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Dragon Riders GBP/JPY

  • #29,601
  • Edited 3:25am Oct 25, 2018 3:08am | Edited 3:25am
Quoting mbrown
I'm looking to short heavily if price makes it to between 145.32 to 145.42.
BE + 5

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

Stopped + 5 .

09:11: Short @ 94 ... sl 10 pips
PT: 144.40

-------------------------------------------------
9:20: BE + 4

9:25: mOVE sl TO be+10 Stopped out almost immediately. +10

Long @ 81...SL 5 pips.
  • #29,602
  • Oct 25, 2018 3:37am Oct 25, 2018 3:37am
Stopped out of the long: -5 pips.

Netted a few pips this morning, now for some breakfast!

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

Looks like the price will be heading down for the remainder of the day so taken a very small short at 144.80 and SL 1 pip above today's high; will hold until the end of the day or until stopped out.
  • #29,603
  • Oct 25, 2018 4:09am Oct 25, 2018 4:09am
Supposing that the escape from the channel, yesterday low, was to scare the kids ... now it should go > 146.
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  • #29,604
  • Oct 25, 2018 4:21am Oct 25, 2018 4:21am
Quoting aa4fx
Supposing that the escape from the channel, yesterday low, was to scare the kids ... now it should go > 146. {image}
I reckon it was simply an escape from the channel with a bull trap retrace.
  • #29,605
  • Oct 25, 2018 4:46am Oct 25, 2018 4:46am
Quoting mbrown
{quote} I reckon it was simply an escape from the channel with a bull trap retrace.
very possible!
I added a sell now @ 144.88 that will act as a hedge for an asap drop.
  • #29,606
  • Oct 25, 2018 7:26am Oct 25, 2018 7:26am
GJ still give me 2 scenario and I am not sure which to follow. market its crazy but I know that bearish scenario will fail if price manage to go above 146
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  • #29,607
  • Oct 25, 2018 8:03am Oct 25, 2018 8:03am
once GU goes above 1.2920 we confirm the bullishness of GJ. so far they both trapped they didn't make any serious move
  • #29,608
  • Oct 25, 2018 8:21am Oct 25, 2018 8:21am
Quoting msniper
GJ still give me 2 scenario and I am not sure which to follow. market its crazy but I know that bearish scenario will fail if price manage to go above 146 {image} {image}

the market will decide, just make ur analysis simple and not too over estimated
MY OPINION NOT FINANCIAL ADVISE
  • #29,609
  • Oct 25, 2018 8:27am Oct 25, 2018 8:27am
Quoting aa4fx
{quote} very possible! I added a sell now @ 144.88 that will act as a hedge for an asap drop.
I took out the hedge
  • #29,610
  • Oct 25, 2018 8:31am Oct 25, 2018 8:31am
Quoting mbrown
Looks like the price will be heading down for the remainder of the day so taken a very small short at 144.80 and SL 1 pip above today's high; will hold until the end of the day or until stopped out.
I continue to hold the short which I will leave open with 142.60 as a target.
  • #29,611
  • Oct 25, 2018 8:51am Oct 25, 2018 8:51am
dollar index now 96.60 I have a feeling around 96.64 it will be the TOP of USD for the next weeks and euro and pound will fight back. and we can see GBP back to 1.36 and euro back to 1.2

lets see if sellers hit the USD in this area or not
  • #29,612
  • Oct 25, 2018 12:25pm Oct 25, 2018 12:25pm
Quoting donfriday
{quote} the market will decide, just make ur analysis simple and not too over estimated
agree...
keep trading...
  • #29,613
  • Oct 25, 2018 3:27pm Oct 25, 2018 3:27pm

long from 144.10 to 148.60
POSTMASTER
  • #29,614
  • Oct 25, 2018 8:44pm Oct 25, 2018 8:44pm
Quoting Robinhood1
long from 144.10 to 148.60
pending long 143.70️
just for a cup of coffee...
  • #29,615
  • Oct 25, 2018 9:03pm Oct 25, 2018 9:03pm
Quoting akim0895
{quote} pending long 143.70️
Good Day Aki. I think the downtrend is over mid-term. now reach around 148.60, back to 145.60 and finally 157.20. Ofcourse this is for a swing trader but mainly scalp with the trend which is up except for the pullback
POSTMASTER
  • #29,616
  • Oct 25, 2018 9:09pm Oct 25, 2018 9:09pm
Quoting Robinhood1
{quote} Good Day Aki. I think the downtrend is over mid-term. now reach around 148.60, back to 145.60 and finally 157.20. Ofcourse this is for a swing trader but mainly scalp with the trend which is up except for the pullback
GL mate️
just for a cup of coffee...
  • #29,617
  • Oct 25, 2018 9:50pm Oct 25, 2018 9:50pm
Quoting akim0895
{quote} pending long 143.70️
cancel..
jump in at 143.95 stop 45pips
just for a cup of coffee...
  • #29,618
  • Oct 25, 2018 11:25pm Oct 25, 2018 11:25pm
if drop till 143.1
i’ll shorts..
its a big cup at daily
maybe i am wrong here️
just for a cup of coffee...
  • #29,619
  • Oct 26, 2018 3:08am Oct 26, 2018 3:08am
I will be adding longs on dips on this pair.. Very very lucrative opportunity to trade this pair. Target will be 200-300 pips. I will hold this for long term.
Markets are Irrational
  • #29,620
  • Oct 26, 2018 3:56am Oct 26, 2018 3:56am
Just closed my short position of one of my two baby accounts. Did a 500+ pip run on that one for two months. The account is under 1k so I usually let it run it's course on the daily chart. It still looks like it could go down to 137 or thereabouts. Hopefully it will retrace a bit and I will continue the short.

I use the Haken Ashi Candles to generalize the erratic price action. It could be in the red for sometime. Anyway, it's good to take a breather and reexamine its trend.
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