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Dragon Riders GBP/JPY

  • #6,441
  • Mar 10, 2015 3:40am Mar 10, 2015 3:40am
Quoting FX-Ray
{quote} {quote} Hope that answer your question. {image}
are you know what are doing the market
  • #6,442
  • Mar 10, 2015 3:40am Mar 10, 2015 3:40am
Quoting FX-Ray
{quote} you proved patience, great job working Add: DP 183.70/60 became 183.60/50; market parameters changed, so watch 183.60/50
Thank you buddy! Have set the stop at 183.17, if I get stopped out, will wait on the sideline for now!

EU looks very interesting at the minute, taken a little long @ 1.0772 with stop at 1.0762 for a short scalp, tight stop.
  • #6,443
  • Mar 10, 2015 3:41am Mar 10, 2015 3:41am
​​This move went too far to be a wave 4, so probably as our friend has drawn, a b wave. I realize that means little to most folks, but a b wave breaks former resistance on the way up/down. Translation....many former s/r are recognized but mean little. The next C wave runs to support which is often approximated as being equal in length to the first move down.
  • #6,444
  • Mar 10, 2015 3:41am Mar 10, 2015 3:41am
Quoting workingforex
{quote} Thank you buddy! Have set the stop at 183.17, if I get stopped out, will wait on the sideline for now! EU looks very interesting at the minute, taken a little long @ 1.0772 with stop at 1.0762 for a short scalp, tight stop.
pay attention to 183.10/00
  • #6,445
  • Mar 10, 2015 3:42am Mar 10, 2015 3:42am
Sl hit at 40. I'm out until more clarity. Might just put a buy at 184.1 and wait. Not sure. At first glance looking like consolidation and I don't care for ping pong, but direction is not clear to me.
  • #6,446
  • Mar 10, 2015 3:46am Mar 10, 2015 3:46am
Quoting FX-Ray
G/J current {image}
if 25 gets taken out we should see DP 183.10/00; if 25 positive I take profits and wait for next DP
  • #6,447
  • Mar 10, 2015 3:46am Mar 10, 2015 3:46am
Quoting FX-Ray
{quote} {quote} Hope that answer your question. Add: TP 183.10/00 + reverse if positive {image}
love this mentality of accepting you're wrong and switching on a pfennig
used to be undecided but nowadays can't make my mind up
  • #6,448
  • Mar 10, 2015 3:49am Mar 10, 2015 3:49am
Quoting FX-Ray
{quote} pay attention to 183.10/00
EU got stopped out, interesting morning! Will be careful!
  • #6,449
  • Mar 10, 2015 3:50am Mar 10, 2015 3:50am
Garsty chop ups! Near to being stopped out for the second time for 1 % today. I will go to the library now as nothing good for me presents itself in the market.
Fix up, trade sharp ...
  • #6,450
  • Mar 10, 2015 3:51am Mar 10, 2015 3:51am
Anyway 183.60/50 is a good example how I behave when price is oscillating around a DP.
If you ever see such behaviour of price around a DP, it should be ignored and you should pay attention to the next.
This observation must no be true in the future, if price comes back to the DP at a later time it may behave like before but its important to know when to ignore them too. Currently its pivotal, so in doubt wait for the next. Thats how I do it.

DP 184.20/10 - probable target
DP 183.60/50 - pivotal
DP 183.10/00 - probable support
Attached Image (click to enlarge)
Click to Enlarge Name: pivotal.png Size: 48 KB
  • #6,451
  • Mar 10, 2015 3:52am Mar 10, 2015 3:52am
Quoting FX-Ray
Anyway 183.60/50 is a good example how I behave when price is oscillating around a DP. If you ever see such behaviour of price around a DP, it should be ignored and you should pay attention to the next. This observation must no be true in the future, if price comes back to the DP at a later time it may behave like before but its important to know when to ignore them too. Currently its pivotal, so in doubt wait for the next. Thats how I do it. {image}
You are right, it is just noise ... laters.
Fix up, trade sharp ...
  • #6,452
  • Mar 10, 2015 3:54am Mar 10, 2015 3:54am
Quoting Hickson
{quote} You are right, it is just noise ... laters.
laters buddy
  • #6,453
  • Edited 4:04am Mar 10, 2015 3:56am | Edited 4:04am
Quoting mrcreosote
{quote} love this mentality of accepting you're wrong and switching on a pfennig
market gives you instant feedback, ignoring this will end up in overtrading and shorting a rising market over and over again and vice versa until broke.
If its not going up, its going down and if neither one nor other works its ranging.
  • #6,454
  • Mar 10, 2015 4:02am Mar 10, 2015 4:02am
Missed all the action. Damn it lol
  • #6,455
  • Mar 10, 2015 4:02am Mar 10, 2015 4:02am
Quoting stanvy
{quote} the party almost get started! it will make another high around 183.6/4 before it make a drop again
Probability to 183.60 then, will have another drop after that
  • #6,456
  • Mar 10, 2015 4:03am Mar 10, 2015 4:03am
Quoting FX-Ray
{quote} market gives you instant feedback, ignoring this will end up in overtrading and shorting a rising market over and over again and vice versa until broke. If its not going up, its going down and if neither one doesnt work its ranging.
Yes, beware the 'chop'
Attached Image
used to be undecided but nowadays can't make my mind up
  • #6,457
  • Mar 10, 2015 4:12am Mar 10, 2015 4:12am
E/U:

euro weak..
Attached Image (click to enlarge)
Click to Enlarge Name: weak.png Size: 303 KB
  • #6,458
  • Mar 10, 2015 4:17am Mar 10, 2015 4:17am
Quoting FX-Ray
E/U: euro weak.. {image}
Interesting number that 1.0842 - was last week's close :nerd:
used to be undecided but nowadays can't make my mind up
  • #6,459
  • Mar 10, 2015 4:19am Mar 10, 2015 4:19am
Quoting FX-Ray
G/J current {image}
25 rejected.
  • #6,460
  • Mar 10, 2015 4:19am Mar 10, 2015 4:19am
Quoting mrcreosote
{quote} Interesting number that 1.0842 - was last week's close :nerd:
Anyone of you guys have a approach just trading Daily/Weekly H/L/C ?
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