Dragon Riders GBP/JPY | Page 505 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Enter The Dragon - GBP/JPY 2 replies

Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Attachments: Dragon Riders GBP/JPY
Exit Attachments

Dragon Riders GBP/JPY

  • #10,081
  • Apr 9, 2015 3:11am Apr 9, 2015 3:11am
Quoting raiders
just exited both trades for a very nice and quick 80 and 97 pips. fuck the news im gonna have a drink and try to sleep. prob put a small sell stop out there if theres small pullback on the GN to try and catch what I believe might be left short in it
Nicely executed. Good to know that there's some of us here whom the market makers can't catch us with our pants down in our quest for profit.

Out of curiosity, what drink will you be having? As much as I'd love to go to my friend's bar, I'm still stuck waiting for 1.47500 to be printed, so I'm currently just holding a corona.
  • #10,082
  • Apr 9, 2015 3:11am Apr 9, 2015 3:11am
Quoting alexpi
{quote} I wouldn't say so. The optimal target for the short is 175.8, if it flips here we're in a good place to long GBPUSD will correlate, so two nice opportunities are open here, both ways Edit: Just remember - It's always easier to enter a losing trade. Edit2: I'm itching to buy
I'm waiting to for long, the RR on a short makes it not worth it. GJ is approaching the prior low at 177.7. I only trade one pair at a time so only watching cable.
  • #10,083
  • Apr 9, 2015 3:17am Apr 9, 2015 3:17am
Quoting Vermillion
{quote} Nicely executed. Good to know that there's some of us here whom the market makers can't catch us with our pants down in our quest for profit. Out of curiosity, what drink will you be having? As much as I'd love to go to my friend's bar, I'm still stuck waiting for 1.47500 to be printed, so I'm currently just holding a corona.
I have a lovely bourbon that im going sip. if it wasnt so cold out, id break out a cuban ive been saving. im in la so anything below 70 and i put on sweaters its currently about 54 and im cold as fuck
  • #10,084
  • Apr 9, 2015 3:20am Apr 9, 2015 3:20am
Quoting raiders
{quote} I have a lovely bourbon that im going sip. if it wasnt so cold out, id break out a cuban ive been saving. im in la so anything below 70 and i put on sweaters its currently about 54 and im cold as fuck
I'm in the UK. The sun is out and everyone is wearing shorts.....its about 15deg C. In the summer we consider it a heat wave if it gets to 28deg C
  • #10,085
  • Apr 9, 2015 3:23am Apr 9, 2015 3:23am
I'm looking at the market with

Inserted Video


at the moment
  • #10,086
  • Apr 9, 2015 3:24am Apr 9, 2015 3:24am
Quoting raiders
{quote} I have a lovely bourbon that im going sip. if it wasnt so cold out, id break out a cuban ive been saving. im in la so anything below 70 and i put on sweaters its currently about 54 and im cold as fuck
Yankee (New Yorker) here.

I go out in a plain t-shirt for any weather above 55 degrees fahrenheit. I don't think I wear a jacket unless is below 40, and sweaters only come on when it's below zero. It's like 42 degrees right now, which normally wouldn't be a problem, but it's raining.

I. hate. rain.

Rain always makes you feel more depressed, and has a tendency to be accompanied by bad weather, which once again affects markets. Blargh.
  • #10,087
  • Apr 9, 2015 3:25am Apr 9, 2015 3:25am
Price currenlty at a DP and the negative PA seems to be running out on GJ. Any cable experts seeing the same on GU?
  • #10,088
  • Apr 9, 2015 3:29am Apr 9, 2015 3:29am
Quoting anima999
Price currenlty at a DP and the negative PA seems to be running out on GJ. Any cable experts seeing the same on GU?
It depends on the strength of the pound sterling. If gbp/usd dips below 1.47700, then we have 1.47500 and 1.47200/00 as the next supports. I really don't think we can get lower than this prior to any major news.

Update: Lower than expected trade balance for the u.K. we've a higher chance of hitting the optimal TP zone of 1.47500.
  • #10,089
  • Apr 9, 2015 3:32am Apr 9, 2015 3:32am
We are here at the moment....

If this gets taken out (177.49), then we're looking at 175.5. Otherwise, I'm still hoping we reach 179.90
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 68 KB
Lost....
  • #10,090
  • Apr 9, 2015 3:34am Apr 9, 2015 3:34am
I'm taking some tight longs

Edit: If this DP goes positive we're looking at great moves up
  • #10,091
  • Apr 9, 2015 3:35am Apr 9, 2015 3:35am
Quoting Vermillion
{quote} Yankee (New Yorker) here. I go out in a plain t-shirt for any weather above 55 degrees fahrenheit. I don't think I wear a jacket unless is below 40, and sweaters only come on when it's below zero. It's like 42 degrees right now, which normally wouldn't be a problem, but it's raining. I. hate. rain. Rain always makes you feel more depressed, and has a tendency to be accompanied by bad weather, which once again affects markets. Blargh.
I have some family out there. port washington. i love the rain.but i think its because i never see any
  • #10,092
  • Apr 9, 2015 3:39am Apr 9, 2015 3:39am
Quoting raiders
{quote} I have some family out there. port washington. i love the rain.but i think its because i never see any
Don't. you're better without the rain. The sticky, unpleasant sensation as each raindrop seeps through your skin. The sight rain turning your surroundings into an endless array of bleak, monotonous monochrome.

