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Dragon Riders GBP/JPY

  • #20,281
  • Aug 23, 2016 7:23pm Aug 23, 2016 7:23pm
Quoting Gj7
Once GJ hit 132.600, I am going to enter sell, sell, sell. The gap is still open at 131.082. Easy pips. What do you all think about this?
Not a good decision against the trend against the bias
Nobody Knows the Next move!!
  • #20,282
  • Aug 23, 2016 7:24pm Aug 23, 2016 7:24pm
Quoting Gj7
Once GJ hit 132.600, I am going to enter sell, sell, sell. The gap is still open at 131.082. Easy pips. What do you all think about this?
I don't know, my thinking is opposite. I will double my long position at 132.60.
I feel that once it clear 132.60 it will hit 133.60

good luck anyway
  • #20,283
  • Aug 23, 2016 7:53pm Aug 23, 2016 7:53pm
Quoting Gj7
Once GJ hit 132.600, I am going to enter sell, sell, sell. The gap is still open at 131.082. Easy pips. What do you all think about this?
I agree. My scalp short doesn't work on 131.80. It goes all the way to 132.35 now.

I will exit another 40% of my long trade near 132.50. Remain 10% long in my account.

I will add my short scalp entry by 132.50.
  • #20,284
  • Aug 23, 2016 8:02pm Aug 23, 2016 8:02pm
Quoting goldgirl
{quote} I agree. My scalp short doesn't work on 131.80. It goes all the way to 132.35 now. I will exit another 40% of my long trade near 132.50. Remain 10% long in my account. I will add my short scalp entry by 132.50.
China men and US men are pushing up YEN for safe heaven asset purpose. Especially with China government. They want to attack and threaten Japan in financial sector.
  • #20,285
  • Aug 23, 2016 8:12pm Aug 23, 2016 8:12pm
Quoting goldgirl
{quote} I agree. My scalp short doesn't work on 131.80. It goes all the way to 132.35 now. I will exit another 40% of my long trade near 132.50. Remain 10% long in my account. I will add my short scalp entry by 132.50.
I have to act it at market price now. GJ doesn't want to push up to 132.50. Double tops observed at H30 chart.
  • #20,286
  • Aug 23, 2016 8:25pm Aug 23, 2016 8:25pm
Quoting rocket00
{quote} Not a good decision against the trend against the bias
When you hit gj remember the power of gj spike up/down so fast
  • #20,287
  • Aug 23, 2016 8:27pm Aug 23, 2016 8:27pm
Quoting goldgirl
{quote} I agree. My scalp short doesn't work on 131.80. It goes all the way to 132.35 now. I will exit another 40% of my long trade near 132.50. Remain 10% long in my account. I will add my short scalp entry by 132.50.
why dont you show us your te make life easier
  • #20,288
  • Aug 23, 2016 9:03pm Aug 23, 2016 9:03pm
Quoting Pip-Miner
{quote} why dont you show us your te make life easier
Plan to setup one demo in future for forum purpose. Currently, too busy for that. Need to focus on my real account first.
  • #20,289
  • Aug 23, 2016 9:13pm Aug 23, 2016 9:13pm
Quoting Tim_isoara
Today I won in GJ in one transaction $ 2150. Maybe is money from GJscalper. If that is true, I return money to GJscalper. Just to have show on this thread .
Congratulations
  • #20,290
  • Aug 23, 2016 9:23pm Aug 23, 2016 9:23pm
Quoting hierro-scalp
{quote} When you hit gj remember the power of gj spike up/down so fast
Yes, I can remember but It doesn't mean that it is gonna happen again and again. It is a sentimental decision that it can quickly down with some easy pips but don't forget we can't accept anything without chart reference and analysis. Others all is so risky, you know as well.
Nobody Knows the Next move!!
  • #20,291
  • Aug 23, 2016 9:25pm Aug 23, 2016 9:25pm
Exit all my long entry. Short UJ now. Target 98.99
  • #20,292
  • Aug 23, 2016 9:29pm Aug 23, 2016 9:29pm
H4 stochostic on GJ is max out. Same with H4 UJ stochostic.
  • #20,293
  • Aug 23, 2016 9:35pm Aug 23, 2016 9:35pm
Quoting goldgirl
Exit all my long entry. Short UJ now. Target 98.99
98??? Right now its facing its big challenge 99.50 first and the movement shows a sign of upward 102.60 - 104. However, Good Luck mate
Nobody Knows the Next move!!
  • #20,294
  • Aug 23, 2016 9:37pm Aug 23, 2016 9:37pm
Started trying to scale into a decent sized short on GU. 1.3215 is my initial SL lets see if it holds
  • #20,295
  • Aug 23, 2016 9:54pm Aug 23, 2016 9:54pm
Quoting Cm7
{quote} I agree with you sis, only one leg down very good observation. Many green pips to you as always.
Thank you bro. If Yellen coming speech is hawkish, Gold and Silver will go down more. Trendline changed. I am waiting for a stabilized support prize to re-entered long. Right now have to exit all long first.
  • #20,296
  • Aug 23, 2016 10:02pm Aug 23, 2016 10:02pm
Quoting rocket00
{quote} 98??? Right now its facing its big challenge 99.50 first and the movement shows a sign of upward 102.60 - 104. However, Good Luck mate
Yup. 98.99 is a rough gauge. If trendline doesn't seems to agree. We can always exit earlier. Anyway, UJ still have some downside due to the push up of Yen by China result from massive purchase of Japan bond.
  • #20,297
  • Edited 10:24pm Aug 23, 2016 10:09pm | Edited 10:24pm
What really baffles me is, a lot of people post numbers, including entries, targets, stop losses etc and sometimes proper charts but I still yet to see the majority talking about the other side of the coin.

Example:
If you are trading USD/JPY (in the 3 Major currency pairs), the strength/weakness of any of them is going to effect their co-related pairs as in GBP/USD - GBP/JPY or EUR/USD - EUR/JPY or any other pair that's called Minors.

In short, always monitor the A vs B, in this case USD Index. 1 pip move in the USDX will move some currencies 2-3 pips. Once you can see the direction of the USDX, then you can say the versus pair (Yen, Euro,Pound) will move the opposite direction (not 100% of the time) and then you can say, Yen is weakening/strengthening, so I must sell/buy these pairs.

Also, Google the Forex Correlation table and see how some pairs are connected and learn them by heart. Keep in mind there are commodities that are strongly correlated to some pairs like. Gold - UJ, Oil UC, Iron Copper, AU, NU and can move them fast, while you are trying to understand the reason of this move, so keep an eye on the related commodities to your traded FX pairs.

Yes, that sounds too much work to do, but being ignorant or uninformed doesn't make you a success in trading or any other business.

Have a dark green day all...
Attached Image(s) (click to enlarge)
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If you know how to trade, you don't need to sell any services!!!
  • #20,298
  • Aug 23, 2016 10:09pm Aug 23, 2016 10:09pm
Inserted Video
  • #20,299
  • Aug 24, 2016 12:38am Aug 24, 2016 12:38am
soon go back to 130
email me : pipspro88@gmail
  • #20,300
  • Aug 24, 2016 12:55am Aug 24, 2016 12:55am
Nothing clear yet. I wait.
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