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Dragon Riders GBP/JPY

  • #4,301
  • Feb 19, 2015 7:16am Feb 19, 2015 7:16am
off for lunch bbl
  • #4,302
  • Feb 19, 2015 7:17am Feb 19, 2015 7:17am
Quoting FX-Ray
{quote} If I may drop my 2 cents: take profits
This could be it: I want to "let my winners run", but if I am trading intraday with a holding of some hours on average, this cannot always be expected. I think a real runner will probably stall in some range for several days in a lot of cases. That is why you get s/o so often if you aim to get on the daily trend. Until I figure it out I try intraday setups and use levels to define TPs now.
Fix up, trade sharp ...
  • #4,303
  • Feb 19, 2015 7:17am Feb 19, 2015 7:17am
Quoting FX-Ray
off for lunch bbl
good appetite - I had a market maker for lunch, very fat. You should not eat that too often.
Fix up, trade sharp ...
  • #4,304
  • Feb 19, 2015 7:20am Feb 19, 2015 7:20am
Quoting FX-Ray
{quote} If I may drop my 2 cents: take profits
Am just testing a bit new strategy. Is bcoz was in loss in January, so wanna keep it tight. Dunno if it is not nonscence, but so far having fun with it and am BE. See, so am loading lots and lots of minitrades. And while S/R breaks, I used to always cut loosers short. Meaning when I was entering and entry failed, it instantly got cut for a micro loss. But now I have reversed . When entering, I put the SL on the very same place, but not SL of new entries, but SL of floating profits. When S/R breaks, I deleverage as desired, but in profit. It has a side effect on my brain though, as the most recent entries instantly become floating loss. I have a hard SL set below next S/R, and hope of this system is I will be able to jump out on S/R retest with BE. Is just reversed classics system, but think can save those many little lossess out of wrong entries.
"I know one thing, that I know nothing." Sokrates
  • #4,305
  • Feb 19, 2015 7:24am Feb 19, 2015 7:24am
Quoting Tom_D_Trader
{quote} Am just testing a bit new strategy. Is bcoz was in loss in January, so wanna keep it tight. Dunno if it is not nonscence, but so far having fun with it and am BE. See, so am loading lots and lots of minitrades. And while S/R breaks, I used to always cut loosers short. Meaning when I was entering and entry failed, it instantly got cut for a micro loss. But now I have reversed . When entering, I put the SL on the very same place, but not SL of new entries, but SL of floating profits. When S/R breaks, I deleverage as desired, but in profit....

yes, that's huge....plowing deep in trading logic
  • #4,306
  • Feb 19, 2015 7:27am Feb 19, 2015 7:27am
Quoting Gbp/jpy
{quote} yes, that's huge....plowing deep in trading logic
I know is nonscence sry . I just wanted to take profits . Know it doesnt change anything which trade you close where. But see, trading is a bit of psychology.

Watch out for that US unemployment any minute.
"I know one thing, that I know nothing." Sokrates
  • #4,307
  • Edited 8:02am Feb 19, 2015 7:40am | Edited 8:02am
Quoting Tom_D_Trader
I gotta pretty nice microhold on UJ m5 and running to test 119,1 weekly. In the meanwhile Eurpope flow reversed a bit - E/G going for test 7371, GU 5413. GBP beeing sold for test, hope S/R holds the move. Edit: And US unemployment in 30. I could use to split into more Toms. edit: Oh and now that h1 close on E/G realy bad. Hope thats fakey. Also GJ h1 not nice. {image}
In the meanwhile. UJ test confirmed, E/G spikes up :/ and GU seems to hold so far. Apart from Eur portfolio behaves. No wonder circus currency doesnt behave.

Also SaP spiked to new highs and now seems ready to fall. Could/should pull USD. UJ rocks now

Edit: H1 GU hold, Nikkis breaking highs, Oil and SaP on retrace!
"I know one thing, that I know nothing." Sokrates
  • #4,308
  • Feb 19, 2015 8:02am Feb 19, 2015 8:02am
Quoting Ata-Turkoglu
Good that I checked one more time before sleep.. re-entered long with a better price: 183.15 (SL: 182.99) Happy Trades
I keep my long from yesterday still open. SL at 183.30 now (+15 pips guaranteed, 0 risk) will trail it more and more.

