Dragon Riders GBP/JPY

600 point round trip to start the week huh
trend deez....

lol.... another rumour came out?

looks like news trading, only without news

what TF do you guys trade GJ?like now

Yeezus! I am glad I got my hundred pips on the way down yesterday and decided to leave GBP along for a while. Or else I would have ate that 200 pip upward spike.

I sure ate the spike to 158 last week. Lesson learned market...lesson learned.

Sold the rise 152 sl 153

15M running a 34,3,3 slo sto......never on a Monday after a rock solid Sunday Tokyo open.....


yep. put that on a chart and catch three pushes to take during the banks run and second bump to 70 and 30 marker lines, you're gonna like it..!

are you usimg 34, 3, 3 on ema?

no. those are the numbers hes using for the stochastics

Oh thanks for the clarification. i use 12, 3, 3.

Can you explain one more time how you use that indi to aid your trading please? TIA

till referendum will happen this pair is untradable for me, its like on rollercoster and every poll jumping 200 pips up 200 pips down in one second..

Insane isn't it. I withdraw my money and am moving to another broker. I will more than likely trade GBP/JPY after the 23rd.

Most people are trading with the trend, but the sad reality is if you have a stop loss, it might get hit, causing you to have to re-enter. Then the next time GBP quickly spikes up, people will think back to when it dropped back down, only to have it be the start of a massive 2000 pip move upward #GBPJPYisCrazy

Loss of previous low suggests 147/146 - and I would suspect overshoot lower, making 146/8 into resistance.

Converse side - over 152.4/5, 154 then 156.1/5 suggests bottom of large potentially bullish triangle wherein 158/159 eventually becomes support for new attempt north.

welcome to the lair of the dragon, this is normal for dragon

happy to........today this trade went from 150.49 to 150.90....strictly by the written rules....

I run the 15M with a 333 sma.....I didn't post up there....but that is the first thing....first things first is the call...[actually the music is the first thing

One can ignore the 34,3,3 slow stochastic, till after the Tokyo Open....that oscillator is for when the asia session is going or till London makes a major move...

the first three hours of the asia session.....now there ya got something...Japan is giving away free pips to their population! nice of the old boys, Japan is having trouble big time so this is good, cool

I have a London trade too but asia is really demolishing the other sessions. so at 7:42 pm NY time pull up a one minute chart....sorry...he he... little fun secret...be at the screen at sshhhhh!6:42...pm ... looking for a reverse...especially if ya see an outside moment.....when the PA is in new territory on whatever time frame you have pulled up. reverse....the turns is where the big money is made,, one can use a 6 pip stop or less....so you can really dump some margin....sit and manually back up the stop...

the 333sma is your prime directive, but that slo sto....here we go 15M chart for all of this

34,3,3 is cool but anything will work ( 8,3,3 )...the three pushes to take is the banks making larger moves like at 10:30 am NY....or London will do it, too.

3 pushes shows up on both the price bars and the slo sto oscillator lines, when asia is kinda doing it's medium size moves, but it's still in the first 6 hours of the session, the second bump into the 70 line or the 30 line is a reverse, only when the action has some kick to it, will one bump reverse it...the 20 and 80 line are standard but the 30 and 70 lines are best...the 50 line reverses a really quick P A....price action

now to really give you all my secrets, the 5M chart is valid too...

slo sto....when the line is at the top....it wants to sell.....at the bottom of the oscillator it wants to get back to the top....so the bumps I speak of are the bumps at the top ( or the 70 line will do ) and the bottom ( 30 ) good enough
also the 333 sma on a 15M chart is the true short term trend......more later....the dang roosters and dad gum chickens have to have their door closed....he he ..Radio edit the clock.....12 minutes either way of that time I posted....do not let 7:53 go by without entering....6 pip stop...less even....
quote=lancedes;8977711]{quote} Can you explain one more time how you use that indi to aid your trading please? TIA[/quote]

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Maybe you could put up a chart to explain the above for those visual learners...

Hi,GJ,I use TDI. Also I check yesterday use 1M chart
As the red line shows,is it your secret?

shes coming down hard - poll results ??

I am kind of afraid the Dragon now.
I agree “Japan is giving away free pips to their population!”
But yesterday I hit my SL