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Dragon Riders GBP/JPY

  • #9,861
  • Apr 2, 2015 6:23pm Apr 2, 2015 6:23pm
Quoting alexpi
{quote} Sorry for correcting Alien, but did you mean monthly? Edit: Ohhh I see, drawn on the prior two bottoms. Coincides with 3M uptrend so I thought you meant to say that
You got it !

AU Daily
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The More You Learn, The More You Earn.....
  • #9,862
  • Apr 2, 2015 6:37pm Apr 2, 2015 6:37pm
Quoting Mpt
Completed rising wedge 2nd retest underside. Although can still break in A fade from here should restart the down trend.
I see the lowest level at a possible retesting of the February 3rd low in the 175.50 area, if it even hits that. After the NFP there will be the beginning of a new bullish channel. The top will surpass the 185 apex of February 26.
Be humble or be humbled.
  • #9,863
  • Apr 2, 2015 6:42pm Apr 2, 2015 6:42pm
Quoting alexpi
No banter today Ori and the blind forest's soundtrack will lift some spirits hopefully https://www.youtube.com/watch?v=MkzeOmkOUHM
Great stuff alexpi .......
The More You Learn, The More You Earn.....
  • #9,864
  • Apr 2, 2015 6:47pm Apr 2, 2015 6:47pm
Quoting FX-Ray
{quote} I see, the art is to avoid that "fuck-ups"
Nice ............ Trading is an Art to Not FU...............LOL

Once you have that under control you will be alright as a trader.............LOL
The More You Learn, The More You Earn.....
  • #9,865
  • Apr 2, 2015 6:57pm Apr 2, 2015 6:57pm
going to get out of my AJ short soon. dont want to be holding anything going into the news. will get back in at some point
  • #9,866
  • Apr 2, 2015 7:03pm Apr 2, 2015 7:03pm
Quoting forexalien
{quote} Nice ............ Trading is an Art to Not FU...............LOL Once you have that under control you will be alright as a trader.............LOL
Yeeeees, Alien. To f*** up or to not f*** up; that is the question.Evidently, I seem to be somewhere in between the two for this week considering that I've spent half the week unable to take profit and the other half going wild by just trading the plain price action I see for the week.

And on that note, the short I have from 177.438 is still alive. I managed to hedge a position for longs at just 1 pip above that and sold it at 177.617, so I didn't waste time after all. It's times like these that hedging turns out to be actually useful, and not something that seems as ridiculous as it may seem on first sight.

Lesson of the day: Hedging works.

Second Lesson of the day: Scalping in whole lot increments are hilarious. In a good way. As long as you still win a majority of your trades, it actually works in a constrained market like this one, where we can't seem to push out of the range.
  • #9,867
  • Apr 2, 2015 10:54pm Apr 2, 2015 10:54pm
anyone get the feeling some crap's going down today.....?....he he
  • #9,868
  • Apr 3, 2015 12:14am Apr 3, 2015 12:14am
Quoting Gbp/jpy
{quote} Roger that pic.....I'm holding long.....sitting on 65 pips, I'll give them all back except three!!
Wonder if we'll see another pump from 1/4 before finishing the week (hope to be done prior to NFP, I'm not trading through that)

Good morning
  • #9,869
  • Apr 3, 2015 12:23am Apr 3, 2015 12:23am
Quoting alexpi
Have a pleasant day everyone, I'm leaving my trades to the winds of geppy and heading out.
Price stopped 2 pips from my second TP Not particularly important, the market will keep moving, opportunities will keep coming
  • #9,870
  • Apr 3, 2015 12:30am Apr 3, 2015 12:30am
sell the aussie with a 7 pip sl......it's backed up to a fence....
  • #9,871
  • Edited 2:19am Apr 3, 2015 12:49am | Edited 2:19am
Quoting Gbp/jpy
sell the aussie with a 7 pip sl......it's backed up to a fence....
Take care, strong reaction to 3M uptrend is happening (don't have 3M on my broker to show it better so attaching a monthly chart)

Granted, taken with a grain of salt since I've got a long .758

Edit: Decided to take +15 and get out of this trade. Going to wait for NFP and look for opportunities to long from Monday/Tuesday onward, will do if a good one appears
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  • #9,872
  • Apr 3, 2015 5:06am Apr 3, 2015 5:06am
Quoting Mpt
Completed rising wedge 2nd retest underside. Although can still break in A fade from here should restart the down trend.

Although no major fade means a nasty correction that drags out for several more days and gets more horrible.
  • #9,873
  • Apr 3, 2015 6:51am Apr 3, 2015 6:51am
Quoting Gbp/jpy
anyone get the feeling some crap's going down today.....?....he he
The tease has just started.............
The More You Learn, The More You Earn.....
  • #9,874
  • Apr 3, 2015 6:58am Apr 3, 2015 6:58am
Quoting forexalien
{quote} The tease has just started.............
Indeed it has, I'll be watching only, best of luck to those trading!
  • #9,875
  • Apr 3, 2015 7:08am Apr 3, 2015 7:08am
Quoting forexalien
{quote} The tease has just started.............
morning

being a holiday for many on NFP ... could be a tease or LOL

should find out in less than 1/2 hour
  • #9,876
  • Edited 7:56am Apr 3, 2015 7:25am | Edited 7:56am
Afternoon team,

Looking to scalp cable over NFP, tends to be less whipsaw than GJ although there has been some big moves already.

EDIT
Got a few in .4200 seems to be holding.

EDIT
All done, have a nice weekend.
  • #9,877
  • Apr 3, 2015 7:31am Apr 3, 2015 7:31am
Wow, that forecast miss
  • #9,878
  • Apr 3, 2015 8:28am Apr 3, 2015 8:28am
we will see 176.2-177.5 now it had to get tested there was no way it wouldnt.
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  • #9,879
  • Apr 3, 2015 8:30am Apr 3, 2015 8:30am
Please don't resume the dirty downtrend.
Be humble or be humbled.
  • #9,880
  • Apr 3, 2015 8:33am Apr 3, 2015 8:33am
waiting for this little zone to get hit on EU
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