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Dragon Riders GBP/JPY

  • #10,021
  • Apr 8, 2015 11:40am Apr 8, 2015 11:40am
Quoting AllyB
{quote} well crap ... hate it when I leave so many pips on a trade got a pending buy at 178.54
I've had a pending buy there all day just incase. Think I will delete it now because of the news.
  • #10,022
  • Apr 8, 2015 11:46am Apr 8, 2015 11:46am
Quoting anima999
{quote} I had a look at the RISOMA in aliens thread. I struggled to hget my head round it all but will look again.
Hes the one that turned me on to it. But, I dont mess with all the other indicators they use. I break it down to basic over 80/50 under 50/20 and watch it on the 4H.
I wont even look to get in until I have the 20 and 50 sma cross and THEN see that im over 50 on a long target. With the lower time frames it just helps me stay in a trade longer or get out faster. But more than anything else it has helped me become more of a sniper in stead of firing away with a machine gun


for example: the GJ on the 4H is screaming at me to get in. If not for the news I would have already been in hours ago.
  • #10,023
  • Apr 8, 2015 12:00pm Apr 8, 2015 12:00pm
Quoting anima999
{quote} I've had a pending buy there all day just incase. Think I will delete it now because of the news.
I thought about that also and decided to just watch and see what happens

not looking for much out of the meeting but we'll see
  • #10,024
  • Apr 8, 2015 12:08pm Apr 8, 2015 12:08pm
I've got to say I really like this thread. Always interesting to see everyone openly expressing opinions without degrading other people's views on the market/trying to come out "on top"
  • #10,025
  • Apr 8, 2015 12:17pm Apr 8, 2015 12:17pm
Quoting alexpi
I've got to say I really like this thread. Always interesting to see everyone openly expressing opinions without degrading other people's views on the market/trying to come out "on top"
  • #10,026
  • Apr 8, 2015 12:19pm Apr 8, 2015 12:19pm
Quoting anima999
{quote} I've had a pending buy there all day just incase. Think I will delete it now because of the news.
hopefully this works
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 25 KB
  • #10,027
  • Apr 8, 2015 12:46pm Apr 8, 2015 12:46pm
Quoting Vermillion
{quote} Sold the gbp/usd at 1.49400 for a quick scalp down to test 1.49000/1.48800. Manual soft SL, hard SL at 1.49800. If price breaks 1.49000, 1.4870/50 is in order as the next "main" support (with a chance of scraping 10-20pips lower), but given that we've only 3 hours before the FOMC, this will probably be my last trade before the news comes out. Maybe. Update: I take my words back from before, Dudley. No "thank you"s for you. You and US oil reserves have cost me hundreds of dollars in profit.
I took profit on my gbp/usd short at 1.49040, 36 pips in profit. It's 4 pips shy of the perfect 1.49000 I was looking for, but with the FOMC being less than 15 minute away, I don't want to risk losing the profits I had for the short. I've already been cockblocked from my hard earned profits twice this week, and I don't plan on repeating another.

Now let's see what FOMC has to say for us. I'm really worried about the eur/usd.
  • #10,028
  • Apr 8, 2015 12:48pm Apr 8, 2015 12:48pm
Quoting raiders
{quote} hopefully this works {image}
Thanks mate.
  • #10,029
  • Apr 8, 2015 1:06pm Apr 8, 2015 1:06pm
Haven't seen the news report, but I'm seeing a stop run on GBPUSD and GBPJPY (GBPUSD more so)
  • #10,030
  • Apr 8, 2015 1:08pm Apr 8, 2015 1:08pm
Quoting alexpi
Haven't seen the news report, but I'm seeing a stop run on GBPUSD and GBPJPY (GBPUSD more so)
Affirm, I got SLd for -30pips. Never mind.
  • #10,031
  • Apr 8, 2015 1:12pm Apr 8, 2015 1:12pm
I managed to get 30 pip on EU and news. Nothing of size though.
  • #10,032
  • Apr 8, 2015 1:12pm Apr 8, 2015 1:12pm
hate it when this happens

missed my pending buy by less than 1 pip (173.54)

spread was higher than anticipated due to news
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 45 KB
  • #10,033
  • Apr 8, 2015 1:17pm Apr 8, 2015 1:17pm
Will be a confirmed stop run if price goes back above 1.48834 and stays there

Edit: Cleared it and now testing a break down

Edit2: Yep, elephants took out some longs, it's looking bullish, though still on the fence
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 38 KB
  • #10,034
  • Apr 8, 2015 1:30pm Apr 8, 2015 1:30pm
Any of you paying attention to this bear flag? We might revisit the 177.90/80 area again....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 65 KB
Lost....
  • #10,035
  • Apr 8, 2015 1:30pm Apr 8, 2015 1:30pm
The impact on GJ hasn't been much.
Price currently at a DP. I'm going to give it a bit longer before committing to a position, I still favour a buy for a longer term trade but need cable to stabilise first. Checking back in about an hour.
  • #10,036
  • Apr 8, 2015 1:33pm Apr 8, 2015 1:33pm
Quoting gespiri
Any of you paying attention to this bear flag? We might revisit the 177.90/80 area again.... {image}
Possible, if the 4H candle closes around where it is now in 2.5 hours I will agree with you.
  • #10,037
  • Apr 8, 2015 1:34pm Apr 8, 2015 1:34pm
risky but i just got short AU target is at .76
  • #10,038
  • Apr 8, 2015 2:14pm Apr 8, 2015 2:14pm
Chancing a long here. SL 178.25
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 127 KB
  • #10,039
  • Apr 8, 2015 2:39pm Apr 8, 2015 2:39pm
Quoting thegmann
Chancing a long here. SL 178.25 {image}
im gonna long there
  • #10,040
  • Apr 8, 2015 3:20pm Apr 8, 2015 3:20pm
Quoting edyraper
{quote} im gonna long there
I'm chancing a small long scalp as well, but on the gbp/usd instad.

Long gbp/usd on 1.48682, Initial TP at 1.4900. Hard SL at 1.48500, manual soft SL as usual.

I think we'll see a small bounce up before coming back down (even if the next intraday trend is bearish)
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