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Dragon Riders GBP/JPY

  • #25,941
  • Jul 25, 2017 5:03am Jul 25, 2017 5:03am
Quoting LetsTrade
GBPJPY a falling wedge? {image}
posting charts without an obvious TF is pointless, good luck on your falling wedge, but may I suggest you look at a longer TF? since we dont know what TF you are posting.

Adding more longs as it moves back towards 144.00
  • #25,942
  • Jul 25, 2017 5:08am Jul 25, 2017 5:08am
Quoting juhanimi
can not go much higher, back down soon, how down, I do not know, we will see
wake up! only a fool says "can not go much higher" when referring to GJ or any pair for that matter. in fact I was a fool once, a long time ago, and guess wqhat my dumb ass did? I said the same stupid shit, when GJ was at 225, but guess what it went to 230, 231 232, and finally stopped at 251.XX, I'm trying to forget how much I lost on that run up, but every day I placed shorts I lied to myself and said "(it)(GJ) can not go much higher" as it turns out 251 was VERY MUCH HIGHER!
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  • #25,943
  • Jul 25, 2017 5:09am Jul 25, 2017 5:09am
closed shorts, have to wait and see, I was hoping more intensive down move
  • #25,944
  • Jul 25, 2017 5:12am Jul 25, 2017 5:12am
Quoting rmrf
{quote} wake up! only a fool says "can not go much higher" when referring to GJ or any pair for that matter. in fact I was a fool once, a long time ago, and guess wqhat my dumb ass did? I said the same stupid shit, when GJ was at 225, but guess what it went to 230, 231 232, and finally stopped at 251.XX, I'm trying to forget how much I lost on that run up, but every day I placed shorts I lied to myself and said "(it)(GJ) can not go much higher" as it turns out 251 was VERY MUCH HIGHER!
well, volume was diminishing in M15, that means that there are no buyers, but it should have come down with more power, so have to wait and see
  • #25,945
  • Jul 25, 2017 5:25am Jul 25, 2017 5:25am
Quoting juhanimi
{quote} well, volume was diminishing in M15, that means that there are no buyers, but it should have come down with more power, so have to wait and see
in a decentralized auction market volume means nothing as you cannot get it all or get a true volume reading, as the vol at each LP/broker is not added to one place where all volume can be seen, so its impossible to get a true accurate volume reading across the whole market, unless you know something I dont. so using vol is pretty much pointless, momentum maybe, but you better check your vol, if its vol for one broker/LP, then that isnt reliable at all and is an indication of nothing but local vol at your broker/LP.

and when there is no volume at your broker/LP, that doesnt mean there are no buy orders it doesnt even mean there are no buy orders at your broker.
  • #25,946
  • Jul 25, 2017 5:30am Jul 25, 2017 5:30am
Quoting rmrf
{quote} in a decentralized auction market volume means nothing as you cannot get it all or get a true volume reading, as the vol at each LP/broker is not added to one place where all volume can be seen, so its impossible to get a true accurate volume reading across the whole market, unless you know something I dont. so using vol is pretty much pointless, momentum maybe, but you better check your vol, if its vol for one broker/LP, then that isnt reliable at all and is an indication of nothing but local vol at your broker/LP. and when there is no...
I really do not care what you think about volume,but thanks anyway.
  • #25,947
  • Edited 6:12am Jul 25, 2017 5:34am | Edited 6:12am
use Google, if you want to know about volume, you should find some studies, that should make you think again

okey, let`s stop this nonsense and back to trading

edit. 2009 World Champion in Forex was a VSA trader, Tim Rayment if I remember correct
  • #25,948
  • Jul 25, 2017 6:11am Jul 25, 2017 6:11am
so what exactly are you waiting for? :J
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  • #25,949
  • Jul 25, 2017 6:25am Jul 25, 2017 6:25am
Quoting Onizuka
{quote} Buy at 145.03 to reach 145.28. TP +22 SL-15
Done Nice morning today

