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Dragon Riders GBP/JPY

  • #1,061
  • Dec 10, 2014 12:46am Dec 10, 2014 12:46am
Quoting FX-Ray
{quote} xD She still let me in.. and pushed..
Yeah, I'm just playing in the consolidation right now. I'd be afraid to show my big chart projection. I'd get called funny names.
Ghost Rider - WWTBMD?
  • #1,062
  • Dec 10, 2014 12:49am Dec 10, 2014 12:49am
Quoting FX-Ray
Its printing 186.95 right now. Add: No.. 95.. no 187 even lol
Thank you, and even bigger thanks for the screenshot.
Please check out my blog at https://from-zero-to-hero . net
  • #1,063
  • Dec 10, 2014 12:51am Dec 10, 2014 12:51am
Quoting albchr
{quote} Yeah, I'm just playing in the consolidation right now. I'd be afraid to show my big chart projection. I'd get called funny names.
Show, I'd like to add another funny name
  • #1,064
  • Dec 10, 2014 12:54am Dec 10, 2014 12:54am
Quoting Ata-Turkoglu
{quote} IMO it is squatting to jump towards a retest of 187.79, my half cents.. right now on 15m chart price is flat inside ichimoku cloud. Happy Trades
If 186.75/45 breaks we also could see a test of 185.70/50 but as long as 185.70/50 hold as support 187.80/00 is likely..
  • #1,065
  • Dec 10, 2014 12:55am Dec 10, 2014 12:55am
Quoting FX-Ray
{quote} Show, I'd like to add another funny name
Ok ... but be kind
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYWeekly.png Size: 50 KB
Ghost Rider - WWTBMD?
  • #1,066
  • Dec 10, 2014 12:59am Dec 10, 2014 12:59am
Quoting albchr
{quote} Ok ... but be kind {image}
Looks like a position trade.. can you explain your thought process on this one?
Wish I could tell you its going there but I dont know, nobody does; I just follow DPs

Add: Anyway, I like the 161.8 confluence..
  • #1,067
  • Dec 10, 2014 1:02am Dec 10, 2014 1:02am
Quoting FX-Ray
{quote} just rejected 5695; if 5644 holds next should be 5726; they just bought current daily low..
jap..they bought it up to 95 again, wonder if they have enough fuel to push it higher, Ill watch your pendings, got me curious
  • #1,068
  • Dec 10, 2014 1:03am Dec 10, 2014 1:03am
Quoting FX-Ray
{quote} Looks like a position trade.. you can explain your thought process on this one? Wish I could tell you its going there but I dont know, nobody does; I just follow DPs Add: Anyway, I like the 161.8 confluence..
Well, short to mid term. It's not the "biggest" projection. Just a retrace. Explaining the thoughts behind it would take some time and page space. Has to do with harmonic ratios. Yep I agree completely Ray. Nobody can say for .... 100% sure. ...
Ghost Rider - WWTBMD?
  • #1,069
  • Dec 10, 2014 1:05am Dec 10, 2014 1:05am
Quoting albchr
{quote} Well, short to mid term. It's not the "biggest" projection. Just a retrace. Explaining the thoughts behind it would take some time and page space. Has to do with harmonic ratios. Yep I agree completely Ray. Nobody can say for .... 100% sure. ...
Okay thanks anyway
  • #1,070
  • Dec 10, 2014 1:07am Dec 10, 2014 1:07am
Quoting FX-Ray
{quote} and E/U.. Add: If 1.2370/65 support next 1.24475 or/and 1.2520/15 {image}
E/U is trying 2525

Just rejected 70/65..
Attached Image
  • #1,071
  • Dec 10, 2014 1:09am Dec 10, 2014 1:09am
Quoting albchr
Ok ... but be kind {image}
Do you expect the S&P 500 to tank as well? In my opinion, it's already begun... (no name calling here)