*shivers*
  • #10,093
  • Apr 9, 2015 3:42am Apr 9, 2015 3:42am
Quoting Vermillion
{quote} Don't. you're better without the rain. The sticky, unpleasant sensation as each raindrop seeps through your skin. The sight rain turning your surroundings into an endless array of bleak, monotonous monochrome. *shivers*
i hear ya. buddy i grew uo with lives out in portland and the dude gets emo for about 7 months out of the year lol
im trying to convince the gf to move east though. cant stand the ca taxes. im shooting for miami but shes talking nyc. hopefully i win that one. boat life
  • #10,094
  • Apr 9, 2015 3:44am Apr 9, 2015 3:44am
So guys, what do you think - is this a stop run prior to a leaked hawkish Rate statement or is it the reaction to a leak of dovish statement?

Leak's almost definitely happened somewhere along the line, wouldn't trust BoE with my laundry
  • #10,095
  • Apr 9, 2015 3:48am Apr 9, 2015 3:48am
^beats me. i did not expect this major move this early. i was hoping to be up about 30-40 pips before the news. thats why im not holding anything anymore. i dont like to be in anything when i dont know whats going on
  • #10,096
  • Apr 9, 2015 3:49am Apr 9, 2015 3:49am
Quoting raiders
{quote} i hear ya. buddy i grew uo with lives out in portland and the dude gets emo for about 7 months out of the year lol im trying to convince the gf to move east though. cant stand the ca taxes. im shooting for miami but shes talking nyc. hopefully i win that one. boat life
If you go to NYC, get ready for weird weather and high taxes. We kept having SNOWSTORMS in March of 2015. Snow itself isn't that uncommon in early spring, but snowstorms.....no. Just no. I'm also still trying to figure out how to get around certain NY tax filings and restrictions about online gambling. NY has a lot of annoying laws.

And before someone asks, no-what I'm trying to do is NOT tax evasion. It's called tax avoidance. The former utilizes illegal means to avoid paying taxes, whereas the latter utilizes legal loopholes to avoid paying part of your taxes.
  • #10,097
  • Apr 9, 2015 3:55am Apr 9, 2015 3:55am
Quoting Vermillion
{quote} If you go to NYC, get ready for weird weather and high taxes. We kept having SNOWSTORMS in March of 2015. Snow itself isn't that uncommon in early spring, but snowstorms.....no. Just no. I'm also still trying to figure out how to get around certain NY tax filings and restrictions about online gambling. NY has a lot of annoying laws. And before someone asks, no-what I'm trying to do is NOT tax evasion. It's called tax avoidance. The former utilizes illegal means to avoid paying taxes, whereas the latter utilizes legal loopholes to avoid paying...
ive actually been interviewing new cpas recently. 1 dude told me that I would actually be better off in ny than in ca. i was shocked because i know that the city has a different tax than say the burbs. but anything is better than ca. this state is run by buffoons.
  • #10,098
  • Apr 9, 2015 3:58am Apr 9, 2015 3:58am
Quoting Vermillion
{quote} If you go to NYC, get ready for weird weather and high taxes. We kept having SNOWSTORMS in March of 2015. Snow itself isn't that uncommon in early spring, but snowstorms.....no. Just no. I'm also still trying to figure out how to get around certain NY tax filings and restrictions about online gambling. NY has a lot of annoying laws. And before someone asks, no-what I'm trying to do is NOT tax evasion. It's called tax avoidance. The former utilizes illegal means to avoid paying taxes, whereas the latter utilizes legal loopholes to avoid paying...
I won't judge you, duck and dive all you can.
Here in the UK I pay 40% income tax. This is why I spread bet as opposed to FX trade/CFDs. Spread bets are tax free.
  • #10,099
  • Apr 9, 2015 4:00am Apr 9, 2015 4:00am
Quoting anima999
{quote} I won't judge you, duck and dive all you can. Here in the UK I pay 40% income tax. This is why I spread bet as opposed to FX trade/CFDs. Spread bets are tax free.
Weren't there some disadvantages to spread betting? What was the difference? skipped my mind....
  • #10,100
  • Apr 9, 2015 4:05am Apr 9, 2015 4:05am
Quoting alexpi
{quote} Weren't there some disadvantages to spread betting? What was the difference? skipped my mind....
Spread betting sounds dirty.

Generally I see slightly higher spreads and poorer customer service than FX traders. I can only use brokers web platforms which are generally junk (I have a demo MT4 for charting).
I prefer it in some ways (tax asside). You don't use 'lots' for SB, I just place a "Buy @ £0.50 per pip on GBP/USD" - price goes up by 10 pips I get £5 - very simple; no tax, no commision, no confusing lot size conversions.
15 traders viewing now