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Dragon Riders GBP/JPY

  • #12,701
  • Nov 16, 2015 12:34am Nov 16, 2015 12:34am
GBPUSD H1 , be care to those who long , hope I am wrong
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Exits == most important part of your strategy
  • #12,702
  • Nov 16, 2015 3:35am Nov 16, 2015 3:35am
GU heavily fighting with support ... risk off mode does not make longs attractive for me.
Fix up, trade sharp ...
  • #12,703
  • Nov 16, 2015 5:58am Nov 16, 2015 5:58am
I am short from 187.102...looking for a retreacement at least somewhere near 186.700. Anyone looks at it same as me?
-- There's no winner without lose --
  • #12,704
  • Nov 16, 2015 6:06am Nov 16, 2015 6:06am
Already close mine with 35+ pip.
i am looking for it to retrace until 186.00 but probably not going to happen
(have a buy limit order at that point)
I will try my best to learn forex.
  • #12,705
  • Edited 8:15am Nov 16, 2015 7:57am | Edited 8:15am
Quoting FX-Ray
G/J current: 188.25/00 - weekly long target 187.75/63 187.13/00 186.50/38 186.00/88 185.63/50 185.25/13 184.50/38
187.75/68 - next long target
187.13/00 - current resistance
186.00/88 - current support
185.63/50 - next short target

Inserted Video
  • #12,706
  • Nov 16, 2015 8:23am Nov 16, 2015 8:23am
Quoting FX-Ray
{quote} 187.75/68 - next long target 187.13/00 - current resistance 186.00/88 - current support 185.63/50 - next short target https://www.youtube.com/watch?v=5nPNm6p6vT0
Smashin'

Inserted Video
  • #12,707
  • Nov 16, 2015 8:43am Nov 16, 2015 8:43am
Good day,

I'm just hanging in there on Dragon longs... has been weeks. Longed from 181.xx and closed. re-entered. closed. re-entered. Last set of long entries...

Entries sitting at :

184.669
184.507
184.367

I still hold for 192.20, as I'm testing a theory. This live account however.

FX-Ray - you have an excellent grasp on Dragon movement. It is clear. I would never trade this monster. But testing theory. When ( if ever) 192.20 hits - well, then we have a problem. As I will get rich sitting back and waiting for those glitches.
Quote
You can be anything you want to be
  • #12,708
  • Nov 16, 2015 8:52am Nov 16, 2015 8:52am
hi , any good mq4 editor other then that built-in metatrader ?
Exits == most important part of your strategy
  • #12,709
  • Nov 16, 2015 8:54am Nov 16, 2015 8:54am
Quoting badblood
Good day, If OP will allow and tolerate. EUR/JPY long is due. I have this indi on Retail positions. A piece of gold. Indicates a slow turn to long on that pair. I'm in - You need to see those points indicated. It is bliss. See chart Trade well!
No reason why I should not allow or tolerate, keep posting

Quoting badblood
Good day, I'm just hanging in there on Dragon longs... has been weeks. Longed from 181.xx and closed. re-entered. closed. re-entered. Last set of long entries... Entries sitting at : 184.669 184.507 184.367 I still hold for 192.20, as I'm testing a theory. This live account however. FX-Ray - you have an excellent grasp on Dragon movement. It is clear. I would never trade this monster. But testing theory. When ( if ever) 192.20 hits - well, then we have a problem. As I will get rich sitting back and waiting for those glitches.
I like this strategy, it keeps you as close as possible to the equity high and allows you to keep growing your margin account. Sometimes its better to take profits and question your bias/idea/methodology to current market behaviour. Prices are clear, we just dont know when, thats why patience is the most single important asset in trading.
  • #12,710
  • Nov 16, 2015 8:56am Nov 16, 2015 8:56am
Quoting badblood
Good day, I'm just hanging in there on Dragon longs... has been weeks. Longed from 181.xx and closed. re-entered. closed. re-entered. Last set of long entries... Entries sitting at : 184.669 184.507 184.367 I still hold for 192.20, as I'm testing a theory. This live account however. FX-Ray - you have an excellent grasp on Dragon movement. It is clear. I would never trade this monster. But testing theory. When ( if ever) 192.20 hits - well, then we have a problem. As I will get rich sitting back and waiting for those glitches.{quote}


What is the problem with that?
Fix up, trade sharp ...
  • #12,711
  • Nov 16, 2015 9:28am Nov 16, 2015 9:28am
Quoting Hickson
{quote}[/b] What is the problem with that?
Bhuwaha, sir Hickson

I do not believe it can be this "simple".

You know that feeling when you find an indicator ( for those using them) on a weekend and you figure you have the grail. To be disappointed 5 minutes after market open on Monday...

I have been around the block - so extremely wary. I have no hope/conviction that this is sustainable. Have to expect the worst. It is a better angle.

