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Dragon Riders GBP/JPY

  • #9,581
  • Mar 30, 2015 9:13am Mar 30, 2015 9:13am
Quoting alexpi
{quote} Yes, I rushed that one, very bad-discipline moment. Should have waited for pullback to 1.084 at least. Still in the trade since my SL was below 1.082 but that cost too much mentally ...
Waiting is the most single important thing in trading.

  1. "It is not necessary for all men to be great in action. The greatest and sublimest power is often simple patience." Horace Bushnell

Horace Bushnell

  • #9,582
  • Mar 30, 2015 9:15am Mar 30, 2015 9:15am
Quoting FX-Ray
{quote} What about this time?
No, Just got stopped out GJ at BE. Shame...it was +40 at one point.
  • #9,583
  • Mar 30, 2015 9:15am Mar 30, 2015 9:15am
Quoting FX-Ray
{quote} Waiting is the most single important thing in trading. "It is not necessary for all men to be great in action. The greatest and sublimest power is often simple patience." Horace Bushnell Horace Bushnell
one last nooob question though Ray. Do you think EUR and GBP will make a pull back at london close or tmr ?
  • #9,584
  • Mar 30, 2015 9:17am Mar 30, 2015 9:17am
Quoting FX-Ray
{quote} Waiting is the most single important thing in trading. "It is not necessary for all men to be great in action. The greatest and sublimest power is often simple patience." Horace Bushnell Horace Bushnell
Absolute truth, I still get overeager now and then

Funny how greed is the main cause of loss of economic and mental capital
  • #9,585
  • Mar 30, 2015 9:20am Mar 30, 2015 9:20am
Quoting anima999
{quote} No, Just got stopped out GJ at BE. Shame...it was +40 at one point.
my exit
Attached Image (click to enlarge)
Click to Enlarge Name: exit.png Size: 32 KB
  • #9,586
  • Mar 30, 2015 9:24am Mar 30, 2015 9:24am
Quoting alexpi
{quote} Absolute truth, I still get overeager now and then Funny how greed is the main cause of loss of economic and mental capital
If you understand there is no point trading inbetween, it wont be hard for you to wait anymore, it just gets boring
  • #9,587
  • Mar 30, 2015 9:25am Mar 30, 2015 9:25am
Quoting FX-Ray
{quote} my exit {image}
Cheers,
What do you mean "able to print 60 which is negative for my long at 20"? Are you still in looking to exit at the next 60 because thats all that was printed last time?
  • #9,588
  • Mar 30, 2015 9:28am Mar 30, 2015 9:28am
Quoting anima999
{quote} Cheers, What do you mean "able to print 60 which is negative for my long at 20"? Are you still in looking to exit at the next 60 because thats all that was printed last time?

Its 55, typo, sorry. I just mean stick on facts. If its unable to print 65 but able to print 55, whats could that indicates?

Add(1): Same with my second long, Im just about to close it @ 50ish.
Add(2): Unable to print 60, able to print 45, exit at 50ish(Set as TP).
  • #9,589
  • Mar 30, 2015 9:34am Mar 30, 2015 9:34am
dustbins are ugly today so won't even post levels

GU should go up from it's current level here
  • #9,590
  • Mar 30, 2015 9:35am Mar 30, 2015 9:35am
Quoting FX-Ray
{quote} Its 55, typo, sorry. I just mean stick on facts. If its unable to print 65 but able to print 55, whats could that indicates? Add(1): Same with my second long, Im just about to close it @ 50ish. Add(2): Unable to print 60, able to print 45, exit at 50ish(Set as TP).
I'm tempted with a short GJ. Also ranging. PA looks like it might be peeking around .69x
  • #9,591
  • Mar 30, 2015 9:35am Mar 30, 2015 9:35am
Quoting AllyB
dustbins are ugly today so won't even post levels GU should go up from it's current level here
there was a great short @ 1.4880
  • #9,592
  • Mar 30, 2015 9:36am Mar 30, 2015 9:36am
Quoting anima999
{quote} I'm tempted with a short GJ. Also ranging. PA looks like it might be peeking around .69x
I dont trade 1/4; I just wait for now and still got 1,5h to go I wait for 1/2 or DP.
  • #9,593
  • Mar 30, 2015 9:37am Mar 30, 2015 9:37am
Quoting FX-Ray
{quote} Its 55, typo, sorry. I just mean stick on facts. If its unable to print 65 but able to print 55, whats could that indicates? Add(1): Same with my second long, Im just about to close it @ 50ish. Add(2): Unable to print 60, able to print 45, exit at 50ish(Set as TP).
Exit @ 50ish, anima999.

Add: Trade (1) = ~40Pips; Trade (2) = ~25Pips; +65
  • #9,594
  • Mar 30, 2015 9:41am Mar 30, 2015 9:41am
Quoting FX-Ray
{quote} Exit @ 50ish, anima999.
Nice. I will take your advice about waiting for a half DP...I was hoping to position for a longer 2/3 day trade today but didn't work out.

Your scalp exits are making sense. Are you looking to enter long again and exit at ~50 or do you go short when you close your long?
If it gets as low as 30 i may try a scalp with a TP at ~50.
Attached Image
  • #9,595
  • Mar 30, 2015 9:45am Mar 30, 2015 9:45am
Quoting FX-Ray
{quote} there was a great short @ 1.4880
your right
  • #9,596
  • Mar 30, 2015 9:54am Mar 30, 2015 9:54am
Tax refund came in today. Best way to learn to trade is with money you can "technically" get back again lol. Wasn't much but for a poor college student it was welcomed.

Got in long before at 176.9 holding until 177.95 where have pending short with SL above 177.2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
  • #9,597
  • Mar 30, 2015 9:59am Mar 30, 2015 9:59am
Quoting anima999
{quote} Nice. I will take your advice about waiting for a half DP...I was hoping to position for a longer 2/3 day trade today but didn't work out. Your scalp exits are making sense. Are you looking to enter long again and exit at ~50 or do you go short when you close your long? If it gets as low as 30 i may try a scalp with a TP at ~50. {image}
The only things I can control are my risk and my entry. Outcome is random. So saying I just take ~50Pips doesnt make sense. Adapt.
  • #9,598
  • Mar 30, 2015 9:59am Mar 30, 2015 9:59am
Quoting AllyB
{quote} your right
You know what I mean now?
  • #9,599
  • Mar 30, 2015 10:04am Mar 30, 2015 10:04am
Quoting FX-Ray
{quote} The only things I can control are my risk and my entry. Outcome is random. So saying I just take ~50Pips doesnt make sense. Adapt.
I meant exit when price is at .xx50 ish because of the logic you were using in your example. ie. it printed .xx50 last time so may print it again.

Did you get in long at ~.xx27ish? Price whent their twice and rejected twice; similiar to the range turning points I circled in my last screenshot.
  • #9,600
  • Mar 30, 2015 10:05am Mar 30, 2015 10:05am
Quoting FX-Ray
{quote} You know what I mean now?
lol yea

GU is a fine example
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