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Dragon Riders GBP/JPY

  • #6,021
  • Mar 7, 2015 6:53am Mar 7, 2015 6:53am
Quoting FX-Ray
{quote} I admit it buddy; and as I told in Post #4948, I got long for a high probability reversal, since its ahead of weekend trade size is humble waiting for next week {image}
Hi Ray

its my first time post here,I would like to ask about the left side of the picture, the volume is forex future volume?

thx a lot.
  • #6,022
  • Edited 9:14am Mar 7, 2015 9:04am | Edited 9:14am
Quoting blueface
{quote} Hi Ray its my first time post here,I would like to ask about the left side of the picture, the volume is forex future volume? thx a lot.
尊敬的先生 blueface;

there is no way to determine the true volume in FX; these levels are levels of interest and mostly represents turnovers which are represtations of orderflow. The absolute value of those DPs is irrelevant, more important is the location and its characteristics. 我希望我能幫助他們

親切的問候
  • #6,023
  • Edited Mar 8, 2015 12:36am Mar 7, 2015 12:21pm | Edited Mar 8, 2015 12:36am
Quoting FX-Ray
Im also done, I wish everyone a nice weekend and hope you enjoyed the week trading, I recommend you watching Pi - The film over the weekend - some therapy for you holy grail syndrom Peace and out https://www.youtube.com/watch?v=mII9NZ8MMVM​
Wow, Pi - The film is a very interesting movie FX-Ray. Great to be part of this forum. Have a great weekend!
  • #6,024
  • Mar 7, 2015 5:34pm Mar 7, 2015 5:34pm
Quoting FX-Ray
{quote} 尊敬的先生 blueface; there is no way to determine the true volume in FX; these levels are levels of interest and mostly represents turnovers which are represtations of orderflow. The absolute value of those DPs is irrelevant, more important is the location and its characteristics. 我希望我能幫助他們 親切的問候
Yes, it is a decentralized market, so volume indicators mean nothing in my view. In stocks, the story might be different ...
Fix up, trade sharp ...
  • #6,025
  • Edited Mar 8, 2015 3:19am Mar 7, 2015 5:58pm | Edited Mar 8, 2015 3:19am
Purely in the context of a 'continuation' pattern, I would anticipate an attempt to get up from around here to 180.8/180.3 for an attempt at 183 and 184.

Only in the event of a break over 185 though would it run higher towards 187.8- but any fall back from higher would still have to then hold above the 183 pivot. That would be a text book continuation.
​
Below 179.5 it negates any short/medium term upward continuation and possibly heads for about 173 before another bounce.

Whatever the path, it has to hold onto 182.5/183. Over time, though, continued fails in this area could well suggest a reversal back to about 15x.

​​It comes down to whether 189.7 was really the peak.
  • #6,026
  • Mar 7, 2015 9:34pm Mar 7, 2015 9:34pm
Quoting FX-Ray
{quote} 尊敬的先生 blueface; there is no way to determine the true volume in FX; these levels are levels of interest and mostly represents turnovers which are represtations of orderflow. The absolute value of those DPs is irrelevant, more important is the location and its characteristics. 我希望我能幫助他們 親切的問候
Hi Ray

Thanks for your teaching.

thx a lot.
  • #6,027
  • Mar 8, 2015 1:36am Mar 8, 2015 1:36am
for GY, I'd look for longs at 179.34 this week...in the Aussie, I'd try some shorts at 7752...thats all that looks intersting thus far....enjoy the weekend...
Look Sharp/Trade Tight
  • #6,028
  • Mar 8, 2015 4:51am Mar 8, 2015 4:51am
Quoting PayTheLimit
for GY, I'd look for longs at 179.34 this week...in the Aussie, I'd try some shorts at 7752...thats all that looks intersting thus far....enjoy the weekend...
mate where you see E/U, I know its going down and down but you think this madness continue without any surprise?
  • #6,029
  • Mar 8, 2015 4:55am Mar 8, 2015 4:55am
Quoting blueface
{quote} Hi Ray Thanks for your teaching. thx a lot.
不用謝
  • #6,030
  • Edited 5:14am Mar 8, 2015 4:58am | Edited 5:14am
Quoting Hickson
{quote} Yes, it is a decentralized market, so volume indicators mean nothing in my view. In stocks, the story might be different ...
Right Hicks, even with Stocks since volume is available its useless imho, it gives you know clue about where market is tending to come up with; what I really care of are the levels of interest, volume is a byproduct.

Add: It takes one unexpected big order to wipe out your whole volume analysis
  • #6,031
  • Mar 8, 2015 5:48am Mar 8, 2015 5:48am


Inserted Video
  • #6,032
  • Mar 8, 2015 5:57am Mar 8, 2015 5:57am
Thats so forex...
  • #6,033
  • Mar 8, 2015 6:39am Mar 8, 2015 6:39am
Quoting FX-Ray
https://www.youtube.com/watch?v=kVTPwPh7ioU
Ghost Rider - WWTBMD?
  • #6,034
  • Mar 8, 2015 6:43am Mar 8, 2015 6:43am
Quoting FX-Ray
https://www.youtube.com/watch?v=kVTPwPh7ioU
http://upload.wikimedia.org/wikipedi...ccis_Traum.jpg
Fix up, trade sharp ...
  • #6,035
  • Mar 8, 2015 6:46am Mar 8, 2015 6:46am
Quoting PayTheLimit
for GY, I'd look for longs at 179.34 this week...in the Aussie, I'd try some shorts at 7752...thats all that looks intersting thus far....enjoy the weekend...
Interesting, weekly close was pretty bearish breaking support so might get there ... in Aussie I do not know ... will it even get up there? lol Was daily support though ...
Fix up, trade sharp ...
  • #6,036
  • Mar 8, 2015 7:24am Mar 8, 2015 7:24am
Quoting wimschutz
{quote} Wow, Pi - The film is a very interesting movie FX-Ray. Great to be part of this forum. Have a great weekend!
Hi wimschutz,

glad you liked it One of my fav..
  • #6,037
  • Mar 8, 2015 7:33am Mar 8, 2015 7:33am
Quoting Hickson
{quote} {image}

​Someone loves their Fibonacci series
  • #6,038
  • Mar 8, 2015 7:54am Mar 8, 2015 7:54am
Quoting Mpt
{quote} ​Someone loves their Fibonacci series
Without love, what would we have?
Fix up, trade sharp ...
  • #6,039
  • Mar 8, 2015 7:56am Mar 8, 2015 7:56am
Quoting FX-Ray
{quote} Hi wimschutz, glad you liked it One of my fav..
Still looking where to get this ... it is quite "old". Might get this as a used DVD or so.

oh ... there we go http://snipurl.com/29r41xq
Fix up, trade sharp ...
  • #6,040
  • Mar 8, 2015 8:02am Mar 8, 2015 8:02am
Quoting Hickson
{quote} Still looking where to get this ... it is quite "old". Might get this as a used DVD or so. oh ... there we go http://snipurl.com/29r41xq
There are also other ways, just saying xD
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