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Dragon Riders GBP/JPY

  • #6,361
  • Mar 9, 2015 12:08pm Mar 9, 2015 12:08pm
Time to short GJ at this level (183.4) ..... but wait for confirmation on 15Min
  • #6,362
  • Mar 9, 2015 12:11pm Mar 9, 2015 12:11pm
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 12:13pm Mar 9, 2015 12:13pm
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 12:13pm Mar 9, 2015 12:13pm
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 12:14pm Mar 9, 2015 12:14pm
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 12:16pm Mar 9, 2015 12:16pm
Quoting FX-Ray
{quote} in progess

Also managed to long at 183.166 Getting the hang of this lol
  • #6,367
  • Mar 9, 2015 12:18pm Mar 9, 2015 12:18pm
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 12:19pm Mar 9, 2015 12:19pm
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 12:19pm Mar 9, 2015 12:19pm
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 12:27pm Mar 9, 2015 12:27pm
Quoting FX-Ray
{quote} {quote} Nice Job
183.65 next
  • #6,371
  • Mar 9, 2015 12:35pm Mar 9, 2015 12:35pm
I big short on GJ is on cards........ today or tomorow it will break todays' low
  • #6,372
  • Mar 9, 2015 12:38pm Mar 9, 2015 12:38pm
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 12:38pm Mar 9, 2015 12:38pm
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 12:42pm Mar 9, 2015 12:42pm
Quoting mrcreosote
{quote} {image}
lmao
  • #6,375
  • Mar 9, 2015 12:46pm Mar 9, 2015 12:46pm
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 12:55pm Mar 9, 2015 12:55pm
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 1:05pm Mar 9, 2015 1:05pm
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 1:43pm Mar 9, 2015 1:43pm
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 1:49pm Mar 9, 2015 1:49pm
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 1:51pm Mar 9, 2015 1:51pm
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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