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Dragon Riders GBP/JPY

  • #27,681
  • Nov 9, 2017 5:57am Nov 9, 2017 5:57am
Quoting maflip
{quote} lol here ya go zigzag pom pom. Them girls got BIG...... heart. heh heh https://www.youtube.com/watch?v=KEhEl0qXK8A
Never Ever Give Up
  • #27,682
  • Nov 9, 2017 5:59am Nov 9, 2017 5:59am
Quoting maflip
I got no breakout play for GJ at the moment. But here's a possible pattern forming. For now Edgar's got the right idea to be short. However, be prepared in case it turns around to the upside. It's a possibility. If it's retest the trend line. A possible inverted H&S if it breaks above it. Might go back up.... AGAIN {image}
This one has given 50 pips earlier. Didn't take it huh?
  • #27,683
  • Nov 9, 2017 7:16am Nov 9, 2017 7:16am
I think... We are at beautiful support on the 5M..who see the same?
R2R=from Reversal to Reversal
  • #27,684
  • Nov 9, 2017 7:35am Nov 9, 2017 7:35am
Strange that the unemployment figures had no effect on the dollar
Never Ever Give Up
  • #27,685
  • Nov 9, 2017 7:36am Nov 9, 2017 7:36am
Quoting sumar
GU up. UJ down. GJ don't know where to go. UP DOWN UP DOWN UP DOWN. Maflip, do you have a music video for it? lol
I stopped trading this pair due to this reason but then i realized that in new york session it follows uj and Gu in the remaining sessions. BUT its not a set rule. Its best to look at it technically and not in correletaion to orher pairs.
  • #27,686
  • Nov 9, 2017 7:39am Nov 9, 2017 7:39am
Quoting NMZee
{quote} I stopped trading this pair due to this reason but then i realized that in new york session it follows uj and Gu in the remaining sessions. BUT its not a set rule. Its best to look at it technically and not in correletaion to orher pairs.
I see what you mean but the GU and UJ does have some effect on the GJ, technically
Never Ever Give Up
  • #27,687
  • Edited 8:04am Nov 9, 2017 7:50am | Edited 8:04am
test drive new toy
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I apply GJ M30 strategy to AUDUSD as demand by friend from singapore not bad
* AUDUSD only con is not much pips move ... sad face
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**** maflip bro , my new toy work !!!!!!!!!!!!!!
tp1 0.76469
+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+ If a pattern does not make sense to you , don't trade it. +
+--------------------------------------------------------------------------------+
Exits == most important part of your strategy
  • #27,688
  • Nov 9, 2017 7:58am Nov 9, 2017 7:58am
Quoting NMZee
{quote} I stopped trading this pair due to this reason but then i realized that in new york session it follows uj and Gu in the remaining sessions. BUT its not a set rule. Its best to look at it technically and not in correletaion to orher pairs.
That is why I think GJ is harder to trade. During London session I mostly look at GU and US session I look at XAUUSD more. Hmmm... How about put 2 moving averages on UJ and GU if both moving averages are crossing on UJ and GU at same direction then trade GJ. It just cross my mind right now. I haven't tried it yet. Try them on M5 charts.
  • #27,689
  • Edited 8:18am Nov 9, 2017 8:02am | Edited 8:18am
GJ at the moment 148.75 am buying dips even if it goes down to 148.00 or 147.00 these area all very nice entry to build long postions.

GJ is targeting minimum 156 area and possible 160 and above.

so be careful bear u never know when the beat decide the bottom and start flying make sure u have tight stoploss
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  • #27,690
  • Nov 9, 2017 8:09am Nov 9, 2017 8:09am
Hi,

I am short on JPY crosses...for now...but yes, things can change very quicky and painful.
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  • #27,691
  • Nov 9, 2017 8:10am Nov 9, 2017 8:10am
Gold just got rejected at day's high. Is going down now. Probability UJ is going to go back up. But trade own signal. For me it's just warning not to short UJ or yen pairs for now.

