Dragon Riders GBP/JPY | Page 792 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Enter The Dragon - GBP/JPY 2 replies

Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Attachments: Dragon Riders GBP/JPY
Exit Attachments

Dragon Riders GBP/JPY

  • #15,821
  • Apr 4, 2016 1:12pm Apr 4, 2016 1:12pm
Quoting Geppy
{quote} Oh, my bad... I just assumed while in a GBP/JPY thread we talk about GBP/JPY.
.... You should know better here at the Funny Farm my brother ... no? ... ....
Ghost Rider - WWTBMD?
  • #15,822
  • Apr 4, 2016 1:15pm Apr 4, 2016 1:15pm
or you can be extra safe and just move to GU and not deal with the madness that will probably take place at some point. they have to try something at some point if it gets too deep. every major bank out there is trying like hell to lower the value of their currency right now at some point the jpy will break if they let it. its a funding currency...its inevitable
  • #15,823
  • Apr 4, 2016 1:48pm Apr 4, 2016 1:48pm
that's what happens at BOJ intervention.

Inserted Video
  • #15,824
  • Apr 4, 2016 4:14pm Apr 4, 2016 4:14pm
  • #15,825
  • Edited 5:30pm Apr 4, 2016 5:11pm | Edited 5:30pm
Quoting asgcorp
that's what happens at BOJ intervention. https://youtu.be/zDAmPIq29ro
No thats what happens when a guru starts to trade and calls the shots. Uncontrolled risk management and unlimitted margin calls. No discipline at all so. Hah hah

But yeah it can happen. If you worry too much about it why trade? Same scenario to those people that are on loosing positions adding more waiting expecting a BOJ intervention loosing millions. Doesn't matter if you have 100 years experience. Manage your risk.

Funny video.
  • #15,826
  • Apr 4, 2016 5:37pm Apr 4, 2016 5:37pm
Quoting asgcorp
it don't matter which timeframe yous are trading ))) BOJ won't call yous up before intervention.
I disagree. If you trade longer timeframes and long-term trends, then you have a much smaller likelihood of being stopped out of your position.
check out my blog: forexmademillionaire dot com
  • #15,827
  • Apr 4, 2016 5:38pm Apr 4, 2016 5:38pm
Quoting albchr
{quote} .... You should know better here at the Funny Farm my brother ... no? ... ....
I never learn, man. never!
check out my blog: forexmademillionaire dot com
  • #15,828
  • Apr 4, 2016 5:43pm Apr 4, 2016 5:43pm
lol you got to be a bit crazy to be in this forum and trade dragon anyway . Geppy what are your thoughts on this BOJ intervention ?
JPY strength this morning
Attached Image
  • #15,829
  • Edited 6:22pm Apr 4, 2016 6:05pm | Edited 6:22pm
About to bounce from rising trend line, 50 fib from recent bounce, bullish divergence, over sold on 30m, 15m and very close to 1h
lol i just realized i was se eager to post i placed my fibs upside down wither way the 50 is still the 50 lol
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.png Size: 170 KB
  • #15,830
  • Apr 4, 2016 6:14pm Apr 4, 2016 6:14pm
dragon near 2 day daily low, been ranging in this area..
Attached Image (click to enlarge)
Click to Enlarge Name: dragon.PNG Size: 30 KB
  • #15,831
  • Apr 4, 2016 6:18pm Apr 4, 2016 6:18pm
Quoting Pip-Miner
dragon near 2 day daily low, been ranging in this area.. {image}
im not long but it looks like a great place to go long short term with a sl below 158.1
i am now long EJ though and will move my sl to be as soon if i get some decent space
  • #15,832
  • Apr 4, 2016 6:28pm Apr 4, 2016 6:28pm
Quoting raiders
{quote} im not long but it looks like a great place to go long short term with a sl below 158.1 i am now long EJ though and will move my sl to be as soon if i get some decent space
yes, but I think eurjpy is a better bet as eur currently stronger GBP. EURJPY also exact position on the 2 day daily low, see these things are correlated when you analyse closely.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.PNG Size: 27 KB
  • #15,833
  • Apr 4, 2016 6:36pm Apr 4, 2016 6:36pm
Quoting Pip-Miner
{quote} yes, but I think eurjpy is a better bet as eur currently stronger GBP. EURJPY also exact position on the 2 day daily low, see these things are correlated when you analyse closely. {image}
both pairs are very correlated. but the reason i went long EJ instead of GJ is that while i do believe GJ will be pulling back some, with EJ i have a clear tend line that i can base my trade around and a clear upper target that I can use. I don't have that in GJ so ill pass on it. But if I did, I would drop the hammer on it too lol
but yea, for me and my style, EJ is as close to perfect as i think ill find during the asian session so...
  • #15,834
  • Apr 4, 2016 7:00pm Apr 4, 2016 7:00pm
Quoting Pip-Miner
lol you got to be a bit crazy to be in this forum and trade dragon anyway . Geppy what are your thoughts on this BOJ intervention ? JPY strength this morning {image}
Not giving the potential intervention much thought. Sticking to my trade plan.
check out my blog: forexmademillionaire dot com
  • #15,835
  • Apr 4, 2016 7:04pm Apr 4, 2016 7:04pm
Quoting raiders
About to bounce from rising trend line, 50 fib from recent bounce, bullish divergence, over sold on 30m, 15m and very close to 1h lol i just realized i was se eager to post i placed my fibs upside down wither way the 50 is still the 50 lol {image}
The overall trend doesn't concern you?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-04-04 19.04.03.png Size: 123 KB
check out my blog: forexmademillionaire dot com
  • #15,836
  • Edited 8:06pm Apr 4, 2016 7:07pm | Edited 8:06pm
Quoting Geppy
{quote} The overall trend doesn't concern you? {image}
nope. i know its going to go down again, I'm just not sold on it doing it just yet
also, theres a chance i had the wrong line, but the last resort line is sitting just below. i don't think it will break anything during asian session
edit...sorry it took so long had to run to the store.....the blue line is the last resort line that i don't see price passing
Attached Image (click to enlarge)
Click to Enlarge Name: EJ240.png Size: 187 KB
  • #15,837
  • Apr 4, 2016 8:02pm Apr 4, 2016 8:02pm
Right on with this one
Quoting maflip
{quote} No thats what happens when a guru starts to trade and calls the shots. Uncontrolled risk management and unlimitted margin calls. No discipline at all so. Hah hah But yeah it can happen. If you worry too much about it why trade? Same scenario to those people that are on loosing positions adding more waiting expecting a BOJ intervention loosing millions. Doesn't matter if you have 100 years experience. Manage your risk. Funny video.
the market can remain irrational longer than you can remain solvent
  • #15,838
  • Apr 4, 2016 11:24pm Apr 4, 2016 11:24pm
Is GJ will still going down?
I just close my GJ @157.84 because I see UJ price has touched 110.70 which is strong support (maybe).
Don't trust me. I'm still newbie
  • #15,839
  • Apr 4, 2016 11:29pm Apr 4, 2016 11:29pm
Quoting niubee
Is GJ will still going down? I just close my GJ @157.84 because I see UJ price has touched 110.70 which is strong support (maybe).
the BOJ comments In this thread has put me off trading all jpy pairs for now, but I follow a strict risk management protocol.
  • #15,840
  • Apr 4, 2016 11:30pm Apr 4, 2016 11:30pm
Break of 158.50-40 horizontal support seems fetching the GBPJPY prices further down towards 156.50 area.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-ProH4.png Size: 36 KB
5 traders viewing now