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Dragon Riders GBP/JPY

  • #20,021
  • Aug 19, 2016 9:13am Aug 19, 2016 9:13am
Good morning everyone.
I am risking 1% here to earn 1000% lol
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Bought GJ at 130.66ish
TP is 131.3
sl is a close at or below 130.20
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  • #20,022
  • Aug 19, 2016 9:18am Aug 19, 2016 9:18am
Quoting alldirex
You know that feeling when ur fingers twitch to enter or exit a trade... that's the 95% of your brain that wants you to stay poor. Ignore that 95% lol. There is no bias in the market, it just moves up and down. More up or down depending on the session and the volume traded. What do you think would of happened if GBP news did not come out about brexit - would the charts still look right to you and how would they look?
LOL, No bias in the market
Nobody Knows the Next move!!
  • #20,023
  • Aug 19, 2016 9:23am Aug 19, 2016 9:23am
I know many of you watching and waiting to write here about my trade. Though the market quickly recovering its retracement zone but still my trade could be lose. I have no bad feelings cause I did what I needed to be done by the chart indication.
Nobody Knows the Next move!!
  • #20,024
  • Aug 19, 2016 9:25am Aug 19, 2016 9:25am
Quoting alldirex
You know that feeling when ur fingers twitch to enter or exit a trade... that's the 95% of your brain that wants you to stay poor. Ignore that 95% lol. There is no bias in the market, it just moves up and down. More up or down depending on the session and the volume traded. What do you think would of happened if GBP news did not come out about brexit - would the charts still look right to you and how would they look?
I understand what you have in mind and partially agree. One should not twitch enter or exit trades.

At the same time biases in the market are not caused by twitch trades - up and down moves are caused by central banks, banks, equity trade, large volume currency conversion... The last is the only factor that does not have a bias/agenda in most cases where it happens but is instead just companies securing cash for operation.

In this case that move definitely kicked out a lot of small-time bulls out of the market and pulled in selling power which will stay with the pair at least until 133 and maybe higher. This is money to be made.
  • #20,025
  • Aug 19, 2016 9:34am Aug 19, 2016 9:34am
Quoting Don96
GJ has target 127.3x on downside... 129.3x and 129.2x for longs... 131.11/130.98 may give long opp earlier.... (130.2x/130.12)
number I had missed by 8.. hard to pinpoint on GJ.. close ish
  • #20,026
  • Aug 19, 2016 9:37am Aug 19, 2016 9:37am
Quoting alexpi
{quote} I understand what you have in mind and partially agree. One should not twitch enter or exit trades. At the same time biases in the market are not caused by twitch trades - up and down moves are caused by central banks, banks, equity trade, large volume currency conversion... The last is the only factor that does not have a bias/agenda in most cases where it happens but is instead just companies securing cash for operation. In this case that move definitely kicked out a lot of small-time bulls out of the market and pulled in selling power...
Maybe so... how do you know though that it kicked out small-time bulls in the market? What is a small-time bull? Why would this 70 pip drop cause SL to be hit and what is the SL of small time bull exactly.

To me it seems that your bias is long and you want this pair to go long. Why 133 and higher and not 128 and lower?

And if it did really kick out small time bulls like you say, wouldnt the price keep going down?
Trade in the now
  • #20,027
  • Aug 19, 2016 9:47am Aug 19, 2016 9:47am
Quoting alldirex
{quote} Maybe so... how do you know though that it kicked out small-time bulls in the market? What is a small-time bull? Why would this 70 pip drop cause SL to be hit and what is the SL of small time bull exactly. To me it seems that your bias is long and you want this pair to go long. Why 133 and higher and not 128 and lower? And if it did really kick out small time bulls like you say, wouldnt the price keep going down?
Find the top and bottom of the market with the proper channel, so that you can understand why there is a probability to go long for 133-135. It can go 128 but if it can break its retracement level and bottom of the market. Happened yet?
Nobody Knows the Next move!!
  • #20,028
  • Aug 19, 2016 9:51am Aug 19, 2016 9:51am
Quoting rocket00
{quote} Find the top and bottom of the market with the proper channel, so that you can understand why there is a probability to go long for 133-135. It can go 128 but if it can break its retracement level and bottom of the market. Happened yet?
lol channel... good one

