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Dragon Riders GBP/JPY

  • #11,941
  • Sep 25, 2015 5:46am Sep 25, 2015 5:46am
Quoting FX-Ray
watching 183.90/80 atm, if support next probably 184.60/50; if negative next probably 183.40/20
183.40/20 printed, as long as this area stays support I got higher levels as targets. Not sure if we still see another rise today but next week should be interesting. Last but not least, sellers caught inbetween 183.40/20 and buyers caught 183.90+

Add: Price > average-supply = bias up as long as level intact (because of short covering)
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  • #11,942
  • Sep 25, 2015 6:50am Sep 25, 2015 6:50am
Quoting FX-Ray
{quote} Current {image}
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #11,943
  • Edited 7:34am Sep 25, 2015 7:19am | Edited 7:34am
Quoting Mr. Scott
{quote} {image}
183.40/10 needs to taken out for that then its valid , pls check here.
  • #11,944
  • Sep 25, 2015 7:34am Sep 25, 2015 7:34am
Quoting FX-Ray
{quote} 183.40/10 needs to taken out for that then its valid , pls check here. Add: If taken out short target 182.30/20
Understood and agreed. But 182.20 is there.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #11,945
  • Sep 25, 2015 7:37am Sep 25, 2015 7:37am
Quoting Mr. Scott
{quote} Understood and agreed. But 182.20 is there.
Yep, its a valid short target, spot on.
  • #11,946
  • Sep 25, 2015 9:27am Sep 25, 2015 9:27am
Hope im wrong but i have a feeling like this is going to turn into a triangle consolidation pattern and drop through that old trend line
  • #11,947
  • Sep 25, 2015 9:46am Sep 25, 2015 9:46am
Side note.
NU approaching the daily trend line again. Bearish Divergence present. Shorting at retouch of the line
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  • #11,948
  • Sep 26, 2015 10:17am Sep 26, 2015 10:17am
Oh Dang....I think trend lines are all that matter to the big boys runnin' the show. Thanks for puttin' that chart up!!
I gotta go looky .... FXRay....friggin totally awesome display of horsepower....I gotta tell ya!!
  • #11,949
  • Sep 26, 2015 10:19am Sep 26, 2015 10:19am
edit to add.....till Tuesday on my eotwawki trading system....it becomes invalid at that juncture... " Then he just got back in his car and drove away " , coming up close
  • #11,950
  • Sep 27, 2015 7:22am Sep 27, 2015 7:22am
Hi FX-Ray,

Just want to consult you on the graph I'm able to make based from TPO analysis.

Imho. based from it, Value Area seems to be between 182.10/182.00 to 184.10/184.20 range. And based from the mid of 184.40/184.50 that price needs to be broken for further upside to around 186.80 (also September 14 - September 18 POC) For the downside part, I think 182.10/182.00 area needs to be broken to before it tries to break the 181.40/181.20 area first for further downside trade (based on the values for September 7 - September 11 range)..
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  • #11,951
  • Sep 27, 2015 11:06am Sep 27, 2015 11:06am
Quoting 55trillion
Please take a look. . http://www.forexfactory.com/showthread.php?t=559387
Please take your garbage somewhere else and don't pollute this great thread.
Lost....
  • #11,952
  • Edited 12:23pm Sep 27, 2015 12:02pm | Edited 12:23pm
Quoting sethsera
Hi FX-Ray, Just want to consult you on the graph I'm able to make based from TPO analysis. Imho. based from it, Value Area seems to be between 182.10/182.00 to 184.10/184.20 range. And based from the mid of 184.40/184.50 that price needs to be broken for further upside to around 186.80 (also September 14 - September 18 POC) For the downside part, I think 182.10/182.00 area needs to be broken to before it tries to break the 181.40/181.20 area first for further downside trade (based on the values for September 7 - September 11 range).. {image}
I checked up the dates you mentioned in your post and spot some crucial differences between your profile and mine. Check pic first.
Its important to use accurate and none-aggregated spot market prices, unfiltered.

You took the data of 7th-11th Sep'15, the current most recent low is 181.60 (24th Sep'15).
So anything above 181.60 is invalidated because its already traded. The point is context is a very important part here to consider. I prefer to watch at daily profiles here using the NY open and close time and chase for value.

Last but not least watch market/profile developing is also an important part to consider.

Anyway, chart looks great, check your data though. Nice Job

Inserted Video
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  • #11,953
  • Sep 27, 2015 5:18pm Sep 27, 2015 5:18pm
Quoting FX-Ray
{quote} I checked up the dates you mentioned in your post and spot some crucial differences between your profile and mine. Check pic first. Its important to use accurate and none-aggregated spot market prices, unfiltered. You took the data of 7th-11th Sep'15, the current most recent low is 181.60 (24th Sep'15). So anything above 181.60 is invalidated because its already traded. The point is context is a very important part here to consider. I prefer to watch at daily profiles here using the NY open and close time and chase for value. Last but not...

thanks... made a mistake on my post the graph i made is from last week 0921 to 0925 And thanks for the tip. since I use the whole day value I was wondering why the graph I made looks different from yours

Here's my September 7 - September 15 Graph
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  • #11,954
  • Sep 28, 2015 6:36am Sep 28, 2015 6:36am
Quoting sethsera
{quote} thanks... made a mistake on my post the graph i made is from last week 0921 to 0925 And thanks for the tip. since I use the whole day value I was wondering why the graph I made looks different from yours Here's my September 7 - September 15 Graph {image}
Check pic, red is traded. So be careful watching at significant levels. Recent > Past.
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  • #11,955
  • Sep 28, 2015 7:00am Sep 28, 2015 7:00am
Quoting FX-Ray
{quote} Check pic, red is traded. So be careful watching at significant levels. Recent > Past. {image}


thanks will do that
  • #11,956
  • Sep 28, 2015 7:39pm Sep 28, 2015 7:39pm
I expect that GJ soon will break the trend line.
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Money never sleeps I can hear the dollar calling me
  • #11,957
  • Sep 28, 2015 8:00pm Sep 28, 2015 8:00pm
iofcourse, we're still in the up block of 500 pips which is way down at 180.00.....to 185 and then 190 because 185 was spiked right through!!
till Tuesday on teotwawki that nikkei is down three per cent.....
  • #11,958
  • Edited 10:15pm Sep 28, 2015 9:07pm | Edited 10:15pm
Anyone else thinking of dropping a buy in at 181?

bought at 181.08 lets see if it turns here
  • #11,959
  • Sep 28, 2015 10:11pm Sep 28, 2015 10:11pm
Threre is a DP at 180.80~181.000
I myself will wait until that DP to be cleared out. if it breaks next support would be 179.20 otherwise we may go for long.

As the 181.40~60 was broken without any problem, I consider going Short as a more probable scenario.
Please correct me FX-Ray, if I am wrong.
  • #11,960
  • Sep 29, 2015 5:20am Sep 29, 2015 5:20am
Quoting Tryfoss
Threre is a DP at 180.80~181.000 I myself will wait until that DP to be cleared out. if it breaks next support would be 179.20 otherwise we may go for long. As the 181.40~60 was broken without any problem, I consider going Short as a more probable scenario. Please correct me FX-Ray, if I am wrong.
Sounds good Tryfoss except the short scenario atm, this may develope later. Thats what I see, check pic.

Short target 181.30/20 is printed, 180.70/60 still open. So if we see a break forget this scenario, 179.20/10 is a justified target then.
If not long target is 184.60/50.
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