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Dragon Riders GBP/JPY

  • #29,681
  • Oct 31, 2018 10:13am Oct 31, 2018 10:13am
Attached Image (click to enlarge)
Click to Enlarge Name: ser.jpg Size: 286 KB


There is my GBPCHF coming short and after TF hope to enter long for about 150 pips. See my battery of long orders!!
POSTMASTER
  • #29,682
  • Oct 31, 2018 10:49am Oct 31, 2018 10:49am
Quoting Robinhood1
{quote} Hi Mz. My signals are diferent to yours by the look of it. We are in a downtrend but i am seeing a pullback to around 147.80
Got another short filled again at 145.
4&1 All Time Profit: $37,496
  • #29,683
  • Oct 31, 2018 11:04am Oct 31, 2018 11:04am
Quoting MzansiObi
{quote} Got another short filled again at 145.
Where is your exit? i got my 1.2800 GU short and my exit is around 1.2540
POSTMASTER
  • #29,684
  • Oct 31, 2018 11:25am Oct 31, 2018 11:25am
Quoting Robinhood1
{quote} Where is your exit? i got my 1.2800 GU short and my exit is around 1.2540
Im looking at it taking out the previous swing low on the 4hr chart, However all i do is take 50% profit and then start trailing
4&1 All Time Profit: $37,496
  • #29,685
  • Oct 31, 2018 11:31am Oct 31, 2018 11:31am
Closed the Trade in 70 pips... Will be adding again on further drop to 141-142. Target 146
Markets are Irrational
  • #29,686
  • Oct 31, 2018 11:54am Oct 31, 2018 11:54am
Quoting Robinhood1
{image} There is my GBPCHF coming short and after TF hope to enter long for about 150 pips. See my battery of long orders!!
10 lots?

Demo or Live account brother?

Nice entry, lol your volume helped our shorts(Jokes)

heheheh
4&1 All Time Profit: $37,496
  • #29,687
  • Oct 31, 2018 11:56am Oct 31, 2018 11:56am
Quoting MzansiObi
{quote} 10 lots? Demo or Live account brother? Nice entry, lol your volume helped our shorts(Jokes) heheheh
Live. Did you make that 145.00 call?
POSTMASTER
  • #29,688
  • Oct 31, 2018 11:58am Oct 31, 2018 11:58am
Quoting Robinhood1
{quote} Live. Did you make that 145.00 call?
I normally make mine before hand. I posted on the 12th oct GU would not break 3258 and would fall down to 2430. hehe
POSTMASTER
  • #29,689
  • Oct 31, 2018 12:30pm Oct 31, 2018 12:30pm
Quoting Robinhood1
{quote} Live. Did you make that 145.00 call?
Lol I did brother. Your lot sizes are to rich for my blood. i trade 2 standard lots at most.....

GJ has been my b*tch this month hey!!!!
4&1 All Time Profit: $37,496
  • #29,690
  • Oct 31, 2018 12:58pm Oct 31, 2018 12:58pm
Quoting MzansiObi
{quote} Lol I did brother. Your lot sizes are to rich for my blood. i trade 2 standard lots at most..... GJ has been my b*tch this month hey!!!!
IŽll tell you my theory bro. SM will not let 90ish% of traders make profits on a constant basis. The majority(inexperienced) will blow their account again and again on their own while the smart ones will be battled by SM. There is a natural mathematic law, 2+2=4. So the "top" class traders will buy at 1 and sell at 4 which are not the smart nor the newbies. Enter to the pip is just a joke, There might 1 in a million. My experience (17 years) is that you must allow an entry range wide enough being on the right side of the market. I hope you enjoyed it
POSTMASTER
  • #29,691
  • Oct 31, 2018 1:08pm Oct 31, 2018 1:08pm
Quoting Robinhood1
{quote} IŽll tell you my theory bro. SM will not let 90ish% of traders make profits on a constant basis. The majority(inexperienced) will blow their account again and again on their own while the smart ones will be battled by SM. There is a natural mathematic law, 2+2=4. So the "top" class traders will buy at 1 and sell at 4 which are not the smart nor the newbies. Enter to the pip is just a joke, There might 1 in a million. My experience (17 years) is that you must allow an entry range wide enough being on the right side of the market. I hope you...
I enjoyed it thoroughly!!!
Theres no two ways about it
4&1 All Time Profit: $37,496
  • #29,692
  • Oct 31, 2018 6:56pm Oct 31, 2018 6:56pm
Target 143.1xx
  • #29,693
  • Oct 31, 2018 8:51pm Oct 31, 2018 8:51pm
A head and shoulders pattern rarely displays erratic price behaviour. On the other hand, erratic behaviour is most often displayed on the extreme right side of a large reversal pattern. One can argue that the move to 156 completed wave 4 out of 195, although the formation it was in allowed for 157.2 or 158.3/5. In that regard it may have been slightly truncated.

