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Dragon Riders GBP/JPY

  • #4,441
  • Feb 20, 2015 8:38am Feb 20, 2015 8:38am
Music to relieve the boredom
Inserted Video
used to be undecided but nowadays can't make my mind up
  • #4,442
  • Feb 20, 2015 8:40am Feb 20, 2015 8:40am
Quoting FX-Ray
Its 5:40pm here soon, my time is over, great week, hope you also had a great one, enjoy your weekend , im out, until next week https://www.youtube.com/watch?v=HGGPCKLHujI
Have a great weekend Ray, come back fighting fit and ready for more battles
used to be undecided but nowadays can't make my mind up
  • #4,443
  • Feb 20, 2015 8:42am Feb 20, 2015 8:42am
Quoting FX-Ray
Its 5:40pm here soon, my time is over, great week, hope you also had a great one, enjoy your weekend , im out, until next week https://www.youtube.com/watch?v=HGGPCKLHujI
same to you Ray
  • #4,444
  • Feb 20, 2015 9:07am Feb 20, 2015 9:07am
Yup, stopped at BE so call it a day. Happy weekend!
Fix up, trade sharp ...
  • #4,445
  • Feb 20, 2015 9:41am Feb 20, 2015 9:41am
Another sudden 50 pips move.. I hope some of you understand what I mean why I hate this pair.. it has sudden moves like a shitty cockroach..
Focus only on what truly matters!
  • #4,446
  • Feb 20, 2015 10:12am Feb 20, 2015 10:12am
Quoting Ata-Turkoglu
Another sudden 50 pips move.. I hope some of you understand what I mean why I hate this pair.. it has sudden moves like a shitty cockroach..
Hmmm, haven't a clue, had a small short in a few pip of profit and next thing I look up and I'm 70 pip in the red?? Crazy just plain crazy. Oh well its the pair you love to hate. Oh well its 130 pip to the stops and CD/J isn't following Ill let it ride. Not like I haven't hit a stops before .
  • #4,447
  • Feb 20, 2015 10:22am Feb 20, 2015 10:22am
First off I missed the sell signal at the beginning of the day. Got in after psy level of 182. got far enough down to add to my position and then price turnt round and shot off into space and hit my stops whilst I was in the bath. All in all a pretty bad day so I'm going to get drunk and look for a website that can explain how to trade with FX-rays turn overs.
  • #4,448
  • Feb 20, 2015 10:29am Feb 20, 2015 10:29am
To me this day was clearly wicked.. my brain stopped after the sudden return.. anyway.. therefore we have weekends.. must get a good rest..

Happy Trades
Focus only on what truly matters!
  • #4,449
  • Feb 20, 2015 10:32am Feb 20, 2015 10:32am
Just opened a 1 lot short at 183.20.. SL: 183.50 will leave it this way..

Happy Trades
Focus only on what truly matters!
  • #4,450
  • Feb 20, 2015 10:36am Feb 20, 2015 10:36am
I'm too much of a coward to leave trades over a weekend.

Best of luck
  • #4,451
  • Feb 20, 2015 10:37am Feb 20, 2015 10:37am
Quoting Ata-Turkoglu
Just opened a 1 lot short at 183.20.. SL: 183.50 will leave it this way.. Happy Trades
Maybe best idea is to leave the powder dry for next week after a bunch of shake outs ... just my opinion. Happy weekend!
Fix up, trade sharp ...
  • #4,452
  • Feb 20, 2015 10:39am Feb 20, 2015 10:39am
Yep crazy, I averaged down with half a position on GJ,, took an offsetting long with Cad/Jpy ,,,, who knows crazy stuff.
  • #4,453
  • Edited 10:50am Feb 20, 2015 10:40am | Edited 10:50am
Quoting Vermillion
Well, I guess tping at 182.00 from a 182.50 short turned out to be a sound investment. I'll take a small short at 183. optimal TP 180, Initial target at 181.70, 181.00. SL at a marked penetration above 183.40 (so 183.60-ish). Might leave early if bear trend is dying off. As for 184 short from yesterday's highs....I'll leave it at 183.80 for now for SL.
Short triggered. Currently watching 183.60/50. If it goes above that, I'm closing both shorts. Current trade size is 2:1 for shorts at 184 & 183.00, so it'll be a small profit of 20pips if we break above. At worst case (ex: a 30 pip immediate jump), I'll break even most likely.

