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Dragon Riders GBP/JPY

  • #18,201
  • Jun 10, 2016 1:36pm Jun 10, 2016 1:36pm
Iīd call that overleveraging....
  • #18,202
  • Jun 10, 2016 1:37pm Jun 10, 2016 1:37pm
Quoting geektrader
You short the bottom / previous low? Brave!
Next time I'm shorting the bottom, when hungover, without my H/L drawn and holding the trade!
  • #18,203
  • Jun 10, 2016 1:43pm Jun 10, 2016 1:43pm
Quoting fxtrader18
{quote} Next time I'm shorting the bottom, when hungover, without my H/L drawn and holding the trade!
Yep, Iīve been short too as you see, but 100 pips earlier than the bottom already, so the slight retrace wasnīt a problem. You should have shorted the break of the bottom, around 10 to 15 pips below the low, if it breaks that area, it usually results at least in a little continuation and you can get your pips.
  • #18,204
  • Jun 10, 2016 1:48pm Jun 10, 2016 1:48pm
Up 260+ pips on GBPJPY this week so quite happy with my entries, don't let the 'new member' fool you, nor the 'cock up' this morning. Great pair to trade atm.
  • #18,205
  • Jun 10, 2016 1:48pm Jun 10, 2016 1:48pm
For funsies I cked this thread... Also, I went long w/the 2nd smallest poss order of gbp/jpy at 1.5169, Given brexit and the pounds historically ludicrous swings where it vomits extremes. Why 1.54x? Based on the daily's. A nearly 5k pip fall. So me...like better at 1.45. and given Historical insanity as low as 1.30. Side note 1.425 on gbp/usd. Good first entry pt. Once again I suggest not to overdo. Then again, that's default for me. Golden opps. are truly rare. How long, how much research, how many hours, how deep of an understanding of fundamentals did Soros have b4 his GBP achievement?

P.S. I love Don96 end note. An implied auto response of "well I did tell you *insert your personal assignation.* I AM PROBABLY WRONG." Thank you for the idea Don96. I will create one. I will not use yours.

er...and how do I do that without having to type it every time?
Remember, WHY you are doing this...
  • #18,206
  • Jun 10, 2016 1:50pm Jun 10, 2016 1:50pm
Earlier this week people were eyeing 153 as the target. Down 100 pips below that, how far will this pair go?
  • #18,207
  • Jun 10, 2016 1:50pm Jun 10, 2016 1:50pm
No worries, no one fools me hehe, I am trading only automated, no emotions here Though even as a automated trader you learn a few things about the market...
  • #18,208
  • Jun 10, 2016 1:52pm Jun 10, 2016 1:52pm
How many posts must I have before it stops being reviewed by a moderator? My replies are quite far behind as it is. I type slow and more importantly I think about what I write that's a time sucker,so if I can speed up this reviewed by a mod. thing some way I sure would like to know. Thanks to all who help.
Remember, WHY you are doing this...
  • #18,209
  • Jun 10, 2016 1:52pm Jun 10, 2016 1:52pm
Reason is Junior member status. Not punitive.
Remember, WHY you are doing this...
  • #18,210
  • Jun 10, 2016 1:53pm Jun 10, 2016 1:53pm
missed this 150 pips breakout . I didn't put my sell limit while i'm taking a shower....

i can't believe i made this mistake.

what a #@$$.

