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Dragon Riders GBP/JPY

  • #10,221
  • Apr 10, 2015 7:47am Apr 10, 2015 7:47am
Quoting Talzus
{quote} Thank you... The annoying thing mostly is my analysis was kind of right. But my entrance was WAAAAY off! haha.. I dont know what to do from here so I will just sit this out now til Monday and watch instead. Better than wasting money from fear of loss like you say. Would be great if you could plot them for me. I will learn from them. Small steps I guess, I'll get there one day. Thank you all for helping a newbie out. It was fun to read along even if I'm not fully understanding what's going on. FX-Ray, you seem like a hero! I've enjoyed...
Admitting you have a problem is the first step in fixing the problem.

"The annoying thing mostly is my analysis was kind of right. But my entrance was WAAAAY off! haha.. " - Thats the problem, you cant wait and you have FOMO
  • #10,222
  • Apr 10, 2015 7:51am Apr 10, 2015 7:51am
@AllyB

Really feel uncomfortable if you are that quiet...
Anyway, you got that G/U short @ 1.4700 and U/J @ 120.75?
  • #10,223
  • Apr 10, 2015 7:57am Apr 10, 2015 7:57am
late buyers, time for some bailing out
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  • #10,224
  • Apr 10, 2015 8:00am Apr 10, 2015 8:00am
Cmon everyone cover your shorts you can do it
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  • #10,225
  • Apr 10, 2015 8:01am Apr 10, 2015 8:01am
Quoting thegmann
Cmon everyone cover your shorts you can do it
I probably gonna cover above 176.00, just wanna let her some room to breath/scorch
  • #10,226
  • Apr 10, 2015 8:05am Apr 10, 2015 8:05am
Quoting FX-Ray
{quote} Admitting you have a problem is the first step in fixing the problem. "The annoying thing mostly is my analysis was kind of right. But my entrance was WAAAAY off! haha.. " - Thats the problem, you cant wait and you have FOMO

Indeed! Luckily for me Ray, I was so far out with my sell order that it never triggered! So no harm done. But yes, frustrated never the less. I thought I was being smart and letting the price action confirm my drop in price. Inexperience showed through though.

Guess we all learn from mistakes. I just need to not be angry and move on

ADD: speaking of which, my sell order is at 175.500 - what should I do, close the order so it doesnt trigger? or leave it there if it carries on a fall? it will expire at 16:50pm BST anyway..

Thoughts?
  • #10,227
  • Apr 10, 2015 8:06am Apr 10, 2015 8:06am
Quoting FX-Ray
{quote} I probably gonna cover above 176.00, just wanna let her some room to breath/scorch
we may still get 175.6
  • #10,228
  • Apr 10, 2015 8:08am Apr 10, 2015 8:08am
Quoting Talzus
{quote} Indeed! Luckily for me Ray, I was so far out with my sell order that it never triggered! So no harm done. But yes, frustrated never the less. I thought I was being smart and letting the price action confirm my drop in price. Inexperience showed through though. Guess we all learn from mistakes. I just need to not be angry and move on
yeah
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  • #10,229
  • Apr 10, 2015 8:10am Apr 10, 2015 8:10am
Quoting thegmann
{quote} we may still get 175.6
Yeah its weak, thats also all I see atm, you know we could all call the bottom at that DP but that doesnt look right now, seems there are still interested sellers.

Anyway, those late buyers are bailing out, lets hope they traded decent size to push it down further. We also got DP 175.00/4.90, since most of us are in deep profit, waiting should be a bad idea right now.

Above 176.00 it may a different story but for now thats all thats there.
  • #10,230
  • Apr 10, 2015 8:14am Apr 10, 2015 8:14am
[quote=FX-Ray;8197585]@AllyB Really feel uncomfortable if you are that quiet... Anyway, you got that G/U short @ 1.4700 and U/J @ 120.75?[/quot


hey sunshine had some dental work yesterday so yea on the quiet side

good pain killers though LOL
  • #10,231
  • Apr 10, 2015 8:14am Apr 10, 2015 8:14am
Quoting FX-Ray
{quote} Yeah its weak, thats also all I see atm, you know we could all call the bottom at that DP but that doesnt look right now, seems there are still interested sellers. Anyway, those late buyers are bailing out, lets hope they traded decent size to push it down further. We also got DP 175.00/4.90, since most of us are in deep profit, waiting should be a bad idea right now. Above 176.00 it may a different story but for now thats all thats there.
My charts see a possible scraping of 176.00 (not a clear penetration) before dropping further, if that happens.
  • #10,232
  • Apr 10, 2015 8:15am Apr 10, 2015 8:15am
cool stab to the downside, but 175.49 is the line for elliott wavers out there....I got a buy at .80 xactly
  • #10,233
  • Apr 10, 2015 8:16am Apr 10, 2015 8:16am
Quoting FX-Ray
{quote} Yeah its weak, thats also all I see atm, you know we could all call the bottom at that DP but that doesnt look right now, seems there are still interested sellers. Anyway, those late buyers are bailing out, lets hope they traded decent size to push it down further. We also got DP 175.00/4.90, since most of us are in deep profit, waiting should be a bad idea right now. Above 176.00 it may a different story but for now thats all thats there.
I guess this is the range for today, the price will probably be ranging inside that H/L
  • #10,234
  • Apr 10, 2015 8:18am Apr 10, 2015 8:18am
Quoting shiva
{quote} I guess this is the range for today, the price will probably be ranging inside that H/L
True shiva, its likely, I just let myself some free room until 176.00 to let the surprise play out, if there is any.
  • #10,235
  • Apr 10, 2015 8:19am Apr 10, 2015 8:19am
Im short on G/J and G/U but only recently,
Is it worth pulling out now as I'm too late or hold?.. Uncertain about my situation
  • #10,236
  • Apr 10, 2015 8:20am Apr 10, 2015 8:20am
Quoting Gbp/jpy
cool stab to the downside, but 175.49 is the line for elliott wavers out there....
It'll touch MM always push it down a wee bit before the pop. You'll know when the big orders get filled
  • #10,237
  • Apr 10, 2015 8:20am Apr 10, 2015 8:20am
Hi Ally, Hope you are alright
  • #10,238
  • Apr 10, 2015 8:23am Apr 10, 2015 8:23am
Quoting FX-Ray
Hi Ally, Hope you are alright
oh yea

mighty fine here

we going down here?
  • #10,239
  • Apr 10, 2015 8:25am Apr 10, 2015 8:25am
Quoting FX-Ray
{quote} True shiva, its likely, I just let myself some free room until 176.00 to let the surprise play out, if there is any.
Ray, of course. To me today's surprise was market's lack of attention to Lackers of FOMC, who said "June is still like for a rate hike"
  • #10,240
  • Apr 10, 2015 8:26am Apr 10, 2015 8:26am
Took profit on my GU shorts at 1.46254. Just reloaded again at 1.46400, hard SL at 1.46700. my finger's getting itchy on the mouse.
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