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Dragon Riders GBP/JPY

  • #7,401
  • Mar 13, 2015 10:20am Mar 13, 2015 10:20am
Quoting Jeremy Oak
{quote} I like to play off supply and demand zones. There is a lot of demand down here IMO http://gyazo.com/66e7c974fc1bd1c3ec1f3e48904f7f0e

Yes, but I think main demand is still some pips to go. Let's see though.
Fix up, trade sharp ...
  • #7,402
  • Mar 13, 2015 10:22am Mar 13, 2015 10:22am
Quoting Schickeria
{quote} Agree with 178.20 area {image}
2 x 1.618, nice...
  • #7,403
  • Mar 13, 2015 10:24am Mar 13, 2015 10:24am
Quoting Jeremy Oak
{quote} I like to play off supply and demand zones. There is a lot of demand down here IMO http://gyazo.com/66e7c974fc1bd1c3ec1f3e48904f7f0e
Hi Jeremy, is that ToS platform, is it reliable? Cheers!
  • #7,404
  • Mar 13, 2015 10:25am Mar 13, 2015 10:25am
perfect rejection of 1/2 178.85/75
  • #7,405
  • Mar 13, 2015 10:26am Mar 13, 2015 10:26am
Quoting Schickeria
Good day traders GEPPY should drop to 179.95 on my view. {image}
Is a bit lower, but nice call!

Guys are you watching that GU? Went nuts and now 5 year low. Dont you tell me it is something else than those brittain elections + usd king combo.
"I know one thing, that I know nothing." Sokrates
  • #7,406
  • Mar 13, 2015 10:26am Mar 13, 2015 10:26am
Quoting Jeremy Oak
{quote} I like to play off supply and demand zones. There is a lot of demand down here IMO http://gyazo.com/66e7c974fc1bd1c3ec1f3e48904f7f0e
yeah but you just have to be careful when the levels are broken as was the case here then you should look for next one or at least wait for confirmation.

Quoting FX-Ray
perfect rejection of 1/2 178.85/75
178.2

edit: new LL lets do this
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  • #7,407
  • Mar 13, 2015 10:27am Mar 13, 2015 10:27am
Quoting FX-Ray
perfect rejection of 1/2 178.85/75
Simple and beautiful Btw, thinking I will watch the film you recommended this weekend. It will be my first "real life" this week
Fix up, trade sharp ...
  • #7,408
  • Mar 13, 2015 10:30am Mar 13, 2015 10:30am
Quoting Tom_D_Trader
{quote} Is a bit lower, but nice call! Guys are you watching that GU? Went nuts and now 5 year low. Dont you tell me it is something else than those brittain elections + usd king combo.
short was prefered....
  • #7,409
  • Mar 13, 2015 10:33am Mar 13, 2015 10:33am
ought oh
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  • #7,410
  • Mar 13, 2015 10:34am Mar 13, 2015 10:34am
Quoting Schickeria
www.elliottwave.com actuall count ja.... ja "Schncounting" {image}
what a new lower low ???

Count invalid
  • #7,411
  • Mar 13, 2015 10:35am Mar 13, 2015 10:35am
178.20, a lot of confluence, trend line on daily, fib expansion, daily pivot, murray math support, daily 200ma, looking for divergence on lower timeframe for long, probably sunday, early monday. New member, been following for a while, great thread, a place where a lot of smart people have confluenced (probably bad grammar, but you know what i mean )
  • #7,412
  • Mar 13, 2015 10:35am Mar 13, 2015 10:35am
Quoting Schickeria
{quote} short was prefered....
I was very tight with my longs. Think they were well justified - check Nikkei for reference. Is also nuts. Nikkei tops + USD king = UJ break tops in my books = Geppy up. However, I acknowledge is 12 years high on UJ we are trying to break, so is nono easy . Combined with USD king + brittain elections + GBP sold as colaterral of EU mess = triggering stops below GU lows, Geppy trades facked up. But I ended up BE of Geppy trades and am flat since my D1 38% - 180,9 fibiz break. Now just watching GU to run out of steam. Am definitely not buying any GBPs now. Maybe intraday, but GBPs screwed for mid term invests till GU holds ground again, at least above 1,5055
"I know one thing, that I know nothing." Sokrates
  • #7,413
  • Mar 13, 2015 10:44am Mar 13, 2015 10:44am
Quoting Hickson
{quote} Simple and beautiful Btw, thinking I will watch the film you recommended this weekend. It will be my first "real life" this week
Yes I highly recommend this movie. Pi (film)
Its important dude, enjoy your weekend.
  • #7,414
  • Mar 13, 2015 10:47am Mar 13, 2015 10:47am
Quoting Tom_D_Trader
{quote} I was very tight with my longs. Think they were well justified - check Nikkei for reference. Is also nuts. Nikkei tops + USD king = UJ break tops in my books = Geppy up. However, I acknowledge is 12 years high on UJ we are trying to break, so is nono easy . Combined with USD king + brittain elections + GBP sold as colaterral of EU mess = triggering stops below GU lows, Geppy trades facked up. But I ended up BE of Geppy trades and am flat since my D1 38% - 180,9 fibiz break. Now just watching GU to run out of steam. Am definitely not buying...
Yesterday Carney's speech, was dovish, meaning there were not going to be rate hikes in the horizon.
  • #7,415
  • Mar 13, 2015 10:48am Mar 13, 2015 10:48am
This is no tradecall, just observation - dont stop the train , but I got 178,4 pretty strong Daily here. Below d1 low, and below poor old GBP heavy suffering.
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"I know one thing, that I know nothing." Sokrates
  • #7,416
  • Mar 13, 2015 10:49am Mar 13, 2015 10:49am
Quoting Lavanda
{quote} Yesterday Carney's speech, was dovish, meaning there were not going to be rate hikes in the horizon.
Yy, screw that Carney :/. But is elections. I dont trust none of brittains leaders now.
"I know one thing, that I know nothing." Sokrates
  • #7,417
  • Mar 13, 2015 10:53am Mar 13, 2015 10:53am
Quoting thegmann
{quote} yeah but you just have to be careful when the levels are broken as was the case here then you should look for next one or at least wait for confirmation. {quote} 178.2 edit: new LL lets do this {image}
moved stop to BE we might not have enough juice left to hit 178.2 today...bleh

edit: out...bleh stupid euro
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  • #7,418
  • Mar 13, 2015 10:54am Mar 13, 2015 10:54am
Afternoon team,

GJ down about 200 pips for the day at the moment and I get nervous trading near the ADR. If the rejection goes up as far as 179.5 or even just 178.90 I might get in short again but otherwise I'm put off more shorts.

Edit:
Ray, a question if I may: when you decide your 'high probability reversal or continuation points' - 177.60 this week - other than your profiles how do you decide that level is significant?

Cheers
  • #7,419
  • Mar 13, 2015 10:56am Mar 13, 2015 10:56am
Quoting FX-Ray
{quote} Yes I highly recommend this movie. Pi (film) Its important dude, enjoy your weekend.
Thanks, same to you. Laters
Fix up, trade sharp ...
  • #7,420
  • Mar 13, 2015 11:00am Mar 13, 2015 11:00am
GBP/USD

expanded flat until now
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