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Dragon Riders GBP/JPY

  • #11,821
  • Edited 4:03pm Sep 14, 2015 3:21pm | Edited 4:03pm
if 184 goes only then right below 181 is where that trendline is. Edit.....sl hit. Sidelines for awhile.
  • #11,822
  • Sep 14, 2015 7:27pm Sep 14, 2015 7:27pm
Looking for a close above the 185.80 area on the 4hr...

IF not, then we'll get another short opportunity...

The volatility might just fluctuate this a good bit similarly to 09/09 and 09/10...

Thus, creating a head and shoulders formation, and a good opportunity for a short position again.

Only picked up ~ 50pips this afternoon.
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  • #11,823
  • Sep 14, 2015 10:25pm Sep 14, 2015 10:25pm
Second sell off last week's close, lets see if this one will hit 184.
  • #11,824
  • Sep 15, 2015 12:36am Sep 15, 2015 12:36am
CPI in a few hours....prob get direction there
  • #11,825
  • Sep 15, 2015 1:32am Sep 15, 2015 1:32am
Testing the 50Fib Fan, might break, but...

If not, it will squeeze between the 100sma and 50Fib Fan...
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  • #11,826
  • Sep 15, 2015 1:53am Sep 15, 2015 1:53am
looks determined to drop. Thinking 184 will be a walk in the park.
  • #11,827
  • Sep 15, 2015 10:37am Sep 15, 2015 10:37am
GJ 30M

Bullish divergence can be seen on yellow line.....RSI dipped slightly below 30......consolidating inside of consolidation


anyone see something different?
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  • #11,828
  • Sep 15, 2015 11:37am Sep 15, 2015 11:37am
Quoting raiders
GJ 30M Bullish divergence can be seen on yellow line.....RSI dipped slightly below 30......consolidating inside of consolidation anyone see something different? {image}
Waiting for a close above the 184.66 level on the hourly... which it looks like it might do...
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  • #11,829
  • Sep 15, 2015 11:40am Sep 15, 2015 11:40am
Quoting dCtrader15
Testing the 50Fib Fan, might break, but... If not, it will squeeze between the 100sma and 50Fib Fan... {image}
Looks like we're getting that squeeze in between the 100sma and 50Fib Fan...

Then, we should get a break... I'm hoping on the downside, But

The divergence looks good to me Raiders!
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  • #11,830
  • Sep 15, 2015 12:58pm Sep 15, 2015 12:58pm
Quoting dCtrader15
{quote} Looks like we're getting that squeeze in between the 100sma and 50Fib Fan... Then, we should get a break... I'm hoping on the downside, But The divergence looks good to me Raiders! {image}
I lean up side because of the divergence and also the bull flag pattern on the 1H EJ chart

Basically both pair correlated and telling me to expect some JPY weakness.

Any thoughts? Kinda tired so kinda zoned out right now
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  • #11,831
  • Sep 15, 2015 1:52pm Sep 15, 2015 1:52pm
Actually, this is what I see....between 183.3 - 183.00. Time will tell tomorrow.
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Lost....
  • #11,832
  • Sep 15, 2015 2:23pm Sep 15, 2015 2:23pm
Quoting gespiri
Actually, this is what I see....between 183.3 - 183.00. Time will tell tomorrow. {image}
That looks very good also. perhaps only thing to do then is play a break below 184.2 and above 186 maybe. one more down would make sense in both EJ and GJ
  • #11,833
  • Sep 15, 2015 3:21pm Sep 15, 2015 3:21pm
Quoting raiders
{quote} I lean up side because of the divergence and also the bull flag pattern on the 1H EJ chart Basically both pair correlated and telling me to expect some JPY weakness. Any thoughts? Kinda tired so kinda zoned out right now {image}
I'm with you on that raider. I see a buy coming here shortly. GL!
  • #11,834
  • Sep 15, 2015 9:49pm Sep 15, 2015 9:49pm
i just shorted this pair.. target 183.77.
use leverage with caution...
  • #11,835
  • Sep 15, 2015 11:37pm Sep 15, 2015 11:37pm
So we got the squeeze I was looking for after the last drop

Now, I'm looking for a down move to ~ 182.50 then ~180.50

News at 0430 though, but might move before that...
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  • #11,836
  • Sep 16, 2015 12:42am Sep 16, 2015 12:42am
Quoting FX-Ray
{quote} build a map of market behaviour. Observation & Conclusion. Add: Nice Job
Thanks for attention and instruction. I will follow your advise and will be return with more advanced questions.
  • #11,837
  • Sep 16, 2015 1:31am Sep 16, 2015 1:31am
Quoting Tryfoss
{quote} Thanks for attention and instruction. I will follow your advise and will be return with more advanced questions.
You're welcome.

pay attention to 184.40/20, market structure (Low of 10th Sept.'15) confirmed by profile.
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  • #11,838
  • Edited 9:57am Sep 16, 2015 9:32am | Edited 9:57am
just bought some cad at 1.32 its the bottom of the consolidation on the daily. lets see if the line holds....



edit....doenst appear to be holding. wait and see time now
  • #11,839
  • Sep 16, 2015 9:34am Sep 16, 2015 9:34am
also...wtf GJ pull back already so i can buy me some more
  • #11,840
  • Sep 16, 2015 9:51am Sep 16, 2015 9:51am
I bought in at the first 1 hour close above last week's close. I missed getting in at the bottom.
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