Attachments: Dragon Riders GBP/JPY

Dragon Riders GBP/JPY

#29,121
Sep 14, 2018 7:16pm Sep 14, 2018 7:16pm

Gbp/jpy
Joined Nov 2007 | Status: CHART HACKER | 2,454 Posts

Espiri, baby....or 141.67 my unequaled candle.....but the USD jpy is supposed to go on up....but....agreed

Hi Blake...

#29,122
Sep 16, 2018 12:23pm Sep 16, 2018 12:23pm

FractalFreak
| Commercial User | Joined Feb 2014 | 10,143 Posts

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#29,123
Sep 17, 2018 9:00am Sep 17, 2018 9:00am

gespiri
Joined Oct 2011 | Status: Lost.... | 2,384 Posts

Quoting gespiri

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This is my wave C count. Clearly, we are in wave 3.... {image}

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I think this wave 3 of wave C should end around 147.9 - 148.1 and start wave 4 of wave C....

Lost....

#29,124
Sep 17, 2018 9:05am Sep 17, 2018 9:05am

voketexpert
| Additional Username | Joined Aug 2018 | 549 Posts

Big trend is still going up.

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#29,125
Sep 17, 2018 7:05pm Sep 17, 2018 7:05pm

Gbp/jpy
Joined Nov 2007 | Status: CHART HACKER | 2,454 Posts

Quoting gespiri

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{quote} I think this wave 3 of wave C should end around 147.9 - 148.1 and start wave 4 of wave C....

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I like that....

#29,126
Sep 18, 2018 12:07am Sep 18, 2018 12:07am

Mpt
Joined Nov 2009 | Status: Trader | 2,582 Posts

Maybe by only a few pips, but still in it's descending channel. GU bang on long term circular resistance. But break up probably suggests reversal back towards 149.5 and above.

#29,127
Sep 18, 2018 12:20am Sep 18, 2018 12:20am

gespiri
Joined Oct 2011 | Status: Lost.... | 2,384 Posts

Quoting Mpt

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Maybe by only a few pips, but still in it's descending channel. GU bang on long term circular resistance. But break up probably suggests reversal back towards 149.5 and above.

Ignored

I don't know if it will go up that high. This wave C for me will top off at 148.31 - 148.67. We'll see what happens....

Lost....

#29,128
Sep 18, 2018 11:52am Sep 18, 2018 11:52am

gespiri
Joined Oct 2011 | Status: Lost.... | 2,384 Posts

I think this is the end of Wave 3 of wave C. I was expecting to sell it at 148.00 but it may shoot back up there or maybe not.
If this is the end, my count is not clear at this point. I am short until 146.10 and will wait there although the 146.88 might also be a turning point. All in all, I'll be happy with a 100 pip profit on this one and will wait and see on the sidelines if the analyses materializes.
I still expect wave C to finish at 148.31 - 148.67 (Wave A is almost the same length as Wave C as a general rule). Mpt's forecast of 149.5 might materialize as an extension, but we will see.

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Lost....

#29,129
Sep 19, 2018 5:06am Sep 19, 2018 5:06am

Mpt
Joined Nov 2009 | Status: Trader | 2,582 Posts

Quoting gespiri

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I think this is the end of Wave 3 of wave C. I was expecting to sell it at 148.00 but it may shoot back up there or maybe not. If this is the end, my count is not clear at this point. I am short until 146.10 and will wait there although the 146.88 might also be a turning point. All in all, I'll be happy with a 100 pip profit on this one and will wait and see on the sidelines if the analyses materializes. I still expect wave C to finish at 148.31 - 148.67 (Wave A is almost the same length as Wave C as a general rule). Mpt's forecast of 149.5 might...

Ignored

Consider the length of the move March/April with this one thus far. They're both around 870/880. Then note the 1.618 relationship (thus far) that each of the Mar/April and August moves have wrt the downtrend move 154 ish /140 ish. (875 x 1.618) not an exact match, but within about 15 pips. . The burning question remains - is this thing back into an uptrend or not? Failure at 148 x with no extension argues the down trend remains and that the last 6 months of moves have been a wave 2 a/b/c in a descending channel. Following that idea, the channel has only ever been touched once before - at 145 in march.

Another high makes that argument less plausible and may totally negate it. On a side note, if my memory is correct, wave c's do not always run extension waves (4/5). Anyway, just posted this for your entertainment and pleasure. All wave relationships may be purely coincidental and my proposition contains lots of ifs and maybes.

#29,130
Sep 19, 2018 5:45am Sep 19, 2018 5:45am

gespiri
Joined Oct 2011 | Status: Lost.... | 2,384 Posts

Quoting Mpt

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{quote} Consider the length of the move March/April with this one thus far. They're both around 870/880. Then note the 1.618 relationship (thus far) that each of the Mar/April and August moves have wrt the downtrend move 154 ish /140 ish. (875 x 1.618) not an exact match, but within about 15 pips. . .....posted this for your entertainment and pleasure. All wave relationships may be purely coincidental and my proposition contains lots of ifs and maybes.

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Which chart are you looking at in your first paragraph? Daily?

Lost....

#29,131
Sep 19, 2018 5:48am Sep 19, 2018 5:48am

Mpt
Joined Nov 2009 | Status: Trader | 2,582 Posts

Quoting gespiri

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{quote} Which chart are you looking at in your first paragraph? Daily?

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yeah

#29,132
Sep 19, 2018 5:52am Sep 19, 2018 5:52am

Yudheng
| Joined May 2018 | Status: Trader | 17 Posts

Quoting gespiri

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{quote} I don't know if it will go up that high. This wave C for me will top off at 148.31 - 148.67. We'll see what happens....

Ignored

You right