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Dragon Riders GBP/JPY

  • #14,861
  • Mar 7, 2016 8:10am Mar 7, 2016 8:10am
Quoting edmun1388
{quote} dont be so happy 1st , if this is a trap , then I will teach you how to write chinese word " dead".
ok cool ))) I'm not shorting just waiting for a decent enough pullback from recent highs to get back in long.
  • #14,862
  • Mar 7, 2016 8:13am Mar 7, 2016 8:13am
Quoting edmun1388
{quote} dont be so happy 1st , if this is a trap , then I will teach you how to write chinese word " dead".
Yeah I have heard of that trap we call it the B trap due to ABC pattern. Thats why we gotta dance with the market.
  • #14,863
  • Mar 7, 2016 8:17am Mar 7, 2016 8:17am
This is probably what you are suspecting... Yeah it happens. That's why we have a stop loss.
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Click to Enlarge Name: Screenshot1.png Size: 40 KB
  • #14,864
  • Edited 9:31am Mar 7, 2016 9:10am | Edited 9:31am
same London moves as usual....stuffed our socks....legal to take Monday off....
  • #14,865
  • Mar 7, 2016 9:15am Mar 7, 2016 9:15am
Quoting Gbp/jpy
same as usual....stuffed our socks....legal to take Monday off....
Yeah I did not re enter short though so I am good I'm still up for today. It seems same time as last time. Except this time is not continuation they decided to reverse it.
  • #14,866
  • Mar 7, 2016 9:20am Mar 7, 2016 9:20am
today I learn 1 thing - know detect the trap - write on my book
* last week , 5 days 6 trap rofl
Exits == most important part of your strategy
  • #14,867
  • Mar 7, 2016 9:24am Mar 7, 2016 9:24am
Quoting edmun1388
today I learn 1 thing - know detect the trap - write on my book
I haven't figured out how to detect the trap yet every time if you figure out how to detect it all the time before it happens let me know. hah hah

Usually we know it's a B Trap AFTER it happens.
  • #14,868
  • Mar 7, 2016 9:26am Mar 7, 2016 9:26am
Quoting maflip
{quote} I haven't figured out how to detect the trap yet every time if you figure out how to detect it all the time before it happens let me know. hah hah Usually we know it's a B Trap AFTER it happens.
wao , after is useless hahaha , but mine is detect before it happens..
Exits == most important part of your strategy
  • #14,869
  • Mar 7, 2016 9:28am Mar 7, 2016 9:28am
Quoting edmun1388
{quote} wao , after is useless hahaha , but mine is detect before it happens..
Oh share its gonna make us Millions
  • #14,870
  • Mar 7, 2016 9:30am Mar 7, 2016 9:30am
ok not buying into this fake crap movement on GU/GJ. Will look to re-enter long both items upon last week's 50% pullback.
this move is as fake as pamella anderson's tits.
  • #14,871
  • Mar 7, 2016 9:31am Mar 7, 2016 9:31am
Quoting maflip
{quote} Oh share its gonna make us Millions
29/2 trap terrible ... ya , now I see the trap , may be not all..will try find out
3/3,4/3 also got trap

** well , tomorrow I will try detect those trap , and then wait for big guy spike it and follow them .
*** found that the longer the trap , the bigger the movement later ..cheers
Exits == most important part of your strategy
  • #14,872
  • Mar 7, 2016 9:33am Mar 7, 2016 9:33am
Quoting edmun1388
{quote} 29/2 trap terrible ... ya , now I see the trap , may be not all..will try find out 3/3,4/3 also got trap
Correct but as long as you manage your money well. And winners are hella lot more than loosers we will be ok.
  • #14,873
  • Mar 7, 2016 10:29am Mar 7, 2016 10:29am
Quoting asgcorp
ok not buying into this fake crap movement on GU/GJ. Will look to re-enter long both items upon last week's 50% pullback. this move is as fake as pamella anderson's tits.
If THIS is Pamela Anderson's TITS who cares if its a fake. Except she looks like a grandma now...
  • #14,874
  • Mar 7, 2016 10:35am Mar 7, 2016 10:35am
The down move is fake and trap , the pattern I record down , if they come again I will able to detect fake down move and also the short trap by market maker.
* they purposely move price below 160.558 , then trap short player from there , i record the pattern down already
Exits == most important part of your strategy
  • #14,875
  • Mar 7, 2016 10:45am Mar 7, 2016 10:45am
Quoting edmun1388
The down move is fake and trap , the pattern I record down , if they come again I will able to detect fake down move and also the short trap by market maker. * they purposely move price below 160.558 , then trap short player from there , i record the pattern down already
It's a fake out after it crossed above the resistance line I drew. Others with a lot of money would trade a stop and reverse at that area. I would have hit the buy stop as well I just didn't do it it's because I already hit my goal today. Thing is sometimes it may reverse after that resistance is broken or it can range. I decided not to buy above the arrow I drew because it is Monday and my goal is already met also the fear that it may range. Trust me no pattern or indicator will tell you for certain when a fake out is coming.
  • #14,876
  • Mar 7, 2016 10:48am Mar 7, 2016 10:48am
Quoting maflip
{quote} It's a fake out after it crossed above the resistance line I drew. Others with a lot of money would trade a stop and reverse at that area. I would have hit the buy stop as well I just didn't do it it's because I already hit my goal today. Thing is sometimes it may reverse after that resistance is broken or it can range. I decided not to buy above the arrow I drew because it is Monday and my goal is already met. Trust me no pattern or indicator will tell you for certain when a fake out is coming.
Its not indicator , but price bar pattern !!! M30
* I will try it tomorrow
Exits == most important part of your strategy
  • #14,877
  • Mar 7, 2016 10:50am Mar 7, 2016 10:50am
Quoting edmun1388
{quote} Its not indicator , but price bar pattern !!! M30 * I will try it tomorrow
Ok if so then you have found the holy grail
  • #14,878
  • Mar 7, 2016 10:52am Mar 7, 2016 10:52am
Quoting maflip
{quote} I haven't figured out how to detect the trap yet every time if you figure out how to detect it all the time before it happens let me know. hah hah Usually we know it's a B Trap AFTER it happens.
its a very nervous trade for me and i saw the wave count but it was in the middle of nowhere for me so i did not take the trade. I expected it to be closer to 160. But it was a text book wave 4 pullback followed by the beginning of the 5 waves wave 5 like you illustrated on your chart.
  • #14,879
  • Edited 11:05am Mar 7, 2016 10:54am | Edited 11:05am
Quoting maflip
{quote} Ok if so then you have found the holy grail
Haha , must be a joke , no holy grail exit .
* time type , tp1 162.093
** 162.250 - 1/3 year price
may be someone modify the code below to betetr mq4 since i no good in coding indicator
** 162.427 pls , GJ vigra
Attached File(s)
File Type: mq4 #Yearly dividenLine.mq4   6 KB | 350 downloads
Exits == most important part of your strategy
  • #14,880
  • Mar 7, 2016 10:58am Mar 7, 2016 10:58am
Quoting raiders
{quote} its a very nervous trade for me and i saw the wave count but it was in the middle of nowhere for me so i did not take the trade. I expected it to be closer to 160. But it was a text book wave 4 pullback followed by the beginning of the 5 waves wave 5 like you illustrated on your chart.
It's fine I took a little bit on that trade +19 pips. I should have reversed a buy though but I didn't.
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