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-   -   Dragon Riders GBP/JPY (https://www.forexfactory.com/showthread.php?t=514697)

gespiri Nov 7, 2018 12:46pm | Post# 29801

I shorted EJ at 130.00 few hours ago I believe GJ will follow it down my target in EJ is between 122 to 125 I know its big target not sure how GJ will react GJ might have good chance to be bought in area between 145 to 146 to target above 150 but at the same time a bearish scenario still valid to have a major big drop market is hard to read these days honestly
I think I'm going to short this between 149.40-149.60 targeting 145.xx.
The EW count on this is screwed up on the lower TFs. If you ask me, this recent move up from 142.75 looks like a wave C on the daily with a finish at 152.57.

Pip-Miner Nov 7, 2018 1:14pm | Post# 29802

Dragon - April sun in Cuba

Inserted Video

aa4fx Nov 7, 2018 5:17pm | Post# 29803

finally managed to catch a sell on 149.10 ... now it should drop
Even if I had a strong intention to hold my positions on, this one is finally out with small profit ... probably I will close the other ones too (148.28/.86) and look for other entries.

Erebus Nov 7, 2018 6:53pm | Post# 29804

1 Attachment(s)
{quote} Even if I had a strong intention to hold my positions on, this one is finally out with small profit ... probably I will close the other ones too (148.28/.86) and look for other entries.
so much wisdom in this thread, I sold, so now it will drop, oh yeah

and don't forget that pearl, small profits are great, probably double your account by the year 2525

we need more sellers!!! standby for Tokyo opens !!!!

Click to Enlarge

Name: 2018-11-08_9-50-10.png
Size: 110 KB

msniper Nov 7, 2018 7:45pm | Post# 29805

1 Attachment(s)
that's the scenario if we fail to take last month top
[attach]3078392[/attach]

Velol Nov 7, 2018 9:55pm | Post# 29806

that's the scenario if we fail to take last month top {image}
Looks good just add extra sell

Erebus Nov 7, 2018 10:26pm | Post# 29807

1 Attachment(s)
You want to trade Monthly now?

I like option B, B for Breakout, it's still early in the month

Click to Enlarge

Name: 2018-11-08_13-22-25.png
Size: 86 KB

PS, I know it's going to turn, but the price action will tell us that, simply selling will not stop it going up, so, do you feel lucky punk?

msniper Nov 7, 2018 11:41pm | Post# 29808

You want to trade Monthly now? I like option B, B for Breakout, it's still early in the month {image} PS, I know it's going to turn, but the price action will tell us that, simply selling will not stop it going up, so, do you feel lucky punk?
even if it will break up the last high I will not buy. buying is only attractive if it goes down to 145.xx to 146.xx area

this thing fly so far 700pips without any serious break. its too weak to make a real breakout honestly unless its just a quick spike before falling

Erebus Nov 8, 2018 12:07am | Post# 29809

{quote} even if it will break up the last high I will not buy. buying is only attractive if it goes down to 145.xx to 146.xx area this thing fly so far 700pips without any serious break. its too weak to make a real breakout honestly unless its just a quick spike before falling
it came from 1.43, was it attractive down there? you must be up 500 pips by now, right?

or you didn't see any signals? how will you see signal at the top?

msniper Nov 8, 2018 1:29am | Post# 29810

{quote} it came from 1.43, was it attractive down there? you must be up 500 pips by now, right? or you didn't see any signals? how will you see signal at the top?
I was long in 143 area but I exit my long around 145.xx because it was giving me mixed signals that it can be bearish and bullish so I was sidelines all these days trying to figure whats going on

either GJ is bearish or bullish we need a drop as correction to 145~146 area before any flying again

so I think best bet is to go short price now 149.25 lets see how deep it will correct or drop

mbrown Nov 8, 2018 1:34am | Post# 29811

1 Attachment(s)
Patiently waiting for 150 and beyond!
[attach]3078740[/attach]

msniper Nov 8, 2018 2:01am | Post# 29812

Patiently waiting for 150 and beyond! {image}
do u expect a strong breakout without a correction of 200 to 400 pips first ?

Cicciobello Nov 8, 2018 2:06am | Post# 29813

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I think that the end of the trend will be friday after important news about GBP
[attach]3078782[/attach]

msniper Nov 8, 2018 2:09am | Post# 29814

and guys don't forget the weekend gap on GJ around 146.70 there is huge chance that we will go down to fill it

aa4fx Nov 8, 2018 3:26am | Post# 29815

{quote} so much wisdom in this thread, I sold, so now it will drop, oh yeah and don't forget that pearl, small profits are great, probably double your account by the year 2525 we need more sellers!!! standby for Tokyo opens !!!! {image}
Sold the 149.41, looks like good decision to let that trade go.
Small profits here and there makes good money all together, but true, not as easy as taking a good trend.
I guess you wanted to show that you're close to double the account? or? ... money matters not %!

('hit it big' might give you surprises ...)

aa4fx Nov 8, 2018 4:40am | Post# 29816

{quote} Sold the 149.41
out now @ 149.09

aa4fx Nov 8, 2018 5:23am | Post# 29817

sold 149.35, maybe this time will fall deeper

aa4fx Nov 8, 2018 5:48am | Post# 29818

sold 149.35, maybe this time will fall deeper
not with me in this trade, out now @ 149.09

next? one more time! one more time!

aa4fx Nov 8, 2018 5:55am | Post# 29819

it could fall to 148.12, better happen while I'll be at lunch .. tp set on the remaining trades

ryaning Nov 8, 2018 5:59am | Post# 29820

it could fall to 148.12, better happen while I'll be at lunch .. tp set on the remaining trades
Sold at 148.90
Will follow it back down when it presents


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