Dragon Riders GBP/JPY

so here I should be adding to my shorts, but I already sqr'd them up all one of them. so for example, I am looking for 136.4 & 135.2 and should still be in my short and should have faded the top hard off the top and had 50 orders not one, reality grid trading is more my style than swing trading.

Anyways its unlikely we will get to 135.2 but we may, 140.1 MS1 & 139.35 WS1 are more likely reversal points, think about where the big buyers are going to be, the orders are already there waiting. I am going to start scaling in long soon

ok I added one long, started scaling in long, all the way down into 1.345 if need be

Ok Im gone for the day, see you tomorrow will be a wild day today, lots of fast and hard moves today, remember using a tight stop loss during high volatility is like leaving your wallet on the front porch at night when you go to bed and leaving the porch light on!

At least your losses are limited to what you put in your wallet (stop loss orders)

always use a stop loss, buit think about this, only reason anyone places a stop loss order is to secure a loss!
(dont try to tell me the limit a loss lie, it doesnt limit the loss it directly CAUSES the LOSS!

YUP! That's why you have to trade with a plan. One entry and a stop loss is method for disaster, a 2 or 3 or even 4 trade package trying to mitigate the loss works for me. It's easier to trade against something and close out everything when in profit. Dragon whips it's tail too much for a tight stop.

for sure! I max out at 200 orders on some brokers and others dont limit me its insane the web you can weave into a huge grid, there is something to be said about always being in the market, small position sizes and wide loss stops and carefully calculated profit stops, most of the market movement is caused by stops getting hit, until the obvious news event then everyone has their fingers on the trigger and as soon as a breakout starts every other algo in the world jumps on. Ive got some fully automated trading bots that are doing well, but that takes all the fun out of it. #1 goal capital p[reservation, only way to make it through (LT) this 100% manipulated auction market. the pending orders (liqiuidity) is what prepaves the path price can travel, ultimately the path price takes is determined by the orders being entered at market (there is way more RT orders than you imagine)(this is what fuels the fire and buys the bank traders hot toddy's), however when you see slowing momentum on like 15 M chart with no news stimulus thats the bank coming in with pending orders contratrend thicker and thicker, slowing price down slowly, trying to lure as much money as they can into the trade short, then when price falls to the presett point (SiGNIFICANT LEVEL)(think confluence of three reliable items) then they enter the market at market (even though only a fool enters at market) with a large VOL or orders, but not too big in the lot sizes, as price ALWAYS moved qucikest in the direction of least liquidity (FACT)(understand underlying market mechanics) so if they come in with lot sizes too big that will show their hand and make price jump qucik, so they come in with smaller lot sizes, then finally the flip (reversal), they just trigger it, once its triggered, RT's start closing their shorts (makes price go up more as short is closed with a BUY (at market or hitting SL) the more shorts are closed the more buys causing price ot continue on up, then every other algo jumps on the newly formed trend out of the reversal.

watch the PA long enough you will easily see what BM (big money) is doing everyday, literally making 80%+ of all the pips, they dont use loss stops (DUH) they use opposing orders (hedge)(soft stop). BM work in pairs one swing trader and one market maker and know they always have at least 20-50 other BM traders, they trade together against RT's,. many thanks tto all the RT's for throwing their dollars into the fire to keep it going, but its about time to crank up the AC here.

you would do well to take the short off the top and hold, I am accumulating longs as it has a bit to go down yet before it really revereses up, and yes LT once we get through this mess, GJ will go up, but for now there are far to many sticking points, and based on what bloody May said today, and the BoE, the signal is clear, down for now for GBP. no matter ill continue to build my position long all the way down into 1.352 or 134.5 if need be but surely we wont get that far, and it desnt matter how far we get im long and will keep accumulating longs, in spite of the bad news that a rate hike is much further away now for GBP.

It just reminds me of a snoop dogg’s song Drop it like its hot . Its heavily falling, aiming for 140 to test at least.

Ofcourse you Do.
we are here to listen and discuss not to show off, keep your profits to yourself no need to post it here.

And the breakout was indeed a false one.

Here is the current situation on the 1h chart, as far as this long descending channel is concerned (see chart below).
Some pullback should take place now (and in that case I will be shorting some more).

Having said this, within one day, I was removed from the that same pivot thread. Because, of closing my short on GJ. I did close it because of own analysis as there was bullish momentum. But the thread owner, assumed I closed the short because some of his thread members insisted to do so. Such a crap mentality.

I thank others for sharing their real opinions on market like Mr.Breakout, hilmy, connors, angelina and so many others out there.

It's hard to listen to someone when you can't see their results... You have to tread lightly in this thread take everything with a grain of salt... what people post here aren't predictions or true insight, it's for validation of their own trading. I've seen many lose their account based on info posted on forums.

Beware of thread info unless you can see how the trader is actually doing on their own account....

I'm long now since 140.67, TP will be at 142.00.

I believe you are running a system on the FF platform, something called Explorer, right?
Could you please copy and paste the exact URL of your equity curve, I am not familiar with FF Explorer?
Thanks.

Man I ain't technical support... I just want to know who I should be listening too.... There are people that love to give mis-direction

It was a very simple (and politely asked) question really, and a simple "Sorry, I really don't know how to do this" would have been enough.

Anyway.

But I know how...lol I don't feel like making baby Jesus cry.... it ain't that hard..lol

So Mr GBP/JPY, are you going to pullback or not, so I can short you again?

Or perhaps you are waiting for Bank of Japan Minutes (7:50 PM EST), is that it?

Bought GBP/JPY at 140.70, 35 pip stop.
I am betting on a pullback to the 141.20 area.
Then I will short again at that price and make at least a 100 pip total on that round-trip (50 + 50).

Yep, that's it.

Now let's see...

Sounds good... I'll be watching... It looks it may go further down.. I will be adding a short 141.20 makes sense.

Interesting.

So you believe some traders (or even brokers) know exactly where the market is headed so they start posting lies to intentionally deceive unsuspecting FF traders and pocket their hard-earned money?

You my friend have probably been watching too many James Bond movies LOL

See you at the bank then.