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Dragon Riders GBP/JPY

  • #12,261
  • Oct 26, 2015 7:55am Oct 26, 2015 7:55am
Quoting Temujin
{quote} Scalping is not my thing now. Weekly levels, much more significant.
I agree - the days chasing 5 pips are over. It is just not for me.
Fix up, trade sharp ...
  • #12,262
  • Oct 26, 2015 8:41am Oct 26, 2015 8:41am
Quoting FXEZ
{quote} I'm not using cointegration in any of my strategies currently. The main difficulty I had was that while Engle-Granger or Johansen can find a stationary spread in history for various currency pairs, in the future the spread tends to drift far from stationarity. If you think about what you're really saying with cointegration in FX, you are making an implicit assumption that the economies and therefore the currencies of sovereign countries are permanently interrelated in terms of co-movement. A single important news release or policy change...
without going too deep into the math, i have a parameter model that adjusts accordingly. Depending on the data frequency the costs can be high or negigible. I have worked with some persistence models that have helped monitor conitegration strength and help decide when this dissolves. More importantly, I've found greater success in baskets than pairs.
  • #12,263
  • Oct 26, 2015 8:51am Oct 26, 2015 8:51am
price bounce from arrow mark?
thoughts?

*monthly in uptrend
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  • #12,264
  • Oct 26, 2015 9:31am Oct 26, 2015 9:31am
Quoting FX-Ray
{quote} watching 186.00/85.90 as next intermediate-target Add: Check EUR/GBP, the current relationship of G/J; E/J and E/G is +,+,- ; If E/G takes out the low of 0.7170 + continuation, upside targets in G/J becomes high probability as long as relationship established.
E/G 0.7170 is close, G/J estimated open short positions @ 186.00/85.90: 640kk YEN
  • #12,265
  • Oct 26, 2015 10:29am Oct 26, 2015 10:29am
Quoting FX-Ray
{quote} E/G 0.7170 is close, G/J estimated open short positions @ 186.00/85.90: 640kk YEN
you comming along the gartley, adcd train now?
  • #12,266
  • Oct 26, 2015 11:59am Oct 26, 2015 11:59am
anyone getting anoyyed about the 186. sell? it keeps going down then all of a sudden up again, what are the buyers trying to do, cant they see the gartley or abcd pattern?
  • #12,267
  • Oct 26, 2015 12:17pm Oct 26, 2015 12:17pm
For sure this is a sell position 80% risk/reward is 1:2
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  • #12,268
  • Oct 26, 2015 12:59pm Oct 26, 2015 12:59pm
Quoting keadr
anyone getting anoyyed about the 186. sell? it keeps going down then all of a sudden up again, what are the buyers trying to do, cant they see the gartley or abcd pattern?
overall trend is up
  • #12,269
  • Oct 26, 2015 1:06pm Oct 26, 2015 1:06pm
Quoting PoundTrader
{quote}overall trend is up
agreed, next potential targets are 186.90/80 & 187.70/60 (major)

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  • #12,270
  • Oct 26, 2015 2:13pm Oct 26, 2015 2:13pm
Quoting PoundTrader
{quote}overall trend is up
but watch later it will go down, i am 80% sure
  • #12,271
  • Oct 26, 2015 3:03pm Oct 26, 2015 3:03pm
Quoting keadr
{quote} but watch later it will go down, i am 80% sure
Why? Could you elaborate on that?
Fix up, trade sharp ...
  • #12,272
  • Oct 26, 2015 3:54pm Oct 26, 2015 3:54pm
Quoting FX-Ray
{quote} That would be one way, like I said, it really depends what you are looking for and what kind of trades you want to trade. Trade horizon, size and monthly/weekly/yearly objectives defines those. {quote} Im a short stop, I can admit im wrong and get over it instantly. Next trade just around the corner, business as usual.
How can I find the formula for my table? I am not sure if the ones I am using are correct ... should be some arithmetical medium of H, L, C?
Fix up, trade sharp ...
  • #12,273
  • Oct 26, 2015 4:49pm Oct 26, 2015 4:49pm
Missed all the action today, will be back tomorrow, hope everyone did well 👍🏻
  • #12,274
  • Oct 26, 2015 5:11pm Oct 26, 2015 5:11pm
Quoting workingforex
Missed all the action today, will be back tomorrow, hope everyone did well 👍🏻
Yeah, that is me .. putting my orders on and gl, haha ... intraday is not for me. Not enough time, not enough capital (which would give opportunity to trade intraday). So I just stick to looking for swings and growing experience. Do not know how much time it will take ... 3 years ... 5 years ... I really do not know. I just know I will keep going where others had given up long before.

GL mate, see you later!
Fix up, trade sharp ...
  • #12,275
  • Oct 26, 2015 7:17pm Oct 26, 2015 7:17pm
Quoting keadr
{quote} but watch later it will go down, i am 80% sure
so far looking good
  • #12,276
  • Oct 26, 2015 9:31pm Oct 26, 2015 9:31pm
Quoting PoundTrader
{quote}so far looking good
the pattern does not fail 186 was the down fall
  • #12,277
  • Oct 26, 2015 9:36pm Oct 26, 2015 9:36pm
Quoting keadr
gartley activated... who else sold on the 186?? {image}

You're using software or manual on drawing the gartley pattern ?
Biggest Mistake ? Over Leverage
  • #12,278
  • Oct 26, 2015 9:40pm Oct 26, 2015 9:40pm
Quoting Hickson
{quote} Why? Could you elaborate on that?
gartley +abcd pattern + candlesticks
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  • #12,279
  • Oct 26, 2015 11:42pm Oct 26, 2015 11:42pm
Quoting sing2x
{quote} You're using software or manual on drawing the gartley pattern ?
manual, software can't 100% accurately draw them, thats what makes it a successful pattern
  • #12,280
  • Oct 26, 2015 11:44pm Oct 26, 2015 11:44pm
Quoting Temujin
{quote} 186.02 Last Friday.
did you hold? if so grats near 100 pips, i held one of my orders, the others made 80pips
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