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Dragon Riders GBP/JPY

  • #19,121
  • Jul 13, 2016 6:21am Jul 13, 2016 6:21am
Quoting GJscalper
{quote} At least you have control. Based on the indicators you use, if your indicator tells you sell and the price goes up, wouldn't it be safe to say that the indicator you are using has some sort of variation which you should account for?
yes, you right, my variation is max150 pips from when my indicator tells me to sell, I know is a big gap but I open one trade when the indicators tell me to open and ten another one on -100 pips and then if the price is still going against me, like I said I close at -150 and-50
I need the magic ball
  • #19,122
  • Jul 13, 2016 6:23am Jul 13, 2016 6:23am
Quoting stars1985
{quote} yes, you right, my variation is max150 pips from when my indicator tells me to sell, I know is a big gap but I open one trade when the indicators tell me to open and ten another one on -100 pips and then if the price is still going against me, like I said I close at -150 and-50
I am sorry for not making myself clear. When I refer to "variation"I am referring to "different possible outcomes"based on the indicators you use. Say you see a head and shoulders. It can either go up or down, but do you know how many different variations of the move up and down there are? Meaning like types.
@GJscalper I've turned a new leaf. No more trolling.
  • #19,123
  • Jul 13, 2016 6:25am Jul 13, 2016 6:25am
Quoting stars1985
{quote} yes, you right, my variation is max150 pips from when my indicator tells me to sell, I know is a big gap but I open one trade when the indicators tell me to open and ten another one on -100 pips and then if the price is still going against me, like I said I close at -150 and-50
The realy bad thing is that sometimes the indicators are confusing, so I might enter in 2 or 3 direction in one hour but whit low loses
I need the magic ball
  • #19,124
  • Jul 13, 2016 6:28am Jul 13, 2016 6:28am
[quote=GJscalper;9027023]{quote} I am sorry for not making myself clear. When I refer to "variation"I am referring to "different possible outcomes"based on the indicators you use. Say you see a head and shoulders. It can either go up or down, but do you know how many different variations of the move up and down there are? Meaning like types.[/quote
If I see something that is just not right I just stay away
I need the magic ball
  • #19,125
  • Jul 13, 2016 8:45am Jul 13, 2016 8:45am
Quoting powerfam3
Im short at 139.071, on 15 mins resistance area, tp at conservative of 138.20, not aiming to hit tp at support of 137.9. seems like this pair is trending atm, and so far no sight of bullish triangle. Hopefully it goes well..

Profit hit closed for the day XD, have a great day guys
  • #19,126
  • Jul 13, 2016 9:06am Jul 13, 2016 9:06am
spotted formation of bullish flag on 30m chart, entered long at 138.000 , tight SL at 137.650, TP will be at 138.750 back at where it was an hour ago. with the market ranging and previously bullish , longing at support level seems rather safe for me. Hope im right..
  • #19,127
  • Jul 13, 2016 9:47am Jul 13, 2016 9:47am
Consolidation time -- explosion soon
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"You may say I am a dreamer .... but I am not the only one."
  • #19,128
  • Jul 13, 2016 2:07pm Jul 13, 2016 2:07pm
I´m looking for a better price to sell maybe between 38 and 50 fib level.
Or will I miss the train?

What you guys think?
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"You may say I am a dreamer .... but I am not the only one."
  • #19,129
  • Jul 13, 2016 2:52pm Jul 13, 2016 2:52pm
Quoting guesser
Im looking for a better price to sell maybe between 38 and 50 fib level. Or will I miss the train? What you guys think? {image}
You could go short now but you might hit a retracement. The trend has been down, just use caution. The monthly and weekly time frames should have the GBP back down in no time. There is no indication fundamentally or technically that an uptrend is in process, on any time frame large or small. If u see an uptrend right now its simply a correction on a lower time frame, which is within the trend on the longer time frame. Try using exponential moving averages they are a good entry indicator!
  • #19,130
  • Jul 13, 2016 3:46pm Jul 13, 2016 3:46pm
good advice there Tao, baby

only the first three hours of any session....also, huh?!!!!!
  • #19,131
  • Jul 13, 2016 4:19pm Jul 13, 2016 4:19pm
Quoting Gbp/jpy
good advice there Tao, baby only the first three hours of any session....also, huh?!!!!!
Yes I totally agree my friend!!! In general! Price action likes to retrace at the end of every hour and at the end of a 4-hour session.
  • #19,132
  • Jul 13, 2016 4:42pm Jul 13, 2016 4:42pm
Gold....gonna drop I suspect......up for GBP/JPY.... midterm at least

