Dragon Riders GBP/JPY

Quoting Doji Star

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Hi everybody. Does anyone else have this weekend gap at about 146.200 that still needs to be filled? Or is it just my broker? {image}

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Quoting riclater211

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{quote} Hey All, 4 days since my last post and once again The Dragon bounces off 144.00 for the 6th time in 2 and half months. Failed again. Still waiting for a Trend Line Break. Trade Triangle is tightening by another 50ish pips. Waiting patiently. - Ric {image}

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Quoting coderr

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ab=cd-h4

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Quoting hayanidania

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{quote} Share your chart please sir ....

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Quoting riclater211

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{quote} Hey All, Finally price pushed past 144.00. I got filled at 143.708. As of this posting I up about 50 pips, secured 5 pips to make it a safe trade and now just waiting to see what happens next. My Target is 141.50 (220 PIPS) which is just above the last major low. Will it make it ?? Who knows, but now that 144.00 is broken, we have a good chance on the tech side. On Friday the GBP has monthly GDP, monthly Manufacturing Production and Preliminary Quarterly GDP all of which are expected to disappoint, further weakening the pound and with a...

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Quoting riclater211

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{quote} Hey All, The Dragon seems to be going the way of the EURJPY (my other trade). Price pushed down to 142.23 before retracing by half the days move. Either price will push down or this move has run out of speed. Adjusted my stop to 143.26 (+45 pips). Wait and see from here. - Ric {image}

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Quoting riclater211

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{quote} Hey All, The Dragon seems to be going the way of the EURJPY (my other trade). Price pushed down to 142.23 before retracing by half the days move. Either price will push down or this move has run out of speed. Adjusted my stop to 143.26 (+45 pips). Wait and see from here. - Ric {image}

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Quoting riclater211

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{quote} Hey All, Target was hit today () and 220.8 pips was banked. May enter short again after price breaks through 141.00. If so , I can see price move down to 138.00 which is a strong support level. We shall see. - Ric {image}

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Quoting riclater211

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{quote} Hey All, So price has pushed past 141.00. I know I said I may enter a trade, but TBH I do not feel comfy without a retrace 1st. As you can see I did forecast of what I want to happen. Who knows if it will be close. I may be missing an opportunity here but I just cant bring myself to go short yet. Wait and watch. - Ric {image}

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Quoting riclater211

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{quote} Hey All, Price moved down about 120 since my last post. I probably could have gained some but again I did not feel comfy taking a trade without a retrace. Until next week. Have A Great Weekend, - Ric {image}

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Quoting riclater211

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{quote} Price just hovering. It looks like it is in preparation to retrace. I may just get in when/if price exceeds 140. - 141.00 for 100 or less pips target. Wait and see. - Ric {image}

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Quoting riclater211

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{quote} Hey All, Created 2 Trade Boxes. The 1st one is a short bias box if/when price clears 139.00 with a max range of 300 pips to 136.00. On the long side I do not feel as confidant and set up a 100 pip box between 142.00 and 143.00. Over all long term bias is defiantly short. However, I do think we can get an upward spike for buy backs/sell offs, re-balancing and position taking as we near the end of the month. We shall see. - Ric {image}

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Quoting riclater211

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{quote} Price spiked up and back down again, taking out all short terms trades. Net change is about 30 pips do the down side. No change in my trade boxes. Wait and see. - Ric {image}

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