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Dragon Riders GBP/JPY

  • #10,641
  • Apr 21, 2015 3:20pm Apr 21, 2015 3:20pm
Yes, you guys are right. I'm going to give the pair another try Hickson. Each apex on the D1 has been lower than the last. Short at 178.63 and I will be patient this time Raiders. Scaled down the leverage to be able to take draws without having an emotional meltdown. About 179.50 to 181 will max it out this time.
Be humble or be humbled.
  • #10,642
  • Apr 21, 2015 3:32pm Apr 21, 2015 3:32pm
Quoting Temujin
Yes, you guys are right. I'm going to give the pair another try Hickson. Each apex on the D1 has been lower than the last. Short at 178.63 and I will be patient this time Raiders. Scaled down the leverage to be able to take draws without having an emotional meltdown. About 179.50 to 181 will max it out this time.
looking to get around 181.5 personally.
question though, if you feel like its got a chance to rise, why not either wait for a better price to short or wait till you are more certain on the direction?
  • #10,643
  • Apr 21, 2015 5:32pm Apr 21, 2015 5:32pm
Quoting raiders
{quote} looking to get around 181.5 personally. question though, if you feel like its got a chance to rise, why not either wait for a better price to short or wait till you are more certain on the direction?
Nice discussion,

You shorting from 181? I believe it has a good chance of getting there. I notice that Price Movements are like golf - spoils a good walk!

Would not be surprised if a pull back from resistance occurs around here, before marching higher....
Attached Image (click to enlarge)
Click to Enlarge Name: 22_4_15_GBP_JPY 2 Hr.gif Size: 283 KB
  • #10,644
  • Apr 21, 2015 7:22pm Apr 21, 2015 7:22pm
As this could be it's a last wave up before a pull back, it may struggle at all horizontal resistances above here. Don't forget the monthly pivot at 179.8/9.

Only much over there is it good for the 180/181 area
  • #10,645
  • Apr 21, 2015 7:25pm Apr 21, 2015 7:25pm
Quoting Mpt
As this could be it's a last wave up before a pull back, it may struggle at all horizontal resistances above here. Don't forget the monthly pivot at 179.8/9. Only much over there is it good for the 180/181 area
Appreciate your perspective - time will tell..
  • #10,646
  • Apr 21, 2015 9:08pm Apr 21, 2015 9:08pm
Of course, it has to extend from here. Stopping at first resistance less than 15 pips above a previous high is sometimes not a good sign

But it probably will keep going
  • #10,647
  • Apr 21, 2015 9:50pm Apr 21, 2015 9:50pm
Quoting FX-Ray
Wish all a nice weekend https://www.youtube.com/watch?v=7Ssv5lsItVk (max Volume and bass)
His last post.................

I hope he didn't have a trading accident..................
The More You Learn, The More You Earn.....
  • #10,648
  • Apr 21, 2015 10:06pm Apr 21, 2015 10:06pm
Quoting ectoplasm
{quote} Nice discussion, You shorting from 181? I believe it has a good chance of getting there. I notice that Price Movements are like golf - spoils a good walk! Would not be surprised if a pull back from resistance occurs around here, before marching higher.... {image}
im not sure where i will short from. going to let the chart tell me when to start looking for a short. right now its trying to kick the door in on a long and im trying to take that ride. just waiting to see if the market agrees with my premise
  • #10,649
  • Apr 21, 2015 10:07pm Apr 21, 2015 10:07pm
Quoting forexalien
{quote} His last post................. I hope he didn't have a trading accident..................
are your charts signaling long?
  • #10,650
  • Apr 21, 2015 10:13pm Apr 21, 2015 10:13pm
Quoting forexalien
{quote} His last post................. I hope he didn't have a trading accident..................
Hi Alien,

In case you did not know....

http://www.forexfactory.com/fx-ray
The world you desire can be won. It exists.. it is real.. it is possible..
  • #10,651
  • Apr 21, 2015 10:37pm Apr 21, 2015 10:37pm
Hello all my current analysis for the GJ pair looking for a dip around 178.4-178.5 to print today and then higher to 180.2. After that back short again if price action indicates so. I've indicated this with the small circle for my first entry to the long side and looking to short at the square. Over all in agreement with what a few have stated as basis for the day
Attached Image (click to enlarge)
Click to Enlarge Name: GJ.JPG Size: 210 KB
the market can remain irrational longer than you can remain solvent
  • #10,652
  • Apr 21, 2015 11:42pm Apr 21, 2015 11:42pm
yup it's sittin on top of the old-timey 178.43.....buy dips huh!!!
  • #10,653
  • Apr 21, 2015 11:57pm Apr 21, 2015 11:57pm
Quoting Gbp/jpy
yup it's sittin on top of the old-timey 178.43.....buy dips huh!!!
Yes, hold here takes it up. But daily fade underneath and below 178.16 says end of a B wave.
  • #10,654
  • Apr 22, 2015 12:06am Apr 22, 2015 12:06am
Keep calm and short on.
Be humble or be humbled.
  • #10,655
  • Apr 22, 2015 12:42am Apr 22, 2015 12:42am
Quoting Temujin
Keep calm and short on.
Time will tell. I wish FX-Ray shared his method on calculating the DPs since the levels changed weekly. It's somewhat close to daily pivot calculations but with expanded range.

Anyway, I'm short from 178.8 targeting 177.6x. Looking at the daily/4hr chart, 179.xx was a resistance for an inverted H/S. I'm still hoping for 175.7 retest before breaking the 179.xx resistance. It could go up to the 179.10 area or fall from here.
Lost....
  • #10,656
  • Apr 22, 2015 1:26am Apr 22, 2015 1:26am
Well, with 4H breaking and closing above 178.75, I'm staying out of GJ until we've got a more clear picture
  • #10,657
  • Apr 22, 2015 1:54am Apr 22, 2015 1:54am
gbp looking weak today. lets see if it gets some life
  • #10,658
  • Apr 22, 2015 2:06am Apr 22, 2015 2:06am
So far so good 178.4 178.5 printed. Got into longs now looking higher updated chart attached
Attached Image (click to enlarge)
Click to Enlarge Name: GJ continued.JPG Size: 169 KB
the market can remain irrational longer than you can remain solvent
  • #10,659
  • Apr 22, 2015 2:09am Apr 22, 2015 2:09am
Quoting Temujin
Yes, you guys are right. I'm going to give the pair another try Hickson. Each apex on the D1 has been lower than the last. Short at 178.63 and I will be patient this time Raiders. Scaled down the leverage to be able to take draws without having an emotional meltdown. About 179.50 to 181 will max it out this time.
I hope you're out mate, you need to stop pressing the issue !

Edit: Be careful everyone, bank rate news coming out in 1 hour 10 minutes, I wouldn't hold GBP positions through that!
  • #10,660
  • Apr 22, 2015 2:59am Apr 22, 2015 2:59am
too bad he is gone, it was a matter of time but thanks for everything ray!!
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