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Dragon Riders GBP/JPY

  • #6,361
  • Mar 9, 2015 10:08am Mar 9, 2015 10:08am
Time to short GJ at this level (183.4) ..... but wait for confirmation on 15Min
  • #6,362
  • Mar 9, 2015 10:11am Mar 9, 2015 10:11am
Quoting FX-Ray
DP 183.10/00 looks strong to me; next probably DP 183.70/60* *typo corrected
in progess
  • #6,363
  • Mar 9, 2015 10:13am Mar 9, 2015 10:13am
Quoting FX-Ray
{quote} in progess
Will take half of the position on print of 60 and adjust stops accordingly!
  • #6,364
  • Mar 9, 2015 10:13am Mar 9, 2015 10:13am
serious run today. and the best part about it was the nice angle/slope its taking. those long deliberate paths are nice indicators of continued strength imo
  • #6,365
  • Mar 9, 2015 10:14am Mar 9, 2015 10:14am
Quoting workingforex
{quote} Will take half of the position on print of 60 and adjust stops accordingly!
business as usual right?
  • #6,366
  • Mar 9, 2015 10:16am Mar 9, 2015 10:16am
Quoting FX-Ray
{quote} in progess

Also managed to long at 183.166 Getting the hang of this lol
  • #6,367
  • Mar 9, 2015 10:18am Mar 9, 2015 10:18am
Quoting FX-Ray
{quote} business as usual right?
It was a good run today and have marked your words!

"Money is made by waiting patiently!" Kept on telling my self today and it actually paid.

Add: Stops at 182.88, would be okay even if it hits!
  • #6,368
  • Mar 9, 2015 10:19am Mar 9, 2015 10:19am
Christ I was long at 182.15 this morning and at the slightest sign of it going down I closed
I'm a big baby, think I'm going to go and find myself a large nappy to wear.....
used to be undecided but nowadays can't make my mind up
  • #6,369
  • Mar 9, 2015 10:19am Mar 9, 2015 10:19am
Quoting mello87
Also managed to long at 183.166 Getting the hang of this lol
Quoting workingforex
It was a good run today and have marked your words! "Money is made by waiting patiently!" Kept on telling my self today and it actually paid.
Nice Job
  • #6,370
  • Mar 9, 2015 10:27am Mar 9, 2015 10:27am
Quoting FX-Ray
{quote} {quote} Nice Job
183.65 next
  • #6,371
  • Mar 9, 2015 10:35am Mar 9, 2015 10:35am
I big short on GJ is on cards........ today or tomorow it will break todays' low
  • #6,372
  • Mar 9, 2015 10:38am Mar 9, 2015 10:38am
Quoting munirnadir
I big short on GJ is on cards........ today or tomorow it will break todays' low
And why is that?
  • #6,373
  • Mar 9, 2015 10:38am Mar 9, 2015 10:38am
Quoting munirnadir
I big short on GJ is on cards........ today or tomorow it will break todays' low
Attached Image
used to be undecided but nowadays can't make my mind up
  • #6,374
  • Mar 9, 2015 10:42am Mar 9, 2015 10:42am
Quoting mrcreosote
{quote} {image}
lmao
  • #6,375
  • Mar 9, 2015 10:46am Mar 9, 2015 10:46am
I see big drawdowns are still a no1 killer of peoples accounts

Add: Out for another 1:3 trade. Just over. 2 of those today. Can't argue. Those DP's are great
  • #6,376
  • Mar 9, 2015 10:55am Mar 9, 2015 10:55am
Quoting FX-Ray
{quote} I believe anything is true in the market at a certain time and degree. I'd like to answer you to this sentence "which would affect a pair temporarily and allow for a 30-50-80 pip win"; I'd like you to go the the daily chart of GBP/JPY and go the the 19th September 2014 - 15. Oktober 2014; fundamentals policy was still in place and fundamentals cleary were up but still sentiment was able to push down GBP down approximately ~1270Pips. I basically stick to the fundamentals but I dont ignore sentiment, it even give you greater opportunities...
True, but this is not sentiment that pushed the GBP down. There re fundamental reasons besides sentiment, if u noticed, the EURO zone is suffering while the US is coming out of recession. So the overall sentiment is USD strong and EURO weak, GBP is caught in between. Now, with this sentiment prevailing as u and I agree, every small piece of the puzzle plays on that sentiment in the general direction of the sentiment. For example, is QE that bad in order to bring down the EURO so badly, the answer is YES, it is sentiment coupled with printing out 1 Trillion EUROs to bail out Greece etc., this increase in supply of EURO will cause it to depreciate, very simple, but depreciate till what level, depends on the strength of the USD. Anyways, once the fundamentals are in, the sentiment drives. Remember that last Sept 2014 QE was still not in place, no one knew when and how and how much it would be, everyone was betting on 500 billion, then Draghi came out with 1 Trillion. Take care , many pips.
  • #6,377
  • Mar 9, 2015 11:05am Mar 9, 2015 11:05am
Quoting Tradezilla
{quote} True, but this is not sentiment that pushed the GBP down. There re fundamental reasons besides sentiment, if u noticed, the EURO zone is suffering while the US is coming out of recession. So the overall sentiment is USD strong and EURO weak, GBP is caught in between. Now, with this sentiment prevailing as u and I agree, every small piece of the puzzle plays on that sentiment in the general direction of the sentiment. For example, is QE that bad in order to bring down the EURO so badly, the answer is YES, it is sentiment coupled with printing...
BOJ is easing since March 19, 2001
  • #6,378
  • Mar 9, 2015 11:43am Mar 9, 2015 11:43am
Quoting AllyB
crap stopped out at -20
ditto, -15x2, shit day to be shorting this thing...shit day all around mostly...
Look Sharp/Trade Tight
  • #6,379
  • Mar 9, 2015 11:49am Mar 9, 2015 11:49am
Quoting workingforex
{quote} It was a good run today and have marked your words! "Money is made by waiting patiently!" Kept on telling my self today and it actually paid. Add: Stops at 182.88, would be okay even if it hits!
Well done, yeah ... the art I am still struggling with is the difference between knowing when to take 50 pips of profit and when to let it run. I tend to get s/o at BE on these 20-60 pips + trades a lot and on the other hand tp too early on huge runners. Must be something to fix, I do not think it is all just bad luck atm, even if it looks like it as close as it often was.
Fix up, trade sharp ...
  • #6,380
  • Mar 9, 2015 11:51am Mar 9, 2015 11:51am
Quoting PayTheLimit
{quote} ditto, -15x2, shit day to be shorting this thing...shit day all around mostly...
Sure this is just a rare day for you mate ... better trades tomorrow.
Fix up, trade sharp ...
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