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Dragon Riders GBP/JPY

  • #27,581
  • Nov 3, 2017 2:35am Nov 3, 2017 2:35am
Trend line posted above still holding. I'd say 50/50 whether it goes up or down from here. If it breaks to the downside, then I have a support level at around 14,824, which would set up diversion if it got there, but it may just blast lower. The level of least resistance is down for sure, but because of the support we are on at the moment, it can just as easily rally from here. It's pays your money, take your pick.
  • #27,582
  • Nov 3, 2017 2:55am Nov 3, 2017 2:55am
PO long at above 149.220.
2 position that can give a long trial
1 : above 149.082
2. above 149.220
Exits == most important part of your strategy
  • #27,583
  • Nov 3, 2017 2:56am Nov 3, 2017 2:56am
Crazy mess . But Price action was right drop like a rock yesterday.
  • #27,584
  • Nov 3, 2017 3:49am Nov 3, 2017 3:49am
Very significant rejection on that trend line, which it does not want to go below it seems. Odds on it's up from here today, unless we get very poor UK data at 09.30.
  • #27,585
  • Nov 3, 2017 6:37am Nov 3, 2017 6:37am
Quoting edmun1388
PO long at above 149.220. 2 position that can give a long trial 1 : above 149.082 2. above 149.220
working
+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,586
  • Nov 3, 2017 7:18am Nov 3, 2017 7:18am
Quoting hathor
{quote} 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.
Lurking around the mentioned level.
f(z)=z2+c
  • #27,587
  • Nov 3, 2017 7:23am Nov 3, 2017 7:23am
Those of you who trade the NFP take care.... I don't have your guts....lol
Never Ever Give Up
  • #27,588
  • Edited 7:49am Nov 3, 2017 7:28am | Edited 7:49am
Quoting edmun1388
{quote} working +--------------------------------------------------------------------------------+ + Your biggest enemy in trading is going to be a directional bias. + +--------------------------------------------------------------------------------+
ah bro this thing might widen spread by 50 pips before going your way. You ready for that? Ah well it widened 13 pips for me not that bad
  • #27,589
  • Nov 3, 2017 9:58am Nov 3, 2017 9:58am
I thought the dragon would have reached 149.7 or the D/W/M pivot by now but 149.5 is well guarded it seems.
who dares wins
  • #27,590
  • Nov 3, 2017 10:58am Nov 3, 2017 10:58am
Quoting hathor
{quote} 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.
Quoting hathor
{quote} Lurking around the mentioned level.
Lets see what happens next.
f(z)=z2+c
  • #27,591
  • Nov 3, 2017 11:04am Nov 3, 2017 11:04am
Quoting hathor
{quote} {quote} Lets see what happens next.
H4 RSI is bear or down
but
H4 candle show is up , which one is correct. price action or indicators.
Exits == most important part of your strategy
  • #27,592
  • Edited 11:49am Nov 3, 2017 11:09am | Edited 11:49am
Quoting edmun1388
{quote} H4 RSI is bear or down but H4 candle show is up , which one is correct. price action or indicators.
Price action..... if it breaks through 149.35/40/50 we can see a +-250 move to 151.80
Never Ever Give Up
  • #27,593
  • Nov 3, 2017 11:38am Nov 3, 2017 11:38am
Nearing pattern completion a possible scenario... If they are serious of moving this up they have to keep pushing if not that is possibly what's going to happen.

So far so good for the longs though...
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  • #27,594
  • Nov 3, 2017 11:46am Nov 3, 2017 11:46am
Break above .50....good for longs...no...then...worrying.
  • #27,595
  • Nov 3, 2017 11:50am Nov 3, 2017 11:50am
Quoting MoneyFocus
Break above .50....good for longs...no...then...worrying.
.50 seems to hold. I suspect it will just continue to range until Monday
Never Ever Give Up
  • #27,596
  • Nov 3, 2017 12:07pm Nov 3, 2017 12:07pm
Quoting sumar
{quote} .50 seems to hold. I suspect it will just continue to range until Monday
yeah possible too market is too slow now
  • #27,597
  • Nov 5, 2017 2:29am Nov 5, 2017 2:29am
Bearish flag on the weekly? Seems like bulls are exhausted.

Current support at 147, lower will look at 139 ish. Although the whole process might take a while.

Should be very unlikely it will go beyond 152 - 153 September highs.
A 1 pip gain is better than a 1 pip loss.
  • #27,598
  • Nov 6, 2017 2:48am Nov 6, 2017 2:48am
The Dragon is waking up now. Will we see a move to 150.30 - 150.80 - 151???
Never Ever Give Up
  • #27,599
  • Nov 6, 2017 3:09am Nov 6, 2017 3:09am
I am hoping for a decent upmove
  • #27,600
  • Nov 6, 2017 3:35am Nov 6, 2017 3:35am
Quoting FKhan
I am hoping for a decent upmove
It seems like it's going that direction. Depending on how today goes, there'll be more push upwards tomorrow.
Here's Tom with the weather.
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