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Dragon Riders GBP/JPY

  • #21,001
  • Sep 2, 2016 3:11am Sep 2, 2016 3:11am
Quoting CindyXXXX
{quote} Hey mate Noticed no one replied to your post so let me try and offer a few comments. "you need to recover your losses in time" .. Forget it. Your money is gone, you can try and recover "in time" but you will just increase the cost of the same education. You are trying to create a system with bollinger bands stochastic and RSI and asking if WE think it will work? You answered your own question. Forget it, it wont work. Mate... You've been trading for 4 years.. It's time to jot down everything you've learned about the market and yourself....
great advice! however, his BB RSI STO can work, anything can work, stop studying your entries, while they are important, they are not quite as important as your exits! I can do random entries and with the right trade management and the right EXITS, make a profit, the profit is secured with the exit order and it is most important, think about it!
  • #21,002
  • Sep 2, 2016 3:14am Sep 2, 2016 3:14am
Quoting Pip-Miner
{quote} brilliant bro . what you think NFP positive i suspect
its almost a sure thing, the number is manipulated,, it will be the 3rd NFP in a row that is better than expected, a release of 250K will rock UJ on up and GU down,
GJ could follow either UJ or GU as G/J is U/J / G/U

besides they can revise the number later and change it again heh, the news is just a means to move the markets
  • #21,003
  • Sep 2, 2016 3:20am Sep 2, 2016 3:20am
Quoting rmrf
{quote} its almost a sure thing, the number is manipulated,, it will be the 3rd NFP in a row that is better than expected, a release of 250K will rock UJ on up and GU down, GJ could follow either UJ or GU as G/J is U/J / G/U besides they can revise the number later and change it again heh, the news is just a means to move the markets
so hope so bro this could run like last night , let us get over uk news first
  • #21,004
  • Sep 2, 2016 3:23am Sep 2, 2016 3:23am
its going up with a fury here!
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  • #21,005
  • Sep 2, 2016 3:28am Sep 2, 2016 3:28am
pre-news release:

quick analysis.
(no active positions)

long entries around: 137.12x-136.9x

flag pattern, possible bullish breakout...
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  • #21,006
  • Sep 2, 2016 3:28am Sep 2, 2016 3:28am
Quoting artooks
thank you very much everyone, i really liked this forum, everyone is so friendly and helpful, now i need to recover losses in time, so can you i am trying to create a system using bollinger bands, rsi and stocastic do you think these three indicators will be enough also will use support resistances , can you please tell me if these will be enough ? And how to combine and decide how to enter and exit, i would be happy just to hear a few comments, thanks in advance.
before you learn a system, may i suggest some studies in market mechanics? And perhaps develop a skill set and an understanding for the market, if you want to trade live money without any real forex experience,
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  • #21,007
  • Sep 2, 2016 3:29am Sep 2, 2016 3:29am
Quoting artooks
Thank you very much everyone, I really liked this forum, everyone is so friendly and helpful, now I need to recover losses in time, so can you I am trying to create a system using bollinger bands, RSI and Stocastic do you think these three indicators will be enough also will use support resistances , can you please tell me if these will be enough ? and how to combine and decide how to enter and exit, I would be happy just to hear a few comments, thanks in advance.
BEFORE YOU LEARN A SYSTEM, MAY I SUGGEST SOME STUDIES IN MARKET MECHANICS? AND PERHAPS DEVELOP A SKILL SET AND AN UNDERSTANDING FOR THE MARKET, IF YOU WANT TO TRADE LIVE MONEY WITHOUT ANY REAL FOREX EXPERIENCE, you are sure to lose it over and over again, lost money is the best teacher but there are better ways to learn!
  • #21,008
  • Sep 2, 2016 3:31am Sep 2, 2016 3:31am
positive let the money roll
  • #21,009
  • Sep 2, 2016 3:32am Sep 2, 2016 3:32am
Quoting openyoureyes
pre-news release: quick analysis. (no active positions) long entries around: 137.12x-136.9x flag pattern, possible bullish breakout... {image}
breakout.

will go north fast.
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  • #21,010
  • Sep 2, 2016 3:33am Sep 2, 2016 3:33am
Quoting Pip-Miner
positive let the money roll
Better than expected number but the industry is still contracting. So its a good and bad news
  • #21,011
  • Sep 2, 2016 3:39am Sep 2, 2016 3:39am
UK Construction/Mfg doing good==> GBP Bullish
US Rate hike rumors==> USD Bullish
JP Kuroda not sure if he will do something, but will keep up with his rhetoric==> JPY Bearish

We will not see much movements till NFP.
Based on NFP, USD will move up or down, so is the pair USD/JPY

If poor NFP data==> GBP/USD will zoom up and GBP/JPY will follow suit, but at lower speed
If strong NFP==> GBP/USD will be slightly bearish, but GBP/JPY will move up at high speed

Either ways I think fundamentally GBP/JPY has good days today, unless we see extreme NFP data.

Just my 3 Cents
  • #21,012
  • Sep 2, 2016 3:39am Sep 2, 2016 3:39am
http://www.forexfactory.com/trades.p...ions-details=7

who is the clown with 2000 shorts holding the price down? LOL then at NFP he is going to flip? or kill his 5 mil acct?
  • #21,013
  • Sep 2, 2016 3:42am Sep 2, 2016 3:42am
Triangle top??
  • #21,014
  • Sep 2, 2016 3:47am Sep 2, 2016 3:47am
JPY is weak as hell so we still ok
  • #21,015
  • Sep 2, 2016 3:48am Sep 2, 2016 3:48am
Quoting Pip-Miner
positive let the money roll
  • #21,016
  • Sep 2, 2016 3:50am Sep 2, 2016 3:50am
EZ money scalping in range 5-10 pips for 3 hours heading into NFP soak up those loose pips
it aint going anywhere now til NFP hammer it
  • #21,017
  • Sep 2, 2016 3:53am Sep 2, 2016 3:53am
Trade what you see! LQQK!@!!
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  • #21,018
  • Sep 2, 2016 3:56am Sep 2, 2016 3:56am
Quoting rmrf
http://www.forexfactory.com/trades.p...ions-details=7 who is the clown with 2000 shorts holding the price down? LOL then at NFP he is going to flip? or kill his 5 mil acct?
he just might get his way of dragging down the price, i would stay away from GJ at this moment and watch.
  • #21,019
  • Sep 2, 2016 4:03am Sep 2, 2016 4:03am
Quoting amoc
{quote} he just might get his way of dragging down the price, i would stay away from GJ at this moment and watch.
If that guy has a mini or micro account he has only 200 or 20 standard lots so chill out boiz.

Either way the 2000 lots:
1) are not that much for the market
2) stop influencing the market once put into the trade
  • #21,020
  • Sep 2, 2016 4:10am Sep 2, 2016 4:10am
Price moves up to the point of 138,054. In the near future will be to test the resistance line.
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