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Dragon Riders GBP/JPY

  • #11,021
  • May 13, 2015 10:25pm May 13, 2015 10:25pm
The Spirit is telling me a fall.....
  • #11,022
  • May 13, 2015 10:47pm May 13, 2015 10:47pm
Quoting Gbp/jpy
The Spirit is telling me a fall.....
Which pair
  • #11,023
  • May 13, 2015 10:52pm May 13, 2015 10:52pm
185 in works for today then?
  • #11,024
  • May 13, 2015 10:52pm May 13, 2015 10:52pm
the gbp pairs......divergence.....and riding the euro up AllyB's dustbins.....one last push down on the dollar
  • #11,025
  • May 13, 2015 10:54pm May 13, 2015 10:54pm
185 I am not sure, but I am targeting 186,6 (fib level). I will wait for a little pull back around 188 to enter short.

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  • #11,026
  • May 13, 2015 11:42pm May 13, 2015 11:42pm
Even if the pair reversed from 188.60, on a break below 187 could provide additional damages to the GBPJPY, overall it looks like testing 190 soon.
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  • #11,027
  • May 14, 2015 2:00am May 14, 2015 2:00am
personally, I wont short gbp/jpy before 200ish area.
This is the sign for long
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  • #11,028
  • May 14, 2015 2:07am May 14, 2015 2:07am
Quoting Mr. Monk
personally, I wont short gbp/jpy before 200ish area. This is the sign for long {image}

Hey Mr Monk,

I am still learning so please correct me if I'm wrong. That trendline seems wrong my friend. You're using the LH of a down trend to plot the start of an up trend? Shouldnt it start after the range around thursday 16th?

If you had started it there, the trend would still be in channel.
  • #11,029
  • May 14, 2015 2:18am May 14, 2015 2:18am
Quoting Talzus
{quote} Hey Mr Monk, I am still learning so please correct me if I'm wrong. That trendline seems wrong my friend. You're using the LH of a down trend to plot the start of an up trend? Shouldnt it start after the range around thursday 16th? If you had started it there, the trend would still be in channel.

I am still learning too..
Any one give us an opinion?
  • #11,030
  • May 14, 2015 2:39am May 14, 2015 2:39am
Quoting Mr. Monk
{quote} I am still learning too.. Any one give us an opinion?
Me too learning, so far i have learned that they are visual references that can present angular support and resistance and i can place them as I want, where I believe there is support and resistance, for example, dono. Here on MA 7
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  • #11,031
  • May 14, 2015 2:40am May 14, 2015 2:40am
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}
compliments of mpt. burn this image into your brain

cant pull up the picture but go back and find it. its the daily
  • #11,032
  • May 14, 2015 2:46am May 14, 2015 2:46am
Quoting raiders
{quote} compliments of mpt. burn this image into your brain cant pull up the picture but go back and find it. its the daily
Yes, it broke. But the next challenge is to see how long (in time) or distance travelled above and below in recent times. For the entire move up ex 116, price has hated being above for too long. But sometimes 'too long' has been months. But then it tries to back under again. It's obviously a channel centre (or maybe WAS - past tense - but who knows right now.
  • #11,033
  • May 14, 2015 2:56am May 14, 2015 2:56am
Quoting Mpt
{quote} Yes, it broke. But the next challenge is to see how long (in time) or distance travelled above and below in recent times. For the entire move up ex 116, price has hated being above for too long. But sometimes 'too long' has been months. But then it tries to back under again. It's obviously a channel centre (or maybe WAS - past tense - but who knows right now.
i just went back and took a look at the monthly and if it keeps pace or just stays at this level to finish month, were bullish. breaking out of a bull pennant psar will flip as well.
  • #11,034
  • May 14, 2015 3:08am May 14, 2015 3:08am
EA recently broke out of a nice channel. buying the dip
  • #11,035
  • May 14, 2015 7:07am May 14, 2015 7:07am
Quoting raiders
{quote} compliments of mpt. burn this image into your brain cant pull up the picture but go back and find it. its the daily
But you want some other real channels that don't move, look at this one.

Nearly every rising channel/TL is a problem caused by none other than the Japanese. Three failed interventions (in green) may well have set the tone for a rise, but when 500 million dollars in one bang can't break above a key level, then all TL's running out of that place have the same issue. Although the first intervention shown was a BOJ/BOE/FED/EU venture after Tokyo asked for help.

If there had no interventions and no 'easing', price would still have got to 175 via a different less messy path and by now more than likely would be well up in the climb. We all knew back then that it would get to 145/147 then fall back - but that's when all the crap began. They did it the hard way - and the expensive way - and, really, they're probably no better off.

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  • #11,036
  • Edited 3:01pm May 14, 2015 9:31am | Edited 3:01pm
nice of ya Mpt......Good graphic for seeing so much........now I see a downward direction more clearly. since my end of the year reversal which happens within three weeks of the date......happened three weeks before this time so, if we see no 189.66......sail the hail out of it.....sell and hold, baby!!
  • #11,037
  • May 14, 2015 6:49pm May 14, 2015 6:49pm
thinking its time to sell
  • #11,038
  • Edited 8:39pm May 14, 2015 8:09pm | Edited 8:39pm
And that euro looks like one more up on the dealer chart....4H
,
the g/j on the 4H.....says up.....or anyway, the head and shoulders....which looked so perfect....is now shot to sheet and all deformed and uglyfied.( I sold the .31.....anyway )

And AllyB dustbins are on the money
  • #11,039
  • May 14, 2015 9:18pm May 14, 2015 9:18pm
Oh the cable......big time up trend.....Elliott wave analysis-wise.....maybe a small pullback to 5633, then bash-boom....to the moon Alice....
It has the wave start....which we just witnessed the last 8 daily candles according to my buddy Valeria B....with a story telling huge...." A....B....C.." which is typical of a powerful super wave 3......the magnum wave 3's type....
It's hardly worth shorting today....just buy any dip
  • #11,040
  • May 14, 2015 10:45pm May 14, 2015 10:45pm
sellin .36.....at 1:30 am in New York
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