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Dragon Riders GBP/JPY

  • #14,781
  • Mar 3, 2016 6:39am Mar 3, 2016 6:39am
Here we go again... Been too profitable for the longs lately.
Will it work or will it bust? We will find out...
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  • #14,782
  • Mar 3, 2016 6:46am Mar 3, 2016 6:46am
long hm big resist 161 i 'm not sure bad pmi yesterday and today ithink short ist the right choice.maybe sort term long to 161 cuse it can touch the resist once again today.
  • #14,783
  • Mar 3, 2016 6:49am Mar 3, 2016 6:49am
Yeah we will see. As for now it's in neutral area. Waiting for a break.
  • #14,784
  • Mar 3, 2016 6:56am Mar 3, 2016 6:56am
Now direction up
below 159.405 direction down .
Mean === set stop loss below 159.405 , if hit 88.
Exits == most important part of your strategy
  • #14,785
  • Mar 3, 2016 6:58am Mar 3, 2016 6:58am
LOL 81% of people are short. Is the herd going to be right today?
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  • #14,786
  • Mar 3, 2016 7:05am Mar 3, 2016 7:05am
Quoting edmun1388
Now direction up below 159.405 direction down . Mean === set stop loss below 159.405 , if hit 88.
Thats a big stop loss what time frame are you trading?
  • #14,787
  • Mar 3, 2016 7:06am Mar 3, 2016 7:06am
Quoting maflip
{quote} Thats a big stop loss what time frame are you trading?
Oh , this stop loss is for my wife trading . so that she can trading + cooking
Exits == most important part of your strategy
  • #14,788
  • Mar 3, 2016 7:10am Mar 3, 2016 7:10am
Quoting edmun1388
{quote} Oh , this stop loss is for my wife trading . so that she can trading + cooking
  • #14,789
  • Mar 3, 2016 7:14am Mar 3, 2016 7:14am
Quoting maflip
{quote}
she use my STOP loss strategy daily get 100 pips lolz .
* today look like got some down movement , down price look longer stay ..
Exits == most important part of your strategy
  • #14,790
  • Mar 3, 2016 7:23am Mar 3, 2016 7:23am
Which one is going to be correct. H1 or M5?
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  • #14,791
  • Mar 3, 2016 7:32am Mar 3, 2016 7:32am
If they touch 160.080 I'm cancelling my buy stop.
  • #14,792
  • Mar 3, 2016 7:43am Mar 3, 2016 7:43am
Hold long with pressure
Exits == most important part of your strategy
  • #14,793
  • Mar 3, 2016 7:45am Mar 3, 2016 7:45am
Quoting edmun1388
Hold long with pressure
Yes so far still in play they haven't broken the pattern yet. If they break it then... See ya on Monday
  • #14,794
  • Mar 3, 2016 8:14am Mar 3, 2016 8:14am
As long as the gbpjpy doesnt close above 160.48 area then think the bears are still in play.. alot of resistance at that level.. although support is forming around 160.20.. a break below of this range would be just delightful.. in short at 160.46 stops at 160.66 and profit target at 159.70

Peace! x
  • #14,795
  • Mar 3, 2016 8:17am Mar 3, 2016 8:17am
Quoting singth
As long as the gbpjpy doesnt close above 160.48 area then think the bears are still in play.. alot of resistance at that level.. although support is forming around 160.20.. a break below of this range would be just delightful.. in short at 160.46 stops at 160.66 and profit target at 159.70 Peace! x
Let's just say both of them are still in play that is why it's not yet moving. But if they touch below that trend line means for me no entry next trade.
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  • #14,796
  • Mar 3, 2016 8:30am Mar 3, 2016 8:30am
This market today:

Inserted Video
  • #14,797
  • Mar 3, 2016 8:39am Mar 3, 2016 8:39am
Quoting Monteverde
This market today: https://www.youtube.com/watch?v=ftlfPb0gyxI
hah hah
  • #14,798
  • Mar 3, 2016 8:55am Mar 3, 2016 8:55am
Quoting edmun1388
Hold long with pressure
Edmund we are looking at the wrong pair.
I hope GJ follows suit
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  • #14,799
  • Mar 3, 2016 9:32am Mar 3, 2016 9:32am
TP 1 = 160.913 then breakeven stop plus trail. Anyone else long?
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  • #14,800
  • Mar 3, 2016 9:41am Mar 3, 2016 9:41am
Quoting maflip
TP 1 = 160.913 then breakeven stop plus trail. Anyone else long? {image}
Yes. Im long. Looking at same TP as you. With my finger on the trigger as London will close in 15 min
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