Keep in mind the fact that GBP/JPY has a striking similarity and is often a precursor to the S&P 500.
Please check out my blog at https://from-zero-to-hero . net
  • #1,072
  • Dec 10, 2014 1:11am Dec 10, 2014 1:11am
Quoting FX-Ray
{quote} Okay thanks anyway
Here Ray, I went through the basics of it for another trader on my thread yesterday.

http://www.forexfactory.com/showthre...20#post7932020
Ghost Rider - WWTBMD?
  • #1,073
  • Dec 10, 2014 1:12am Dec 10, 2014 1:12am
Quoting smash1820
{quote} Do you expect the S&P 500 to tank as well? In my opinion, it's already begun... (no name calling here)
I see 2250 before any significant retracement/reversal and I am probably wrong because when it sell-off if ever, it will be unexpected.

Support: 2000
Next: 2250

just my quarter cent
  • #1,074
  • Dec 10, 2014 1:13am Dec 10, 2014 1:13am
Quoting albchr
{quote} Here Ray, I went through the basics of it for another trader on my thread yesterday. http://www.forexfactory.com/showthre...20#post7932020
Ah I see, thats clever, PS repetition
  • #1,075
  • Dec 10, 2014 1:14am Dec 10, 2014 1:14am
Quoting smash1820
{quote} Do you expect the S&P 500 to tank as well? In my opinion, it's already begun... (no name calling here) Keep in mind the fact that GBP/JPY has a striking similarity and is often a precursor to the S&P 500.
Don't know about the 500. Don't trade it, don't follow it. I'm not expecting the Dragon to "tank". Just retrace on it's path to .... bigger targets.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYMonthly.png Size: 73 KB
Ghost Rider - WWTBMD?
  • #1,076
  • Dec 10, 2014 1:14am Dec 10, 2014 1:14am
Quoting FX-Ray
{quote} Ah I see, thats clever, PS repetition
Ghost Rider - WWTBMD?
  • #1,077
  • Dec 10, 2014 1:15am Dec 10, 2014 1:15am
Quoting albchr
{quote} Ok ... but be kind {image}


Not sure in that weekly retrace.

We may already have (a very fast one) the retrace before. Watch out for the for the lows the 9Nov that got quickly rejected on the wick to the lows the 16Nov. Plus yesterday we closed as expected above 187.2x (PTL if you are reading this !!!! ) despite the deep clean to the lows intraday.

In simple words without fundamentals in play, the monthly and yearly are in play. And there is still a full long swing in play from the swing from September (as posted yesterday) on the major targets. Calling the high of the year so "early" on December with fundamentals against it doesn't seem the best play...

In any case, good luck ...weekly close will clarify your chart...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #1,078
  • Dec 10, 2014 1:19am Dec 10, 2014 1:19am
Quoting sisse
{quote} Not sure in that weekly retrace. We may already have (a very fast one) the retrace before. Watch out for the for the lows the 9Nov that got quickly rejected on the wick to the lows the 16Nov. Plus yesterday we closed as expected above 187.2x (PTL if you are reading this !!!! ) despite the deep clean to the lows intraday. In simple words without fundamentals in play, the monthly and yearly are in play. And there is still a full long swing in play from the swing from September (as posted yesterday) on the major targets. Calling the high of...
Well, we won't know anything until we get out of this consolidation. But the process is pretty reliable. I don't concern myself with news. The charts are fine.

I think the daily has already confirmed it but ... we'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 64 KB
Ghost Rider - WWTBMD?
  • #1,079
  • Dec 10, 2014 1:24am Dec 10, 2014 1:24am
Really G/U .. you fish the longs now lol

Rejected 95 again..
  • #1,080
  • Dec 10, 2014 1:26am Dec 10, 2014 1:26am
Quoting FX-Ray
Really G/U .. you fish the longs now lol Rejected 95 again..
It's just getting nervous for the news in 5 minutes.
Ghost Rider - WWTBMD?
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