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Dragon Riders GBP/JPY

  • #6,721
  • Mar 10, 2015 3:13pm Mar 10, 2015 3:13pm
181.50 major pivot; keep an eye on it
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Click to Enlarge Name: 181.50.png Size: 59 KB
  • #6,722
  • Mar 10, 2015 3:43pm Mar 10, 2015 3:43pm
Although Ichimoku is still asleep, both MACD and RSI already giving signals for a retrace or a reversal on 15 min...

I am risking a long at 182.45, will add to it once ichimoku gives me a TK cross..

Happy Trades
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Click to Enlarge Name: GJ-Retrace.jpg Size: 468 KB
Focus only on what truly matters!
  • #6,723
  • Mar 10, 2015 3:47pm Mar 10, 2015 3:47pm
....and one more thing I noticed: I subscribed to many other threads and I can guarantee you, this thread has the most talkative, postative, sharing and discussing people on FF... great pleasure to see how quick this grows.. 225 pages so far.. congrats to FX-Ray and to all highly active members

Happy Trades
Focus only on what truly matters!
  • #6,724
  • Mar 10, 2015 4:16pm Mar 10, 2015 4:16pm
short uj. target price is 119.87
  • #6,725
  • Mar 10, 2015 4:19pm Mar 10, 2015 4:19pm
I like this website and their clean analysis.. thought it is worth to share..

http://www.realtimeforex.com/technical-analysis/

Happy Trades
Focus only on what truly matters!
  • #6,726
  • Mar 10, 2015 4:41pm Mar 10, 2015 4:41pm
Charts & current price movement looks to be bearish....for some inexplicable reason, I decided to keep my longs. I don't feel too confident though-SL is pretty tight now.

Still don't understand why I get a small gut feeling to keep it. At any rate, I'll come out on top for the week even if this long fails, so I guess that's that.

The best sort of trade is one in which you're not afraid to lose, in my opinion. If it works, it works. If not, then so be it.
  • #6,727
  • Mar 10, 2015 4:43pm Mar 10, 2015 4:43pm
Quoting Vermillion
Charts & current price movement looks to be bearish....for some inexplicable reason, I decided to keep my longs. I don't feel too confident though-SL is pretty tight now. Still don't understand why I get a small gut feeling to keep it. At any rate, I'll come out on top for the week even if this long fails, so I guess that's that. The best sort of trade is one in which you're not afraid to lose, in my opinion. If it works, it works. If not, then so be it.
182 is roughly where my stop losses are..
Focus only on what truly matters!
  • #6,728
  • Mar 10, 2015 4:45pm Mar 10, 2015 4:45pm
Quoting Ata-Turkoglu
{quote} 182 is roughly where my stop losses are..
181.950 here. Just couldn't resist getting that extra 5 pips below a whole number in case of stop hunt.
  • #6,729
  • Mar 10, 2015 4:46pm Mar 10, 2015 4:46pm
Quoting Vermillion
{quote} 181.950 here. Just couldn't resist getting that extra 5 pips below a whole number in case of stop hunt.
Ok for you I make it 181.995 then
Focus only on what truly matters!
  • #6,730
  • Mar 10, 2015 4:50pm Mar 10, 2015 4:50pm
Quoting Ata-Turkoglu
{quote} Ok for you I make it 181.995 then
That might actually work, you know. Price seems to be retesting 182.40/30; let's see if it holds

Currently busy eyeing the eur/usd to spike up. That thing WILL spike at least once between now and summer, when the QE starts to kick in full force and European economies show their expected (semi) recovery. And then I'll probably add my foot in along with countless other traders who will stomp that thing back down. Here's to hoping for parity within the year!
  • #6,731
  • Mar 10, 2015 4:51pm Mar 10, 2015 4:51pm
Quoting FX-Ray
181.50 major pivot; keep an eye on it {image}
it most certainly is
Attached Image (click to enlarge)
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  • #6,732
  • Mar 10, 2015 4:57pm Mar 10, 2015 4:57pm
Nice.. fake last drop is over.. run baby run
Focus only on what truly matters!
  • #6,733
  • Mar 10, 2015 4:58pm Mar 10, 2015 4:58pm
Quoting Vermillion
{quote} That might actually work, you know. Price seems to be retesting 182.40/30; let's see if it holds Currently busy eyeing the eur/usd to spike up. That thing WILL spike at least once between now and summer, when the QE starts to kick in full force and European economies show their expected (semi) recovery. And then I'll probably add my foot in along with countless other traders who will stomp that thing back down. Here's to hoping for parity within the year!
Lol.. carpe diem buddy.. live your now.. don't go too far away.. miss the summer though
Focus only on what truly matters!
  • #6,734
  • Mar 10, 2015 5:12pm Mar 10, 2015 5:12pm
Quoting Ata-Turkoglu
Nice.. fake last drop is over.. run baby run
Not quite; still have to overcome 182.80 & 183.10/00. If 183 is positive though, I'll gun for 184 as optimal initial profit taking zone (with a eye for 183.60).

