im new to trading Gbp/Jpy but im assuming Usd/Jpy sets the direction for it 90% of the time?
i figured it'd correlate more to Gbp/Usd but apparently not.
i figured it'd correlate more to Gbp/Usd but apparently not.
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
DislikedMaybe I should start a lesson on how to trade trend lines. Ah never mind i'm not starting my own thread. Friend you don't draw a trend line if a swing high or low is not yet taken out. If either one is not yet taken out it's not a trend. Also, be careful, you might just be trading a correctional ABCD pattern. On post 16917 see how I traded EU short using a break of an up trend. Notice those boxes?Ignored
DislikedHere's a buy setup on GBPJPY somewhere below the break of the line, currently I have it around 154.85 or so but might have to drag it up a bit higher depending on how things go. {image}Ignored
DislikedJoking from previous page aside I hgihly recommend that you listen to maflip's advice on trendlinesIgnored
DislikedHere's a buy setup on GBPJPY somewhere below the break of the line, currently I have it around 154.85 or so but might have to drag it up a bit higher depending on how things go. {image}Ignored
DislikedGranted its a smallish snap shot but that looks more like a sell setup than a buy to me. youve got a bunch of lower pivots there so selling the break of that rising line would be much safer than trying to catch the price on the way down. This pair is a beast dude. Its most easily seem on higher time frames. As far as im concerned though there are only 2 buy opps right now on this pair that are "safe" and 1 is down around 154.2 and the other is up around 155.8 I personally dont think i would be buying the 155.8 break because i like to buy currencies...Ignored
Disliked{quote} raiders, my EURAUD is about 70 pips in profit and I'm still holding on to it unless there's damn news coming out. {image}Ignored
Dislikedohyeah .. long from 154.966 hold. .. ohyeah .. * today got 1 loss .. -32 pips due after trade short , no internet access ..when come back .. lossIgnored
DislikedI don't see any buy... only ej is sideway, I see uj who need to drop 150 pips, gj maybe can go till 155,7 range and then down again and aj seem sideway but still in down trend , or maybe I'm doing something wrong.... will seeIgnored
DislikedI don't see any buy... only ej is sideway, I see uj who need to drop 150 pips, gj maybe can go till 155,7 range and then down again and aj seem sideway but still in down trend , or maybe I'm doing something wrong.... will seeIgnored