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Dragon Riders GBP/JPY

  • #4,461
  • Feb 20, 2015 1:36pm Feb 20, 2015 1:36pm
Quoting Ata-Turkoglu
Just opened a 1 lot short at 183.20.. SL: 183.50 will leave it this way.. Happy Trades
Have a pending SHORT at 183.51
A good trader follows his rules, but great trader knows when to break them
  • #4,462
  • Feb 20, 2015 1:39pm Feb 20, 2015 1:39pm
Quoting ill_be_back
{quote} Have a pending SHORT at 183.51
Ok took my SL to 183.55.. sometimes it is good to listen to external voices..
Focus only on what truly matters!
  • #4,463
  • Feb 20, 2015 1:44pm Feb 20, 2015 1:44pm
Quoting Ata-Turkoglu
{quote} Ok took my SL to 183.55.. sometimes it is good to listen to external voices..
Might trigger, But already in at 183.284
A good trader follows his rules, but great trader knows when to break them
  • #4,464
  • Feb 20, 2015 1:54pm Feb 20, 2015 1:54pm
aaaand we're back to the all mighty 183.3 where ill put good money we close the week at. Uptrend still not confirmed downtrend could still be in play but basically at the exact point of uncertainty up or down you could flip a coin and be right.
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  • #4,465
  • Feb 20, 2015 2:02pm Feb 20, 2015 2:02pm
Quoting thegmann
aaaand we're back to the all mighty 183.3 where ill put good money we close the week at. Uptrend still not confirmed downtrend could still be in play but basically at the exact point of uncertainty up or down you could flip a coin and be right. {image}
Answer: neither bulls or bears.

It's Greece again. Apparently, we've all but confirmed an extension for Greece (i.e. Grexit fears gone for now =overall market doesn't have to worry about some economic shithole from Greece flying about, like say bank runs). Don't try to trade the chart pattern at this point; if you see athe price moving in one direction & recent news updates from Greece supports it, just follow that trend. Sometimes, it pays to follow the herd-like today especially.

So get ready for even more wacky price movements whenever something flies from Greece. Just look at the usd/jpy and eur/usd. They're both going up. Not normal, and would not happen if it ween't for the situation in Greece creating a market fever.
  • #4,466
  • Feb 20, 2015 3:09pm Feb 20, 2015 3:09pm
Woke up to trade and watch the retail sales this morning and manage my trade personally and all went well. Went to work and was well in profits and adjusted stops @ BE 183.47 and now I'm back from work and stopped out with a pip profit...

The thing is that I can't even get mad as this pair has produced lots of pips for me but I can't help to think that now I've got to settle with a Mcdonalds dinner instead of me going to the Outback for a good steak... lol
  • #4,467
  • Feb 20, 2015 3:34pm Feb 20, 2015 3:34pm
Quoting Ironman777
Woke up to trade and watch the retail sales this morning and manage my trade personally and all went well. Went to work and was well in profits and adjusted stops @ BE 183.47 and now I'm back from work and stopped out with a pip profit... The thing is that I can't even get mad as this pair has produced lots of pips for me but I can't help to think that now I've got to settle with a Mcdonalds dinner instead of me going to the Outback for a good steak... lol
Sorry for you buddy but the way you dramatized it made me giggle
Focus only on what truly matters!
  • #4,468
  • Feb 20, 2015 3:39pm Feb 20, 2015 3:39pm
Quoting Ata-Turkoglu
{quote} Sorry for you buddy but the way you dramatized it made me giggle

http://free-smiley.de/Smiley-Face/25...miley-Face.gif

lol
  • #4,469
  • Feb 20, 2015 3:50pm Feb 20, 2015 3:50pm
My final comment for the day.. I am short because of this possibility.. see you all next week..

