Nobody Knows the Next move!!
Dragon Riders GBP/JPY
- #20,388
- Aug 24, 2016 9:36pm Aug 24, 2016 9:36pm
{quote} I think, you closed your trade at the very right time for the weekly target.
Maybe. GJ still heading north. But to close my trade means I am respecting my rules. That way, I can´t blame a poor judgement if something gets wrong. Trying to put some discipline in my trade.
I have tested my sistem for long time and is working. I will not regret if price climb 300 pips tomorrow, nor consider them "a lost". I allready earned my share and is decent.
- #20,389
- Aug 24, 2016 9:58pm Aug 24, 2016 9:58pm
Everyone can buy as much as you want, I have no headace cause right now I am not gonna with that. It showing us volatility signs and 85% possibilty of down movement for tomorrow. However, I have SL for any 15%. Good Luck guys.
Nobody Knows the Next move!!
- #20,390
- Edited 10:56pm Aug 24, 2016 10:42pm | Edited 10:56pm
The 2 levels I'm looking at today are 132.675/575 and 132.3/1. Optimum scenario price breaks through the first and rejects from the second, moving toward 133.8/134.
Worse scenario we see a break of both and some ranging or impulse down moves until the end of the week (won't be able to trade this)
Add:
IMO you're calling this too soon and priming yourself. You've had good profits in the past 2-3 days and now want to outsmart the market.
Bigger buyers were eating up any short pressure right up to London close yesterday. Wait for London open at least before you short or you could get a nasty surprise and end the week in trouble, this goes for everyone.
One of my favourite definitions of Double Top defines that the second touch must occur within the market that caused the first touch.
In this case first is in London and second is in Sydney/Tokyo.
Worse scenario we see a break of both and some ranging or impulse down moves until the end of the week (won't be able to trade this)
Add:
{quote} Enjoy the moves now
Bigger buyers were eating up any short pressure right up to London close yesterday. Wait for London open at least before you short or you could get a nasty surprise and end the week in trouble, this goes for everyone.
Should i define this formation is Double Top? 15 TF GJ {image}
In this case first is in London and second is in Sydney/Tokyo.
- #20,391
- Aug 24, 2016 10:51pm Aug 24, 2016 10:51pm
- Joined Jul 2015 | Status: Trader | 2,762 Posts
very hard to predict this dragon lately but this is what i think as for now
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
- #20,392
- Aug 24, 2016 11:35pm Aug 24, 2016 11:35pm
Add: {quote} IMO you're calling this too soon and priming yourself. You've had good profits in the past 2-3 days and now want to outsmart the market. Bigger buyers were eating up any short pressure right up to London close yesterday. Wait for London open at least before you short or you could get a nasty surprise and end the week in trouble, this goes for everyone.
very hard to predict this dragon lately but this is what i think as for now {image}
Nobody Knows the Next move!!
