Dragon or Snake - GU, UJ, GJ, EU, EJ | Page 29 | Forex Factory

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Attachments: Dragon or Snake - GU, UJ, GJ, EU, EJ
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Dragon or Snake - GU, UJ, GJ, EU, EJ

  • #561
  • Jan 15, 2018 12:12am Jan 15, 2018 12:12am
10-Jan-2018
GBPJPY
snake ::152.670-151.522
dragon ::153.269-150.929

GBPUSD
snake ::1.37981-1.36855
dragon ::1.38354-1.36604

USDJPY
snake ::110.917-110.435
dragon ::111.388-109.942

EURUSD
snake ::1.22537-1.21653
dragon ::1.23053-1.21409
Exits == most important part of your strategy
  • #562
  • Jan 15, 2018 12:24am Jan 15, 2018 12:24am
Quoting edmun1388
10-Jan-2018 GBPJPY snake ::152.670-151.522 dragon ::153.269-150.929 GBPUSD snake ::1.37981-1.36855 dragon ::1.38354-1.36604 USDJPY snake ::110.917-110.435 dragon ::111.388-109.942 EURUSD snake ::1.22537-1.21653 dragon ::1.23053-1.21409
Thanx Ed,

@ Sumar, will order online

Green week to everyone!

Something I will be considering on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 57 KB
Keep It Simple Stupid
  • #563
  • Jan 15, 2018 1:46am Jan 15, 2018 1:46am
After that 200 pip move I expected the GU to retrace and then to continue the trend upwards but at the moment it looks like it is consolidating on H1. London open will be interesting
Never Ever Give Up
  • #564
  • Jan 15, 2018 4:11am Jan 15, 2018 4:11am
Quoting Alastair
{quote} Thanx Ed, @ Sumar, will order online Green week to everyone! Something I will be considering on the chart. {image}
I entered short when posting the image, but got stopped out at B/E when she pulled back up after hitting support...
Do we try her again???

* GU pulling her up
Keep It Simple Stupid
  • #565
  • Jan 15, 2018 4:19am Jan 15, 2018 4:19am
Quoting Alastair
{quote} I entered short when posting the image, but got stopped out at B/E when she pulled back up after hitting support... Do we try her again???
GJ? Looks bullish
Never Ever Give Up
  • #566
  • Jan 15, 2018 4:47am Jan 15, 2018 4:47am
Quoting sumar
{quote} GJ? Looks bullish
Correct!!
But looking left on my 1H and 4H chart I see a lot of resistance..
so I am short and would be happy with today's low
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 44 KB
Keep It Simple Stupid
  • #567
  • Jan 15, 2018 5:08am Jan 15, 2018 5:08am
Quoting Alastair
{quote} Correct!! But looking left on my 1H and 4H chart I see a lot of resistance.. so I am short and would be happy with today's low {image}
S/L at B/E and walking away.
Keep It Simple Stupid
  • #568
  • Jan 15, 2018 5:30am Jan 15, 2018 5:30am
Quoting Alastair
{quote} S/L at B/E and walking away.
Good. I'm also short on GU
Never Ever Give Up
  • #569
  • Jan 15, 2018 6:22am Jan 15, 2018 6:22am
How far can GU retrace? Looking at the H4 there's still plenty of room. So far the retracement has been nice to me. Still keeping my short
Never Ever Give Up
  • #570
  • Jan 15, 2018 6:55am Jan 15, 2018 6:55am
Quoting edmun1388
10-Jan-2018 GBPJPY snake ::152.670-151.522 dragon ::153.269-150.929 GBPUSD snake ::1.37981-1.36855 dragon ::1.38354-1.36604 USDJPY snake ::110.917-110.435 dragon ::111.388-109.942 EURUSD snake ::1.22537-1.21653 dragon ::1.23053-1.21409
I'm liking this entry off the H1 Donchian Channel signal, in a market where the daily is making higher highs and higher lows...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy180115h1dc1.PNG Size: 27 KB
Gone to a better place
  • #571
  • Jan 15, 2018 6:58am Jan 15, 2018 6:58am
Quoting sumar
How far can GU retrace? Looking at the H4 there's still plenty of room. So far the retracement has been nice to me. Still keeping my short
I feel we possibly fighting the trend here bro...
closed my G/J short, positive pips.

* 15min G/U has not made a LL on 15 min chart and I always look for LL or HH once entered a trade to confirm direction.
Keep It Simple Stupid
  • #572
  • Jan 15, 2018 7:04am Jan 15, 2018 7:04am
Quoting Alastair
{quote} I feel we possibly fighting the trend here bro... closed my G/J short, positive pips. * 15min G/U has not made a LL on 15 min chart and I always look for LL or HH once entered a trade to confirm direction.
Yes, I closed my short. Was hoping for a deeper retracement
Never Ever Give Up
  • #573
  • Jan 15, 2018 7:43am Jan 15, 2018 7:43am
Come now Ed. Push that GU down man. Want to see that snake and dragon low.....
Never Ever Give Up
  • #574
  • Jan 15, 2018 9:40am Jan 15, 2018 9:40am
The long wicks on the GU H4 candles is significant. We might still see that retracement to snake or even dragon low levels
Never Ever Give Up
  • #575
  • Jan 15, 2018 9:53am Jan 15, 2018 9:53am
Quoting sumar
The long wicks on the GU H4 candles is significant. We might still see that retracement to snake or even dragon low levels
If you really want a short wait for price action tomorrow after GBP CPI release. Tomorrow either GBP continues it's up move or retrace back down. They always do that shit after major news release.

Watch tomorrows price action.

Also, there's German CPI for EURO tomorrow.
  • #576
  • Jan 15, 2018 9:54am Jan 15, 2018 9:54am
Quoting sumar
The long wicks on the GU H4 candles is significant. We might still see that retracement to snake or even dragon low levels
i have entered short on G/U.
You still on the short train?
Keep It Simple Stupid
  • #577
  • Jan 15, 2018 9:59am Jan 15, 2018 9:59am
Quoting sumar
The long wicks on the GU H4 candles is significant. We might still see that retracement to snake or even dragon low levels
Proven wrong. Looks like the bulls are not done yet
Never Ever Give Up
  • #578
  • Jan 15, 2018 11:01am Jan 15, 2018 11:01am
Quoting Alastair
{quote} i have entered short on G/U. You still on the short train?
Nope. Closed it. Will only go short if it breaks and close below 1.3770
Never Ever Give Up
  • #579
  • Jan 15, 2018 1:13pm Jan 15, 2018 1:13pm
I just shorted GJ. Small stop about 14 pips. TP is 36 pips, if stopped out, it's no big deal. 3:1 risk reward. 3:00AM here gonna sleep now. Hope it works.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB
  • #580
  • Jan 15, 2018 1:20pm Jan 15, 2018 1:20pm
Quoting maflip
I just shorted GJ. Small stop about 14 pips. TP is 36 pips, if stopped out, it's no big deal. 3:1 risk reward. 3:00AM here gonna sleep now. Hope it works. {image}
Bleh, stop might be too tight for this trade. Oh well. I'll find out when I wake up.
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