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Dragon Riders GBP/JPY

  • #3,681
  • Feb 12, 2015 5:07am Feb 12, 2015 5:07am
And no sooner .... wave 1 probably 375 pips. Wave 5 = wave 1 =184.5 Wave 1 x 1.618 = 187 Assuming break of 183.93 plus/minus 20 pips. Failure to break means the downside is wide open.
  • #3,682
  • Feb 12, 2015 5:13am Feb 12, 2015 5:13am
got this so far..
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  • #3,683
  • Feb 12, 2015 5:13am Feb 12, 2015 5:13am
Quoting Mpt
And no sooner .... wave 1 probably 375 pips. Wave 5 = wave 1 =184.5 Wave 1 x 1.618 = 187 Assuming break of 183.93 plus/minus 20 pips
Hi MPT, you found your way here, you're welcome
  • #3,684
  • Edited 5:28am Feb 12, 2015 5:17am | Edited 5:28am
Quoting FX-Ray
{quote} Hi Greenstar, yeah most of the times it the same scenario, high impact news push price down into high demand in a uptrend just to take off and vice versa. They create great opportunities to hold onto to a trade for few days to maximise your profit margin.
This just happend again today ► 'bad news' in an uptrend, deep dip and take off at significant level 181.10/00
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  • #3,685
  • Feb 12, 2015 5:18am Feb 12, 2015 5:18am
184.20/15 crucial, be careful there. Thats the point where sellers pushed price down almost 1000 pips, either we see a continuation there or a reversal.
  • #3,686
  • Feb 12, 2015 5:29am Feb 12, 2015 5:29am
Quoting YvetteTeo
{quote} I'd like to see another run at my long term triangle top at 183.7.
So it looks like a rejection at the triangle top again.

Edit: Kinda early to call it though, we'll see.
Luck shines on the positive.
  • #3,687
  • Feb 12, 2015 5:31am Feb 12, 2015 5:31am
profile 05.01.2015

We are in the range of that day.
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  • #3,688
  • Feb 12, 2015 5:41am Feb 12, 2015 5:41am
i am riding this trades now. gbpusd have targets now. but for GbpJpy i am going to wait for weekly close. and will hold it and also add some longs if we close this week above 180.707

(FX-Ray i delete the lots and the profits , i hope it wont be prob )
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do not stand out in the open with gun ;stand in the bushes with knife..
  • #3,689
  • Feb 12, 2015 5:43am Feb 12, 2015 5:43am
Quoting countdown
i am riding this trades now. gbpusd have targets now. but for GbpJpy i am going to wait for weekly close. and will hold it and also add some longs if we close this week above 180.707 (FX-Ray i delete the lots and the profits , i hope it wont be prob ) {image}
All fine
  • #3,690
  • Feb 12, 2015 5:45am Feb 12, 2015 5:45am
"Bank of England eyes risk of falling prices, ready to cut rates if needed" - Source: Reuters

It was quite a mix signals from Carney and the press conference, don't know what to make of it or is it just me!
  • #3,691
  • Feb 12, 2015 5:48am Feb 12, 2015 5:48am
Quoting workingforex
"Bank of England eyes risk of falling prices, ready to cut rates if needed" - Source: Reuters It was quite a mix signals from Carney and the press conference, don't know what to make of it or is it just me!
CB'ssssss omg. 2015 year of CBs
do not stand out in the open with gun ;stand in the bushes with knife..
  • #3,692
  • Feb 12, 2015 5:56am Feb 12, 2015 5:56am
Quoting countdown
{quote} CB'ssssss omg. 2015 year of CBs
“Central banks around the world are now massively in play,...”

(Source)
  • #3,693
  • Feb 12, 2015 6:00am Feb 12, 2015 6:00am
Right now it's all about this: "Will price break 184.25 or not?" I also showed the long term range on 4H chart below. Euphoria is over.. it felt like the GJ pair had just a sexual relief and is too tired now to do anything.. it seems like no strength to test 184... coffee time and looking for a good place to short..

Happy Trades
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Focus only on what truly matters!
  • #3,694
  • Feb 12, 2015 6:23am Feb 12, 2015 6:23am
Risking a short scalper.. 183.86, SL: 184.10

Happy Trades
Focus only on what truly matters!
  • #3,695
  • Feb 12, 2015 8:04am Feb 12, 2015 8:04am
Quoting FX-Ray
{quote} “Central banks around the world are now massively in play,...” (Source)
hey my friend I am still long bias but what the heck is going on today? been trading stocks this week and my charts are being crazy or should I say up and down. hate it when this happens
  • #3,696
  • Feb 12, 2015 8:10am Feb 12, 2015 8:10am
Quoting Ata-Turkoglu
Risking a short scalper.. 183.86, SL: 184.10 Happy Trades
Closed at 183.53.. with +33 pips...

One important thing: I never set my Stop Losses on my trading platform.. I set a very high SL like +75 pips in case I can not respond in time but in my mind I have my real SL and once price arrives there I decide by looking at the speed and the status of candles and decide to close manually..

In this example I would have been stopped out and can you see how funny it came around my stated stop loss and turn back down from there? That is my experience cause it is still difficult for me to exactly guess a good place for a stop loss.. but this method helps me a lot.. so try it and experiment yourself..

Happy Trades
Focus only on what truly matters!
  • #3,697
  • Feb 12, 2015 8:12am Feb 12, 2015 8:12am
hi guys again. i wanna ask question but not about pairs. please forgive me , but i never used a MacBook and i am planning to buy a new laptop , can i download MT4 and the indicators in it ? Does any of you have experience with it ?
ty all for kind answers
do not stand out in the open with gun ;stand in the bushes with knife..
  • #3,698
  • Feb 12, 2015 8:15am Feb 12, 2015 8:15am
Quoting Ata-Turkoglu
{quote} Closed at 183.53.. with +33 pips... One important thing: I never set my Stop Losses on my trading platform.. I set a very high SL like +75 pips in case I can not respond in time but in my mind I have my real SL and once price arrives there I decide by looking at the speed and the status of candles and decide to close manually.. In this example I would have been stopped out and can you see how funny it came around my stated stop loss and turn back down from there? That is my experience cause it is still difficult for me to exactly guess a...
sometimes we must change the trading plan (short term trades) simultaneously with the market behaviours..
do not stand out in the open with gun ;stand in the bushes with knife..
  • #3,699
  • Feb 12, 2015 8:15am Feb 12, 2015 8:15am
Quoting AllyB
{quote} hey my friend I am still long bias but what the heck is going on today? been trading stocks this week and my charts are being crazy or should I say up and down. hate it when this happens
Seems a hoax BoJ calls end of monetary expansion. Still searching who the heck released it but seems info comes from twitter . Looks like really serious stuff.

From where I stand, they have expanded on monetary policy about three weeks ago.
"I know one thing, that I know nothing." Sokrates
  • #3,700
  • Feb 12, 2015 8:18am Feb 12, 2015 8:18am
Quoting countdown
{quote} sometimes we must change the trading plan (short term trades) simultaneously with the market behaviours..
Exactly.. and also it is still not possible to tell metatrader to do things like this: "close only if a red candle closes above x price", so because the closings can be complex I prefer to do it manually.. I use a real stop loss only if I am not in front of the screen.. it is also helpful to compete with stop loss hunters..

Happy Trades
Focus only on what truly matters!
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