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Dragon Riders GBP/JPY

  • #7,301
  • Mar 13, 2015 7:53am Mar 13, 2015 7:53am
Quoting Hickson
{quote} And tp hit after keeping my cool
Impressive
  • #7,302
  • Mar 13, 2015 7:54am Mar 13, 2015 7:54am
Quoting FX-Ray
{quote} These are just significant points, I'd like to know if you can find similarities within your methodology. You're welcome Alien
My system will only turn at your significant points, I can not predict your levels, but I can tell when we get to one, and if it looks like it will bounce or the trend will continue.
The More You Learn, The More You Earn.....
  • #7,303
  • Mar 13, 2015 7:54am Mar 13, 2015 7:54am
What is the retracement level and when?
Lost....
  • #7,304
  • Mar 13, 2015 7:55am Mar 13, 2015 7:55am
Quoting FX-Ray
{quote} You shorted this buddy? Entry?
no I was short the other day from 180.8 but i TP at 180.3 after target was hit and never re entered after we went up and retest 180.6 cause I was out . I was waiting for 179.5 reaction and we just seemed to blow by it so just sitting on my hands right now.
  • #7,305
  • Mar 13, 2015 7:55am Mar 13, 2015 7:55am
Quoting thegmann
nice woke up and we're prettty much at 179.5 Lets see the reaction here wasnt up to short at 180.6 went out drinking last night haha but will look for action here. edit: looks like we just blew right by haha where's next DP 178.8/7? {image} {image}
I think we should see some reaction here, maybe a test of 1/2 179.95/85; if 1/2 is support even a test of DP 180.40/30; if 1/2 179.95/85 is resistance we could see a break of DP 179.50/40 to 1/2 178.85/75; in doubt just wait and watch since we know the significant levels
  • #7,306
  • Mar 13, 2015 7:59am Mar 13, 2015 7:59am
Quoting NicMilani
Hey dragon riders is anyone using strictly a Price action strategy? if so would you please share as my strategies have let me down this week and always looking for fresh simple ideas. I say simple because too many indicators just junk up my charts and cause me confusion and stress. Thanks in advance for your input
GJ M15

