thank you,
I really hated that watermark
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let's wait and see where this goes, will be a nice short opportunity
I really hated that watermark
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let's wait and see where this goes, will be a nice short opportunity
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
DislikedBleh most of you guys are shorts long term but truth is there is a bearish H&S that is struggling to work. If it's to work this pair should have went down a long time ago. As for me, I'm an intraday trader so I don't care where this goes long term I only care about the now. Price is still on the bear side long term but be careful something does not look right. We could be seeing wave 2 down followed by a big wave 3 up. For today I will closely watch the dips and see if It can retrace enough for a buying opportunity intraday. {image}Ignored
Dislikedit's somewhat correlated, currently there is a link on weekly scale, however USDJPY a stronger driver of GBPJPY than GBPUSD for sure. Best to keep an eye on both. {image}Ignored
Disliked{quote} We have been up all day I won't be surprised if we go 150% over the daily range today. In a couple of days we might even be retesting 164 and if broken to 167 easy. We will find out. And the shorts keep adding shorts and the longs says yay!Ignored
Dislikedstill no position thankfully....If you go out to the weekly its more clear and like asg said its possibly the c leg of abc from the 5 waves down or even wave 3 and 173.6. although i had been struggling with this all week just lazyness on my part to not go further out i guess. every 5 waves needs to correct so if we get equal legs perhaps were looking at 167.8? Who knowsnot gonna hold anything longer that intraday though until its more clear. What is clear though is that RSI bottomed out and Stochs have turned up on the weekly so?? Strong...Ignored
Dislikedraiders you got a good point there. A potential sell off in SPX can send USDJPY south and drag the dragon with it sometime this week. I agree with you SPX is top heavy right now.Ignored
Dislikedyes I like your thinking. My take is that UJ / GJ / GU will still push higher still, obviously GU up and UJ up meaning that GJ x2 up. But once GU meets resistance @ 4340-60 and SPX starts to reverse and go down, pretty much UJ will follow, therefore dragging GBPJPY with it. Should be all done within next few days. My take on timing is as follows: Tuesday GBPUSD/GBPJPY still goes up and UJ also. Wednesday we peak out and SPX starts to reverse. That's where GBPJPY starts to crash. I'd say a fair target on GBPJPY short side is at least 157...Ignored