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Dragon Riders GBP/JPY

  • #4,521
  • Feb 23, 2015 5:17am Feb 23, 2015 5:17am
Quoting Hickson
Good money management makes trading very boring. This is what I want. A trading that bores the crap out of me - life is stressful enough lol
indeed. big money on the line makes it stressful. and drawdowns are difficult to recover from

should be happy with 0.2% gain per day (on investment net worth), really. over 20 years.. more money than you know what to do with.


seen a guy her at FF with an $80k account who trades 0.05 lot grids. he never loses a trade, but only makes like 10% a year.
Be hopeful in a winning position, and fearful in a losing position.
  • #4,522
  • Feb 23, 2015 5:26am Feb 23, 2015 5:26am
Quoting FX-Ray
{quote} next significant level is 182.60/50; if support you may get lucky but if resistance be careful. just my 2 cents
thanks , i am also holding the GBPUSD sell position so when does the GBP gains , and looses nothing change for me , but if the JPY gains I will loose both way , so still wanna hold both positions lets see what happen
  • #4,523
  • Feb 23, 2015 5:29am Feb 23, 2015 5:29am
Quoting FX-Ray
E/U: {image}
Anyway, below 1.1285/75, 1.1175 is significant..

Check Post #4230
  • #4,524
  • Feb 23, 2015 5:33am Feb 23, 2015 5:33am
Quoting Vermillion
Flat. waiting to see price reaction to the usual fib supports: 184.20/00, 183, 182.60/40. Those three points are what I'm focusing on right now. To the downside, targeting 182, 181.70/50, 181, and 180. Upside....looking at upper 184 or just around 185 for now. Possibly 186 if Greece's debt issue gets finalized and we get a bull run on gbp/jpy after the dust settle. Leaning towards bears unless we get another news leak from Greece. Then it'll depend on what the news is. I still favor a corrective bear move to retest 181, but it'll come down to whatever...
I like it when you post the fibo information....thank you...
  • #4,525
  • Feb 23, 2015 5:36am Feb 23, 2015 5:36am
Quoting Gbp/jpy
{quote} I like it when you post the fibo information....thank you...
too bad I dont grasp how to trade fibos..
  • #4,526
  • Feb 23, 2015 5:43am Feb 23, 2015 5:43am
Quoting Tom_D_Trader
{quote} Loool, I said math, not hi tech statistics! Man . I could maybe figure it out if I was thinking about that line for a few days. So gimme those please, I answer later. edit: Man that looks total nuts! Wtf, now you got me.
Mate, any thoughts so far?
  • #4,527
  • Feb 23, 2015 5:43am Feb 23, 2015 5:43am
Okay off for lunch, take care, bbl
  • #4,528
  • Feb 23, 2015 5:44am Feb 23, 2015 5:44am
what DP we should consider GJ?
  • #4,529
  • Feb 23, 2015 5:46am Feb 23, 2015 5:46am
Quoting mszaman
what DP we should consider GJ?
184.30/10
183.50/40
182.60/40
181.70/60

Upside: Post #3900
Downside: Post #3376
  • #4,530
  • Feb 23, 2015 5:55am Feb 23, 2015 5:55am
Quoting Rag2RichesFX
{quote} indeed. big money on the line makes it stressful. and drawdowns are difficult to recover from should be happy with 0.2% gain per day (on investment net worth), really. over 20 years.. more money than you know what to do with. seen a guy her at FF with an $80k account who trades 0.05 lot grids. he never loses a trade, but only makes like 10% a year.
I wish I could trade that small mate, but growing from seed. Anyway I think that more than 1-2 % risk is way off unless you are not a superprofessional - and I mean superprofessional not a fake guru. If you are able to make 2-5 % a week you might turn almost any amount into a fortune in years.
Fix up, trade sharp ...
  • #4,531
  • Feb 23, 2015 5:57am Feb 23, 2015 5:57am
Quoting mszaman
what DP we should consider GJ?
Please be aware that these number are no secret. Everyone has their own way of determining them, (trendlines - I often use circles) but each and every trader with a basic MT4 platform has the exact tool already at their disposal. A tool that provides these numbers to the pip. But as with each and every tool you employ, all they do is offer support or resistance. They do not provide direction.
  • #4,532
  • Feb 23, 2015 6:01am Feb 23, 2015 6:01am
back in 86

45 would be awesome
Be hopeful in a winning position, and fearful in a losing position.
  • #4,533
  • Feb 23, 2015 6:02am Feb 23, 2015 6:02am
Quoting Hickson
{quote} I wish I could trade that small mate, but growing from seed. Anyway I think that more than 1-2 % risk is way off unless you are not a superprofessional - and I mean superprofessional not a fake guru. If you are able to make 2-5 % a week you might turn almost any amount into a fortune in years.
exactly my goal is 3% compounded a week. its 500mil in like 8 years.
lol

its doable just very difficult but i got this shit yo ]
shoot for the goal and come up short... still 1% a week is amazing.


of course liquidity becomse an issue
then only trade weekly time frames... pepper in 1000s of lots at a time..
Be hopeful in a winning position, and fearful in a losing position.
  • #4,534
  • Feb 23, 2015 6:21am Feb 23, 2015 6:21am
Quoting FX-Ray
{quote} Mate, any thoughts so far?
Mate, I have not been thinking, havent progressed a bit with my analysis, and actually you should see my trading room,.... I had so full hands of that Yen move on Friday I ve almost got heartattack . I shoot fckin heavy and overload intraday and then massive drop started. Just a perfect day, ya know? Lost about 2% on short and mid term positions, only long term stops held and Euro spikey cut me about BE of Euro trades.... so was in loss 2%!!! after pretty nice week and floating @ 3.
"I know one thing, that I know nothing." Sokrates
  • #4,535
  • Feb 23, 2015 6:22am Feb 23, 2015 6:22am
hope to see fresh highs this week 184.70 , 187 next month target if every thing go well on UJ
  • #4,536
  • Feb 23, 2015 6:36am Feb 23, 2015 6:36am
Quoting FX-Ray
{quote} too bad I dont grasp how to trade fibos..
your posts are the bomb.....those fibo extensions seem to be heavy hitters!!!
  • #4,537
  • Feb 23, 2015 6:36am Feb 23, 2015 6:36am
Quoting Rag2RichesFX
back in 86 45 would be awesome
looking for longs at 182.45 if it gets there.
Fix up, trade sharp ...
  • #4,538
  • Feb 23, 2015 6:41am Feb 23, 2015 6:41am
Quoting Hickson
{quote} looking for longs at 182.45 if it gets there.
whats your target i am already holding long from 182.4xx
  • #4,539
  • Feb 23, 2015 6:45am Feb 23, 2015 6:45am
Quoting edyraper
{quote} whats your target i am already holding long from 182.4xx
Test of last week's highs and then see if it breaks or just tp.
Fix up, trade sharp ...
  • #4,540
  • Feb 23, 2015 6:49am Feb 23, 2015 6:49am
Quoting Rag2RichesFX
The world does 15 billion lots per year at least. Me? Maybe 1000.
Ok, I will overtrade, to match 15 Bn. Starting right now and buying both UJ and GJ. Please Yen let me live . Stops only long term, UJ 118,129 GJ 181,475. Dont have mood for those spikes.
"I know one thing, that I know nothing." Sokrates
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