One last current chart and then Alien must Fly...............
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The More You Learn, The More You Earn.....
  • #7,307
  • Mar 13, 2015 7:59am Mar 13, 2015 7:59am
Quoting forexalien
{quote} My system will only turn at your significant points, I can not predict your levels, but I can tell when we get to one, and if it looks like it will bounce or the trend will continue.
I see, thanks. I just want to make very clear I didnt start this thread because of my personal enrichment or ego-garbage. If you can help others, go ahead and feel free to contribute. Just saying
  • #7,308
  • Mar 13, 2015 8:02am Mar 13, 2015 8:02am
Quoting FX-Ray
{quote} I think we should see some reaction here, maybe a test of 1/2 179.95/85; if 1/2 is support even a test of DP 180.40/30; if 1/2 179.95/85 is resistance we could see a break of DP 179.50/40 to 1/2 178.85/75; in doubt just wait and watch since we know the significant levels
ok yeah Im wating 178.8 area as well and then 179.8 area above for reaction to get in. I'm more interested in getting into a good GU short now though...Looks like we're going down down down.
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  • #7,309
  • Mar 13, 2015 8:07am Mar 13, 2015 8:07am
Quoting thegmann
{quote} ok yeah Im wating 178.8 area as well and then 179.8 area above for reaction to get in. I'm more interested in getting into a good GU short now though...Looks like we're going down down down. {image}
Yeah, it is crazy ... would not have thought so while GU was here:
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Fix up, trade sharp ...
  • #7,310
  • Mar 13, 2015 8:09am Mar 13, 2015 8:09am
Quoting Hickson
{quote} Yeah, it is crazy ... would not have thought so while GU was here: {image}
kicking myself a bit for closing out of my 1.555 short so early at 1.54 and never jumping back in and just forgetting about GU lol.
  • #7,311
  • Mar 13, 2015 8:12am Mar 13, 2015 8:12am
Took profits on GBP/JPY short at 179.50, took a scalping long at same price. Probably going to target 20-50 pips in profit, or BE if it comes to that. 180.00/40 will be a decent area to add another short, provided that bearish trend remains largely unchanged.
  • #7,312
  • Mar 13, 2015 8:12am Mar 13, 2015 8:12am
Quoting thegmann
{quote} kicking myself a bit for closing out of my 1.555 short so early at 1.54 and never jumping back in and just forgetting about GU lol.
Yes, we talked about this. But one thing is for sure: There is always a new opportunity.
Fix up, trade sharp ...
  • #7,313
  • Mar 13, 2015 8:15am Mar 13, 2015 8:15am
Quoting Hickson
{quote} Yes, we talked about this. But one thing is for sure: There is always a new opportunity.
Yep, I'm taking big shot at 178.85 for GJ I will short this to there today if i can get good entry. I had 178.85 as DP and also matches up with 50% fibo retrace on daily and close to rising trendline/wedge on daily. I would expect big buying there price should also be drawn there today.
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  • #7,314
  • Mar 13, 2015 8:18am Mar 13, 2015 8:18am
Quoting thegmann
{quote} Yep, I'm taking big shot at 178.85 for GJ I will short this to there today if i can get good entry. I had 178.85 as DP and also matches up with 50% fibo retrace on daily and close to rising trendline/wedge on daily. I would expect big buying there price should also be drawn there today.
I agree. That area is former demand, so if there are unfilled orders from where the panic started we got a good chance to reload our guns there.
Fix up, trade sharp ...
  • #7,315
  • Mar 13, 2015 8:20am Mar 13, 2015 8:20am
Quoting Hickson
{quote} I agree. That area is former demand, so if there are unfilled orders from where the panic started we got a good chance to reload our guns there.
I just love how nicely fibo's work on a daily chart...the DP and everything just line right up it's so perfect haha. Price respects daily fibos so much.

Hoping we can get a retest of 179.6 again right here so i can short it down to 178.85
  • #7,316
  • Mar 13, 2015 8:22am Mar 13, 2015 8:22am
Quoting thegmann
{quote} I just love how nicely fibo's work on a daily chart...the DP and everything just line right up it's so perfect haha. Price respects daily fibos so much.
I found the same with daily closing prices

Add: Does DPs help you to filter out the important ones?
  • #7,317
  • Mar 13, 2015 8:23am Mar 13, 2015 8:23am
Quoting thegmann
{quote} I just love how nicely fibo's work on a daily chart...the DP and everything just line right up it's so perfect haha. Price respects daily fibos so much. Hoping we can get a retest of 179.6 again right here so i can short it down to 178.85
True. It is like order in chaos we cannot understand as humans.
Fix up, trade sharp ...
  • #7,318
  • Mar 13, 2015 8:26am Mar 13, 2015 8:26am
Quoting FX-Ray
{quote} I found the same with daily closing prices Add: Does DPs help you to filter out the important ones?
Definitely it adds alot of confirmation to them about which fibos will be respected and which ones might just be a pretty line. A DP and a fibo together is a powerful area couple in the fact that on GJ it just so happens 178.85 is a major DP and the big 50% daily fibo and near rising TL I would expect alot of action here. Also its the point that we broke out of that consolidation phase between 179-176
  • #7,319
  • Mar 13, 2015 8:29am Mar 13, 2015 8:29am
Quoting FX-Ray
{quote} I see, thanks. I just want to make very clear I didnt start this thread because of my personal enrichment or ego-garbage. If you can help others, go ahead and feel free to contribute. Just saying

and most certainly I can Vouch by that!
  • #7,320
  • Mar 13, 2015 8:30am Mar 13, 2015 8:30am
Hmmm. .. the more I am thinking about it, I start to think 177.60 area might be a chance to get in a longer term long. It boils down to being a very important demand area if we see a reaction here.
Fix up, trade sharp ...
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