Dragon Riders GBP/JPY | Page 1469 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Enter The Dragon - GBP/JPY 2 replies

Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Attachments: Dragon Riders GBP/JPY
Exit Attachments

Dragon Riders GBP/JPY

  • #29,361
  • Oct 18, 2018 5:12am Oct 18, 2018 5:12am
Quoting aa4fx
Now I am thinking if I hurry in but since I took a coffee + doughnut (+croissant) to join the club, what can go wrong?
I need an expert advice: the doughnut must be with chocolate or vanilla?

I took the doughnut with vanilla since the croissant was with chocolate and I don't know if currently I am under a croissant side efect or I took the wrong doughnut ... because I am tempted to close my trades as I usually do rather than let them run for a bigger profit.

Anyway, this 147.5x waited too long for me to go out, ...
hm, 147.64 while typing ...
147.67
.69
.67 - is going down!
.70 - hm!
... show me .21 and I'll go out!
.64
.73
... what a coincidence with that .21 number, my tp is at .21, not 147 but 146!

I'll let the things 'as is', time to see what SXF airport could offer in terms of food for lunch.

.67!
  • #29,362
  • Oct 18, 2018 5:26am Oct 18, 2018 5:26am
I like to use EURGBP as indication sometimes

if EURGBP break the up trend I drew you will see GJ flying
Attached Image (click to enlarge)
Click to Enlarge Name: eg.jpg Size: 118 KB
  • #29,363
  • Oct 18, 2018 5:41am Oct 18, 2018 5:41am
Quoting aa4fx
{quote} I need an expert advice: the doughnut must be with chocolate or vanilla? I took the doughnut with vanilla since the croissant was with chocolate and I don't know if currently I am under a croissant side efect or I took the wrong doughnut ... because I am tempted to close my trades as I usually do rather than let them run for a bigger profit. Anyway, this 147.5x waited too long for me to go out, ... hm, 147.64 while typing ... 147.67 .69 .67 - is going down! .70 - hm! ... show me .21 and I'll go out! .64 .73 ... what a coincidence with that...
It doesnŽt look good for your trade. GJ looks good. Maybe going to 148.30 today and tomorrow.

BUT !! Anything can happen in Forex...
Observation is the path to discovery.
  • #29,364
  • Oct 18, 2018 5:53am Oct 18, 2018 5:53am
Won't buy until it reaches the pink circle area (daily chart).
I think we're still finishing wave 4. We'll see...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 84 KB
Lost....
  • #29,365
  • Oct 18, 2018 6:31am Oct 18, 2018 6:31am
Quoting gespiri
Won't buy until it reaches the pink circle area (daily chart). I think we're still finishing wave 4. We'll see... {image}
It is very possible you are correct. It would complete the right shoulder of the H&S before going higher.

WeŽll see... There are many ways to get to Rome.
Observation is the path to discovery.
  • #29,366
  • Oct 18, 2018 6:44am Oct 18, 2018 6:44am
Quoting aa4fx
{quote} I need an expert advice: the doughnut must be with chocolate or vanilla? I took the doughnut with vanilla since the croissant was with chocolate and I don't know if currently I am under a croissant side efect or I took the wrong doughnut ... because I am tempted to close my trades as I usually do rather than let them run for a bigger profit. Anyway, this 147.5x waited too long for me to go out, ... hm, 147.64 while typing ... 147.67 .69 .67 - is going down! .70 - hm! ... show me .21 and I'll go out! .64 .73 ... what a coincidence with that...
I am out now @ 147.36

No extra doughnut, although I was seriously considering to get the chocolate one too.
  • #29,367
  • Oct 18, 2018 9:28am Oct 18, 2018 9:28am
TAP, TAP, TAP.......3 triple bottom attempt at 147.07 level (1 hr). At some point, it will have to give in.....
Lost....
  • #29,368
  • Oct 18, 2018 9:42am Oct 18, 2018 9:42am
maybe we see a push under the last couple of days lows, maybe down to this weeks open 146.70ish....and see if there are any buyers down there...
Look Sharp/Trade Tight
  • #29,369
  • Oct 18, 2018 9:52am Oct 18, 2018 9:52am
Quoting PayTheLimit
maybe we see a push under the last couple of days lows, maybe down to this weeks open 146.70ish....and see if there are any buyers down there...
Yes, we donŽt have a bottom yet.

It still looks like it wants to test the 50 SMA (Red) at around 145.60 to 146.00
Attached Image
Observation is the path to discovery.
  • #29,370
  • Oct 18, 2018 10:15am Oct 18, 2018 10:15am
and there she blows....
pending buy at 146.50, lets get it
  • #29,371
  • Oct 18, 2018 10:20am Oct 18, 2018 10:20am
Quoting Alorente
{quote} Yes, we donŽt have a bottom yet. It still looks like it wants to test the 50 SMA (Red) at around 145.60 to 146.00 {image}
I just woke up from my nap to see everything is down. I am still in my BUY position am not going to close. I will add more buy if it make new low

GU 1.303x to 1.305x is very critical strong support it might bounce from there and make GJ bounce with it.

most important for me that we never go below 145.66
  • #29,372
  • Oct 18, 2018 10:35am Oct 18, 2018 10:35am
its too early to think these pattern will work. but its worth looking at if we didn't make a new low
Attached Image(s) (click to enlarge)
Click to Enlarge Name: if bottom.jpg Size: 77 KB
Click to Enlarge Name: too early.jpg Size: 135 KB
  • #29,373
  • Oct 18, 2018 10:44am Oct 18, 2018 10:44am
the bearish triangle that we have on hourly chart targeting around 146.4x
Attached Image (click to enlarge)
Click to Enlarge Name: bear triang.jpg Size: 115 KB
  • #29,374
  • Oct 18, 2018 10:59am Oct 18, 2018 10:59am
triangle target at 146.4x reached

now on 4h chart we can see a possible bullish divergence I think this divergence will survive as long we didn't go below 145.66
Attached Image
  • #29,375
  • Oct 18, 2018 11:02am Oct 18, 2018 11:02am
the area between 146.40 to 145.90 is sooooo attractive for me to open extra long positions
  • #29,376
  • Oct 18, 2018 11:02am Oct 18, 2018 11:02am
lets head to 140...
  • #29,377
  • Oct 18, 2018 11:12am Oct 18, 2018 11:12am
Quoting FKhan
lets head to 140...
dreaming ? or you have chart to support this target
  • #29,378
  • Oct 18, 2018 11:21am Oct 18, 2018 11:21am
I went long 2nd entry at 146.37

original entry was at 146.77
  • #29,379
  • Oct 18, 2018 12:00pm Oct 18, 2018 12:00pm
still same plan no changes

stop loss should be breaking the yellow line at 145.66
Attached Image (click to enlarge)
Click to Enlarge Name: new down.jpg Size: 144 KB
  • #29,380
  • Oct 18, 2018 12:08pm Oct 18, 2018 12:08pm
142.50 is posible but 145.00 to 145.60 is also a buy. not breaking 145.00 it will go to around 154.70
POSTMASTER
5 traders viewing now