i don't care if i lose , i do care if i missed a good breakout my god.
  • #18,211
  • Jun 10, 2016 1:56pm Jun 10, 2016 1:56pm
Ive been looking for GU to start tanking for awhile based purely on techs but theres no way anyone could predict these moves. The gbp is a mess with little liquidity left in the market. A poll of 2k people moving the currency hundreds of pips is a warning. Im even having doubts that the poll is what caused this and not some bank dumping before the storm.
  • #18,212
  • Jun 10, 2016 2:02pm Jun 10, 2016 2:02pm
see these beautiful breakouts ?
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  • #18,213
  • Jun 10, 2016 2:02pm Jun 10, 2016 2:02pm
I saw a "why long Pound?" from geek trader. In the sole case of GBP/JPY I figured a tiny amt at 1.515 more circa 1.45 but not too much. Then if all h* breaks more at 130. Simply b/c GBP ridiculous and BOJ potential to intervene whenever they damn well please. So, why not a bit I know at some point in the not too distant future it will make me a chunk.
Remember, WHY you are doing this...
  • #18,214
  • Jun 10, 2016 2:08pm Jun 10, 2016 2:08pm
Quoting SitNsy2BClv
I saw a "why long Pound?" from geek trader. In the sole case of GBP/JPY I figured a tiny amt at 1.515 more circa 1.45 but not too much. Then if all h* breaks more at 130. Simply b/c GBP ridiculous and BOJ potential to intervene whenever they damn well please. So, why not a bit I know at some point in the not too distant future it will make me a chunk.
Because you are pushing yourself against the downtrend and against the fundamentals and psychology thatīs going on right now with Brexit around the corner. Just follow the PA, you can long later when they didnīt brexit, then it will skyrocket.
  • #18,215
  • Jun 10, 2016 2:12pm Jun 10, 2016 2:12pm
it gets way easier the more time you have in the seat...don't get discouraged ...at all...God has you doing this for a reason, one is the stability of a free market is better when more traders are in the circle....

that last push down was the third push to take...from the banks..

after the first three hours of a session we see fun actionable moves, like during the week this pair gets moved by the NY boys after hours...reverse that...40 pips or so is typical

W D Gann.....a Texas boy...said he noticed the good floor traders just had the feel for the volatility and PA....

so don't be 100% tech.....you will get into the 22 minute timing of it all.....I swear you can make a move every 22 minutes and be in sync....I've been tracking that for 15 years anyway...

Radio Edit:


So...don't be discounting short term trades......the floor traders were short term.....
  • #18,216
  • Jun 10, 2016 2:16pm Jun 10, 2016 2:16pm
Quoting Gbp/jpy
it gets way easier the more time you have in the seat...don't get discouraged ...at all...God has you doing this for a reason, one is the stability of a free market is better when more traders are in the circle.... that last push down was the third push to take...from the banks.. after the first three hours of a session we see fun actionable moves, like during the week this pair gets moved by the NY boys after hours...reverse that...40 pips or so is typical W D Gann.....a Texas boy...said he noticed the good floor traders just had the feel for the...
this is the way i see how the market moves. i just trade with it.
  • #18,217
  • Jun 10, 2016 2:18pm Jun 10, 2016 2:18pm
Just imagine if they do leave HAHAHAHA

Its gonna get fun
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  • #18,218
  • Jun 10, 2016 2:24pm Jun 10, 2016 2:24pm
Anyways...i was talking some shit about 1.2/1.1 in GU about a week back and people thought I was crazy. Lets see what the market brings us over the next few days. Im done for the day.
Looking for a pullback in EU to see if it can go straight to hell with GU
  • #18,219
  • Jun 10, 2016 2:30pm Jun 10, 2016 2:30pm
Understood and agreed. I was not being churlish. It was an honest reply. I entered what I did b/c of the reasons stated a few posts back. Also, I often open minuscule orders when I see potential. As an instant visual it is a useful tool. Furthermore I like what I've read of your posts. They are informative. Now that I think about it I realize I only answered you as to why I did enter but I also was curious as to your reasoning behind waiting. (Which, once again, I am doing. Mostly anyways. 2nd smallest poss. order entered) I wanted your insight in hopes that I may augment my trading. Since, in large part, I agree with you potentially you could tell me more about how you arrived at your conclusions? I would like that. A preemptive thank you if so.
Remember, WHY you are doing this...
  • #18,220
  • Jun 10, 2016 2:30pm Jun 10, 2016 2:30pm
Short GJ before close. It will gap down to a fresh low when market opens.
@GJscalper I've turned a new leaf. No more trolling.
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