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Dragon Riders GBP/JPY

  • #13,921
  • Edited 9:04am Jan 7, 2016 8:48am | Edited 9:04am
Quoting raiders
{quote} That bottom trendline is what I'm seeing. Just waiting for confirmation before the long.
Yes, confirmation needed, may be from GBPUSD ?
Elliott Wave for optimum entry, exit and risk management of trades
  • #13,922
  • Edited 12:20pm Jan 7, 2016 10:45am | Edited 12:20pm
Quoting skyhok
{quote} Yes, confirmation needed, may be from GBPUSD ?
ive been watching the chf all week. in my eyes its been giving me the cleanest moves across currency pairs the past few weeks.
anyways, check out the potential expanding bearish diagonal currently forming below the recent break of the longer term trendline. This is the same formation that the GJ formed a few weeks back prior to this major move. anyways, this seems to be the cleanest way to play the GBP currently for me. IF its a true move, the pattern is signaling more GBP weakness in the near term so im not eager to jump into anything long GBP without macro fundamentals at least giving me something to work with or short JPY without the run on china pausing. That said, im watching GJ but not moving on it and im watching GC waiting to drop a short
  • #13,923
  • Jan 7, 2016 11:18am Jan 7, 2016 11:18am
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Exits == most important part of your strategy
  • #13,924
  • Jan 7, 2016 12:00pm Jan 7, 2016 12:00pm
GBPJPY

Seems that the buyers are opening positions? , but there is still downside to complete the patterns.

BAT and CRAB pattern levels:
bd 224% = 172.226
bd 261.8% = 168.339
bd 361.8% = 158.053
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  • #13,925
  • Jan 7, 2016 12:42pm Jan 7, 2016 12:42pm
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10 min ago short , sry late.
Exits == most important part of your strategy
  • #13,926
  • Jan 7, 2016 1:01pm Jan 7, 2016 1:01pm
eyeballing 1.0920 in EU for a short in anticipation of tomorrows news. trying to see if I can get in early on a possible short.
  • #13,927
  • Edited 8:52pm Jan 7, 2016 8:09pm | Edited 8:52pm
Had my long open, but after the 4hr close at 5pm NewYork I closed it. So I then opend up a short, with a stop at the last high. Which got stopped out, ouch.
  • #13,928
  • Jan 7, 2016 8:19pm Jan 7, 2016 8:19pm
im sitting out today, well other than my EU short. its gonna get funky and i dont feel like playing games with the hedge funds that will be dumping like crazy before the weekend.
  • #13,929
  • Jan 8, 2016 12:13am Jan 8, 2016 12:13am
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Exits == most important part of your strategy
  • #13,930
  • Jan 8, 2016 3:24am Jan 8, 2016 3:24am
Short Forex Factory ...
Fix up, trade sharp ...
  • #13,931
  • Jan 8, 2016 6:34am Jan 8, 2016 6:34am
Quoting Hickson
Short Forex Factory ...
I try that -> m5 scalping

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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #13,932
  • Jan 8, 2016 7:16am Jan 8, 2016 7:16am
Quoting enigma4x
{quote} I try that -> m5 scalping https://www.youtube.com/watch?v=6j5t6WjtSfk {image} enigma4x
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enigma4x aka no education aka no clients aka no commercial - just a f***ing traderz
enjoy my life ... and ride the waves - all what I do
  • #13,933
  • Jan 8, 2016 7:39am Jan 8, 2016 7:39am
what a NFP today ???
i have seen a light rise up. in H4, but may be it need 24h next for cfmation.
  • #13,934
  • Jan 8, 2016 8:40am Jan 8, 2016 8:40am
Quoting Hickson
Short Forex Factory ...
Long this post
  • #13,935
  • Jan 8, 2016 8:51am Jan 8, 2016 8:51am
Quoting alexpi
{quote} Long this post
Can I stand middle , no trade
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Exits == most important part of your strategy
  • #13,936
  • Jan 8, 2016 9:58am Jan 8, 2016 9:58am
NU and NJ take a look at the clean breaks. This could be a nice fall
  • #13,937
  • Jan 8, 2016 10:11am Jan 8, 2016 10:11am
Yep 6568 then 6500 is what my buddy in Round Rock is trading......He posted look for a bounce.....then drew up a nice looking chart on fxstreet.....on the NU....
  • #13,938
  • Jan 8, 2016 10:22am Jan 8, 2016 10:22am
Also, would like to confirm a DP, but im looking at 170.6ish as a possible bounce target
  • #13,939
  • Jan 8, 2016 10:30am Jan 8, 2016 10:30am
Quoting Gbp/jpy
Yep 6568 then 6500 is what my buddy in Round Rock is trading......He posted look for a bounce.....then drew up a nice looking chart on fxstreet.....on the NU....
looking for close to 6600 to drop a short. i think this has good potential for a 300+ move. im looking for 625 initially. if you remember a few weeks back i was looking for the short around 686 but the lack of volume in the holiday season was extending the move. anyways....lets see if monday will bring 66
  • #13,940
  • Edited 1:32am Jan 9, 2016 12:00am | Edited 1:32am
cool any NZD is important these days...looking good long term also....the entire planet is trading the NZD as a carry

so we see 90% of the time the market price action is just reloading foe the main move....I'm tracking the time of the session the impulse move is made....by the banks

And today was the worst ever for the dry goods being moved around the globe.......it tanked big time......so, down the tubes we go.....smile....
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