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Dragon Riders GBP/JPY

  • #3,841
  • Feb 12, 2015 11:42pm Feb 12, 2015 11:42pm
Quoting Gbp/jpy
MPT....that 207....last time on the way up it stalled a good one at 204.50.....or was it falling from 207......OK.....
Yep, I'm aware of the 204 number. I'll tell you my logic. What was the significance of the halt at 189.5? Well, just by coincidence that number not only represented a place that offered huge rising TL resistance, but was the culmination of all the 185/186.5/187/188 stuff. It was all too much to bear. Just out of coincidence, a fib extension from 118.8, (the bottom of wave 2) against 174.8 (possibly top of wave 3) gives a 1.27 extension number of .............................. 189.5.

207/8 is the 1.618 extension. And 195.6 is the 1.382. Maybe. One day.
  • #3,842
  • Feb 12, 2015 11:45pm Feb 12, 2015 11:45pm
195.57 on my scope, then....thanks for any extension info.....more good input....
  • #3,843
  • Feb 12, 2015 11:46pm Feb 12, 2015 11:46pm
Quoting FX-Ray
{quote} my charts say all significant levels cleared except 179.00 and below* which 'should' be next, thats optimal target for covering half if she let me in. Added*
Good morning Dragon Rider :-)

here my view of GBPJPY ! http://www.forexfactory.com/showthre...88#post8066488

May be Dragon want to close GAP's to 187.30 before drop (scenario stil valid above 184.340)

Schickeria
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  • #3,844
  • Feb 12, 2015 11:55pm Feb 12, 2015 11:55pm
i just closed my short trades on GBP/JPY and switched to short GBP/USD with a smaller leverage.

here's my account: http://www.forexfactory.com/colinsheen#21
  • #3,845
  • Feb 13, 2015 12:12am Feb 13, 2015 12:12am
Zooming out on a Google map ? - one gets a better sense of direction.

An alternate long term count tells an incomplete wave (4) correction, very likely terminates next the bottom of previous wave (iv).
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily 13Feb15.png Size: 63 KB

On the near term, the correction since 26Jan15 low has retraced almost 61.82% of previous range,
there is at least some downside action coming , big or small.
Elliott Wave for optimum entry, exit and risk management of trades
  • #3,846
  • Feb 13, 2015 12:20am Feb 13, 2015 12:20am
dis fun.....see them wiggle the price around.....
  • #3,847
  • Feb 13, 2015 12:20am Feb 13, 2015 12:20am
Back to square one at 183. Oh wow.
  • #3,848
  • Feb 13, 2015 1:29am Feb 13, 2015 1:29am
Some good old (shit) "V" days we are having here.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-12_23-26-07.jpg Size: 214 KB


So how's everyone doing?
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #3,849
  • Feb 13, 2015 1:48am Feb 13, 2015 1:48am
New round of London section as GJ continue hanging around the 183.00 level.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-12_23-42-23.jpg Size: 74 KB


Correction: Carney hints rate cute.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #3,850
  • Feb 13, 2015 4:57am Feb 13, 2015 4:57am
current daily profile

most turnovers in 183.00/82.90; below 182.85/75 probably continuation downside; above 183.20/15 probably continuation upside.
Attached Image (click to enlarge)
Click to Enlarge Name: current.png Size: 249 KB
  • #3,851
  • Feb 13, 2015 4:59am Feb 13, 2015 4:59am
Quoting FX-Ray
current daily profile most turnovers in 183.00/82.90; below 182.85/75 probably continuation downside; above 183.20/15 probably continuation upside. {image}

Hi FX-Ray. How have you been?
Fix up, trade sharp ...
  • #3,852
  • Feb 13, 2015 5:01am Feb 13, 2015 5:01am
Quoting Hickson
{quote} Hi FX-Ray. How have you been?
Hi Hickson, all fine here mate, how about you?
  • #3,853
  • Feb 13, 2015 5:01am Feb 13, 2015 5:01am
Quoting FX-Ray
{quote} Hi Hickson, all fine here mate, how about you?
Still in the game
Fix up, trade sharp ...
  • #3,854
  • Feb 13, 2015 5:02am Feb 13, 2015 5:02am
Quoting Hickson
{quote} Still in the game
Nothing else matters

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  • #3,855
  • Edited 5:28am Feb 13, 2015 5:06am | Edited 5:28am
Wow. 183 must really be a favorite for volatility. Closed all positions. I'm staying flat for now.

Edit: Looks like a bearish ascending triangle. Nevermind. Loaded short at resistance. Pretty tight SL.
  • #3,856
  • Feb 13, 2015 5:07am Feb 13, 2015 5:07am
Quoting FX-Ray
{quote} Nothing else matters
Yes, but more funds for more motivation would be good. I might figure it out somehow this year.
Fix up, trade sharp ...
  • #3,857
  • Feb 13, 2015 5:10am Feb 13, 2015 5:10am
Quoting Hickson
{quote} Yes, but more funds for more motivation would be good. I might figure it out somehow this year.
Hickson, funds doesnt mean anything, just believe me on that one, your focus should be on completely different things.
  • #3,858
  • Feb 13, 2015 5:14am Feb 13, 2015 5:14am
Quoting FX-Ray
{quote} Hickson, funds doesnt mean anything, just believe me on that one, your focus should be on completely different things.
I understand what you mean trading wise, but when it comes to making a living it is a totally different story.
Fix up, trade sharp ...
  • #3,859
  • Feb 13, 2015 5:21am Feb 13, 2015 5:21am
Very boring range atm ... time to eat something.
Fix up, trade sharp ...
  • #3,860
  • Feb 13, 2015 5:22am Feb 13, 2015 5:22am
Quoting Hickson
{quote} I understand what you mean trading wise, but when it comes to making a living it is a totally different story.
You need to overcome this phase. Its important to understand that the 'learning curve' is actually a 'sync-curve', to get in sync with the market to achieve consistency. Everything you feel and everything what is happening to you right now is as it should be, as soon as you accept that and dont question it, you will get to the next stage of progress. Accept it, embrace it and thrive in it.

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