Possible chance of scraping 183.50/40 now, but I doubt we'll break to 184 today.

Greece is once AGAIN being the key issue. Purported news from ECB said they're prearing for Grexit , then other news says that Greece believes the Eurogroup came to an accord with them, and gah, it's hectic. As soon as we get confirmation of a finalized deal between Greece & Eurogroup, I'm closing and waiting for the spike up. Won't try longing it though; too volatile.

The eur/usd is being even more hilarious.
  • #4,454
  • Feb 20, 2015 10:42am Feb 20, 2015 10:42am
Quoting Hickson
{quote} Maybe best idea is to leave the powder dry for next week after a bunch of shake outs ... just my opinion. Happy weekend!
Here I stick to the 20/80 rule.. if it sucks it sucks..

Happy Trades
Focus only on what truly matters!
  • #4,455
  • Feb 20, 2015 10:46am Feb 20, 2015 10:46am
Quoting Ata-Turkoglu
To me this day was clearly wicked.. my brain stopped after the sudden return.. anyway.. therefore we have weekends.. must get a good rest.. Happy Trades
Yeah, but believe me, this pair has had nothing on the Dax this week. Might try and do a bit of Dragon riding next week
  • #4,456
  • Feb 20, 2015 10:51am Feb 20, 2015 10:51am
Quoting cat
{quote} Yeah, but believe me, this pair has had nothing on the Dax this week. Might try and do a bit of Dragon riding next week
I noticed that too.. I had eyes on both and it didn't help me this week..
Focus only on what truly matters!
  • #4,457
  • Feb 20, 2015 10:56am Feb 20, 2015 10:56am
Well, there's my new mantra for the start of 2015: Blame Grexit.

Or more specifically, the Greek bailout issue. Evrey time we get a breaking announcement, the gbp/jpy just stops what it was doing and lurches towards the direction of the news. Can't trade trends with this one; the only thing fib points are good for are as marking points right now.
  • #4,458
  • Feb 20, 2015 10:59am Feb 20, 2015 10:59am
Quoting Ata-Turkoglu
{quote} I noticed that too.. I had eyes on both and it didn't help me this week..
I think it was a difficult week for most people...vicious moves! But that's the market, and they'll be loads of great opportunities next week.
  • #4,459
  • Feb 20, 2015 11:06am Feb 20, 2015 11:06am
Quoting cat
{quote} I think it was a difficult week for most people...vicious moves! But that's the market, and they'll be loads of great opportunities next week.
To me the afternoon was tricky.. it was like nothing did kill you on the MMA arena and then you happily come back to the bathroom to take a shower but slip and break your leg..
Focus only on what truly matters!
  • #4,460
  • Feb 20, 2015 11:32am Feb 20, 2015 11:32am
Quoting Ata-Turkoglu
{quote} To me the afternoon was tricky.. it was like nothing did kill you on the MMA arena and then you happily come back to the bathroom to take a shower but slip and break your leg..
It is a bit depressing. We dropped nearly 200 pips in the past 10 hours, and it just pops right back up to square one. Even on your winning trades, you can't help but wonder what would it be like if you closed earlier, say at 182. We're now at 183.250.

And the sad thing is, it might continue for a few more days or even months, so long as the issue of Greek's debt keeps getting dragged on. That's one of the reasons why I don't want the Greek extension; then it'll be a repeat of this week or and over again for the entire quarter. The one good thing is that the lunar year celebrations will be over next week, so Asia (specifically, the yen) should get more active.....hopefully.
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