Dragon or Snake - GU, UJ, GJ, EU, EJ | Page 35 | 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

  • #681
  • Jan 22, 2018 4:34am Jan 22, 2018 4:34am
Quoting Alastair
{quote} Where are the bulls??
Lol. Yes, they seems to be exhausted. No strength to push it over the 154 hurdle. At least they trying...lol
Never Ever Give Up
  • #682
  • Jan 22, 2018 4:35am Jan 22, 2018 4:35am
Quoting sumar
{quote} Lol. Yes, they seems to be exhausted. No strength to push it over the 154 hurdle
bears need to enter from left wing...
Keep It Simple Stupid
  • #683
  • Jan 22, 2018 5:58am Jan 22, 2018 5:58am
Quoting Alastair
{quote} bears need to enter from left wing...
I hope you not still short?
Never Ever Give Up
  • #684
  • Jan 22, 2018 9:25pm Jan 22, 2018 9:25pm
23-Jan-2018
GBPJPY
snake ::155.381-154.463
dragon ::156.047-153.698
snake ::1.40199-1.39501
dragon ::1.40941-1.38649
USDJPY
snake ::110.971-110.583
dragon ::111.379-110.185
EURUSD
snake ::1.22841-1.22345
dragon ::1.23355-1.21781
===
sry bro , I am sick this few days..now better
Exits == most important part of your strategy
  • #685
  • Jan 22, 2018 9:46pm Jan 22, 2018 9:46pm
Quoting edmun1388
23-Jan-2018 GBPJPY snake ::155.381-154.463 dragon ::156.047-153.698 snake ::1.40199-1.39501 dragon ::1.40941-1.38649 USDJPY snake ::110.971-110.583 dragon ::111.379-110.185 EURUSD snake ::1.22841-1.22345 dragon ::1.23355-1.21781 === sry bro , I am sick this few days..now better
Thanks Ed. Great to have you back
Never Ever Give Up
  • #686
  • Jan 22, 2018 9:49pm Jan 22, 2018 9:49pm
I usually trade with blank chart. But your dragon and snakes seems interesting. I would like to ask which timeframe is best suited for it?
  • #687
  • Jan 22, 2018 10:21pm Jan 22, 2018 10:21pm
EU been consolidating for days. MY GUESTIMATE today could be the breakout day. They tried to push EU down since last Jan 17 IF it trades above this current H4 fractal today it might explode to the upside big time.

So far too many resistance but if they can get past that then...
  • #688
  • Edited 11:16pm Jan 22, 2018 10:54pm | Edited 11:16pm
Quoting sumar
{quote} I hope you not still short?
really cr@p day yesterday.. held a loser for too long. closed now and a fresh day.

Glad to see Ed is better!!

Have a good day everyone.

***Already touched snake on G/J..
Keep It Simple Stupid
  • #689
  • Jan 23, 2018 2:26am Jan 23, 2018 2:26am
Quoting danielelton
I usually trade with blank chart. But your dragon and snakes seems interesting. I would like to ask which timeframe is best suited for it?
any timeframe.
Exits == most important part of your strategy
  • #690
  • Jan 23, 2018 7:03am Jan 23, 2018 7:03am
I just went long EU... Not so greedy target about 50 pips. Kinda greedy target 90-100 pips.

Stop around 35 pips. Risk vs Reward = Pretty good

If it doesn't work then... Shit happens.

Might have to hold for a couple of days. If YOU are a scalper don't follow my trade.
  • #691
  • Jan 23, 2018 7:43am Jan 23, 2018 7:43am
GU is on fire. Reached the channel wall. Will it break through or reverse? Can say the same about GJ. It respected the channel support and reversed
Never Ever Give Up
  • #692
  • Jan 23, 2018 9:29am Jan 23, 2018 9:29am
Quoting sumar
GU is on fire. Reached the channel wall. Will it break through or reverse? Can say the same about GJ. It respected the channel support and reversed
Gu hit TP1 of your cup and handle pattern. Target 2 is 1.407xx area. They might just be taking profit after hitting TP1. EU is a late bloomer in this move GU is moving ahead.

