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Dragon Riders GBP/JPY

  • #13,681
  • Dec 15, 2015 10:45am Dec 15, 2015 10:45am
but then again it could be a bear flag. GU dumped last hour so this could very well be
  • #13,682
  • Dec 15, 2015 12:35pm Dec 15, 2015 12:35pm
wait till asia or try maybe to see what the New York after hours club is thinking

they're conniving bunch, I gotta tell ya
  • #13,683
  • Dec 15, 2015 2:27pm Dec 15, 2015 2:27pm
AU D
AU 1H
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  • #13,684
  • Dec 15, 2015 2:41pm Dec 15, 2015 2:41pm
Short U/J : 120.50
Long E/J : 133.80
Long G/J : 184.35 (careful)..Next long if test 181.35/40

When Scalpers win, I lose and Vice varsa...
  • #13,685
  • Dec 15, 2015 6:56pm Dec 15, 2015 6:56pm
good trading there....Goldflake.....

maybe a small add down below that 181.xx even.... I looking for a turn here in December somewhere.!!
  • #13,686
  • Dec 16, 2015 2:22am Dec 16, 2015 2:22am
Quoting FX-Ray
{quote} next 184.5
I don't know if it's because I'm not trading atm but I'm sitting here and dreaming up a scenario of a drop into 177.27-174.87 (perhaps even 173 in order to kill some bull stops) before some up-moves happen in the first half of next year. In my view a drop into that area would complete the weekly market profile that has been forming since 16.08.2015.

Obviously we'll know in the next month or two if this is true but I'm curious - what are your thoughts on the mid-term (6-month to 9-month) viability of this scenario as of this moment?

P.S.: Solid trading in this weird market
  • #13,687
  • Dec 16, 2015 3:43am Dec 16, 2015 3:43am
Quoting alexpi
{quote} I don't know if it's because I'm not trading atm but I'm sitting here and dreaming up a scenario of a drop into 177.27-174.87 (perhaps even 173 in order to kill some bull stops) before some up-moves happen in the first half of next year. In my view a drop into that area would complete the weekly market profile that has been forming since 16.08.2015. Obviously we'll know in the next month or two if this is true but I'm curious - what are your thoughts on the mid-term (6-month to 9-month) viability of this scenario as of this moment? P.S.:...
When I notice market doesnt behave normally, I try to get out of my positions as soon as possible, rather a range trading approach even we get directional move sometimes. 3-6 month I defenitely see it long, fundamentals are still the same but sentiment is not because of political conflicts. If you remember I called 181 as support few weeks ago and since then we had a almost print of 189. So 181 is still that support, if it doesnt hold you may get your 174.88 or 177.25. Nonetheless I'd have a look at 179 too.
  • #13,688
  • Dec 16, 2015 3:45am Dec 16, 2015 3:45am
Quoting FX-Ray
{quote} When I notice market doesnt behave normally, I try to get out of my positions as soon as possible, rather a range trading approach even we get directional move sometimes. 3-6 month I defenitely see it long, fundamentals are still the same but sentiment is not because of political conflicts. If you remember I called 181 as support few weeks ago and since then we had a almost print of 189. So 181 is still that support, if it doesnt hold you may get your 174.88 or 177.25. Nonetheless I'd have a look at 179 too.
Hi, will you trade this FED madness or stay out of the market today?
Fix up, trade sharp ...
  • #13,689
  • Dec 16, 2015 3:52am Dec 16, 2015 3:52am
Quoting Hickson
{quote} Hi, will you trade this FED madness or stay out of the market today?
Ill trade it, I dont hype it though and its not more madness than the other Draghi speeches before, doesnt matter the outcome.

EUR/USD: I will not short it, I may miss out a trade here but I rather be long than short. If I cant get a long im flat. Long > Flat > Short

