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    • alexpi replied Apr 17, 2015

      1 reason to exit the GU short is that with the break of last week's high, albeit only by 2 points, I'm seeing a small long signal. I'd rather miss short profits than be on the wrong side of a news event if the fundamentals match the technicals in 5 ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 17, 2015

      Good (Euro) morning all From here on I agree with you Mpt. 180 has been my target for short entry for days, though I'm not sure if it's going to go as smoothly as you say, price can still penetrate 178.2/178.5 even and then get stopped at 178.6 ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 16, 2015

      GJ's loitering around FX-Ray's DP so it's a good time to look at the other pairs AU Broke much higher than I expected, now I'm hoping for a retracement to .763 so I can long hard with SL at .754 Coincides with my hope for UC to hit my sell ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 16, 2015

      GU reached my TP and sell limit, yen weakness is the only reason i could hope for for my TP on GJ now and further pound strength will put me out of GU... I'm split on whether to hold further... Mpt why do you think this is as far as it goes and not ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 16, 2015

      Action's excellent, great setup for a short from 178. Lots of trading in the 174.8-176.6 area, each move up is drawing liquidity from lower demand areas. Talking about 4H graph here Price could melt through this like butter. Bad side is that today ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 16, 2015

      Why did you sell there, the market was going up at the time? Don't stand in the way of a runaway train mate, I hope you managed to exit the scalp before the second pump Seems I was wrong with my worries for GJ, long from 176.9 for now, aiming 178 ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 15, 2015

      Sorry, I wasn't looking to aggravate you, though it seems I have for some reason I can't really understand. When I speak long-term about trades I usually mean 1-2 weeks for my 4H trades and 2-3 days for trades entered on 15m. When I speak long-term ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 15, 2015

      Long-term as in 2-3-4-5-10 years from now he will have had so many profits taken from these kinds of "i'll just move SL to BE" and so many losses caused by rushing to make up the lost profits that it will just ruin his patience and objectivity - ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 15, 2015

      Had the same position, though from 175.818, but I took profit at 176.508. Maybe, maybe not, with no indicator giving a signal right now I wouldn't be one to lose profit on this. If we get another opportunity going long again is okay, otherwise it's ...

      Dragon Riders GBP/JPY
    • alexpi replied Apr 15, 2015

      On what are you basing the belief that the long move will continue, given the fact that there is no momentum and really no long (or short) signals at this very moment? Are you really okay spending your money by betting on random directions? I'm ...

      Dragon Riders GBP/JPY