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Dragon Riders GBP/JPY

  • #12,641
  • Nov 12, 2015 4:45pm Nov 12, 2015 4:45pm
Quoting badblood
{quote} Sir, You are ok right?
I celebrate this guy. Its fun
  • #12,642
  • Nov 12, 2015 4:54pm Nov 12, 2015 4:54pm
Current:

188.25/13(!) - im aiming this as long target atm, looking for good entry; 186.50/38?
187.13/00
186.50/38
186.00/88
185.63/50(!) - optimal short target if deeper retracement/reversal
185.25/13
184.50/38
  • #12,643
  • Nov 12, 2015 8:13pm Nov 12, 2015 8:13pm
yessirr.....sell there at 186.78.....after the 7:42 trade buy ....be buying somewhere by the London or New York open.......usually we buy on a Friday morning....in November....huh!!
  • #12,644
  • Nov 12, 2015 9:11pm Nov 12, 2015 9:11pm
i have a buy limit at 186.25 with stop at 186.10 if sl hit will looking for another buy around 185.85
I will try my best to learn forex.
  • #12,645
  • Nov 12, 2015 9:33pm Nov 12, 2015 9:33pm
Quoting edmun1388
I just make a GBPJPY ranging market detection indicator , will test it after wake up today ..sleepy. at time write , ONLY long allow unless drop further then previous low. NIte.
Indicator success detect trend or ranging and support , I can sleep well now .

woo , nite , 11:30 am here , LoL .
Exits == most important part of your strategy
  • #12,646
  • Nov 12, 2015 10:26pm Nov 12, 2015 10:26pm
so according to my 500 pip block theory.....which I read about on another thread here at FF...we're in 185.00 to 190.00....with in a pip and that means the target........190.00
  • #12,647
  • Nov 12, 2015 10:51pm Nov 12, 2015 10:51pm
Quoting FX-Ray
Current: 188.25/13(!) - im aiming this as long target atm, looking for good entry; 186.50/38? 187.13/00 186.50/38 186.00/88 185.63/50(!) - optimal short target if deeper retracement/reversal 185.25/13 184.50/38
185.5ish matches up perfectly with the short term rising trendline
  • #12,648
  • Nov 12, 2015 10:58pm Nov 12, 2015 10:58pm
Quoting Gbp/jpy
so according to my 500 pip block theory.....which I read about on another thread here at FF...we're in 185.00 to 190.00....with in a pip and that means the target........190.00
I fail to understand the humor in this sarcasm.
  • #12,649
  • Nov 13, 2015 1:05am Nov 13, 2015 1:05am
Quoting alexpi
{quote} I fail to understand the humor in this sarcasm.
Yes, I also can predict price in a range of 500 pips .... + - 1 pip of course ...
Fix up, trade sharp ...
  • #12,650
  • Nov 13, 2015 1:51am Nov 13, 2015 1:51am
Bullish on this pair. 187.80 breaks out to 194. But first let clear 190.
  • #12,651
  • Nov 13, 2015 2:24am Nov 13, 2015 2:24am
Quoting FX-Ray
Current: 188.25/13(!) - im aiming this as long target atm, looking for good entry; 186.50/38? 187.13/00 186.50/38 186.00/88 185.63/50(!) - optimal short target if deeper retracement/reversal 185.25/13 184.50/38
186.50/38 - check

Quoting raiders
{quote} 185.5ish matches up perfectly with the short term rising trendline
Didnt pay attention to the trendline but good to know
Attached Image (click to enlarge)
Click to Enlarge Name: long5.png Size: 44 KB
  • #12,652
  • Nov 13, 2015 2:34am Nov 13, 2015 2:34am
Quoting Hickson
{quote} Yes, I also can predict price in a range of 500 pips .... + - 1 pip of course ...
Derp
Attached Image
  • #12,653
  • Nov 13, 2015 2:48am Nov 13, 2015 2:48am
Quoting FX-Ray
{quote} 186.50/38 - check {quote} Didnt pay attention to the trendline but good to know {image}
vely, vely guud ...
Fix up, trade sharp ...
  • #12,654
  • Nov 13, 2015 4:00am Nov 13, 2015 4:00am
There is no clear direction atm. For a couple of days it moves in a relatively tight range of some 100 points - that's just too tight for this pair.

Generally, it's bullish in the next couple of weeks, but now it's just too choppy for me.

I'm not touching it until next week, just sitting sideways and waiting for more clear signals.
Shift happens...
  • #12,655
  • Nov 13, 2015 4:59am Nov 13, 2015 4:59am
wait....wait..wait.
Attached Image
Exits == most important part of your strategy
  • #12,656
  • Nov 13, 2015 5:02am Nov 13, 2015 5:02am
Quoting blackgeorge
There is no clear direction atm. For a couple of days it moves in a relatively tight range of some 100 points - that's just too tight for this pair. Generally, it's bullish in the next couple of weeks, but now it's just too choppy for me. I'm not touching it until next week, just sitting sideways and waiting for more clear signals.
Same for me .... and it is friday. Maybe some Euro, otherwise buy some food and work.
Fix up, trade sharp ...
  • #12,657
  • Nov 13, 2015 5:11am Nov 13, 2015 5:11am
Quoting Hickson
{quote} Same for me .... and it is friday. Maybe some Euro, otherwise buy some food and work.
And it's Friday the 13th
Shift happens...
  • #12,658
  • Nov 13, 2015 5:13am Nov 13, 2015 5:13am
Quoting blackgeorge
{quote} And it's Friday the 13th
Yes, but that is just a number to me.
Fix up, trade sharp ...
  • #12,659
  • Nov 13, 2015 5:35am Nov 13, 2015 5:35am
Quoting blackgeorge
{quote} And it's Friday the 13th
Shallow men believe in luck. Strong men believe in cause and effect.
Ralph Waldo Emerson


Just gonna leave this here
  • #12,660
  • Nov 13, 2015 6:12am Nov 13, 2015 6:12am
Quoting alexpi
{quote} Shallow men believe in luck. Strong men believe in cause and effect. Ralph Waldo Emerson Just gonna leave this here
True, but how many "shallow men" are there in forex and especially in gold trading? I would say no less than 95%, if it's true that 95% of traders are losing money. So, you are surrounded by the shallow people who behave irrationally, driven by fear and greed, and their decisions certainly affect the markets.

What do you think, why the airline companies offer 50% discount on Friday the 13th? Because they are irrational and believe there is a higher probability that disaster is going to happen on that particular day? Of course not, but because of the fact that they are serving a bunch of shallow and irrational people who believe in such things.

In financial markets, majority is usually wrong. They wrongly believe that Friday the 13th is some "special" day so they decide not to trade. Volumes are low, volatility is low, market goes nowhere, so I'm staying out.
Shift happens...
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