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Dragon Riders GBP/JPY

  • #6,401
  • Mar 9, 2015 7:33pm Mar 9, 2015 7:33pm
Quoting goshko147
target 179.50 {image}
the descending triangle is labeled wrong.....though I like the rest...thinkin' about that scenario.....
  • #6,402
  • Mar 9, 2015 7:45pm Mar 9, 2015 7:45pm
Quoting Gbp/jpy
{quote} the descending triangle is labeled wrong.....though I like the rest...thinkin' about that scenario.....
where is the triangle..
i'm sell and we will see who is happy
  • #6,403
  • Mar 9, 2015 8:17pm Mar 9, 2015 8:17pm
i still stay on seller side, possibility to drop within this week
  • #6,404
  • Mar 9, 2015 8:22pm Mar 9, 2015 8:22pm
Quoting stanvy
i still stay on seller side, possibility to drop within this week
The real deal is the weekly barrier at 184.50... I agree we could have a drop around 184 and higher but for now still bullish..

Happy Trades
Focus only on what truly matters!
  • #6,405
  • Mar 9, 2015 8:30pm Mar 9, 2015 8:30pm
Quoting Ata-Turkoglu
{quote} Pending order just triggered..
By the way, I closed my suffering short order earlier with -10 pips.. right now I am long since 183.32 (SL at 183.35)

Happy Trades
Focus only on what truly matters!
  • #6,406
  • Mar 9, 2015 8:40pm Mar 9, 2015 8:40pm
Quoting Ata-Turkoglu
{quote} By the way, I closed my suffering short order earlier with -10 pips.. right now I am long since 183.32 (SL at 183.35) Happy Trades
Closed long manually at 183.70 (+38 pips)

MACD started to show divergence.. 183.70 was an hourly resistance level.. will reload later.. first will wait for a retrace..

Happy Trades
Focus only on what truly matters!
  • #6,407
  • Mar 9, 2015 8:56pm Mar 9, 2015 8:56pm
got 2nd long at the break of 183.6.
will look to add a 3rd at 185.05
  • #6,408
  • Edited 9:23pm Mar 9, 2015 9:00pm | Edited 9:23pm
If 183.60 becomes new support, I'm eyeing 184.30-ish as the first major resistance. We'll also encounter a resistance at 184, but a bullish momentum is more likely to just go through that.

Biggest immediate hurdle for gbp/jpy to overcome (if bullish) is 185.00/184.90, since by then it'll have completed its retracement back to recent highs.

If price does fall below 183.60, we'll probably see range trading or a step or two down to the next fibonacci support.

Update 1: We've re-touched 183.60. Let's see if it acts at support.
  • #6,409
  • Mar 9, 2015 9:39pm Mar 9, 2015 9:39pm
Quoting thegmann
{quote} just checked my phone and my 2nd long got filled @ 182.6 took profit on 1st long from 181.8 at 182.75 setting SL for 182.6 long at around 182.3 doing all this on the fly though as im traveling and busy as well haha. {image}
well just got back in and saw that my long from 182.6 ended with my limit getting hit at 183.1. Was looking to see what would happen around 183.x seems like busted straight through and we just tested 183.7x! If i was watching charts 183.2 looked like another good reload spot when it retested. Lets see what happens here made nice little profit for the day though either way.

Will be looking to see how price reacts around 183.50 may throw another long up here with tight SL try catch break out.
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  • #6,410
  • Mar 9, 2015 11:21pm Mar 9, 2015 11:21pm
Quoting thegmann
{quote} well just got back in and saw that my long from 182.6 ended with my limit getting hit at 183.1. Was looking to see what would happen around 183.x seems like busted straight through and we just tested 183.7x! If i was watching charts 183.2 looked like another good reload spot when it retested. Lets see what happens here made nice little profit for the day though either way. Will be looking to see how price reacts around 183.50 may throw another long up here with tight SL try catch break out. {image} {image}
I will pause any longs for now.. just thinking short atm.. this retrace seems to going to be stick for a while..
Focus only on what truly matters!
  • #6,411
  • Edited 11:54pm Mar 9, 2015 11:24pm | Edited 11:54pm
Quoting Ata-Turkoglu
{quote} I will pause any longs for now.. just thinking short atm.. this retrace seems to going to be stick for a while..
Let's see: rejection at the 50% halfway point between two fib points (183.60, 184). USD/JPY facing resistance at the new resistance of 122, and it's looking a tad bit overbought on the hourly. The usd/jpy doesn't go down now, there's a good chance of it happening after the next leg up, which would possibly open the room for an intraday downward movement for the gbp/jpy as well.