Happy Trades
Focus only on what truly matters!
  • #4,309
  • Feb 19, 2015 8:35am Feb 19, 2015 8:35am
Quoting Ata-Turkoglu
{quote} I keep my long from yesterday still open. SL at 183.30 now (+15 pips guaranteed, 0 risk) will trail it more and more. Happy Trades

so then try on catch >400pips soon

mine 1000 pips on early this month at 176.2
Serious profit on 187.00
  • #4,310
  • Edited 9:15am Feb 19, 2015 9:05am | Edited 9:15am
Am buying for the handle. Keeping it tight with stops @ 182,95

Edit: guys watch that Nikkei.
"I know one thing, that I know nothing." Sokrates
  • #4,311
  • Feb 19, 2015 9:11am Feb 19, 2015 9:11am
Very boring range. But support has been tested 2 times now and rejected pretty quick. I rather want to be a buyer above 60 ish if I think about it.
Fix up, trade sharp ...
  • #4,312
  • Feb 19, 2015 9:20am Feb 19, 2015 9:20am
Quoting smilemiz
{quote} so then try on catch >400pips soon mine 1000 pips on early this month at 176.2 Serious profit on 187.00
Great.. keep going this way brother..

Wish you the very best..

Happy Trades
Focus only on what truly matters!
  • #4,313
  • Edited 2:00pm Feb 19, 2015 1:48pm | Edited 2:00pm
Well, I have covered few dragons +. Few scubadiving . Dont like the move in GBP. Cable broke 5413 weekly. Just m15 chart, but you know how it starts . Preparing to reload @ 183. And loading UJ.
"I know one thing, that I know nothing." Sokrates
  • #4,314
  • Edited 2:33pm Feb 19, 2015 2:21pm | Edited 2:33pm
Quoting Tom_D_Trader
Well, I have covered few dragons +. Few scubadiving . Dont like the move in GBP. Cable broke 5413 weekly. Just m15 chart, but you know how it starts . Preparing to reload @ 183. And loading UJ.
I'm guessing you're scalping at 183? The usd/jpy looks somewhat precarious on the hourly; if 118.80 is breached for usd/jpy, Then we've a good chance of just falling through to 182.50 for the geppy without much bounce from 183. And 119 seems to be a stiff resistance. Then again it may not break below.

I'll probably hold my shorts at 184 through the bounce on 183. Might take profit on a 183.50 short, though.
  • #4,315
  • Feb 19, 2015 2:26pm Feb 19, 2015 2:26pm
Quoting Vermillion
{quote} I'm guessing you're scalping at 183? The usd/jpy looks somewhat precarious on the hourly; if 118.80 is breached for usd/jpy, Then we've a good chance of just falling through 182.50 for the geppy without much bounce from 183. And 119 seems to be a stiff resistance. Then again it may not break below. I'll probably hold my shorts at 184 through the bounce on 183. Might take profit on a 183.50 short, though.
Well you could prolly call it scalping, coz am watching distance 183,35 as TP - 183 for reload. But the thing is I have lots of micropositions for short-mid-long term. Say like 50 or so. Am all the time just floating and do tiny adjustments of portfolio if some charts dont behave as should . Was covering a lot in GBP, still @ 50% of long portfolio, but down from 75. Rest of exposure remains the same, I just dont like cable move. Dunno if I load GJ really at 183, coz it partially depends on how Cable and Eur/Gbp behaves. But think both charts should hold the move and shouldnt be deep as mid term I see cable ranging up.

Also want to add though Oil pushing up, those inventories today were really oversupply and 51,5 seems hold. Now should 51 break, USD could pull.
"I know one thing, that I know nothing." Sokrates
  • #4,316
  • Edited 3:12pm Feb 19, 2015 2:44pm | Edited 3:12pm
Quoting Tom_D_Trader
{quote} Well you could prolly call it scalping, coz am watching distance 183,35 as TP - 183 for reload. But the thing is I have lots of micropositions for short-mid-long term. Say like 50 or so. Am all the time just floating and do tiny adjustments of portfolio if some charts dont behave as should . Was covering a lot in GBP, still @ 50% of long portfolio, but down from 75. Rest of exposure remains the same, I just dont like cable move. Dunno if I load GJ really at 183, coz it partially depends on how Cable and Eur/Gbp behaves. But think both...
35 pips is good. Sorry about the confusion-for me, I refer to anything below 40,50 pips in the gbp/jpy to be a scalp given its volatility.

