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Dragon Riders GBP/JPY

  • #12,421
  • Nov 4, 2015 2:58am Nov 4, 2015 2:58am
again ,
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Exits == most important part of your strategy
  • #12,422
  • Nov 4, 2015 4:46am Nov 4, 2015 4:46am
I got big problem to set my target when sell at reversal ....
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Can someone teach me please.
Exits == most important part of your strategy
  • #12,423
  • Nov 4, 2015 5:51am Nov 4, 2015 5:51am
If price up later , possible go to 188.00 !!
Exits == most important part of your strategy
  • #12,424
  • Nov 4, 2015 7:13am Nov 4, 2015 7:13am
Quoting edmun1388
If price up later , possible go to 188.00 !!
Hoooo Yes! Finally got some pips from the SELL side. BANZAI! GBP looking weaker this high.
Be humble or be humbled.
  • #12,425
  • Nov 4, 2015 7:18am Nov 4, 2015 7:18am
Quoting Temujin
{quote} Hoooo Yes! Finally got some pips from the SELL side. BANZAI! GBP looking weaker this high.
whats your target ? I target 186.50 / 186.00
look like 186.3333 is danger area.
Exits == most important part of your strategy
  • #12,426
  • Edited 7:54am Nov 4, 2015 7:39am | Edited 7:54am
currrent DPs

187.375/250 - if break + support then long target
186.750/625 - if break + resistance then short target

long target: 187.875/750
short target: 186.00/5.875
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  • #12,427
  • Nov 4, 2015 7:43am Nov 4, 2015 7:43am
Quoting edmun1388
{quote} whats your target ? I target 186.50 / 186.00 look like 186.3333 is danger area.
The stock rally is still very much intact and most likely will be until the years end.
Be humble or be humbled.
  • #12,428
  • Nov 4, 2015 7:48am Nov 4, 2015 7:48am
Yen is surely strengthening though at this low level. Maybe there will be a retrace to 185 before higher.

Sold at 186.90 and will just close it if and when it goes against me.
Be humble or be humbled.
  • #12,429
  • Nov 4, 2015 7:57am Nov 4, 2015 7:57am
Quoting edmun1388
I got big problem to set my target when sell at reversal .... {image} Can someone teach me please.
You should take profit the way up/down or at least take partial profit, always.
  • #12,430
  • Edited 8:13am Nov 4, 2015 7:58am | Edited 8:13am
Hi , is there any irc chatroom for forex ?

GJ now look trouble near WR1.


*** I bias long now...wait...wait...
Exits == most important part of your strategy
  • #12,431
  • Nov 4, 2015 8:13am Nov 4, 2015 8:13am
I was watching CNBC and just saw Jim Cramer dismiss the opinion of the greatest trader in the history of the stock market; Stanley Drukenmiller. At one point he made 20 billion USD in this game and he is bearish. Of course to a perma bull like Jim that publicly recomended buying Bear Sterns before the bank imploded Drukenmiller is dated and irrelevant.
Be humble or be humbled.
  • #12,432
  • Nov 4, 2015 8:18am Nov 4, 2015 8:18am
Quoting Temujin
I was watching CNBC and just saw Jim Cramer dismiss the opinion of the greatest trader in the history of the stock market; Stanley Drukenmiller. At one point he made 20 billion USD in this game and he is bearish. Of course to a perma bull like Jim that publicly recomended buying Bear Sterns before the bank imploded Drukenmiller is dated and irrelevant.
So you just could skip that nonsense, these guys are no traditional traders, especially Cramer, talk is cheap
  • #12,433
  • Nov 4, 2015 8:34am Nov 4, 2015 8:34am
My mistake , maybe I long GJ too early .
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Exits == most important part of your strategy
  • #12,434
  • Nov 4, 2015 8:51am Nov 4, 2015 8:51am
Quoting FX-Ray
{quote} So you just could skip that nonsense, these guys are no traditional traders, especially Cramer, talk is cheap
Haha! Good to have a pair like this to trade. US regulation means no CFD's for us. GBP/JPY is one of the closer mirrors of the DOW.
Be humble or be humbled.
  • #12,435
  • Nov 4, 2015 8:56am Nov 4, 2015 8:56am
Quoting Temujin
{quote} Haha! Good to have a pair like this to trade. US regulation means no CFD's for us. GBP/JPY is one of the closer mirrors of the DOW.
Dragon
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  • #12,436
  • Nov 4, 2015 9:01am Nov 4, 2015 9:01am
Aside from some global event there should be no more crashes like 2008. Central bankers have succeeded at using these experimental tools i.e. ZIRP, QE etc. The stuff worked with protecting prices and bolstering global equities. They have taken note of what they can use effectively. It is just the global debt now of 200 trillion. People have to pay off all these things now they aquired in the credit expansion recovery, slow growth is here to stay for a while.

On a weekly time frame I can see 174.70 for GBP/JPY some months from now.
Be humble or be humbled.
  • #12,437
  • Nov 4, 2015 9:05am Nov 4, 2015 9:05am
EUR/USD swings up from a support of 1.08 and then some profit taking on GBP/JPY? Hmmm.

Yes, buyers will rescue the euro around there. Pretty strong level.
Be humble or be humbled.
  • #12,438
  • Nov 4, 2015 10:08am Nov 4, 2015 10:08am
Quoting Temujin
EUR/USD swings up from a support of 1.08 and then some profit taking on GBP/JPY? Hmmm. Yes, buyers will rescue the euro around there. Pretty strong level.
Got orders at 1.075. I think it will sink down before it swims (if it even does)
  • #12,439
  • Nov 4, 2015 10:25am Nov 4, 2015 10:25am
Quoting alexpi
{quote} Got orders at 1.075. I think it will sink down before it swims (if it even does)
7/20/15, 8/5/15 then a few days later again 8/11/15. All the 1.08 area. GOOO YOOO ROOOW!
Be humble or be humbled.
  • #12,440
  • Nov 4, 2015 10:37am Nov 4, 2015 10:37am
Quoting FX-Ray
{quote} So you just could skip that nonsense, these guys are no traditional traders, especially Cramer, talk is cheap

Especially after the facts
Fix up, trade sharp ...
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