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Dragon Riders GBP/JPY

  • #2,181
  • Jan 9, 2015 4:50pm Jan 9, 2015 4:50pm
6 days, keep it coming you dragon you

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  • #2,182
  • Jan 9, 2015 5:25pm Jan 9, 2015 5:25pm
Quoting FX-Ray
{quote} chart m5 {image}
Hi Fx-ray would you like to share how to show the Marketwatch tick-chart with bid/ask and the large picture?

My tick-chart in Marketwatch has only the bid price and only show a little part on the left, regardless that I drag it to cover the whole screen.
  • #2,183
  • Jan 9, 2015 5:28pm Jan 9, 2015 5:28pm
Quoting Ariadne
6 days, keep it coming you dragon you {image}
Hi, could you please share the name of your software/platform?
  • #2,184
  • Jan 9, 2015 5:40pm Jan 9, 2015 5:40pm
Quoting selfoe
{quote} Hi, could you please share the name of your software/platform?

yep, its called, Ariadne's price geometry understanding

the platform is TOS / the drawings are created by me and what i know of price action geometry
this is a very simple business, you just have to understand what you are looking for or looking at!!
  • #2,185
  • Jan 10, 2015 4:46am Jan 10, 2015 4:46am
Quoting AllyB
{quote} did you get your house sold or any interest? mine hasn't sold yet either
Last contract fell apart and under another now. We'll see but this is a tough market for sure. Fingers crossed for both of us Ally.
Ghost Rider - WWTBMD?
  • #2,186
  • Jan 10, 2015 8:15am Jan 10, 2015 8:15am
A buy is on the horizon. But, not this week - IMO.

USD is overstretched (so USD/JPY won't do much climbing yet, which is required for GBP/JPY). But, the week after sees more talk from BOJ, which most would be expecting to be JPY bearish IMO.
  • #2,187
  • Edited 5:41pm Jan 11, 2015 5:25pm | Edited 5:41pm
Decision points calendar week 03'15 for GBP/JPY:

190.60/50
189.10/00
188.70/60
187.30/20
186.50/40
185.50/40
183.40/30
182.30/20
181.20/10
180.40/30
179.10/00
178.00/77.90
177.00/76.90
176.60/50
176.10/00
174.50/40
174.10/00
173.40/30
172.50/40
171.40/30
170.60/50
170.60/50
170.00/69.90
169.80/70
167.60/50

EUR/USD:

Price is in range of trading day 7th January'15, am paying attention to 1.1878/76 and 1.1834/32.

Wish everyone a successful week.

X-Ray

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  • #2,188
  • Jan 11, 2015 5:45pm Jan 11, 2015 5:45pm
G/J just rejected 179.75/65 (halfway of DPs 180.40/30 & 179.10/00); next probably is DP 179.10/00, good luck.

Laters

  • #2,189
  • Jan 11, 2015 5:53pm Jan 11, 2015 5:53pm
Quoting FX-Ray
Decision points calendar week 03'15 for GBP/JPY: 190.60/50 189.10/00 188.70/60 187.30/20 186.50/40 185.50/40 183.40/30 182.30/20 181.20/10 180.40/30 179.10/00 178.00/77.90 177.00/76.90 176.60/50 176.10/00 174.50/40 174.10/00 173.40/30 172.50/40 171.40/30 170.60/50 170.60/50 170.00/69.90 169.80/70 167.60/50 EUR/USD: Price is in range of trading day 7th January'15, am paying attention to 1.1878/76 and 1.1834/32. Wish everyone a successful week. X-Ray https://www.youtube.com/watch?v=3IVcmkMA4R8 {image} {image}
Good morning Ray. Nice DPs in the middle! LOL
Fix up, trade sharp ...
  • #2,190
  • Jan 11, 2015 5:55pm Jan 11, 2015 5:55pm
Hey all, I hope you had a great weekend!

I was a bit MIA last week because things were just super busy all around for me. I hope to be popping in more this week though.