Over a year ago, price APPEARED to enter a conventional continuation or reversal pattern. Such was probably last tested at 148/149.

Accordingly, break over 146.5/147.5 may suggest continuation, whereas hold below there opens return to 132 and well below for what I have long proposed as the culmination of the entire downtrend since 1985.
  • #29,694
  • Oct 31, 2018 9:21pm Oct 31, 2018 9:21pm
Quoting Mpt
A head and shoulders pattern rarely displays erratic price behaviour. On the other hand, erratic behaviour is most often displayed on the extreme right side of a large reversal pattern. One can argue that the move to 156 completed wave 4 out of 195, although the formation it was in allowed for 157.2 or 158.3/5. In that regard it may have been slightly truncated. Over a year ago, price APPEARED to enter a conventional continuation or reversal pattern. Such was probably last tested at 148/149. Accordingly, break over 146.5/147.5 may suggest continuation,...
agreed breaking 146 level was really bad and turn GJ to bearish

I am expecting more down move for new low. perhaps around 137~139 before bull step in again and start flying

even when I look at EJ I see potential fall to 120~125 area which means GJ will follow it sooner or later
  • #29,695
  • Nov 1, 2018 1:10am Nov 1, 2018 1:10am
Morning traders.
I agree with wave count on GJ and its exactly why I will keep selling it anytime it reaches the 145 handle as it did again overnight.

Have been looking at another pair (USDCHF) and have found another interesting setup on it together with a count. If interested in my analysis feel free to PM me instead of me posting here as this isn't the thread for it.

Stay green.
4&1 All Time Profit: $37,496
  • #29,696
  • Nov 1, 2018 2:32am Nov 1, 2018 2:32am
If that chart could be helpful. Was also short in GJ yesterday, but I have to admit that its movement was indicating long positions. (this trendline is old one-maybe 3-4 weeks)
Attached Image (click to enlarge)
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  • #29,697
  • Nov 1, 2018 3:30am Nov 1, 2018 3:30am
the area between 145.70 to 145.95 for me its consider to be a good selling area for a huge drop.

but if GJ manage to close 4h or daily above 146 I think it will turn into bullish
  • #29,698
  • Nov 1, 2018 3:32am Nov 1, 2018 3:32am
Quoting Robinhood1
{quote} Hi Mz. My signals are diferent to yours by the look of it. We are in a downtrend but i am seeing a pullback to around 147.80
Hello bro Robinhood1,

I really appreciate that you provide the basis of your analysis. Is it based on a trendline in a small time frame or is it based on other analysis? thank you
  • #29,699
  • Nov 1, 2018 3:44am Nov 1, 2018 3:44am
Quoting msniper
the area between 145.70 to 145.95 for me its consider to be a good selling area for a huge drop. but if GJ manage to close 4h or daily above 146 I think it will turn into bullish
Hello bro,

I am also thinking so because Cable has made a 150 pips correction in bearish condition but unfortunately my entry rule has not given a signal.
  • #29,700
  • Nov 1, 2018 4:56am Nov 1, 2018 4:56am
Quoting Cm7
{quote} Hello bro Robinhood1, I really appreciate that you provide the basis of your analysis. Is it based on a trendline in a small time frame or is it based on other analysis? thank you
My own retracements. Possibly 70% accuracy but still discovering variants so hopefully 100% time to come.
POSTMASTER
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