but then again it could be a bear flag. GU dumped last hour so this could very well be
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Enter The Dragon - GBP/JPY 2 replies
Info on the Borihei-Dragon Scalping System? 15 replies
The Dragon 441 replies
Scalping The Dragon 34 replies
***Dragon II*** 15 replies
Disliked{quote} I don't know if it's because I'm not trading atm but I'm sitting here and dreaming up a scenario of a drop into 177.27-174.87 (perhaps even 173 in order to kill some bull stops) before some up-moves happen in the first half of next year. In my view a drop into that area would complete the weekly market profile that has been forming since 16.08.2015. Obviously we'll know in the next month or two if this is true but I'm curious - what are your thoughts on the mid-term (6-month to 9-month) viability of this scenario as of this moment? P.S.:...Ignored
Disliked{quote} When I notice market doesnt behave normally, I try to get out of my positions as soon as possible, rather a range trading approach even we get directional move sometimes. 3-6 month I defenitely see it long, fundamentals are still the same but sentiment is not because of political conflicts. If you remember I called 181 as support few weeks ago and since then we had a almost print of 189. So 181 is still that support, if it doesnt hold you may get your 174.88 or 177.25. Nonetheless I'd have a look at 179 too.Ignored
Disliked{quote} Hi, will you trade this FED madness or stay out of the market today?Ignored
Disliked{quote} Ill trade it, I dont hype it though and its not more madness than the other Draghi speeches before, doesnt matter the outcome. EUR/USD: I will not short it, I may miss out a trade here but I rather be long than short. If I cant get a long im flat.Ignored
Disliked{quote} Well, you might be able to afford it. But I guess it is never a mistake to wait until these decisions are brought up to the table. Preserving capital is more important than anything else.Ignored
Disliked{quote} That wasnt my point, I got no position before news. Am watching 1.0825 / 1.0890 / 1.0750Ignored
Disliked{quote} First and last tick are the most expensiveIts ok if I can enter 10-20 pips off the low, if this long scenario actually happens. Even cant tell what the probable outcome will be, so it doenst matter anyway. Its about to wait for it and trade it accordingly.
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Disliked{quote} I will not be there due to other events I have to attend, but I guess there will be many more trades either on Thursday, Friday or next year.Ignored
Disliked{quote} Of course. When I see the hype of that 'decision' (and most traders still see E/U at parity) I just can think of long, cant help it. $ overvalued atm.
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Disliked{quote} Well you never know ... "A lawyer who was shopping for an expert witness recently called me. His client, a university professor, had shorted Dell at 20 several years ago, before the splits, after his broker told him it "could not go any higher". That stock became the darling of the bull market, went through the roof, and a year later the professor covered at 80, wiping out his million-dollar account, which represented his life savings. That man was smart enough to earn a Ph.D. and save a million dollars but emotional enough to follow his...Ignored
Disliked{quote} The context here is "it cant go any higher" since parity seems obvious.Ignored
Disliked{quote} When I notice market doesnt behave normally, I try to get out of my positions as soon as possible, rather a range trading approach even we get directional move sometimes. 3-6 month I defenitely see it long, fundamentals are still the same but sentiment is not because of political conflicts. If you remember I called 181 as support few weeks ago and since then we had a almost print of 189. So 181 is still that support, if it doesnt hold you may get your 174.88 or 177.25. Nonetheless I'd have a look at 179 too.Ignored