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Dragon Riders GBP/JPY

  • #3,341
  • Feb 6, 2015 8:07am Feb 6, 2015 8:07am
Quoting Ata-Turkoglu
{quote} With the peak of the 3rd 15 min candle (that's for everyone exactly with the close of the candle at quarter past local hour) I will close all my longs..
Thanks Ata
If you are new to FX don"t follow my trades, I 've blown many live accounts
  • #3,342
  • Feb 6, 2015 8:15am Feb 6, 2015 8:15am
Let's see if 181.20 is support. I'm hoping to get 182.20 before the day is over, but who knows. We might have pullbacks
  • #3,343
  • Feb 6, 2015 8:16am Feb 6, 2015 8:16am
Quoting budak baru
{quote} good.i also in long position with 100 pips target.
The red candle distorted the pattern this time.. I will still stay in for a while to get out at a better price..
Focus only on what truly matters!
  • #3,344
  • Feb 6, 2015 8:18am Feb 6, 2015 8:18am
Hi FX-Ray new to FF and happy to have found your thread. I consider myself a true "dragon rider" as I have been a trader for 20 years and have faced down many fears and still going. I recently made the switch from long term futures trading to short term Forex trading and could not be happier. I look forward to your ideas and want to know if I can share your thoughts and ideas on my blog. themilaniminute.com Thanks
  • #3,345
  • Feb 6, 2015 8:23am Feb 6, 2015 8:23am
Quoting mclon
{quote} Thanks Ata
You're welcome.. this is just the fun part of trading.. one must also entertain himself right? There is no stress this way, you only trade what you see.. once patterns are met you act.. we can reenter with a better price anyway.. so no need to worry.. just closed for now at 181.30.. +117 pips...

Now let's wait and see how higher it goes.. but I can call it a day already.. no need for greed.. and careful.. don't give back what you hunted so far..

Happy Trades
Focus only on what truly matters!
  • #3,346
  • Feb 6, 2015 8:54am Feb 6, 2015 8:54am
Lets see if the follow up conforms to the fibs.

How long do you tend to leave it after news events before you consider normal business again?

Attached Image
  • #3,347
  • Feb 6, 2015 9:03am Feb 6, 2015 9:03am
Retesting 181.50. If it breaks out, we just might get the third 15min candle that Ata was looking for.

Don't have a lot of time though; in 2 hours, market will probably lose all significant momentum and just be stuck in a small range.
  • #3,348
  • Feb 6, 2015 9:09am Feb 6, 2015 9:09am
So..now let's recap on daily chart what just happened... on the updated chart which I shared this morning,now we can see that price ran away from the gray area.. chikou is nicely following the edge of the cloud and tries to get out of it.. if strength of bullish move continues next week we can pass 181.80 and after that we will head to the fib 61.8 of the past downside move (184.37), the kijun (blue) line is the next important resistance area.. price will probably stall there for a while.. so I will go short from there as soon as I see divergence on 30 or 15 min.

Long story short: Don't miss the polar express to the north but be aware that a bearish cloud is nearing, therefore don't marry your bullish bias too much next or coming weeks..

Happy Trades
Attached Image (click to enlarge)
Click to Enlarge Name: GJ-AfterNFP.jpg Size: 458 KB
Focus only on what truly matters!
  • #3,349
  • Feb 6, 2015 9:21am Feb 6, 2015 9:21am
For now bulls are a little bit exhausted.. already detected macd divergence on 1 and 5 minute charts.. now it's time to wait that price fall below cloud on 1 minute first.. then we can jump in for a short scalper.. 1 or 5 minute must below cloud.. before that don't even think of shorting..