Well you don't have real volume on Forex but it can give you an " idea " of Activity.
It can be very helpfull.
In fact, VSA is the most powerfull trading tool in my opinion. ( the only one maybe )
  • #25,950
  • Jul 25, 2017 6:26am Jul 25, 2017 6:26am
Quoting M.Goldstein
{quote} From my point of view, exactly the opposite. Up for a while.
Quoting M.Goldstein
Buy stop entry @ 145,337 SL @ 143,744 Expiry date 25.07.
Triggered.
  • #25,951
  • Jul 25, 2017 6:45am Jul 25, 2017 6:45am
Hope it keeps going up. But so you know price is at daily resistance now. If it keeps going yeheyy. If not bohoo. It's for information only. No trade recommendation whatsoever I figured I just want to add to the confusion that's all.
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  • #25,952
  • Jul 25, 2017 7:06am Jul 25, 2017 7:06am
TP 2 145.44 triggered.
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  • #25,953
  • Jul 25, 2017 7:08am Jul 25, 2017 7:08am
Hi Guys,

Im new here, been following along for the past few days and learning alot from you guys so thanks

Resistance at 146.xx level? what do we think?
  • #25,954
  • Jul 25, 2017 7:10am Jul 25, 2017 7:10am
Quoting rmrf
{quote} in a decentralized auction market volume means nothing as you cannot get it all or get a true volume reading, as the vol at each LP/broker is not added to one place where all volume can be seen, so its impossible to get a true accurate volume reading across the whole market, unless you know something I dont. so using vol is pretty much pointless, momentum maybe, but you better check your vol, if its vol for one broker/LP, then that isnt reliable at all and is an indication of nothing but local vol at your broker/LP. and when there is no...
There are volume aggregators in the market (Reuters is one of them) where the majority of brokers get their data from so its a good representation of the market. So its not necessarily true that the volume you see on your platform is just your brokers.
You can also get volume data off Quandl which they say covers roughly 65% of the market.

Studies have shown the accuracy is within a 95% confidence level.
Boxing clever since 76.
  • #25,955
  • Jul 25, 2017 7:30am Jul 25, 2017 7:30am
Quoting nesta
analys-with.new-system {image}
TP1
if you my trade,My-post analysis, subscribed to ME
  • #25,956
  • Jul 25, 2017 7:33am Jul 25, 2017 7:33am
Quoting NMZee
{quote} Daily 100 ema is at 143.93. Which is in the centre of of an extended candle, if you dont consider indis in your trading then it should be a free fall to 142.3x but price does respect the emas, in most cases. we had weekly 20 ema at 144.51 as well. All signs favouring an upward move in the region of 145.80 / 146.20. Question is from which price, iss 144.01 it..??? Or it falls further. Needless to say after 143.90 i am a seller.☺
Ok. Question is what's next. Continuation upwards or back down again. Banked Nice 130 pips. I'll wait for news today due in 90 minutes. Most probably going for a short now around 145.40ish area.
  • #25,957
  • Edited 8:49am Jul 25, 2017 7:36am | Edited 8:49am
Quoting maflip
Hope it keeps going up. But so you know price is at daily resistance now. If it keeps going yeheyy. If not bohoo. It's for information only. No trade recommendation whatsoever I figured I just want to add to the confusion that's all. {image}
That language tho hahaha great Your yeheyy most likely show resistance in 147x - 148x area.

Quoting M.Goldstein
Consider this bullish triangle which started to build on 10.10.2016 Beautiful long term pattern. {image}
Quoting M.Goldstein
{quote} My favorite are always the big pictures In relation to it's existence date (build up since 10.10.2016), it deserves a lot of attention. For now i guess it will test the above resistance once again and then most likely give the support a fourth touch before it's heading to the long breakout. Anyways.. this needs more time to playout now. Keep an eye on it. Just my long-term thoughts as a position trader.
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  • #25,958
  • Jul 25, 2017 7:39am Jul 25, 2017 7:39am
Well, today can reach 146.20. But before it need to break this 145.60 zone.
Just need to monitor the price as well.
  • #25,959
  • Jul 25, 2017 7:55am Jul 25, 2017 7:55am
that 145.60 zone is stubborn bugger!!
  • #25,960
  • Jul 25, 2017 8:21am Jul 25, 2017 8:21am
Quoting rmrf
so what exactly are you waiting for? :J {image}
Places to buy and sell, you know.

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