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Dragon Riders GBP/JPY

  • #8,861
  • Mar 22, 2015 3:59pm Mar 22, 2015 3:59pm
Before the new week begins, just wanted to show some appreciation for your contribution here Ray, excellent work. Left my live account on the sidelines after FOMC and tried out that lovely clean 1 minute line chart temp of yours on demo, worked out really well. Many thanks.

Good luck to you and all in the coming week





Attached Image
  • #8,862
  • Mar 22, 2015 4:02pm Mar 22, 2015 4:02pm
Quoting rizla101
Before the new week begins, just wanted to show some appreciation for your contribution here Ray, excellent work. Left my live account on the sidelines after FOMC and tried out that lovely clean 1 minute line chart temp of yours on demo, worked out really well. Many thanks. Good luck to you and all in the coming week {image}

Fix up, trade sharp ...
  • #8,863
  • Mar 22, 2015 4:02pm Mar 22, 2015 4:02pm
Quoting Hickson
{quote} Don't believe the hype ^^ Btw, if you failed at number one, why are you still posting?
I'm one of those men that everyone hates because he gets an extra 15mins in bed. I'm about as hairy as a chicken egg so don't need to shave every day. A cutthroat would be overkill, all I need is a stiff breeze and I'm baby fresh again.
  • #8,864
  • Mar 22, 2015 4:06pm Mar 22, 2015 4:06pm
Geppy retesting 179.40 on the opening ...
Fix up, trade sharp ...
  • #8,865
  • Mar 22, 2015 4:18pm Mar 22, 2015 4:18pm
GJ

Weekly is short on wave 3 still.

Daily is Short nearing a bottom for retracement long

H4 is short and struggling to go long.

H1 is long nearing a top.

M15 is mixed to short......
The More You Learn, The More You Earn.....
  • #8,866
  • Edited 4:34pm Mar 22, 2015 4:21pm | Edited 4:34pm
Quoting rizla101
Before the new week begins, just wanted to show some appreciation for your contribution here Ray, excellent work. Left my live account on the sidelines after FOMC and tried out that lovely clean 1 minute line chart temp of yours on demo, worked out really well. Many thanks. Good luck to you and all in the coming week {image}
Glad you like it, you used that MA(1) for the highs and lows so you dont have to go back to candles?
Love it too, very clear. No BS.

Anyway, template with current DPs

Add: dat gif lol, nice job
Attached File(s)
File Type: tpl DecisionPoints_GJ_CW13_1m_line.tpl   27 KB | 390 downloads
  • #8,867
  • Mar 22, 2015 4:24pm Mar 22, 2015 4:24pm
Quoting forexalien
GJ Weekly is short on wave 3 still. Daily is Short nearing a bottom for retracement long H4 is short and struggling to go long. H1 is long nearing a top. M15 is mixed to short......
I got if 1/4 179.475/375 positive, next is 1/2 180.05/95

Add: if negative next is DP 178.90/80
  • #8,868
  • Mar 22, 2015 4:35pm Mar 22, 2015 4:35pm
Anyway, im off now. Wish everyone a successful week, catch ya 2morrow, cheers. X-Ray
  • #8,869
  • Mar 22, 2015 4:37pm Mar 22, 2015 4:37pm
Well ok, I buy it . Patience is not one of my advantages.

Cya laterz Ray.
"I know one thing, that I know nothing." Sokrates
  • #8,870
  • Mar 22, 2015 4:38pm Mar 22, 2015 4:38pm
Quoting Tom_D_Trader
Well ok, I buy it . Patience is not one of my advantages.
Dont trade it yet, not my session laters
  • #8,871
  • Mar 22, 2015 4:52pm Mar 22, 2015 4:52pm
Quoting FX-Ray
{quote} Glad you like it, you used that MA(1) for the highs and lows so you dont have to go back to candles? Love it too, very clear. No BS. Anyway, template with current DPs Add: dat gif lol, nice job {file}

Yeah the MA(1) definitely useful on the line charts, pending orders above or below served me well Thursday and Friday. Lets see how it goes this week then maybe they can help me enlarge my live account rather than the demo

Thanks for the temp, All the best.
  • #8,872
  • Mar 22, 2015 5:08pm Mar 22, 2015 5:08pm
We'll probably have nothing of significant note until deep into tokyo session, or more likely, the London session of the market.

And even then, Mondays tend to be rather erratic, what with the first day of the week usually having the lowest liquidity out of all days. Given what I see on Eur/usd and a few other pairs related to the geppy, I'd say there's a definite chance of hitting 179, so I wouldn't long yet, even if it seems tempting. After that, go flip a coin.

Standing on the sidelines is a position.

