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Dragon Riders GBP/JPY

  • #10,961
  • May 11, 2015 5:02pm May 11, 2015 5:02pm
Quoting Gbp/jpy
check out my buddy ian copsey at ff....he uses divergence and equilibrium clouds.....for reversals he also has a few patterns.. He's here at ff and at harmonic Elliott ewave BlogSpot generally 4h and daily

Wow.. This guy loves his Elliott Waves! I'm gonna read up on him, thanks for this.
  • #10,962
  • May 12, 2015 3:14am May 12, 2015 3:14am
Load on Gbp Long again!!GoGoGo!
  • #10,963
  • May 12, 2015 3:32am May 12, 2015 3:32am
Quoting flynn91
Load on Gbp Long again!!GoGoGo!
That was a classic.
  • #10,964
  • May 12, 2015 3:43am May 12, 2015 3:43am
what is your target guys?
  • #10,965
  • May 12, 2015 3:46am May 12, 2015 3:46am
See how it's performing just decide!Currenly Gaining 80pips!Happy!
  • #10,966
  • May 12, 2015 3:52am May 12, 2015 3:52am
188.10.......
  • #10,967
  • May 12, 2015 3:56am May 12, 2015 3:56am
Quoting Gbp/jpy
188.10.......
lets get a nice pullback here to buy in again
  • #10,968
  • May 12, 2015 4:19am May 12, 2015 4:19am
Pending order triggered!!

Yeeehaa!!

Ride um cowboy!
  • #10,969
  • May 12, 2015 4:28am May 12, 2015 4:28am
Quoting Gbp/jpy
188.10.......
there it is
  • #10,970
  • May 12, 2015 4:33am May 12, 2015 4:33am
Quoting raiders
{quote} there it is
Why you jumping out there?

its very bullish, there are no resistances to fight? Am I missing something?
  • #10,971
  • May 12, 2015 4:38am May 12, 2015 4:38am
Quoting Talzus
{quote} Why you jumping out there? its very bullish, there are no resistances to fight? Am I missing something?
im hoping for a pullback to get back in and hit that same number again. if it comes then it comes if it doesnt well then i left some on the table ohh well...
  • #10,972
  • May 12, 2015 4:38am May 12, 2015 4:38am
You can argue that 188x will stop it. And you can argue that over 189.8 ish it's real bullish. After all 189 is the 1.27 extension 175/116. Therefore, by default it heads now for the 1.38 at about 195 or so. We DO know that 183 ish is a MAJOR pivot...it has been since Sterling Yen entered this whole consolidation in 1993.

But what if , just maybe, this is not the wave up to new heights. We sure know it's over extended on all time frames. And just what if/maybe it's in an expanding triangle, being one of GJ's old favourites. That would allow a move to 190/191 and still permit either a retest of 183/ or a marginal new low before another move up makes 192/195 and only retests to 183.

So it's either bullish in the extreme ... or it's contained within a larger expanding triangle. I sure know that no one in the popular press has canvassed this option, but it remains a possibility.
  • #10,973
  • May 12, 2015 4:39am May 12, 2015 4:39am
Only resistance I can now see is on the Weekly chart, anything lowere than that and we are in clear water. We are approaching that level on the Weekly, which I have at around 188,70, though with the wind in its sails it can easily be targeting 190.00.
  • #10,974
  • May 12, 2015 4:42am May 12, 2015 4:42am
Quoting Mpt
You can argue that 188x will stop it. And you can argue that over 189.8 ish it's real bullish. After all 189 is the 1.27 extension 175/116. Therefore, by default it heads now for the 1.38 at about 195 or so.
I was thinking in the same lines, anyways its a 80 pip trade, close half and have good start for a long with PA having 110 pips to play with, not much but a good start.
  • #10,975
  • May 12, 2015 5:16am May 12, 2015 5:16am
Just for a reference, we are in DP now, still see some upside, won't trade here though. If at all with tight stop.


PS Add: Ray they work perfect.
Attached Image (click to enlarge)
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  • #10,976
  • May 12, 2015 7:22am May 12, 2015 7:22am
Newbie question.

on the weekly TF. There is a very neat W forming.

Is this a pattern I should watch out for? or am I being a little hopeful?
  • #10,977
  • May 12, 2015 8:16am May 12, 2015 8:16am
Quoting HareshBM
GBPJPY seems to have give a strong break-out and follow through momentum above 185.00 mark and now clearly seems to be headed towards its next resistance near 187.50 area.
As was expected, cleared 187.50 resistance and now is the time to table some profits...
  • #10,978
  • May 12, 2015 5:25pm May 12, 2015 5:25pm
Quoting Mpt
You can argue that 188x will stop it. And you can argue that over 189.8 ish it's real bullish. After all 189 is the 1.27 extension 175/116. Therefore, by default it heads now for the 1.38 at about 195 or so. We DO know that 183 ish is a MAJOR pivot...it has been since Sterling Yen entered this whole consolidation in 1993. But what if , just maybe, this is not the wave up to new heights. We sure know it's over extended on all time frames. And just what if/maybe it's in an expanding triangle, being one of GJ's old favourites. That would allow a move...
And your other post....excellent summary man,
What about bearish if the global scene is failing in front of our eyes. Or, we get three or four more months till September / October Black Mondays.
  • #10,979
  • May 12, 2015 7:28pm May 12, 2015 7:28pm
could be wave three is up next for the GBP/JPY....can you just imagine.....w/ 186.77 as the line in the sand for a correction wave

hey, I just call 'em as I see 'em.....man...
  • #10,980
  • May 12, 2015 8:03pm May 12, 2015 8:03pm
dont you think its gotta pullback some?
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