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Dragon Riders GBP/JPY

  • #14,441
  • Feb 10, 2016 3:41am Feb 10, 2016 3:41am
166.40 trigger point , if M30 close above ,
Exits == most important part of your strategy
  • #14,442
  • Feb 10, 2016 3:42am Feb 10, 2016 3:42am
data below expectation and the pair still heads north....
  • #14,443
  • Feb 10, 2016 3:42am Feb 10, 2016 3:42am
This current 90 min candle is in a down sequence, the previous 2 were up sequence.
So therefore the next 2 90min candles are in an up sequence.
This 90 min bar started at half past this hour.

Of course it's not that easy and simple.

There are squeezes, reversals and continuation.Fortune is either with or against you. lol
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Forex, awful to watch, AWESOME to play
  • #14,444
  • Feb 10, 2016 3:43am Feb 10, 2016 3:43am
Quoting casino
data below expectation and the pair still heads north....
Mate, the data is for bad old DEC... Those are lagging indicators... Not to mention all eyes on Yellen.
  • #14,445
  • Feb 10, 2016 3:44am Feb 10, 2016 3:44am
Quoting ForexAuthor
{quote} 25 pips... Not suitable for this pair...
then need how big stop loss for this pair ?
Exits == most important part of your strategy
  • #14,446
  • Feb 10, 2016 3:45am Feb 10, 2016 3:45am
Quoting casino
data below expectation and the pair still heads north....
Cable having strong bounce of weekly pivot at 4438

And cable macd day sequence is up bias
Forex, awful to watch, AWESOME to play
  • #14,447
  • Feb 10, 2016 3:47am Feb 10, 2016 3:47am
Quoting edmun1388
{quote} then need how big stop loss for this pair ?
Its completely up to you, if you have smaller SL then you just need to time your entry better...
  • #14,448
  • Feb 10, 2016 3:47am Feb 10, 2016 3:47am
Quoting edmun1388
{quote} then need how big stop loss for this pair ?
Im sure many people have said this. In fact, I just posted this like an hour ago. Unless you're an exceptional scalper, you're in or out 100%. The Dragon moves in huge strides...
  • #14,449
  • Edited 4:26am Feb 10, 2016 4:02am | Edited 4:26am
Quoting ForexAuthor
{quote} Im sure many people have said this. In fact, I just posted this like an hour ago. Unless you're an exceptional scalper, you're in or out 100%. The Dragon moves in huge strides...
I use M30 as main trend and utilize M1 as entry , today I got problem entry becuz just out station back and catch late entry . I prefer trade when BB slim like my girl friend , so my stop loss normally is 25 pips and tergat 50-100-150-200 pips.
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Exits == most important part of your strategy
  • #14,450
  • Feb 10, 2016 4:31am Feb 10, 2016 4:31am
Quoting ForexAuthor
I really shouldn't have posted that yea? Now all the shorts are targeting me
Don't get me wrong. I'm actually long with a TP of 168.15 which is the 38.2 level of wave 4. Then I anticipate it will resume it's downtrend from there.
Lost....
  • #14,451
  • Feb 10, 2016 4:35am Feb 10, 2016 4:35am
Calling all long brethrens...Has our time finally come?
  • #14,452
  • Feb 10, 2016 4:38am Feb 10, 2016 4:38am
Quoting ForexAuthor
Calling all long brethrens...Has our time finally come?
hope break above 167.129 ,
Exits == most important part of your strategy
  • #14,453
  • Feb 10, 2016 4:45am Feb 10, 2016 4:45am
So tempting to close... We must hold on! Anyone care to share TP?
  • #14,454
  • Feb 10, 2016 5:04am Feb 10, 2016 5:04am
Next level 167.58... wait ...wait..
Exits == most important part of your strategy
  • #14,455
  • Feb 10, 2016 5:08am Feb 10, 2016 5:08am
Quoting Feo
buying at 166.31 target weekly S1 at 167.28
closed at 167.28

Expecting breakout above 167.28 only tomorrow, or if breakout happens oday, then tomorrow retrace back to it then up
Forex, awful to watch, AWESOME to play
  • #14,456
  • Feb 10, 2016 5:11am Feb 10, 2016 5:11am
Quoting edmun1388
Next level 167.58... wait ...wait..
Great. Lets hold on... Risking tons of profits here
  • #14,457
  • Feb 10, 2016 5:55am Feb 10, 2016 5:55am
Quoting Pip-Miner
im getting start of wave 5 on daily, oversold on h4, this looks like a reversal coming to me watch out
Miner was correct..
  • #14,458
  • Feb 10, 2016 6:27am Feb 10, 2016 6:27am
Quoting edmun1388
Next level 167.58... wait ...wait..
Edmun you still holding out? In these tough times I need brethrens who stand strong with me.
  • #14,459
  • Feb 10, 2016 6:32am Feb 10, 2016 6:32am
Quoting ForexAuthor
{quote} Edmun you still holding out? In these tough times I need brethrens who stand strong with me.
prey all you want the market doesn't give a rats about you..
  • #14,460
  • Feb 10, 2016 7:03am Feb 10, 2016 7:03am
Quoting Pip-Miner
{quote} prey all you want the market doesn't give a rats about you..
You long?
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