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Dragon Riders GBP/JPY

  • #11,461
  • Aug 10, 2015 1:39pm Aug 10, 2015 1:39pm
Quoting Patternz
Hmmm shorted 194.14. looking for 93.48
If it revisits 194.38, ill short with a tight sl. Had a good morning run, dont wanna be greedy, im gonna play it safe and just hunt a few pips. Besides, its gonna be a dead evening now. I think when jpy session opens there will be some activity on audjpy and gbpjpy which might change my sentiments gl with the trade.
  • #11,462
  • Aug 10, 2015 2:53pm Aug 10, 2015 2:53pm
I have another pending short .70 may not hit till tonite or tomorrow maybe not at all.
  • #11,463
  • Aug 11, 2015 5:37am Aug 11, 2015 5:37am
So,

Interesting start to the week. Bull move is still on track after weekend correction.

Starting to see price congest into a 20 pip range. still very bullish. Assuming that this range will continue until news release /NY open.

Wedge is forming on the 1H chart. setting pending orders at 194.38 sell stop
194.99 buy stop

If this breaks out, I'm catching it.

Anyone got a more technical view? I'm at work so limited to mobile applications.
  • #11,464
  • Aug 11, 2015 10:47pm Aug 11, 2015 10:47pm
Looks like we may hit up the monthly R1 again.
  • #11,465
  • Aug 12, 2015 3:37am Aug 12, 2015 3:37am
YEEEHHAA!!

Rollercoster ride back down to 193.5 - bad news is so profitable..
  • #11,466
  • Aug 12, 2015 6:07am Aug 12, 2015 6:07am
Yeah my two pending sells got hit while sleeping. I'm glad I started using those haha.
  • #11,467
  • Aug 12, 2015 6:26am Aug 12, 2015 6:26am
Quoting gabe32
Yeah my two pending sells got hit while sleeping. I'm glad I started using those haha.

Yeah, love pending orders, great when you cant stare at charts all day.

looks like we're in another correction? Starting to get a feel for this pair. It likes posting new highs but slowly. Struggling with that Monthly Resistance zone.

Hovering next to the 200SMA at the moment but looking for more shorts and setting up pending longs. Seems like we have a nice range to play with now.
  • #11,468
  • Aug 12, 2015 9:03am Aug 12, 2015 9:03am
Those shorts i placed were in red before i went to bed. Nice to wake up to positive pips. Now looking for other long opportunities unless the dragon wants to bomb some more.
  • #11,469
  • Aug 12, 2015 9:48am Aug 12, 2015 9:48am
Quoting Talzus
{quote} Yeah, love pending orders, great when you cant stare at charts all day. looks like we're in another correction? Starting to get a feel for this pair. It likes posting new highs but slowly. Struggling with that Monthly Resistance zone. Hovering next to the 200SMA at the moment but looking for more shorts and setting up pending longs. Seems like we have a nice range to play with now.
Well usually I set the alarm for every two hours all night as I sleep, But somtimes I still miss entries, and somtimes I just wanna sleep, haha.
  • #11,470
  • Aug 12, 2015 10:48am Aug 12, 2015 10:48am
Quoting gabe32
{quote} Well usually I set the alarm for every two hours all night as I sleep, But somtimes I still miss entries, and somtimes I just wanna sleep, haha.

WOW... That's dedication. The most I do is wait for the market to open on Sunday to see what happens, then its off to bed for a full 8 hrs! lol

every 2 hours?!?!

If I was woken like that, I'd be the crazy person you read about in the news walking into a bank with a banana pretending its a gun! {insert crazy face here}
  • #11,471
  • Aug 12, 2015 10:55am Aug 12, 2015 10:55am
Quoting Talzus
{quote} WOW... That's dedication. The most I do is wait for the market to open on Sunday to see what happens, then its off to bed for a full 8 hrs! lol every 2 hours?!?! If I was woken like that, I'd be the crazy person you read about in the news walking into a bank with a banana pretending its a gun! {insert crazy face here}
Ehh its a little rough. Not run into a bank rough though, haha. We're I live the European session is our nighttime, I like to get trades in then and during US session. So gotta be up every 1-2 hours to check charts an news for about 5 minutes then back to sleep. I can fall asleep again in minutes so that helps. But I'm starting to get more accurate and can place my pendings with decent aim. And I'm trying to be a full time trader, kinda why I gotta be up for the 2 most liquid session's.
  • #11,472
  • Edited 11:24am Aug 12, 2015 11:05am | Edited 11:24am
If this pair keeps being nice it will be my favorite pair. Do you guys use fib levels for entry and exits? If so what levels are you entering and exiting?
  • #11,473
  • Aug 12, 2015 12:30pm Aug 12, 2015 12:30pm
Quoting Patternz
If this pair keeps being nice it will be my favorite pair. Do you guys use fib levels for entry and exits? If so what levels are you entering and exiting?
I'm to cynical to use fib for predefined entries I do watch for breakouts at these levels tho.I use price action combined with a clever trick to pick my entries. Yeah this is my favourite pair at the moment. Though that's how they trap you. At the moment the trap looks like it's set. Just have to be agile n not get caught out
  • #11,474
  • Edited 1:59pm Aug 12, 2015 1:41pm | Edited 1:59pm
yea shootin for 50 retrace but shooting star forming on h1 soo..sit on hands.
  • #11,475
  • Aug 12, 2015 6:58pm Aug 12, 2015 6:58pm
Anyone else see the ascending triangle? Watch it not follow pattern and hit the monthly pivot, that's why I'm hesitant to play this. This pair lately seems to always want to hit the top an bottem before a reversal.
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  • #11,476
  • Aug 12, 2015 7:25pm Aug 12, 2015 7:25pm
Quoting gabe32
Anyone else see the ascending triangle? Watch it not follow pattern and hit the monthly pivot, that's why I'm hesitant to play this. This pair lately seems to always want to hit the top an bottem before a reversal. {image}
i see a evening star reversal into consolidation above sma. M, W up and a possible break out to .70 and below. And if it closes above ema 21 in next 30 min. coupled with bad jpy news i think ill take my 20 pips and reverse to short.
  • #11,477
  • Aug 12, 2015 8:46pm Aug 12, 2015 8:46pm
Quoting Patternz
{quote} i see a evening star reversal into consolidation above sma. M, W up and a possible break out to .70 and below. And if it closes above ema 21 in next 30 min. coupled with bad jpy news i think ill take my 20 pips and reverse to short.
wow, almost exactly after my 20 it dropped. Weird...
  • #11,478
  • Aug 13, 2015 3:27am Aug 13, 2015 3:27am
Yeah,

This pair seems like its running out of steam.....

I'm scalping the bulls but looking to add shorts if it does tank. Bulls are trying to push price up but bears are balancing them well.


I can see both the morning star and the wedge, pending shorts below 193.3! lets hope it don't drop yet, might get some better entries further up
  • #11,479
  • Aug 13, 2015 3:27am Aug 13, 2015 3:27am
Quoting gabe32
Anyone else see the ascending triangle? Watch it not follow pattern and hit the monthly pivot, that's why I'm hesitant to play this. This pair lately seems to always want to hit the top an bottem before a reversal. {image}
What app is that?
  • #11,480
  • Aug 13, 2015 10:22am Aug 13, 2015 10:22am
Quoting Talzus
{quote} What app is that?
FXCM, I just made a demo account so I can chart off it. My Broker is Tallinex.
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