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Dragon Riders GBP/JPY

  • #21,121
  • Edited 6:45pm Sep 2, 2016 6:35pm | Edited 6:45pm
Yes, exciting times. We have some great new talent and the swing traders are working well with the intra day traders. September is here and the dragon is starting to trend. The swing trade happening is currently targeting 143 , enter on any significant dip and ride the dragon to the destination, she could go for another 400 pips.
we also experienced some news trading at the highest level, performed by our your new champion gjganster doubling his account less 3 hours and currently number 1 in the ff trading list. We witnessed the clean performed by a 5 million dollar retailer trader before the news, only to be taken out later on by commercial traders. Much more was learnt all exciting stuff.
  • #21,122
  • Sep 2, 2016 7:39pm Sep 2, 2016 7:39pm
Hey guys,

To start off I am honored and could not have done it without you all. Thank you all for your kind words. I consider all of your ideas when trading and I frequent this thread multiple times a day just to see what you are all up to. We did it! We are drawing so much attention to this thread and that really makes me so happy.

As a 23 year old in College full-time and working weekends in an ER it blows my mind that I was able to perform so well with only being back for two weeks. You see, I came from a very low point where I was convinced forex was not for me after losing almost all I had. Every trade I got wrong, it just never worked out it seemed. Well, I took a three month hiatus and came back with a fresh mind and to say the least I feel as if things just "click" now. As if there is some psychological barrier that prevents 95% of traders from being successful and I have been enlightened. I have no indicators. I have trend lines and fib levels that's it. My approach is 100% technical and based on price action alone. I ONLY trade GBP/JPY.

I look forward to future trading with you all and I would like to thank those who continue to support and mentor me. I was tickled to see I became the #1 TE on a site where people have traded for decades when I bring only 8 months of experience. Perhaps I have a new found skill for this line of work.


My inbox is blowing up and I promise I will answer you all eventually.

“In order to rise from its own ashes, a Phoenix first must burn.”

Dragon Riders for life!


Update:
Okay, the most popular question is how did I do it?

Simple.

Waited 15 minutes after the news dropped for the whipsawing to stop. Saw it was building an uptrend on the 15 minute chart and I deployed my soldiers. I entered on the next candle. I could have gotten out higher up for more profit but sometimes you just have to let the winners run. I am looking forward to next week where I hope to reach the 143 level.

Gangsta
  • #21,123
  • Sep 2, 2016 10:20pm Sep 2, 2016 10:20pm
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.

http://www.forexfactory.com/showthre...se#post7571448
A good trader follows his rules, but great trader knows when to break them
  • #21,124
  • Sep 2, 2016 11:30pm Sep 2, 2016 11:30pm
Quoting demark1
will hold GBP/JPY long for 1000 pips.
What's your SL
A good trader follows his rules, but great trader knows when to break them
  • #21,125
  • Edited 4:53am Sep 3, 2016 12:04am | Edited 4:53am
10 days old TE can say nothing @GJGangsta , anyways waiting for your achievement (y)
  • #21,126
  • Sep 3, 2016 8:13am Sep 3, 2016 8:13am
Gjgangsta - i ve been following your comments guys over the past few weeks and it encoureged me to join ff today and try to work the dragon as well
kudos Gjgangsta
  • #21,127
  • Sep 3, 2016 4:17pm Sep 3, 2016 4:17pm
Quoting Nazarani
Gjgangsta - i ve been following your comments guys over the past few weeks and it encoureged me to join ff today and try to work the dragon as well kudos Gjgangsta

Thank you and welcome to the team!
  • #21,128
  • Sep 3, 2016 6:26pm Sep 3, 2016 6:26pm
Never give up , think positive , we can do it together
Inserted Video
  • #21,129
  • Sep 3, 2016 7:05pm Sep 3, 2016 7:05pm
Hey all, GJGangtsta told me how well he's been doing trading GBPJPY aka "The Widowmaker" which is probably my favorite pair. Thought I'd come join up and see if I can learn and maybe contribute. I'm 40-ish and live near Seattle, doing trading full-time with some occasional business consulting on the side. After this week's big GJ run-up I'm looking forward to monday.
  • #21,130
  • Sep 4, 2016 8:19am Sep 4, 2016 8:19am
Quoting hello966
My sell trades still on.... {image}
Hi Hello966,

is you still holding your trade?
Let Market Tell You
  • #21,131
  • Edited 9:56am Sep 4, 2016 9:20am | Edited 9:56am
Quoting goldgirl
{quote} BOJ has been disappointing market for the past 2 decisions. I doubt they will plan any helicopter money action in near term.
Ive the gut-feeling that this time itll be different, I studied all JPY-Charts and all crosses are lined up to gain significantly ! best pair should be our Guppy !