Oh yeah, 1313 is the line in the sand and it made down to 1338 I think two days ago....all this from 1400
  • #19,133
  • Jul 13, 2016 4:58pm Jul 13, 2016 4:58pm
Quoting Gbp/jpy
Gold....gonna drop I suspect......up for GBP/JPY.... midterm at least Oh yeah, 1313 is the line in the sand and it made down to 1338 I think two days ago....all this from 1400
Agreed when Gold drops the dollar is up and the GBP should go up too! But i think this will be a subdued PA. What do you think?
  • #19,134
  • Edited 9:45pm Jul 13, 2016 7:25pm | Edited 9:45pm
todays trade went 24.pips down....24up....24down all in 45 minutes, then 120 up
  • #19,135
  • Jul 13, 2016 7:39pm Jul 13, 2016 7:39pm
Quoting Gbp/jpy
todays trade went 24.pips down....24up....24down all in 45 minutes
Yea choppy and sideways LOL. The EUR/USD is doing the same thing. Wondering when this volatility is gonna end?
  • #19,136
  • Jul 14, 2016 1:30am Jul 14, 2016 1:30am
Good morning everyone,

Those of you who are following Master Geppy, please donate to his fund. https://www.patreon.com/geppy

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He is the first profittable trader in the world who begs for donations!

Clearly he needs it, because over the past 10 hours his trade recommendation on GJ has flipped flopped so much that he has to check his own post here on ff.com to remember if he is long or short, because since he isn't trading, he won't be able to look at his account to tell. Come on guys, donate to Geppy so he can buy his meds! He really needs it.
@GJscalper I've turned a new leaf. No more trolling.
  • #19,137
  • Jul 14, 2016 1:42am Jul 14, 2016 1:42am
Quoting GJscalper
Good morning everyone, Those of you who are following Master Geppy, please donate to his fund. https://www.patreon.com/geppy {image} He is the first profittable trader in the world who begs for donations! Clearly he needs it, because over the past 10 hours his trade recommendation on GJ has flipped flopped so much that he has to check his own post here on ff.com to remember if he is long or short, because since he isn't trading, he won't be able to look at his account to tell. Come on guys, donate to Geppy so he can buy his meds!...
Wow can we try and keep this thread civil?
  • #19,138
  • Jul 14, 2016 1:55am Jul 14, 2016 1:55am
I fibo and it tell price maybe heading to 148 But if H4 candle close in bullish it might form Bearish divergence. 141.322 is R3. What would happen if BOE cut, increase or remain the rate?
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Artist lead and hacks ask for a show of hands.
  • #19,139
  • Jul 14, 2016 2:01am Jul 14, 2016 2:01am
Quoting al_yaqen
I fibo and it tell price maybe heading to 148 But if H4 candle close in bullish it might form Bearish divergence. 141.322 is R3. What would happen if BOE cut, increase or remain the rate? {image}
That's hard to say, too many variables. It might or might not be priced into the market. If they cut rates I'd say the price is going down. No way they are increasing the rate LOL. If its the same there might be a small spike or there might not be anything.
  • #19,140
  • Jul 14, 2016 2:09am Jul 14, 2016 2:09am
Quoting TaoTrader
{quote} That's hard to say, too many variables. It might or might not be priced into the market. If they cut rates I'd say the price is going down. No way they are increasing the rate LOL. If its the same there might be a small spike or there might not be anything.
Aha ok Tao, but what is the rumours? are they going to cut?
Artist lead and hacks ask for a show of hands.
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