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Dragon Riders GBP/JPY

  • #28,481
  • Apr 28, 2018 8:01am Apr 28, 2018 8:01am
Wow! Thanks man! That’s a lot of useful info I knew nothing about! Going to draw those lines on a trend and save it and study it. Maybe I can catch the next big move the next time it happens.
  • #28,482
  • Apr 28, 2018 8:49am Apr 28, 2018 8:49am
Great post Mpt.

More like this, please...
  • #28,483
  • Apr 29, 2018 10:04pm Apr 29, 2018 10:04pm
Quoting Agt1200
152.62 level is Fibo 38.2 (Daily). Price just retest this level and expecting CSP reversal..Next target 148.68 (fibo 161.8)
last week price movement as per my expected. It ranging around 152.62 before it made big fall passed level 150.65 on last Friday. But I was expecting price will down until 148.68. Anyway, this week I assume buyer traders try to bring up price again. With that sentiment, Seller will try to hold price not to break level 150.80/150.65. Slightly restest expected happened in 1 or 2 days at level 150.65 and 150.15 before another fall to complete 161.8 fibo (148.68)
Always Follow Your Hearth
  • #28,484
  • Apr 29, 2018 11:37pm Apr 29, 2018 11:37pm
...
Attached Image (click to enlarge)
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  • #28,485
  • Apr 30, 2018 12:47am Apr 30, 2018 12:47am
Whilst 150.2/3 is central pivot, the nature of the fall was not gradual but agressive. 150.6/8 was tested in the drop and even though it acheived the correct target, suspect it ended up below resistance. The difference between potentially bullish and bearish is marginal at best. Suspect the same equation applies to 148.6 ish and 146/7. Happy to be wrong
  • #28,486
  • Apr 30, 2018 3:02am Apr 30, 2018 3:02am
Can still be another rounding bottom, although below 149.5 rules out
  • #28,487
  • Apr 30, 2018 4:41am Apr 30, 2018 4:41am
Quoting spydr
{quote} Unfortunately I missed it! Should have put in a sell stop...oh well...guess I saddle up for a buy at some point
I opened another short in the meantime. I hope it won't stop falling before 149.60.
  • #28,488
  • Apr 30, 2018 6:25am Apr 30, 2018 6:25am
Quote
looking at the daily. A lot of ppl still bullish in the current trend. Understandable as its current and easy to see. I think its going back towards 145.5 soon though. Market volitility will create a lot of demand for the Yen. So it won't take much UK side news for the £ to weaken before it.

So when I said 'not much UK side news' to reach145.5 I didn't expect it to be the priced in rumor of a BOE rate hike faultering to be the cause. So will be interesting to watch.

(You might guess that I'm still short from my last post)
  • #28,489
  • May 1, 2018 5:01am May 1, 2018 5:01am
The pair is stalling above 149.80 and has even formed a double bottom there, we may see some correction.
  • #28,490
  • May 1, 2018 9:34pm May 1, 2018 9:34pm
And Uj should start contributing shortly. Didn't take a week or so as I last surmised.
  • #28,491
  • May 1, 2018 11:43pm May 1, 2018 11:43pm
Looking intial follow-thru today
Getting long at 148.96
Tomorrow will be a bull day.
  • #28,492
  • May 2, 2018 4:56am May 2, 2018 4:56am
Not above 150.3 ish - a declining wedge, drop out circa 148. Above 150.6/8 - attempted reversal.
  • #28,493
  • May 2, 2018 5:23am May 2, 2018 5:23am
Quoting RBlackburn
Looking intial follow-thru today Getting long at 148.96 Tomorrow will be a bull day.
I have a long too, I think we may see it climb above 150.00.
  • #28,494
  • May 2, 2018 6:58pm May 2, 2018 6:58pm
Quoting Agt1200
{quote} last week price movement as per my expected. It ranging around 152.62 before it made big fall passed level 150.65 on last Friday. But I was expecting price will down until 148.68. Anyway, this week I assume buyer traders try to bring up price again. With that sentiment, Seller will try to hold price not to break level 150.80/150.65. Slightly restest expected happened in 1 or 2 days at level 150.65 and 150.15 before another fall to complete 161.8 fibo (148.68)
Today..I think price will down to 148.68 hopefully....then next target will be 145.50....
Always Follow Your Hearth
  • #28,495
  • May 2, 2018 8:21pm May 2, 2018 8:21pm
Quoting dianajs
{quote} I have a long too, I think we may see it climb above 150.00.
154.45
Good luck
  • #28,496
  • May 2, 2018 8:35pm May 2, 2018 8:35pm
Quoting RBlackburn
{quote} 154.45 Good luck
Ok, I'm going to set a more modest intial target.
Will trade back in on the retracement from 151-150
Cheers
Attached Image (click to enlarge)
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  • #28,497
  • May 3, 2018 1:27am May 3, 2018 1:27am
Old numbers from about 2yrs ago. Gu under 1.35 opens 1.25, under 1.2 low Soros' 1.15, 1.08 .
  • #28,498
  • May 3, 2018 2:40am May 3, 2018 2:40am
Quoting RBlackburn
{quote} Ok, I'm going to set a more modest intial target. Will trade back in on the retracement from 151-150 Cheers {image}
I'm with yall from 149.05.. setting my target 150.5, SL 148.89
  • #28,499
  • May 3, 2018 3:36am May 3, 2018 3:36am
As long as it stays red, i'm sure it will go down.
Attached Image (click to enlarge)
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Consistency.
  • #28,500
  • May 3, 2018 3:56am May 3, 2018 3:56am
Quoting yumademe
As long as it stays red, i'm sure it will go down. {image}
Someone who talks sense. Monthly Gann just below 148 will tell. 146.5 into the weekly ichimoku cloud.
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