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Enter The Dragon - GBP/JPY 2 replies

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Dragon Riders GBP/JPY

Quoting forexalien
{quote} FX-Ray > Treat every day and week as a new one and expect the unexpected. Expect things not may happen as you think they should. Dont trap yourself. Be open-minded and monitor it. Excellent advice Ray............ Forex is like looking at the scenery out of a car window while you are driving, it changes continuously. More so, it is like the road conditions that change and you need to adjust for them......... http://imgur.com/gallery/iJpVV9L
lmao, perfect example, I said it, you nailed it, thats teamwork
Quoting FX-Ray
{quote} Look last week was more or less clear, it wasnt rocketscience to ride it to the downside using the DP
I did find it rocket science. It was clear to you, but for me I was in total fear of the market turning and wiping my trades out...as has happened many times.
With my spread of 4 pips and most of those 'winning' trades being less than 15 pips my trading is massively inneficient and I see my exit as the prime cause. Last week I re-entered several times on moves between your levels as I fled too early.

Anyway, you have my genuine gratitude for your wisdom and DPs....it's very generous. Time is inexorably the only thing we can't make more of; regardless of endeavour, so to offer it to others is humbling.
hi bye and sleep well all
Quoting anima999
I did find it rocket science. It was clear to you, but for me I was in total fear of the market turning and wiping my trades out...as has happened many times. With my spread of 4 pips and most of those 'winning' trades being less than 15 pips my trading is massively inneficient and I see my exit as the prime cause. Last week I re-entered several times on moves between your levels as I fled too early. Anyway, you have my genuine gratitude for your wisdom and DPs....it's very generous. Time is inexorably the only thing we can't make more of; regardless...
When I started trading Ive been alot of my time in dark places, searching for some info I could find, helping me to become what I want to become.
I always missed facts and someone who clearly told me straight in my face whats really all about this madness.
I just got pieces and put the together accompanied with alot of pain and sacrifice, thats my way to give back.
When I started trading it was all about money until trading taught me the important things in life you cant buy for money and that's why I want to make the difference, I try to be as clear as possible everytime when I post something without the BS beating around the bush. Thats it, simple.

Anyway, im off, wish you a all good night and catch ya 2morrow, new day, new opportunities

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Quoting anima999
{quote} I did find it rocket science. It was clear to you, but for me I was in total fear of the market turning and wiping my trades out...as has happened many times. With my spread of 4 pips and most of those 'winning' trades being less than 15 pips my trading is massively inneficient and I see my exit as the prime cause. Last week I re-entered several times on moves between your levels as I fled too early. Anyway, you have my genuine gratitude for your wisdom and DPs....it's very generous. Time is inexorably the only thing we can't make more of;...
We have to get you to be confident and then the fear and greed goes away, and then you can be at peace with yourself.....................
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The More You Learn, The More You Earn.....
Took a long at 178.94. Geppy's bullish trend on Daily charts still look intact
There was a classic head and shoulder breakout last week that reached its target zone. If there's a bounce from current level, I'm anticipating a short at retest of around 181.60 pending price action.
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I know I have said I stay out of GBPs, but am greedy and liar and just bought few geppys. Keeping it very tight, those are scalps so just intrahour stops at 178,95.
"I know one thing, that I know nothing." Sokrates
Quoting Tom_D_Trader
I know I have said I stay out of GBPs, but am greedy and liar and just bought few geppys. Keeping it very tight, those are scalps so just intrahour stops at 178,95.
That is where I am selling , perfect
The More You Learn, The More You Earn.....
Quoting forexalien
{quote} That is where I am selling , perfect
Yes, perfect , was a bad knifecatch, I actually dont want those sterlings now, just wanted to sell some more Yen. Should GBP elections uncertainity + UJ correct from tops, GJ short could be good trade. On the other hand should UJ break tops, Geppy may no kill shorts, but just correct, due to GBP weakness holding the move. Lets wait
"I know one thing, that I know nothing." Sokrates
Quoting FX-Ray
{quote} Look last week was more or less clear, it wasnt rocketscience to ride it to the downside using the DPs but thats what the market offered and thats what we've taken but there is a fallacy here: We tend to adjust our expectations to our most recent outcome, in this case last week. Treat every day and week as a new one and expect the unexpected. Expect things not may happen as you think they should. Dont trap yourself. Be open-minded and monitor it.
recency bias just learned about that in class the other day
http://www.wikinvest.com/wiki/Recency_bias
Quoting thegmann
My GA if anyone is looking at this pair as well interesting level here coming up around 1.92/915. Will be watching closely if hold will go long for (hopefully) another 1000 pip run. If breaks will look to go short till 1.894 {image}
1.916 is my target on GA

