Dragon Riders GBP/JPY | Page 1030 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Enter The Dragon - GBP/JPY 2 replies

Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Attachments: Dragon Riders GBP/JPY
Exit Attachments

Dragon Riders GBP/JPY

  • #20,581
  • Aug 28, 2016 9:16am Aug 28, 2016 9:16am
Quoting rmrf
{quote} We arent done with the down, 134.20 is going to be very toppy, we should get back into that 130.50 range this week.
How do you know we aren't done with the down?
@GJscalper I've turned a new leaf. No more trolling.
  • #20,582
  • Aug 28, 2016 9:19am Aug 28, 2016 9:19am
Quoting GJscalper
{quote} Yeah you clearly use stop losses. {image}
only one reason anyone enters a stop loss order, is to realize a loss!
  • #20,583
  • Aug 28, 2016 9:39am Aug 28, 2016 9:39am
Quoting GJscalper
{quote} How do you know we aren't done with the down?
look at the chart I need a whole bunch of folks offering to buy at these levels so I can take the other side of their trade the short, for the certain ride down into
131.50 then up into 132.30, then down to 130.30, I can keep forecasting but mark those levels or look at the chart, and watch price hit those level this week.
Attached Image (click to enlarge)
Click to Enlarge Name: guppy_heading_back_down.png Size: 83 KB
  • #20,584
  • Aug 28, 2016 9:58am Aug 28, 2016 9:58am
Quoting rmrf
{quote} only one reason anyone enters a stop loss order, is to realize a loss!
I work with SL. And...
Attached Image
  • #20,585
  • Aug 28, 2016 10:36am Aug 28, 2016 10:36am
Quoting Tim_isoara
{quote} I work with SL. And... {image}
VERY NICE TIM!

HERE IS STATS FOR MY LAST 2 WEEKS OF GUPPY TRADES
Won Lost Total
Trades 2110 392 2502
Profit *$2360 -1894 $466
Pips 8816.7 -8269.2 547.5
Average Position Size 0.03 lots
Average Trade Length 0d 2h 33m
Average win *$1.12
Average loss *$-4.83
Expectancy *$0.19
NOT THE GREATEST BUT POSITIVE EXPECTANCY And a good equity curve.
  • #20,586
  • Aug 28, 2016 10:40am Aug 28, 2016 10:40am
Quoting rmrf
{quote} VERY NICE TIM! HERE IS STATS FOR MY LAST 2 WEEKS OF GUPPY TRADES Won Lost Total Trades 2110 392 2502 Profit *$2360 -1894 $466 Pips 8816.7 -8269.2 547.5 Average Position Size 0.03 lots Average Trade Length 0d 2h 33m Average win *$1.12 Average loss *$-4.83 Expectancy *$0.19 NOT THE GREATEST BUT POSITIVE EXPECTANCY And a good equity curve.
But why you have a problem with SL?
  • #20,587
  • Aug 28, 2016 10:57am Aug 28, 2016 10:57am
http://www.forexfactory.com/trades.p...ions-details=7
no it isnt heading down is it? :Þ look at the chart it should be obvious the ST trend.
Attached Image (click to enlarge)
Click to Enlarge Name: NO_IT_ISNT_HEADING_DOWN_IS_IT.png Size: 62 KB
  • #20,588
  • Aug 28, 2016 11:03am Aug 28, 2016 11:03am
Quoting Tim_isoara
{quote} But why you have a problem with SL?
because a stop loss is usually used wrong, as a means to secure a loss for most people, I prefer to use a SL like with a TS to lock in pips of profit. in fact sometimes I find it better to set the TPT way high and after the trade is up, move the SL to B/E +10 pips toggle on TS, and let it ride up until it pulls back enough to hit my SL, thus banking a profit, most people dont use SL this way so thats why I have problem with SL. there are way bigger problems I have than that, for example a runaway US government that is losing its aSS, AND IT KEEPS CHANGING RULES FOR FOREX FOR "US CITIZENS" MAKING IT HARDER AND HARDER TO MAKE A PROFIT CONSISTeNTLY OVER TIME, WHICH IS THE #1 GOAL.
  • #20,589
  • Edited 1:27pm Aug 28, 2016 11:07am | Edited 1:27pm
Quoting rmrf
{quote} a runaway US government that is losing its aSS, AND IT KEEPS CHANGING RULES FOR FOREX FOR "US CITIZENS" MAKING IT HARDER AND HARDER TO MAKE A PROFIT CONSISTeNTLY OVER TIME, WHICH IS THE #1 GOAL.
-
  • #20,590
  • Aug 28, 2016 12:31pm Aug 28, 2016 12:31pm
Quoting rmrf
{quote} look at the chart I need a whole bunch of folks offering to buy at these levels so I can take the other side of their trade the short, for the certain ride down into 131.50 then up into 132.30, then down to 130.30, I can keep forecasting but mark those levels or look at the chart, and watch price hit those level this week. {image}
let me be precise ok? so there is no confusion, dunno what the opening gap will be, not considered it, but price will run up to 134.20/25 take out the stops, then head back down into 131.70/.50 no I am not a cowboy
  • #20,591
  • Aug 28, 2016 1:51pm Aug 28, 2016 1:51pm
Quoting Tim_isoara
{quote} I work with SL. And... {image}
I remember seen statemens like that. A friend of mine enters with the trend using big lot size and little TP, so he has a big wining rate with 15 or 10 pips TP, and huge SL.

