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Dragon Riders GBP/JPY

  • #4,481
  • Feb 22, 2015 6:39am Feb 22, 2015 6:39am
Quoting FX-Ray
{quote} omg finally someone got it, thank you sir
YOUR dp'S ARE GREAT !! trading considering you DP's gave me new way of trading not only GJ but almost all the pairs .
i have an edge over price manipulation/stop loss hunting by the big boys .
i am really thankful for your work .
  • #4,482
  • Feb 22, 2015 8:07am Feb 22, 2015 8:07am
Still bullish? You're welcome.
higher highs, higher lows.
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #4,483
  • Feb 22, 2015 8:25am Feb 22, 2015 8:25am
Quoting Rag2RichesFX
Still bullish? You're welcome. higher highs, higher lows. {image}
Hi Rag2Riches, it is clearly still bullish, just seems to be in a bit of a consolidation mode between two key levels. I think under 181.50-20 a deeper correction is likely while a clean break of 184 should resume bullish momentum. The sharp buying reversal on Friday makes it more likely to test the 184 levels in my view, but let's see ...
Fix up, trade sharp ...
  • #4,484
  • Feb 22, 2015 9:33am Feb 22, 2015 9:33am
Bullish?
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Ghost Rider - WWTBMD?
  • #4,485
  • Feb 22, 2015 3:50pm Feb 22, 2015 3:50pm
Quoting gaurav.132
{quote} YOUR dp'S ARE GREAT !! trading considering you DP's gave me new way of trading not only GJ but almost all the pairs . i have an edge over price manipulation/stop loss hunting by the big boys . i am really thankful for your work .
Nice dude, if you can you can show some trades on other instruments, would be cool, anyway keep it up
  • #4,486
  • Edited 5:05pm Feb 22, 2015 3:55pm | Edited 5:05pm
Significant levels of Friday:

Upside targets: Post #3900
Downside targets: Post #3376
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  • #4,487
  • Feb 22, 2015 4:21pm Feb 22, 2015 4:21pm
Quoting Hickson
{quote} Hi Rag2Riches, it is clearly still bullish, just seems to be in a bit of a consolidation mode between two key levels. I think under 181.50-20 a deeper correction is likely while a clean break of 184 should resume bullish momentum. The sharp buying reversal on Friday makes it more likely to test the 184 levels in my view, but let's see ...
Hello, thanks for opinion.

Gap fill to 186.50 I would like to see. Then a nice drop.
Not only is that level really where the next accum/distrub range is
It is also the monthly close for December. 186.70 actually.

Support between 181.00 and 181.70 is looking very strong, suggesting a mark-up phase.

Quoting FX-Ray
Significant levels of Friday: Upside targets: Post #3900 Downside targets: Post #3376 {image}
Wow, much appreciated.

Quoting FX-Ray
Significant levels of Friday: Upside targets: Post #3900 Downside targets: Post #3376 {image}
Futures depth of market or do you have an institutional broker that makes public their clients spot FX orders?

If that info is available to others here, would you post how to find it? Thanks FX-Ray.
Be hopeful in a winning position, and fearful in a losing position.
  • #4,488
  • Feb 22, 2015 4:46pm Feb 22, 2015 4:46pm
I just went short this market:

Short @ 183.20
SL 150 pips (184.71)
TP 500 pips (178.20) at first but could leave trade to be build bigger

I'm gonna be looking to build a position on this pair and hold it for about 4 weeks till around March 19-20. If everything goes as planned more is to be added.

The markets do not like uncertainty and I'm willing to stick with my prior bias of getting a deeper correction on this pair.
  • #4,489
  • Feb 22, 2015 4:56pm Feb 22, 2015 4:56pm
Something we must consider for the long term.
A larger correction is overdue.

