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Dragon Riders GBP/JPY

  • #26,181
  • Jul 31, 2017 4:08am Jul 31, 2017 4:08am
First of all thanks to everyone contributing and sharing their view on the market. Seems like downtrend is really picking up strength.
  • #26,182
  • Jul 31, 2017 4:10am Jul 31, 2017 4:10am
Quoting zhafryy
{quote} Yup, that the last demand it need to go through.
yes. either hold or go through... "decision making zone" but order flow favors the bears. can this change? yes. watching PA attentively
It is not over until I win
  • #26,183
  • Jul 31, 2017 4:39am Jul 31, 2017 4:39am
Quoting karasinga
{quote} yes. either hold or go through... "decision making zone" but order flow favors the bears. can this change? yes. watching PA attentively
i can see a smile starting to appear on your face now.
  • #26,184
  • Jul 31, 2017 4:41am Jul 31, 2017 4:41am
Quoting Pip-Miner
{quote} i mentioned about month ago 148 was the top. Now seeing a Head and shoulder formation on daily . This is a confirmation she going to collapse hence short, going 144 first , then if that breaks good bye.
Agree : Head - Shoulder , 144 break.
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  • #26,185
  • Jul 31, 2017 4:43am Jul 31, 2017 4:43am
Quoting Pip-Miner
{quote} i can see a smile starting to appear on your face now.
happy trading buddy... it could be luck
It is not over until I win
  • #26,186
  • Jul 31, 2017 5:07am Jul 31, 2017 5:07am
To watch mS2 144.789 & S2 144.605

Move the stop loss on a trade to break even, less headache.
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  • #26,187
  • Jul 31, 2017 5:08am Jul 31, 2017 5:08am
The rectraces on GBP pairs are huge after a drop, they are either really chopping or they are trying to scare shorters out of their positions, before the big move down.
  • #26,188
  • Jul 31, 2017 5:09am Jul 31, 2017 5:09am
Quoting karasinga
{quote} happy trading buddy... it could be luck
out
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have doubled my daily quota. let me see if I can get more.... not greedy but as long as I have a set up, why not
It is not over until I win
  • #26,189
  • Jul 31, 2017 5:15am Jul 31, 2017 5:15am
Quoting taciho
The rectraces on GBP pairs are huge after a drop, they are either really chopping or they are trying to scare shorters out of their positions, before the big move down.
Notice that as well, but we'll just let it set and go.
  • #26,190
  • Jul 31, 2017 5:23am Jul 31, 2017 5:23am
Long setup coming up on GU IF it trades above the arrow. Don't worry GJ shorts you are fine as long as UJ is still going down. It might just mean more ranging for GJ for now if GU goes up.
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  • #26,191
  • Jul 31, 2017 5:33am Jul 31, 2017 5:33am
any price between 144.96 and 144.82 is value for possible long
It is not over until I win
  • #26,192
  • Edited 6:39am Jul 31, 2017 5:53am | Edited 6:39am
GU is about to break up the arrow I placed. If it does that and you are short around 144.80 hah hah it sucks really bad. But that's life right? It's kewl GJ H4 setup short is still on. Need lots of patience if you traded the H4 setup.

Edit: GU up is not yet broken for now. So far short is still safe.
Edit: M15 must close above resistance
  • #26,193
  • Edited 7:33am Jul 31, 2017 5:59am | Edited 7:33am
Quoting karasinga
any price between 144.96 and 144.82 is value for possible long
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edited:
obstacles that market has to overcome:
There are 4 dense areas(check the chart) that market has to conquer if it will achieve the target. Having said that, by the time market is done with zones it might be quite exhausted and probably pull back . it will be important to be vigilant within the zones for any sign of change of trend.
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best wishes
It is not over until I win
  • #26,194
  • Jul 31, 2017 6:41am Jul 31, 2017 6:41am
Quoting RBlackburn
Long from 145.08 SL: 144.80 TP:147.40 _______________ Sell limit @ 147.40 SL: 147.92 TP: 131.31
...
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  • #26,195
  • Jul 31, 2017 7:20am Jul 31, 2017 7:20am
Quoting maflip
Long setup coming up on GU IF it trades above the arrow. Don't worry GJ shorts you are fine as long as UJ is still going down. It might just mean more ranging for GJ for now if GU goes up. {image}
Scalped the GU fade short. Couldn't break resistance. Aaaannnddddd GJ is still ranging.
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  • #26,196
  • Jul 31, 2017 7:24am Jul 31, 2017 7:24am
Quoting karasinga
{quote} {image}
How long have you been trading Supply and Demand my friend?
  • #26,197
  • Jul 31, 2017 7:41am Jul 31, 2017 7:41am
Quoting Denden2012
{quote} How long have you been trading Supply and Demand my friend?
not long my friend. why? still learning the game/dance
It is not over until I win
  • #26,198
  • Jul 31, 2017 7:47am Jul 31, 2017 7:47am
Quoting karasinga
{quote} not long my friend. why?
You don't come across many supply and demand traders here so it's nice to see another one of us around. Don't mind if I subscribe to you.

Did you learn from TIOF thread?
  • #26,199
  • Edited 8:02am Jul 31, 2017 7:52am | Edited 8:02am
Quoting Denden2012
{quote} You don't come across many supply and demand traders here so it's nice to see another one of us around. Don't mind if I subscribe to you. Did you learn from TIOF thread?
Yes, all credit goes to Michael although as you can tell I am trying to make it my own(still in the process). No problem buddy... welcome and let us learn together
It is not over until I win
  • #26,200
  • Jul 31, 2017 7:52am Jul 31, 2017 7:52am
Are we getting reverse cup&handle formation on Daily GJ?
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