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Dragon Riders GBP/JPY

  • #27,561
  • Nov 2, 2017 7:07am Nov 2, 2017 7:07am
Quoting maflip
{quote} There's your fireworks. Spiked up then back down. I guess it's priced in lol.
Made traders excited and then unexcited....... I guess there's a few traders crying....lol
Never Ever Give Up
  • #27,562
  • Nov 2, 2017 7:21am Nov 2, 2017 7:21am
Quoting sumar
{quote} Made traders excited and then unexcited....... I guess there's a few traders crying....lol
And we got another bad boy coming tomorrow the NFP.
  • #27,563
  • Edited 7:35am Nov 2, 2017 7:22am | Edited 7:35am
Quoting sumar
{quote} Made traders excited and then unexcited....... I guess there's a few traders crying....lol
ya, I short max pips +50 not close , sudden stop loss get hit -35 ....crying .. sad face
Attached Image

+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,564
  • Nov 2, 2017 7:25am Nov 2, 2017 7:25am
Quoting edmun1388
{quote} ya, I short max pips +50 not close , sudden stop loss get hit -35 ....crying .. sad face
Ah bro should have taken profit before the release. Better safe than sorry.
  • #27,565
  • Nov 2, 2017 7:27am Nov 2, 2017 7:27am
The Dragon is always fun to play with..
  • #27,566
  • Nov 2, 2017 7:32am Nov 2, 2017 7:32am
Today's report then NFP tomorrow and after that if we trade below this fractal. That's it for GU and for GJ it will depend on what UJ does next. If it can break above the weekly resistance of UJ GJ is just going to range. But for GU it looks like it's just hanging on to support area waiting for a break.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
  • #27,567
  • Nov 2, 2017 7:43am Nov 2, 2017 7:43am
Quoting hathor
Hi! In my opinion GBP weakness is coming in longer term view. GbpUsd target 1.27xxx; GbpJpy target under 135.xxx So my plan is "the higher I can sell - the better"...time will tell... Regards, h.
Your dragon will drop to hell imho. Trade well.
(my opinion and not a fact - don't trade it and do not let your trade be affected by my post. thank you!)
f(z)=z2+c
  • #27,568
  • Nov 2, 2017 7:56am Nov 2, 2017 7:56am
Quoting edmun1388
{quote} ya, I short max pips +50 not close , sudden stop loss get hit -35 ....crying .. sad face {image} +--------------------------------------------------------------------------------+ + Your biggest enemy in trading is going to be a directional bias. + +--------------------------------------------------------------------------------+
I had a sell stop order at 131.90 tp was hit at 131.20.... do u see it go down till 130.2x. Do you have any opinion on it..?
  • #27,569
  • Nov 2, 2017 8:00am Nov 2, 2017 8:00am
Quoting hathor
{quote} Your dragon will drop to hell imho. Trade well. (my opinion and not a fact - don't trade it and do not let your trade be affected by my post. thank you!)
But majority of traders were thinking rate hike = 1.3500.....plenty caught with pants down
  • #27,570
  • Nov 2, 2017 8:14am Nov 2, 2017 8:14am
Cmon retrace baby
  • #27,571
  • Nov 2, 2017 8:18am Nov 2, 2017 8:18am
Quoting FKhan
Cmon retrace baby
Are you long?
  • #27,572
  • Nov 2, 2017 8:22am Nov 2, 2017 8:22am
Quoting FKhan
Cmon retrace baby
Khan Sb,
going against the market, mana..!!
  • #27,573
  • Nov 2, 2017 8:29am Nov 2, 2017 8:29am
Quoting NMZee
{quote} Khan Sb, going against the market, mana..!!
Ur right. Needs care and patience... but gotta ride the dragon sometimes.. thora uper aa jae n ill b out
  • #27,574
  • Nov 2, 2017 8:35am Nov 2, 2017 8:35am
Quoting FKhan
{quote} Ur right. Needs care and patience... but gotta ride the dragon sometimes.. thora uper aa jae n ill b out
IA.
  • #27,575
  • Nov 2, 2017 9:08am Nov 2, 2017 9:08am
Do you guys know how this Heikin Ashi is placed in a sub window? I don't know how to do it. This is there because I got it as a template. I even tried ctrl+drag it won't work.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 53 KB
  • #27,576
  • Edited 10:43am Nov 2, 2017 9:10am | Edited 10:43am
First things first imho:

- First - this week has to turn to bear -> under weekly open
- Second - this month has to take out the low of the previous monthly candle [146.929]

than...a consolidation of the down move is in the cards for me...to get liquidity/new bulls (AND dont forget the fact that breaking of a low attract a lot of sellers...they have to be shaken out) to continue the drop under 140.xxx

Therefore AB = CD and we have finished.
[A] 151.921
[b] under 146.929
[C] between 'under 146.929' & 151.921
[D] depends on point 'C'

PS: imho = in my humble opinion; not a fact; dont trade it - thank you
f(z)=z2+c
  • #27,577
  • Nov 2, 2017 9:51am Nov 2, 2017 9:51am
I feel this market is currently in an important zone due to the huge fundamental driven move downwards. The hourly candle has pierced the first support level of 149.162, but as I am typing this post, it is retreating to above this level. If this candle closes above we might see some consolidation or retracement IMO. preferably we stay above the trendline which started at 23 of August, which currently sits at 149.300 level on my chart.

If the 149.162 level is broken, the next trendline up aligns with the resistance which turned to a support zone in October. (148.400 to 147.400). This should provide serious support. Another confluence within this zone is found in the Fibonacci retracement level of 38.2% of the move from 23 August to 21 September (147.653).

Hope my charts provide some information on my very humble opinion.
Please don't use my analyses for your own trading

Hourly chart
Attached Image (click to enlarge)
Click to Enlarge Name: NOTtraded GBPYJPY AFTER 2-11 (1of 3).png Size: 32 KB


Daily chart with all trendlines
Attached Image (click to enlarge)
Click to Enlarge Name: NOTtraded GBPYJPY AFTER 2-11 (2of 2).png Size: 41 KB
  • #27,578
  • Nov 2, 2017 10:51am Nov 2, 2017 10:51am
The lower trend line I posted earlier on my journal has just been hit, and just below the H4 200ema which has been holding as support for over two weeks, and this may be a bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 69 KB
  • #27,579
  • Edited 5:01pm Nov 2, 2017 1:50pm | Edited 5:01pm
Quoting cat
The lower trend line I posted earlier on my journal has just been hit, and just below the H4 200ema which has been holding as support for over two weeks, and this may be a bottom. {image}
Hi cat,

Yep, it looks like a >temporary< bottom... and 149.392 act as flip level for me in the last couple of weeks, so I wouldnt be surprised if price would touch it or get even higher...after that I would like to see the price to descend again.

Regards,
h.
f(z)=z2+c
  • #27,580
  • Nov 3, 2017 12:07am Nov 3, 2017 12:07am
Quoting RondaRousey
{quote} Money never sleeps. Only noobs do. went long at 150
went long at 150 and then went short at 150. WTF

rate increase and GBP went south

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