BUT

I have a target of 1.956 as my target on GN which is quite a bit more of a drop respectively since its currently sitting at major support around 2.3. If 2.0 goes i dont see anything stoping if from hitting that price. maybe a small pull back in the middle but not anything major. also wondering if the move south will even pick up again before wed
Quoting raiders
{quote} 1.916 is my target on GA BUT I have a target of 1.956 as my target on GN which is quite a bit more of a drop respectively since its currently sitting at major support around 2.3. If 2.0 goes i dont see anything stoping if from hitting that price. maybe a small pull back in the middle but not anything major. also wondering if the move south will even pick up again before wed
just gotta wait and see euro open in 45 mins should hopefully start getting a clearer direction on where price wants to go from these key levels were currently sitting at right now.
Quoting thegmann
{quote} just gotta wait and see euro open in 45 mins should hopefully start getting a clearer direction on where price wants to go from these key levels were currently sitting at right now.
Quoting raiders
{quote}
pending on GN short 2.0040 SL 2.00650

Im already in short GA 1.93145 SL 1.9381
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Quoting thegmann
{quote} pending on GN short 2.0040 SL 2.00650 Im already in short GA 1.93145 SL 1.9381 {image} {image}
lets get paid
off to sleep see you in a few hours
Quoting raiders
off to sleep see you in a few hours
see ya tomorrow. Lets see if can get spike down here on NU help trigger bit of spike up on GN and get fill and see if we can break out at EU open.

lets see...
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Quoting infinitus
{quote} Hi Schickeria, thanks for the video. Really impressive how easy MT4 pricing can be manipulated. Regarding the historical data: do not understand what you want to show with the two sources. FxTop gets the historical data from the central banks. Regarding the three data sources: who are they from? Which broker? When I do compare the volume output from FXCM and the one from Dukascopy, they have different output values. That is dependent of how the volume is calculated and/or put into the volume/tick-volume indicator. Absolute values here are...
Good Morning,

a good example today from Oanda live account - some minutes ago (see pic) no dip. I forgot to make a screenshot.

Historical Data: I don't registered that fxtop is using central bank data. Reuters EBS Data alltime High was 1.6040. Scam Broker providing 1.6030. It-finance has 1.6039, BUT watch Januar 1980 on It-finance high was @ 1.4596 the high on broker xxx 1.1457
1985 : it-finance low @ 0.6382 and broker XXX @ 0.56330.

Only Question to you is how do you calculate your volume data, if you don't know if the alltime low was 0.6328 or 0.5633. I think tick volume is been creating by price - or ?

This is what i want to say if you take data from xxx brokers it's nonsense (on my view). It's just my view and NO NO NO attack to your trading system.

By the way i don't understand tick volume etc. and i can't discuss here. NO Plan!
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Quoting Schickeria
{quote} Good Morning, a good example today from Oanda live account - some minutes ago (see pic) no dip. I forgot to make a screenshot. Historical Data: I don't registered that fxtop is using central bank data. Reuters EBS Data alltime High was 1.6040. Scam Broker providing 1.6030. It-finance has 1.6039, BUT watch Januar 1980 on It-finance high was @ 1.4596 the high on broker xxx 1.1457 1985 : it-finance low @ 0.6382 and broker XXX @ 0.56330. Only Question to you is how do you calculate your volume data, if you don't know if the alltime low was 0.6328...
Morning Schick! Looking for opportunities ahead of Dragster 60 region is likely now since trading above daily PP. Also have a nice Fibo cluster!
Fix up, trade sharp ...
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