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Dragon Riders GBP/JPY

  • #10,541
  • Apr 17, 2015 11:55am Apr 17, 2015 11:55am
BTW guys, EA long if you want to take a look. 1.425 is what im shooting for. Maybe it gets there maybe it doesnt. I think it will depend on GU
  • #10,542
  • Apr 17, 2015 11:55am Apr 17, 2015 11:55am
Quoting raiders
{quote} Man, im not gonna lie, I was worried about you last night
Haha, thanks Raiders. It was a crappy short entry but in some profit now.
Be humble or be humbled.
  • #10,543
  • Apr 17, 2015 11:56am Apr 17, 2015 11:56am
Quoting raiders
BTW guys, EA long if you want to take a look. 1.425 is what im shooting for. Maybe it gets there maybe it doesnt. I think it will depend on GU
yes, I have taken a look at EA to short a new swing at it seems like you are good with that target for a running long.
Fix up, trade sharp ...
  • #10,544
  • Apr 17, 2015 11:57am Apr 17, 2015 11:57am
Quoting raiders
BTW guys, EA long if you want to take a look. 1.425 is what im shooting for. Maybe it gets there maybe it doesnt. I think it will depend on GU
Euro/Aussie right? My GF is in that now, kinda bogged down with an entry of 1.3974. Hope for her sake it does get there.
Be humble or be humbled.
  • #10,545
  • Apr 17, 2015 12:17pm Apr 17, 2015 12:17pm
yup. not the best entry but i got in at the break of 1.386. wanted to make sure i had solid support behind me. seems solid as it has already bounced off once
  • #10,546
  • Apr 17, 2015 12:18pm Apr 17, 2015 12:18pm
Quoting Temujin
{quote} Haha, thanks Raiders. It was a crappy short entry but in some profit now.
i liked the short entry. i was in the same trade for a few min remember lol
  • #10,547
  • Apr 17, 2015 12:22pm Apr 17, 2015 12:22pm

  1. From Fx-Ray's profile: [This does indeed work. His character is noble. I didn't know he is in Germany.]
  2. Trading Philosophy: Waiting
  3. Favorite Trading Quote: "It is not necessary for all men to be great in action. The greatest and sublimest power is often simple patience." — Horace Bushnell

  • #10,548
  • Apr 17, 2015 1:45pm Apr 17, 2015 1:45pm
Quoting Temujin
{quote} After a 70 pip draw from a sell @ 177.83 I now have 10 pips. A new style trader blazing his own path on the dragon trail. Risk to reward ratio baby yeah!
Story of my life, man.

Shorted @ 177.60, stopped out at 178.65...now look where she's at. Difficult not to feel discouraged when that happens. Almost want it to keep going north so I can say, "at least I was completely wrong."
  • #10,549
  • Apr 17, 2015 2:22pm Apr 17, 2015 2:22pm
stuck in a 20 pip range. But trying to stay above 177.8

If I was comfortable holding over the weekend, I think a long bias next week. Should attack 181...

Of course I could be wrong. But this looks like the bottom to me. Strong bounce off of a key level this week...

Guess we'll see...
  • #10,550
  • Apr 17, 2015 2:27pm Apr 17, 2015 2:27pm
could we see the breakout today?? I can only hope
  • #10,551
  • Apr 17, 2015 2:35pm Apr 17, 2015 2:35pm
next hurdle 177.95
  • #10,552
  • Apr 17, 2015 2:37pm Apr 17, 2015 2:37pm
177.87
177.83
should offer support if it pulls back...
  • #10,553
  • Apr 17, 2015 2:41pm Apr 17, 2015 2:41pm
short-term support
177.95
177.87
177.83
  • #10,554
  • Apr 17, 2015 2:41pm Apr 17, 2015 2:41pm
targeting 178.12

edit: Will need some strong momentum, or may run out of time today, ha ha
  • #10,555
  • Apr 17, 2015 2:57pm Apr 17, 2015 2:57pm
177.82 needs to hold, or maybe down from here...
  • #10,556
  • Apr 17, 2015 3:13pm Apr 17, 2015 3:13pm
took out half my position in EA. Not trying to hold much going into this weekend. Theres news.....
  • #10,557
  • Apr 17, 2015 3:24pm Apr 17, 2015 3:24pm
Quoting raiders
took out half my position in EA. Not trying to hold much going into this weekend. Theres news.....
Yes, and this time more than a confetti girl might be needed to save EU from a Draghi spike
Fix up, trade sharp ...
  • #10,558
  • Apr 18, 2015 1:11pm Apr 18, 2015 1:11pm
Quoting Tsudo
{quote} Story of my life, man. Shorted @ 177.60, stopped out at 178.65...now look where she's at. Difficult not to feel discouraged when that happens. Almost want it to keep going north so I can say, "at least I was completely wrong."
Scalping this pair is possible and profitable but I'd like to profit now on those 300-400 pip moves so the H4 and daily suit me more now. Just have to keep the SL loose and note general direction, market risk appetite and see what bank traders are doing leading up to APR 30 when all the Japanese data comes out. I see a lot more range bound wrangling before another bullish channel is ready to roll. UK elections will cause volatility to incease and it's usually associated with down moves.
Be humble or be humbled.
  • #10,559
  • Apr 18, 2015 2:38pm Apr 18, 2015 2:38pm
Quoting Temujin
{quote} Scalping this pair is possible and profitable but I'd like to profit now on those 300-400 pip moves so the H4 and daily suit me more now. Just have to keep the SL loose and note general direction, market risk appetite and see what bank traders are doing leading up to APR 30 when all the Japanese data comes out. I see a lot more range bound wrangling before another bullish channel is ready to roll. UK elections will cause volatility to incease and it's usually associated with down moves.
This pair moves about 100 pips a day. I like to run it daily when I feel like I'm on the right direction. Usually I use harmonics to find my target price. But if nothing is showing for me. Then I go with the flow. In any case I usually run about 30-40 pip sl. With that ratio I can shoot 50% at worst and still be up on it. Also I only like to get into my position around 1030-1045 pacific time because it's a dull market till that time. And that's the worst time to try and ride the dragon. When he wakes he will eat you alive if you're on the wrong side
  • #10,560
  • Apr 18, 2015 2:51pm Apr 18, 2015 2:51pm
Quoting raiders
{quote} This pair moves about 100 pips a day. I like to run it daily when I feel like I'm on the right direction. Usually I use harmonics to find my target price. But if nothing is showing for me. Then I go with the flow. In any case I usually run about 30-40 pip sl. With that ratio I can shoot 50% at worst and still be up on it. Also I only like to get into my position around 1030-1045 pacific time because it's a dull market till that time. And that's the worst time to try and ride the dragon. When he wakes he will eat you alive if you're on the...
hail yes.....good post there....makes me think of a new strategy.....

the teotwawki system.....crap hittin the fan in a couple of months, gbp/jpy is a the meter for a global mess, and it just started making this awful beeping sound....and it won't shut off.
look , there's a yellow diamond up there....is that for 800 posts?
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