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Dragon Riders GBP/JPY

  • #29,081
  • Sep 6, 2018 8:52am Sep 6, 2018 8:52am
Quoting Robinhood1
{image} 2 more highs and then when the angle is broken it is a short position traveling quite a long distance
My count....kinda coincides with yours....
Let's wait and see.
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Lost....
  • #29,082
  • Sep 6, 2018 8:53am Sep 6, 2018 8:53am
Here we have an angle example USD/CAD. should reach 1.3600 once it broke the angle after 3 lows.
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POSTMASTER
  • #29,083
  • Sep 6, 2018 9:00am Sep 6, 2018 9:00am
Another example EUR/AUD . 2 more highs hitting the angle and down we go.

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POSTMASTER
  • #29,084
  • Sep 6, 2018 9:19am Sep 6, 2018 9:19am
GBP JPY sideways pattern.
Its better to play safe.
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Profit growth tells you the trader ability.
  • #29,085
  • Sep 6, 2018 11:33am Sep 6, 2018 11:33am
143.17 still a good buy
POSTMASTER
  • #29,086
  • Sep 6, 2018 11:43am Sep 6, 2018 11:43am
Quoting Robinhood1
143.17 still a good buy
Looks like the picture has changed....finishing wave 2 perhaps....
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Lost....
  • #29,087
  • Sep 6, 2018 11:55am Sep 6, 2018 11:55am
Quoting gespiri
{quote} Looks like the picture has changed....finishing wave 2 perhaps.... {image}
well not good at EW but if you think its going up and so do I, it will go up hahahaha
POSTMASTER
  • #29,088
  • Sep 6, 2018 11:59am Sep 6, 2018 11:59am
Quoting Robinhood1
{quote} well not good at EW but if you think its going up and so do I, it will go up hahahaha
This sonofabitch better go up from here at the 76.4 level....unless some asshole in the EU/UK gov't starts opening up their big mouths....
Lost....
  • #29,089
  • Edited 11:21pm Sep 6, 2018 7:44pm | Edited 11:21pm
Quoting msniper
I put pending order to buy GBPJPY @ 142.20 and 141.00 SL 139.00 target 148 to 150 it might take a week or more to reach to my entry
Agreed. It appears the central pivot for a possibly larger correction sits around 142.5/7 (obviously). Re the overall base, am still unsure, but suspect it may be marginally under 139.5. Assuming this central pivot area can break, I would expect a reaction 141/140.8 - assuming it's a bullish reversal setting up. Under 139.2 continues onto earlier suggested equality target around 136 or closest support around there.
  • #29,090
  • Sep 6, 2018 8:50pm Sep 6, 2018 8:50pm
Only EURJPY, GBPJPY, CHFJPY left that remains above that low vs USDJPY, AUDJPY, CADJPY, NZDJPY. Wouldn't be surprised if more pullback. The key though is the August lows. That has to be protected for further upside. Look at Nikkei too is going to that zone. With all these put into context, the odds for a rally now is more suspect.... but as with all things in finance, we are all fooled by randomness.
  • #29,091
  • Sep 7, 2018 12:53am Sep 7, 2018 12:53am
this is my imagination for GJ future move. hope I will be right
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  • #29,092
  • Sep 7, 2018 1:38am Sep 7, 2018 1:38am
Quoting msniper
this is my imagination for GJ future move. hope I will be right {image}
hope not
POSTMASTER
  • #29,093
  • Sep 7, 2018 1:40am Sep 7, 2018 1:40am
I will close my positions at 143.75 and will wait and see.....
Lost....
  • #29,094
  • Sep 7, 2018 1:50am Sep 7, 2018 1:50am
GBP JPY last day on market + side ways H1 pattern

its better to play safe. no chance to trade? just leave it for a while.
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Profit growth tells you the trader ability.
  • #29,095
  • Sep 7, 2018 2:11am Sep 7, 2018 2:11am
Quoting voketexpert
GBP JPY last day on market + side ways H1 pattern its better to play safe. no chance to trade? just leave it for a while. {image}
It TRIPLE BOTTOMED last night and now going up. My count actually has been debunked so I'll wait and see. You're right....you never know what happens on Fridays with this pair.
Lost....
  • #29,096
  • Sep 7, 2018 4:17am Sep 7, 2018 4:17am
Quoting gespiri
I will close my positions at 143.75 and will wait and see.....
I am convinced that we will see 2 more waves breaking recent high 145.69 so i will close @ 145.60 and wait down here "143.00" to buy again till we complete 3 wave. And that will be the end of this pair for me until new angle scenario appears. We are in a sideways pattern
POSTMASTER
  • #29,097
  • Sep 7, 2018 4:52am Sep 7, 2018 4:52am
Quoting msniper
I put pending order to buy GBPJPY @ 142.20 and 141.00 SL 139.00 target 148 to 150 it might take a week or more to reach to my entry
I guess you were wrong about the week part, I am testing this EA that makes use of MACD. And it went long at 143.231 30pips in profit
  • #29,098
  • Sep 7, 2018 4:58am Sep 7, 2018 4:58am
Quoting Reality5
{quote} I guess you were wrong about the week part, I am testing this EA that makes use of MACD. And it went long at 143.231 30pips in profit
what is wrong with a pending order waiting below ? I don't see I am wrong in anything. if its bouncing up and its not making any new weekly highs and you are making profit that's very good for you.

for me I look always for big cake not for 30 or 50pips
  • #29,099
  • Sep 7, 2018 5:40am Sep 7, 2018 5:40am
Quoting Reality5
{quote} I guess you were wrong about the week part, I am testing this EA that makes use of MACD. And it went long at 143.231 30pips in profit
Anyone can and will be wrong sometime. No need to press them on it. I was wrong too....thought it will go up from 143.75 but went down to 142.59.
Anyway, forget about it and let's try to make some money.
Lost....
  • #29,100
  • Sep 7, 2018 5:43am Sep 7, 2018 5:43am
Quoting Robinhood1
{quote} I am convinced that we will see 2 more waves breaking recent high 145.69 so i will close @ 145.60 and wait down here "143.00" to buy again till we complete 3 wave. And that will be the end of this pair for me until new angle scenario appears. We are in a sideways pattern
Hi RH1, which wave 3 are you referring to? The one all the way to 147.xx?
Lost....
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