Weak follow thru after it break support. This is UJ though.
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  • #27,692
  • Edited 8:49am Nov 9, 2017 8:15am | Edited 8:49am
GBPJPY
=====
H4 stochastic cross down
M30 stochastic cross up ,
M15 Bear in control .
===============
comment
if M30 stochastic cross up time, all M30 bar can't close above 148.815,, by the moment M30 stochastic cross down , GJ gg
* so I just need look at M30 bar + M30 stochastic.
Now I have this baby toy
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+--------------------------------------------------------------------------------+
+ Your biggest enemy in trading is going to be a directional bias. +
+ If a pattern does not make sense to you , don't trade it. +
+--------------------------------------------------------------------------------
Exits == most important part of your strategy
  • #27,693
  • Nov 9, 2017 8:16am Nov 9, 2017 8:16am
So far GBPJPY, EURJPY look good for trading, and even USDJPY somewhat wants to join the fun.
Here's Tom with the weather.
  • #27,694
  • Nov 9, 2017 8:25am Nov 9, 2017 8:25am
Quoting msniper
GJ at the moment 148.75 am buying dips even if it goes down to 148.00 or 147.00 these area all very nice entry to build long postions. GJ is targeting minimum 156 area and possible 160 and above. so be careful bear u never know when the beat decide the bottom and start flying make sure u have tight stoploss {image}
That is Daily time frame most of us here are just trading the M15 chart.
  • #27,695
  • Nov 9, 2017 9:03am Nov 9, 2017 9:03am
Quoting edmun1388
test drive new toy {image} I apply GJ M30 strategy to AUDUSD as demand by friend from singapore not bad * AUDUSD only con is not much pips move ... sad face {image} **** maflip bro , my new toy work !!!!!!!!!!!!!! tp1 0.76469 +--------------------------------------------------------------------------------+ + Your biggest enemy in trading is going to be a directional bias. + + If a pattern does not make sense to you , don't trade it. + +--------------------------------------------------------------------------------+...
hah hah nice one bro
  • #27,696
  • Nov 9, 2017 9:09am Nov 9, 2017 9:09am
Quoting maflip
Gold just got rejected at day's high. Is going down now. Probability UJ is going to go back up. But trade own signal. For me it's just warning not to short UJ or yen pairs for now. Weak follow thru after it break support. This is UJ though. {image}
This is one hour ago. Don't make me say I toldcha.
  • #27,697
  • Nov 9, 2017 9:22am Nov 9, 2017 9:22am
Quoting maflip
{quote} That is why I think GJ is harder to trade. During London session I mostly look at GU and US session I look at XAUUSD more. Hmmm... How about put 2 moving averages on UJ and GU if both moving averages are crossing on UJ and GU at same direction then trade GJ. It just cross my mind right now. I haven't tried it yet. Try them on M5 charts.
For the experiment I mentioned if both MA's on GU UJ crosses up let's see if GJ is gonna fly. Right now UJ crossed up waiting on GU.

But there's the scenario both crosses up and the other fizzles big time. So it's not 100%... Right now I'm just curious.
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  • #27,698
  • Nov 9, 2017 9:24am Nov 9, 2017 9:24am
Quoting maflip
{quote} That is Daily time frame most of us here are just trading the M15 chart.
alright be ready when GJ go above these 2 numbers 149.70 & 150.30 that's the big sign that the bottom is set and the rally to my 160 target is under process
  • #27,699
  • Nov 9, 2017 9:59am Nov 9, 2017 9:59am
Quoting edmun1388
GBPJPY ===== H4 stochastic cross down M30 stochastic cross up , M15 Bear in control . =============== comment if M30 stochastic cross up time, all M30 bar can't close above 148.815,, by the moment M30 stochastic cross down , GJ gg * so I just need look at M30 bar + M30 stochastic. Now I have this baby toy {image} +--------------------------------------------------------------------------------+ + Your biggest enemy in trading is going to be a directional bias. + + If a pattern does not make sense to you , don't trade it. + +--------------------------------------------------------------------------------...
result :
=====
GBPJPY M30 bar closed above 148.815 === long activated
Exits == most important part of your strategy
  • #27,700
  • Nov 9, 2017 9:59am Nov 9, 2017 9:59am
Quoting maflip
{quote} For the experiment I mentioned if both MA's on GU UJ crosses up let's see if GJ is gonna fly. Right now UJ crossed up waiting on GU. But there's the scenario both crosses up and the other fizzles big time. So it's not 100%... Right now I'm just curious. {image}
So both UJ and GU crossed up. But by the time they both crossed up it's already 20 pips late from my recommended entry.
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