I just got done getting my thoughts all collected for this week's trading. Take a read here if you're interested: http://www.forexmademillionaire.com/...iew-1-11-2015/

Would love to hear thoughts.
check out my blog: forexmademillionaire dot com
  • #2,191
  • Jan 11, 2015 6:13pm Jan 11, 2015 6:13pm
UUUHHGGGHHH.....friendly chuckle......just uuuuggghhhh
  • #2,192
  • Jan 11, 2015 6:22pm Jan 11, 2015 6:22pm
I am expecting GJ to continue its south journey atleast till 61.8 retracement of previous move. There is confluence of 200EMA at 61.8 retracement as well.

https://www.tradingview.com/v/65Q0gX9w/
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  • #2,193
  • Jan 11, 2015 6:25pm Jan 11, 2015 6:25pm
stillll waiting lets see if price can hit my scale ins this week.
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  • #2,194
  • Jan 11, 2015 6:32pm Jan 11, 2015 6:32pm
Quoting ssaqeel
I am expecting GJ to continue its south journey atleast till 61.8 retracement of previous move. There is confluence of 200EMA at 61.8 retracement as well. https://www.tradingview.com/v/65Q0gX9w/ {image}
I'm expecting the same (continued weakness), but realize that the trend has not changed on the daily yet (still up overall). That being said, other Yen crosses are looking weak on the daily (EURJPY in particular) and I wouldn't be surprised to see a big moving average crossover on the daily charts this week. If so, we could see even more downside.
check out my blog: forexmademillionaire dot com
  • #2,195
  • Jan 11, 2015 6:35pm Jan 11, 2015 6:35pm
hi geppy how r u buddy.

Yea if that 200ema gives up then there is high chance of price going to 76fib (173.19) which is also where my lower trendline on daily


Quoting Geppy
{quote} I'm expecting the same (continued weakness), but realize that the trend has not changed on the daily yet (still up overall). That being said, other Yen crosses are looking weak on the daily (EURJPY in particular) and I wouldn't be surprised to see a big moving average crossover on the daily charts this week. If so, we could see even more downside.
  • #2,196
  • Jan 11, 2015 7:16pm Jan 11, 2015 7:16pm
Greetings Dragon Riders!

This pair has killed me so many times, I feel like I'm living my 9th life ha ha

So, sticking to H4 and Daily chart to trade it, unless I see a very clear bullish reversal pattern on lower time frames to buy, but until then, I see 173.51 by end of week...
  • #2,197
  • Jan 11, 2015 7:55pm Jan 11, 2015 7:55pm
Quoting ssaqeel
hi geppy how r u buddy. Yea if that 200ema gives up then there is high chance of price going to 76fib (173.19) which is also where my lower trendline on daily {quote}
I'm doing well, thanks! Hope you are too.

Things definitely feel a bit precarious right now. There's just a lot of global risk when you look at oil, Russia, Greece and the Eurozone, etc. I just can't help but feeling like something is about to go kaboom.
check out my blog: forexmademillionaire dot com
  • #2,198
  • Jan 11, 2015 8:02pm Jan 11, 2015 8:02pm
Quoting Geppy
{quote} I'm doing well, thanks! Hope you are too. Things definitely feel a bit precarious right now. There's just a lot of global risk when you look at oil, Russia, Greece and the Eurozone, etc. I just can't help but feeling like something is about to go kaboom.
There was a time when JPY was a very strong safe haven for crisis situations like this. With USD being the only "positive" looking major currency carrying all that "positive" against all the "negatives", it does look like the market is pretty overstretched and can snap at anytime. Risky times but it also means great opportunities! Survive now (MM) and be ready to pounce.
Luck shines on the positive.
  • #2,199
  • Jan 11, 2015 8:47pm Jan 11, 2015 8:47pm
Quoting YvetteTeo
{quote} There was a time when JPY was a very strong safe haven for crisis situations like this. With USD being the only "positive" looking major currency carrying all that "positive" against all the "negatives", it does look like the market is pretty overstretched and can snap at anytime. Risky times but it also means great opportunities! Survive now (MM) and be ready to pounce.
Completely agree. Money management is always key... and discipline (mostly go hand-in-hand).

I'm not veering from either, just looking forward to some good trading :-)
check out my blog: forexmademillionaire dot com
  • #2,200
  • Jan 11, 2015 9:44pm Jan 11, 2015 9:44pm
I would like to do a little experiment on the DAILY chart and see how long it takes for GBP/JPY to fall to 175.40. Using mild leverage, no stop loss and will provide updates from today onward. Sell order filled at the market price of 179.40. 10:37 P.M. N.Y. time on 1/11/15.
Be humble or be humbled.
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