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Dragon Riders GBP/JPY

  • #11,721
  • Sep 8, 2015 1:45am Sep 8, 2015 1:45am
G'evening, mates.

Just started buying the dip below 182 when my previous longs got SL hit.

Good god...Look at that bullish hourly candle on the far right.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (204).png Size: 28 KB


It's so big and beautiful. I think I just made my monthly minimum income in one day

Hard SL placed at 183.600 for now, longing from 182 and 182.40/.012. Optimal TP zone is around 185.30 +/- 20 pips.

Edit: Whoops; I forgot to hide my trade size. Edited.
  • #11,722
  • Sep 8, 2015 1:50am Sep 8, 2015 1:50am
My first take profit hit at the 50% retracment from last week. Still have open position to catch anything else.
  • #11,723
  • Edited 2:11am Sep 8, 2015 1:50am | Edited 2:11am
Upmove.....so lucky for us skipped 183
  • #11,724
  • Sep 8, 2015 1:51am Sep 8, 2015 1:51am
So 186 and a half is coming to our house...cool
  • #11,725
  • Sep 8, 2015 1:58am Sep 8, 2015 1:58am
Quoting FX-Ray
{quote} Looks like S/R 182.40/20 positive atm; if support first* target is 183.30/20 (check daily stat 4th Sept. 2015)
Next probably 184.70.
  • #11,726
  • Sep 8, 2015 2:04am Sep 8, 2015 2:04am
Quoting FX-Ray
{quote} Next probably 184.70.
You mean the September 2/3 highs? Yeah, I see that. But I'm leaning more towards 185.30/10, which is the next big resistance. For my numbers, I see 184.70 as only the halfway point between two resistances.

Ray, what's the next resistance you have in mind after 184.70?
  • #11,727
  • Sep 8, 2015 2:05am Sep 8, 2015 2:05am
Quoting Vermillion
{quote} You mean the September 2/3 highs? Yeah, I see that. But I'm leaning more towards 185.30/10, which is the next big resistance. For my numbers, I see 184.70 as only the halfway point between two resistances. Ray, what's the next resistance you have in mind after 184.70?
The high of 3rd Sep (184.70) caused a lower low on the daily, next I got is (10) 186.60/40
  • #11,728
  • Sep 8, 2015 2:07am Sep 8, 2015 2:07am
Quoting FX-Ray
{quote} (10) 186.60/40
.......Is it possible to hit that during London/New York session? I mean, that's a LOT of pips....


Ah, what am I saying. This is the geppy we're talking. Of course it's possible; 400 pip+ movements is nothing.

Edit: Huh...My next resistance happens to be the halfway point between your two resistances.
  • #11,729
  • Sep 8, 2015 2:11am Sep 8, 2015 2:11am
Quoting Vermillion
{quote} .......Is it possible to hit that during London/New York session? I mean, that's a LOT of pips.... Ah, what am I saying. This is the geppy we're talking. Of course it's possible; 400 pip+ movements is nothing. Edit: Huh...My next resistance happens to be the halfway point between your two resistances.
Your 185.30/10 is in range of 1st Sept. Profile indicates 185.00, not sure what role it plays yet, I think its too early to say. Check stat(pic).

Add: If 183.60/40 holds we should see a take out of the high, not tested yet. (pic)
Add(2): If 184.70 resistance we could see a test of the lows, or at least a retracement. I think this area is important.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.9.2015.png Size: 117 KB
  • #11,730
  • Edited 3:37am Sep 8, 2015 3:19am | Edited 3:37am
3.9.2015 (3rd Sept. 2015); chart M5
Attached Image (click to enlarge)
Click to Enlarge Name: 3.9.2015_profile.png Size: 115 KB
  • #11,731
  • Sep 8, 2015 3:54am Sep 8, 2015 3:54am
Inserted Video
  • #11,732
  • Sep 8, 2015 4:12am Sep 8, 2015 4:12am
Quoting FX-Ray
3.9.2015 (3rd Sept. 2015); chart M5 {image}
184.70 printed. Depends how price behaves here, if positive im long biased until thursday's MPC Official Bank Rate Votes & Official Bank Rate; next larger target DP 186.60/40; If 184.70/60 gets rejected, we may see a consolidation or/and retracement here.

Add: Anyway, nice job those who got long 181.00

Inserted Video
  • #11,733
  • Sep 8, 2015 4:16am Sep 8, 2015 4:16am
Quoting FX-Ray
3.9.2015 (3rd Sept. 2015); chart M5 {image}
hi!
i am sure you explained before (as i'm not following this topic on a regular basis) but would you mind explaining in short what does this image represent? Is it some kind of spread analysis or?

thanks
big numbers are our friends...
  • #11,734
  • Sep 8, 2015 4:18am Sep 8, 2015 4:18am
Quoting deeZG
{quote} hi! i am sure you explained before (as i'm not following this topic on a regular basis) but would you mind explaining in short what does this image represent? Is it some kind of spread analysis or? thanks
Look for TPO Chart (Time-Price Opportunity), its similar to that.
  • #11,735
  • Sep 8, 2015 4:21am Sep 8, 2015 4:21am
Quoting FX-Ray
{quote} Look for TPO Chart (Time-Price Opportunity), its similar to that.
got it.

thanks!
big numbers are our friends...
  • #11,736
  • Sep 8, 2015 4:21am Sep 8, 2015 4:21am
Quoting FX-Ray
{quote} 184.70 printed. Depends how price behaves here, if positive im long biased until thursday's MPC Official Bank Rate Votes & Official Bank Rate; next larger target DP 186.60/40; If 184.70/60 gets rejected, we may see a consolidation or/and retracement here. Add: Anyway, nice job those who got long 181.00 https://www.youtube.com/watch?v=bP--ezBeCIo
As always Such a treat to read your analysis

This Thursday will be important, so does 186.60/40, looking good so far.
  • #11,737
  • Sep 8, 2015 4:26am Sep 8, 2015 4:26am
Quoting workingforex
{quote} As always Such a treat to read your analysis This Thursday will be important, so does 186.60/40, looking good so far.


Inserted Video
  • #11,738
  • Sep 8, 2015 4:29am Sep 8, 2015 4:29am
Quoting FX-Ray
{quote} https://www.youtube.com/watch?v=rjVlQwja304
Well hey there Ray ... Nice to see you in the pages again.
Ghost Rider - WWTBMD?
  • #11,739
  • Edited 4:48am Sep 8, 2015 4:30am | Edited 4:48am
Quoting workingforex
{quote} As always Such a treat to read your analysis This Thursday will be important, so does 186.60/40, looking good so far.
Today's profile (8th Sept. 2015), probable pullback areas, if any. *Reference: 182.60/50
Attached Image (click to enlarge)
Click to Enlarge Name: pullback.png Size: 91 KB
  • #11,740
  • Sep 8, 2015 4:31am Sep 8, 2015 4:31am
Quoting albchr
{quote} Well hey there Ray ... Nice to see you in the pages again.
Hi mate, hope you are doing well
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