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Dragon Riders GBP/JPY

  • #8,561
  • Mar 20, 2015 2:36am Mar 20, 2015 2:36am
Quoting Mpt
So, the group think has arrived here as well
At least no one's blowing up rockets or anything, as some people have done under the influence of group think
Good morning to all
  • #8,562
  • Mar 20, 2015 2:42am Mar 20, 2015 2:42am
Quoting alexpi
{quote} At least no one's blowing up rockets or anything, as some people have done under the influence of group think Good morning to all
True, morning.
Fix up, trade sharp ...
  • #8,563
  • Edited 3:00am Mar 20, 2015 2:47am | Edited 3:00am
Omg that m15. Holds range on both UJ and GJ. Time for joint. And coffee, it is morning afterall.

Edit: Lol GBP oversell the second I go to make a coffee. Is fate.

Edit: Heeelp - GU breaking 474. Ouch move. USD king strikes back! Hey guys, when is that fofo?
"I know one thing, that I know nothing." Sokrates
  • #8,564
  • Mar 20, 2015 2:57am Mar 20, 2015 2:57am
Quoting Hickson
{quote} No idea what you mean.
He might be referring to something like this? ...

http://www.forexfactory.com/showthre...36#post8144836
Ghost Rider - WWTBMD?
  • #8,565
  • Mar 20, 2015 3:05am Mar 20, 2015 3:05am
Quoting js5020
{quote} Ok when in doubt and in the black,, close and take the coin +10 pip.
Yeah, true. But, shouldn't doubt yourself either - you'll get enough of that from others.
  • #8,566
  • Mar 20, 2015 3:08am Mar 20, 2015 3:08am
Quoting Tom_D_Trader
{quote} Noo, my intraday stops for longs are 177,93 . Please dont hit them. Otherwise watching 178,4 m15 break... for target 178,84 Am glad you watch same numbers. Nice hit on EU btw, was watching that level, but not selling USD, just waiting for load and loaded Geppys on GU + Nikkis bounce. {quote}
Lol Schick, man you are after me heavy. But I was lucky now, though bears in controll with GU below marker. Lucky UJ breaks edit: is weekly range actually.
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Click to Enlarge Name: luck.JPG Size: 78 KB
"I know one thing, that I know nothing." Sokrates
  • #8,567
  • Mar 20, 2015 3:08am Mar 20, 2015 3:08am
Quoting albchr
{quote} He might be referring to something like this? ... http://www.forexfactory.com/showthre...36#post8144836
Group think is when you believe you're right because everyone else around you is saying the same thing. It's the psychology behind the story in that thread, not so much the events.

In trading it's really a moot point that makes you seem smart and superior to others. Group think is something you can have only if you believe you're right all the time about the same thing. If you do that in trading you burn your account pretty quickly
  • #8,568
  • Mar 20, 2015 3:10am Mar 20, 2015 3:10am
Closed...
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  • #8,569
  • Mar 20, 2015 3:11am Mar 20, 2015 3:11am
Quoting albchr
{quote} He might be referring to something like this? ... http://www.forexfactory.com/showthre...36#post8144836
Yes, that's it. When I woke up this morning (about 12 hours ago) I read the posts on the Cable and UJ threads. Almost without exception, they were attempting to convince each other that the respective pairs were bullish. When someone dissented, they were offered various arguments in favour of a bullish view and over time that view became the "group think". It's an idea that people come to believe in only because others in the group have the same view.

I'm not questioning whether or not they are/were right, but it's a slightly dangerous path to follow, only in that other opinions are discounted/or no longer considered. The UJ thread in particular is well know for this.
  • #8,570
  • Mar 20, 2015 3:13am Mar 20, 2015 3:13am
I am just trying to go through the DP's I like it but I haven't had time to put heaps of work into it. Are you using it for all time frames to assist with trading or mostly looking on the M15 and lower? As I have noticed some attachments with M1 and M5 and also M15 previously.
  • #8,571
  • Mar 20, 2015 3:19am Mar 20, 2015 3:19am
Quoting Mpt
{quote} Yes, that's it. When I woke up this morning (about 12 hours ago) I read the posts on the Cable and UJ threads. Almost without exception, they were attempting to convince each other that the respective pairs were bullish. When someone dissented, they were offered various arguments in favour of a bullish view and over time that view became the "group think". It's an idea that people come to believe in only because others in the group have the same view. I'm not questioning whether or not they are/were right, but it's a slightly dangerous path...
I agree sir. It seems to come on quite rapidly as well. In my humble view, much of it depends solely on the scope of one's view. I know I'm wrong for many but for me, the wider the better. Intraday scalping will always provide opportunity both ways and that's great. However I feel it's important to keep the bigger view in mind while doing so. For me at least, it helps define risk better.
Ghost Rider - WWTBMD?
  • #8,572
  • Mar 20, 2015 3:23am Mar 20, 2015 3:23am
Soon I think we go up to fib 61.8% on 15 minute (179.10 area) and then down again..

Happy Trades
Focus only on what truly matters!
  • #8,573
  • Mar 20, 2015 3:26am Mar 20, 2015 3:26am
Well, EG hits monthly - 7248, but GU seems wanna dive. Looks like my stops are facked.
"I know one thing, that I know nothing." Sokrates
  • #8,574
  • Mar 20, 2015 3:27am Mar 20, 2015 3:27am
Quoting Ata-Turkoglu
Soon I think we go up to fib 61.8% on 15 minute (179.10 area) and then down again.. Happy Trades
Morning, but not if GU continues to drop like this ...
Fix up, trade sharp ...
  • #8,575
  • Mar 20, 2015 3:29am Mar 20, 2015 3:29am
Quoting Hickson
{quote} Morning, but not if GU continues to drop like this ...
Everything is connected with everything.. so GU will stop dropping then
Focus only on what truly matters!
  • #8,576
  • Mar 20, 2015 3:29am Mar 20, 2015 3:29am
Quoting theXfiles
Closed... {image}
  • #8,577
  • Edited 3:39am Mar 20, 2015 3:30am | Edited 3:39am
Quoting Schickeria
{quote}
Omg I kill you!

Buffet in disguise.

2 piplettes below SL, now dont you dare to reverse... now I would prefere if you hit that 177,756, so I could reload.
Edit: This must be a joke. :/
Edit: Well ok, I reload. Lower lvrg. Call it overtrading if you wish.
"I know one thing, that I know nothing." Sokrates
  • #8,578
  • Mar 20, 2015 3:56am Mar 20, 2015 3:56am
If we don't break 178.62 I'm cutting my long and waiting for a clear move up or down
  • #8,579
  • Mar 20, 2015 3:56am Mar 20, 2015 3:56am
Quoting alexpi
{quote} Group think is when you believe you're right because everyone else around you is saying the same thing. It's the psychology behind the story in that thread, not so much the events. In trading it's really a moot point that makes you seem smart and superior to others. Group think is something you can have only if you believe you're right all the time about the same thing. If you do that in trading you burn your account pretty quickly
Ghost Rider - WWTBMD?
  • #8,580
  • Mar 20, 2015 4:01am Mar 20, 2015 4:01am
Did you see that rise from 177.975?
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used to be undecided but nowadays can't make my mind up
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