On the plus side.....my gut seems to be right! I guess it deserves another well earned meal outside. I'd go for sushi, but so many "fashionable" restaurants with brand names often fail to live up to their name. There's this one sushi place in California that cost me well over $1000 for a party of 8, and while it wasn't bad, it was too seasoned to the point that not enough of the natural flavors of the fish were left. Oysters were okay, at least. A lot of upscale restaurants in the United States of America tends to do this: overpriced food that aren't worth their salt in taste or accessibility.

Ah, what am I saying. I'll just go with pasta. Nothing can go wrong with pasta.
  • #6,735
  • Mar 10, 2015 5:19pm Mar 10, 2015 5:19pm
Quoting Vermillion
{quote} Not quite; still have to overcome 182.80 & 183.10/00. 183 is positive though, I'll gun for 184 as optimal initial profit taking zone (with a eye for 183.60).
Well I am pretty certain we are going North.. 15 min. candle closed nicely above Ichimoku-Kijun line.. we might see several retests to 182.52, but uptrend is building itself more and more..
Focus only on what truly matters!
  • #6,736
  • Mar 10, 2015 5:25pm Mar 10, 2015 5:25pm
Quoting Ata-Turkoglu
{quote} Well I am pretty certain we are going North.. 15 min. candle closed nicely above Ichimoku-Kijun line.. we might see several retests to 182.52, but uptrend is building itself more and more..
Rule #1 of trading: Always assume the worst case scenario.

Rule #2 of trading: Intuition is more than gut feeling; it is the subconscious culmination of all your trading experience.

I'm tempted to be cynical, but rule #2 prevents me from doing so. Not that I really mind; we're all in this together anyways. Speaking of which, what targets are you aiming for after 183.60 (if it does go past that)?
  • #6,737
  • Mar 10, 2015 5:31pm Mar 10, 2015 5:31pm
Quoting Vermillion
{quote} Rule #1 of trading: Always assume the worst case scenario. Rule #2 of trading: Intuition is more than gut feeling; it is the subconscious culmination of all your trading experience. I'm tempted to be cynical, but rule #2 prevents me from doing so. Not that I really mind; we're all in this together anyways. Speaking of which, what targets are you aiming for after 183.60 (if it does go past that)?
Okay I see.. these are my bumpy target levels:

-182.68
-183.00
-183.14
-183.25 (here I am thinking of closing my longs)
-183.32
-183.50
Focus only on what truly matters!
  • #6,738
  • Edited 7:23pm Mar 10, 2015 6:54pm | Edited 7:23pm
My logic suggests that this (whole move since Feb) is a bullish correction and after proceeding down a little lower towards 181/ 180.9/180.4, it will move to break 184/185 and attempt to run up.

However, that same logic is tempered by the close similarity here to the moves between mid December through until 31 Dec, then a recovery to a lower high - we sit at the equivalent right now of about 2 January and yesterday it fell from the equivalent of 187.2 on 1 Jan 15.

Back in January, 184 should have stopped the fall but it broke through, with even a small gap. Is 181/180x the new 184?

add: the point of bounce this week from 181.5 represented a place where it would have met THAT trend line - the one it has pursued and tried to get above/stay above since 116. Why the heck didn't that give it enough strength to carry on up? And why does it appear to be heading back there to break it???
  • #6,739
  • Mar 10, 2015 7:35pm Mar 10, 2015 7:35pm
Quoting FX-Ray
181.50 major pivot; keep an eye on it {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH43102.jpg Size: 274 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #6,740
  • Mar 10, 2015 7:46pm Mar 10, 2015 7:46pm
Hi,

Anyone on GN? Still struggling at RL 2.07810
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