad guy!
Pretty much my strategy in a nutshell. funny thing though; Powell didn't really say anything much, but it was enough to send markets to another round of limbo. I've given up looking at charts right now; It'll probably happen an hour or two later before we see prices go somewhere, since 183.40 happens to be the next support before going up. And it just had to coincide with the 15min ichimoku cloud, so that makes things a bit more difficult to scalp upwards.

Took profit on my 183.180 long on 183.390, and reloaded on 183.200. Let's see if I get lucky with this scalp as well. SL is 183.
  • #4,192
  • Feb 18, 2015 4:49pm Feb 18, 2015 4:49pm
Quoting Ironman777
{image}
Shit, where did you get that picture of me from?

Quoting Hickson
Long from 183.22 again to 184 where I would like to look for shorts again. Time to say goodnight to the bad guy!
So you're putting a dragon trade on an hour before Tokyo come online and going to bed? Sweet dreams, if it was me I think I'd shit the bed in the middle of the night
used to be undecided but nowadays can't make my mind up
  • #4,193
  • Feb 18, 2015 4:55pm Feb 18, 2015 4:55pm
​Be careful with the supposition that this is a simple correction in the up trend. It may, but it could still be the beginning of a new corrective phase.
  • #4,194
  • Feb 18, 2015 5:01pm Feb 18, 2015 5:01pm
Quoting Hickson
Long from 183.22 again to 184 where I would like to look for shorts again. Time to say goodnight to the bad guy!

Great! about the same plan here
  • #4,195
  • Feb 18, 2015 5:05pm Feb 18, 2015 5:05pm
Quoting Mpt
​Be careful with the supposition that this is a simple correction in the up trend. It may, but it could still be the beginning of a new corrective phase.
It'll boil down to 184 again for major price to note. Could be a last minute test of current high before dipping below, or the final stop before breaking to around 185 and beyond. Of course, we still need to break 183.40 right now.

Just let profitable trades run and add onto them while cutting losses, I say. That way we'll be able to squeeze a few extra pips even in volatile markets like the gbp/jpy.

Edit: on a completely unrelated note, to anyone here that trades commodities: what's your current favorite as of 2015?
  • #4,196
  • Feb 18, 2015 5:08pm Feb 18, 2015 5:08pm
Quoting mrcreosote
{quote} Shit, where did you get that picture of me from? {quote} So you're putting a dragon trade on an hour before Tokyo come online and going to bed? Sweet dreams, if it was me I think I'd shit the bed in the middle of the night
lol ... why ... SL in place. I would have shit in the bed if I had had a long in Swissy carnage hour ... because there was no liquidity, but in Geppy someone will take it if I am stopped out. Well, nothing sure in life, but very unlikely that the stop will not be rewarded in that case.
Fix up, trade sharp ...
  • #4,197
  • Feb 18, 2015 5:08pm Feb 18, 2015 5:08pm
Pending LONG GJ 182.93
A good trader follows his rules, but great trader knows when to break them
  • #4,198
  • Edited 5:53pm Feb 18, 2015 5:16pm | Edited 5:53pm
Quoting Vermillion
{quote} It'll boil down to 184 again. Could be a last minute test of current high before dipping below, or the final stop before breaking to around 185 and beyond. Just let profitable trades run and add onto them while cutting losses, I say. That way we'll be able to squeeze a few extra pips even in volatile markets like the gbp/jpy.
Yeah, well IDEALLY 183.1/2 will hold, but should it drop out of there, we've just maybe seen the end of a corrective trend sequence. If UJ is only completing a final bouncing move down into about 117 again and GU holds, we're maybe just in a 184 - 183.2 - 182.5 range until further up. But all those things have to happen in sort of that order for the bullish/minor corrective plan to work. A drop now under 183 and definitely 181.6 changes everything.

It was held up all that time at the top of the daily cloud, but, today there's a big hole just below. We had a similar situation last year in October at 172.6 and the 'hole' held up, but there's no certainty.

Should it stop here and then get up, we've probably just destroyed the notion that this entire move was a mere (or minor) correction.
  • #4,199
  • Feb 18, 2015 5:23pm Feb 18, 2015 5:23pm
Quoting Mpt
​Be careful with the supposition that this is a simple correction in the up trend. It may, but it could still be the beginning of a new corrective phase.
Thx!
  • #4,200
  • Feb 18, 2015 6:10pm Feb 18, 2015 6:10pm
Quoting Ironman777
{quote} Good!! So, I'll play and post my #'s: TOP @184.29 LOW@ 182.30
I was way off last time but I'll try and play again.

Top @ 183.42

Low @ 181.87
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