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Dragon Riders GBP/JPY

  • #29,021
  • Aug 29, 2018 6:35am Aug 29, 2018 6:35am
Quoting Robinhood1
{quote} Sorry Gespri. I ´ll give this trade a miss. You might be right in the first place. Just got Usd/chf stopped out with the same pattern. 2966595 Angle below 50% = true signal. {image} 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
Sorry true signal chart is here

Attached Image (click to enlarge)
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POSTMASTER
  • #29,022
  • Aug 29, 2018 7:25am Aug 29, 2018 7:25am
Quoting Robinhood1
{quote} Sorry true signal chart is here {image}
Not a question of right or wrong, as long as we both make money and not lose any.
Price is trying to break 143.45. It better not close above that or its back to the drawing board.....
Lost....
  • #29,023
  • Aug 29, 2018 7:32am Aug 29, 2018 7:32am
Quoting Robinhood1
{quote} Sorry true signal chart is here {image}
BTW, you showed AUD/NZD chart. Can you share your revised GBP/JPY chart?
Lost....
  • #29,024
  • Aug 29, 2018 8:01am Aug 29, 2018 8:01am
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www.sme-fx.com
  • #29,025
  • Aug 29, 2018 9:37am Aug 29, 2018 9:37am
And with that dumb-ass comment from the EU's Barnier just destroyed weeks of analyses.....because in the end, whatever he said didn't made any sense.

EU's Barnier says we are prepared to offer a partnership with Britain such as has never been with any other third country
EU's Barnier says single market means single market; this is not negotiable
EU's Barnier says there is no single market a la carte; Norway model is available but it is part of our single market

What the hell does that even mean?
Lost....
  • #29,026
  • Aug 29, 2018 10:34am Aug 29, 2018 10:34am
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www.sme-fx.com
  • #29,027
  • Aug 29, 2018 11:19am Aug 29, 2018 11:19am
Quoting msniper
{quote} we move SL to entry level to make sure no loss. so far profit is 30pips and more down move still expected
wow what an explosion I am glad that I put my SL at the entry level.

now I am looking for it to go down like 100pip or something to buy
  • #29,028
  • Aug 30, 2018 3:14am Aug 30, 2018 3:14am
I'm aware that 139.5 never printed. Nevertheless the symmetry of this entire structure wrt that level and the high at 149.2/3 is amazing. The bottom set up a reversal that was tested after break out. The extreme bottom of the reversal (extrapolated) was 139.5. After that it met the equality target, before breaking up to the 1.618 of said equality at 145.65. Compare that length of play with all other moves since it first arrived at around 143. 145.65 is also the 61.8 retracement 149.2/3 cf 139.5. Over that place it's probably in reversal up. Holding 145.65 suggests a downward sloping continuation down. Obviously with heaps of support levels thereon down. Daily is running nigh on 100% stretched at this time.
  • #29,029
  • Aug 30, 2018 7:47am Aug 30, 2018 7:47am
Quoting Mpt
I'm aware that 139.5 never printed. Nevertheless the symmetry of this entire structure wrt that level and the high at 149.2/3 is amazing. The bottom set up a reversal that was tested after break out. The extreme bottom of the reversal (extrapolated) was 139.5. After that it met the equality target, before breaking up to the 1.618 of said equality at 145.65. Compare that length of play with all other moves since it first arrived at around 143. 145.65 is also the 61.8 retracement 149.2/3 cf 139.5. Over that place it's probably in reversal up. Holding...
do you think we will see below 142 or 147 is more closer ?
  • #29,030
  • Aug 31, 2018 1:25am Aug 31, 2018 1:25am
Quoting msniper
{quote} do you think we will see below 142 or 147 is more closer ?
Apologies for not replying earlier. Your post came in during my night time.

Frankly, a break over about 147/147.5 suggests completion of the current down trend (IMHO) as such a break would cross a long descending TL, the fib fan 76.4 out of 195x. For me, fall back under about 142 argues either a retest of the lows, or significant continuation down.

At times, I question whether we're looking at a similar downtrend to the fall out of 163/140 during 2009/2012, yet pursuing a crude H&S regime. After all, the bounce out of 123 in 2016 was effectively a bounce from a "zero point" on monthly charts that, whenever broken, resulted in much anguish (and interventions) out of Japan and, as I've long mooted here, a decent fall below there to a marginal new low may well be required to complete this whole 30+ year consolidation, returning north very quickly to maybe the 1986 plaza accord numbers at 270x . (Coincidentally, when estimating/predicting the 195 and 189 highs, I used 123 also as the fib zero point, referenced back to 175ish. That arrangement provided results accurate to within a handful of pips).

