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Dragon Riders GBP/JPY

  • #4,541
  • Feb 23, 2015 6:53am Feb 23, 2015 6:53am
Looks like I will be s/o from EU long at BE. Volatility is a real bummer ...
Fix up, trade sharp ...
  • #4,542
  • Feb 23, 2015 7:06am Feb 23, 2015 7:06am
Quoting Tom_D_Trader
{quote} Ok, I will overtrade, to match 15 Bn. Starting right now and buying both UJ and GJ. Please Yen let me live . Stops only long term, UJ 118,129 GJ 181,475. Dont have mood for those spikes.
In its present formation, UJ is likely to trade below 118.
  • #4,543
  • Edited 8:17am Feb 23, 2015 7:07am | Edited 8:17am
Quoting Mpt
In its present formation, UJ is likely to trade below 118.
Why? Is going up in my charts, cant help myself. See, trend is my mate. Oh how much we already drunk together.

edit: Gotta show you. Think is funny pic.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 107 KB
"I know one thing, that I know nothing." Sokrates
  • #4,544
  • Feb 23, 2015 8:06am Feb 23, 2015 8:06am
i'm placing buy stop at 183.446 'n sell stop at 182.62.
  • #4,545
  • Feb 23, 2015 8:17am Feb 23, 2015 8:17am
hope to see fresh highs iam still keeping the long position
  • #4,546
  • Feb 23, 2015 8:22am Feb 23, 2015 8:22am
Decided not to do 182.40s and just reversed off this 1 hour stoch divergence. daily candle needs to go somewhere..

breakout is is inevitable with this much chop
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #4,547
  • Feb 23, 2015 9:02am Feb 23, 2015 9:02am
Quoting edyraper
hope to see fresh highs iam still keeping the long position
monthly chart says if you can be patient you will be rewarded for that view

300 pips to 186xx then it should drop to 178 or deeper..

3month candles. If March close above 186.70 then could do 192.50 as euphoria phase
strong resistance there on monthly

(Giving yet another positive quarter if close above 186.70 and back in green territory for 2015).
Be hopeful in a winning position, and fearful in a losing position.
  • #4,548
  • Feb 23, 2015 9:03am Feb 23, 2015 9:03am
Quoting Tom_D_Trader
{quote} Why? Is going up in my charts, cant help myself. See, trend is my mate. Oh how much we already drunk together. edit: Gotta show you. Think is funny pic. {image}
wow, look at those lines
There is no profitable or non-profitable day, trade is a trade.
  • #4,549
  • Feb 23, 2015 9:04am Feb 23, 2015 9:04am
hope to see new fresh highs
  • #4,550
  • Feb 23, 2015 9:08am Feb 23, 2015 9:08am
nice moves riders
  • #4,551
  • Feb 23, 2015 9:13am Feb 23, 2015 9:13am
The trendline containing this is broken so I think 183.70 area is on the cards and above that we might really see a further rally.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
Fix up, trade sharp ...
  • #4,552
  • Feb 23, 2015 9:26am Feb 23, 2015 9:26am
Quoting Hickson
The trendline containing this is broken so I think 183.70 area is on the cards and above that we might really see a further rally. {image}

Your trend 'lines' will continue to break because it is not a straight line. At this stage, it's emulating the price compression rounding top as we last saw at 187 over Christmas. Without making and maintaining new highs this continues to be a bearish set up.
  • #4,553
  • Feb 23, 2015 9:33am Feb 23, 2015 9:33am
Quoting Mpt
{quote} Your trend 'lines' will continue to break because it is not a straight line. At this stage, it's emulating the price compression rounding top as we last saw at 187 over Christmas. Without making and maintaining new highs this continues to be a bearish set up.
Well said, I would just add that it's more of a M pattern but bearish nonetheless...
  • #4,554
  • Edited 9:51am Feb 23, 2015 9:35am | Edited 9:51am
Quoting Mpt
{quote} Your trend 'lines' will continue to break because it is not a straight line. At this stage, it's emulating the price compression rounding top as we last saw at 187 over Christmas. Without making and maintaining new highs this continues to be a bearish set up.
I am not a big trendline guru. But to me the lines look straight ... they are more like auxiliary trendlines atm though and need confirmation. They should probably stick a bit better to the extreme points. I find this not so easy to do without special software since I am not a big drawing freak. Just experimenting with these but maybe I will delete them altogether again lol
Fix up, trade sharp ...
  • #4,555
  • Feb 23, 2015 9:43am Feb 23, 2015 9:43am
holding the long position from : 182.494 TP : 183.854
  • #4,556
  • Feb 23, 2015 10:03am Feb 23, 2015 10:03am
Holding my long positions,
can it reach 184.102 ?
its my TP
Attached Image (click to enlarge)
Click to Enlarge Name: GJ23.2.PNG Size: 39 KB
There is no profitable or non-profitable day, trade is a trade.
  • #4,557
  • Feb 23, 2015 10:08am Feb 23, 2015 10:08am
Hi mpt, I think I got the trendlines a bit better now after some work on this .... changed my plan, nice bounce off of them for shorts .... cross resistance that is called in my book, but what do I know ...

It is going well so far! Maybe I luck out! lol
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 47 KB
Fix up, trade sharp ...
  • #4,558
  • Feb 23, 2015 10:09am Feb 23, 2015 10:09am
Quoting dzulmonster
Holding my long positions, can it reach 184.102 ? its my TP {image}
Nice trade!
Fix up, trade sharp ...
  • #4,559
  • Feb 23, 2015 10:14am Feb 23, 2015 10:14am
Quoting Hickson
Hi mpt, I think I got the trendlines a bit better now after some work on this .... changed my plan, nice bounce off of them for shorts .... cross resistance that is called in my book, but what do I know ... It is going well so far! Maybe I luck out! lol {image}
Catch you later mate. It's 2am here
  • #4,560
  • Feb 23, 2015 10:16am Feb 23, 2015 10:16am
Quoting Hickson
Hi mpt, I think I got the trendlines a bit better now after some work on this .... changed my plan, nice bounce off of them for shorts .... cross resistance that is called in my book, but what do I know ... It is going well so far! Maybe I luck out! lol {image}
Well let's face it... if you don't care what Heiken Ashi tells you then let me ask you bro.. why are you using them?
Focus only on what truly matters!
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