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Dragon Riders GBP/JPY

  • #4,841
  • Edited 11:28am Feb 26, 2015 11:12am | Edited 11:28am
Quoting FX-Ray
{quote} You could do me a favour though, you told me once you use them with H1 close and seriously I dont grasp it, so if you get trades next week could you show the approach behind?

sure

it's real easy though and remember it's cloggies way

edit: here is today's fib. drawn from the previous days high to the low
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  • #4,842
  • Feb 26, 2015 11:32am Feb 26, 2015 11:32am
Quoting AllyB
{quote} sure it's real easy though and remember it's cloggies way edit: here is today's fib. drawn from the previous days high to the low {image}
thats fine with me, thanks
Add: wow looks neat
  • #4,843
  • Feb 26, 2015 11:32am Feb 26, 2015 11:32am
Currently short. Waiting on 182.36 to go long lets see if it can get tomorrow
  • #4,844
  • Feb 26, 2015 11:34am Feb 26, 2015 11:34am
Quoting FX-Ray
{quote} thats fine with me, thanks Add: wow looks neat



edit: no wicks
  • #4,845
  • Feb 26, 2015 11:35am Feb 26, 2015 11:35am
E/U approaching 1.1180/65; should get filled soon
  • #4,846
  • Feb 26, 2015 11:36am Feb 26, 2015 11:36am
Quoting AllyB
{quote} edit: no wicks
Ally its 6:40pm here, am done for today, thank you and have a nice day
Add: Yeah I remember that rule, looking forward for more
  • #4,847
  • Feb 26, 2015 11:41am Feb 26, 2015 11:41am
Quoting FX-Ray
{quote} Ally its 6:40pm here, am done for today, thank you and have a nice day Add: Yeah I remember that rule, looking forward for more

yea time for lunch here so catch you tomorrow

laters

hit my target in 1195 nice
  • #4,848
  • Feb 26, 2015 11:43am Feb 26, 2015 11:43am
now i'm gone
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  • #4,849
  • Feb 26, 2015 12:06pm Feb 26, 2015 12:06pm
Monthly candle wick I was referring to. Anytime you see your reversal signal AND a daily/weekly/monthly candle about to close, it's a very powerful trade opportunity. Candles rarely close on highs/lows.

Quoting FX-Ray
{quote} guess it depends on 95/90 here
H4 favors a higher low. Waiting for small TF entry with Tight stop.
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Be hopeful in a winning position, and fearful in a losing position.
  • #4,850
  • Feb 26, 2015 12:42pm Feb 26, 2015 12:42pm
Quoting Tom_D_Trader
Is more of the USD move and pulls all charts. GBP momentum still very strong short, but reached support at GU 5413 - not like it was holding but watching m15 for signs, and also geppy at intraday S at 183,54. Waiting for overshoot to 183 retest. Would be suitable. But as said, although momentum very strong short, GU just hit hard support and Geppy intraday one.
The fight in chart. Still same levels. 183 would be perfect for me here, but already entered on GU chart... Hope thats not a fail.
+UJ seems toppy. 183,54...183 imo pretty valid now.
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"I know one thing, that I know nothing." Sokrates
  • #4,851
  • Feb 26, 2015 12:48pm Feb 26, 2015 12:48pm
Quoting Rag2RichesFX
Monthly candle wick I was referring to. Anytime you see your reversal signal AND a daily/weekly/monthly candle about to close, it's a very powerful trade opportunity. Candles rarely close on highs/lows. {quote} H4 favors a higher low. Waiting for small TF entry with Tight stop. {image} {image}
sent you a pm
  • #4,852
  • Feb 26, 2015 1:14pm Feb 26, 2015 1:14pm
Quoting raiders
{quote} sent you a pm
will answer Friday

h1 update

might shoot for 184.40 then sell.

Reason I favor sell is month end and daily candle, despite the recent 4hr candles.
Attached Image
Be hopeful in a winning position, and fearful in a losing position.
  • #4,853
  • Edited 6:25pm Feb 26, 2015 3:44pm | Edited 6:25pm
It may retest/move higher soon but under 183.5 again indicates it's at the bottom/underside of a rising wedge, suggesting completion has occurred at 185. Hence my comment about 12 ~18 hours ago saying that "if it breaks under 183.9 the silliness may stop". But a proper break back in takes it over 185. More than likely well over 185. That still says 'rising wedge' but a bullish one rather than bearish.

The 'wedge' bottom was ill-defined, so a move now below 183.5 could bring another similar (or massive) bounce from around 183.3/4. Either way, a break now over 184.35 and 184.45/5 takes it up and below 183.3 takes it down.

One of those ' special ' moments that require confirmation.
  • #4,854
  • Feb 26, 2015 4:27pm Feb 26, 2015 4:27pm
Quoting Mpt
It may retest/move higher soon, otherwise it's at the bottom of a rising wedge, suggesting completion has occurred at 185. But very much to be confirmed. Hence my comment about 12 ~18 hours ago saying that "if it breaks under 183.9 the silliness may stop". But a proper break back in takes it over 185. As I said, to be confirmed. A break down probably brings a partial retest of the high from the bottom area of the 'wedge' at around 182/182.5 or even 181.5 Additionally, the 'wedge' bottom was ill-defined, so a move now below 183.6 could bring another...
Daily higher low is still in play. So bulls could go as high as 184.60 tomorrow, then probably sell off into the weekend close. At least that's what I see. As long as 183.60 stays intact.

long, limit, stops
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Be hopeful in a winning position, and fearful in a losing position.
  • #4,855
  • Feb 26, 2015 8:32pm Feb 26, 2015 8:32pm
GJ M5, GU 1H, UJ 1H. Strange situation, got me on the side lines.


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If you are new to FX don"t follow my trades, I 've blown many live accounts
  • #4,856
  • Feb 27, 2015 12:11am Feb 27, 2015 12:11am
Quoting mclon
GJ M5, GU 1H, UJ 1H. Strange situation, got me on the side lines. {image}
It gets even more hilarious. Here's Version 2.

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A grand total of seven repetitions (one nearing completion), approximately 20-25 pip range for each. I scalped it after the third attempt, but I have to say-this is ridiculous.
  • #4,857
  • Feb 27, 2015 12:57am Feb 27, 2015 12:57am
what a great resource this thread gives.....a quick read and bamm....I'm all studied-up.....great chart AllieB
  • #4,858
  • Feb 27, 2015 1:04am Feb 27, 2015 1:04am
Quoting Vermillion
{quote} It gets even more hilarious. Here's Version 2. {image} A grand total of seven repetitions (one nearing completion), approximately 20-25 pip range for each. I scalped it after the third attempt, but I have to say-this is ridiculous.
wow!!! i totally missed out that 1. i think price is about to head downwards, just my feelings. any projections?
  • #4,859
  • Feb 27, 2015 1:12am Feb 27, 2015 1:12am
My buddy Ian just told me even though the cable is bearish now, from an elliotteer standpoint.....a new high is in order.....
  • #4,860
  • Feb 27, 2015 2:18am Feb 27, 2015 2:18am
Rejected at the pivot this run, lets see if they give it another go
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