So, a move higher at this time suggests that 156 was not the top of a possible 4th wave and it may have much further/longer to run. Yet, that move met all criteria for a 4th wave, insofar as it reached the 50% of the drop from 188.5 (possible top wave 2) and, simultaneously, monthly momentum dropped to zero, whilst also overbought.

A long rant, yes. Partly trying to verbalise/rationalise my own thinking. I've tried, but drinking doesn't seem to help.
  • #29,031
  • Aug 31, 2018 1:40am Aug 31, 2018 1:40am
Quoting msniper
{quote} do you think we will see below 142 or 147 is more closer ?
Attached Image (click to enlarge)
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I see the price coming down to upper red line. This line is between 142.85/143.00. Then will go long probably breaking slightly recent highs. Price will keep in this range for quite a while
POSTMASTER
  • #29,032
  • Aug 31, 2018 5:19am Aug 31, 2018 5:19am
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Waiting to go long
POSTMASTER
  • #29,033
  • Aug 31, 2018 6:49am Aug 31, 2018 6:49am
Mine is here based on 1hr MM line.
Already bought at 143.75.....waiting to buy more at 143.55....sell everything at 144.53 - 144.72
Attached Image (click to enlarge)
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Lost....
  • #29,034
  • Aug 31, 2018 7:12am Aug 31, 2018 7:12am
Quoting gespiri
Mine is here based on 1hr MM line. Already bought at 143.75.....waiting to buy more at 143.55....sell everything at 144.53 - 144.72 {image}
good morning Gespiri. Will you be stopping out if it goes below?
POSTMASTER
  • #29,035
  • Aug 31, 2018 7:28am Aug 31, 2018 7:28am
Quoting Robinhood1
{quote} good morning Gespiri. Will you be stopping out if it goes below?
Hey man, my stop is 10 pips below that blue (200-day) line which is at 143.32 or when it closes below that line.
The yellow dotted line is the 333-day which is also instrumental for longer term analysis.
Lost....
  • #29,036
  • Aug 31, 2018 7:46am Aug 31, 2018 7:46am
Quoting gespiri
{quote} Hey man, my stop is 10 pips below that blue (200-day) line which is at 143.32 or when it closes below that line. The yellow dotted line is the 333-day which is also instrumental for longer term analysis.
Hi gespiri, long time not seen. Is mercy still alive?
Fix up, trade sharp ...
  • #29,037
  • Aug 31, 2018 8:08am Aug 31, 2018 8:08am
Quoting Hickson
{quote} Hi gespiri, long time not seen. Is mercy still alive?
Hi Hicks, it's been a long time.
Who's mercy? If you mean what happened two days ago with that rat bastard Barnier statement, MERCY IS DEAD.
Lost....
  • #29,038
  • Aug 31, 2018 8:13am Aug 31, 2018 8:13am
Quoting gespiri
{quote} Hey man, my stop is 10 pips below that blue (200-day) line which is at 143.32 or when it closes below that line. The yellow dotted line is the 333-day which is also instrumental for longer term analysis.
In conjunction with what Mpt mentioned above, I am not sure if we are starting Wave B or starting Wave 1.
Nevertheless, I will close my longs at around 144.31 (if I don't get stopped out) and then wait and see which freakin' wave this is....
Lost....
  • #29,039
  • Aug 31, 2018 8:17am Aug 31, 2018 8:17am
Quoting Hickson
{quote} Hi gespiri, long time not seen. Is mercy still alive?
Oh, mercy-seat.....he hasn't been around in almost 2 years. Probably got tired of dealing will all the haters in FF or went into retirement.
Lost....
  • #29,040
  • Aug 31, 2018 8:23am Aug 31, 2018 8:23am
Quoting gespiri
{quote} Oh, mercy-seat.....he hasn't been around in almost 2 years. Probably got tired of dealing will all the haters in FF or went into retirement.
Yes, maybe. The last time I saw him he was bored with making around 8000 € per day trading the Euro. It was too much money to spent in his favorite Italian restaurant lol
Fix up, trade sharp ...
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