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Dragon Riders GBP/JPY

  • #6,761
  • Mar 11, 2015 3:06am Mar 11, 2015 3:06am
Quoting Mpt
{quote} How about you exert your Teutonic influence and take charge.
lol
Fix up, trade sharp ...
  • #6,762
  • Mar 11, 2015 3:07am Mar 11, 2015 3:07am
Very interesting PA ... running stops or is it something real? Well, short stop triggered on being s/o and since daily PP has been sold once again.
Fix up, trade sharp ...
  • #6,763
  • Mar 11, 2015 3:15am Mar 11, 2015 3:15am
Quoting Hickson
Very interesting PA ... running stops or is it something real? Well, short stop triggered on being s/o and since daily PP has been sold once again.
This looks just like a SL hunt.. that's why I never use real stop losses and decide after a candle close below the stop on my mind.

I am still in and don't think to short yet..

(My real SL is always 75 or 100 pips below my initial entry just in case I can not react quickly enough to close in case accidents like the lately CHF fall)

Happy Trades
Focus only on what truly matters!
  • #6,764
  • Mar 11, 2015 3:16am Mar 11, 2015 3:16am
Shorted at 182.88 with SL 183.15. I see a lower high at the moment. First target 181.80 for now. Manafacturing production could the me key for GJ to continue rally or create new low.
  • #6,765
  • Mar 11, 2015 3:17am Mar 11, 2015 3:17am
Quoting Hickson
Very interesting PA ... running stops or is it something real? Well, short stop triggered on being s/o and since daily PP has been sold once again.
A bit of both. We recently had a speech from Draghi: apparently, the ECP expanded tools to meet policy mandate.

Probably won't be a negation for bulls, though. We've yet to test the 183.250 (which also happens to be the bullish trendline I've been keeping for a while). And like that, we go right back above 182.80.

If 183.250 is positive, further upside is very likely. Very.
  • #6,766
  • Mar 11, 2015 3:18am Mar 11, 2015 3:18am
Quoting Vermillion
{quote} A bit of both. We recently had a speech from Draghi: apparently, the ECP expanded tools to meet policy mandate. Probably won't be a negation for bulls, though. We've yet to test the 183.250 (which also happens to be the bullish trendline I've been keeping for a while)
Draghi is speaking NOW - look at the effect he is having on the Dax and the Euro......
used to be undecided but nowadays can't make my mind up
  • #6,767
  • Mar 11, 2015 3:19am Mar 11, 2015 3:19am
Quoting Ata-Turkoglu
{quote} This looks just like a SL hunt.. that's why I never use real stop losses and decide after a candle close below the stop on my mind. I am still in and don't think to short yet.. (My real SL is always 75 or 100 pips below my initial entry just in case I can not react quickly enough to close in case accidents like the CHF case caused) Happy Trades
Could be ... No real SL seems very risky to me since you risk losing very much if 100 pips SL will be triggered, but if it works for you it is ok of course.
Fix up, trade sharp ...
  • #6,768
  • Mar 11, 2015 3:20am Mar 11, 2015 3:20am
Quoting mrcreosote
{quote} Draghi is speaking NOW - look at the effect he is having on the Dax and the Euro......
What EU has become now I believe those crazy Draghi show days are over..
Focus only on what truly matters!
  • #6,769
  • Mar 11, 2015 3:21am Mar 11, 2015 3:21am
Quoting mrcreosote
{quote} Draghi is speaking NOW - look at the effect he is having on the Dax and the Euro......
Yen pairs shouldn't be affected off their current ongoing trend. If Europe had a major event that'd be a intraday trend changer, we'd see something far more significant.

Consider how price is still hovering above 182.80, it'll be difficult for bears to gain control once more right now. Not impossible, but less likely than bulls retaining their hold.

On a side note, I'm REALLY beginning to hate forex tournaments. You always have those nutjobs that literally operate at the maximum leverage and just risk it all in one go. Most of them fail, but if thousands of people do it, it only takes one jackass to succeed and take the first place prize away.

How the hell did someone get $104,000 in TWO DAYS with a $10,000 starting capital? The best I've managed was turning that $10,000 into $28,000 in the same time period. Jesus.

