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Dragon Riders GBP/JPY

  • #29,801
  • Nov 7, 2018 11:46am Nov 7, 2018 11:46am
Quoting msniper
I shorted EJ at 130.00 few hours ago I believe GJ will follow it down my target in EJ is between 122 to 125 I know its big target not sure how GJ will react GJ might have good chance to be bought in area between 145 to 146 to target above 150 but at the same time a bearish scenario still valid to have a major big drop market is hard to read these days honestly
I think I'm going to short this between 149.40-149.60 targeting 145.xx.
The EW count on this is screwed up on the lower TFs. If you ask me, this recent move up from 142.75 looks like a wave C on the daily with a finish at 152.57.
Lost....
  • #29,802
  • Nov 7, 2018 12:14pm Nov 7, 2018 12:14pm
Dragon - April sun in Cuba

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  • #29,803
  • Nov 7, 2018 4:17pm Nov 7, 2018 4:17pm
Quoting aa4fx
finally managed to catch a sell on 149.10 ... now it should drop
Even if I had a strong intention to hold my positions on, this one is finally out with small profit ... probably I will close the other ones too (148.28/.86) and look for other entries.
  • #29,804
  • Edited 9:16pm Nov 7, 2018 5:53pm | Edited 9:16pm
Quoting aa4fx
{quote} Even if I had a strong intention to hold my positions on, this one is finally out with small profit ... probably I will close the other ones too (148.28/.86) and look for other entries.
so much wisdom in this thread, I sold, so now it will drop, oh yeah

and don't forget that pearl, small profits are great, probably double your account by the year 2525

we need more sellers!!! standby for Tokyo opens !!!!

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It takes a lot for me to IGNORE you, but you can try.
  • #29,805
  • Nov 7, 2018 6:45pm Nov 7, 2018 6:45pm
that's the scenario if we fail to take last month top
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  • #29,806
  • Nov 7, 2018 8:55pm Nov 7, 2018 8:55pm
Quoting msniper
that's the scenario if we fail to take last month top {image}
Looks good just add extra sell
velolthomas@gmail
  • #29,807
  • Nov 7, 2018 9:26pm Nov 7, 2018 9:26pm
You want to trade Monthly now?

I like option B, B for Breakout, it's still early in the month

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PS, I know it's going to turn, but the price action will tell us that, simply selling will not stop it going up, so, do you feel lucky punk?
It takes a lot for me to IGNORE you, but you can try.
  • #29,808
  • Nov 7, 2018 10:41pm Nov 7, 2018 10:41pm
Quoting Erebus
You want to trade Monthly now? I like option B, B for Breakout, it's still early in the month {image} PS, I know it's going to turn, but the price action will tell us that, simply selling will not stop it going up, so, do you feel lucky punk?
even if it will break up the last high I will not buy. buying is only attractive if it goes down to 145.xx to 146.xx area

this thing fly so far 700pips without any serious break. its too weak to make a real breakout honestly unless its just a quick spike before falling
  • #29,809
  • Nov 7, 2018 11:07pm Nov 7, 2018 11:07pm
Quoting msniper
{quote} even if it will break up the last high I will not buy. buying is only attractive if it goes down to 145.xx to 146.xx area this thing fly so far 700pips without any serious break. its too weak to make a real breakout honestly unless its just a quick spike before falling
it came from 1.43, was it attractive down there? you must be up 500 pips by now, right?

or you didn't see any signals? how will you see signal at the top?
It takes a lot for me to IGNORE you, but you can try.
  • #29,810
  • Nov 8, 2018 12:29am Nov 8, 2018 12:29am
Quoting Erebus
{quote} it came from 1.43, was it attractive down there? you must be up 500 pips by now, right? or you didn't see any signals? how will you see signal at the top?
I was long in 143 area but I exit my long around 145.xx because it was giving me mixed signals that it can be bearish and bullish so I was sidelines all these days trying to figure whats going on

either GJ is bearish or bullish we need a drop as correction to 145~146 area before any flying again

so I think best bet is to go short price now 149.25 lets see how deep it will correct or drop
  • #29,811
  • Nov 8, 2018 12:34am Nov 8, 2018 12:34am
Patiently waiting for 150 and beyond!
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  • #29,812
  • Nov 8, 2018 1:01am Nov 8, 2018 1:01am
Quoting mbrown
Patiently waiting for 150 and beyond! {image}
do u expect a strong breakout without a correction of 200 to 400 pips first ?
  • #29,813
  • Nov 8, 2018 1:06am Nov 8, 2018 1:06am
I think that the end of the trend will be friday after important news about GBP
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  • #29,814
  • Nov 8, 2018 1:09am Nov 8, 2018 1:09am
and guys don't forget the weekend gap on GJ around 146.70 there is huge chance that we will go down to fill it
  • #29,815
  • Nov 8, 2018 2:26am Nov 8, 2018 2:26am
Quoting Erebus
{quote} so much wisdom in this thread, I sold, so now it will drop, oh yeah and don't forget that pearl, small profits are great, probably double your account by the year 2525 we need more sellers!!! standby for Tokyo opens !!!! {image}
Sold the 149.41, looks like good decision to let that trade go.
Small profits here and there makes good money all together, but true, not as easy as taking a good trend.
I guess you wanted to show that you're close to double the account? or? ... money matters not %!

('hit it big' might give you surprises ...)
  • #29,816
  • Nov 8, 2018 3:40am Nov 8, 2018 3:40am
Quoting aa4fx
{quote} Sold the 149.41
out now @ 149.09
  • #29,817
  • Nov 8, 2018 4:23am Nov 8, 2018 4:23am
sold 149.35, maybe this time will fall deeper
  • #29,818
  • Nov 8, 2018 4:48am Nov 8, 2018 4:48am
Quoting aa4fx
sold 149.35, maybe this time will fall deeper
not with me in this trade, out now @ 149.09

next? one more time! one more time!
  • #29,819
  • Nov 8, 2018 4:55am Nov 8, 2018 4:55am
it could fall to 148.12, better happen while I'll be at lunch .. tp set on the remaining trades
  • #29,820
  • Nov 8, 2018 4:59am Nov 8, 2018 4:59am
Quoting aa4fx
it could fall to 148.12, better happen while I'll be at lunch .. tp set on the remaining trades
Sold at 148.90
Will follow it back down when it presents
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