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Dragon Riders GBP/JPY

  • #16,001
  • Apr 6, 2016 7:25am Apr 6, 2016 7:25am
Quoting MaryAnne
{quote} But you are counting EW manually right? Not using some indicator? (I think u only use zigzag and not indicator to tell u whether its Wave 1 or something). Yes, agree with you EW is more of an art, and usually the EW guys have some kind of bias in the wave analysis. Like they say Wave 4 trough should not exceed(be lower) Wave 2 in an uptrend yet I have seen EW indicators doing that! Surprise. See? I knew it! You had to be a pogi


I'm done for today. Time for dinner. Good luck on your trading.
  • #16,002
  • Apr 6, 2016 7:31am Apr 6, 2016 7:31am
Quoting maflip
Oh wow look at the spike up on UJ.
Saw that but not complaining
thanks to it, I hit TP (50 pips on GJ). Am out now. There to scalp, not to be a "hero"

ps:
I am adjusting stop on UJ short to be safe as per your advice. maraming salamat po.
And enjoy your meal
  • #16,003
  • Apr 6, 2016 8:22am Apr 6, 2016 8:22am
Quoting Pip-Miner
{quote} was just looking at the dragon chart and worked out it has fallen 400 pips last 2 days after I sold it, all good im trading some other pairs to keep my mind of it
You even asked me what I thought about BoJ intervening and I told you I wasn't worried about it
check out my blog: forexmademillionaire dot com
  • #16,004
  • Apr 6, 2016 8:28am Apr 6, 2016 8:28am
And ZeroHedge had this a bit ago btw:

http://www.zerohedge.com/news/2016-0...er-2014-levels
check out my blog: forexmademillionaire dot com
  • #16,005
  • Apr 6, 2016 2:05pm Apr 6, 2016 2:05pm
Quoting Geppy
And ZeroHedge had this a bit ago btw: http://www.zerohedge.com/news/2016-0...er-2014-levels
So much for ZH story. UJ still cant get above 110...
dont know what kind of "intervention" is this.
  • #16,006
  • Apr 6, 2016 6:25pm Apr 6, 2016 6:25pm
Quoting MaryAnne
{quote} So much for ZH story. UJ still cant get above 110... dont know what kind of "intervention" is this.
ZH just reports facts, they weren't speculating.

But yes, everyone seems worried about intervention on these threads but the joke is the BoJ has been intervening for a long time and it's failed to work except for a very short period of time.

Good thing I tune all the BS out that these threads spew.
check out my blog: forexmademillionaire dot com
  • #16,007
  • Apr 6, 2016 6:30pm Apr 6, 2016 6:30pm
Quoting Geppy
{quote} ZH just reports facts, they weren't speculating. But yes, everyone seems worried about intervention on these threads but the joke is the BoJ has been intervening for a long time and it's failed to work except for a very short period of time. Good thing I tune all the BS out that these threads spew.
you got it on the spot , toxic to trading some crap in this thread. Just read the press release if needed he said what lot crap. this article tells the story
http://humbletraders.com/how-commitm...sdjpy-decline/
  • #16,008
  • Edited 7:17pm Apr 6, 2016 6:37pm | Edited 7:17pm
That's nothing what's best is even after breaking UJ's 110 level 94% of people in FF is still long

Without intervention the fractal break to the downside on the weekly UJ chart has a 1000 pip drop target.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #16,009
  • Apr 6, 2016 6:42pm Apr 6, 2016 6:42pm
still sellin....only because I don't know how fast the momentum could reverse with that Bollinger breakout taking two weeks to expand...
he he ...longest wait ever
  • #16,010
  • Apr 6, 2016 6:43pm Apr 6, 2016 6:43pm
Quoting maflip
That's nothing what's best is even after breaking UJ's 110 level 94% of people in FF is still long Without intervention the fractal break to the downside on the weekly UJ chart has a 1000 pip drop target. Kuroda will speak later they are hoping he will say something to intervene.
You mean "long", I know... just clearing it up for others:

Attached Image


And yes, I love seeing all the sheep still holding their long positions. That means there's plenty of people who will have to cover and fuel the slide south.