If 183.60 breaks and acts as resistance once more, I'll take a short there.

If 183.60 holds, then I might take a small long-but it'll be smaller than usual. Gbp/jpy is primarily being uplifted by the bullish usd/jpy sentiment, so it's touch and go for now.

Update: I detected a breach; Took a short triggered at 183.610. Initial optimal target is the pivot area of 182.80/70
  • #6,412
  • Mar 9, 2015 11:39pm Mar 9, 2015 11:39pm
Quoting goshko147
{quote} where is the triangle.. i'm sell and we will see who is happy
no, I agree with you......the 15M chart just went bullish in an exttra bullish way lol!!!

eta.....a big crash coming......huh!
  • #6,413
  • Mar 9, 2015 11:46pm Mar 9, 2015 11:46pm
took the short 183.6 SL 183.9...lets see... high probability get stopped out here as my SL is rather tight and I feel 183.9/184 will be tested again but nice resistance at 122 on UJ so lets see if can bring GJ down, especially with some GU sell off as well. Large reward if we topped out here and continue downward.

edit: looking like ok entry lets see...off to bed lets hope in 6 hours were back around 182.8
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  • #6,414
  • Mar 9, 2015 11:56pm Mar 9, 2015 11:56pm
Quoting thegmann
took the short 183.6 SL 183.9...lets see... high probability get stopped out here as my SL is rather tight and I feel 183.9/184 will be tested again but nice resistance at 122 on UJ so lets see if can bring GJ down, especially with some GU sell off as well. Large reward if we topped out here and continue downward. edit: looking like ok entry lets see...off to bed lets hope in 6 hours were back around 182.8{image} {image}
Hah! My words exactly as well. Good to see that we're both on the same side, gman, with virtually the exact same price and target. I just updated my previous post only to see that you've beaten me to the punch by 8 minutes.
  • #6,415
  • Mar 9, 2015 11:57pm Mar 9, 2015 11:57pm
Quoting thegmann
took the short 183.6 SL 183.9...lets see... high probability get stopped out here as my SL is rather tight and I feel 183.9/184 will be tested again but nice resistance at 122 on UJ so lets see if can bring GJ down, especially with some GU sell off as well. Large reward if we topped out here and continue downward. edit: looking like ok entry lets see...off to bed lets hope in 6 hours were back around 182.8 {image} {image}
Wish you luck.. I am already short since 183.77.. will try to add another short once price retests that level 183.65/75

Happy Trades
Focus only on what truly matters!
  • #6,416
  • Mar 9, 2015 11:58pm Mar 9, 2015 11:58pm
Quoting Vermillion
{quote} Hah! My words exactly as well. Good to see that we're both on the same side, gman, with virtually the exact same price and target. I just updated my previous post only to see that you've beaten me to the punch by 8 minutes.
hehe nice entry

might I inquire as to both of you guys stops if you don't mind saying tighter than 183.9?
  • #6,417
  • Mar 10, 2015 12:04am Mar 10, 2015 12:04am
weve made nothing but higher highs and higher lows. imo breaking 184 opens the door to heaven. we almost made it there a few min ago. be patient. can always get in if indeed it will turn bullish. 30 pips wont make or break you.

if im wrong so be it, but im staying long. sl set at 183.4. jpy still looking weak to me. hoping this thing keeps letting the 50 sma push it over the threshold
  • #6,418
  • Mar 10, 2015 12:10am Mar 10, 2015 12:10am
Quoting raiders
weve made nothing but higher highs and higher lows. imo breaking 184 opens the door to heaven. we almost made it there a few min ago. be patient. can always get in if indeed it will turn bullish. 30 pips wont make or break you. if im wrong so be it, but im staying long. sl set at 183.4. jpy still looking weak to me. hoping this thing keeps letting the 50 sma push it over the threshold
oh don't worry im still long term bullish and i rode it up from 181.6 earlier today just testing a short here level seems good and resistance in other pound/yen pairs makes it tempting, we may still be in for a bit more pull back to around 180 before the final push up.
  • #6,419
  • Mar 10, 2015 12:35am Mar 10, 2015 12:35am
Quoting PayTheLimit
did a little more homework on GY...two levels I marked are 184.38 and 182.86, will look for some action off those in some capacity...night all
well still gonna hang my hat on these, bulls did manage a HH on the 4hr now, so I'd have to say that buying a pullback would be the way to go...
Look Sharp/Trade Tight
  • #6,420
  • Mar 10, 2015 1:34am Mar 10, 2015 1:34am
oh ... looks like I was asleep during my setup lol ... nvm, so I will do nothing.
Fix up, trade sharp ...
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