His wining rate was awesome, and his account grow very fast. But sometimes he get catched in a gap against his trade and he lose the profit of a month.

Way too much for my nerves.
  • #20,592
  • Aug 28, 2016 2:20pm Aug 28, 2016 2:20pm
I say 134.33/43...

quote=rmrf;9105801]{quote} let me be precise ok? so there is no confusion, dunno what the opening gap will be, not considered it, but price will run up to 134.20/25 take out the stops, then head back down into 131.70/.50 no I am not a cowboy [/quote]
  • #20,593
  • Aug 28, 2016 2:49pm Aug 28, 2016 2:49pm
Quoting bigboss
{quote} I remember seen statemens like that. A friend of mine enters with the trend using big lot size and little TP, so he has a big wining rate with 15 or 10 pips TP, and huge SL. His wining rate was awesome, and his account grow very fast. But sometimes he get catched in a gap against his trade and he lose the profit of a month. Way too much for my nerves.
I don't have huge SL and little TP.
  • #20,594
  • Aug 28, 2016 2:58pm Aug 28, 2016 2:58pm
yeah tim isoara...you're solid as that rock....you live in paradise there......the pics show clear waters, luvthat
  • #20,595
  • Aug 28, 2016 3:01pm Aug 28, 2016 3:01pm
one hour till they kick the door open in Sydney and Asia..........huh!! get this now....Uriah.........am I right or what....
Uriah Heep.....ummmm

ummmmmmm
umm 1973 LIve in London......at their peak....July Morning....recorded live ladies and gentlemen.....crank it tup
  • #20,596
  • Aug 28, 2016 3:05pm Aug 28, 2016 3:05pm
I don't know why they close it on the weekends.. its a casino, image how much they would win opening the markets another 104 days a year..
  • #20,597
  • Aug 28, 2016 3:27pm Aug 28, 2016 3:27pm
hi cy....it still goes.....and shows on charts by 7:00 Z .......lately it get's tougher they hide it.......fxcm had it 10 years ago.....
  • #20,598
  • Aug 28, 2016 3:41pm Aug 28, 2016 3:41pm
Well im aware that it still goes.. but Im saying why not have active trades available, maybe no liquidity because the banks aren't open?
  • #20,599
  • Aug 28, 2016 4:26pm Aug 28, 2016 4:26pm
it would be cool to have it 24/7, but fx is a bank-dependent market
  • #20,600
  • Aug 28, 2016 4:30pm Aug 28, 2016 4:30pm
Quoting charron
{quote} Pound is in uptrend across the board in all Pairs. too early for short I m going to hold on to my Longs
Yen pairs, still clear uptrend to me. I will continue to keep my longs and buy more over 133.92
16 traders viewing now