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Enter The Dragon - GBP/JPY 2 replies

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Attachments: Dragon Riders GBP/JPY
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Dragon Riders GBP/JPY

Quoting edmun1388
testing 123 https://www.forexfactory.com/showthr...6#post10147956 {image} test see can win or not , hehe
after 55 min
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when I say short, those guy short with negative pips all become happy now lolz
Exits == most important part of your strategy
Quoting NMZee
{quote} It's frustrating that gu going up but now uj dragging GJ down. I am currently-35 pips but going to hold.
UJ have more weight during USD high impact news time. I sensed there's trouble on UJ after it got rejected at R2 without even hesitating. That's why I quickly exited my long entry. Now UJ is going down and GJ following it. Good news is wait for GU I'm almost sure if it can't go below 1.32144 now after this UJ action. GU is going to go up later. Wait for itttttt . If not later tomorrow. Remember that big IF there.
Be like water go with the flow
Quoting M.Goldstein
Hey Traders, i want go give you a little update of my opinion as a position/carry trader on this pair. This is the D1 timeframe. We have a really nice Ascending Triangle here which builds up since 11.10.2016 The pair will do a last move to the Ascending Triangle's resistance level and then go back to it's support level one last time to head for the bullish breakout. The base range of this pattern is, as you can see from the attached picture, at 167x (over 1.900 PIPS). Since the support line is as far very respected since 11.10.2016 it makes sense...
IF and when we break the ascending triangle, we are in for a 14,400 pip move up as first target. There is nothing to stop us then.
Quoting M.Goldstein
Hey Traders, i want go give you a little update of my opinion as a position/carry trader on this pair. This is the D1 timeframe. We have a really nice Ascending Triangle here which builds up since 11.10.2016 The pair will do a last move to the Ascending Triangle's resistance level and then go back to it's support level one last time to head for the bullish breakout. The base range of this pattern is, as you can see from the attached picture, at 167x (over 1.900 PIPS). Since the support line is as far very respected since 11.10.2016 it makes sense...
For a long term yes, but if you check on the weekly will show a different pattern, which is bearish flag pattern.
Quoting zhafryy
If the chart is correct, Buy limit is should be set around here. Feel free to comment. 145.539 - 145.410 {image}
Your zone is tested. We are bouncing off 145.9 like i mentioned in my previous post.
Quoting zhafryy
{quote} For a long term yes, but if you check on the weekly will show a different pattern, which is bearish flag pattern.
True
Quoting M.Goldstein
My opinion as a position/carry trader on this pair.
Quoting karasinga
{quote} survived by a whisker. now eyes wide open{image}
watching 146.02 and 145.913 for possible exit
It is not over until I win
Adding short at yesterday high.
Quoting maflip
{quote} I checked out her history post. She blew up her account shorting bitcoin ah hah hah hah
thats really funny even a monkey can buy BTC in the dips gently, with small position sizes and low leverage, no stop losses and buy and hold, it will clear $3000 before long and that will become hard support. Those who imagine it will fall hard forget about the crowd mentality of marching right off a cliff.

BTC CFD , but really when the shiznat hits the fan I want something locally negotiable and negotiable the world around
Quoting Denden2012
Current move is a correction into demand at 145.972. If that fails, 145.777 is key demand. Momentum is up on Daily, 4H and 1H. Trend is sideways on Daily, Up on 4H and up on 1H. I am anticipating the beginning of reversal in the direction of impulse once London closes. Trade safely. {image}
To the pip, just as expected.
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Quoting maflip
{quote} UJ have more weight during USD high impact news time. I sensed there's trouble on UJ after it got rejected at R2 without even hesitating. That's why I quickly exited my long entry. Now UJ is going down and GJ following it. Good news is wait for GU I'm almost sure if it can't go below 1.32144 now after this UJ action. GU is going to go up later. Wait for itttttt . If not later tomorrow. Remember that big IF there.
GU Cup and Handle pattern. If this works. Might be what GJ needs for a little lift back up. But I'm done trading 12:30AM here. Maybe tomorrow.
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Be like water go with the flow
Quoting nesta
{quote} TP1 146.277 TP2 146.864
tp2--80%
if you my trade,My-post analysis, subscribed to ME
EURGBP finally broke out of the channel, this will put downward pressure on GBP for the rest of the day probably, lets see if it can break 0.90 EURJPY almost setting new highs while GBPJPY still way lower.
2nd test
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good luck , I going to sleep soon , 2 am here.
Exits == most important part of your strategy
Quoting taciho
EURGBP finally broke out of the channel, this will put downward pressure on GBP for the rest of the day probably, lets see if it can break 0.90 EURJPY almost setting new highs while GBPJPY still way lower.
i have come to the conclusion that its not safe to trade GJ during big US data. I am never sure when it stops following GU and attaches to UJ. I have pulled my hair enuff times to realise that i have no way to be sure of its direction.
Quoting NMZee
{quote} i have come to the conclusion that its not safe to trade GJ during big US data. I am never sure when it stops following GU and attaches to UJ. I have pulled my hair enuff times to realise that i have no way to be sure of its direction.
Yes I am getting more and more frustrated with this summer trading. Big spikes, no time to close it and when you get back it rectraced 110%, it's a joke this market and I am thinking about taking a summer break after this week, because this market is going absolutely nowhere.
Guys,
What do you think about GBPJPY? Is this retrace E wave is over or will it take up to 152 level to kill all stops above 148 level before going down or will it go down immediately?
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ما طار طير و ارتفع الا و كما طار وقع
after each top there will be bottom
after each mountain there will be a vally
and after GJ went up, it must fall down.
momentum on H4 shows exhustion of the bulls
moving average 25 is showing on h4 750 points differenace to the top at which it is a good signal that it might go down " i said it might !!"
osma also is above zero on h4 and it has 11 bars above zero so in avearge 12 to 14 bars ....

so yes it will fall down.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
3rd test
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previous long closed with +0.5 pips lolz
* late reply due hypersnap not working
Exits == most important part of your strategy
my-system
TP1 145.652
if you my trade,My-post analysis, subscribed to ME
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