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Dragon Riders GBP/JPY

  • #29,541
  • Oct 24, 2018 8:42am Oct 24, 2018 8:42am
1 H ,4H and 1D Stocastics are in oversold...its time to go long?
  • #29,542
  • Oct 24, 2018 9:17am Oct 24, 2018 9:17am
Quoting Cicciobello
1 H ,4H and 1D Stocastics are in oversold...its time to go long?
maybe it formed in a sell trend hence little effect. i advice you set your stop loss
i have tried to start trades with a trend, now i prefer to follow the trend
  • #29,543
  • Oct 24, 2018 9:17am Oct 24, 2018 9:17am
Quoting vodanh
what happened to yesterday's Hammer? is it still valid? I should close my long on GJ... it i giving me a heart attack.
a single candle pattern is not a great signal without the following confirmation from the next one...otherwise you just speculating...just my opinion.
keep trading...
  • #29,544
  • Oct 24, 2018 9:31am Oct 24, 2018 9:31am
Quoting jereajali
{quote} maybe it formed in a sell trend hence little effect. i advice you set your stop loss
i will do it
  • #29,545
  • Oct 24, 2018 10:11am Oct 24, 2018 10:11am
now @ 145.12
it looks to me that it is trying to reach 144.96, just in case it will, pending buy in place as I see it happening only via a spike.
  • #29,546
  • Edited 10:30am Oct 24, 2018 10:16am | Edited 10:30am
Short @ 145.15...SL 145.34..PT 144.70

SL moved to 145.20


-------------------------------------------------------


I'm just here to trade the Dragon without any BS.
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  • #29,547
  • Oct 24, 2018 10:17am Oct 24, 2018 10:17am
Quoting fareedlai
{quote} a single candle pattern is not a great signal without the following confirmation from the next one...otherwise you just speculating...just my opinion.
Quite correct. On top of that, it wasn't a valid hammer. Location for one but also a close below the previous 3 days Opens/Closes. More of a continuation signal in my opinion.
Ghost Rider - WWTBMD?
  • #29,548
  • Oct 24, 2018 10:22am Oct 24, 2018 10:22am
Quoting albchr
{quote} Quite correct. On top of that, it wasn't a valid hammer. Location for one but also a close below the previous 3 days Opens/Closes. More of a continuation signal in my opinion.

Thanks for the advice, I am really appreciated it. I need to be patient next time
  • #29,549
  • Oct 24, 2018 10:28am Oct 24, 2018 10:28am
that might have been it, ... getting ready to fly!
  • #29,550
  • Oct 24, 2018 10:41am Oct 24, 2018 10:41am
Quoting aa4fx
now @ 145.12 it looks to me that it is trying to reach 144.96, just in case it will, pending buy in place as I see it happening only via a spike.
not yet triggered, manual scalping works fine, last was from .05 ...
now @ .08 ... maybe it will go to take my pending buy
  • #29,551
  • Oct 24, 2018 10:48am Oct 24, 2018 10:48am
1H hit Potential Reversal Zone..... Let's see if it will not be broken....
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  • #29,552
  • Oct 24, 2018 10:51am Oct 24, 2018 10:51am
Quoting metatsock
1H hit Potential Reversal Zone..... Let's see if it will not be broken.... {image}
what is the target for your pattern if reversal happen ?
  • #29,553
  • Oct 24, 2018 10:54am Oct 24, 2018 10:54am
Quoting mbrown
Short @ 145.15...SL 145.34..PT 144.70 SL moved to 145.20 ------------------------------------------------------- I'm just here to trade the Dragon without any BS. {image}
Stopped out. -5pips + costs.
  • #29,554
  • Oct 24, 2018 10:58am Oct 24, 2018 10:58am
Quoting msniper
{quote} what is the target for your pattern if reversal happen ?
Reversal long from .37 with TPs green lines x1 and x2
  • #29,555
  • Edited 11:47am Oct 24, 2018 11:10am | Edited 11:47am
SHort again @ 145.22 SL @ 10 pips. I can't see any reason on my charts why this pair should go up.

All I see are recent trend lines breaks to the downside on 15, 30, 60, 240 and 1440 and TL test and rejection on the monthly.

Downside target seems to be 142.83.

Even the 5min is containing price to the downside. Micro up move should stop at 145.19.

This pair has profound bear written all over it and if I was a very long term trader I'd be short to 105 (holding period 2 to 3 years). The money here is in the precise calculation of the primary down trend's Elliot waves and selling on retracements.

Profit target changed to open.
  • #29,556
  • Oct 24, 2018 12:15pm Oct 24, 2018 12:15pm
classic text book
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  • #29,557
  • Oct 24, 2018 12:18pm Oct 24, 2018 12:18pm
Quoting Kimjoun
classic text book {image}


yea...probably break or just a false move...but still down i guess..
keep trading...
  • #29,558
  • Oct 24, 2018 12:22pm Oct 24, 2018 12:22pm
Quoting aa4fx
{quote} not yet triggered, manual scalping works fine, last was from .05 ... now @ .08 ... maybe it will go to take my pending buy
what a kindly dragon, took my buy ...
now it's time to go to 146.9, hurry up! I don't have much time ... maybe a brexit news will help.
  • #29,559
  • Oct 24, 2018 12:27pm Oct 24, 2018 12:27pm
weekly very interesting retest area
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  • #29,560
  • Oct 24, 2018 12:37pm Oct 24, 2018 12:37pm
Quoting aa4fx
{quote} what a kindly dragon, took my buy ... now it's time to go to 146.9, hurry up! I don't have much time ... maybe a brexit news will help.

now it's time to go to 146.9 , you mean it will go to 146.90 from here ???
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