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Dragon Riders GBP/JPY

  • #7,181
  • Mar 12, 2015 8:10pm Mar 12, 2015 8:10pm
Quoting raiders
so, on the 4h GJ chart we have a bearish butterfly thats just completed C. 191 is the target price. Maybe we go up now
if uj comes back down from 121.66 and gu keeps falling then we could see 177.98 after testing 181.58...
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Money is made by sitting, not trading. Jesse L. Livermore
  • #7,182
  • Mar 12, 2015 8:32pm Mar 12, 2015 8:32pm
Quoting sam69
{quote} if uj comes back down from 121.66 and gu keeps falling then we could see 177.98 after testing 181.58... {image}
I agree. it was a hard bounce though. ive got a small long out there just in case. will buy more if it runs a bit. only other position i have open right now is gbpaud short to 1.915 and i dont see this getting in the way of that as long as the dollar keeps its current path north
  • #7,183
  • Mar 12, 2015 9:50pm Mar 12, 2015 9:50pm
The Dragon

Weekly continues to come down on wave 3, the money wave..............

The Daily is short picking up steam..........

H4 has 3 stochastics converging, the ADX has all 5 speeds positive and the RSIoma has broke below the 20 level.

PA has gone past the Monthly pivot by 120 pips so far..............

H1 is in a trend downward at this time............

M15 is mixed and looking at the new daily pivot around 180.8667
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The More You Learn, The More You Earn.....
  • #7,184
  • Mar 12, 2015 11:29pm Mar 12, 2015 11:29pm
This maybe a silly question. But I'm still learning, so hope you don't mind my asking. Does this mean mixed signals? Do nothing? Which break outs are next on either side?

Quoting forexalien
The Dragon Weekly continues to come down on wave 3, the money wave.............. The Daily is short picking up steam.......... H4 has 3 stochastics converging, the ADX has all 5 speeds positive and the RSIoma has broke below the 20 level. PA has gone past the Monthly pivot by 120 pips so far.............. H1 is in a trend downward at this time............ M15 is mixed and looking at the new daily pivot around 180.8667 {image} {image}
  • #7,185
  • Mar 13, 2015 12:02am Mar 13, 2015 12:02am
Short at 180.537. Hard SL at 181, soft SL probably halfway between the trade position price & 181. Initial target is 179.50. Trading size = slightly below average.

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Also currently shorting eur/usd from 1.06284, targets. at 1.0500 and below. Trading size is average. Good luck to everyone on Friday.
  • #7,186
  • Mar 13, 2015 12:06am Mar 13, 2015 12:06am
I update and drag this thing out every so often. A view of GJ, otherwise known as ' Three years in the life of a reluctant little trend line '


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  • #7,187
  • Mar 13, 2015 12:10am Mar 13, 2015 12:10am
Quoting Mpt
I update and drag this thing out every so often. A view of GJ, otherwise known as ' Three years in the life of a reluctant little trend line ' {image}
Very informative long term (1yr+) outlook. I'm liking the new lows & new highs
  • #7,188
  • Mar 13, 2015 12:31am Mar 13, 2015 12:31am
Quoting Vermillion
{quote} Very informative long term (1yr+) outlook. I'm liking the new lows & new highs
Yeah, it's not really an outlook, or a 'view'. It's three years of facts. I have no idea how far it may fall this time or if 'this time it's real', but the 'underlying theme' is that every time it drops out, recent history suggests there's always some fiendish bastard waiting in the shadows to send it back up again.
  • #7,189
  • Mar 13, 2015 1:01am Mar 13, 2015 1:01am
But, again, it should be noted that GJ sits today exactly where GU sat 6 days ago. If GJ had kept up with GU, we would be around 173 now.
  • #7,190
  • Mar 13, 2015 2:44am Mar 13, 2015 2:44am
Morning ... tight range, time to grab a tea and wait ...
Fix up, trade sharp ...
  • #7,191
  • Mar 13, 2015 2:49am Mar 13, 2015 2:49am
I'm feeling lucky so took a short punt at 180.62 SL .800 TP 179.5
May pay off, may not. Either way I've got some time today to sit in front of the markets so strapping in with coffee.
  • #7,192
  • Mar 13, 2015 3:17am Mar 13, 2015 3:17am
UJ has attempted to break up in what could be a continuation, but thus far is failing ... ie a reversal becomes more POSSIBLE
  • #7,193
  • Mar 13, 2015 3:18am Mar 13, 2015 3:18am
It could go either way here to test last lows or go right down from this range ... nothing but waiting mode.

http://fishingbooker.com/blog/media/fishing.jpg
Fix up, trade sharp ...
  • #7,194
  • Mar 13, 2015 3:23am Mar 13, 2015 3:23am
Attempt to short AUD/USD, but might close soon if it does not develop any momentum.
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Fix up, trade sharp ...
  • #7,195
  • Mar 13, 2015 3:30am Mar 13, 2015 3:30am
EURUSD Fibonacci Sequence does ist work or not ???

Levels for shorts

1.0764.5
1.0722.7
1.0687.5
1.0652.4
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  • #7,196
  • Mar 13, 2015 3:32am Mar 13, 2015 3:32am
Quoting Hickson
Attempt to short AUD/USD, but might close soon if it does not develop any momentum. {image}
Hicks, what are your levels on this? Here's mine.

http://www.forexfactory.com/showthre...35#post8133735​
Lost....
  • #7,197
  • Mar 13, 2015 3:35am Mar 13, 2015 3:35am
Quoting gespiri
{quote} Hicks, what are your levels on this? Here's mine. http://www.forexfactory.com/showthre...35#post8133735​
Hi gespiri, I have 0.7735-07750 as supply area. Currently sitting right under H4 PP, so gave it a chance.
Fix up, trade sharp ...
  • #7,198
  • Mar 13, 2015 3:38am Mar 13, 2015 3:38am
Quoting Schickeria
EURUSD Fibonacci Sequence does ist work or not ??? Levels for shorts 1.0764.5 1.0722.7 1.0687.5 1.0652.4 {image}
Morning Schick, Maybe test of 1.0730-60 area to short for a good return?
Fix up, trade sharp ...
  • #7,199
  • Mar 13, 2015 3:40am Mar 13, 2015 3:40am
Quoting Hickson
{quote} Hi gespiri, I have 0.7735-07750 as supply area. Currently sitting right under H4 PP, so gave it a chance.
44-49 is actually the daily and weekly PP. We'll wait and see what happens.
Lost....
  • #7,200
  • Mar 13, 2015 3:43am Mar 13, 2015 3:43am
Quoting Schickeria
EURUSD Fibonacci Sequence does ist work or not ??? Levels for shorts 1.0764.5 1.0722.7 1.0687.5 1.0652.4 {image}
Herr Augustiner! Looks interesting.....I'll keep an eye out. I tend to stay away from this pair since it's too volatile for my funds.
Lost....
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