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Dragon Riders GBP/JPY

  • #13,141
  • Nov 30, 2015 8:43am Nov 30, 2015 8:43am
True!
Fix up, trade sharp ...
  • #13,142
  • Nov 30, 2015 8:45am Nov 30, 2015 8:45am
Quoting FX-Ray
{quote} 184.88/63 got rejected again and also 185.88/63; if today (daily) wont close lower and we still see some strength, next week could be very interesting regarding continuation to the upside. Liquidity above 185.88/75, if takeout and short covering, long TP 186.88/63 {image}
still
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  • #13,143
  • Nov 30, 2015 8:52am Nov 30, 2015 8:52am
Quoting FX-Ray
{quote} still {image}
I have this so far - TPs might be not so perfect, but since this has enough chance to stop me out, I rather keep them wide given the risk.
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Fix up, trade sharp ...
  • #13,144
  • Nov 30, 2015 8:55am Nov 30, 2015 8:55am
It is important to close around here for longs from my humble perspective:
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Fix up, trade sharp ...
  • #13,145
  • Nov 30, 2015 8:58am Nov 30, 2015 8:58am
Quoting Hickson
True!
It's not as funny when you're happening it to yourself. Had to close a 20% loss on the account. If I was trading the size I would like to trade long-term it would be hella painful. It's always that one silly trade you try at the end of the week.... It's been moving slow all day and so you put down a trade with no SL and then

Add: Pic related, my master-class long trade from Friday; buy high, sell low
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  • #13,146
  • Nov 30, 2015 9:02am Nov 30, 2015 9:02am
Already long for 7 hours ,..
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http://www.forexfactory.com/showthre...=566774&page=2
Exits == most important part of your strategy
  • #13,147
  • Nov 30, 2015 9:05am Nov 30, 2015 9:05am
Quoting alexpi
{quote} It's not as funny when you're happening it to yourself. Had to close a 20% loss on the account. If I was trading the size I would like to trade long-term it would be hella painful. It's always that one silly trade you try at the end of the week.... It's been moving slow all day and so you put down a trade with no SL and then Add: Pic related, my master-class long trade from Friday {image} {image}
Oh wow ... - 20 % is really tough. I remember doing that, but it will not happen to me again, sl is a rule of my trading. Anything else will lead to a desaster sooner or later in my view.
Fix up, trade sharp ...
  • #13,148
  • Nov 30, 2015 9:08am Nov 30, 2015 9:08am
Quoting Hickson
{quote} Oh wow ... - 20 % is really tough. I remember doing that, but it will not happen to me again, sl is a rule of my trading. Anything else will lead to a desaster sooner or later in my view.
I used to do it every 1-2 weeks, then 1-2 months, now I do it every 6-7 months. Time fixes everything. Hopefully in three years I will bring it down to once every one-two years

Add: It's especially interesting that last week I waited all week for GJ and GN to set up, being patient AF. But then had to do something stupid
  • #13,149
  • Nov 30, 2015 9:24am Nov 30, 2015 9:24am
Quoting Hickson
{quote} I have this so far - TPs might be not so perfect, but since this has enough chance to stop me out, I rather keep them wide given the risk. {image}
Nothing is perfect in this environment

Main strategy still print of 185.88/63 + continuatiuon for first TP 186.75
  • #13,150
  • Nov 30, 2015 9:25am Nov 30, 2015 9:25am
186.5 is where im gonna worry about a pullback to continue the fall. but i think this might be good to 188.5 and beyond
  • #13,151
  • Nov 30, 2015 9:28am Nov 30, 2015 9:28am
also, it looks like some might have been extra eager with the recent gu buying, it looks like there was about 10-15 pips left in the fall. maybe it gets down there maybe it doesnt. 1.4975 is where my buy is now sitting.
  • #13,152
  • Nov 30, 2015 9:35am Nov 30, 2015 9:35am
Quoting FX-Ray
{quote} Nothing is perfect in this environment Main strategy still print of 185.88/63 + continuatiuon for first TP 186.75
I do not know. But the RR of this is good enough for me. Will leave everything now as it is, as I have a very difficult task in front of me in about an hour. Laters and happy trading!
Fix up, trade sharp ...
  • #13,153
  • Nov 30, 2015 10:08am Nov 30, 2015 10:08am
time to pull half of it out for the daily range has been hit, anyway, huh!!!
  • #13,154
  • Nov 30, 2015 10:09am Nov 30, 2015 10:09am
Quoting Hickson
{quote} I do not know. But the RR of this is good enough for me. Will leave everything now as it is, as I have a very difficult task in front of me in about an hour. Laters and happy trading!
RR is good. Thats the intermediate TP anyway, optimal scenario take out of 185.88/63 (if shorts bail out here) and continuation, also will take partial here.
  • #13,155
  • Nov 30, 2015 10:36am Nov 30, 2015 10:36am
pending short 185.797 risking few for new lows
Time is your friend; impulse is your enemy.
  • #13,156
  • Nov 30, 2015 12:46pm Nov 30, 2015 12:46pm
kto Tam....right-on........would have been perfect
  • #13,157
  • Nov 30, 2015 1:06pm Nov 30, 2015 1:06pm
While I don't trade off 1hr charts. You'll see what looks to be a complete rejection off the weekly pivot. I'm thinking we are headed up an through the 50% weekly fibo level.
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  • #13,158
  • Nov 30, 2015 1:49pm Nov 30, 2015 1:49pm
I think we will see UJ 128 by year end.
  • #13,159
  • Nov 30, 2015 1:50pm Nov 30, 2015 1:50pm
Quoting FX-Ray
{quote} RR is good. Thats the intermediate TP anyway, optimal scenario take out of 185.88/63 (if shorts bail out here) and continuation, also will take partial here.
Took some off at 185.45 and leave the rest running with sl under the weekly low. If it makes a new high and retraces, might add again.
Fix up, trade sharp ...
  • #13,160
  • Nov 30, 2015 2:46pm Nov 30, 2015 2:46pm
Quoting alexpi
{quote} I used to do it every 1-2 weeks, then 1-2 months, now I do it every 6-7 months. Time fixes everything. Hopefully in three years I will bring it down to once every one-two years Add: It's especially interesting that last week I waited all week for GJ and GN to set up, being patient AF. But then had to do something stupid
You, are an Oak....in the world of organizing....being thoughtfully patient and finding truth.
I did the same but pretty much all cardiac about it....then I found a way to assign small stops, and all was happy happy again
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