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Dragon Riders GBP/JPY

  • #5,481
  • Mar 5, 2015 4:52am Mar 5, 2015 4:52am
Quoting FX-Ray
{quote} Nice Whats your game plan?
Hold for the highs or even more ... out at a break of 118.65. RR on this is looking vely good.
Fix up, trade sharp ...
  • #5,482
  • Mar 5, 2015 5:12am Mar 5, 2015 5:12am
UJ has still not broken out. It still meets regular triangle parameters and measurements. A break over 120.6 tends to negate the triangle. All its moves since December have been to or slightly beyond the limits - its pushing these again.

In simple trading terms, GJ has bounced from the 23.6 retracement 185/175.4. The thrust up just now capped thus far at the 38.2 retracement level of the decline.

Until such time as GJ breaks over 184, it remains bearish.

FWIW, the overall 38.2 of the whole move sits at 181.4 but it must now drop out of 182.7 and the previous low
  • #5,483
  • Mar 5, 2015 5:31am Mar 5, 2015 5:31am
Quoting mrcreosote
{quote} PS what time u got over there quads? u most be trading in your pyjamas
yeah it is like early in the wee mornings at that time. I try to stick to strict trading hrs which is either 2-5am or 8-11am NY eastern time. on a side note since I was awake and I wasn't to confident in the trade so I closed for about 70 pips out of that move. I think maybe because its Thursday and I do think that Mid term this pair is bearish overall with a long term bullish bias. Just my 2 cents
  • #5,484
  • Mar 5, 2015 5:36am Mar 5, 2015 5:36am
I like 119.89 as support in the yen now...
Look Sharp/Trade Tight
  • #5,485
  • Mar 5, 2015 5:48am Mar 5, 2015 5:48am
Quoting PayTheLimit
I like 119.89 as support in the yen now...

Yap, great spot, maybe 2morrow..
  • #5,486
  • Mar 5, 2015 5:52am Mar 5, 2015 5:52am
and I have 1.5324 marked for sells in cable...
Look Sharp/Trade Tight
  • #5,487
  • Mar 5, 2015 6:01am Mar 5, 2015 6:01am
Quoting PayTheLimit
and I have 1.5324 marked for sells in cable...
spot on, same here..
  • #5,488
  • Mar 5, 2015 6:02am Mar 5, 2015 6:02am
Quoting FX-Ray
News trade-setup: (1) If news push it directly down to DP 181.80/70; I gonna buy it (2) If news push it directly up to DP 183.70/60; I gonna sell it TP: Take what you can (50-100Pips) SL: Be a short stop, if you are wrong, you are wrong, get over it and wait. {image}
Unchanged; back to 'normal'
  • #5,489
  • Mar 5, 2015 6:09am Mar 5, 2015 6:09am
whats up friends,any thoughts about the dragon?..,(short term intraday)
Patience , perseverance and determination is the key to success .
  • #5,490
  • Edited 6:30am Mar 5, 2015 6:10am | Edited 6:30am
Quoting FX-Ray
{quote} {quote} You're welcome. Template attached. {file}
Market parameters changing... loading sub-routing for adaption. Adaption in progess.. please wait. Done. Starting upload-routine. Uploading....please wait. Process completed. Attaching template... System online:
Attached Image
Attached File(s)
File Type: tpl DP_CW_09_adapted.tpl   9 KB | 341 downloads
  • #5,491
  • Mar 5, 2015 6:19am Mar 5, 2015 6:19am
Quoting PayTheLimit
I like 119.89 as support in the yen now...
Was thinking the same ... if it will hold on a retest, I might consider to buy more.
Fix up, trade sharp ...
  • #5,492
  • Mar 5, 2015 6:23am Mar 5, 2015 6:23am
trade
Attached Image (click to enlarge)
Click to Enlarge Name: trade2.png Size: 336 KB
  • #5,493
  • Mar 5, 2015 6:24am Mar 5, 2015 6:24am
trying to understand Ray's template....cheers Ray
Attached Image
used to be undecided but nowadays can't make my mind up
  • #5,494
  • Mar 5, 2015 6:26am Mar 5, 2015 6:26am
Quoting mrcreosote
trying to understand Ray's template....cheers Ray {image}
WTF
  • #5,495
  • Mar 5, 2015 6:27am Mar 5, 2015 6:27am
Quoting mrcreosote
trying to understand Ray's template....cheers Ray {image}
You're welcome, there is one difference: 183.30/20 > 183.10/00; levels of interest changed here, 182.90/80 became 1/2;
since extended range parameters changed and I adapted the algo, thats it
  • #5,496
  • Mar 5, 2015 6:29am Mar 5, 2015 6:29am
Quoting Petr.K
{quote} WTF
I love gifs
  • #5,497
  • Mar 5, 2015 6:30am Mar 5, 2015 6:30am
Looks like start of Down trend if price close under Chik.. level but now with those fundamentals from ECB im not sure
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 50 KB
  • #5,498
  • Mar 5, 2015 6:34am Mar 5, 2015 6:34am
Quoting FX-Ray
{quote} I love gifs
Mee to and this one is hillarious cant stop laughing
  • #5,499
  • Mar 5, 2015 6:48am Mar 5, 2015 6:48am
For those trading E/U; watch these areas if you trade the press conference or/and Unemployment Claims, you may get great opportunities
Attached Image (click to enlarge)
Click to Enlarge Name: eu_news.png Size: 323 KB
  • #5,500
  • Mar 5, 2015 6:49am Mar 5, 2015 6:49am
Quoting Petr.K
{quote} Mee to and this one is hillarious cant stop laughing
lol
Attached Image
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