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Dragon Riders GBP/JPY

  • #29,001
  • Aug 27, 2018 8:38am Aug 27, 2018 8:38am
https://www.forexfactory.com/showthr...9#post11412069
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www.sme-fx.com
  • #29,002
  • Aug 27, 2018 7:13pm Aug 27, 2018 7:13pm
please what is the configuration of your two MAs that act as support and resistance on your chart, them seem wonderful to me
  • #29,003
  • Edited Aug 28, 2018 1:09am Aug 27, 2018 10:53pm | Edited Aug 28, 2018 1:09am
I went short at current price 143.15 with stop loss around 143.80

I changed my target. I will make it small around 141.50 to 140.75
  • #29,004
  • Aug 28, 2018 2:34am Aug 28, 2018 2:34am
I think prices will top between 143.75 - 144.14 to complete Wave C of Wave 4 on the daily chart.

Wave 5 will probably finish at 137.50....
Lost....
  • #29,005
  • Aug 28, 2018 7:38am Aug 28, 2018 7:38am
Quoting msniper
I went short at current price 143.15 with stop loss around 143.80 I changed my target. I will make it small around 141.50 to 140.75
so close 13 pips before my SL got hit and finally it start falling now
  • #29,006
  • Aug 28, 2018 7:54am Aug 28, 2018 7:54am
H4
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edit: repainted the fibs and added a brain fart
90% of people, are wrong about 90% of everything, 90% of the time...
  • #29,007
  • Aug 28, 2018 8:09am Aug 28, 2018 8:09am
Quoting theDHT
H4 {image} edit: repainted the fibs and added a brain fart
I had the same exact target but recently I changed my mind and I made it small target to 140~141 area

I don't know how GJ will react with the USD weakness in the upcoming days.
  • #29,008
  • Aug 28, 2018 8:11am Aug 28, 2018 8:11am
Quoting msniper
{quote} I had the same exact target but recently I changed my mind and I made it small target to 140~141 area I don't know how GJ will react with the USD weakness in the upcoming days.
i hear you loud and clear... which is why i am leaning toward a slightly contrarian view that is looking for a DXY rally (for the next few days)

when everyone and their mother expects a selloff... it may be time to look the other way?
90% of people, are wrong about 90% of everything, 90% of the time...
  • #29,009
  • Aug 28, 2018 8:18am Aug 28, 2018 8:18am
Quoting theDHT
{quote} i hear you loud and clear... which is why i am leaning toward a slightly contrarian view that is looking for a DXY rally (for the next few days) when everyone and their mother expects a selloff... it may be time to look the other way?
to articulate my point. this chart of DXY shows a channel break, but i suspect its a bear trap... a significant channel is rarely broken without ANY meaningful replacements... in this case it would need to be on a daily time frame

so i suspect we get a nice little move to the blue resistance level first (fingers crossed) before we move down in a meaningful way, and this would satisfy the GU and GJ targets

fundamentals to support: https://www.zerohedge.com/news/2018-...hike-pause-fed

also, Jeff Gundlach warned of a short squeeze on treasuries a few days ago... so it looks like a nice little setup

DXY
D1
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #29,010
  • Aug 28, 2018 2:28pm Aug 28, 2018 2:28pm
Quoting theDHT
{quote} to articulate my point. this chart of DXY shows a channel break, but i suspect its a bear trap... a significant channel is rarely broken without ANY meaningful replacements... in this case it would need to be on a daily time frame so i suspect we get a nice little move to the blue resistance level first (fingers crossed) before we move down in a meaningful way, and this would satisfy the GU and GJ targets fundamentals to support: https://www.zerohedge.com/news/2018-...hike-pause-fed...
usd will rally but not now.

