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Dragon Riders GBP/JPY

  • #7,281
  • Mar 13, 2015 7:19am Mar 13, 2015 7:19am
Quoting EllyE
This maybe a silly question. But I'm still learning, so hope you don't mind my asking. Does this mean mixed signals? Do nothing? Which break outs are next on either side? {quote}
It means sit on your hands and do nothing...........

I don't want to take over FX-Ray's thread here, I am only giving my thoughts when there is chop or trends active.

Most traders over trade and lose their money that way.

When price is in a bollinger band squeeze, that equals mixed signals or sit on your hands, wait for the breakout.

Get the indicators to be heavy on one side or the other on your chart, when they are floating in the middle , don't try and guess the direction in advance.
Attached Image (click to enlarge)
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The More You Learn, The More You Earn.....
  • #7,282
  • Mar 13, 2015 7:20am Mar 13, 2015 7:20am
Quoting Hickson
{quote} Hi Vermillion, I know believe it is possible to trade Geppy intraday with a SL of 10-40 pips given the situation. Even for trades holding longer than one day. It is all about timing and position size. Regards.
It is. I've seen FX-Ray do it frequently, after all. Sadly, I often come in a little too early/late by 20 pips or so, so my SL always as to be around 40-50pips, possibly more depending on the duration of the trade.
  • #7,283
  • Mar 13, 2015 7:21am Mar 13, 2015 7:21am
One question:

Is anyone holding long-term positions (6month - 2years) long/short in G/J ?
  • #7,284
  • Mar 13, 2015 7:29am Mar 13, 2015 7:29am
Quoting forexalien
{quote} It means sit on your hands and do nothing........... I don't want to take over FX-Ray's thread here, I am only giving my thoughts when there is chop or trends active. Most traders over trade and lose their money that way. When price is in a bollinger band squeeze, that equals mixed signals or sit on your hands, wait for the breakout. Get the indicators to be heavy on one side or the other on your chart, when they are floating in the middle , don't try and guess the direction in advance. {image}
I wouldnt bother if you do, contributors are allowed to post anything they want to as long as the thread rules are respected.
I dont see this thread as mine rather an environment for serious traders to express their thoughts and trading ideas.
So feel free.
  • #7,285
  • Edited 7:54am Mar 13, 2015 7:30am | Edited 7:54am
Quoting FX-Ray
One question: Is anyone holding long-term positions (6month - 2years) long/short in G/J ?
2 to 4 months on the weekly, maybe the 6 months you are looking for.............

It looks like we are starting wave 3 downward..............
The More You Learn, The More You Earn.....
  • #7,286
  • Mar 13, 2015 7:34am Mar 13, 2015 7:34am
Quoting forexalien
{quote} 2 to 4 months on the weekly, maybe the 6 months you are looking for............. I looks like we are starting wave 3 downward..............
You may have a look here, long-term DPs for [GBP/JPY]:
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  • #7,287
  • Mar 13, 2015 7:34am Mar 13, 2015 7:34am
A couple of weeks back I posted the weekly. I believe we are starting wave 3 the money wave................

It looks to be headed to the 50 SMA
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The More You Learn, The More You Earn.....
  • #7,288
  • Mar 13, 2015 7:36am Mar 13, 2015 7:36am
Quoting FX-Ray
{quote} You may have a look here, long-term DP for GBP/JPY: {image}
I have yet to learn to read your system, so I will do so this weekend, thanks.............
The More You Learn, The More You Earn.....
  • #7,289
  • Mar 13, 2015 7:37am Mar 13, 2015 7:37am
Quoting forexalien
{quote} I have yet to learn to read your system, so I will do so this weekend, thanks.............
These are just significant points, I'd like to know if you can find similarities within your methodology. You're welcome Alien
  • #7,290
  • Mar 13, 2015 7:38am Mar 13, 2015 7:38am
Quoting FX-Ray
{quote} You may have a look here, long-term DPs for [GBP/JPY]: {image}
Bereit
Fix up, trade sharp ...
  • #7,291
  • Mar 13, 2015 7:41am Mar 13, 2015 7:41am
Quoting Hickson
{quote} Bereit
Sir yes sir!
Attached Image
  • #7,292
  • Mar 13, 2015 7:41am Mar 13, 2015 7:41am
Hey dragon riders is anyone using strictly a Price action strategy? if so would you please share as my strategies have let me down this week and always looking for fresh simple ideas. I say simple because too many indicators just junk up my charts and cause me confusion and stress. Thanks in advance for your input
  • #7,293
  • Mar 13, 2015 7:42am Mar 13, 2015 7:42am
Quoting FX-Ray
{quote} These are just significant points, I'd like to know if you can find similarities within your methodology. You're welcome Alien
Alien only rides the waves using all time frames. I look for trends and momentum and trade those mainly..............
Attached Images
The More You Learn, The More You Earn.....
  • #7,294
  • Mar 13, 2015 7:44am Mar 13, 2015 7:44am
Quoting FX-Ray
{quote} Sir yes sir! {image}
"Kommen Sie, private Paula! Na wer sagt's denn! Ich glaube Sie haben nen Ständer!"
Fix up, trade sharp ...
  • #7,295
  • Mar 13, 2015 7:48am Mar 13, 2015 7:48am
Quoting forexalien
{quote} Alien only rides the waves using all time frames. I look for trends and momentum and trade those mainly.............. {image} {image}
Agreed but you havent answered my question
  • #7,296
  • Mar 13, 2015 7:49am Mar 13, 2015 7:49am
Quoting FX-Ray
G/J: 1/2 180.85/75 rejected + break of DP 180.40/30 next probably DP 179.50/40 if 1/2 179.95/85 resistance
Done, DP 179.50/40 printed.
  • #7,297
  • Mar 13, 2015 7:50am Mar 13, 2015 7:50am
Quoting NicMilani
Hey dragon riders is anyone using strictly a Price action strategy? if so would you please share as my strategies have let me down this week and always looking for fresh simple ideas. I say simple because too many indicators just junk up my charts and cause me confusion and stress. Thanks in advance for your input
This is as simple as it comes,

One indicator, 100,10,10 Stochastic, above 80 Buy below 80 get out, same for the 20 line.

Not are all profitable , but the larger gains out weigh the small losses by far.
Attached Image (click to enlarge)
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The More You Learn, The More You Earn.....
  • #7,298
  • Mar 13, 2015 7:50am Mar 13, 2015 7:50am
nice woke up and we're prettty much at 179.5 Lets see the reaction here wasnt up to short at 180.6 went out drinking last night haha but will look for action here.

edit: looks like we just blew right by haha

where's next DP 178.8/7?
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  • #7,299
  • Mar 13, 2015 7:51am Mar 13, 2015 7:51am
Quoting thegmann
nice woke up and we're prettty much at 179.5 Lets see the reaction here wasnt up to short at 180.6 went out drinking last night haha but will look for action here. edit: looks like we just blew right by haha {image} {image}
You shorted this buddy? Entry?
  • #7,300
  • Mar 13, 2015 7:52am Mar 13, 2015 7:52am
Quoting FX-Ray
{quote} Done, DP 179.50/40 printed.
And tp hit after keeping my cool
Fix up, trade sharp ...
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