Where does your channel say the market will bounce from and to what target?
Trade in the now
  • #20,029
  • Aug 19, 2016 9:52am Aug 19, 2016 9:52am
Quoting alldirex
{quote} Maybe so... how do you know though that it kicked out small-time bulls in the market? What is a small-time bull? Why would this 70 pip drop cause SL to be hit and what is the SL of small time bull exactly. To me it seems that your bias is long and you want this pair to go long. Why 133 and higher and not 128 and lower? And if it did really kick out small time bulls like you say, wouldnt the price keep going down?
I appreciate the question and I'd love to share with you why I think this way. I'll PM you tomorrow because I don't have the time to think about and organize an answer right now

If you look at my (pretty brief) posts from the last few days you'll notice I'm not concretely biased in either direction (everyone is a little biased all the time )
  • #20,030
  • Aug 19, 2016 10:03am Aug 19, 2016 10:03am
Quoting alexpi
{quote} I appreciate the question and I'd love to share with you why I think this way. I'll PM you tomorrow because I don't have the time to think about and organize an answer right now If you look at my (pretty brief) posts from the last few days you'll notice I'm not concretely biased in either direction (everyone is a little biased all the time )
Thanks, looking forward to your analysis.

Just to let you know at the moment the week bar looks like a cross.. which means the matket is at the same price as when the week started, with identical up and down moves. So... this can either mean one more week of cross (up and down), spike up (to the 133 and above) or a move down.

So basically nothing got accomplished this week in terms of direction.
Trade in the now
  • #20,031
  • Aug 19, 2016 10:42am Aug 19, 2016 10:42am
Quoting NurWijaya
{quote} yeah right .. you are very observant it helps GBPUSD slowly toward the 1.32900 area .. we'll see how the daily candle in GBPJPY closed today. {image} {image}
Today was EURGBP day.
Practice makes a person perfect
  • #20,032
  • Aug 19, 2016 10:44am Aug 19, 2016 10:44am
Expecting 27 usd profit here, if SL happens and will reverse to risk 250 to earn 250
@GJscalper I've turned a new leaf. No more trolling.
  • #20,033
  • Aug 19, 2016 11:07am Aug 19, 2016 11:07am
Quoting Cm7
{quote} Happy trading beautiful lady, may you always be lucky.
Thank you... You too. Added long at 130.36 . SL 129.95 . Aim 133.70, 135, 139
  • #20,034
  • Aug 19, 2016 11:08am Aug 19, 2016 11:08am
Quoting Mulegrinder
{quote} Goldgirl, where is your exit point?
133.50, 135, 139
  • #20,035
  • Aug 19, 2016 11:14am Aug 19, 2016 11:14am
Quoting Cm7
{quote} Good luck to you too. Me think you and GJS can co-exist for mutual benefit. Bed time for me it's 11,11 pm
LOl...I am a pretty neutral person... Moreover, I am the daughter of God. I hope to practice humble as good as God. May peace and green pips be with you. Anything pertaining trade, no personal feelings ...
  • #20,036
  • Aug 19, 2016 11:23am Aug 19, 2016 11:23am
Quoting simnz
{quote} Today was EURGBP day.
Entered short EURGBP at 0.8684. SL 0.8725. Time for EURGBP to have a major drop. Target 0.8332
  • #20,037
  • Aug 19, 2016 11:24am Aug 19, 2016 11:24am
Quoting GJscalper
Account is currently floating in green. I really wanted to see the buy order pop here as it would of given me more profit, but my tp for this GJ sell is 130.595 {image}
hey GJ have you traded with ICMarkets ?
  • #20,038
  • Aug 19, 2016 11:53am Aug 19, 2016 11:53am
This is how i see'it
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  • #20,039
  • Aug 19, 2016 12:17pm Aug 19, 2016 12:17pm
Quoting GJscalper
Account is currently floating in green. I really wanted to see the buy order pop here as it would of given me more profit, but my tp for this GJ sell is 130.595 {image}
Today minus 23 pips this week minus 132 pips. Nice strategy... for 2-3 week than blow account.
Good luck.
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  • #20,040
  • Aug 19, 2016 12:31pm Aug 19, 2016 12:31pm
Quoting MXT
{quote} hey GJ have you traded with ICMarkets ?
I currently have two accounts with ICMARKETS. Very good broker when it comes to scalping, but of course it isn't a "REAL ECN" as they claim to be, because I have seen their spreads get really goofy, while other brokers remain with the same tight spread. However, their withdraw system is one of the best in the forex industry and the server is realiable about 90% of the times. Sometimes specific servers fail to function, while others within the same broker have connection issue.
@GJscalper I've turned a new leaf. No more trolling.
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