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Dragon Riders GBP/JPY

  • #28,521
  • May 8, 2018 10:25pm May 8, 2018 10:25pm
Quoting Yvonnely
Any takers for longs?
Me, from 147.900. Price bouncing from support trendline in Daly. Expecting to reach 149.900, but watching like a hawk.
  • #28,522
  • May 8, 2018 11:21pm May 8, 2018 11:21pm
Just sold at the YOLO level lol. Wish me luck!
Luck Favors the Bold
  • #28,523
  • May 8, 2018 11:28pm May 8, 2018 11:28pm
Quoting Callitradar
Just sold at the YOLO level lol. Wish me luck!
Whats YOLO level loll
  • #28,524
  • May 8, 2018 11:43pm May 8, 2018 11:43pm
Quoting MoneyFocus
{quote} Whats YOLO level loll
You Only Live Once.
It's a joke, since everybody is buying and I'm going the opposite way.
Luck Favors the Bold
  • #28,525
  • May 8, 2018 11:47pm May 8, 2018 11:47pm
Quoting Callitradar
{quote} You Only Live Once. It's a joke, since everybody is buying and I'm going the opposite way.
good luck...whats your TP?

i do see reasons for shorting..
  • #28,526
  • May 8, 2018 11:57pm May 8, 2018 11:57pm
Quoting MoneyFocus
{quote} good luck...whats your TP? i do see reasons for shorting..
145 to start, but I think it will go lower. Price might break down this week or range. If I’m correct, I sold at the top of the range. We have to wait and see.
Luck Favors the Bold
  • #28,527
  • May 9, 2018 5:03am May 9, 2018 5:03am
I opened a long after it formed a double bottom, I think it will rally t 149.00.
  • #28,528
  • May 9, 2018 10:53pm May 9, 2018 10:53pm
The next crossover/decision point 148.8
  • #28,529
  • May 9, 2018 10:56pm May 9, 2018 10:56pm
Quoting Mpt
The next crossover/decision point 148.8
Isn't that crossed?
  • #28,530
  • May 9, 2018 11:10pm May 9, 2018 11:10pm
Quoting Mccc
{quote} Isn't that crossed?
Always allow about 20 or so pips either side
  • #28,531
  • May 9, 2018 11:40pm May 9, 2018 11:40pm
This is a place where the market decides whether it emulates the 2013 moves, or breaks down again under the 147.6/8 pivot towards 146 and below 145
  • #28,532
  • May 10, 2018 12:30am May 10, 2018 12:30am
The only way is up... baby
  • #28,533
  • May 10, 2018 4:44am May 10, 2018 4:44am
The key issue here is that the 1.618 extension out of 153 cf was 147.6. It broke down to 147.1 or so. The extension of the 147.1/148.2 was 149.6. One end of the equation is wrong.
  • #28,534
  • May 10, 2018 4:51am May 10, 2018 4:51am
I too think it will keep rallying. It may reach 150.00 and above.
  • #28,535
  • May 10, 2018 4:58am May 10, 2018 4:58am
149.80 looks certain
  • #28,536
  • Edited 6:08am May 10, 2018 5:22am | Edited 6:08am
If you had all said the same way back around 133.5 in 2012 you would have been terribly wrong. There is something called a topping pattern.
  • #28,537
  • May 10, 2018 5:39am May 10, 2018 5:39am
Quoting sharper
I buy GJ my tp 149.3. Last time, it was a good level. Maybe I'll get a second chance to buy more at a better price 148. {image}
Made a profit, although I didn't think it would fall below 148.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_JPY_4 Hours_snapshot.png Size: 41 KB
  • #28,538
  • May 10, 2018 6:08am May 10, 2018 6:08am
Quoting sharper
{quote} Made a profit, although I didn't think it would fall below 148. {image}
I buy again, I want to get quick money. Target is the same 149,3.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_JPY_4 Hours_snapshot.png Size: 40 KB
  • #28,539
  • May 10, 2018 7:05am May 10, 2018 7:05am
It has retraced the minimum allowed for in this structure. (4 hr). In extension, it reaches the prior bottom. Then it's in the hands of whomever.
  • #28,540
  • May 10, 2018 9:23am May 10, 2018 9:23am
Quoting sharper
{quote} I buy again, I want to get quick money. Target is the same 149,3. {image}
I don't think fast money is gonna work this time. I'm going to dial the position. 148.3-147 buy buy buy...
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