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Dragon Riders GBP/JPY

  • #2,501
  • Jan 13, 2015 9:28am Jan 13, 2015 9:28am
Quoting Temujin
Took a buy here at 179.61 since it is refusing to go lower at the moment.
I dont like G/J in the moment, something feels strange about her.
  • #2,502
  • Jan 13, 2015 9:29am Jan 13, 2015 9:29am
Quoting slayeruk
{quote} I don't follow, you trade when the market is ranging?
Essentially, range-trading, yes. Except, for the extreme variability of PA. Rather than just being range-bound, this market (or just narrowing it down to this pair), seems to have a central point where price recurringly returns to and stagnates (whereas, I generally see ranging markets as meandering between A and B without this particular behavior). These sharp / extremely strong surges, should not be jumped upon (IMO). But rather, treated as range-trading opportunities (entering with a view to trade into the range - as I think you're suggesting). My point is: to not get caught off-guard by this extremely strong/fast PA, and respect the resist/supp levels.
  • #2,503
  • Jan 13, 2015 9:30am Jan 13, 2015 9:30am
I'm gonna go code up this new feature of my indicator, as the market is over for me today, on to tomorrow.
  • #2,504
  • Jan 13, 2015 9:31am Jan 13, 2015 9:31am
Quoting FX-Ray
{quote} I dont like G/J in the moment, something feels strange about her.
It is that strange neutral area where it looks like it's in a downtrend but can suddenly spike to destroy the sellers.
Be humble or be humbled.
  • #2,505
  • Jan 13, 2015 9:31am Jan 13, 2015 9:31am
Quoting Didgeridoo
{quote} Essentially, range-trading, yes. Except, for the extreme variability of PA. Rather than just being range-bound, this market (or just narrowing it down to this pair), seems to have a central point where price recurringly returns to and stagnates (whereas, I generally see ranging markets as meandering between A and B without this particular behavior). These sharp / extremely strong surges, should not be jumped upon (IMO). But rather, treated as range-trading opportunities (entering with a view to trade into the range - as I think you're suggesting)....
I see, I think it is about to enter one of those range periods with 180 being resistance and 179.550 being support
  • #2,506
  • Jan 13, 2015 9:31am Jan 13, 2015 9:31am
Quoting slayeruk
{quote} Oh wow you are on the 5m, how do you trade from 5m chart....
for very small 8-10 pip gains while im waiting for my longer term levels to be hit. Enter on retests of support/res zones get out as soon as price bounces for few. Rinse and repeat. Keeps me entertained while wait days-weeks for my levels.
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  • #2,507
  • Jan 13, 2015 9:33am Jan 13, 2015 9:33am
I have the low at 178.42 about 120 lower and yet they are forcing the market to buy here, very suspect.
Be humble or be humbled.
  • #2,508
  • Jan 13, 2015 9:35am Jan 13, 2015 9:35am
am waiting for 180.40/30 or 179.10/00
  • #2,509
  • Jan 13, 2015 9:35am Jan 13, 2015 9:35am
Quoting slayeruk
{quote} I see, I think it is about to enter one of those range periods with 180 being resistance and 179.550 being support
Yeah, seems it will remain restricted by that 180 right now. Whoever entered near today's low (a LL) should probably sit on their hands.
  • #2,510
  • Jan 13, 2015 9:37am Jan 13, 2015 9:37am
i send a pm, may you check your inbox
  • #2,511
  • Jan 13, 2015 9:37am Jan 13, 2015 9:37am
I'm out with 8 pips, this thing is ready to drop. Maybe?
Be humble or be humbled.
  • #2,512
  • Jan 13, 2015 9:39am Jan 13, 2015 9:39am
Quoting Temujin
I'm out with 8 pips, this thing is ready to drop. Maybe?
Nope, its floating in the cloud
  • #2,513
  • Jan 13, 2015 9:41am Jan 13, 2015 9:41am
Quoting FX-Ray
{quote} Of course not, feel free, contribution always appreciated
got to leave this in your competent hands ... got an appointment so laters
  • #2,514
  • Jan 13, 2015 9:41am Jan 13, 2015 9:41am
Quoting FX-Ray
{quote} squeeze it honey
if she can take out 84 here, next 94
  • #2,515
  • Jan 13, 2015 9:43am Jan 13, 2015 9:43am
Quoting FX-Ray
am waiting for 180.40/30 or 179.10/00
Surely a sell is coming up just past 180. This is just the morning part of 3 segments in the session. They can't keep it up for the lunch period. Maybe another 30 minutes of upside.
Be humble or be humbled.
  • #2,516
  • Jan 13, 2015 9:48am Jan 13, 2015 9:48am
Quoting FX-Ray
{quote} if she can take out 84 here, next 94
next 94
  • #2,517
  • Jan 13, 2015 9:48am Jan 13, 2015 9:48am
Quoting Temujin
{quote} Surely a sell is coming up just past 180. This is just the morning part of 3 segments in the session. They can't keep it up for the lunch period. Maybe another 30 minutes of upside.
To be honest, I still do not get this whole "lunch" thing. Gbp/jpy is often talking about it, also about bounces in Tokio .... yet I did not fully grasp the concept. Would you explain this to me please?
Fix up, trade sharp ...
  • #2,518
  • Jan 13, 2015 9:49am Jan 13, 2015 9:49am
Quoting FX-Ray
{quote} next 94
if 94 positive, next 98
  • #2,519
  • Jan 13, 2015 9:50am Jan 13, 2015 9:50am
Quoting FX-Ray
{quote} if 94 positive, next 98
Good one, I would keep it. They are washing out shorts.
Fix up, trade sharp ...
  • #2,520
  • Jan 13, 2015 9:50am Jan 13, 2015 9:50am
Quoting Hickson
{quote} To be honest, I still do not get this whole "lunch" thing. Gbp/jpy is often talking about it, also about bounces in Tokio .... yet I did not fully grasp the concept. Would you explain this to me please?
Look at the H1 candles, 6.5 hours during N.Y. all of those candles are not green, nor red.

Here comes the 11:00 H1 candle N.Y. time. Most likely green but next one will be red.
Be humble or be humbled.
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