Has anyone participated in forex tournaments before? If so, I really must ask-has anyone ever won a prize from it?
  • #6,770
  • Mar 11, 2015 3:23am Mar 11, 2015 3:23am
Quoting Hickson
{quote} Could be ... No real SL seems very risky to me since you risk losing very much if 100 pips SL will be triggered, but if it works for you it is ok of course.
IMO, 75 or 100 pips real SL is good for many pairs cause most of the peaky moves are inbetween 40 to 60 pips.. very rarely a 100 pip move may happen and that's nothing if I lose once or twice in a year compared to the thousand of pips I make..

But again.. it never comes to that point.. I am always already out of the market way before..
Focus only on what truly matters!
  • #6,771
  • Mar 11, 2015 3:28am Mar 11, 2015 3:28am
Quoting Hickson
No DPs, no Ray
what is DP means
  • #6,772
  • Mar 11, 2015 3:29am Mar 11, 2015 3:29am
I begin to understand why Ray is not here at those days ... it is like he knows when the market conditions are crap to trade.
Fix up, trade sharp ...
  • #6,773
  • Mar 11, 2015 3:33am Mar 11, 2015 3:33am
Quoting Hickson
I begin to understand why Ray is not here at those days ... it is like he knows when the market conditions are crap to trade.
Wait a few hours until NY comes alive. New York + London always moves markets for gbp/jpy.
  • #6,774
  • Mar 11, 2015 3:37am Mar 11, 2015 3:37am
Quoting Hickson
I begin to understand why Ray is not here at those days ... it is like he knows when the market conditions are crap to trade.
Look at the calendar, news moves markets....UK news in an hour might get things going for the dragon
Like I pointed out earlier, Dax and Euro were the trades today due to Dragzilla
I'm trying hard to learn which markets to ignore and when, and this is why I think a 'range of instruments' is important and why I like to listen to gurus like Ray
WAKE UP RAY, WE MISS YOU
used to be undecided but nowadays can't make my mind up
  • #6,775
  • Mar 11, 2015 3:42am Mar 11, 2015 3:42am
Quoting mrcreosote
{quote} Look at the calendar, news moves markets....UK news in an hour might get things going for the dragon Like I pointed out earlier, Dax and Euro were the trades today due to Dragzilla I'm trying hard to learn which markets to ignore and when, and this is why I think a 'range of instruments' is important and why I like to listen to gurus like Ray WAKE UP RAY, WE MISS YOU

Not sure if Ray sees himself as a guru though ...
Fix up, trade sharp ...
  • #6,776
  • Mar 11, 2015 3:44am Mar 11, 2015 3:44am
Quoting Vermillion
{quote} Yen pairs shouldn't be affected off their current ongoing trend. If Europe had a major event that'd be a intraday trend changer, we'd see something far more significant. Consider how price is still hovering above 182.80, it'll be difficult for bears to gain control once more right now. Not impossible, but less likely than bulls retaining their hold. On a side note, I'm REALLY beginning to hate forex tournaments. You always have those nutjobs that literally operate at the maximum leverage and just risk it all in one go. Most of them fail,...
I didn't turn 10.000 to 20 30 or higher.. but I turn it to 14.000 every day.. I prefer to have little fish every day than big fish once in a while..
Focus only on what truly matters!
  • #6,777
  • Mar 11, 2015 3:46am Mar 11, 2015 3:46am
Quoting Hickson
{quote} Not sure if Ray sees himself as a guru though ...
Good morning guys,

Guru? Please not, I cant stand those people.. I see myself more like this
Attached Image
  • #6,778
  • Mar 11, 2015 3:46am Mar 11, 2015 3:46am
Quoting FX-Ray
{quote} Good morning guys, Guru? Please not, I cant stand those people.. I see myself more like this {image}
Focus only on what truly matters!
  • #6,779
  • Mar 11, 2015 3:47am Mar 11, 2015 3:47am
Quoting FX-Ray
{quote} Good morning guys, Guru? Please not, I cant stand those people.. I see myself more like this {image}
Fix up, trade sharp ...
  • #6,780
  • Mar 11, 2015 3:47am Mar 11, 2015 3:47am
Quoting Hickson
I begin to understand why Ray is not here at those days ... it is like he knows when the market conditions are crap to trade.
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