Happy Weekends
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Focus only on what truly matters!
  • #4,470
  • Feb 20, 2015 3:58pm Feb 20, 2015 3:58pm
http://fc01.deviantart.net/fs25/f/20...669d844f33.jpg
http://togsgol.ucoz.com/_nw/1/06456476.jpg
  • #4,471
  • Feb 20, 2015 4:46pm Feb 20, 2015 4:46pm
Guys check this out...

http://www.investopedia.com/articles...iamondbear.asp

In reality this pair went nowhere this week, and someone sent me this to see what I think of this pair as it has some resemblance to it...

This is the chart I had posted with the looks of this so called diamond,
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  • #4,472
  • Feb 20, 2015 4:55pm Feb 20, 2015 4:55pm
4hr went nowhere and we can see that to become bullish it has to close above 184 on the daily...but has not done so in 7 days
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  • #4,473
  • Feb 20, 2015 4:58pm Feb 20, 2015 4:58pm
and now I see the 1hr has also a similar look to the daily but got to wait for the break of the bott trend line to have it confirm it's real
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  • #4,474
  • Feb 20, 2015 5:27pm Feb 20, 2015 5:27pm
Quoting Vermillion
{quote} Answer: neither bulls or bears. It's Greece again. Apparently, we've all but confirmed an extension for Greece (i.e. Grexit fears gone for now =overall market doesn't have to worry about some economic shithole from Greece flying about, like say bank runs). Don't try to trade the chart pattern at this point; if you see athe price moving in one direction & recent news updates from Greece supports it, just follow that trend. Sometimes, it pays to follow the herd-like today especially. So get ready for even more wacky price movements whenever...

Yeah that's what i said lol. It's no mans land aka a coin flip whether it goes up or down. I traded both the gbpjpy and eurusd profitably today sold eurusd at euro market open 1.1370 exited 1.130 and had short in gbpjpy from 183.6 posted before and closed out at 182. We're back where we started now and seems like we'll be closing at 183.3 range on GJ. I will be looking to hopefully short EU at around 1.14-1.15 next week if all hell doesn't break loose before then. GJ is a wait and see if get a daily close above 184 im bullish if we stay below and can get an engulfing bearish daily close next week i'll be looking to sell.
  • #4,475
  • Edited 6:46pm Feb 20, 2015 6:28pm | Edited 6:46pm
Quoting Ata-Turkoglu
Another sudden 50 pips move.. I hope some of you understand what I mean why I hate this pair.. it has sudden moves like a shitty cockroach..
Hey hey.....a cockroach that can't be caught....I hate that.....gonna get some bait hotels.....

Now us Texas boys have boots that can get 'em in the corners.....but how tough is it to force the GBP/JPY into a corner....yeah...
  • #4,476
  • Feb 20, 2015 6:42pm Feb 20, 2015 6:42pm
this pair telegraphs it's moves an hour ahead of time....the 15M........333sma....have a looky smilemiz
  • #4,477
  • Feb 20, 2015 6:48pm Feb 20, 2015 6:48pm
Quoting Gbp/jpy
this pair telegraphs it's moves an hour ahead of time....the 15M........333sma....have a looky smilemiz
i see... dont really know that..

michelle here
  • #4,478
  • Feb 21, 2015 7:38am Feb 21, 2015 7:38am
Quoting FX-Ray
{quote} {image}
Hi Fx-Ray,

Hope you enjoy the weekend. Think I posted one before, one level below not pictured. New one now , but this is clearer I think.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,479
  • Feb 21, 2015 7:49am Feb 21, 2015 7:49am
Hi guys. do you think that we will have bullish market this week ?


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  • #4,480
  • Edited 8:18am Feb 22, 2015 4:06am | Edited 8:18am
Quoting ElGenerico
Hi guys. do you think that we will have bullish market this week ? {image}
It depends on where it opens. It may well open to a marginal new high. As to whether that sustains is another matter.

The weakest component here right now is the weekly. In fact, the weekly strength is almost a carbon copy of exactly 12 months ago, in the last week of Feb 2014. And, after climbing 800 pips and stalling, it still managed a last hour surge of about 150 pips.

Of course, after that massive explosion it went sideways for the next 27 weeks.
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