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Dragon Riders GBP/JPY

  • #28,281
  • Mar 7, 2018 3:27am Mar 7, 2018 3:27am
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Money moves the market, not an indicator.
  • #28,282
  • Mar 7, 2018 5:25am Mar 7, 2018 5:25am
Quoting andoseg2
{image}
I was sure someone would have posted this chart and then I found yours. Good stuff. I like the monthly, too, where the month of February engulfs the previous 4 months. Of course, as we know, it doesn't mean a thing until it happens, but I am looking to build positions to 130 maybe... It's going to be tough but someone has to do it.
Gone to a better place
  • #28,283
  • Mar 7, 2018 7:12am Mar 7, 2018 7:12am
Nice doji on the 4hr chart. Should be good for 50 pips, imho.
Buy @ 146.70
Stop @ 146.20
  • #28,284
  • Mar 7, 2018 7:17am Mar 7, 2018 7:17am
Quoting FastPipn
{quote} Yes im looking at 148.000 and 148.500
It pulled back from 148.00 but I think it may continue rallying once the pullback ends and I wouldn't be surprised if it rises to 148.50 as you said.
  • #28,285
  • Mar 7, 2018 8:29am Mar 7, 2018 8:29am
Quoting smikester
{quote} I was sure someone would have posted this chart and then I found yours. Good stuff. I like the monthly, too, where the month of February engulfs the previous 4 months. Of course, as we know, it doesn't mean a thing until it happens, but I am looking to build positions to 130 maybe... It's going to be tough but someone has to do it.
At the moment the order did not triggered. I;m waiting for price to give new informations and I'll adapt the entry according. Or mabe i'll cancel the short.
Might rise @ $150 then might drop .Just stalking the prey now
Money moves the market, not an indicator.
  • #28,286
  • Mar 7, 2018 11:07am Mar 7, 2018 11:07am
Quoting dianajs
{quote} It pulled back from 148.00 but I think it may continue rallying once the pullback ends and I wouldn't be surprised if it rises to 148.50 as you said.
With big red candle close on 1hr chart hitting 200 ema under the daily pivot, it might not go to 148.000 at all now.
We will see how 4hr candle closes at 1pm. If it closes below the 4hr trendline with pinbar, we are looking at 145.000-145.500 to form a double bottom for any buyers to come in.
Just 20 pips a day to riches
  • #28,287
  • Mar 8, 2018 4:45am Mar 8, 2018 4:45am
Just can't seem to close above the 147.234 level. on 15min chart
  • #28,288
  • Mar 8, 2018 5:26am Mar 8, 2018 5:26am
Where is it going?

  1. trend last 10 hours: drifting down (5' chart); normally quite a good early morning indicator for the day's direction
  2. sitting on daily central pivot of 147,09
  3. reverse head and shoulders on 5' chart
  4. ranging between 20 to 30 pips in last four hours

  • #28,289
  • Mar 8, 2018 6:35am Mar 8, 2018 6:35am
I think it is starting to move. Target near R1, let's say 147,80

Ha, soon as I say that it will turn around and go down.
  • #28,290
  • Mar 8, 2018 6:43am Mar 8, 2018 6:43am
Quoting FastPipn
{quote} With big red candle close on 1hr chart hitting 200 ema under the daily pivot, it might not go to 148.000 at all now. We will see how 4hr candle closes at 1pm. If it closes below the 4hr trendline with pinbar, we are looking at 145.000-145.500 to form a double bottom for any buyers to come in.
There is already a double bottom at 145.00, it formed when this correction began. You can see it on the H4 time frame.
  • #28,291
  • Mar 8, 2018 11:08pm Mar 8, 2018 11:08pm
It's a sell, man.....147.70 should hold......smiley smiley
  • #28,292
  • Mar 9, 2018 12:49am Mar 9, 2018 12:49am
Quoting Gbp/jpy
It's a sell, man.....147.70 should hold......smiley smiley
Diff ways to look at a picture. You are saying 147.7x should hold and i dm seeing that it is attemting to break 148.xx and the moment id did and held then 150.60 and 152.xx is on the cards. I am a buyer.
  • #28,293
  • Mar 9, 2018 8:08am Mar 9, 2018 8:08am
Quoting Gbp/jpy
It's a sell, man.....147.70 should hold......smiley smiley
It doesn't look that way to me, the pair is pushing toward 148.00.
  • #28,294
  • Mar 11, 2018 11:12pm Mar 11, 2018 11:12pm
1 min chart asian session

selling points:

- 61.8% fibo rejection @ 148.21
- 1-2-3 reversal pattern
- only a few strong bear candles vs previously bull candles to reach breakout point...

hence, it is a sell signal

selling at current levels 147.7x

SL 148.22

TP 147.20

good luck
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  • #28,295
  • Edited 1:53am Mar 12, 2018 1:43am | Edited 1:53am
Quoting amikaking
1 min chart asian session selling points: - 61.8% fibo rejection @ 148.21 - 1-2-3 reversal pattern - only a few strong bear candles vs previously bull candles to reach breakout point... hence, it is a sell signal selling at current levels 147.7x SL 148.22 TP 147.20 good luck {image}
update: plan changed...

GBPJPY reversed and bounced within 1 hour finding March 1 resistance turned support around 147.45

close out all sell orders

re-enter long position

targetting Asian high at 148.21, then move SL to BE,

and try target 148.54 (last Friday's NY session high)
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  • #28,296
  • Edited 4:24am Mar 12, 2018 4:10am | Edited 4:24am
Quoting amikaking
{quote} update: plan changed... GBPJPY reversed and bounced within 1 hour finding March 1 resistance turned support around 147.45 close out all sell orders re-enter long position targetting Asian high at 148.21, then move SL to BE, and try target 148.54 (last Friday's NY session high) {image}
hold your buy with sl at today's asian low
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  • #28,297
  • Mar 12, 2018 8:57am Mar 12, 2018 8:57am
The pair tentatively broke out above 148.00. I think we may see it rise more towards 148.40.
  • #28,298
  • Mar 12, 2018 6:04pm Mar 12, 2018 6:04pm
Sold

target 0

stop loss infinity

jk

stop 148.5

target 147 or lower
Don't Worry Be Happy
  • #28,299
  • Mar 12, 2018 11:27pm Mar 12, 2018 11:27pm
149 here we come
  • #28,300
  • Mar 13, 2018 2:19am Mar 13, 2018 2:19am
One of those rare times when UJ and GU are correlating
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