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Dragon Riders GBP/JPY

  • #5,081
  • Edited 6:15pm Mar 2, 2015 5:38pm | Edited 6:15pm
Whilst the bullish break up makes sense with a break towards 187.8, retest to 181 or so then up, there is another possibility here that is quite the opposite. It's far fetched, but what appeared as a bullish rising wedge may still be a simple walk under a trend line running back to 180.8 (or 179.2 ish) from Sept last year and the format then would be an off-centre head and shoulders. And at 184.6 GJ sits at that TL. The eventual base to be retested in that case could be as low as 177 - but one step at a time.

Otherwise, I think all the other bull/bear parameters are valid. It's probably far fetched and silly.
  • #5,082
  • Edited 8:18pm Mar 2, 2015 7:06pm | Edited 8:18pm
Inserted Video


Patience is the state of endurance under difficult circumstances, which can mean persevering in the face of delay or provocation without acting on annoyance/anger in a negative way; or exhibiting forbearance when under strain, especially when faced with longer-term difficulties. Patience is the level of endurance one can take before negativity.[...]

(Source: https://en.wikipedia.org/wiki/Patience)
  • #5,083
  • Edited 7:41pm Mar 2, 2015 7:11pm | Edited 7:41pm
G/J:

As long price below DP 184.90/80, I'll stay short until 184.00/83.90 and below. laters
  • #5,084
  • Mar 2, 2015 7:40pm Mar 2, 2015 7:40pm
E/U:

Staying long above 1.1180/65 and short below.
  • #5,085
  • Mar 2, 2015 8:05pm Mar 2, 2015 8:05pm
Quoting FX-Ray
E/U: Staying long above 1.1180/65 and short below.
trades
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  • #5,086
  • Mar 2, 2015 8:09pm Mar 2, 2015 8:09pm
Quoting FX-Ray
{quote} trades {image}
Ooo nice entries. Congratz, hope is gonna pay out. Me aiming 121 to reload partial I just covered.
"I know one thing, that I know nothing." Sokrates
  • #5,087
  • Mar 2, 2015 8:18pm Mar 2, 2015 8:18pm
Quoting Tom_D_Trader
{quote} Ooo nice entries. Congratz, hope is gonna pay out. Me aiming 121 to reload partial I just covered.
Hi Tom, thanks, lets see how this works out, if negative I switch to short, anyway its late, catch ya guys up later
  • #5,088
  • Mar 2, 2015 10:48pm Mar 2, 2015 10:48pm
If the nice triangle on D1 will hold im targeting 180,238 as my TP , of course for longer term. The barrier at H4 on the level 184,905 is holding for now. On the way downwards there are some lines (cyan colour) where can be some reversal or at least little bounce up. (just my opinion) :nerd:
And nooow just waiting

Wish you many green pips guys.

T
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Many green pips guys
  • #5,089
  • Edited 11:28pm Mar 2, 2015 10:59pm | Edited 11:28pm
Quoting TomTheTrader
If the nice triangle on D1 will hold im targeting 180,238 as my TP , of course for longer term. The barrier at H4 on the level 184,905 is holding for now. On the way downwards there are some lines (cyan colour) where can be some reversal or at least little bounce up. (just my opinion) :nerd: And nooow just waiting Wish you many green pips guys. T {image} {image}
I think you have the best nick on whole FF . T
Quoting TomTheTrader
{quote} No no no no YOU and me have the best nicks
Ok Ok, you beat me!We
"I know one thing, that I know nothing." Sokrates
  • #5,090
  • Mar 2, 2015 11:09pm Mar 2, 2015 11:09pm
Quoting Vermillion
{quote} Ah, sorry. I thought you were talking about US news. you were referring to the U.K. one. I haven't really paid much attention to UK news in the past few weeks; I just trade it whenever it's noticeably oversold/overbought on the 4hrly and daily. BOE has been busy making the UK economy look more rosy than it really is, so I just ignore the average intraday news from the U.K.
Hey rader....I thought it was the china pmi.....he he eh
  • #5,091
  • Mar 2, 2015 11:16pm Mar 2, 2015 11:16pm
Quoting TomTheTrader
If the nice triangle on D1 will hold im targeting 180,238 as my TP , of course for longer term. The barrier at H4 on the level 184,905 is holding for now. On the way downwards there are some lines (cyan colour) where can be some reversal or at least little bounce up. (just my opinion) :nerd: And nooow just waiting Wish you many green pips guys. T {image} {image}
that's a friggin; beautiful pennant chart up there......What I saw with my Kryptonite eyes though was major wave 1....just now first time....thanks for putting that up on the board!!!
  • #5,092
  • Mar 2, 2015 11:17pm Mar 2, 2015 11:17pm
Quoting Tom_D_Trader
{quote} I think you have the best nick on whole FF . T
No no no no YOU and me have the best nicks
Many green pips guys
  • #5,093
  • Mar 2, 2015 11:34pm Mar 2, 2015 11:34pm
so, forexalien posted 5 days ago about this very scenario.....he said something about the 4H being bullish and to buy the lows on that chart....
  • #5,094
  • Mar 2, 2015 11:37pm Mar 2, 2015 11:37pm
Quoting forexalien
My Observations of the Dragon............ Monthly is long but resting.......... Weekly has been trending long and weakening or resting at these levels.............. Daily is trending long with little momentum and is showing signs of not breaking the Dec 2014 high at this time............ H4 is trending long slowly, buy the bottoms at this time.............. H1 is having a hard time breaking new highs and is ranging above the 50 SMA............ Looking for lower as confirmation shows it's Dragon Head................. {image}
As posted ..................Lower.......................
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The More You Learn, The More You Earn.....
  • #5,095
  • Mar 2, 2015 11:43pm Mar 2, 2015 11:43pm
182.6/5 is my target to buy
  • #5,096
  • Mar 3, 2015 12:02am Mar 3, 2015 12:02am
Quoting raiders
182.6/5 is my target to buy
That might make the 50 SMA turn down..............
The More You Learn, The More You Earn.....
  • #5,097
  • Mar 3, 2015 12:37am Mar 3, 2015 12:37am
Quoting forexalien
{quote} That might make the 50 SMA turn down..............
might but im not worried about that. strong resistance should make that sucka bounce hard
  • #5,098
  • Mar 3, 2015 2:48am Mar 3, 2015 2:48am
G/J current; waiting for DP 183.70/60

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  • #5,099
  • Mar 3, 2015 3:09am Mar 3, 2015 3:09am
E/U current
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  • #5,100
  • Mar 3, 2015 3:35am Mar 3, 2015 3:35am
Quoting FX-Ray
E/U current {image}
Good morning Ray,

Your DPs working like charm on GJ, holding a small position from 184.90-95 area but always kept a tight stop around 185.10, still holding on to them. EU got me yesterday night on my little long but will try again, I see a bounce again from 1.1174-72 area. Hope allz well with you.
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