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Dragon Riders GBP/JPY

  • #5,241
  • Mar 3, 2015 1:37pm Mar 3, 2015 1:37pm
Quoting FX-Ray
{quote} Anyone payed attention to this?
yes, that 5555 was a major high.....all consolidation under that for a while.....E-Wave analysis wise.....
  • #5,242
  • Mar 3, 2015 1:42pm Mar 3, 2015 1:42pm
Quoting anima999
{quote} I must say a long is looking temting though. 15min Ichimoku shows a TK crossover about to happen and MACD is improving.
I use the 10 day EMA on all timeframes accordingly.. on 15 minutes that would be the 960 EMA (equals 10 days) and price is just there now.. so I am expecting a return and therefore I insist in longs. But I use tight stop losses. Things can get ugly in a hurry here.

Happy Trades
Focus only on what truly matters!
  • #5,243
  • Edited 8:20pm Mar 3, 2015 7:00pm | Edited 8:20pm
approaching 183.60 again...this time, we'd better hit 183.600 itself. Last time, we barely scraped below 183.70.

I have a small long at 183.60, but I'm not too confident-we'll get a bounce, but the lack of bullish fervor from good UK data seems to indicate a possible weekly outlook towards lower areas (ex: 182.50). Then again, the UK's Bank of England has been putting on overtly saccharine levels of positiveness for their pound sterling, so it's not too surprising to see that MM aren't biting the bait.

A clear breach below 183.50=we're going past the 100% retracement at 183.60 and into 183 (which is the next support in mind)

Have a clear exit strategy, and be ready for Friday's news splash. That's all I have to say for now.

SL is 183.40, TP is 184.20/00.

Oh, and forgot to mention: Yellen's speech in 3min will be a possible outlying deciding factor.

Update: Usd/jpy looks like it's trying to wonder whether to yield to bulls or bears. Immediate intraday support around 119.40, resistance at 119.70-ish. Mind just go back up, since its British counterpart just hit the 183.60 support.
  • #5,244
  • Mar 3, 2015 7:42pm Mar 3, 2015 7:42pm
Quoting Ata-Turkoglu
{quote} I use the 10 day EMA on all timeframes accordingly.. on 15 minutes that would be the 960 EMA (equals 10 days) and price is just there now.. so I am expecting a return and therefore I insist in longs. But I use tight stop losses. Things can get ugly in a hurry here. Happy Trades
Man....cool, I'm going to punch that in and have a looky
I gotta see ...I'm heavy into the 333 sma on the 15M
  • #5,245
  • Mar 3, 2015 10:07pm Mar 3, 2015 10:07pm
Quoting Gbp/jpy
{quote} Man....cool, I'm going to punch that in and have a looky I gotta see ...I'm heavy into the 333 sma on the 15M
Just read your post.. yeah 10 day is cool.. will try 333 sma too..
Focus only on what truly matters!
  • #5,246
  • Mar 3, 2015 10:20pm Mar 3, 2015 10:20pm
Dragon Weekly is showing signs of a wave 3 sell into the low 170's
Attached Image (click to enlarge)
Click to Enlarge Name: gj 3_3_2015.JPG Size: 163 KB
The More You Learn, The More You Earn.....
  • #5,247
  • Mar 3, 2015 11:03pm Mar 3, 2015 11:03pm
Quoting forexalien
Dragon Weekly is showing signs of a wave 3 sell into the low 170's {image}
Good to know.. to me a clear break of 183.44 is even better..
Focus only on what truly matters!
  • #5,248
  • Mar 3, 2015 11:30pm Mar 3, 2015 11:30pm
hey forexalien....the daily looks completely different, showing an A_B_C....correction....whatya think?
  • #5,249
  • Edited 1:29am Mar 4, 2015 1:07am | Edited 1:29am
Good morning

Inserted Video


(Im not affiliated in any way and I also dont recommend any buying)
  • #5,250
  • Mar 4, 2015 1:12am Mar 4, 2015 1:12am
Quoting FX-Ray
{quote} optimally 1.5420; dont think I get it today, gonna close remaining below 1.5370; maybe 2morrow more opportunities to get the right side Add: Anyway still want dat 25
waiting for 1.5325
  • #5,251
  • Mar 4, 2015 1:14am Mar 4, 2015 1:14am
Quoting FX-Ray
G/J: either 184.00/83.90 holds or not; rejected 184.00 If U/J and G/J continue down, G/U should continue up (Source: fx-keys.com; forgot the URL) {image}
Anyone noticed the correlation-shift? G/U and U/J switched here.
  • #5,252
  • Mar 4, 2015 1:21am Mar 4, 2015 1:21am
Quoting FX-Ray
Good morning https://www.youtube.com/watch?v=XBLTbTi49gw
Morning Ray

184,000 hold lead this thing to print lower numbers.

Regards

T
Many green pips guys
  • #5,253
  • Mar 4, 2015 1:22am Mar 4, 2015 1:22am
Quoting TomTheTrader
{quote} Morning Ray 184,000 hold lead this thing to print lower numbers. Regards T
DPs worked perfectly here, I wait for now.
  • #5,254
  • Mar 4, 2015 1:22am Mar 4, 2015 1:22am
G/J current
Attached Image (click to enlarge)
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  • #5,255
  • Mar 4, 2015 1:27am Mar 4, 2015 1:27am
Quoting FX-Ray
G/J current {image}
Do you drive these data only from G/J orders or do you combine GU and UJ orders? Because I was thinking what drives GJ up or down is GU and UJ, I might be wrong of course.

Let's say lots of orders at 1.5330 at GU and lots of orders at 119.50 at UJ.. So 183.19 (1.5330*119.50) becomes a criticial point for GJ, right?
  • #5,256
  • Mar 4, 2015 1:36am Mar 4, 2015 1:36am
E/U current
Attached Image (click to enlarge)
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  • #5,257
  • Mar 4, 2015 2:27am Mar 4, 2015 2:27am
Quoting cimbombom
{quote} Do you drive these data only from G/J orders or do you combine GU and UJ orders? Because I was thinking what drives GJ up or down is GU and UJ, I might be wrong of course. Let's say lots of orders at 1.5330 at GU and lots of orders at 119.50 at UJ.. So 183.19 (1.5330*119.50) becomes a criticial point for GJ, right?
Interesting idea to be honest, never thought about it that way, you have any data about?

Correlations change continuously, im afraid that wouldnt work out as expected, maybe there is another way to approach it. I use turnovers which estimate the traded volume roughly speaking, I just can get close but never to the true value, my figures are correct +/- 5%.

Since I believe volume isnt that important as claimed, what I simply try to determine the level of 'interest'.
If you look at my stats, try to see the bars as interest-meassure, maybe it makes more sense then. Unfortunately I cant get too much into it.

Anyway, nice post.
  • #5,258
  • Mar 4, 2015 2:36am Mar 4, 2015 2:36am
G/J rejected DP 184.00/83.90
  • #5,259
  • Mar 4, 2015 2:38am Mar 4, 2015 2:38am
Well i had a sell order at 183.924. Didn't expect that quick a rollover Took off a profit of just over 1:2 risk reward. Nice pivots FX-Ray
  • #5,260
  • Mar 4, 2015 2:41am Mar 4, 2015 2:41am
Quoting mello87
Well i had a sell order at 183.924. Didn't expect that quick a rollover Took off a profit of just over 1:2 risk reward. Nice pivots FX-Ray
Rather extremes Well done. Am still playing the break of 183.60 as long as DP 184.00/83.90 valid.
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