Dragon or Snake - GU, UJ, GJ, EU, EJ | Page 61 | 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

  • #1,201
  • Feb 21, 2018 11:22pm Feb 21, 2018 11:22pm
Quoting maflip
{quote} Yeah they still are. But still watching out for some clues of profit taking near 75%. It's almost there. At this time it's hanging out at S1. But this H4 swing is huge that trendline we saw couple of days ago could just be wave 4. So if wave 5 is to come we are probably not done going down yet. But there maybe some profit taking soon before going down some more.
So far GU got bought at the touch of 75%. See how cool these fibs are and also at S1. Just dont know if its going down some more or reversal after profit taking.
  • #1,202
  • Feb 21, 2018 11:24pm Feb 21, 2018 11:24pm
Quoting maflip
{quote} Yeah they still are. But still watching out for some clues of profit taking near 75%. It's almost there. At this time it's hanging out at S1. But this H4 swing is huge that trendline we saw couple of days ago could just be wave 4. So if wave 5 is to come we are probably not done going down yet. But there maybe some profit taking soon before going down some more.
Looks likes it is bouncing from the 78.6% retracement but like you say it might just be a temporally pullback before the down move continue. We will see
Never Ever Give Up
  • #1,203
  • Feb 21, 2018 11:29pm Feb 21, 2018 11:29pm
Quoting sumar
{quote} Looks likes it is bouncing from the 78.6% retracement but like you say it might just be a temporally pullback before the down move continue. We will see
Yeap but this H4 swing is huge. Meaning the temporary retracement may not be small. Some profit can also be made. Still watching....
  • #1,204
  • Feb 21, 2018 11:31pm Feb 21, 2018 11:31pm
Quoting sumar
{quote} Looks likes it is bouncing from the 78.6% retracement but like you say it might just be a temporally pullback before the down move continue. We will see
Review your chart theres also a reaction at 62% may happen again at this level. Last chance reversal they say is this area.
  • #1,205
  • Feb 21, 2018 11:32pm Feb 21, 2018 11:32pm
Price action is KIIINNGGG heh heh
  • #1,206
  • Feb 22, 2018 4:53am Feb 22, 2018 4:53am
Quoting maflip
Price action is KIIINNGGG heh heh
A real boring day for GU today whereas GJ moved 100 pips already. Hopefully the US open will bring some spark
Never Ever Give Up
  • #1,207
  • Feb 22, 2018 5:47am Feb 22, 2018 5:47am
While south-bound intraday traders/scalpers will be excited by the GBPJPY current southward mood, swing traders may have to watch and plan for a probable northward turnaround of price action around the 147.130/146.510 zone (bound by purple coloured horizontal lines in attached H4 chart).

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_Tech_Update_22nd_Feb.,_2018.png Size: 41 KB
Do your homework, follow the footprints of smart money
  • #1,208
  • Feb 22, 2018 5:52am Feb 22, 2018 5:52am
Quoting sumar
{quote} A real boring day for GU today whereas GJ moved 100 pips already. Hopefully the US open will bring some spark
Yeah, M30 chart ok to go long now. (In my opinion) But if reallllyyyy conservative can wait for a break of H4 fractal. The target is the test of upper trend line. ECB and GU GDP is out so go for ittttttt. News later but I don't think it will do so much impact.

Currently big pattern. It might play around here before going to go up more or change trend down. Elliott wave though is saying there might be one more wave down but hey it's not always right.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB
Click to Enlarge Name: Screenshot2.png Size: 74 KB
  • #1,209
  • Feb 22, 2018 6:02am Feb 22, 2018 6:02am
Quoting sumar
{quote} A real boring day for GU today whereas GJ moved 100 pips already. Hopefully the US open will bring some spark
Sometimes it happens. Yen is the favorite today.
Attached Image
  • #1,210
  • Feb 22, 2018 6:09am Feb 22, 2018 6:09am
Quoting sumar
{quote} A real boring day for GU today whereas GJ moved 100 pips already. Hopefully the US open will bring some spark
Going up now... Hope you did not miss the boat. If not greedy, take half out half way to upper trend line.
  • #1,211
  • Feb 22, 2018 6:10am Feb 22, 2018 6:10am
Quoting maflip
{quote} Sometimes it happens. Yen is the favorite today. {image}
I noticed. Just what I thought the US open woke up the cable
Never Ever Give Up
  • #1,212
  • Feb 22, 2018 6:17am Feb 22, 2018 6:17am
Quoting sumar
{quote} I noticed. Just what I thought the US open woke up the cable
They are also probably waiting for ECB to finish yapping.
  • #1,213
  • Feb 22, 2018 6:22am Feb 22, 2018 6:22am
Quoting maflip
{quote} They are also probably waiting for ECB to finish yapping.
Might be, Did you notice there's a descending channel on GU H1? Bouncing back now. Also from pivot
Never Ever Give Up
  • #1,214
  • Feb 22, 2018 6:28am Feb 22, 2018 6:28am
Quoting sumar
{quote} Might be, Did you notice there's a descending channel on GU H1? Bouncing back now. Also from pivot
Yeah I noticed it just stalled at Pivot. Big pattern I think it can blow that away, might be some profit taking then back up. I could be wrong. But that's what trailing stops are for.
  • #1,215
  • Feb 22, 2018 6:31am Feb 22, 2018 6:31am
Even EU stalled at R1. These Pivots are good for scalping if you know how to trade them.
  • #1,216
  • Feb 22, 2018 6:45am Feb 22, 2018 6:45am
Quoting maflip
Even EU stalled at R1. These Pivots are good for scalping if you know how to trade them.
That's what I do. I can't seem to keep trades for too long. My biggest weakness that I have to work on....lol. Closing trades too early. Too scared of losing the profit I made
Never Ever Give Up
  • #1,217
  • Feb 22, 2018 6:47am Feb 22, 2018 6:47am
Will be a nice short trade if it reverses within the channel
Never Ever Give Up
  • #1,218
  • Feb 22, 2018 7:02am Feb 22, 2018 7:02am
Quoting sumar
{quote} That's what I do. I can't seem to keep trades for too long. My biggest weakness that I have to work on....lol. Closing trades too early. Too scared of losing the profit I made
Yeah it's fine. Most are like that.
  • #1,219
  • Feb 22, 2018 7:20am Feb 22, 2018 7:20am
Where is Edmund???

Working on a new Indicator?

Can you find him?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 1.0 MB
  • #1,220
  • Feb 22, 2018 7:26am Feb 22, 2018 7:26am
Quoting maflip
Where is Edmund??? Working on a new Indicator? Can you find him? {image}
Never Ever Give Up
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