But I wonder: does anyone frequently trade "those special" days (ex: beginning/end of the month/quarter/year)? I generally find them to be too erratic to trade.
  • #8,873
  • Mar 22, 2015 6:09pm Mar 22, 2015 6:09pm
Quoting Vermillion
We'll probably have nothing of significant note until deep into tokyo session, or more likely, the London session of the market. And even then, Mondays tend to be rather erratic, what with the first day of the week usually having the lowest liquidity out of all days. Given what I see on Eur/usd and a few other pairs related to the geppy, I'd say there's a definite chance of hitting 179, so I wouldn't long yet, even if it seems tempting. After that, go flip a coin. Standing on the sidelines is a position. But I wonder: does anyone frequently trade...
my favorite days are the beginning and end of the month ect...
  • #8,874
  • Mar 22, 2015 6:41pm Mar 22, 2015 6:41pm
Quoting Vermillion
We'll probably have nothing of significant note until deep into tokyo session, or more likely, the London session of the market. And even then, Mondays tend to be rather erratic, what with the first day of the week usually having the lowest liquidity out of all days. Given what I see on Eur/usd and a few other pairs related to the geppy, I'd say there's a definite chance of hitting 179, so I wouldn't long yet, even if it seems tempting. After that, go flip a coin. Standing on the sidelines is a position. But I wonder: does anyone frequently trade...
Shorting from 179.568 and 179.640 respectively, target is 178.90 +/- 10 pips. That range seems to be the next ongoing support on the 15min, 30min, and hourly chart, and they also happen to be near a halfway mark between 2 fib points (specifically 178.80)

And just as I finished typing this, we seem to have gone down to 179.40. IF that breaks, then I have a pretty good feeling about touching 179.
  • #8,875
  • Mar 22, 2015 6:45pm Mar 22, 2015 6:45pm
Quoting Vermillion
{quote} Shorting from 179.568 and 179.640 respectively, target is 178.90 +/- 10 pips. That range seems to be the next ongoing support on the 15min, 30min, and hourly chart, and they also happen to be near a halfway mark between 2 fib points (specifically 178.80) And just as I finished typing this, we seem to have gone down to 179.40. IF that breaks, then I have a pretty good feeling about touching 179.
YY, no fun with GBP. Pulling my Geppys down.

Poor old GBP
"I know one thing, that I know nothing." Sokrates
  • #8,876
  • Mar 22, 2015 7:16pm Mar 22, 2015 7:16pm
I have pending short 179.3 right now see if we can get spike up and get filled targeting DP 178.8 on break of 179.375. Might have missed the boat here we'll see. Took little bit of a loss on stupid AU trade last week that wiped out my weeks profits and then some see if this week is a little better. Thought the FOMC whip saw was done and took a short around .777 only to get destroyed with that last ditch crazy USD pop...wasn't expecting that. Here's to a better week

edit: heh got filled as typing this.
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  • #8,877
  • Mar 22, 2015 7:27pm Mar 22, 2015 7:27pm
Quoting thegmann
I have pending short 179.3 right now see if we can get spike up and get filled targeting DP 178.8 on break of 179.375. Might have missed the boat here we'll see. Took little bit of a loss on stupid AU trade last week that wiped out my weeks profits and then some see if this week is a little better. Thought the FOMC whip saw was done and took a short around .777 only to get destroyed with that last ditch crazy USD pop...wasn't expecting that. Here's to a better week edit: heh got filled as typing this. {image}
There is a good chance than once 178.90 +/- 10 pips is reached, that we'll get a bounce back up to 179.30/20. I don't know if that'll lead to further movement down or a resumption back up. We'll have to see how price reacts.

If we hit 178.90/80 and price fails to show a significant bounce over 179 (i.e. it either hovers near 179 or fails to have a lasting break above), then I'm looking for 178.40 followed by 177.85/75 for the next supports.

And I forgot to mention this, but I am also shorting the EUR/USD at 1.08300.
  • #8,878
  • Mar 22, 2015 7:33pm Mar 22, 2015 7:33pm
Quoting Vermillion
{quote} There is a good chance than once 178.90 +/- 10 pips is reached, that we'll get a bounce back up to 179.30/20. I don't know if that'll lead to further movement down or a resumption back up. We'll have to see how price reacts.
yeah 178.9/8 is big level. Will be watching PA there trades looking OK so far. We "may" be in for more down here. We technically got a daily close below the rising TL so big down could be possible in coming weeks especially with elections and not so hot GBP data. If we get back above 180.5-181.5 range i'll change my bias but for now i'm leaning short side.
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  • #8,879
  • Mar 22, 2015 7:33pm Mar 22, 2015 7:33pm
Quoting Vermillion
{quote} There is a good chance than once 178.90 +/- 10 pips is reached, that we'll get a bounce back up to 179.30/20. I don't know if that'll lead to further movement down or a resumption back up. We'll have to see how price reacts. If we hit 178.90/80 and price fails to show a significant bounce over 179 (i.e. it either hovers near 179 or fails to have a lasting break above), then I'm looking for 178.40 followed by 177.85/75 for the next supports. And I forgot to mention this, but I am also shorting the EUR/USD at 1.08300.
Yup, is a nice fibo cluster there. Would be perf entry imo. My stops 178,7. Maybe I should have waited. But I have trusted that GBP. Again.....tststs

Btw, aiming 180,9 - as a decision point of mothly bull/bear scenario.
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"I know one thing, that I know nothing." Sokrates
  • #8,880
  • Mar 22, 2015 7:44pm Mar 22, 2015 7:44pm
Watch the cable (GBP/USd) at 1.49000. If price falls below that with a clear break, we've got a very high chance that it'll drag down the GBP/JPY from whatever price it was sitting on at that moment.
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