Add: 1.0825
  • #13,690
  • Dec 16, 2015 3:55am Dec 16, 2015 3:55am
Quoting FX-Ray
{quote} Ill trade it, I dont hype it though and its not more madness than the other Draghi speeches before, doesnt matter the outcome. EUR/USD: I will not short it, I may miss out a trade here but I rather be long than short. If I cant get a long im flat.
Well, you might be able to afford it. But I guess it is never a mistake to wait until these decisions are brought up to the table. Preserving capital is more important than anything else.
Fix up, trade sharp ...
  • #13,691
  • Dec 16, 2015 3:58am Dec 16, 2015 3:58am
Quoting Hickson
{quote} Well, you might be able to afford it. But I guess it is never a mistake to wait until these decisions are brought up to the table. Preserving capital is more important than anything else.
That wasnt my point, I got no position before news. Am watching 1.0825 / 1.0890 / 1.0750
  • #13,692
  • Dec 16, 2015 4:01am Dec 16, 2015 4:01am
Quoting FX-Ray
{quote} That wasnt my point, I got no position before news. Am watching 1.0825 / 1.0890 / 1.0750
What about 1.0700 for a brief spike?
Fix up, trade sharp ...
  • #13,693
  • Dec 16, 2015 4:03am Dec 16, 2015 4:03am
Quoting Hickson
{quote} What about 1.0700 for a brief spike?
First and last tick are the most expensive Its ok if I can enter 10-20 pips off the low, if this long scenario actually happens. Even cant tell what the probable outcome will be, so it doenst matter anyway. Its about to wait for it and trade it accordingly.
  • #13,694
  • Dec 16, 2015 4:05am Dec 16, 2015 4:05am
Quoting FX-Ray
{quote} First and last tick are the most expensive Its ok if I can enter 10-20 pips off the low, if this long scenario actually happens. Even cant tell what the probable outcome will be, so it doenst matter anyway. Its about to wait for it and trade it accordingly.
I will not be there due to other events I have to attend, but I guess there will be many more trades either on Thursday, Friday or next year.
Fix up, trade sharp ...
  • #13,695
  • Dec 16, 2015 4:10am Dec 16, 2015 4:10am
Quoting Hickson
{quote} I will not be there due to other events I have to attend, but I guess there will be many more trades either on Thursday, Friday or next year.
Of course. When I see the hype of that 'decision' (and most traders still see E/U at parity ) I just can think of long, cant help it. $ overvalued atm.
  • #13,696
  • Dec 16, 2015 4:17am Dec 16, 2015 4:17am
Quoting FX-Ray
{quote} Of course. When I see the hype of that 'decision' (and most traders still see E/U at parity ) I just can think of long, cant help it. $ overvalued atm.
Well you never know ... "A lawyer who was shopping for an expert witness recently called me. His client, a university professor, had shorted Dell at 20 several years ago, before the splits, after his broker told him it "could not go any higher". That stock became the darling of the bull market, went through the roof, and a year later the professor covered at 80, wiping out his million-dollar account, which represented his life savings. That man was smart enough to earn a Ph.D. and save a million dollars but emotional enough to follow his broker while his life savings were doing a slow burn." (Alexander Elder, Come into my Trading room)

Different context of course ...
Fix up, trade sharp ...
  • #13,697
  • Dec 16, 2015 4:32am Dec 16, 2015 4:32am
Quoting Hickson
{quote} Well you never know ... "A lawyer who was shopping for an expert witness recently called me. His client, a university professor, had shorted Dell at 20 several years ago, before the splits, after his broker told him it "could not go any higher". That stock became the darling of the bull market, went through the roof, and a year later the professor covered at 80, wiping out his million-dollar account, which represented his life savings. That man was smart enough to earn a Ph.D. and save a million dollars but emotional enough to follow his...
The context here is "it cant go any higher" since parity seems obvious.
  • #13,698
  • Dec 16, 2015 4:48am Dec 16, 2015 4:48am
Quoting FX-Ray
{quote} The context here is "it cant go any higher" since parity seems obvious.
It works similar, and probably will continue to work as long as these markets exist.
Fix up, trade sharp ...
  • #13,699
  • Dec 16, 2015 6:10am Dec 16, 2015 6:10am
Quoting FX-Ray
{quote} When I notice market doesnt behave normally, I try to get out of my positions as soon as possible, rather a range trading approach even we get directional move sometimes. 3-6 month I defenitely see it long, fundamentals are still the same but sentiment is not because of political conflicts. If you remember I called 181 as support few weeks ago and since then we had a almost print of 189. So 181 is still that support, if it doesnt hold you may get your 174.88 or 177.25. Nonetheless I'd have a look at 179 too.
Yeah, I'm not opening positions over the holidays, but do still check the market every 3-4 hours while at work. Analysing without thinking about orders, risk management, and positions is a treat

179.2-.0 duly noted as PoI
  • #13,700
  • Dec 16, 2015 1:28pm Dec 16, 2015 1:28pm
looking at 1.495/3 in GU as a possible long target. Do you have any strong dps sitting there?
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