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Dragon Riders GBP/JPY

  • #18,641
  • Jun 20, 2016 6:35am Jun 20, 2016 6:35am
Quoting Gbp/jpy
there's 100 pips....travel for the pair...sell .52 due to volatility....the .53 will one minute too late... radio edit....a 3 pip stop is plenty on .52 reverse....btw...as for me....a two pip stop....gonna dump the account on it...!! 70 % of the margin at 250:1
I am following this strategy of yours with greater and greater interest. If I'm not mistaken, one should buy GJ at 6:42 NY time, and exit at :53, 11 mins later.
And then maybe give it another go an hour later. 12 hours ago that would have given a brilliant pips return!! Two profitable trades. Muchos pips.
For me unfortunately those times are at 1am and 2am, so very inconvenient, but if it returns almost guaranteed pips each time, and so many of them, I may have to start adapting my trading hours.

Great analysis.
  • #18,642
  • Jun 20, 2016 7:18am Jun 20, 2016 7:18am
@Gscalper
Quote
The massive order to be taken would be if GJ drops to 152.809 on 1m and closes at or below that price before moving up the 153.225 tp. I will be shorting for about .8 lots should it be reached.

What you mean by that? Short from 153.225 to 152.809. Or short 152.809 downwards?
  • #18,643
  • Jun 20, 2016 7:42am Jun 20, 2016 7:42am
Quoting onno72
@Gscalper {quote} What you mean by that? Short from 153.225 to 152.809. Or short 152.809 downwards?
I would suggest you re-read the recommendation while looking at the chart.
@GJscalper I've turned a new leaf. No more trolling.
  • #18,644
  • Jun 20, 2016 8:35am Jun 20, 2016 8:35am
waiting now to se which way it will break out of this range
  • #18,645
  • Edited 9:50am Jun 20, 2016 9:32am | Edited 9:50am
lancedes, baby....we look for a reverse on the one minute chart.....I call it an outside moment....meaning the P A has left the territory it was in say 25 candles ago.....so any time frame...the big boys on the news say a daily outside candle is a breakout...after it returns for the unsquared bit.
I have a ton of info....
sometimes the .53 re-enforces the same direction.....but mainly I noticed one can gain skill in evaluating the volatility....

I noted the 6:42 is a precursor to the 7:42......so the main and original signal is at 7:42 pm NY.....it always gets 11 pips movement to 24 pips tops is 39 or 49 pips....then it always reverses...that alone is a trading system.....Holy Spirit is the new name of this trade....cool....Holy spirit tells me....I"m living proof, who'd a thought He knows forex......turns out this free market is a God thing....how cool is that....so

all you traders out there....you're doing this for a reason....I knew that from the start, but it took 3 years of agony to get some love...he ..he

edit.....this trade didn't work as well in the past as it has the last 6 months....and....it works so well it's boring, there ,I said it.....so for me, God has me moving into new money strategy in life......it's for building structures that all can enjoy....like an amphitheater out in the pasture that's bowl shaped.....and giving away to one whom is sent to you and asks for help....and the youth of the nation/world....like fertilizer....works best spread out, huh!!

So, The Holy Spirit Descending Trade.....at 7:42 11 pips are always seen......usually goes back to within one pip of the start.....close 'em out, if you had time to close 'em out....then plan for a reverse back to the original direction for 24 pips, maybe more.....reverse again....then it really takes off. the 6:42 entry is kind of a early start...unless the volatility is up, then the mindset changes just a little....in a quiet market...that 24 pip mark holds 95% of the time...

Quoting lancedes
{quote} I am following this strategy of yours with greater and greater interest. If I'm not mistaken, one should buy GJ at 6:42 NY time, and exit at :53, 11 mins later. And then maybe give it another go an hour later. 12 hours ago that would have given a brilliant pips return!! Two profitable trades. Muchos pips. For me unfortunately those times are at 1am and 2am, so very inconvenient, but if it returns almost guaranteed pips each time, and so many of them, I may have to start adapting my trading hours. Great analysis.
  • #18,646
  • Edited 1:36pm Jun 20, 2016 1:24pm | Edited 1:36pm
So now, after that 190 pips move.... ...fade any move seen after hours in NY....3-5 pm NY time....likens to 40 pips or more....how do ya spell " likens to "?....dats the next swing...bettin cash money....
  • #18,647
  • Jun 20, 2016 1:37pm Jun 20, 2016 1:37pm
Hey, who called me a white trash country boy hick from the sticks.....?....how'd dey know?...