I was pretty precise in calling the low of the handle pattern. damn too bad I did not went long. lol
Attached Image (click to enlarge)
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  • #693
  • Jan 23, 2018 9:55am Jan 23, 2018 9:55am
Quoting maflip
{quote} Gu hit TP1 of your cup and handle pattern. Target 2 is 1.407xx area. They might just be taking profit after hitting TP1. EU is a late bloomer in this move GU is moving ahead. I was pretty precise in calling the low of the handle pattern. damn too bad I did not went long. lol {image}
I might be wrong but I think GU will come right down to retest the channel wall support at around 1.395 - 1.393 zone
Never Ever Give Up
  • #694
  • Jan 23, 2018 3:44pm Jan 23, 2018 3:44pm
Quoting sumar
{quote} I might be wrong but I think GU will come right down to retest the channel wall support at around 1.395 - 1.393 zone
Well that dip was a buying opportunity. Look to short it after it hits TP2 maybe another profit taking will take place there. If it keeps going up then woohooo. As for me still holding EU long. I'm thinking of taking some profit out near the last swing high. Actually it's already there as I'm typing this.

Took half out near high and moving stop up. Risk free trade now.
  • #695
  • Edited 8:31pm Jan 23, 2018 7:41pm | Edited 8:31pm
GU must go below 1.4011 to be down.so don't try think GU is down now
GJ ,Uj short trade only at time write.
======
do not waste your bullets , wait for best timing to trade and don't over trade.
Exits == most important part of your strategy
  • #696
  • Jan 23, 2018 9:03pm Jan 23, 2018 9:03pm
time to think ,
1. GJ is short trade only
2. if GJ short only, what the effect of GU UJ on GJ ?
3. if GU go down , will GJ and UJ up ? try think bro/sis traders.
=
hint : GU try to drop, UJ try go up and GJ try drop more
Exits == most important part of your strategy
  • #697
  • Jan 23, 2018 9:14pm Jan 23, 2018 9:14pm
Quoting edmun1388
time to think , 1. GJ is short trade only 2. if GJ short only, what the effect of GU UJ on GJ ? 3. if GU go down , will GJ and UJ up ? try think bro/sis traders. = hint : GU try to drop
GU down, UJ up
Never Ever Give Up
  • #698
  • Jan 23, 2018 9:24pm Jan 23, 2018 9:24pm
Quoting sumar
{quote} GU down, UJ up
yes, GU is trying to drop , with GJ condition is short only[known] , UJ must up if GU success to break down.
GBPJPY = GBPUSD * USDJPY .
Exits == most important part of your strategy
  • #699
  • Jan 23, 2018 9:30pm Jan 23, 2018 9:30pm
Quoting edmun1388
{quote} yes, GU is trying to drop , with GJ condition is short only[known] , UJ must up if GU success to break down. GBPJPY = GBPUSD + USDJPY .
Is it not GJ = GU x UJ?
Never Ever Give Up
  • #700
  • Edited 9:56pm Jan 23, 2018 9:34pm | Edited 9:56pm
24-Jan-2018
GBPJPY
snake ::154.480-153.850
dragon ::155.297-153.010
GBPUSD
snake ::1.40535-1.40057
dragon ::1.41303-1.39199
USDJPY
snake ::110.210-109.551
dragon ::110.597-109.256
EURUSD
snake ::1.23426-1.22992
dragon ::1.23931-1.22435
==
GU break point 1.40130 , and that near the snake , so hard to drop expected . good luck.
* time write : GJ UJ try hard to go up

**known : GJ is bear , GU try to drop .

* add note : if GU back up and UJ back down , GJ ranging.
Exits == most important part of your strategy
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