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Dragon Riders GBP/JPY

  • #11,481
  • Aug 13, 2015 10:34am Aug 13, 2015 10:34am
Damn missed my short entry. Looking to long again in the 93.30s and lower.
  • #11,482
  • Aug 13, 2015 11:02am Aug 13, 2015 11:02am
Quoting Patternz
Damn missed my short entry. Looking to long again in the 93.30s and lower.
I got my short in on a pending butttt, we seem to be losing steam. I'm thinking I should maybe close it out.
  • #11,483
  • Aug 13, 2015 12:05pm Aug 13, 2015 12:05pm
Well no point now in closing out, might as well see what happens. It's almost back up to where I sold. 194.265. I'm kicking myself right now for not taking profit, don't know why it reversed at that midpoint. Seems like it wanted to hit the floor.
  • #11,484
  • Aug 13, 2015 4:10pm Aug 13, 2015 4:10pm
Quoting gabe32
Well no point now in closing out, might as well see what happens. It's almost back up to where I sold. 194.265. I'm kicking myself right now for not taking profit, don't know why it reversed at that midpoint. Seems like it wanted to hit the floor.

Yeah, I caught that short earlier. Was surprised to see it back in the 194's I'm down to scalping now. All my position trades are closed.

Monthly is still bullish, weekly is still bullish, Daily is very rangy and 1hourly is starting to look bearish..

Interesting to see that the 200SMA is holding like a support, it seems the short pushes take it back down and then it starts climbing again. (i think mine is 50sma but could be 100).

Still hoping for a push to 196 but not a lot of clues. I'm seeing more suggestions of a reversal / correction. Theres 2 spinning tops on the 4H chart too, or I could be zoomed in to far actually. My 4hr trend line looks like the next few candles could break it..

Tomorrow will give some more insight and I might sit it out til Monday, or scalp..

Anyone seeing anything different?
  • #11,485
  • Aug 13, 2015 4:39pm Aug 13, 2015 4:39pm
Quoting Talzus
{quote} Yeah, I caught that short earlier. Was surprised to see it back in the 194's I'm down to scalping now. All my position trades are closed. Monthly is still bullish, weekly is still bullish, Daily is very rangy and 1hourly is starting to look bearish.. Interesting to see that the 200SMA is holding like a support, it seems the short pushes take it back down and then it starts climbing again. (i think mine is 50sma but could be 100). Still hoping for a push to 196 but not a lot of clues. I'm seeing more suggestions of a reversal / correction....
Not sure if that first one on the four hour wants to be a spinning top or not, least on my chart. The second one could be. And I am also thinking 196.xx is over due. Though that 195.xx area is proving to be strong resistance. I'm not sure if I'll be placing any trades tomorrow. I'm not a scalper, I'd call myself more of a intraday swing trader, average trade is held around 5 hours or less. And with it closing out the day kinda in limbo land. Don't really have a direction to trade.
  • #11,486
  • Aug 13, 2015 4:55pm Aug 13, 2015 4:55pm
i have some pending. Here is my pic of supply demand area daily view. Its near the top. Is it momentum to go up or down though.
Attached Image (click to enlarge)
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  • #11,487
  • Aug 13, 2015 8:55pm Aug 13, 2015 8:55pm
Normally I don't use trend lines, have seen them act falsely to many times but in this case.....
Attached Image (click to enlarge)
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  • #11,488
  • Aug 14, 2015 4:26am Aug 14, 2015 4:26am
Price is very compressed right now..

We might get a move today... I do hope so.. Good way to end the week.
  • #11,489
  • Aug 14, 2015 5:29am Aug 14, 2015 5:29am
Price has been ranging for three days now with so many whipsaws running about.
So, how many ppl got wiped out?
  • #11,490
  • Aug 14, 2015 5:52am Aug 14, 2015 5:52am
Quoting andrern2000
Price has been ranging for three days now with so many whipsaws running about. So, how many ppl got wiped out?

I've made 7% net return this week
  • #11,491
  • Aug 14, 2015 5:52am Aug 14, 2015 5:52am
Quoting andrern2000
Price has been ranging for three days now with so many whipsaws running about. So, how many ppl got wiped out?
The answer should be No one. Show some patience and wait for the break

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Respect the inescapable certainity of Math
  • #11,492
  • Aug 14, 2015 6:02am Aug 14, 2015 6:02am
Any Elliot Wave fans here?

If so, where are we at? I'd love to learn Elliot Wave, but it seems detailed and I'm not ready to take on a new project yet.
  • #11,493
  • Aug 14, 2015 8:43am Aug 14, 2015 8:43am
Still in it like a glove...beautiful.

And I've studied it, don't utilize it though. To many variables to it. Didn't seem accurate enough to me.
Attached Image (click to enlarge)
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  • #11,494
  • Aug 14, 2015 10:29am Aug 14, 2015 10:29am
False breakout here I got stopped out in. Luckily I got a sell in before we had that ride down.
Attached Image (click to enlarge)
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  • #11,495
  • Aug 14, 2015 10:36am Aug 14, 2015 10:36am
I got scared for a moment.. I was short all day..... that bullish run made my knees weak...

Held my nerve n closed out at 193.8....

Heart attack over.
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  • #11,496
  • Aug 14, 2015 11:21am Aug 14, 2015 11:21am
That bulls scared shit out of me.
I'm short with the target of 192.50...
This is going too slow....
Any views on this pair?
Attached Image (click to enlarge)
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Money never sleeps I can hear the dollar calling me
  • #11,497
  • Aug 14, 2015 11:25am Aug 14, 2015 11:25am
SL?
  • #11,498
  • Aug 14, 2015 11:30am Aug 14, 2015 11:30am
Quoting cat
SL?
My sl is at 195.25
Money never sleeps I can hear the dollar calling me
  • #11,499
  • Aug 14, 2015 11:38am Aug 14, 2015 11:38am
Quoting shivam332
{quote} My sl is at 195.25
Well I don't want to influence you but I've got a buy signal on H1 which could take it up towards today's R1 perhaps R2, which is on your SL. I do have possible resistance showing at around 194,70, but that's really all I can say. I wouldn't have sold there that's for sure, but then who's to say I'm right
  • #11,500
  • Aug 14, 2015 11:41am Aug 14, 2015 11:41am
Quoting shivam332
That bulls scared shit out of me. I'm short with the target of 192.50... This is going too slow.... Any views on this pair? {image}
GBP is somehow a reserve currency now,
only go long; especially GBP vs NZD - AUD - JPY
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