first euro has to make correction down then fly up to 1.19 to 1.2 then start falling and make new low. this is where the dxy will start the up rally to 105 at least
  • #29,011
  • Edited Aug 29, 2018 1:25am Aug 28, 2018 5:20pm | Edited Aug 29, 2018 1:25am
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  • #29,012
  • Aug 28, 2018 11:19pm Aug 28, 2018 11:19pm
Quoting msniper
{quote} usd will rally but not now. first euro has to make correction down then fly up to 1.19 to 1.2 then start falling and make new low. this is where the dxy will start the up rally to 105 at least
i have to disagree. i think that EU is done for now and we'll get a retracement to the 1142xx region. beyond that, i can see a swing to the levels you suggest. but not in a straight line (that would be wayyy too easy!!)

if youre interested in my rationale for this thought, you can see my post here: https://www.forexfactory.com/showthr...5#post11416835

play safe
90% of people, are wrong about 90% of everything, 90% of the time...
  • #29,013
  • Aug 28, 2018 11:42pm Aug 28, 2018 11:42pm
Quoting msniper
I went short at current price 143.15 with stop loss around 143.80 I changed my target. I will make it small around 141.50 to 140.75
we move SL to entry level to make sure no loss. so far profit is 30pips and more down move still expected
  • #29,014
  • Aug 29, 2018 1:35am Aug 29, 2018 1:35am
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Waiting to go long @ 1.4275
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POSTMASTER
  • #29,015
  • Aug 29, 2018 2:39am Aug 29, 2018 2:39am
Quoting Robinhood1
{image} Waiting to go long @ 1.4275 {image}
Dude, be careful with that. I think Wave 5 has started on the daily chart which goes all the way to 137.5 (weekly)...
If there's a slight correction, I believe it will be at 141.44.
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Lost....
  • #29,016
  • Aug 29, 2018 3:14am Aug 29, 2018 3:14am
Quoting gespiri
{quote} Dude, be careful with that. I think Wave 5 has started on the daily chart which goes all the way to 137.5 (weekly)... If there's a slight correction, I believe it will be at 141.44. {image}
. My forecast is long from 1.4275 and exit @ 1.4430. see if that makes any sense using EW.
POSTMASTER
  • #29,017
  • Aug 29, 2018 3:15am Aug 29, 2018 3:15am
Gespri, I just perfected my technique (angles) and seems to be very accurate. Lets see how long it will last!!
POSTMASTER
  • #29,018
  • Aug 29, 2018 4:00am Aug 29, 2018 4:00am
Quoting Robinhood1
Gespri, I just perfected my technique (angles) and seems to be very accurate. Lets see how long it will last!!
Okay, I'll double check my count and get back at you. Good luck with the strategy.
Lost....
  • #29,019
  • Aug 29, 2018 4:16am Aug 29, 2018 4:16am
Quoting Robinhood1
{quote} . My forecast is long from 1.4275 and exit @ 1.4430. see if that makes any sense using EW.
Which TF are you looking at?
If you look at the 1hr and 4hr, it is possible that Wave C might end at 144.00 - 144.14. However, what's bugging me is the downtrend line that got hit at 143.65.
If prices here retreat to 141.76, then goes up to 144.00 - 144.14. Gotta pay attention to that trend line......
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Lost....
  • #29,020
  • Aug 29, 2018 4:33am Aug 29, 2018 4:33am
Quoting gespiri
{quote} Which TF are you looking at? If you look at the 1hr and 4hr, it is possible that Wave C might end at 144.00 - 144.14. However, what's bugging me is the downtrend line that got hit at 143.65. If prices here retreat to 141.76, then goes up to 144.00 - 144.14. Gotta pay attention to that trend line...... {image}
Sorry Gespri. I īll give this trade a miss. You might be right in the first place. Just got Usd/chf stopped out with the same pattern. Attachment g

Angle below 50% = true signal.


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Angle above 50% = false signal.

There must be very more few handicaps to get to perfection using angles the way i do, will have to stick to the true pattern.

I apreciate your help
POSTMASTER
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