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Dragon Riders GBP/JPY

  • #11,101
  • Edited 10:54pm May 26, 2015 10:03pm | Edited 10:54pm
Quoting Gbp/jpy
ok Dragon Riders....long because we 're all positive on this decision point....above that 189.20....then the weekly wick may mean sell at any moment....
190.1/2 and perhaps if it gets funky 190.8/9 ?

also going to ride UJ to 124
  • #11,102
  • May 26, 2015 11:45pm May 26, 2015 11:45pm
Quoting skyrocket
so ur final target 193 ?
Resort to counting minor waves and fib extension; and place price alert at 191.90.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM30 27May15.png Size: 43 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #11,103
  • May 27, 2015 12:48am May 27, 2015 12:48am
Quoting skyhok
{quote} Resort to counting minor waves and fib extension; and place price alert at 191.90. {image}
ii can be a flat correction yes? or we gotta drop a bit?
  • #11,104
  • May 27, 2015 2:02am May 27, 2015 2:02am
Quoting raiders
{quote} ii can be a flat correction yes? or we gotta drop a bit?
You mean the short term long on dip of wave (ii) ? yes.
Elliott Wave for optimum entry, exit and risk management of trades
  • #11,105
  • May 27, 2015 2:13am May 27, 2015 2:13am
Quoting skyhok
{quote} You mean the short term long on dip of wave (ii) ? yes.
yes. to me its looking like a "flat" time correction as opposed to a straight pullback to the mean. in any case im buying this dip
  • #11,106
  • May 27, 2015 4:14am May 27, 2015 4:14am
Agree with the buyers, as the pair is nearly forming an ascending trend-channel.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 27 KB
  • #11,107
  • May 27, 2015 5:19am May 27, 2015 5:19am
Quoting Fx_Anil
Agree with the buyers, as the pair is nearly forming an ascending trend-channel. {image}
And so once it is in there it can never go down and follow it forever? You are making it a bit to easy
  • #11,108
  • May 27, 2015 6:56am May 27, 2015 6:56am
Quoting geektrader
{quote} And so once it is in there it can never go down and follow it forever? You are making it a bit to easy

No ways, it can go down provided it breaks the 187.80 support.
  • #11,109
  • May 27, 2015 7:44am May 27, 2015 7:44am
http://www.actionforex.com/action-in...0150527241517/


It looks like a decisive break of 190 and i am buying on dips.
  • #11,110
  • May 27, 2015 6:26pm May 27, 2015 6:26pm
good reading In here I think I remember an elliotteer wave target up there at 192.xx or so.....I don't know....where's that next dp.....I'll go looky
  • #11,111
  • May 27, 2015 6:28pm May 27, 2015 6:28pm
three d.p's real close to 192.70
  • #11,112
  • May 28, 2015 1:11am May 28, 2015 1:11am
still long....
did you see the 4H hammer.....and shooting star next to the spinning top.....
  • #11,113
  • May 28, 2015 8:08am May 28, 2015 8:08am
Amid broader up-trend, GBPJPY now moving into a short-term ascending trend-channel, suggesting dips are likely to be bought into...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH428052015.png Size: 4 KB
  • #11,114
  • May 28, 2015 12:23pm May 28, 2015 12:23pm
Huge sell opportunity here guys!
Good luck and may the odds be ever in your favor!
  • #11,115
  • Edited 2:22pm May 28, 2015 2:06pm | Edited 2:22pm
On second thought...nevermind...bull reaction off the TL bounce. Long at 189.80. SL at 189.12. TP at 196.94 which is right below the last weekly high from 9/21/08
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-28_14-04-41.png Size: 27 KB
Good luck and may the odds be ever in your favor!
  • #11,116
  • May 28, 2015 3:44pm May 28, 2015 3:44pm
what a top formation.
  • #11,117
  • May 28, 2015 4:17pm May 28, 2015 4:17pm
Quoting IgotAplan
what a top formation.
Good luck and may the odds be ever in your favor!
  • #11,118
  • Edited 11:45pm May 28, 2015 11:27pm | Edited 11:45pm
or the 192.xx is a magnet.......
on the side we could long the crud out of the eur/aud....when it goes up, sell the crap out of it....4500.....
  • #11,119
  • Jun 1, 2015 3:36am Jun 1, 2015 3:36am
Quoting dbutton1990
On second thought...nevermind...bull reaction off the TL bounce. Long at 189.80. SL at 189.12. TP at 196.94 which is right below the last weekly high from 9/21/08 {image}

Hey Dbutton,

Can you offer some advice; I am looking at position trades, similar to the one that you posted. An issue I am facing is that the market, for example this pair; has been ranging for a few days now. The level of money I am paying in swap rates is killing my trade.

Are you in and out several times? daily? or you holding from open? If so, how are you combating this issue?

A few kind people here have advised to only hold to the end of the day and re-buy the next. I am still in the trial and error stage of my trading plan so may go down this route if I can't get passed the swap rate issue.
  • #11,120
  • Jun 1, 2015 5:51pm Jun 1, 2015 5:51pm
LONG! First trade of new bigger account. Hope its a winner!
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