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Dragon Riders GBP/JPY

  • #27,721
  • Nov 10, 2017 4:45am Nov 10, 2017 4:45am
May be false but may be keying the last resistance and switching it to support.
R2R=from Reversal to Reversal
  • #27,722
  • Nov 10, 2017 5:30am Nov 10, 2017 5:30am
The stumbling bloc atm seems to be the confluence of the 61.8% fib level taken from the Nov 7th high, and R1. If it can break this, I have two levels for today, the first being 14,990, which is the 76.4%, up to 15,011. The second is if it really pushes up, through R2, to 15,060, though that may be too much to ask for fr a Friday afternoon.
  • #27,723
  • Nov 10, 2017 5:44am Nov 10, 2017 5:44am
BEAUTIFUL
R2R=from Reversal to Reversal
  • #27,724
  • Nov 10, 2017 5:49am Nov 10, 2017 5:49am
Quoting cat
The stumbling bloc atm seems to be the confluence of the 61.8% fib level taken from the Nov 7th high, and R1. If it can break this, I have two levels for today, the first being 14,990, which is the 76.4%, up to 15,011. The second is if it really pushes up, through R2, to 15,060, though that may be too much to ask for fr a Friday afternoon.
Hopefully your analysis will be spot on. If it breaks through 149.76 I can see it going for 150 to 150.2 and even further to 150.8. Let's hold thumbs
Never Ever Give Up
  • #27,725
  • Nov 10, 2017 5:49am Nov 10, 2017 5:49am
Quoting maflip
{quote} Oh geezus it seems like it's going to work and without me. Nice day to take a day off. Two missed trade today GJ long and GOLD short. hah hah. Oh well me and wife is going to the mall. Laterz Gonna keep a watch on my phone if it hits the targets. heh heh Good pips to everyone. {image}
Oh what a bunch of bastards. They actually hit all targets all the way to 2:1. US Bank Holiday my ass. Hah hah. If you went long GJ this intraday session 5 hours ago. Grats to you.
  • #27,726
  • Nov 10, 2017 5:56am Nov 10, 2017 5:56am
Chances never end!!!!
R2R=from Reversal to Reversal
  • #27,727
  • Nov 10, 2017 6:12am Nov 10, 2017 6:12am
Quoting sumar
{quote} Hopefully your analysis will be spot on. If it breaks through 149.76 I can see it going for 150 to 150.2 and even further to 150.8. Let's hold thumbs
It hit the 76.4% as I thought it would, and a strong push up like that on a Friday afternoon is for me as good a place to cash in as any. It may well go higher, so if you're still long, I wish you luck!

Happy weekend to all!
  • #27,728
  • Nov 10, 2017 7:36am Nov 10, 2017 7:36am
Quoting cat
{quote} It hit the 76.4% as I thought it would, and a strong push up like that on a Friday afternoon is for me as good a place to cash in as any. It may well go higher, so if you're still long, I wish you luck! Happy weekend to all!
I think it currently sits at the lower end of the uptrend trendline, which could provide good resistance (trend from august till 7 november), see my screenshots on this, this has confluence with the 78.6% fibonacci level of the last sharp move down (7th november)

But i have another question, why do u use a 76.4% level? This is no fibonacci level, that is 78.6%, What is your experience with this level your using?
Thanks!

1 Hour chart
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daily chart
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  • #27,729
  • Nov 10, 2017 9:49am Nov 10, 2017 9:49am
OOPS it s turning again , no more up or what? bulls did not have lunch?
R2R=from Reversal to Reversal
  • #27,730
  • Edited Nov 11, 2017 12:00am Nov 10, 2017 11:41pm | Edited Nov 11, 2017 12:00am
Gold went down big time before Friday's close (as I predicted ehem ehem) but it's back in the buy area. A good place to watch next week because if it keeps going down UJ goes back up and it might lift GJ up some more too.

