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Dragon Riders GBP/JPY

  • #14,261
  • Jan 28, 2016 7:24pm Jan 28, 2016 7:24pm
Crazy spike up over 171.00 there real quick. The BoJ statement is expected at any time... gotta wonder why we just spiked higher there before the release.
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  • #14,262
  • Jan 28, 2016 7:25pm Jan 28, 2016 7:25pm
Quoting Geppy
Crazy spike up over 171.00 there real quick. The BoJ statement is expected at any time... gotta wonder why we just spiked higher there before the release.
Spiking again! Sure feels like someone knows something ahead of time, huh?
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  • #14,263
  • Jan 28, 2016 7:26pm Jan 28, 2016 7:26pm
Quoting Geppy
{quote} Spiking again! Sure feels like someone knows something ahead of time, huh?
ForexLive has this headline: "Nikkei says BOJ discusses negative interest rates"

http://news.forexlive.com/!/nikkei-s...rates-20160129
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  • #14,264
  • Jan 28, 2016 7:27pm Jan 28, 2016 7:27pm
100 pips down in ten seconds......what was that....oh, thanks geppy, you're on the ball....

I knew it was just asia cause Gold and oil held steady....
  • #14,265
  • Jan 28, 2016 7:30pm Jan 28, 2016 7:30pm
Quoting Gbp/jpy
100 pips down in ten seconds......what was that....oh, thanks geppy, you're on the ball.... I knew it was just asia cause Gold and oil held steady....
I have a feeling we're preparing for launch. Let's hope so!
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  • #14,266
  • Jan 28, 2016 7:35pm Jan 28, 2016 7:35pm
I was just looking at that slo sto while it went back up 80 pips....so....looks like up on the 15 M
  • #14,267
  • Jan 28, 2016 7:41pm Jan 28, 2016 7:41pm
Quoting Geppy
{quote} I have a feeling we're preparing for launch. Let's hope so!
you got your wish buddy, good job I just closed my longs but way too soon.can watch the market like this.
  • #14,268
  • Jan 28, 2016 7:41pm Jan 28, 2016 7:41pm
WOW!

I'm out all positions at 174.00 -- yes, I changed my TP to +100 pips because of what I was seeing in price action just before the announcement.

WOOOO what a trade!
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  • #14,269
  • Jan 28, 2016 7:43pm Jan 28, 2016 7:43pm
Quoting Geppy
WOW! I'm out all positions at 174.00 -- yes, I changed my TP to +100 pips because of what I was seeing in price action just before the announcement. WOOOO what a trade!

Beautiful call! Congrats to you sir.
  • #14,270
  • Jan 28, 2016 7:43pm Jan 28, 2016 7:43pm
Quoting Gr8tr8r
{quote} you got your wish buddy, good job I just closed my longs but way too soon.can watch the market like this.
Thanks man, I juiced it for an extra 100 pips (see last post).

I'll post a screenshot of the exits soon in case some troll comes trying to call BS.

I'd advise anyone in longs to GET OUT with your profit now. It may run further, but the volatility at this point isn't worth it IMO. I may look to get in again lower either on a volatile spike down or once things have settled, but I'm pretty happy with the result
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  • #14,271
  • Jan 28, 2016 7:48pm Jan 28, 2016 7:48pm
For the trolls... these were not ALL my trades (just the ones that fit on my phone's screen). All said and done I cleared about $2,200 on this trade. I hope some of you played along with me on it!

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2826.PNG Size: 167 KB
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  • #14,272
  • Jan 28, 2016 7:49pm Jan 28, 2016 7:49pm
Quoting DasPips
{quote} Beautiful call! Congrats to you sir.
Thanks, bud. It was a hell of a trade for sure. And hey, we still had an entire US trading session before the week ended. We hit TP way ahead of schedule
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  • #14,273
  • Jan 28, 2016 7:52pm Jan 28, 2016 7:52pm
Quoting Geppy
{quote} Thanks man, I juiced it for an extra 100 pips (see last post). I'll post a screenshot of the exits soon in case some troll comes trying to call BS. I'd advise anyone in longs to GET OUT with your profit now. It may run further, but the volatility at this point isn't worth it IMO. I may look to get in again lower either on a volatile spike down or once things have settled, but I'm pretty happy with the result
with BOJ announcement differently its going to be a good up trend in the near future but as you said with lot of volatility. and for me I got out at 173.07 but got in at 170 40. hay but no complain..
  • #14,274
  • Jan 28, 2016 7:55pm Jan 28, 2016 7:55pm
Quoting Gr8tr8r
{quote} with BOJ announcement differently its going to be a good up trend in the near future but as you said with lot of volatility. and for me I got out at 173.07 but got in at 170 40. hay but no complain..
Yeah, that's why I always stress trading one's trade plan. I outlined my trade plan the other day and mostly stuck with it... quick adjustment on the TP.

It's tempting to try and exit early and rebuy during pullbacks. I'm susceptible to that too. But I find whenever I do that I end up missing my re-entry or exiting too early and having to re-enter where I exited the trade in the first place. Basically, you're usually better off just staying patient and holding your trade.
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  • #14,275
  • Jan 28, 2016 7:56pm Jan 28, 2016 7:56pm
but now.....what do we do for fun on a Friday open.......
  • #14,276
  • Jan 28, 2016 7:58pm Jan 28, 2016 7:58pm
Quoting Gbp/jpy
but now.....what do we do for fun on a Friday open.......
HAHA, so true!

I may look to start scooping up some more GBPJPY again, but not sure. I may just use the time to stalk the next big trade... got some ideas brewing already but nothing down on paper yet.
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  • #14,277
  • Jan 28, 2016 8:01pm Jan 28, 2016 8:01pm
Quoting Geppy
{quote} Yeah, that's why I always stress trading one's trade plan. I outlined my trade plan the other day and mostly stuck with it... quick adjustment on the TP. It's tempting to try and exit early and rebuy during pullbacks. I'm susceptible to that too. But I find whenever I do that I end up missing my re-entry or exiting too early and having to re-enter where I exited the trade in the first place. Basically, you're usually better off just staying patient and holding your trade.
yeah exactly but funny after all thees years sometime I get emotional and as you said I miss the exit. well we learn every day
  • #14,278
  • Jan 28, 2016 8:01pm Jan 28, 2016 8:01pm
my broker Exness have 110 Spreads and killed my Account
  • #14,279
  • Jan 28, 2016 8:07pm Jan 28, 2016 8:07pm
Quoting sameerbiz
my broker Exness have 110 Spreads and killed my Account
hey Sam, you deserve better....I see 3.5 jumping fast to 4.5
  • #14,280
  • Jan 28, 2016 8:09pm Jan 28, 2016 8:09pm
Well it was very Strange ActivTrader had normal Spreads and this Stupid broker Exness had 110 spreads its ok just learned a lesson never deal with those Stupid brokers
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