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Dragon Riders GBP/JPY

  • #5,121
  • Mar 3, 2015 4:34am Mar 3, 2015 4:34am
Quoting FX-Ray
{quote} Thats why I believe its important to stick to extremes and ignore everything between.
Which is why you are calculating only extremes. Price Action signals (candles) are ok, but I guess only on higher TFs. A doji on M1 or M5 is basically useless for me.
Fix up, trade sharp ...
  • #5,122
  • Mar 3, 2015 4:42am Mar 3, 2015 4:42am
Quoting Hickson
{quote} Which is why you are calculating only extremes. Price Action signals (candles) are ok, but I guess only on higher TFs. A doji on M1 or M5 is basically useless for me.
Exactly. Indeed they are useless, candlesticks are optimal for daily especially the close, everything below is unusable imho.
  • #5,123
  • Mar 3, 2015 4:52am Mar 3, 2015 4:52am
hey FX Ray love your thread fantastic ideas and much loved humor. Thanks!
  • #5,124
  • Mar 3, 2015 4:53am Mar 3, 2015 4:53am
Quoting FX-Ray
{quote} Exactly. Indeed they are useless, candlesticks are optimal for daily especially the close, everything below is unusable imho.
About 50-60 % of H1 patterns like morning star, evening star seem to have some validity for some pips. The problem is: Where has the stop to be for a good RR. Then: What is realistic - > so is there really a good RR. On daily a pattern usually can give a high probability trade, but it does not happen so often
Fix up, trade sharp ...
  • #5,125
  • Mar 3, 2015 4:55am Mar 3, 2015 4:55am
Quoting FX-Ray
{quote} Exactly. Indeed they are useless, candlesticks are optimal for daily especially the close, everything below is unusable imho.
Just to give you an example Hicks, look at the picture. You know most traders really focus on complicated methodologies and trading systems and totally missing the facts.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.png Size: 60 KB
  • #5,126
  • Mar 3, 2015 4:57am Mar 3, 2015 4:57am
Quoting FX-Ray
{quote} Just to give you an example Hicks, look at the picture. You know most traders really focus on complicated methodologies and trading systems and totally missing the facts. {image}
Simple, but well respected!
Fix up, trade sharp ...
  • #5,127
  • Mar 3, 2015 4:58am Mar 3, 2015 4:58am
here comes a slam... get ready 2 hours sellinjpy pairs after a slight rise.....sellin big time.....it'll make new highs further out

London's letting early New York get in, too!!!
  • #5,128
  • Mar 3, 2015 5:03am Mar 3, 2015 5:03am
Quoting Gbp/jpy
here comes a slam... get ready 2 hours sellinjpy pairs after a slight rise.....sellin big time.....it'll make new highs further out London's letting early New York get in, too!!!
  • #5,129
  • Mar 3, 2015 5:08am Mar 3, 2015 5:08am
Might see a test of 184.30 - 40 now. If it is rejected, I am thinking about taking a short there. But I can wait ...
Fix up, trade sharp ...
  • #5,130
  • Edited 5:20am Mar 3, 2015 5:09am | Edited 5:20am
Quoting Hickson
Might see a test of 184.30 - 40 now. If it is rejected, I am thinking about taking a short there. But I can wait ...
Exactly Just thought the same..

Add(0): If negative for down; I even may consider a long there for a test of DP 184.90/80
Add(1): Looks positive
  • #5,131
  • Mar 3, 2015 5:22am Mar 3, 2015 5:22am
Quoting FX-Ray
{quote} Exactly Just thought the same.. Add(0): If negative for down; I even may consider a long there for a test of DP 184.90/80 Add(1): Looks positive
Despite 183.70/60 is a DP, we got four consecutive daily lows there, if it really gets taken out I know where it should go
  • #5,132
  • Mar 3, 2015 5:27am Mar 3, 2015 5:27am
E/U 1.1165 crucial
  • #5,133
  • Mar 3, 2015 5:35am Mar 3, 2015 5:35am
G/U current
Attached Image (click to enlarge)
Click to Enlarge Name: GU_current.png Size: 308 KB
  • #5,134
  • Mar 3, 2015 5:36am Mar 3, 2015 5:36am
I went in short at .200 off the big bull m15 candle.
Still green pips but only just so watching like a hawk.
  • #5,135
  • Mar 3, 2015 5:39am Mar 3, 2015 5:39am
Quoting anima999
I went in short at .200 off the big bull m15 candle. Still green pips but only just so watching like a hawk.
Attached Image
  • #5,136
  • Mar 3, 2015 5:44am Mar 3, 2015 5:44am
Oh my gosh love you humor this pic is good...thoughts at the moment on GJ ...short from184.037 not making me happy....
  • #5,137
  • Mar 3, 2015 6:02am Mar 3, 2015 6:02am
Quoting NicMilani
Oh my gosh love you humor this pic is good...thoughts at the moment on GJ ...short from184.037 not making me happy....
If 184.40/30 holds it may get back to 184.00/83.90
  • #5,138
  • Mar 3, 2015 6:07am Mar 3, 2015 6:07am
This is what I was thinking Thank you
  • #5,139
  • Mar 3, 2015 6:15am Mar 3, 2015 6:15am
uj....first target 118.77, then 117.33 further out.....then up

looks like they want to do a slow moving schmooze.....not so much a slam....
  • #5,140
  • Mar 3, 2015 6:32am Mar 3, 2015 6:32am
GJ ..Loook like Negatif?
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