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Dragon Riders GBP/JPY

  • #7,721
  • Mar 17, 2015 6:31am Mar 17, 2015 6:31am
GBP/NZD has a bigger bounce compared to GU & GJ. Probably because of the 2.000 psychological support. But honestly, the bulls seem to be failing.

Just fall already, damn it. I need to go out soon, and I'd very much prefer to not leave my positions unattended where we're so close to breaching a support.

Edit: Nevermind, I'm seeing it dip below the ichimoku cloud resistance on the 5min. Finally.
  • #7,722
  • Mar 17, 2015 6:33am Mar 17, 2015 6:33am
Quoting FX-Ray
{quote} Nice trade hicks..

She was wild going down ... taking my stop on the first try on the spike at M15 :/
Fix up, trade sharp ...
  • #7,723
  • Mar 17, 2015 6:34am Mar 17, 2015 6:34am
Quoting FX-Ray
{quote} {quote} so whats your upside targets?
looking right now, if I take it, it will be for a scalp, maybe 1.0612/14
Look Sharp/Trade Tight
  • #7,724
  • Mar 17, 2015 6:35am Mar 17, 2015 6:35am
I am new here.

What does 1/2 mean when it is stated in a message? Half?

What does DP mean?
  • #7,725
  • Mar 17, 2015 6:36am Mar 17, 2015 6:36am
Quoting anima999
{quote} Got I short at 179.320 TP remains 178.800 SL now at break even. I'm a believer in Elliot waves and Gartleys , just can't see them myself so expect it to go lower.
Thats what I was talking about last time. Post #7541

In this case you only see one side of the market and limit yourself to see the opportunity of the other side.
  • #7,726
  • Mar 17, 2015 6:39am Mar 17, 2015 6:39am
Quoting BartysKnob
I am new here. What does 1/2 mean when it is stated in a message? Half? What does DP mean?

DP = decision point.

1/2 means halfway between 2 decision points, which is FX-Ray's points of interest (i.e. potential support/resistance)
  • #7,727
  • Mar 17, 2015 6:41am Mar 17, 2015 6:41am
shorted at 180.0 where should I TP?
  • #7,728
  • Mar 17, 2015 6:42am Mar 17, 2015 6:42am
Quoting PayTheLimit
{quote} looking right now, if I take it, it will be for a scalp, maybe 1.0612/14
got some R at 1.0675
  • #7,729
  • Mar 17, 2015 6:42am Mar 17, 2015 6:42am
Quoting FX-Ray
{quote} {quote} so whats your upside targets?
Some EU
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1317.jpg Size: 319 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,730
  • Mar 17, 2015 6:42am Mar 17, 2015 6:42am
Quoting BartysKnob
I am new here. What does 1/2 mean when it is stated in a message? Half? What does DP mean?
Ray may be busy making loads of cash so if I may answer on his behalf.A DP is a bracket of support / resistance that FXRay publishes based on market profiles and some clever statistical data.When people talk about 1/2 they are referring to half way points between DPs.The DPs are useful as GJ tends to bounce between them throughout the day. If price isn't going to make a DP then it generally reverses at the half point. Looking at price action around the half point can also help with deciding if it will go through the next DP and carry on to the next.Generally is a key word in the above explanation.
  • #7,731
  • Mar 17, 2015 6:43am Mar 17, 2015 6:43am
Quoting Vermillion
{quote} DP = decision point. 1/2 means halfway between 2 decision points, which is FX-Ray's points of interest (i.e. potential support/resistance)
thanks buddy

Quoting anima999
Ray may be busy making loads of cash so if I may answer on his behalf.A DP is a bracket of support / resistance that FXRay publishes based on market profiles and some clever statistical data.When people talk about 1/2 they are referring to half way points between DPs.The DPs are useful as GJ tends to bounce between them throughout the day. If price isn't going to make a DP then it generally reverses at the half point. Looking at price action around the half point can also help with deciding if it will go through the next DP and carry on to the next.Generally is a key word in the above explanation.
  • #7,732
  • Edited 7:06am Mar 17, 2015 6:45am | Edited 7:06am
Quoting FX-Ray
{quote} got some R at 1.0675
thanks mate, I'll keep it in mind, I also like 1.0642/44 as a possible TP...on some anyway...I'll take a better look if I get them bought...
Look Sharp/Trade Tight
  • #7,733
  • Mar 17, 2015 6:45am Mar 17, 2015 6:45am
Quoting anima999
{quote} Ray may be busy making loads of cash so if I may answer on his behalf.A DP is a bracket of support / resistance that FXRay publishes based on market profiles and some clever statistical data.When people talk about 1/2 they are referring to half way points between DPs.The DPs are useful as GJ tends to bounce between them throughout the day. If price isn't going to make a DP then it generally reverses at the half point. Looking at price action around the half point can also help with deciding if it will go through the next DP and carry on...

Also new here....thanks alot! And thanks to Ray
  • #7,734
  • Mar 17, 2015 6:47am Mar 17, 2015 6:47am
GJ, No pretty picture as then it is not that pretty, just messy.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily317.jpg Size: 301 KB
The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,735
  • Mar 17, 2015 6:51am Mar 17, 2015 6:51am
Quoting PayTheLimit
{quote} thanks mate, I'll keep it in mind, I also like 1.0645 as a possible TP...on some anyway...I'll take a better look if I get them bought...
Sounds good to me, im just careful with the exaggerated TPs with E/U, since we are still in range and its pretty dangerous to get stuck long in a sell-off or test of the lows.
  • #7,736
  • Mar 17, 2015 6:51am Mar 17, 2015 6:51am
Quoting FX-Ray
G/J current {image}
OK thanks for your answers guys. I'll try to catch on quickly.

So on the above chart the blues lines/range/area is the DP's?
and....the green is 1/2?

Or blue and green are all DP's?
  • #7,737
  • Mar 17, 2015 6:52am Mar 17, 2015 6:52am
Had BE long earlier then got short at 179.327 for just under 1:3 risk reward Cheers Ray! DP's are a godsend
  • #7,738
  • Mar 17, 2015 6:52am Mar 17, 2015 6:52am
Quoting Mr. Scott
GJ, No pretty picture as then it is not that pretty, just messy. {image}
I agree here but its still tradeable, next probably DP 178.70/60 since 1/2 179.10/00 resistance
  • #7,739
  • Mar 17, 2015 6:53am Mar 17, 2015 6:53am
Quoting FX-Ray
{quote} Thats what I was talking about last time. Post #7541 In this case you only see one side of the market and limit yourself to see the opportunity of the other side.
Interesting...so in your trading you just react to price movement without considering any external factors/indicators.In this case I should have been totally blind to bull vs bears, Elliott or anything else and simply waited either way.I will try.Thanks for the feedback.
  • #7,740
  • Mar 17, 2015 6:54am Mar 17, 2015 6:54am
Quoting BartysKnob
{quote} OK thanks for your answers guys. I'll try to catch on quickly. So on the above chart the blues lines/range/area is the DP's? and....the green is 1/2? Or blue and green are all DP's?
Template: Post #7520

Green: DPs
Blue: 1/2's
Yellow: 1/4's (valid for bigger ranges), acts to 1/2, like 1/2 to DP
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