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Dragon Riders GBP/JPY

  • #9,201
  • Mar 25, 2015 3:31am Mar 25, 2015 3:31am
Neither way good ... still ranging, more nap time ...
Fix up, trade sharp ...
  • #9,202
  • Mar 25, 2015 3:34am Mar 25, 2015 3:34am
Quoting Hickson
Neither way good ... still ranging, more nap time ...
Inserted Video


Edit: I'm looking at 176.81 to go long, potentially, short in the meantime
  • #9,203
  • Edited 6:02am Mar 25, 2015 5:44am | Edited 6:02am
With only one thing to be confirmed - ie we break below 177.1 - any triangle downside thrust target may take price to just below 175 - as in circa 174.5. That would have it in a very hard position to get back up.
  • #9,204
  • Mar 25, 2015 6:19am Mar 25, 2015 6:19am
Hi there, looks like range day so far, am flat on dragon. E/U looks more interesting, anyone payed attention to 1.0905?

Post #9163
Post #9168

Add: Anyway, if you look at 1.0945 you see a nice double bottom intraday (short covering?)
  • #9,205
  • Mar 25, 2015 6:20am Mar 25, 2015 6:20am
Quoting Mpt
With only one thing to be confirmed - ie we break below 177.1 - any triangle downside thrust target may take price to just below 175 - as in circa 174.5. That would have it in a very hard position to get back up.
I got DP 178.90/80 as crucial here, as long as it stays resistance optimal target is DP 175.80/70; if market is up and DP 178.90/80 support next optimal target is DP 181.20/10
  • #9,206
  • Mar 25, 2015 6:39am Mar 25, 2015 6:39am
Quoting FX-Ray
Hi there, looks like range day so far, am flat on dragon. E/U looks more interesting, anyone payed attention to 1.0905? Post #9163 Post #9168 Add: Anyway, if you look at 1.0945 you see a nice double bottom intraday (short covering?)
1.0987 important for further up
  • #9,207
  • Mar 25, 2015 6:41am Mar 25, 2015 6:41am
Quoting FX-Ray
{quote} I got DP 178.90/80 as crucial here, as long as it stays resistance optimal target is DP 175.80/70; if market is up and DP 178.90/80 support next optimal target is DP 181.20/10
Huh...I got 175.70/40 for the optimal support after 177.10/176.90.

181 is about the same.

Still wondering why we don't have a clear direction for over 2 days though...
  • #9,208
  • Mar 25, 2015 6:42am Mar 25, 2015 6:42am
Quoting Vermillion
{quote} Huh...I got 175.70/40 for the optimal support after 177.10/176.90. 181 is about the same. Still wondering why we don't have a clear direction for over 2 days though...
Ranging days, no point to look for a reason, they are part of the structure, its important to identify them and to stay out except you have a strategy.
  • #9,209
  • Mar 25, 2015 6:43am Mar 25, 2015 6:43am
Quoting FX-Ray
{quote} I got DP 178.90/80 as crucial here, as long as it stays resistance optimal target is DP 175.80/70; if market is up and DP 178.90/80 support next optimal target is DP 181.20/10
I vote for another move down, It could be half a day or more......................
The More You Learn, The More You Earn.....
  • #9,210
  • Mar 25, 2015 6:43am Mar 25, 2015 6:43am
Quoting Schickeria
Some trades of the past weeks: Danske Bank: SELL LIMIT at 1.0655, TAKE PROFIT 1.0432, STOP LOSS 1.0727 Stoped/OUT Credit Suisse holds SHORT from 1.0560, TAKE PROFIT 1.0000, STOP LOSS 1.0684 Stoped/OUT Morgan Stanley holds SHORT from 1.0650, TAKE PROFIT 1.0000, STOP LOSS 1.0750 ( Stoped/OUT Citi Bank holds SHORT from 1.1368, TAKE PROFIT 1.0000, STOP LOSS 1.1690 Closed his shorts last week - EU squeeze Citi Bank holds SHORT from 1.1430, TAKE PROFIT 1.0400, STOP LOSS 1.1710 Closed his shorts last week - EU squeeze JPMorgan holds SHORT from 1.1250,...
Nice some pro trading here
  • #9,211
  • Mar 25, 2015 6:43am Mar 25, 2015 6:43am
Quoting FX-Ray
{quote} I got DP 178.90/80 as crucial here, as long as it stays resistance optimal target is DP 175.80/70; if market is up and DP 178.90/80 support next optimal target is DP 181.20/10
Yeah, 175.7 ish would equate to a break down being 0.618 of the 'triangle' height of 385 pips. Whereas a full height downwards move takes to 175 or just below.

IMHO 178.9 means potential break up.

Anyway, it still has to clear to the downside and break the previous low
  • #9,212
  • Mar 25, 2015 6:44am Mar 25, 2015 6:44am
Quoting Mpt
{quote} Yeah, 175.7 ish would equate to a break down being 0.618 of the 'triangle' height of 385 pips. Whereas a full height downwards move takes to 175 or just below. IMHO 178.9 means potential break up. Anyway, it still has to clear to the downside and break the previous low
Exactly
  • #9,213
  • Mar 25, 2015 6:51am Mar 25, 2015 6:51am
forexalien, I have been reading your thread (pg 38), why do you say this so I can see with current chsrts rather than what was history(leaning there too)
  • #9,214
  • Mar 25, 2015 7:12am Mar 25, 2015 7:12am
Quoting forexalien
{quote} I vote for another move down, It could be half a day or more......................
Possible, I just wanna be on the right side
  • #9,215
  • Mar 25, 2015 7:16am Mar 25, 2015 7:16am
Quoting FX-Ray
{quote} 1.0987 important for further up
Thats what I got for E/U currently:

1.1078
1.1030
1.0987
1.0945
1.0905
1.0866
1.0821
1.0740
1.0660

Treat them as DPs. GL

Inserted Video
  • #9,216
  • Mar 25, 2015 7:20am Mar 25, 2015 7:20am
dustbin levels
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5.png Size: 35 KB
  • #9,217
  • Mar 25, 2015 7:24am Mar 25, 2015 7:24am
Quoting AllyB
dustbin levels {image}
Good morning to you too
  • #9,218
  • Mar 25, 2015 7:26am Mar 25, 2015 7:26am
Quoting FX-Ray
{quote} Thats what I got for E/U currently: 1.1078 1.1030 1.0987 1.0945 1.0905 1.0866 1.0821 1.0740 1.0660 Treat them as DPs. GL https://www.youtube.com/watch?v=CyKeFcUyclc
Looks like next probably is 1.1030; if 1.0987 holds. Otherwise we could see a test of 1.0945.

I start to like E/U
  • #9,219
  • Mar 25, 2015 7:28am Mar 25, 2015 7:28am
Quoting FX-Ray
{quote} Good morning to you too
LOL

good morning to you too

EU does look more up than down ATM
  • #9,220
  • Mar 25, 2015 7:31am Mar 25, 2015 7:31am
Quoting FX-Ray
{quote} Looks like next probably is 1.1030; if 1.0987 holds. Otherwise we could see a test of 1.0945. I start to like E/U
got long there for 1.1030

Add: I wonder if there is more than 1.1030
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