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Dragon Riders GBP/JPY

  • #14,241
  • Jan 28, 2016 8:43am Jan 28, 2016 8:43am
Just got short EU right now too....lets see if the market agrees
  • #14,242
  • Jan 28, 2016 8:50am Jan 28, 2016 8:50am
Just added to my core GBP/JPY long position again here at 170.25 -- no reason not to, right?
check out my blog: forexmademillionaire dot com
  • #14,243
  • Jan 28, 2016 8:55am Jan 28, 2016 8:55am
Quoting Geppy
Just added to my core GBP/JPY long position again here at 170.25 -- no reason not to, right?
wheres your sl sitting?
  • #14,244
  • Jan 28, 2016 9:08am Jan 28, 2016 9:08am
Quoting raiders
{quote} wheres your sl sitting?
SL is now at break even. My entire position is now 57,000 units (5.7 mini lots). The original entry was 168.90 but I've been adding a fair amount on the way up. Here's the current position with averaged entry:

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2824.PNG Size: 45 KB


EDITED: I had the total trade units wrong... edited to 57,000 as per screenshot.
check out my blog: forexmademillionaire dot com
  • #14,245
  • Jan 28, 2016 9:51am Jan 28, 2016 9:51am
Hi all,
I'm just letting run my Long on GY since 170.14. GY has just broke the .236 FIBO .
In my opinion is headed to 173.00 area to .382 res. I've got TP there. What you think?? The general Bias is still bearish.
Attached Image (click to enlarge)
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  • #14,246
  • Jan 28, 2016 9:59am Jan 28, 2016 9:59am
Hey seonder,

I'm also gunning for 173 as a target for a number of technical reasons. I hadn't bothered to look at the big drop's fibo levels. Thanks for posting that!

It's encouraging to see the next fib level above the 173 target... just another reason to stay long.

Regarding the general bias, it's a bit tough now. Looking at a monthly or weekly timeframe one could argue this whole drop is simply a retracement in the larger bull trend. However, Daily is bearish while 4 hour is turning bullish. Anything below 4 hours is now bullish too. So I guess what I'm getting at is it really depends what timeframe you're trading.

These can be tricky situations so it's best to understand we're either in a potential long-term trend reversal (from what was bullish to what is turning bearish) on the larger timeframes... or we're now done with a correction in the larger bull trend and ready to continue it.

For now we don't know which it will be. We just need to be mindful.
check out my blog: forexmademillionaire dot com
  • #14,247
  • Jan 28, 2016 10:10am Jan 28, 2016 10:10am
Quoting Geppy
{quote} No problem, man! The trade is still in progress with a 173.00 target. Things are a bit volatile right now with the talks of oil production cuts. But I like the overall bias of the price action and I think we'll be heading north when things settle in.
Keeping my fingers crossed. I'm fairly new to forex, still learning actually. Hopefully can be like you one day.
  • #14,248
  • Jan 28, 2016 10:17am Jan 28, 2016 10:17am
Quoting Invincibl3
{quote} Keeping my fingers crossed. I'm fairly new to forex, still learning actually. Hopefully can be like you one day.
Hopefully you joined us on this trade!
check out my blog: forexmademillionaire dot com
  • #14,249
  • Jan 28, 2016 10:27am Jan 28, 2016 10:27am
You guys notice this...?...on a volatile New York plus London upmove.....sell the third push for 95 pips......buy for 60 pips.....sell for 35 pips....buy for 19 pips......out, waiting for the next short term time to trade by your wristwatch.....

yep, I see those basketball bounces and just gotta join in the mahem....the fray....how you say in Texas, ??....make a girlscout wanna slap her momma.....if ya don't jump in with the big boys tossin' the P A around like a buncha New York...money is everything...NWO types. He....He,

surely they don't have enough computer power to know I post like this about them....!!!??? That movie, " Nothing but trouble"....bankers....will a banker grope for a dollar...I'm in trouble now, huh.....
  • #14,250
  • Jan 28, 2016 10:30am Jan 28, 2016 10:30am
I'm on mid-long term mind on this. Don't bother >4h Tf. To noisy.

