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Dragon Riders GBP/JPY

  • #18,721
  • Jun 22, 2016 2:51am Jun 22, 2016 2:51am
Quoting Feo
Targeting 152.91 Then 149.19 (Sunday Pivot) {image}
I am also short with you. Did you stop loss because I see after your entry, the price rose to 153.70
@GJscalper I've turned a new leaf. No more trolling.
  • #18,722
  • Jun 22, 2016 2:54am Jun 22, 2016 2:54am
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TP hit
@GJscalper I've turned a new leaf. No more trolling.
  • #18,723
  • Jun 22, 2016 3:00am Jun 22, 2016 3:00am
I usally keep a mental of 50, only because I see what happens once price gets to 50 marks against me.
Other times I place a 19 pip stop.

Now I have my stop at 153.67

Weekly S1 at 152.74 is last support before the buys kick in at daily S1 152.11.
Attached Image (click to enlarge)
Click to Enlarge Name: GJ Jun. 22 09.54.jpg Size: 79 KB
Forex, awful to watch, AWESOME to play
  • #18,724
  • Jun 22, 2016 3:15am Jun 22, 2016 3:15am
Quoting Feo
I usally keep a mental of 50, only because I see what happens once price gets to 50 marks against me. Other times I place a 19 pip stop. Now I have my stop at 153.67 Weekly S1 at 152.74 is last support before the buys kick in at daily S1 152.11. {image}
My question to you is, what makes you think that any given daily pivot is stronger than any of the others. I see you have the support 1 as being a "support" but wouldn't it be wiser to see how the pair trades once it touches the S1, instead of assuming that it will bounce off of it?
@GJscalper I've turned a new leaf. No more trolling.
  • #18,725
  • Jun 22, 2016 3:18am Jun 22, 2016 3:18am
Last signal was a scalp buy of GJ and as you can see it is working out well.
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@GJscalper I've turned a new leaf. No more trolling.
  • #18,726
  • Jun 22, 2016 4:53am Jun 22, 2016 4:53am
The take profit for the GJ buy has just hit.
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@GJscalper I've turned a new leaf. No more trolling.
  • #18,727
  • Jun 22, 2016 4:55am Jun 22, 2016 4:55am
Quoting Feo
I usally keep a mental of 50, only because I see what happens once price gets to 50 marks against me. Other times I place a 19 pip stop. Now I have my stop at 153.67 Weekly S1 at 152.74 is last support before the buys kick in at daily S1 152.11. {image}
It looks like you will stop out shortly. Are you going to move your stop loss up or shall you respect it?
@GJscalper I've turned a new leaf. No more trolling.
  • #18,728
  • Jun 22, 2016 5:29am Jun 22, 2016 5:29am
Quoting FX-Ray
{quote} Its looks more complicated than it actually is. Unfortunately I cant go in detail here, maybe some day How's trading mate?
My system's there. Just been bogged down with increased hours at work, and some unexpected bills (aka buying a car), so I haven't been active with the live trading. Been doing some demo trading a couple of times a week just to keep active, but need to cut back my hours at work so I can get back into the good habits (eating right and exercising), which really help me with trading. A few key people quit, so I've taken on extra hours to help out.

It sucks being out of it live, and seeing all that potential money slip through my hands, but meh. Things are the way they are. I ain't dead, and I ain't diseased, so life's not too bad all things considered.
  • #18,729
  • Jun 22, 2016 4:12pm Jun 22, 2016 4:12pm
Here we go again. Glad I am out.
Will trade again post-brexit final results.
  • #18,730
  • Jun 22, 2016 4:27pm Jun 22, 2016 4:27pm
here we go north

the night before the voting starts ... get your pips and get out ...

15 min 200 pips you must love this dragon pair eheheh
  • #18,731
  • Jun 22, 2016 4:40pm Jun 22, 2016 4:40pm
LOL, hope its gonna go do these movements up and down all day
  • #18,732
  • Jun 22, 2016 4:43pm Jun 22, 2016 4:43pm
Quoting onno72
LOL, hope its gonna go do these movements up and down all day
Yea but with even stronger range
  • #18,733
  • Jun 22, 2016 4:59pm Jun 22, 2016 4:59pm
let it be an elevator....
  • #18,734
  • Edited 8:36pm Jun 22, 2016 7:17pm | Edited 8:36pm
Quoting 4xNewGuy
{quote} My system's there. Just been bogged down with increased hours at work, and some unexpected bills (aka buying a car), so I haven't been active with the live trading. Been doing some demo trading a couple of times a week just to keep active, but need to cut back my hours at work so I can get back into the good habits (eating right and exercising), which really help me with trading. A few key people quit, so I've taken on extra hours to help out. It sucks being out of it live, and seeing all that potential money slip through my hands, but meh....
Touche Less is more.

Check out tomorrow UK referendum; when UK remains in Europe Union, this could lead too serious strenght of the pound, vice versa into a sell-off if the UK leaves the union. Personally I really look for a good opportunity to buy the pound but I just feel the timing is horrible in this very moment, something is still missing and is not obvious. Like they vote to remain and we see a sell-off, the spike before the blast-off or some shit like this

Anyway, trading is just one of infinite possibilites, enjoy
  • #18,735
  • Jun 22, 2016 10:46pm Jun 22, 2016 10:46pm
I think the real problem today is not the moves but the spreads, most LPīs on the ECN I am trading on already announced they will be having spread of 50 pips and more and many will simply pull liquidity completely during the "hot" hours they said. Not a good time to trade today, you are risking huge slippage and crazy spread(spikes) that might stop out positions quickly for "no reason". Take care today!
  • #18,736
  • Edited 11:52pm Jun 22, 2016 11:39pm | Edited 11:52pm
Second important news for today are that central banks will MASSIVELY intervene in the Forex market today, several of them are getting ready to begin these hours....

Also important:

UBS Warns of Potential Trading Hiccups
http://www.wsj.com/articles/ubs-warn...2d0dc3&mod=cjx
  • #18,737
  • Jun 23, 2016 1:14am Jun 23, 2016 1:14am
And there we go, 150 pips spike down in 1 minute...
  • #18,738
  • Jun 23, 2016 1:45am Jun 23, 2016 1:45am
Quoting GJscalper
{quote} It looks like you will stop out shortly. Are you going to move your stop loss up or shall you respect it?
I had reached the first target at 152.91, so I had left the stop there at 153.67
Forex, awful to watch, AWESOME to play
  • #18,739
  • Jun 23, 2016 1:53am Jun 23, 2016 1:53am
Morning ning Cowboys and Ladies
I have to give GBPJPY credit for fighting yesterday, as to not cause the 4hr macd to cross down. If it had, it would have been an ugly drop.
Franky now this morning dropped is down from the monthly R1 at 154.78 , hence 153.78 is 100 marks down.

I suspect London to break this down to day S1 at 153.26, then we shall see.
Because 153.47 is yesterday open.

If it opens above 78 and drops down:
- It can bounce at 47 up to 00 then down again.
- It can drop to 26 then bounce to 00 again
- It can bounce og 78 up to day pivot

If it opens below 78 and moves up:
- It can move up to day pivot at 154.47 before down
- It can move up to 00, then drop down

If the 4hr crosses now at London open, and seeiing that we have dropped from monthly R1, and seeing that we have not touched weekly pivot, then it could be an ugly drop down to 148ish
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Forex, awful to watch, AWESOME to play
  • #18,740
  • Jun 23, 2016 1:57am Jun 23, 2016 1:57am
4730 is cable monthly R1
Forex, awful to watch, AWESOME to play
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