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Dragon Riders GBP/JPY

  • #17,981
  • Jun 5, 2016 9:18pm Jun 5, 2016 9:18pm
that Tokyo Alarm Clock.....ayatollah of crapolla......say no more mate....she really goes....she's a real sport, say no more then

I have photographs....he ....he
  • #17,982
  • Jun 5, 2016 9:34pm Jun 5, 2016 9:34pm
will wait for the euro session for any more moves , the the gap was never going to close in the asian , but the euro different story. will look for another short in that session for another 150 pips.
  • #17,983
  • Jun 5, 2016 9:41pm Jun 5, 2016 9:41pm
Quoting Pip-Miner
will wait for the euro session for any more moves , the the gap was never going to close in the asian , but the euro different story. will look for another short in that session for another 150 pips.
So you assume gap will cover in EUR session, at which point you will short? Is that correct?
@GJscalper I've turned a new leaf. No more trolling.
  • #17,984
  • Jun 5, 2016 9:57pm Jun 5, 2016 9:57pm
Long now activated on GJ. SL is a close at 153.451 or lower on 1m
Attached Image (click to enlarge)
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@GJscalper I've turned a new leaf. No more trolling.
  • #17,985
  • Jun 5, 2016 9:57pm Jun 5, 2016 9:57pm
233 pips....everyone should play the Tokyo Alarm Clock trade on a Sunday.....
  • #17,986
  • Jun 5, 2016 10:58pm Jun 5, 2016 10:58pm
Quoting GJscalper
{quote} So you assume gap will cover in EUR session, at which point you will short? Is that correct?
there will be higher volume to test major resistance levels or break them and a short can be taken of a rejection, doesnt have to be the gap
  • #17,987
  • Jun 5, 2016 11:01pm Jun 5, 2016 11:01pm
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We can see from entry (153.912) GJ moved up over 30 pips higher, but failed to hit the tp at 154.373 However GJ is still a scalp buy based on my system unless it closes at or below 153.451 on the 1m, in which we would then reverse to a sell. Until then long GJ if it drops to 153.683.

If one reviews my TE you will see I took the long after closing the sell for a loss of around 4% total account loss, then reverse to the buy (Which is what I recommened) and close that order for 8% profit.
@GJscalper I've turned a new leaf. No more trolling.
  • #17,988
  • Jun 5, 2016 11:03pm Jun 5, 2016 11:03pm
Quoting Pip-Miner
{quote} there will be higher volume to test major resistance levels or break them and a short can be taken of a rejection, doesnt have to be the gap
My question is how do you know what "will" be? Assuming that you are correct, (which of course will be a guess) who is to say that the price won't continue to spike across the "resistance" and head to the gap being filled?
@GJscalper I've turned a new leaf. No more trolling.
  • #17,989
  • Jun 5, 2016 11:16pm Jun 5, 2016 11:16pm
just added a lot to my sell. TP is 150.000 now.
  • #17,990
  • Jun 5, 2016 11:34pm Jun 5, 2016 11:34pm
Quoting GJscalper
{quote} My question is how do you know what "will" be? Assuming that you are correct, (which of course will be a guess) who is to say that the price won't continue to spike across the "resistance" and head to the gap being filled?
that is a possibility. Price may reach the gap and break it but my prefered option is the short over the buy in any instance.
  • #17,991
  • Jun 6, 2016 12:02am Jun 6, 2016 12:02am
Quoting Pip-Miner
{quote} that is a possibility. Price may reach the gap and break it but my prefered option is the short over the buy in any instance.
Understood. Good luck friend.
@GJscalper I've turned a new leaf. No more trolling.
  • #17,992
  • Jun 6, 2016 12:28am Jun 6, 2016 12:28am
forming pin on the daily, London will be interesting
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  • #17,993
  • Jun 6, 2016 12:39am Jun 6, 2016 12:39am
Quoting nimbinsstone
forming pin on the daily, London will be interesting {image}
If you are trading daily chart? Shouldn't you take a position once the daily candle closes?
@GJscalper I've turned a new leaf. No more trolling.
  • #17,994
  • Jun 6, 2016 1:05am Jun 6, 2016 1:05am
operative word "forming"
  • #17,995
  • Jun 6, 2016 1:51am Jun 6, 2016 1:51am
Quoting nimbinsstone
operative word "forming"
Thank you for pointing that out. However, if one is trading a specific time frame, what is "forming" is nothing but noise. It would be like trading the 1 hour and looking at the tick charts.
@GJscalper I've turned a new leaf. No more trolling.
  • #17,996
  • Jun 6, 2016 1:54am Jun 6, 2016 1:54am
Expecting move up to 157.67 now

So London will break 154 upwards after touching 153.84
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Forex, awful to watch, AWESOME to play
  • #17,997
  • Jun 6, 2016 1:58am Jun 6, 2016 1:58am
Quoting Feo
Expecting move up to 157.67 now So London will break 154 upwards after touching 153.84 {image}
You have an upside bias, but where is your sl for this upside bias. The price has now hit 153.84 so you say 154.00 will be the next price to be hit, but how far will it drop before you bail or change your opinion?
@GJscalper I've turned a new leaf. No more trolling.
  • #17,998
  • Jun 6, 2016 2:08am Jun 6, 2016 2:08am
Much below today's low, the pair would seem to move back into "intervention territory" And it might not come from Japan.
  • #17,999
  • Jun 6, 2016 2:11am Jun 6, 2016 2:11am
I'll come back for a look in an hr
  • #18,000
  • Jun 6, 2016 2:12am Jun 6, 2016 2:12am
Quoting GJscalper
{quote} You have an upside bias, but where is your sl for this upside bias. The price has now hit 153.84 so you say 154.00 will be the next price to be hit, but how far will it drop before you bail or change your opinion?
There's no low to reach before I change my bias,

Weekly S1 is a buy, whilst weekly R1 is a sell/
Cable has bounced off the S1 at 4363, meaning price goes p to Pivot now
Forex, awful to watch, AWESOME to play
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