Two days ago I mentioned both GU and UJ are at support areas and GU got a lift. So now if UJ gets a lift as well so is GJ. Hopefully though GU remains still as UJ is going up so that GJ does not zigzag AGAIN.

As for now these are IF scenarios, I just react as they happen and if what I say does happen. However, due to gold sudden drop last Friday UJ might at least go up by 20-30 pips Monday. Either it gaps up or go up 20-30 pips at least at the open. We'll see...

And that's my blah blah blah blah ba blah blah this weekend.

  • #27,731
  • Nov 10, 2017 11:54pm Nov 10, 2017 11:54pm
Hey wassup bro! Where have you been?
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  • #27,732
  • Nov 11, 2017 5:52am Nov 11, 2017 5:52am
Guys... is this pattern happening again, or I'm just seeing things? Really not sure what to think, maybe I'm imagining things...

Attached Image (click to enlarge)
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  • #27,733
  • Nov 11, 2017 8:12am Nov 11, 2017 8:12am
edunch,

It s nice i will think about the same same . why not?

Daily chart is not the proper choice for daily trader specially GJ as it s very volatile .

attached is supporting what u say but if confirmation of resistance required again by market and that may take RSI up to 60% . that will be very costly. so I can not rely on daily chart for entry.

Any how i m in sell for now seeing reversal sign on end of last Friday after while sentiment is up up !!!! That s also may match your shapes
Attached Image (click to enlarge)
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R2R=from Reversal to Reversal
  • #27,734
  • Nov 12, 2017 9:40am Nov 12, 2017 9:40am
Quoting maflip
Hey wassup bro! Where have you been? {image}
I pop by still, but I have decided to keep a lower profile, due to annoyance and also, the problem of being marked as commercial member.

Hoping to learn from everyone. Cheers.
  • #27,735
  • Edited 10:18pm Nov 12, 2017 9:54pm | Edited 10:18pm
looks like 148.93 is a good looking support, gonna give it a go...

filled, risking 10...

the only thing nice about that trade was it was over quickly....
Look Sharp/Trade Tight
  • #27,736
  • Edited 11:55pm Nov 12, 2017 10:08pm | Edited 11:55pm
TP1 148.885 reach
tp2 148.222
trend continuation
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Attached Image

signal down time is my sleeping hour , 6:15 am . sad face

* if price go above 149.280 , feel no good for that short , if price over 149.410 bye bye to short
* if price M15 close above TP1 148.885 , feel no good also , best close some
Exits == most important part of your strategy
  • #27,737
  • Nov 12, 2017 11:33pm Nov 12, 2017 11:33pm
Quoting edmun1388
TP1 148.885 reach tp2 148.222 trend continuation {image} {image} signal down time is my sleeping hour , 6:15 am . sad face * if price go above 149.280 , feel no good for that short , if price over 149.410 bye bye to short * if price M15 close above TP1 148.885 , feel no good also , best close some
I was awake, I started the sell end of Friday LOL.
R2R=from Reversal to Reversal
  • #27,738
  • Nov 13, 2017 12:10am Nov 13, 2017 12:10am
Quoting edmun1388
TP1 148.885 reach tp2 148.222 trend continuation {image} {image} signal down time is my sleeping hour , 6:15 am . sad face * if price go above 149.280 , feel no good for that short , if price over 149.410 bye bye to short * if price M15 close above TP1 148.885 , feel no good also , best close some
Seems like a good place to go long....tp 149.20
  • #27,739
  • Nov 13, 2017 12:18am Nov 13, 2017 12:18am
Quoting NMZee
{quote} Seems like a good place to go long....tp 149.20
I don know, but down trend is very strong now.
Any how the coming two hours will make it more clear.
R2R=from Reversal to Reversal
  • #27,740
  • Edited 1:04am Nov 13, 2017 12:35am | Edited 1:04am
Quoting NMZee
{quote} Seems like a good place to go long....tp 149.20
I will not do long
I only trade follow trend.
?? am I a consultant ? just joke.
Exits == most important part of your strategy
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