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Dragon Riders GBP/JPY

  • #10,881
  • May 7, 2015 10:19am May 7, 2015 10:19am
Quoting AllyB
{quote} he is a excel genius ... took him 3 years to produce those DP's
i think there is more
excel just vehicle?
im more interested behind math
he posted once about
http://www.forexfactory.com/showthre...73#post8080373
its far beyond me like wtf
0 fcks given
  • #10,882
  • May 7, 2015 10:36am May 7, 2015 10:36am
Quoting r4nd0m
{quote} i think there is more excel just vehicle? im more interested behind math he posted once about http://www.forexfactory.com/showthre...73#post8080373 its far beyond me like wtf


excel is just the tool
the real work was the math behind the algo
its a formula
  • #10,883
  • May 7, 2015 10:40am May 7, 2015 10:40am
Quoting AllyB
{quote} excel is just the tool the real work was the math behind the algo its a formula
i thought so
this dude is a fckin genius
mind boggelin he shares it
fearless
but why?
0 fcks given
  • #10,884
  • May 7, 2015 11:35am May 7, 2015 11:35am
Quoting r4nd0m
{quote} i thought so this dude is a fckin genius mind boggelin he shares it fearless but why?


look when you start trading, you look for an edge, if you have that edge you are afraid to give it back to the market, now I give my "edge" away to find out if I have some fundamental truth or just another edge
I think thats the difference between us
I think im one step further
I'm not afraid anymore
its fear

his explanation of why he shares
  • #10,885
  • May 7, 2015 12:08pm May 7, 2015 12:08pm
Quoting AllyB
{quote} look when you start trading, you look for an edge, if you have that edge you are afraid to give it back to the market, now I give my "edge" away to find out if I have some fundamental truth or just another edge I think thats the difference between us I think im one step further I'm not afraid anymore its fear his explanation of why he shares
wow...
he told you that?
looks like he found some truth
mind boggling
need to think about that
out for now
0 fcks given
  • #10,886
  • May 7, 2015 12:12pm May 7, 2015 12:12pm
Great people know that there is no reason not to share. In the end every strategy works, if you can apply it even 70% of the time. You can succeed or fail using his DPs just as you would succeed/fail when using a simple 5m/15m/4h sma cross + support/resistance strategy or a supply and demand strategy or anything else

In the end it's the mindset that matters. I think the book he has shared on his profile is just as valuable, if not more valuable, than the dps because it gives you a better idea of how to behave on the market which is much more important than the trades you take
  • #10,887
  • May 7, 2015 12:15pm May 7, 2015 12:15pm
yes, that 181.00 D P ruled last night....but one can actually just watch for movement at the start of a session and catch 39 pips easily.....then it's best to bank.....yep call out BANK...then with the feel of what's the easiest direction the currency pair could go....ya sort of see it like a market operator, specially if the action gets really going.
at that point one has time to punch buttons every 25 seconds just clobbering the moves both ways for one cycle....then it shows a direction for a final schmooze....floor traders style.....yep, that's it be a floor trader....for that burst action....
short term still works on a 15M chart but the market is changing in that respect due to the dad-gummed Sovergn Wealth Funds getting so large money wise.....15 trillion
  • #10,888
  • May 7, 2015 2:35pm May 7, 2015 2:35pm
Closed the short from 183.77 @ 182.25 for 152 pips. Would have been so much better if I closed when the bond market had that swoon last night. Oh well cannot go back. took a short on EUR/USD from 1.1270. April's job numbers in the are supposed to improve. 230,000 maybe. If not that's the end of the dollar trend.
Be humble or be humbled.
  • #10,889
  • May 7, 2015 2:39pm May 7, 2015 2:39pm
Quoting Temujin
Closed the short from 183.77 @ 182.25 for 152 pips. Would have been so much better if I closed when the bond market had that swoon last night. Oh well cannot go back. took a short on EUR/USD from 1.1270. April's job numbers in the are supposed to improve. 230,000 maybe. If not that's the end of the dollar trend.
took a short on EU last night too. but I just closed it out. dont want to be holding anything going into the news.
  • #10,890
  • May 7, 2015 4:05pm May 7, 2015 4:05pm
what the heck up 192 pips in 5 minutes

course I wasn't in it
  • #10,891
  • May 7, 2015 4:12pm May 7, 2015 4:12pm
Quoting AllyB
what the heck up 192 pips in 5 minutes course I wasn't in it
Me neither I completely forgot about the elections, I was busy cooking... better be delicious!
  • #10,892
  • May 7, 2015 4:14pm May 7, 2015 4:14pm
Talk about popping some stops.. Hope not too many people were short
  • #10,893
  • May 7, 2015 4:16pm May 7, 2015 4:16pm
im confused though. tories are in the lead but if they win pound is supposed to drop i believe
  • #10,894
  • May 7, 2015 4:17pm May 7, 2015 4:17pm
Quoting AllyB
what the heck up 192 pips in 5 minutes course I wasn't in it
I was out too, don't worry markets will keep moving prefer to be out for these kinds of moves
  • #10,895
  • May 7, 2015 4:18pm May 7, 2015 4:18pm
also, fml im very tempted to drop a huge short here with the size of the gap i have
  • #10,896
  • May 7, 2015 4:21pm May 7, 2015 4:21pm
Quoting raiders
also, fml im very tempted to drop a huge short here with the size of the gap i have
What's your gap? mine's 30 pips. Not trading for now, if we get a solid break 1.55 on GU and a good retracement to 1.525 in the coming days I'll be looking for longs in GU/GJ. If 1.55's the ceiling I'll look for shorts on both pairs from tomorrow, as I hoped to do initially once we got 183.3/1.535. This crazy price action is stopping me for now
  • #10,897
  • May 7, 2015 4:25pm May 7, 2015 4:25pm
I closed at about 182.5 and opened the new day close to 184
  • #10,898
  • May 7, 2015 4:26pm May 7, 2015 4:26pm
im taking a small shot here on the short. thats too good to pass up
  • #10,899
  • May 7, 2015 4:29pm May 7, 2015 4:29pm
Quoting raiders
im taking a small shot here on the short. thats too good to pass up
Gambling.. I suck at doing that. I ALWAYS get burned
  • #10,900
  • May 7, 2015 4:30pm May 7, 2015 4:30pm
Quoting raiders
I closed at about 182.5 and opened the new day close to 184
Wow, that slippage. lights out for the day, good luck to anyone who's trading
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