The following night BOJ-governor Kuroda will outline his policies, Ill certainly short the YEN BEFORE THE EVENT !

watching the monthly charts should give you a clear picture. Also most other GBP-Pairs are set-up for huge gains, maybe with the exception of GBP/CAD : THAT ONE will depend on the price of oil !



https://i.gyazo.com/c6f0758dfa55bc26...240557bec9.pngive
  • #21,132
  • Sep 4, 2016 9:31am Sep 4, 2016 9:31am
I made a short of GJ at 134.983, so who can give me some advice I should close this or not? BOJ Gov Speaks will decide to down The value of Japan yen or not?
  • #21,133
  • Sep 4, 2016 9:46am Sep 4, 2016 9:46am
Quoting reddexx
Hey all, GJGangtsta told me how well he's been doing trading GBPJPY aka "The Widowmaker" which is probably my favorite pair. Thought I'd come join up and see if I can learn and maybe contribute. I'm 40-ish and live near Seattle, doing trading full-time with some occasional business consulting on the side. After this week's big GJ run-up I'm looking forward to monday.
Welcome reddexx to the team . I dont expect boj to do anything at all and not much to be said .However, as a bull it will only be a bonus. Will be looking to take Initial position for the swing Monday as we had a sell off. For the Bears make sure you have a stop loss - no more tears and sob stories please.
  • #21,134
  • Sep 4, 2016 11:03am Sep 4, 2016 11:03am
Quoting tracyxoan19
I made a short of GJ at 134.983, so who can give me some advice I should close this or not? BOJ Gov Speaks will decide to down The value of Japan yen or not?
Depends. If you have the capital to hold it, then hold till US rate decision. It's not going anywhere before rate decision

Close it on the day of rate decision. Whatever loss it is.
  • #21,135
  • Sep 4, 2016 11:12am Sep 4, 2016 11:12am
Quoting tracyxoan19
I made a short of GJ at 134.983, so who can give me some advice I should close this or not? BOJ Gov Speaks will decide to down The value of Japan yen or not?
Holding on to a short in the pair which has strongest uptrend of all pairs doesn´t make any sense to me, you´ll only lose more money IMHO !
  • #21,136
  • Sep 4, 2016 11:19am Sep 4, 2016 11:19am
Quoting parsifal23
{quote} Holding on to a short in the pair which has strongest uptrend of all pairs doesnt make any sense to me, youll only lose more money IMHO !
So you mean, I need to close this at the beginning of the transaction. Tks so much.
  • #21,137
  • Sep 4, 2016 11:21am Sep 4, 2016 11:21am
Quoting parsifal23
{quote} Holding on to a short in the pair which has strongest uptrend of all pairs doesnt make any sense to me, youll only lose more money IMHO !
BOJ news later today could send it crashing down like 200 pip ish or above from its current position
  • #21,138
  • Sep 4, 2016 11:39am Sep 4, 2016 11:39am
Quoting tracyxoan19
{quote} So you mean, I need to close this at the beginning of the transaction. Tks so much.
If you have any doubt about this pair, then close it. It doesn't make sense to hold if you don't know where it will go.

But if you are trading according to your strategy, and your strategy seems doesn't work for this pair. Then close it.

Yes, you lose some. But anybody strategy is not 100% bullet proof.
  • #21,139
  • Sep 4, 2016 11:52am Sep 4, 2016 11:52am
Quoting tracyxoan19
I made a short of GJ at 134.983, so who can give me some advice I should close this or not? BOJ Gov Speaks will decide to down The value of Japan yen or not?
maybe you should wait until Kuroda´s speech in about 10 hours to get out at a better price, but volatility will be very high so stay alert !
  • #21,140
  • Sep 4, 2016 12:34pm Sep 4, 2016 12:34pm
Dragon went crazy last week.

anyways, JPY pairs looking overextended and well over bought across various pairs. would not be looking to add longs at this point. possible short opportunities are definetly present though on some pairs. GJ is a beast though and I dont really see anything in either direction that looks particularly "safe" to me. but then again i havent really dug into it yet.

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