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Dragon Riders GBP/JPY

  • #23,441
  • Mar 7, 2017 10:19am Mar 7, 2017 10:19am
Quoting Rouge
{quote} looks like it doesnt want to cooperate with me ..
138.90 is a tough support to break it seems
Trade what you see, not what you think.
  • #23,442
  • Mar 7, 2017 7:45pm Mar 7, 2017 7:45pm
Quoting karmostaji
{quote} 138.90 is a tough support to break it seems
I still favour long. It has been a month of trying for the dragon to break towards 136/137 and the pair is in vain.

Then again, 142 is hard to break through either.
  • #23,443
  • Mar 7, 2017 8:04pm Mar 7, 2017 8:04pm
Quoting FxLapozi
{quote} I still favour long. It has been a month of trying for the dragon to break towards 136/137 and the pair is in vain. Then again, 142 is hard to break through either.
I went short 2 days ago and still holding short position. Why? Yen is rising... looking for a spot to short UJ as well.
You came here for the truth and let me unveil it for you
  • #23,444
  • Mar 7, 2017 8:14pm Mar 7, 2017 8:14pm
Quoting RondaRousey
{quote} I went short 2 days ago and still holding short position. Why? Yen is rising... looking for a spot to short UJ as well.
It's ok. I am hedging and tight SL for the long. The long trade has a r;r of 1:3. Worth taking.

Potentially, short trades may go as low as 137.50/60.
  • #23,445
  • Mar 7, 2017 8:53pm Mar 7, 2017 8:53pm
The mechanical system I use tells me to short, or should have shorted an hour ago and my mind keeps telling me dont, go long. what a dilemma,
  • #23,446
  • Mar 7, 2017 11:35pm Mar 7, 2017 11:35pm
Quoting FxLapozi
{quote} I still favour long. It has been a month of trying for the dragon to break towards 136/137 and the pair is in vain. Then again, 142 is hard to break through either.
Good observation .... today candle should test the 142
  • #23,447
  • Mar 7, 2017 11:47pm Mar 7, 2017 11:47pm
Quoting knightpips
{quote} Good observation .... today candle should test the 142
Not today.....That is like treefiddy pips away, literally 350 pips.
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Dragon Rider
  • #23,448
  • Mar 7, 2017 11:51pm Mar 7, 2017 11:51pm
Quoting knightpips
{quote} Good observation .... today candle should test the 142
Its been a month, but keeps cominh back for a reason lol..

Should drop like hell today. Even the other yen currencies cleared small intraday suports and have not come back up for a rebound during the 1st hour in eur session
  • #23,449
  • Edited 12:36am Mar 8, 2017 12:07am | Edited 12:36am
Quoting FxLapozi
{quote} It's ok. I am hedging and tight SL for the long. The long trade has a r;r of 1:3. Worth taking. Potentially, short trades may go as low as 137.50/60.
138.66 Yeah, very very close now. UJ is running up, so depends on GU. And UJ has to keep it up, because, let's be honest, at every key point it's turned and done the opposite.
  • #23,450
  • Mar 8, 2017 12:29am Mar 8, 2017 12:29am
Quoting Windstrown
{quote} Its been a month, but keeps cominh back for a reason lol.. Should drop like hell today. Even the other yen currencies cleared small intraday suports and have not come back up for a rebound during the 1st hour in eur session
EU 1st hr is usually best for corrections to complete.
  • #23,451
  • Mar 8, 2017 1:28am Mar 8, 2017 1:28am
Quoting FxLapozi
{quote} It's ok. I am hedging and tight SL for the long. The long trade has a r;r of 1:3. Worth taking. Potentially, short trades may go as low as 137.50/60.
How do you calculate r:r? If I understand correctly. r:r = 1:3 means 100 pips drop compares to 300 pips rise. Is it?

But I agree. I wouldn't short GJ atm. I would rather buy when it drops.
  • #23,452
  • Mar 8, 2017 3:57am Mar 8, 2017 3:57am
Going to try a small buy with a tight stop at 138.31 - Original plan, trend is south so waiting for price to break the green level and retest it so I can short my way down to support zone 1. Will buy some at support zone 1.
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  • #23,453
  • Mar 8, 2017 4:12am Mar 8, 2017 4:12am
Quoting Kissa
The mechanical system I use tells me to short, or should have shorted an hour ago and my mind keeps telling me dont, go long. what a dilemma,
dilemmas end in 1 way and thats a hard over trade. easy to maintain.
  • #23,454
  • Edited 5:32am Mar 8, 2017 5:17am | Edited 5:32am
Can try a short at 139. 60/65 with tight stop if you want....for a quick 20pips
  • #23,455
  • Mar 8, 2017 5:18am Mar 8, 2017 5:18am
Quoting Noors
Going to try a small buy with a tight stop at 138.31 - Original plan, trend is south so waiting for price to break the green level and retest it so I can short my way down to support zone 1. Will buy some at support zone 1. {image}
Man I hope you caught that one one way or the other, was thinking about it as left work but said naah, just a buy at market, when i got home all alarms were ringing and totally missed it myself.

Quoting 4exDentist
{quote} dilemmas end in 1 way and thats a hard over trade. easy to maintain.
took the short the system suggested, chickened out but got a few pips on the short, gota learn to trust it.
  • #23,456
  • Mar 8, 2017 5:18am Mar 8, 2017 5:18am
Quoting frx_trader
{quote} How do you calculate r:r? If I understand correctly. r:r = 1:3 means 100 pips drop compares to 300 pips rise. Is it? But I agree. I wouldn't short GJ atm. I would rather buy when it drops.
Yes mate... you are absolutely right.

Quoting barloc
{quote} Not today.....That is like treefiddy pips away, literally 350 pips. {image}
Gone were those days we see 300-400pips daily for this dragon.
  • #23,457
  • Mar 8, 2017 5:21am Mar 8, 2017 5:21am
So like every stop loss from sells is getting devoured by the big boys right now.
Dragon Rider
  • #23,458
  • Mar 8, 2017 5:22am Mar 8, 2017 5:22am
Quoting FxLapozi
{quote} Yes mate... you are absolutely right. {quote} Gone were those days we see 300-400pips daily for this dragon.
Brexit ruined this pair
  • #23,459
  • Mar 8, 2017 6:25am Mar 8, 2017 6:25am
Quoting FxLapozi
Can try a short at 139. 60/65 with tight stop if you want....for a quick 20pips
Quick 16pips. Call it a day. keeping some of my longs, closing 3.
  • #23,460
  • Mar 8, 2017 6:36am Mar 8, 2017 6:36am
Shorting here for some
Edit: Closed for +20
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