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Dragon Riders GBP/JPY

  • #9,041
  • Mar 23, 2015 9:14pm Mar 23, 2015 9:14pm
Hi,
I like to keep my charts simple...seems like EU bounced on some fibs on FOMC...now we get a rejection of the Major TL on my chart....
So i would play the TL for direction unless we go over...
I would check on London time to see what europe decide

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TT
  • #9,042
  • Mar 23, 2015 9:22pm Mar 23, 2015 9:22pm
I am holding some GJ long but its at +/- BE and not really going anywhere...but market is trying to squeeze this
baby into a triangle...so can break out to any direction imo... (btw...my trade was based on H1 ma's + break of h1 consolidation on H1 during US session)

PS Im liking how CHF pairs starting to reverse long (GCHF, UCHF) U know that SNB is pumping this currency to heaven again.

TT
  • #9,043
  • Mar 23, 2015 9:38pm Mar 23, 2015 9:38pm
Quoting FX-Ray
{quote} Like I said, dont take my word for it, see for yourself and decide. Here you go, U/J. Target if trade optimal 120.10/00; 2nd target 120.77. {image}
This one was well disguised but it was there.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,044
  • Mar 23, 2015 11:00pm Mar 23, 2015 11:00pm
Quoting anima999
{quote} Hi alien, What TF are you using for that wave analysis,1h? Today had some confusing PA(my eyes anyways) so I think I was lucky(more than judgment) to finish very slightly up. Cheers
Yes H1, sorry for the delay...............
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The More You Learn, The More You Earn.....
  • #9,045
  • Mar 23, 2015 11:03pm Mar 23, 2015 11:03pm
Also a continuation flag is forming for lower is the way Alien see's it at this time.................

H4 GJ
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The More You Learn, The More You Earn.....
  • #9,046
  • Edited 2:02am Mar 24, 2015 12:09am | Edited 2:02am
Quoting forexalien
Also a continuation flag is forming for lower is the way Alien see's it at this time................. H4 GJ {image}
Might be as simple as that.

But from a bearish perspective, the move 185 ~178.2 (670 pips) could also be interpreted as being a wave A, wherein 185 ~181.4 was A of A (350 pips), 183.9 ~187.2 was C of A (560 pips) .....and 350 pips x 1.618 just happens to measure 565 pips .... close enough.

Therefore, it would not be unreasonable to maybe view this triangle/mess as wave B ... meaning that wave C is soon to start.

All idle speculation though until something happens. On an aside, I have a sneaky feeling that UJ may give a surprise - it sits now at an equivalent place to where GJ was assumed to hold up back at about 180.9 ish. From memory, UJ often lags GJ by many days or over a week and it's now running about 8 days behind.
  • #9,047
  • Mar 24, 2015 12:22am Mar 24, 2015 12:22am
Quoting PayTheLimit
keeping an eye on cable, perhaps a break of 1.4912 will signal some new weakness..good luck this week...
been waiting for a spot to short cable, gonna try some offers now at 1.4961/62 risk em to 1.4975...
Look Sharp/Trade Tight
  • #9,048
  • Mar 24, 2015 1:50am Mar 24, 2015 1:50am
CPI will be release in a few hours time, any outlook? short GBP/JYP??
  • #9,049
  • Mar 24, 2015 2:52am Mar 24, 2015 2:52am
Quoting PayTheLimit
{quote} where were your big losses? I mean, how many different trades?
Had to close 3, 4 in a loss.
Fix up, trade sharp ...
  • #9,050
  • Mar 24, 2015 3:14am Mar 24, 2015 3:14am
Quoting melvinlimmy
CPI will be release in a few hours time, any outlook? short GBP/JYP??

Short before the news?I don't think this is a good call.If,IF she will be fall,before the news will be a bump and dump.SO I wait the news after then maybe I will short.
  • #9,051
  • Mar 24, 2015 3:21am Mar 24, 2015 3:21am
Quoting Hickson
{quote} Had to close 3, 4 in a loss.
so u shorted 4 times yesterday, correct...in my view, that would be overtrading...
Look Sharp/Trade Tight
  • #9,052
  • Mar 24, 2015 3:22am Mar 24, 2015 3:22am
Quoting PayTheLimit
{quote} so u shorted 4 times yesterday, correct...in my view, that would be overtrading...
Think you are right. Then also bias "should come down now". What a bright idea ...
Fix up, trade sharp ...
  • #9,053
  • Mar 24, 2015 3:32am Mar 24, 2015 3:32am
Morning team,
Asia session was interesting.
Well everyone seems to be biased towards the bears. I'm trying to stay open minded and staying out till after the CPI.
  • #9,054
  • Mar 24, 2015 3:44am Mar 24, 2015 3:44am
Quoting Hickson
{quote} Think you are right. Then also bias "should come down now". What a bright idea ...
its just that I'm of the opinion that less is more....a think you only need a few good trades a week, but the question is how many atempts at those trades are you willing to take...for example, I wanted to short cable last few days, and I just did, but I'm only willing to try once, or twice...then I'll move on to something else...I dont know if you are understanding my point..
Look Sharp/Trade Tight
  • #9,055
  • Mar 24, 2015 3:51am Mar 24, 2015 3:51am
Quoting PayTheLimit
{quote} its just that I'm of the opinion that less is more....a think you only need a few good trades a week, but the question is how many atempts at those trades are you willing to take...for example, I wanted to short cable last few days, and I just did, but I'm only willing to try once, or twice...then I'll move on to something else...I dont know if you are understanding my point..
Yes, I think I understand. The market proved me wrong yesterday, really no sense in going after it after being wrong two times ... 6 % on 4 Trades is quite a hit from a professional point of view - and I am not interested in anything else, since trading is not fun or a hobby. Yet I think it is still something to recover and to learn from. Fell into the psychological pitfall after the drop before ... was looking for a retrace to short, but just a trap.
Fix up, trade sharp ...
  • #9,056
  • Mar 24, 2015 3:55am Mar 24, 2015 3:55am
Good morning everyone

Quoting anima999
Morning team, Asia session was interesting. Well everyone seems to be biased towards the bears. I'm trying to stay open minded and staying out till after the CPI.

Anima, I'm with you on the potential for long bias after the news, but staying flat atm
  • #9,057
  • Mar 24, 2015 3:59am Mar 24, 2015 3:59am
Quoting alexpi
Good morning everyone {quote} Anima, I'm with you on the potential for long bias after the news, but staying flat atm
Ray tells me off I start trading with bias and he's usually right 😇
  • #9,058
  • Mar 24, 2015 4:02am Mar 24, 2015 4:02am
Morning ... not much going on with "the beast". Sleeping. I want to see a reaction in UJ at 119.20 levels ...
Fix up, trade sharp ...
  • #9,059
  • Mar 24, 2015 4:02am Mar 24, 2015 4:02am
Quoting anima999
{quote} Ray tells me off I start trading with bias and he's usually right ��
News will probably be king today imo, whatever direction they give when compared to estimates will be where the market goes today.

With that in mind, I probably won't take part much today
  • #9,060
  • Mar 24, 2015 4:11am Mar 24, 2015 4:11am
On the other hand I just read this. I don't know why I'm trying to get rich in FX, apparently Americans shit gold.
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