be back later...I gotta go carry my wife oft to town down yonder to the dairy queen, yup!!...that's how they talk....so cute....gonna carry their wife oft to town....LOL
  • #18,648
  • Jun 20, 2016 4:30pm Jun 20, 2016 4:30pm
Quoting Gbp/jpy
Hey, who called me a white trash country boy hick from the sticks.....?....how'd dey know?... be back later...I gotta go carry my wife oft to town down yonder to the dairy queen, yup!!...that's how they talk....so cute....gonna carry their wife oft to town....LOL
Lol. You're nuts!!
  • #18,649
  • Jun 20, 2016 5:37pm Jun 20, 2016 5:37pm
havin a blast, I swear he...he
  • #18,650
  • Jun 20, 2016 5:38pm Jun 20, 2016 5:38pm
Quoting Gbp/jpy
Hey, who called me a white trash country boy hick from the sticks.....?....how'd dey know?... be back later...I gotta go carry my wife oft to town down yonder to the dairy queen, yup!!...that's how they talk....so cute....gonna carry their wife oft to town....LOL
not only is this guy a genius.ur funny as shit.thanks for dropping jews

p.s this comedy thing could work
  • #18,651
  • Jun 20, 2016 6:26pm Jun 20, 2016 6:26pm
Got some more funny stories, while waiting another 20 minutes for the train? (which I really wanna see with my own eyes tonight
  • #18,652
  • Jun 20, 2016 6:51pm Jun 20, 2016 6:51pm
so tonites asia trade....notice all the reverses are at the 30 minute mark...so fade the 8 pm in new York....none of the .42's worked....that means they will tomorrow...he ..he
  • #18,653
  • Jun 20, 2016 6:56pm Jun 20, 2016 6:56pm
hmmmmm.... I stay up to find the train out of order....
  • #18,654
  • Jun 20, 2016 7:06pm Jun 20, 2016 7:06pm
30 pips in 6 minutes ...it went at 2:59.....I only got 11 pips....typical of me...now it seems to wanna turn right at 39 pips...
Quoting onno72
hmmmmm.... I stay up to find the train out of order....
  • #18,655
  • Jun 20, 2016 8:08pm Jun 20, 2016 8:08pm
Very very thin liquidity for this time of the night, spreads are jumping between 1 and 10 pips here sometimes and it prices move with some 8 pips gaps sometimes. Take care guys.... this can mean huge slippage on your stops.
  • #18,656
  • Jun 20, 2016 9:05pm Jun 20, 2016 9:05pm
welcome to the roller coaster
  • #18,657
  • Edited 10:11pm Jun 20, 2016 9:49pm | Edited 10:11pm
same as my broker......why now, I wonder....
Quoting geektrader
Very very thin liquidity for this time of the night, spreads are jumping between 1 and 10 pips here sometimes and it prices move with some 8 pips gaps sometimes. Take care guys.... this can mean huge slippage on your stops.
a pennant formed....gonna break maybe...i'm ignoring it
  • #18,658
  • Jun 20, 2016 10:20pm Jun 20, 2016 10:20pm
Why now? Because no one seems to be trading these hours, or at least not the big banks that usually do, hence market is made of just a few participants since the large orders of banks are missing that make for a good spread. Hence distances between buyers / sellers are bigger now with their limit orders in the order book, hence higher spread, hence also more crazy moves since these few sellers / buyers with their few offers are the only ones that make the book and hence those price jumps can be huge.
  • #18,659
  • Jun 21, 2016 12:48am Jun 21, 2016 12:48am
Morning
I'm still not convinced of this up movement. I think it is price being marked up, to drop heavily
Forex, awful to watch, AWESOME to play
  • #18,660
  • Jun 21, 2016 1:00am Jun 21, 2016 1:00am
Day pivot is at 152.41. So perhaps Franky or London will want to trade from above 153.41, down through 153.41 to pivot. Nice 100 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Jun. 21 07.51.jpg Size: 86 KB
Forex, awful to watch, AWESOME to play
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