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Dragon Riders GBP/JPY

  • #29,041
  • Aug 31, 2018 8:36am Aug 31, 2018 8:36am
Quoting Hickson
{quote} 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
Or his souped up BMW.
God bless him whatever it is he's up to......as long as he's happy, I'm happy.
Lost....
  • #29,042
  • Aug 31, 2018 8:41am Aug 31, 2018 8:41am
Quoting gespiri
{quote} Or his souped up BMW. God bless him whatever it is he's up to......as long as he's happy, I'm happy.
Yeah, god bless, we have learnt a lot from him.
Fix up, trade sharp ...
  • #29,043
  • Aug 31, 2018 8:41am Aug 31, 2018 8:41am
is anyone feeling long right now?..no positions for me just a curiosity question.
  • #29,044
  • Aug 31, 2018 9:20am Aug 31, 2018 9:20am
Quoting petehnm
is anyone feeling long right now?..no positions for me just a curiosity question.
one of these days gonna quit asking and just do it ..could've caught a nice little pop..oh well let's see what next week brings.
  • #29,045
  • Sep 1, 2018 11:14am Sep 1, 2018 11:14am
Quoting petehnm
is anyone feeling long right now?..no positions for me just a curiosity question.
I'm just glad it bounced back up to 145.50. Was able to get out of some bad positions with minimal loss. Glad August is over and I can finally get back to day trading, instead of gritting my teeth and watching the G/J flop day after day.
  • #29,046
  • Sep 3, 2018 12:13am Sep 3, 2018 12:13am
Good morning, bean a while, here or trading live.
1st trade looking good in and out 18 pips, maybe 2 more and I am done for the day.
  • #29,047
  • Sep 3, 2018 12:22am Sep 3, 2018 12:22am
there we go, bid filled at 444
  • #29,048
  • Sep 3, 2018 1:19am Sep 3, 2018 1:19am
Well that was the dumbest trade all day for me, got stopped out, still 2 pips in profit for the day.
Lets try for some more tomorrow.
  • #29,049
  • Sep 3, 2018 5:33am Sep 3, 2018 5:33am
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POSTMASTER
  • #29,050
  • Sep 3, 2018 5:37am Sep 3, 2018 5:37am
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I think this was my first post about this pattern. I might have got it right this time.
POSTMASTER
  • #29,051
  • Sep 3, 2018 6:55am Sep 3, 2018 6:55am
Quoting petehnm
{quote} one of these days gonna quit asking and just do it ..could've caught a nice little pop..oh well let's see what next week brings.
Maybe wanna go long now. I believe its ok
POSTMASTER
  • #29,052
  • Sep 3, 2018 8:32am Sep 3, 2018 8:32am
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Still holding the angle. I need to improve some aspects but slowly will get there. I have been trading for 17 years and so far all these indicators RSI MACD etc lag. There are just misleading. No good. You get the information from the past but predicting is got to do with mathematics. this is my experience.
POSTMASTER
  • #29,053
  • Sep 3, 2018 8:39am Sep 3, 2018 8:39am
Quoting Robinhood1
{image} Still holding the angle. I need to improve some aspects but slowly will get there. I have been trading for 17 years and so far all these indicators RSI MACD etc lag. There are just misleading. No good. You get the information from the past but predicting is got to do with mathematics. this is my experience.
Hi RH, what is your TP on this?
I bought it at 142.9 with a TP of 143.9 which is 38.2 Fib from the high of 145.69. If this low holds, this represents the end of Wave 1.
Lost....
  • #29,054
  • Sep 3, 2018 9:32am Sep 3, 2018 9:32am
Quoting gespiri
{quote} Hi RH, what is your TP on this? I bought it at 142.9 with a TP of 143.9 which is 38.2 Fib from the high of 145.69. If this low holds, this represents the end of Wave 1.
Hi Gespri, I believe it will break recent highs 145.69 but probably will sell before and change to other pair that squares the angle. I more or less got the entries quite right but not sure where to exit so 143.9 is good also for me. It depends on other oportunities that might appear.
POSTMASTER
  • #29,055
  • Sep 3, 2018 10:19am Sep 3, 2018 10:19am
Quoting Robinhood1
{quote} Hi Gespri, I believe it will break recent highs 145.69 but probably will sell before and change to other pair that squares the angle. I more or less got the entries quite right but not sure where to exit so 143.9 is good also for me. It depends on other oportunities that might appear.
I'm 15% lost here actually.....
This move up ended at 61.8% of 149.29 - 139.88 (indicative of a bigger wave down)
This recent move down ended at 50.0% of 139.88 - 145.69 (indicative of Wave B which means wave C up is about to start)
Given the uncertainty of Brexit within the next few weeks, I will still close my longs at 143.9 and will wait and see.
Lost....
  • #29,056
  • Sep 3, 2018 10:27am Sep 3, 2018 10:27am
Quoting gespiri
{quote} I'm 15% lost here actually..... This move up ended at 61.8% of 149.29 - 139.88 (indicative of a bigger wave down) This recent move down ended at 50.0% of 139.88 - 145.69 (indicative of Wave B which means wave C up is about to start) Given the uncertainty of Brexit within the next few weeks, I will still close my longs at 143.9 and will wait and see.
If you can do it, we are talking about 100 pips, good enough.
POSTMASTER
  • #29,057
  • Sep 3, 2018 10:34am Sep 3, 2018 10:34am
Quoting gespiri
{quote} I'm 15% lost here actually..... This move up ended at 61.8% of 149.29 - 139.88 (indicative of a bigger wave down) This recent move down ended at 50.0% of 139.88 - 145.69 (indicative of Wave B which means wave C up is about to start) Given the uncertainty of Brexit within the next few weeks, I will still close my longs at 143.9 and will wait and see.
Attached Image (click to enlarge)
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This pattern is like 1929 crash. As you can see price has gone out of range but finally come back to rest on angle. So i asume EW can be distorted in this move!!
POSTMASTER
  • #29,058
  • Sep 3, 2018 10:37am Sep 3, 2018 10:37am
Quoting gespiri
{quote} I'm 15% lost here actually..... This move up ended at 61.8% of 149.29 - 139.88 (indicative of a bigger wave down) This recent move down ended at 50.0% of 139.88 - 145.69 (indicative of Wave B which means wave C up is about to start) Given the uncertainty of Brexit within the next few weeks, I will still close my longs at 143.9 and will wait and see.
In normal circumstances it should have reached 143.80 aprox. had it hit the angle so maybe 143.70 is a safe place to exit.
POSTMASTER
  • #29,059
  • Sep 3, 2018 2:04pm Sep 3, 2018 2:04pm
Quoting Robinhood1
{quote} In normal circumstances it should have reached 143.80 aprox. had it hit the angle so maybe 143.70 is a safe place to exit.
This is what I'm looking at 4hr. Dunno if it will go to wave C or stop at wave 2 and down.....
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Lost....
  • #29,060
  • Sep 3, 2018 2:29pm Sep 3, 2018 2:29pm
To me it looks like ending at C. Weakness is now on the Japannese Yen. When CHF is strong against a certain pair that pair will struggle. Look at the daily chart CHF/JPY!!


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POSTMASTER
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