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Dragon Riders GBP/JPY

  • #29,421
  • Oct 19, 2018 11:08am Oct 19, 2018 11:08am
Quoting msniper
I personally believe that the drop happened yesterday is just a fake out drop. and they will burn many people who shorted because the trend is broken 147.5x area is not only the key for the upside its also the retest area for the broken trend which will encourage new sellers to step in. so we should break it strongly not in shy way hehe

you cant say its a fake drop when no candle have break it up...
MY OPINION NOT FINANCIAL ADVISE
  • #29,422
  • Oct 19, 2018 11:13am Oct 19, 2018 11:13am
Quoting donfriday
{quote} you cant say its a fake drop when no candle have break it up...
I used the wrong word I guess . I meant was fake breakdown for the up trend

everyone selling because the 4h and daily up trend is brokendown. and what I see its a fake break and we will go above the trend again
  • #29,423
  • Oct 19, 2018 11:29am Oct 19, 2018 11:29am
Quoting msniper
{quote} I used the wrong word I guess . I meant was fake breakdown for the up trend everyone selling because the 4h and daily up trend is brokendown. and what I see its a fake break and we will go above the trend again

is this not simple?
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MY OPINION NOT FINANCIAL ADVISE
  • #29,424
  • Oct 19, 2018 11:50am Oct 19, 2018 11:50am
Quoting donfriday
{quote} is this not simple? {image}
yes this long candle for me is fake just to scare buyers and we should fly.

the second scenario is possible if we break the 145.66 and the 143.7x area will offer nice buying area

but I play with 1 scenario now until its proven wrong
  • #29,425
  • Oct 19, 2018 12:09pm Oct 19, 2018 12:09pm
wolfe wave is working very well so far. waiting for breakout for this down channel
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  • #29,426
  • Oct 19, 2018 12:15pm Oct 19, 2018 12:15pm
Quoting msniper
{quote} yes this long candle for me is fake just to scare buyers and we should fly. the second scenario is possible if we break the 145.66 and the 143.7x area will offer nice buying area but I play with 1 scenario now until its proven wrong
Otherwise known as a bear trap....
Anyway, 147.65 - 147.85 is in the cards to go through....
Lost....
  • #29,427
  • Oct 19, 2018 12:30pm Oct 19, 2018 12:30pm
Quoting gespiri
{quote} Otherwise known as a bear trap.... Anyway, 147.65 - 147.85 is in the cards to go through....

thats previous day high and it mean we back in range, i dont see ur level efficient
MY OPINION NOT FINANCIAL ADVISE
  • #29,428
  • Oct 19, 2018 12:36pm Oct 19, 2018 12:36pm
Is it gonna make a gap like last weekend 80pips ?
  • #29,429
  • Oct 19, 2018 2:26pm Oct 19, 2018 2:26pm
Quoting sukumazz
Is it gonna make a gap like last weekend 80pips ?
up or down
  • #29,430
  • Oct 20, 2018 12:06pm Oct 20, 2018 12:06pm
GBPJPY Fibonacci Analisys MTF
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  • #29,431
  • Oct 21, 2018 7:55pm Oct 21, 2018 7:55pm
I think its gonna be hard to see GJ below 145.80 these days until we make new high above 149.40

am still holding my buy and I will be targeting a new high after I close my long and I will be getting ready for a short
  • #29,432
  • Oct 22, 2018 1:37am Oct 22, 2018 1:37am
I see cup and handle 1h chart we heading up guys
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  • #29,433
  • Oct 22, 2018 1:58am Oct 22, 2018 1:58am
With sudden Brexit news, GBP spikes and I have a slippage of 25 pips from a 5pip stop loss. How do I mitigate or avoid this huge slippage?
I think are 5 ways to do this:

1. Don’t trade GBP in the afternoon when this sudden Brexit news comes out.
2. Increase the speed of my internet from 4Mg/sec
3. Put a limit order on the adverse side (don’t know if if this works)
4.Move to a Razor account.
5.Get a faster computer. I have an apple which is pretty fast.

Does anyone have any ideas on ways to reduce slippage? Thanks

I know that slippage is a normal part of forex trading
  • #29,434
  • Oct 22, 2018 2:00am Oct 22, 2018 2:00am
Quoting msniper
I see cup and handle 1h chart we heading up guys {image}
Just be careful since this is completely overbought on the 1hr and lower TF signaling an intraday short bias.
I'm going short at 147.65 and 147.82 but my overall trend target is still at 151.53 or so....
Lost....
  • #29,435
  • Oct 22, 2018 5:15am Oct 22, 2018 5:15am
Quoting gespiri
{quote} Just be careful since this is completely overbought on the 1hr and lower TF signaling an intraday short bias. I'm going short at 147.65 and 147.82 but my overall trend target is still at 151.53 or so....
It didn't reach my levels but after this correction on the 1hr (either ending at 146.87 or 146.68 wich are 38.2 and 50.0 fibs respectively), this should now go up and start wave 3).
Lost....
  • #29,436
  • Oct 22, 2018 6:18am Oct 22, 2018 6:18am
still mostly down, cable feels crapish, but UJ working higher, noting this level for now...
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Look Sharp/Trade Tight
  • #29,437
  • Oct 22, 2018 7:37am Oct 22, 2018 7:37am
Every time I read bull calls, I see drops instead... coincidence?
  • #29,438
  • Oct 22, 2018 7:37am Oct 22, 2018 7:37am
Quoting PayTheLimit
still mostly down, cable feels crapish, but UJ working higher, noting this level for now... {image}
still playing in safe confused range. its good that its still above 145.66 and I prefer to see it bounce from current level and not break 145.80 to show good hope and control for bulls
  • #29,439
  • Oct 22, 2018 7:43am Oct 22, 2018 7:43am
Quoting msniper
{quote} still playing in safe confused range. its good that its still above 145.66 and I prefer to see it bounce from current level and not break 145.80 to show good hope and control for bulls
no hope. the whole tings look bearish since and still
MY OPINION NOT FINANCIAL ADVISE
  • #29,440
  • Oct 22, 2018 7:48am Oct 22, 2018 7:48am
Quoting msniper
I see cup and handle 1h chart we heading up guys {image}

looking more short bro
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MY OPINION NOT FINANCIAL ADVISE
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