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Dragon Riders GBP/JPY

  • #11,041
  • May 15, 2015 2:11am May 15, 2015 2:11am
Break out retest under way. If successful, 189.7/190.5 in extension/ min 189.2 If unsuccessful, back to 187x or collapse.
  • #11,042
  • May 15, 2015 2:34am May 15, 2015 2:34am
this pair is all mixed up.
EA on the other hand is in wave 3. Buying this dip and grabing some pips
  • #11,043
  • May 15, 2015 3:11am May 15, 2015 3:11am
Quoting raiders
this pair is all mixed up. EA on the other hand is in wave 3. Buying this dip and grabing some pips
Raiders, how long is your average trade? are we talking Mins Hrs days?
  • #11,044
  • May 15, 2015 3:19am May 15, 2015 3:19am
I agree the pair is all mixed up. The candlestick pattern formed in the past 3 hours looks like the shooting star bearish reversal pattern. However, no other indicators such as Stochastics, RSI support this view as yet.
  • #11,045
  • May 15, 2015 4:09am May 15, 2015 4:09am
Quoting Talzus
{quote} Raiders, how long is your average trade? are we talking Mins Hrs days?
hours to days i dont like holding too long. people start talking in the news about stupid shit and before you know it my profits went out window

also, unless its a jpy pair i wont hold into the weekend. and thats rare. silly things happen over the weekend. but jpy is a currency of safety so....
but even still i like access to my money so like i said its rare. you can always find something to trade if you look hard enough. no point in taking risks like that imo
  • #11,046
  • May 15, 2015 4:15am May 15, 2015 4:15am
EA----throw a 200SMA on your chart and go down to the 5m. if everything stays as is im buying off the bounce.
  • #11,047
  • May 15, 2015 4:33am May 15, 2015 4:33am
Quoting raiders
{quote} hours to days i dont like holding too long. people start talking in the news about stupid shit and before you know it my profits went out window also, unless its a jpy pair i wont hold into the weekend. and thats rare. silly things happen over the weekend. but jpy is a currency of safety so.... but even still i like access to my money so like i said its rare. you can always find something to trade if you look hard enough. no point in taking risks like that imo

I am testing out a position trade strategy that I'm developing. So, depending on volatility I could be holding days to weeks. I don't know how successful it will be and I will be developing it as I go.

Thanks for the input, It will help me follow along with what you're discussing.
  • #11,048
  • May 15, 2015 4:38am May 15, 2015 4:38am
What a bad day to start off with. Put my SL at the high, hit my SL and bounced back South.

This pair has been ranging around +-150pips for the last few days.
  • #11,049
  • May 15, 2015 4:43am May 15, 2015 4:43am
Quoting FxLapozi
What a bad day to start off with. Put my SL at the high, hit my SL and bounced back South. This pair has been ranging around +-150pips for the last few days.

I know the feeling, this happened to me on Monday, lost 100 pips, closed the trade n then it dropped close to 300... was kicking myself
  • #11,050
  • May 15, 2015 4:46am May 15, 2015 4:46am
Quoting Talzus
{quote} I know the feeling, this happened to me on Monday, lost 100 pips, closed the trade n then it dropped close to 300... was kicking myself
Haha. I think I will stay out of this until a clearer direction comes out.
  • #11,051
  • May 15, 2015 5:13am May 15, 2015 5:13am
doesn't seem to be any power in the pairs I'm watching. I'm done for the week. Looking to short gj and long ea and possibly eurchf next week. Maybe not. Depends what the chart shows. But gj is telling me to short it for the time being. Just wish there was some power. There's news coming and maybe that's why there's no power tonight. Either way I'm trying to avoid news for awhile
  • #11,052
  • May 15, 2015 9:46am May 15, 2015 9:46am
Sell limit 188.567 ( and a few buy stops right above it...
  • #11,053
  • May 15, 2015 10:43am May 15, 2015 10:43am
Well Guys,

Bit of a meh week. nothing out there hit my strategy for an open really.

I'm on holiday next week so I wish you all the best of luck!

Catch you all soon!
  • #11,054
  • May 15, 2015 11:54am May 15, 2015 11:54am
EURCHF and GBPCHF same deal as EURAUD all broke channel on the 4H. Not jumping into them again today. But following the 200sma on the 5M for potential entry on sunday. hopefully it all goes well.

GJ still telling me to sell but not quite yet.
  • #11,055
  • Edited 3:26pm May 15, 2015 2:55pm | Edited 3:26pm
Quoting Mpt
Break out retest under way. If successful, 189.7/190.5 in extension/ min 189.2 If unsuccessful, back to 187x or collapse.
As the downtrend now limits at week close, and as cable maintains over 1.565/1.58 expect new highs next week and again ​after that as uj presumably gets up. For an analogy look at the earlier yen push to 189 after the main upwards thrust. Maybe towards 194 or 196. I've always thought that 195 ish would happen. The extension 1.38 of 118/175. 189.7 was the 1.27. Exactly. After that maybe a return towards 168.

​​Anyway this is formally my last post for a while as other things need attending to here. Kind thoughts and best wishes to all.

​
  • #11,056
  • May 15, 2015 11:30pm May 15, 2015 11:30pm
Quoting raiders
doesn't seem to be any power in the pairs I'm watching. I'm done for the week. Looking to short gj and long ea and possibly eurchf next week. Maybe not. Depends what the chart shows. But gj is telling me to short it for the time being. Just wish there was some power. There's news coming and maybe that's why there's no power tonight. Either way I'm trying to avoid news for awhile
no....sell the ea it's vacation mode now....check the last two years charts.....
  • #11,057
  • May 18, 2015 6:23pm May 18, 2015 6:23pm
Who has been stepping in at 188.55 on the GPB/JPY?
Pity the fool who thinks they'll make it overnight...
  • #11,058
  • May 19, 2015 12:56am May 19, 2015 12:56am
Quoting deanbo
Who has been stepping in at 188.55 on the GPB/JPY?
i sold at 188.3 but its been resisting to come down so moved sl to be. may be today it will may be not but its aming for 193 on my chart in long term
  • #11,059
  • May 19, 2015 2:18am May 19, 2015 2:18am
just for general principle, I bought 187.77....
stackin pips with the ea....um, that is to say.....the venerated and imperiously magnanimous and super efficient.....senior EL EURO DE LA AUSSIE
good gravy, boys....we got 17 percent yesterday and the day just got started already sittin on 23 percentile
  • #11,060
  • May 19, 2015 7:57am May 19, 2015 7:57am
Quoting Gbp/jpy
{quote} no....sell the ea it's vacation mode now....check the last two years charts.....
I took the last 2 days off thank god lol
Anyways, looking to see if we get a bounce on gu. If so I'm going to look for a spot to buy. Not sure if I will but I'm gonna search.
EG short is nice. I have a small order there. How far do you think EA has to fall
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