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Dragon Riders GBP/JPY

  • #10,861
  • Edited 1:24am May 7, 2015 1:11am | Edited 1:24am
Quoting ectoplasm
{quote} Has that look of wanting to bounce higher... {image}
And it may do so. I would prefer that to give credence to a bearish view. But last time the pound took it up we never got that expected up move.​ It looked bullish but just went sideways.

In a sideways move, it either plays the Sept 2014 game, or it must break 181.25/3 to avoid replaying Nov 2014 .... plus getting below 180.5
  • #10,862
  • Edited 3:42am May 7, 2015 1:39am | Edited 3:42am
I expect that it'll test 181.5 again, maybe even break it briefly and then move up for 183.3/6. With election day volatility upon us I'll just wait patiently fur the drop and will trade long only if I see solid long PA. Too many sources have been reporting that it will drop for election so I'm just looking for the opposite right now. Past that, or if it solidly breaks 181.3, no idea, market's been pretty messy these past days...

Edit: Triggered on 181.58, SL 180.95 TP 183.1

Edit2: barely still in, crazy move down for a stop hunt/bear trap or reversal, we'll see. Either way seems I misread my entry (purely on the technical side it looked good, but should've taken into account the elections after all...)
  • #10,863
  • May 7, 2015 3:31am May 7, 2015 3:31am
The daily gann has flipped but it must now sustain lower
  • #10,864
  • May 7, 2015 3:33am May 7, 2015 3:33am
Long 180.956 scalp
  • #10,865
  • May 7, 2015 3:53am May 7, 2015 3:53am
Next support 180.8, arguably 180.7 . But it must break below 180.4/5 to be/remain bearish. And 181.3 must be short term resistance
  • #10,866
  • May 7, 2015 4:12am May 7, 2015 4:12am
Quoting alexpi
Cheers to you and Ray for sharing. For anyone who likes to add them to their own template rather than use Ray's complete template - the DP numbers are: 191.1/2 188.0/1 185.4/5 183.2/3 181.0/1 177.8/9 175.2/3
long from rays dp 181
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  • #10,867
  • May 7, 2015 4:13am May 7, 2015 4:13am
Quoting r4nd0m
{quote} long from rays dp 181
Much better entry than mine, nice one random I wish I'd kept the *patiently* part of my post above better!
  • #10,868
  • May 7, 2015 4:17am May 7, 2015 4:17am
Quoting alexpi
Much better entry than mine, nice one random I wish I'd kept the *patiently* part of my post above better!
watched ray for long time
it was hard for me to wait
2 losers before this tradei still wonder what sick math he used to calc dps
183.3/2 good target?? thx alex
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  • #10,869
  • May 7, 2015 4:19am May 7, 2015 4:19am
Quoting r4nd0m
{quote} watched ray for long timeit was hard for me to wait2 losers before this tradei still wonder what sick math he used to calc them183.3/2 good target??thx alex
It will be decided on the 1/2 (182.15), if it gets there. Need to confirm 181.3 as support first
  • #10,870
  • May 7, 2015 4:20am May 7, 2015 4:20am
u r right
one position out
quick +60 haha
maybe retest??
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  • #10,871
  • May 7, 2015 4:24am May 7, 2015 4:24am
See you guys. You've obviously got it all sorted. I guess you'll be all running on this data a year from now. But never really knowing why or how. I guess that's why why this forum became baby pips on steroids
  • #10,872
  • May 7, 2015 4:27am May 7, 2015 4:27am
Don't know what you mean Mpt, market's been tough to figure out over the past days, mostly been waiting and watching, and when I did get a position I missed my entry by more than 50 pips

Edit: Come now, don't be like that, I really don't know what you're talking about or why you're saying that
  • #10,873
  • May 7, 2015 5:00am May 7, 2015 5:00am
If eur/usd breaks out of its S/R zone of 1.1380/70 and gbp/usd breaks out of 1.5240, I expect another leg up for the gbp/jpy. Probably by one fibonacci resistance before testing the new support turned resistance.

Gbp/usd will probably be restricted to 1.5290/80 for the next few hours if it breaks out, followed by a retest of 1.5240/30 and 1.5200 after that if it decides to go down a bit.

I personally would not really hold the sterling for Friday...election data and NFP just make things a bit too volatile for me. I'll probably stick to the Aussie, kiwi, or euro.

I'm just dying to see a confirmation of a USD buying sentiment with a duration in the weekly level. Euro, sterling, and loonie are all tempting for me to sell off and buy the USD for a while, but we're not quite there yet.
  • #10,874
  • May 7, 2015 8:00am May 7, 2015 8:00am
Quoting Mpt
See you guys. You've obviously got it all sorted. I guess you'll be all running on this data a year from now. But never really knowing why or how. I guess that's why why this forum became baby pips on steroids
ye more steriods
bring it on
haha
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  • #10,875
  • May 7, 2015 9:45am May 7, 2015 9:45am
this reaction 181
rays dps boggle my mind every time
unreal
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  • #10,876
  • May 7, 2015 10:03am May 7, 2015 10:03am
Quoting r4nd0m
this reaction 181 rays dps boggle my mind every time unreal

Are these DP points always the same? Or just not changed since I've joined?

Not had a massive look at them yet, they don't fit my strategy, will go back at check them at some point though. Ray seems like a smart man.

Scalped 130ish pips today. got scared because of the elections! Still, better than losing pips
  • #10,877
  • May 7, 2015 10:10am May 7, 2015 10:10am
Quoting r4nd0m
{quote} watched ray for long time it was hard for me to wait 2 losers before this tradei still wonder what sick math he used to calc dps 183.3/2 good target?? thx alex
he is a excel genius ... took him 3 years to produce those DP's
  • #10,878
  • May 7, 2015 10:11am May 7, 2015 10:11am
Quoting Mpt
Channels and trend lines seem to get moved around all the time to 'suit' but there's always one line that never changes. {image}
always in the back of my mind
  • #10,879
  • May 7, 2015 10:16am May 7, 2015 10:16am
you guys watching UJ? if it breaks 119.7, 122 might be on the menu
  • #10,880
  • May 7, 2015 10:17am May 7, 2015 10:17am
Quoting Talzus
{quote} Are these DP points always the same? Or just not changed since I've joined? Not had a massive look at them yet, they don't fit my strategy, will go back at check them at some point though. Ray seems like a smart man. Scalped 130ish pips today. got scared because of the elections! Still, better than losing pips
ray posted weekly updates
so i think after every week
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