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Dragon Riders GBP/JPY

  • #26,601
  • Aug 17, 2017 12:52am Aug 17, 2017 12:52am
Went long from 141.8 chasing the 144 or even the 145 level
  • #26,602
  • Aug 17, 2017 1:30am Aug 17, 2017 1:30am
My guestimate GU goes down further UJ up but GJ follows GU down. Specially after retail sales news report. The FOMC yesterday is BS to the core that dragged UJ down. If i'm wrong then... Let's just say "shit happens". - Nicolas Cage
  • #26,603
  • Aug 17, 2017 1:35am Aug 17, 2017 1:35am
Quoting maflip
My guestimate GU goes down further UJ up but GJ follows GU down. Specially after retail sales news report. The FOMC yesterday is BS to the core that dragged UJ down. If i'm wrong then... Let's just say "shit happens". - Nicolas Cage
Ya, my long -10 pips closed .
Exits == most important part of your strategy
  • #26,604
  • Aug 17, 2017 1:44am Aug 17, 2017 1:44am
Quoting edmun1388
{quote} Ya, my long -10 pips closed .
There's an H4 short pattern there bro. It's kewl... If I'm wrong about UJ going up and GU UJ comes going down at the same time we might hit the 139.80 area today.
  • #26,605
  • Aug 17, 2017 2:44am Aug 17, 2017 2:44am
In my graphics I have installed the fibo indicator of Admiral Markets. The supports for today (usually match those given by Remz) are S1-141.47, S2-140.90, S3-140.09. Happy day to everyone.
  • #26,606
  • Aug 17, 2017 5:28am Aug 17, 2017 5:28am
Quoting darknecess
In my graphics I have installed the fibo indicator of Admiral Markets. The supports for today (usually match those given by Remz) are S1-141.47, S2-140.90, S3-140.09. Happy day to everyone.
Yup those levels are exactly like mine. They are only useful if the trader knows how to use it. It's a simple floor trader pivot. By the way, I'm expecting S1 to break. Notice GU is going down, UJ going up but it's not following UJ. Pound is really weak right now. Hopefully though later after the unemployment things are going to move much faster.
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  • #26,607
  • Edited 9:05am Aug 17, 2017 7:26am | Edited 9:05am
Inverted triangle wave e is done. Wave f is pending and could occur soon + long breakout watch out, IF it occurs it's final wave of the pattern.

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Inverted triangle resistance

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Inverted triangle support

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Inside "inverted triangle" resistance

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  • #26,608
  • Edited 8:22am Aug 17, 2017 7:48am | Edited 8:22am
I want long GJ now, any objection ?
* look like no good , no trend at all.
Exits == most important part of your strategy
  • #26,609
  • Edited 9:39am Aug 17, 2017 9:07am | Edited 9:39am
Quoting edmun1388
I want long GJ now, any objection ? * look like no good , no trend at all.
I know you just reversed short. I can smell it lol. UJ going down. Hopefully this is the one we've been waiting for. For only 16 HOURS! If not time to close shop for today.

Edit: If this is GJ double bottom at the daily. Might bounce back up. But, I'm not playing with it today.
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  • #26,610
  • Aug 17, 2017 9:52am Aug 17, 2017 9:52am
Just looking at the doble bottom at H1, a good entrance would be around 250


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- If you plant corn, you get corn
  • #26,611
  • Aug 17, 2017 10:04am Aug 17, 2017 10:04am
15 min showing convergence, let's see.
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  • #26,612
  • Aug 17, 2017 10:10am Aug 17, 2017 10:10am
One thing is for sure. This pair is a stop and reverse Martingale trader's nightmare. The death trade. But usually once this pattern picks a direction it moves 3x it's range. We'll see.
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  • #26,613
  • Aug 17, 2017 10:38am Aug 17, 2017 10:38am
forget all price limits and numbers provided by experts because their analysis is actually follow market events and direction ,and their analysis is only prediction ,maybe right or wrong......yesterday news had changed dollar direction against all analysis....better to hear news and listen to economists ..
  • #26,614
  • Edited 11:24am Aug 17, 2017 11:04am | Edited 11:24am
probable bearish deep crab in the making
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my 2 cents
It is not over until I win
  • #26,615
  • Aug 17, 2017 11:14am Aug 17, 2017 11:14am
took long gj target 143.95
Forex Learner
  • #26,616
  • Aug 17, 2017 11:51am Aug 17, 2017 11:51am
Update on gj short:
https://www.forexfactory.com/showthr...0#post10201680
  • #26,617
  • Edited 1:27pm Aug 17, 2017 1:14pm | Edited 1:27pm
Closed all my shorts on gj, 141,26 zone scared me, better safe than sorry.
  • #26,618
  • Aug 17, 2017 1:48pm Aug 17, 2017 1:48pm
grabbed a long at 25..very little experience trading this pair, any insight would be helpful! Thanks!
  • #26,619
  • Edited 2:13pm Aug 17, 2017 1:57pm | Edited 2:13pm
Not a good long enter oppertunity yet imo. I wait for the current 4h candle close + added new short at 141,209
  • #26,620
  • Aug 17, 2017 2:20pm Aug 17, 2017 2:20pm
Since it seems that 141.2xx is broken, next up; 140.5 as possible resistance? I've gone short at 141.10x... stoploss at 141.790 and tp at 139.350.. lets see what the market has in store
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