Now when everyone starts talking about getting short and riding the train south, that's when I'll start getting out of my shorts
check out my blog: forexmademillionaire dot com
  • #16,011
  • Apr 6, 2016 6:47pm Apr 6, 2016 6:47pm
Quoting Geppy
{quote} You mean "long", I know... just clearing it up for others: {image} And yes, I love seeing all the sheep still holding their long positions. That means there's plenty of people who will have to cover and fuel the slide south. Now when everyone starts talking about getting short and riding the train south, that's when I'll start getting out of my shorts
Yes yes long edited

"Now when everyone starts talking about getting short and riding the train south, that's when I'll start getting out of my shorts " Yeah hah hah hah

So we better be quiet then and do the opposite convince people to keep adding long.
  • #16,012
  • Apr 6, 2016 7:05pm Apr 6, 2016 7:05pm
Quoting maflip
{quote} Yes yes long edited "Now when everyone starts talking about getting short and riding the train south, that's when I'll start getting out of my shorts " Yeah hah hah hah So we better be quiet then and do the opposite convince people to keep adding long.
well, if you work on the rule most small retail traders don't make money in forex you are spot on
  • #16,013
  • Apr 6, 2016 7:35pm Apr 6, 2016 7:35pm
Support broken... Let's see where the daily closes.

https://www.tradingview.com/x/Xzna7xo2/
Follow me at andrewfx2020 (dot) com
  • #16,014
  • Apr 6, 2016 8:36pm Apr 6, 2016 8:36pm
Annnnnd we just cracked 154.00

check out my blog: forexmademillionaire dot com
  • #16,015
  • Apr 6, 2016 10:32pm Apr 6, 2016 10:32pm
After Kuroda's speech nothing happened, so it looks like a way to 105 for UJ is opened now, and maybe 148 for GJ
  • #16,016
  • Apr 6, 2016 10:44pm Apr 6, 2016 10:44pm

Quoting Geppy
Annnnnd we just cracked 154.00
the market can remain irrational longer than you can remain solvent
  • #16,017
  • Apr 6, 2016 11:26pm Apr 6, 2016 11:26pm
Attached Image (click to enlarge)
Click to Enlarge Name: gj7.4.PNG Size: 24 KB

From my blog:


GBPJPY long trade approaching
On the 15 min chart, gbpjpy has been away from the 200sma for 400 candles, which is very overextended. There is bullish divergence on the 1 hr chart, and I'm just waiting for it to come out of oversold before buying. 155.30 looks a good target.
  • #16,018
  • Apr 7, 2016 12:54am Apr 7, 2016 12:54am
Quoting Pip-Miner
{quote} the BOJ comments In this thread has put me off trading all jpy pairs for now, but I follow a strict risk management protocol.
Yen pair really confusing.
When I'm in the trade I lost.
But when I'm out of the trade, it down > 200 pips

Trade other pairs
Don't trust me. I'm still newbie
  • #16,019
  • Apr 7, 2016 1:00am Apr 7, 2016 1:00am
Quoting niubee
{quote} Yen pair really confusing. When I'm in the trade I lost. But when I'm out of the trade, it down > 200 pips Trade other pairs
My first post here so. My trading really improved when I stopped using indicators. Give it a try. Well see hopefully my trading profits continue. Lately I've been trying to get more pips on a demo. Gonna try it on this live account now. I was scalping at first now I'm gonna try to move away from scalping.
  • #16,020
  • Apr 7, 2016 1:52am Apr 7, 2016 1:52am
Quoting Maimai
{quote} My first post here so. My trading really improved when I stopped using indicators. Give it a try. Well see hopefully my trading profits continue. Lately I've been trying to get more pips on a demo. Gonna try it on this live account now. I was scalping at first now I'm gonna try to move away from scalping.
you should check out Geppy's thread for blog swing trades, if done right it's a cash cow!
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