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Dragon Riders GBP/JPY

  • #21,661
  • Sep 20, 2016 9:25pm Sep 20, 2016 9:25pm
overview of fiscal policy: very bearish for yen
  • #21,662
  • Sep 20, 2016 9:26pm Sep 20, 2016 9:26pm
need to reach 2 hour and be careful all of my friend. I never trade the event time.
  • #21,663
  • Sep 20, 2016 9:26pm Sep 20, 2016 9:26pm
What a move by GJ and EJ. Did anyone catch that quick move down and up? 114.672 for EJ is my tp and 114.28 is my tp for GJ
iLuv JPY pairs
  • #21,664
  • Sep 20, 2016 9:33pm Sep 20, 2016 9:33pm
GBP/JPY has moved up over 200 pips, even after the better than expected interest rates announcement. Looks like it's time to soar for the mighty dragon. I'll be watching in big TF whether this move will last or not.
  • #21,665
  • Sep 20, 2016 10:20pm Sep 20, 2016 10:20pm
sellin 133.21 just coz of the 333 sma true trendline is there....after the 5M line held on that first attack...the 15M might hold the first time....
  • #21,666
  • Sep 20, 2016 10:38pm Sep 20, 2016 10:38pm
What a scary looking chart. This news from BOJ sure is going to give us a nasty whipsaw.
Attached Image
iLuv JPY pairs
  • #21,667
  • Sep 20, 2016 11:15pm Sep 20, 2016 11:15pm
Next up the FED. No rate hike and that will push us up further.
Be humble or be humbled.
  • #21,668
  • Sep 20, 2016 11:21pm Sep 20, 2016 11:21pm
i got quite a few longs closed for great pips, 4 orders were 100+ pips

and yes I am short off 133.0 only briefly, waiting to see what london brings in a few

yeah I suck I only took 5% and 6% gain on my accounts, when I grow up I wanna be like GJ gangsta and be able to take that wild risk and double my account in one day but I am getting too old and conservative for all that.
  • #21,669
  • Edited Sep 21, 2016 12:01am Sep 20, 2016 11:24pm | Edited Sep 21, 2016 12:01am
Quoting rmrf
i got quite a few longs closed for great pips, 4 orders were 100+ pips and yes I am short off 133.0 only briefly, waiting to see what london brings in a few yeah I suck I only took 5% and 6% gain on my accounts, when I grow up I wanna be like GJ gangsta and be able to take that wild risk and double my account in one day but I am getting too old and conservative for all that.
Doubling the account in a day isn't what professional traders will do with their main account. It's more like gambling than trading.

GBP/JPY has broken first daily resistance, USD/JPY has broken second daily resistance, GBP/USD is testing the resistance. Let's see who will prevail in the end.
  • #21,670
  • Sep 20, 2016 11:29pm Sep 20, 2016 11:29pm
Quoting TicoForex
{quote} I haven't seen any volatility at all during Aussie market. Market will more than likely remain dead flat until BOJ and/or FOMC I would consider going long on GJ as the move up is the least expected and it is revealed by the massive shorting which is going on in both EJ and GJ.
During half an hour (after I went to bed) everytime the GJ moved up, a rapid and violent correction moved it back, look at your chart in 1 minute.
  • #21,671
  • Sep 21, 2016 12:00am Sep 21, 2016 12:00am
london open, lets get a boatload of longs in this dip for the next leg up! into 134 maybe 135
  • #21,672
  • Sep 21, 2016 12:01am Sep 21, 2016 12:01am
Quoting JJSerrault
{quote} Doubling the account in a day isn't what professional traders will do with their main account. It's more like gambling than trading.
I know JJ thanks I was being ironic, with doubling your account in one day also comes losing it in a day :|
  • #21,673
  • Sep 21, 2016 12:03am Sep 21, 2016 12:03am
bwhahaha london will be taking us up, sqr up those shorts!
  • #21,674
  • Sep 21, 2016 12:05am Sep 21, 2016 12:05am
Quoting rmrf
{quote} I know JJ thanks I was being ironic, with doubling your account in one day also comes losing it in a day :|
Yea, I was just saying my opinion. Unless I can predict the future 100% all the time, I will never do that crazy gamble.
  • #21,675
  • Sep 21, 2016 12:12am Sep 21, 2016 12:12am
JJ what I like to do is limit losses @ 2% per trade and 5% per account per day, with that being said, my max loss is 5% in one day (HARD CODED NO ALTERING REAL TIME)(for those dumb asses like I used to be , who lies to self and says GJ is coming back while they keep moving SL further away trying to secure a bigger loss), but my max gain is not hard coded like that max loss at 5% per day, so I shoot for 5% per day profit which is already insane, and hard to get while limiting risk,

let your winners run and cut your losers short is the secret, you cant just say it, you actually have to do it.
saying it, thinking it, imagining it and doing it are of course very different things.

my old trade explorer is still here from long ago, dunno how to add the newest one I funded after brexit, so I can share it.
  • #21,676
  • Sep 21, 2016 12:27am Sep 21, 2016 12:27am
Quoting TicoForex
What a move by GJ and EJ. Did anyone catch that quick move down and up? 114.672 for EJ is my tp and 114.28 is my tp for GJ
but of course I caught them for about 1000 pips at .01 though 4 orders were 100+ on two accounts, one live account gained 5% other 6%
multiple orders pyramided
  • #21,677
  • Sep 21, 2016 12:29am Sep 21, 2016 12:29am
Quoting rmrf
JJ what I like to do is limit losses @ 2% per trade and 5% per account per day, with that being said, my max loss is 5% in one day (HARD CODED NO ALTERING REAL TIME)(for those dumb asses like I used to be , who lies to self and says GJ is coming back while they keep moving SL further away trying to secure a bigger loss), but my max gain is not hard coded like that max loss at 5% per day, so I shoot for 5% per day profit which is already insane, and hard to get while limiting risk, let your winners run and cut your losers short is the secret, you...
Been there, done that. Glad to meet fellow trader who thinks realistically.
  • #21,678
  • Sep 21, 2016 12:33am Sep 21, 2016 12:33am
beware the bear trap here, I am getting slippage to the downside on my longs as far as 20 pips in my favour
  • #21,679
  • Sep 21, 2016 12:35am Sep 21, 2016 12:35am
price is going

lol

cheers and trade safe

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #21,680
  • Sep 21, 2016 12:37am Sep 21, 2016 12:37am
Quoting Gbp/jpy
sellin 133.21 just coz of the 333 sma true trendline is there....after the 5M line held on that first attack...the 15M might hold the first time....

yes baby gr8 call!
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
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