Said so, I thinkwe are in very critical spot, just take a look at Monthly chart.
We are as low as 2008. this is a very strong support.
So, I stay long until 173 area, than will see. It might be the very begging for a nice bullish trend for the next weeks/month.
Attached Image (click to enlarge)
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  • #14,251
  • Jan 28, 2016 10:51am Jan 28, 2016 10:51am
Quoting Geppy
{quote} Hopefully you joined us on this trade!
Hopefully everyone's been in. Like taking candy from a baby.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20160128-133930.png Size: 154 KB
  • #14,252
  • Jan 28, 2016 2:22pm Jan 28, 2016 2:22pm
Geppy do you trade GBP/NZD and GBP/AUD as well? cause is you do we can open up some treads here also, if you don't mind. I see a good move coming soon on both .
  • #14,253
  • Jan 28, 2016 5:13pm Jan 28, 2016 5:13pm
Quoting Gr8tr8r
Geppy do you trade GBP/NZD and GBP/AUD as well? cause is you do we can open up some treads here also, if you don't mind. I see a good move coming soon on both .
I haven't traded either of those pairs, but I'll take a look at the charts.

I'm thinking about opening a new forum dedicated to my trade setups. The idea would be to post the longer analysis on my blog and use the thread for shorter updates for the trades. That way we don't need to jump around in a bunch of different threads, we could just keep it all under one roof. Thoughts on that?

I'd really like to create an environment for like-minded traders that enjoy trading a similar strategy: longer-term swing trades.
check out my blog: forexmademillionaire dot com
  • #14,254
  • Jan 28, 2016 5:26pm Jan 28, 2016 5:26pm
Quoting Geppy
{quote} I haven't traded either of those pairs, but I'll take a look at the charts. I'm thinking about opening a new forum dedicated to my trade setups. The idea would be to post the longer analysis on my blog and use the thread for shorter updates for the trades. That way we don't need to jump around in a bunch of different threads, we could just keep it all under one roof. Thoughts on that? I'd really like to create an environment for like-minded traders that enjoy trading a similar strategy: longer-term swing trades.
That will be great
  • #14,255
  • Jan 28, 2016 5:37pm Jan 28, 2016 5:37pm
Quoting Geppy
{quote} I haven't traded either of those pairs, but I'll take a look at the charts. I'm thinking about opening a new forum dedicated to my trade setups. The idea would be to post the longer analysis on my blog and use the thread for shorter updates for the trades. That way we don't need to jump around in a bunch of different threads, we could just keep it all under one roof. Thoughts on that? I'd really like to create an environment for like-minded traders that enjoy trading a similar strategy: longer-term swing trades.
You know I really like the idea cause i think you can take it all the way ,well for a start Ill be your first buddy in your new trad on forum. I believe we can be a big help to new comers( of course the right ones). any way let me know when and ill support you all the way. Im using my own indis which I created (based on MACD, stochastic and CCI) and I might help you out with different levels ,entry's and exits. cheers.
  • #14,256
  • Jan 28, 2016 5:40pm Jan 28, 2016 5:40pm
awww...once again 39 pips is all we see....I see that number and punch the button.....it ainta goin no more than that....on the chart it looks like a decent move but it's only three pips per candle on a 5M.......
  • #14,257
  • Jan 28, 2016 5:50pm Jan 28, 2016 5:50pm
Quoting Gr8tr8r
{quote} You know I really like the idea cause i think you can take it all the way ,well for a start Ill be your first buddy in your new trad on forum. I believe we can be a big help to new comers( of course the right ones). any way let me know when and ill support you all the way. Im using my own indis which I created (based on MACD, stochastic and CCI) and I might help you out with different levels ,entry's and exits. cheers.
Cool! I used to use MACD and stochastics years ago, but I ditched them. I do chart CCI but use it as supplementary to all my actual technical levels. I mainly just trade off the prevailing trend and support/resistance zones with some fib stuff thrown in for good measure.
check out my blog: forexmademillionaire dot com
  • #14,258
  • Jan 28, 2016 6:03pm Jan 28, 2016 6:03pm
Quoting Geppy
{quote} Cool! I used to use MACD and stochastics years ago, but I ditched them. I do chart CCI but use it as supplementary to all my actual technical levels. I mainly just trade off the prevailing trend and support/resistance zones with some fib stuff thrown in for good measure.
Cool yeap I us them for right entry and exits too (res. and sup. lines) but most of all I like you approach and how you can handle the pressure any way why not let me know when your ready with your busy scandal.oh by the way I'm out and short and I don't know when im going to revers it , lets see.
  • #14,259
  • Jan 28, 2016 6:43pm Jan 28, 2016 6:43pm
OK now im out of my shorts and side line for decision.
  • #14,260
  • Jan 28, 2016 7:06pm Jan 28, 2016 7:06pm
Check out the head and shoulders on the EA 1H
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