3month, weekly, daily.
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Be hopeful in a winning position, and fearful in a losing position.
  • #4,490
  • Edited 5:28pm Feb 22, 2015 5:08pm | Edited 5:28pm
1month candles, no need to complicate things. with just a handful of trades per year you could make 10,000% (RR 5-10: 1)
although to find the ideal entries, for more than just the obvious market structure levels, you should use momentum indicators

and 4hr/1hr (ONLY NEAR MONTHLY LEVELS). otherwise you will miss many trades, imo. at least
you wont be able to get the fantastic levels of risk reward. (10:1 or higher, requires tight stop losses..)


would do anything to short that with a 20-50 pip stop and ride it for 1000+ pip with a pyramid.
cmon bulls, push it higher to 186xx! form a doji in march and slam it in april.
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #4,491
  • Feb 22, 2015 6:39pm Feb 22, 2015 6:39pm
Quoting jasakreatif
{quote} you right , profit taken {image}
short

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  • #4,492
  • Edited 7:19pm Feb 22, 2015 7:06pm | Edited 7:19pm
Flat. waiting to see price reaction to the usual fib supports: 184.20/00, 183, 182.60/40. Those three points are what I'm focusing on right now. To the downside, targeting 182, 181.70/50, 181, and 180. Upside....looking at upper 184 or just around 185 for now. Possibly 186 if Greece's debt issue gets finalized and we get a bull run on gbp/jpy after the dust settle.

Leaning towards bears unless we get another news leak from Greece. Then it'll depend on what the news is.

I still favor a corrective bear move to retest 181, but it'll come down to whatever the markets show.
  • #4,493
  • Feb 22, 2015 8:07pm Feb 22, 2015 8:07pm
Quoting Rag2RichesFX
1month candles, no need to complicate things. with just a handful of trades per year you could make 10,000% (RR 5-10: 1) although to find the ideal entries, for more than just the obvious market structure levels, you should use momentum indicators and 4hr/1hr (ONLY NEAR MONTHLY LEVELS). otherwise you will miss many trades, imo. at least you wont be able to get the fantastic levels of risk reward. (10:1 or higher, requires tight stop losses..) would do anything to short that with a 20-50 pip stop and ride it for 1000+ pip with a pyramid. cmon bulls,...
Hey, thanks for the trading lessons!

I really don't think that praying to the bull Gods in order for you to act is going to make you successful in this business and let me know how you make out on them kind of trades you described...
  • #4,494
  • Edited 8:46pm Feb 22, 2015 8:22pm | Edited 8:46pm
I'm gonna feel lucky when I see the beast drop to the 182.40 level
  • #4,495
  • Feb 22, 2015 8:52pm Feb 22, 2015 8:52pm
Quoting Rag2RichesFX
cmon bulls, push it higher to 186xx! form a doji in march and slam it in april. {image}
I am trying. Wanna cover @ April . But dont have enough cash to push it. Could you guys buy it please?
"I know one thing, that I know nothing." Sokrates
  • #4,496
  • Feb 22, 2015 10:13pm Feb 22, 2015 10:13pm
Quoting ill_be_back
{quote} Might trigger, But already in at 183.284
TP on this 182.750
Pending BUY at 182.745
A good trader follows his rules, but great trader knows when to break them
  • #4,497
  • Feb 23, 2015 12:01am Feb 23, 2015 12:01am
Quoting ill_be_back
{quote} TP on this 182.750 Pending BUY at 182.745
Cancelled
A good trader follows his rules, but great trader knows when to break them
  • #4,498
  • Feb 23, 2015 3:53am Feb 23, 2015 3:53am
still holding long from 182.494 , since 20.02.15 , open TP
  • #4,499
  • Feb 23, 2015 4:08am Feb 23, 2015 4:08am
Quoting Tom_D_Trader
{quote} I am trying. Wanna cover @ April . But dont have enough cash to push it. Could you guys buy it please?
Haha, those will be the days. When we need to pepper our orders in slowly because our full position size would slip the market.
The world does 15 billion lots per year at least. Me? Maybe 1000.
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #4,500
  • Feb 23, 2015 4:15am Feb 23, 2015 4:15am
Under 183.2 for GJ 1.535 for GU The shit fight of the day.
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