But I'm am into this test. 192.20 - no less. If this works out in the end.. then it will be encouraging to investigate closer.

But I cannot be seen affecting any positions here. I may be completely wrong.

Trade well!
You can be anything you want to be
  • #12,712
  • Nov 16, 2015 9:35am Nov 16, 2015 9:35am
Quoting badblood
{quote} Bhuwaha, sir Hickson I do not believe it can be this "simple". You know that feeling when you find an indicator ( for those using them) on a weekend and you figure you have the grail. To be disappointed 5 minutes after market open on Monday... I have been around the block - so extremely wary. I have no hope/conviction that this is sustainable. Have to expect the worst. It is a better angle. But I'm am into this test. 192.20 - no less. If this works out in the end.. then it will be encouraging to investigate closer. But I cannot be seen affecting...
You are sitting on great entries. Interesting how it got rejected at 186. For indicators - I do not believe in indicators. Price is the only reliable indicator from my experience. Everyone who claims that he has the holy grail is probably a scam or a big bragger.
Fix up, trade sharp ...
  • #12,713
  • Nov 16, 2015 9:50am Nov 16, 2015 9:50am
Quoting Hickson
{quote} You are sitting on great entries. Interesting how it got rejected at 186. For indicators - I do not believe in indicators. Price is the only reliable indicator from my experience. Everyone who claims that he has the holy grail is probably a scam or a big bragger.
thank you,sir

Those entries can be diluted in an instant.. Let's see.

Below a chart of my recent journey longing.. As you can see.. Entries not always the best. Chart excludes the entries currently live - those are the red lines.

Regards
Attached Image (click to enlarge)
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You can be anything you want to be
  • #12,714
  • Nov 16, 2015 10:22am Nov 16, 2015 10:22am
Quoting badblood
{quote} thank you,sir Those entries can be diluted in an instant.. Let's see. Below a chart of my recent journey longing.. As you can see.. Entries not always the best. Chart excludes the entries currently live - those are the red lines. Regards {image}
Seems fair enough! The only thing puzzling me are the stops - normally shown by a red line. I think you have some? Yes, diluted any time, that is what we have to consider. But you seem to be humble, a good condition to make it I think
Fix up, trade sharp ...
  • #12,715
  • Nov 16, 2015 10:26am Nov 16, 2015 10:26am
Here is my logic..

As mentioned - I have this indicator ( Apology to Hickson) - that is - if interpreted properly, a goldmine.

Set of rules I have developed. Will probably only give 10 trades per year. But good.

Swissy may drop a few pips. I want them. Let us see how accurate.
Attached Image (click to enlarge)
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You can be anything you want to be
  • #12,716
  • Nov 16, 2015 10:36am Nov 16, 2015 10:36am
Indicators always depend on price. But price never depends on Indicators. In other words, price creates indicators.
Indicators come from price.

Indicators can be wrong, but price is always right.
  • #12,717
  • Nov 16, 2015 10:47am Nov 16, 2015 10:47am
Quoting frx_trader
Indicators always depend on price. But price never depends on Indicators. In other words, price creates indicators. Indicators come from price. Indicators can be wrong, but price is always right.
yes, but I respect badblood's work.
Fix up, trade sharp ...
  • #12,718
  • Edited 11:21am Nov 16, 2015 11:08am | Edited 11:21am
I just halfway develop my indicator , test it and found this performance ..
winrate
M1 : 82%
M5: 74%
M15: 78%
M30:90%
H1:76.6%
H4: 57.14%
D1: 79.17%
W1: 55.56%
MN: 100%

lolz , very tired also me.>5000 lines..
edit : tomorrow I will try real trade and see performance.
Note : previous GJ long detected at 186.3 , at that time i not yet compile my indicator , missed this ..
Exits == most important part of your strategy
  • #12,719
  • Nov 16, 2015 11:23am Nov 16, 2015 11:23am
Quoting badblood
Here is my logic.. As mentioned - I have this indicator ( Apology to Hickson) - that is - if interpreted properly, a goldmine. Set of rules I have developed. Will probably only give 10 trades per year. But good. Swissy may drop a few pips. I want them. Let us see how accurate. {image}
This whole thing is overbought. I do not enter well.

timing just not part of my armour. Too compulsive.
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You can be anything you want to be
  • #12,720
  • Nov 16, 2015 11:32am Nov 16, 2015 11:32am
Quoting frx_trader
Indicators always depend on price. But price never depends on Indicators. In other words, price creates indicators. Indicators come from price. Indicators can be wrong, but price is always right.
Good day,

My indicator is not based on price - it attempts to show traders positions.Well, it does. I'm the one attempting to read the info. It could be seen as leading. Scary thought. You are required to broaden your perception.Not all indicators depend on price.

Trade well!
You can be anything you want to be
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