Dragon or Snake - GU, UJ, GJ, EU, EJ | Page 91 | 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

  • #1,801
  • Jul 25, 2018 1:43am Jul 25, 2018 1:43am
What I'm worried about is there is too many Longs at the GBPUSD thread. hah hah hah
  • #1,802
  • Edited 4:07am Jul 25, 2018 2:55am | Edited 4:07am
Quoting maflip
I hate this pattern but I took it anyway. Small risk only. TP/SL is in chart. If stopped out. Stop and reverse. This is that fade I am saying if stopped out. Hopefully I don't have to reverse. {image}
And this is why I hate this pattern. Hah hah low hit rate but if it works. It trends for a long time. If do take only small position. Anyway, watch the H4 candle that broke resistance. That is the key right now.

If price trades below the breakout candle. Odds just got lower.

Edit: So far so good my ass is still safe.
  • #1,803
  • Jul 25, 2018 7:05am Jul 25, 2018 7:05am
Quoting maflip
{quote} And this is why I hate this pattern. Hah hah low hit rate but if it works. It trends for a long time. If do take only small position. Anyway, watch the H4 candle that broke resistance. That is the key right now. If price trades below the breakout candle. Odds just got lower. Edit: So far so good my ass is still safe.
Really a frustratingly low volume day for GU and EU
Never Ever Give Up
  • #1,804
  • Jul 25, 2018 7:22am Jul 25, 2018 7:22am
Quoting sumar
{quote} Really a frustratingly low volume day for GU and EU
yes true but if GU turns to the dark side I think EU is going to drop since it's more bearish than GU.
  • #1,805
  • Jul 25, 2018 7:29am Jul 25, 2018 7:29am
But you know. Goons held it this long since LO. Hopefully it begins to move soon.
  • #1,806
  • Jul 25, 2018 7:35am Jul 25, 2018 7:35am
This is M1 but hopefully something happens. Might be a bullish 3 drives on M1. Who knows.
Attached Image (click to enlarge)
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  • #1,807
  • Jul 25, 2018 7:55am Jul 25, 2018 7:55am
Quoting maflip
This is M1 but hopefully something happens. Might be a bullish 3 drives on M1. Who knows. {image}
Yeap that pattern is definitely doing something. Hopefully this is the one that will finally break free of this stupid range. Amazing what you can see on M1 sometimes lol
  • #1,808
  • Jul 25, 2018 7:58am Jul 25, 2018 7:58am
Just cashed in on USDCAD for some 37 pips. Daily is in an uptrend and H4 is range so I don't want to ask for much.
Attached Image (click to enlarge)
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  • #1,809
  • Jul 25, 2018 8:07am Jul 25, 2018 8:07am
Meanwhile on GU
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  • #1,810
  • Jul 25, 2018 8:11am Jul 25, 2018 8:11am
Quoting maflip
Meanwhile on GU {image}
. Looks like Gu wants to break to the upside but bears are pushing back
Never Ever Give Up
  • #1,811
  • Jul 25, 2018 8:14am Jul 25, 2018 8:14am
Quoting sumar
{quote} . Looks like Gu wants to break to the upside but bears are pushing back
yes true. we've seen that for hours. But check this out. That bullish 3 drives pattern if it works TP 1.31853. But I'm not going for that winnie M1 pattern I want the big kahuna pattern on M30. Lol
  • #1,812
  • Jul 25, 2018 8:27am Jul 25, 2018 8:27am
Some is waiting for a short. To be honest I am too. See GU H4 chart. But so far no sign of reversal yet.
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  • #1,813
  • Jul 25, 2018 8:32am Jul 25, 2018 8:32am
Quoting maflip
Some is waiting for a short. To be honest I am too. See GU H4 chart. But so far no sign of reversal yet. {image}
Yes, I've notice the trendline and the stochastic is in overbought area but I'm expecting it to break through and continue until 1.3256/80 at least. I might be wrong....
Never Ever Give Up
  • #1,814
  • Jul 25, 2018 8:40am Jul 25, 2018 8:40am
Quoting sumar
{quote} Yes, I've notice the trendline and the stochastic is in overbought area but I'm expecting it to break through and continue until 1.3256/80 at least. I might be wrong....
Hopefully. Now this Daily R1 is being a pain in the ass lol
  • #1,815
  • Jul 25, 2018 8:57am Jul 25, 2018 8:57am
up move is getting thinner and thinner. not doing good. Maybe they are waiting for 99% of retailers to short then it's gonna go up. lol
  • #1,816
  • Jul 25, 2018 9:04am Jul 25, 2018 9:04am
Quoting maflip
up move is getting thinner and thinner. not doing good. Maybe they are waiting for 99% of retailers to short then it's gonna go up. lol
My stop was too tight on my long and got stopped out, luckily.... But managed to get a few pips with that short move
Never Ever Give Up
  • #1,817
  • Jul 25, 2018 9:19am Jul 25, 2018 9:19am
Quoting sumar
{quote} My stop was too tight on my long and got stopped out, luckily.... But managed to get a few pips with that short move
Might actually reverse now. Black arrow of death appeared on M30
  • #1,818
  • Jul 25, 2018 9:24am Jul 25, 2018 9:24am
Quoting maflip
{quote} Might actually reverse now. Black arrow of death appeared on M30
Yes, pinbar forming at 100 EMA
Never Ever Give Up
  • #1,819
  • Jul 25, 2018 9:38am Jul 25, 2018 9:38am
Quoting sumar
{quote} Yes, pinbar forming at 100 EMA
Better if this H4 bar engulf the previous bar at close. Hopefully I did not jinx it when I said it's going to go up when 99% of retailers are now short. lol
  • #1,820
  • Jul 25, 2018 9:54am Jul 25, 2018 9:54am
GJ short might be a good deal right now too. UJ is weak and GU is showing signs of turning.
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