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Dragon Riders GBP/JPY

  • #29,441
  • Oct 22, 2018 7:51am Oct 22, 2018 7:51am
Quoting donfriday
{quote} no hope. the whole tings look bearish since and still
classic analysis says short. Elliott says 1 more high needed before any serious short. so am following Mr.Elliott until it gets invalid loool
  • #29,442
  • Oct 22, 2018 7:57am Oct 22, 2018 7:57am
I think 145.8x~145.9x should hold as a support to show some bulls strength and in the next 3 hours bulls should step in to stop the bear party
  • #29,443
  • Oct 22, 2018 8:05am Oct 22, 2018 8:05am
I bought now at 146.09 a risky 2nd position with SL at 145.65
  • #29,444
  • Oct 22, 2018 8:09am Oct 22, 2018 8:09am
next possible supports I see....
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Look Sharp/Trade Tight
  • #29,445
  • Oct 22, 2018 8:11am Oct 22, 2018 8:11am
after 3 hours if the 4h candle closes with hammer shape and above 146.50 I would say the bulls start to buy. lets see
  • #29,446
  • Oct 22, 2018 8:13am Oct 22, 2018 8:13am
Quoting PayTheLimit
next possible supports I see.... {image}
my only confusion with Elliott is which top I would be consider the top of WAVE 1

ellliott says we cannot go below top of wave 1 so I put 2 arrows to show how confused I am to which one I should choose for wave 1 top hehehe
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  • #29,447
  • Oct 22, 2018 8:21am Oct 22, 2018 8:21am
come on Robert prechter do your magic kill those bears
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  • #29,448
  • Oct 22, 2018 8:25am Oct 22, 2018 8:25am
Quoting msniper
{quote} my only confusion with Elliott is which top I would be consider the top of WAVE 1 ellliott says we cannot go below top of wave 1 so I put 2 arrows to show how confused I am to which one I should choose for wave 1 top hehehe {image}
I'm not an Elliot guy, so I've even more confused...those levels are off price action only...but if your bullish, I think one think you can try to hang you hat on is Fridays no ass candle...maybe that provides some support, its not ideally placed perhaps, but its got no ass....



back later, gl all...
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Look Sharp/Trade Tight
  • #29,449
  • Oct 22, 2018 8:34am Oct 22, 2018 8:34am
very basic information about Elliott waves:

if you see a trend is broken it means one of these 2

A) we are in wave 4 and there is one more push to wave 5 to new high
B) we are in wave A and we will go up in wave B below the top of wave 5

I choosed to be bullish and go long because I have faith we are in scenario (A)
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  • #29,450
  • Oct 22, 2018 9:35am Oct 22, 2018 9:35am
Quoting msniper
very basic information about Elliott waves: if you see a trend is broken it means one of these 2 A) we are in wave 4 and there is one more push to wave 5 to new high B) we are in wave A and we will go up in wave B below the top of wave 5 I choosed to be bullish and go long because I have faith we are in scenario (A) {image}
I agree. It has to print 150.00 or more first before falling.
Lost....
  • #29,451
  • Oct 22, 2018 10:22am Oct 22, 2018 10:22am
One of those days when I dare to buy the gbp, sooner than the wanted ~ 146.16 as I didn't believed it will reach it, but it did ... now looking to see 147.53 or 148.9 ...
  • #29,452
  • Oct 22, 2018 10:29am Oct 22, 2018 10:29am
Forces tell us trend is SHORT. The short signal this morning on 4H chart hits TP1 (+60pips).....pay attention to Weekly chart: short from 146.27 and its TP is 143.64
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  • #29,453
  • Oct 22, 2018 10:49am Oct 22, 2018 10:49am
if previews low is not broken then we are going easily to 149 and 150. this one harmonic pattern support this scenario
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  • #29,454
  • Oct 22, 2018 10:50am Oct 22, 2018 10:50am
Quoting aa4fx
One of those days when I dare to buy the gbp, sooner than the wanted ~ 146.16 as I didn't believed it will reach it, but it did ... now looking to see 147.53 or 148.9 ...
we will win lets just be patient and see how today is closing
  • #29,455
  • Oct 22, 2018 10:50am Oct 22, 2018 10:50am
Quoting metatsock
Forces tell us trend is SHORT. The short signal this morning on 4H chart hits TP1 (+60pips).....pay attention to Weekly chart: short from 146.27 and its TP is 143.64 {image}
agreed trend is down but the top is not made yet. we need 1 more top above 149.40 and then I will be happy to join bear side
  • #29,456
  • Oct 22, 2018 11:28am Oct 22, 2018 11:28am
4h candle close not in a nice way. still waiting for bulls to step in and take over the show

look at the Bollinger bands set at level 80

we are exactly at the support we didn't break it so a bounce is very possible to happen up to the 150
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  • #29,457
  • Oct 22, 2018 11:39am Oct 22, 2018 11:39am
maybe 147 then drop again
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MY OPINION NOT FINANCIAL ADVISE
  • #29,458
  • Oct 22, 2018 12:02pm Oct 22, 2018 12:02pm
Quoting donfriday
maybe 147 then drop again {image}
GJ is doing lower highs for the past 1 or 2 months. which means if we make 1 higher highs along with hjgher low we will know the bottom is found and new top will be made

last high made was 147.57 so now 147.57 is the key once its taken out then welcome 150.

the way gj is moving is still confusing and not a clear impulsive so my bullish scenario still valid.

if we go back to 147 without breaking 145.78 it will be really dangerous for sellers and good for us buyers
  • #29,459
  • Oct 22, 2018 1:33pm Oct 22, 2018 1:33pm
just open long and target 148.200
  • #29,460
  • Oct 22, 2018 2:58pm Oct 22, 2018 2:58pm
Quoting Prodix86
just open long and target 148.200
great welcome to the club

and if price reach to 148.20 I advice u not to take profit you need to keep it to above 149.40
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