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Dragon Riders GBP/JPY

  • #8,001
  • Mar 18, 2015 9:48am Mar 18, 2015 9:48am
I have attached a 5 min chart , granted too short a time frame, however , I see this baby is bearish. If she crosses the horizontal line boundaries I have drawn I will according buy or sell with a 15 pip sL

Expecting a drop to 176 ish area. I think its a good risk/reward ratio. Nothing ventured nothing gained.
Attached Image (click to enlarge)
Click to Enlarge Name: March 18 2015 5 min chart for FF.png Size: 60 KB
  • #8,002
  • Mar 18, 2015 9:50am Mar 18, 2015 9:50am
Quoting FX-Ray
{quote} still waiting for 177.975
I wait for the 177.25/15 to be bust, and then open the way to 176.50 ish and from there maybe to the 175 ish but who knows..

just make more sense to me..,anyway its fx world so nothing is promise issue here..

GL bulls/bears
Patience , perseverance and determination is the key to success .
  • #8,003
  • Mar 18, 2015 9:51am Mar 18, 2015 9:51am
Quoting AdiZ1
{quote} I wait for the 177.25/15 to be bust, and then open the way to 176.50 ish and from there maybe to the 175 ish but who knows.. just make more sense to me..,anyway its fx world so nothing is promise issue here.. GL bulls/bears
true
  • #8,004
  • Mar 18, 2015 9:53am Mar 18, 2015 9:53am
Quoting Rafiki
I have attached a 5 min chart , granted too short a time frame, however , I see this baby is bearish. If she crosses the horizontal line boundaries I have drawn I will according buy or sell with a 15 pip sL Expecting a drop to 176 ish area. I think its a good risk/reward ratio. Nothing ventured nothing gained. {image}
But please do not bet the farm

https://pbs.twimg.com/profile_images...0_400x400.jpeg
Fix up, trade sharp ...
  • #8,005
  • Mar 18, 2015 9:56am Mar 18, 2015 9:56am
Quoting Hickson
{quote} But please do not bet the farm {image}
but but but...I took at 10 lot short on GJ at 179 and now I can buy that new iWatch.... I'm like sooo good at forex trading.
  • #8,006
  • Mar 18, 2015 10:00am Mar 18, 2015 10:00am
Quoting thegmann
{quote} but but but...I took at 10 lot short on GJ at 179 and now I can buy that new iWatch.... I'm like sooo good at forex trading.
lol eggman ... I just realized how expensive and useless this iWatch is ... it is actually worth a trade of 100 pips with 10 lots ... how often do you get this? It costs a decent retail trading account. So pathetic!
Fix up, trade sharp ...
  • #8,007
  • Mar 18, 2015 10:02am Mar 18, 2015 10:02am
Quoting thegmann
{quote} but but but...I took at 10 lot short on GJ at 179 and now I can buy that new iWatch.... I'm like sooo good at forex trading.
Is funny what people do with cash when they hit. I am very used to be poor, so when I hit my targets, I actually dont know what to do with cash. I gave 500 bucks to my balls now, but is not fun, coz Guts is loosing . I dont like loosing. Either way, when I hit targets a) improve tradestation - buy more monitors and stuff and have 0 cash again. b) If I hit for a second time, I get a tattoo and have 0 cash again. Is silly, really, am lord of zero.

Btw, Guts has his first floating profit! 1 buck! I cant believe it.
"I know one thing, that I know nothing." Sokrates
  • #8,008
  • Mar 18, 2015 10:02am Mar 18, 2015 10:02am
Quoting FX-Ray
{quote} preferably the upper for short and the lower for long but it depends on volatility, since its low atm 177.875 could be it; if it triggers my entry im out anyway.
I bought the bounce and was thinkin of closing it at 177.81 and didn't. got tp set at be +1 so going to hold until
fomc ... it's a woman's intuition thing which wins some and loses some
  • #8,009
  • Mar 18, 2015 10:04am Mar 18, 2015 10:04am
Quoting AllyB
{quote} I bought the bounce and was thinkin of closing it at 177.81 and didn't. got tp set at be +1 so going to hold until fomc ... it's a woman's intuition thing which wins some and loses some
As soon as it printed my initial long entry+1 I reversed my position
Attached Image (click to enlarge)
Click to Enlarge Name: reversed.png Size: 102 KB
  • #8,010
  • Mar 18, 2015 10:05am Mar 18, 2015 10:05am
Might break S3 (176.79) today

UJ broke out of its tiny range.. it helps.
Build good relationships with others.
  • #8,011
  • Mar 18, 2015 10:08am Mar 18, 2015 10:08am
Quoting FX-Ray
{quote} As soon as it printed my initial long entry+1 I reversed my position {image}
If 1/2 177.25/00 support next is 1/4 177.975/875; if resistance next is 1/4 176.525/425
  • #8,012
  • Mar 18, 2015 10:15am Mar 18, 2015 10:15am
Quoting Hickson
She does not like to go higher now ...
Yes, this will be FUN.
Be humble or be humbled.
  • #8,013
  • Mar 18, 2015 10:16am Mar 18, 2015 10:16am
Quoting Temujin
{quote} Yes, this will be FUN.
wow... parabolic move.... not sure whether to be happy or worried.
Build good relationships with others.
  • #8,014
  • Mar 18, 2015 10:18am Mar 18, 2015 10:18am
Took a long here too late at 177.29
Be humble or be humbled.
  • #8,015
  • Mar 18, 2015 10:18am Mar 18, 2015 10:18am
Quoting FX-Ray
{quote} If 1/2 177.25/00 support next is 1/4 177.975/875; if resistance next is 1/4 176.525/425
177.15 rejected to the pip, if it holds we could see some retracement
  • #8,016
  • Mar 18, 2015 10:22am Mar 18, 2015 10:22am
USD/JPY broke 121, good omen on USD so far.

AUD and EUR looking like they wanna run.
Be humble or be humbled.
  • #8,017
  • Mar 18, 2015 10:22am Mar 18, 2015 10:22am
Quoting FX-Ray
{quote} If 1/2 177.25/00 support next is 1/4 177.975/875; if resistance next is 1/4 176.525/425
what time frame you looking for it to hold?
Patience , perseverance and determination is the key to success .
  • #8,018
  • Mar 18, 2015 10:23am Mar 18, 2015 10:23am
Quoting Tom_D_Trader
Speaking of which, could pull UJ off below this h4 low where it hangs now, trigger stops and pull GJ. {image} {image}
Aussie breaks, triggers UJ, UJ now approaching weekly dropzone. Daily target 120,666, weekly level 120,42. Think zone will hold Geppy move, should bounce.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 91 KB
"I know one thing, that I know nothing." Sokrates
  • #8,019
  • Mar 18, 2015 10:26am Mar 18, 2015 10:26am
who would have thought that FOMC day is this exciting even before FOMC.
Build good relationships with others.
  • #8,020
  • Mar 18, 2015 10:26am Mar 18, 2015 10:26am
Quoting AdiZ1
{quote} what time frame you looking for it to hold?
No TF, preferably to next 1/4; 1/2 or DP; up or down
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