Happy Trades
Focus only on what truly matters!
  • #3,350
  • Feb 6, 2015 9:30am Feb 6, 2015 9:30am
Quoting NicMilani
Hi FX-Ray new to FF and happy to have found your thread. I consider myself a true "dragon rider" as I have been a trader for 20 years and have faced down many fears and still going. I recently made the switch from long term futures trading to short term Forex trading and could not be happier. I look forward to your ideas and want to know if I can share your thoughts and ideas on my blog. themilaniminute.com Thanks
Hi, nice to have someone here with such a long experience in the market! Thread is well alive, although FX-Ray does not show up any longer, which is a pity of course.
Fix up, trade sharp ...
  • #3,351
  • Feb 6, 2015 9:58am Feb 6, 2015 9:58am
looking good my buddys........the low on Feb 2 was the Gann date.....a 1400 pip fall .....it was all bullish after that, no true downside was seen since. so last night was pure pleasure, even that last return down to my stop... 30 minutes before the fireworks.....hit by one pip.....knew to immediately re-enter...... but I took it personally, my Australia broker low was 8 pips different than Malta.....yep, took a minute to get over feeling cheated.....eta...going past 14 % just now
  • #3,352
  • Feb 6, 2015 10:05am Feb 6, 2015 10:05am
I am watching the first attempt of price trying diving below the 1 min. ichimoku cloud. Aggressive traders have already shorted I think but I will wait till price first comes also below 5 min cloud.

Happy Trades
Focus only on what truly matters!
  • #3,353
  • Feb 6, 2015 10:13am Feb 6, 2015 10:13am
Quoting NicMilani
Hi FX-Ray new to FF and happy to have found your thread. I consider myself a true "dragon rider" as I have been a trader for 20 years and have faced down many fears and still going. I recently made the switch from long term futures trading to short term Forex trading and could not be happier. I look forward to your ideas and want to know if I can share your thoughts and ideas on my blog. themilaniminute.com Thanks
Short term forex indeed, with this pair a few hours is all you need and never before a high impact data release, lol.
Be humble or be humbled.
  • #3,354
  • Feb 6, 2015 10:14am Feb 6, 2015 10:14am
Quoting Ata-Turkoglu
I am watching the first attempt of price trying diving below the 1 min. ichimoku cloud. Aggressive traders have already shorted I think but I will wait till price first comes also below 5 min cloud. Happy Trades
I have a hundred questions for ya....I noticed that 1M cloud figuring in....I go to the 1M for elliott waves....I'm curious about that cloud on the 1M....5M, and 15M
  • #3,355
  • Feb 6, 2015 10:17am Feb 6, 2015 10:17am
Nice hanging man on top of 15 min chart.. now need confirmation if price can close below it's shadow on 15 min...

Happy Trades
Focus only on what truly matters!
  • #3,356
  • Feb 6, 2015 10:19am Feb 6, 2015 10:19am
Quoting Gbp/jpy
{quote} I have a hundred questions for ya....I noticed that 1M cloud figuring in....I go to the 1M for elliott waves....I'm curious about that cloud on the 1M....5M, and 15M
Well.. feel free to ask anything you desire.. we are here to share whatever we think is good for the family..
Focus only on what truly matters!
  • #3,357
  • Feb 6, 2015 10:21am Feb 6, 2015 10:21am
Hi guys,

sorry Ive been absent for some time, I was busy with some projects but as I can see the thread has been pretty active which is nice.
Hope some of you could participate with some longs below 177.00. Sunday I gonna post some new stuff I was working at.

Hope everyone had a great week.

Nice weekend everyone!
  • #3,358
  • Feb 6, 2015 10:36am Feb 6, 2015 10:36am
Quoting Ata-Turkoglu
Nice hanging man on top of 15 min chart.. now need confirmation if price can close below it's shadow on 15 min... Happy Trades
As soon as a 15 min. candle closes below 181.56 we can consider short.. but so far not confirmed..

Edit: oops sorry was looking at 1 minute.. we need a close on 15 minute chart.. closed my accidentally opened trade.. still waiting..
Focus only on what truly matters!
  • #3,359
  • Feb 6, 2015 10:45am Feb 6, 2015 10:45am
Pending SHORT GJ 181.747
A good trader follows his rules, but great trader knows when to break them
  • #3,360
  • Feb 6, 2015 10:56am Feb 6, 2015 10:56am
Quoting ill_be_back
Pending SHORT GJ 181.747
Nice call.. if this continues falling from here it was a great guess bro... keep posting this way
Focus only on what truly matters!
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