Mmm. I can see gbp/usd bears facing competition around 1.5380. Similar situation for eur/gbp; all the major pairs related to the gbp/jpy seem to be near their supports. And I think you already know the happenings in the yen pairs.

If by mid-term you mean a couple of months( 1-2), then yeah-I can see the cable ranging higher. Still don't like BOE's words & stance; there's accusations of it trying to downplay the situation in the UK. I'll probably take cautious longs if they do seem to be healing further to the upside.

But overall, I still favor the dollar over the pound sterling based on fundamentals. It might take a while for them to kick in the market, though.
  • #4,317
  • Feb 19, 2015 3:06pm Feb 19, 2015 3:06pm
Quoting Vermillion
And I think you already know the happenings in the yen pairs. If by mid-term you mean a couple of months( 1-2), then yeah-I can see the cable ranging higher. Still don't BOE's words & stance; there's accusations of it trying to downplay the situation in the UK. I'll probably take cautious longs if they do seem to be healing further to the upside. But overall, I still favor the dollar over the pound sterling based on fundamentals. It might take a while for them to kick in the market, though.
No, I dont, tell me, I see Yen tends to overshoot. Dont mind that, am just watching harder supports.

Regarding USD vs GBP here. I agree, in my portfolio structure I have covered into GBP just mid term, say 2-3 months, for two reasons a) with disgraced CHF is the very best stable Europe safe haven cash flow b) Due to BOE started easing 2nd after US, hike expectations now taking place. This FA point ofc not stable, as expectations can vanish as quick as they appear, but til US keeps on printing numbers like "Hey, QE is great and working" Pound profits second after USD. But USD has this nasty bounce in Oil. Dunno how long will it last, got no clue, but till lasts, I cover in GBP.
"I know one thing, that I know nothing." Sokrates
  • #4,318
  • Feb 19, 2015 3:12pm Feb 19, 2015 3:12pm
Quoting smilemiz
{quote} u right... me ... i am nobody.. still beginner trader.. please allow me to be taught by the seniors and the experts here.. plz
. hey my Lady.....I have a fun method for ya!.....short term, even....sound like fun?....it's the 15 Minute chart, and it reveals the TRUE TREND short term....if one puts a 333 sma or ma ( same moving average ).....and notice if the price bars are above or below that line. cool.....then a slow stochastic of 34, 3, 3.!! Some charts only allow an input of the first two.....that's ok.....it's the same thing.
about the lines on the oscillator slo sto, they call the slow stochastic......the 20 line and the 80 line.....that's what counts.....notice the pattern that sends the price back up or sends it down.....when the 20 or 80 line gets approached by the signal line or the wiggling line. it's over sold when the signal line is at or near the 20 line.....oversold meaning it wants to go back up. when the 333 ma line is below the price action like it is now....at 182.96.....price above that by 30 pips now........the price will spring outta there like a rubber band flicked it up........take this one to the bank.....as a trading system or just to get an idea of what the TRUE TREND short term is......more later....

ETAdd....that 333 ma is the same as a 50, and a 200 period crossover.....when the price action crosses the 333, but it is by far more dramatic to see a rejection bouncing off that line when the action is tossing our minds around....I can catch it within 3 pips....no problem.
  • #4,319
  • Feb 19, 2015 3:33pm Feb 19, 2015 3:33pm
Quoting Hickson
Very boring range. But support has been tested 2 times now and rejected pretty quick. I rather want to be a buyer above 60 ish if I think about it.
I took a long at 40 ish but might be stopped out, it is crawling deeper. But even if it happens I am still up 5 % for today which is good in terms of trading technique left out absolute profit numbers.
Fix up, trade sharp ...
  • #4,320
  • Feb 19, 2015 3:48pm Feb 19, 2015 3:48pm
Quoting Hickson
{quote} I took a long at 40 ish but might be stopped out, it is crawling deeper. But even if it happens I am still up 5 % for today which is good in terms of trading technique left out absolute profit numbers.
I went in long at 45 as well.
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