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Dragon Riders GBP/JPY

  • #8,961
  • Mar 23, 2015 9:25am Mar 23, 2015 9:25am
Quoting Vermillion
Going for a quick scalp- long on 178.50, target is 179.00. Manual SL planned, but have a hard SL in place a bit below.
Its not in the template since I dont feel comfortable you guys scalping it. If you wanna scalp it anyway Vermillion pay attention to 1/8 178.5125/4125. GL
  • #8,962
  • Mar 23, 2015 9:27am Mar 23, 2015 9:27am
Quoting FX-Ray
{quote} No complicated analysis, just the next daily close. Thats it, since those closing prices are facts and available to everyone. Now I cant tell you if it reaches today, 2morrow or whenever since I cant predict the future Check here: Post #8838
Simple and elegant is the best way to be Kicks and giggles aside, lots of people must be getting burned on EU the past few days...
  • #8,963
  • Mar 23, 2015 9:27am Mar 23, 2015 9:27am
Quoting FX-Ray
{quote} Its not in the template since I dont feel comfortable you guys scalping it. If you wanna scalp it anyway Vermillion pay attention to 1/8 178.5125/4125. GL
Yeah, this is a pretty risky trade. My trade position for this long is 2/5 of my usual size. Still, my main trade has a short to trigger at 179-ish, and if that hits, this will be a nice extra pocket change.
  • #8,964
  • Mar 23, 2015 9:32am Mar 23, 2015 9:32am
Quoting Vermillion
{quote} Yeah, this is a pretty risky trade. My trade position for this long is 2/5 of my usual size. Still, my main trade has a short to trigger at 179-ish, and if that hits, this will be a nice extra pocket change.
Np dude, just saying.. be a short stop.
  • #8,965
  • Edited 9:51am Mar 23, 2015 9:41am | Edited 9:51am
EU 2 Scenarios on my view

EDIT: 161.8% = 1.1315
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Scenario 1.png Size: 62 KB
Click to Enlarge Name: Scenario 2.png Size: 66 KB
  • #8,966
  • Mar 23, 2015 9:43am Mar 23, 2015 9:43am
So just one example to go, lets take G/U:

Lets assume price will close at the red line end of day since we cant know where the day closes. Then the future setup will look like this:

Add: Look at the lowest close, you think that's coincidence? You decide. Go to any instrument in any market and see for yourself. Thats what people who want to sell their BS to you dont know and even if they know (probably not), they'd never tell you. My 2 cents.
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 29 KB
  • #8,967
  • Mar 23, 2015 9:46am Mar 23, 2015 9:46am
Quoting Schickeria
{quote} hit 1.0762/73 area the question for me is do we see one norm to 1.1290-1.1315 since 1.3993 never happened

????? I don't know
  • #8,968
  • Mar 23, 2015 9:52am Mar 23, 2015 9:52am
Quoting FX-Ray
{quote} Scotty could you do me a favour and check U/J please? I'll post a picture here and tell me if you can find fibs at following prices: 121.445 120.765 119.58 119.413 118.785 118.475 117.525 Thanks in advance. {image}
Ok you picked a messy one, I will make a note and post some later.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,969
  • Mar 23, 2015 9:52am Mar 23, 2015 9:52am
Quoting Mr. Scott
{quote} Ok you picked a messy one, I will make a note and post some later.
Thanks scotty, much appreciated
  • #8,970
  • Mar 23, 2015 9:54am Mar 23, 2015 9:54am
I love the look of indecision for the gbp/jpy on the 5min chart.

Go flip a coin, I guess. I'm going away from the desk for now, and probably won't be back until my trade gets SL hit or price approaches something resembling 179.

Update 1: Oh, would you look at that. JUST as I finish posting this, we got to 178.65. Huzzah. Let's see if we can get to 179 to get my shorts triggered & my long to TP.
  • #8,971
  • Mar 23, 2015 9:56am Mar 23, 2015 9:56am
Out with some profits and waiting for a setup. A little is better than nothing (or loss)
  • #8,972
  • Mar 23, 2015 9:59am Mar 23, 2015 9:59am
Quoting Vermillion
I love the look of indecision for the gbp/jpy on the 5min chart. Go flip a coin, I guess. I'm going away from the desk for now, and probably won't be back until my trade gets SL hit or price approaches something resembling 179. Update 1: Oh, would you look at that. JUST as I finish posting this, we got to 178.65. Huzzah. Let's see if we can get to 179 to get my shorts triggered & my long to TP.
Still paying attention to DP 178.50/40; if positive I still see 1/4 179.475/375
  • #8,973
  • Mar 23, 2015 10:01am Mar 23, 2015 10:01am
Quoting Schickeria
{quote} yep 1.06129 is crucial for me - may be with stop @ 1.0595 for 1.0950
1.06129 indicated 1.0950

1.09500 - 1.09538 crucial point now
  • #8,974
  • Mar 23, 2015 10:04am Mar 23, 2015 10:04am
Quoting Schickeria
{quote} 1.06129 indicated 1.0950 1.09500 - 1.09538 crucial point now
What about 1.10300~1.10500? That's what I'm eyeing right now, other than 1.10 if we go past 1.09400
  • #8,975
  • Mar 23, 2015 10:08am Mar 23, 2015 10:08am
Quoting FX-Ray
{quote} Still paying attention to DP 178.50/40; if positive I still see 1/4 179.475/375
? don't see that one on your latest DP chart. am i missing something?
  • #8,976
  • Mar 23, 2015 10:08am Mar 23, 2015 10:08am
I'm keeping an eye on 1.0856, a breach, and I'd look for shorts on a bounce...
Look Sharp/Trade Tight
  • #8,977
  • Mar 23, 2015 10:10am Mar 23, 2015 10:10am
Quoting Vermillion
{quote} What about 1.10300~1.10500? That's what I'm eyeing right now, other than 1.10 if we go past 1.09400
after last week strong upmove - i expected here sideways (today upmove 170 Pips - LOL ) or ranging market!

1.1030-1.1050 is possible - but not my plan atm..
  • #8,978
  • Mar 23, 2015 10:12am Mar 23, 2015 10:12am
Quoting FX-Ray
{quote} I think waiting to see what actually happens there is not a bad idea, short or long, what counts is the opportunity originates from that area. Add: Anyway, it perfectly fits to the 1.1025, if 1.0635/595 support that would be the first target which is also yesterday's high. Add(2): Profit margin ~400Pips

yes on the downside i have 1.0624.9 and this should happen this week

everyone should calculate his own money mangement for shorting 1.0624.9
  • #8,979
  • Mar 23, 2015 10:18am Mar 23, 2015 10:18am
im in long GJ 178.5

....maybe not the best idea... SL 178.25 lol wasn't watching GU...just broke 1.49
  • #8,980
  • Mar 23, 2015 10:29am Mar 23, 2015 10:29am
Quoting FX-Ray
So just one example to go, lets take G/U: Lets assume price will close at the red line end of day since we cant know where the day closes. Then the future setup will look like this: Add: Look at the lowest close, you think that's coincidence? You decide. Go to any instrument in any market and see for yourself. Thats what people who want to sell their BS to you dont know and even if they know (probably not), they'd never tell you. My 2 cents. {image}
No coincidence.... he he
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