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Dragon Riders GBP/JPY

  • #12,061
  • Oct 13, 2015 10:09am Oct 13, 2015 10:09am
Quoting FX-Ray
{quote} still dont know which trendline you mean you mind to post a screenshot? thanks in advance
you go it dude. give me a min or two

Weekly trendline going back to 2013. Seems to have almost a perfect correlation with your DPs. By pairing your numbers with this line ive been able to catch the bounces
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  • #12,062
  • Oct 13, 2015 10:25am Oct 13, 2015 10:25am
Quoting raiders
{quote} you go it dude. give me a min or two Weekly trendline going back to 2013. Seems to have almost a perfect correlation with your DPs. By pairing your numbers with this line ive been able to catch the bounces {image}
thanks dude
  • #12,063
  • Oct 13, 2015 10:34am Oct 13, 2015 10:34am
Red line is a daily
Grey line is from that same weekly posted previously.

Either way....just pairing your numbers with these lines im getting my entry targets. havent needed to be exact very either because the number ranges just seem to match up.

That said i need to raise my target buy price slightly because its late in the day and i dont think we will get down to the 181.4ish area and its a rising trendline so price will obviously continue to gain ground. But, 181.6ish now looks like it might be doable? Anyways, as long as the lines keep holding and matching the digits ill keep buying
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  • #12,064
  • Oct 13, 2015 11:25am Oct 13, 2015 11:25am
Anyways....GJ...Thinking of dropping a sell at 183 down to 181.6. Anyone seeing that too?
  • #12,065
  • Oct 13, 2015 11:31am Oct 13, 2015 11:31am
Quoting raiders
Anyways....GJ...Thinking of dropping a sell at 183 down to 181.6. Anyone seeing that too?
There's a good possibility of me shorting at the close of the daily candle. If all goes well, I'll be holding the position down to 177.00-176.00.
Past few trading days have been slow but it's starting to get momentum to the downside again.

  • #12,066
  • Oct 13, 2015 2:58pm Oct 13, 2015 2:58pm
Shorted from 184.043 and holding..... Hoping for at least 181.200 ride...
  • #12,067
  • Oct 14, 2015 3:57am Oct 14, 2015 3:57am
Quoting FX-Ray
short squeeze trade https://www.youtube.com/watch?v=VgHtI8t4sGk {image}
184.50/40
184.20/10
183.60/50

Current: 183.34

182.70/60
181.90/80
181.40/30

Dragon runs, if she overcomes 183.60/50, should continue higher.
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  • #12,068
  • Oct 14, 2015 4:27am Oct 14, 2015 4:27am
Quoting FX-Ray
{quote} 184.50/40 184.20/10 183.60/50 Current: 183.34 182.70/60 181.90/80 181.40/30 Dragon runs, if she overcomes 183.60/50, should continue higher. {image}
partial profits taken.
  • #12,069
  • Oct 14, 2015 5:22am Oct 14, 2015 5:22am
Quoting FX-Ray
{quote} partial profits taken.
Good spot to take profits, eyeing 184.20
  • #12,070
  • Oct 14, 2015 5:37am Oct 14, 2015 5:37am
Quoting workingforex
{quote} Good spot to take profits, eyeing 184.20
183.60/50 not positive yet, shorted this. As long as 183.60/50 negative, Ill stay short as long as this correction occurs. When positive, 184.20/10 next long target

Add: TP is for optimal condition, takin partial the way down/up.
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  • #12,071
  • Oct 14, 2015 6:15am Oct 14, 2015 6:15am
Quoting workingforex
{quote} Good spot to take profits, eyeing 184.20
Hi working forex! I think this is a good target! Did not watch the geppy for some time, but we are at an interesting area! Price came back all the way from May lows to find demand here. So I will watch this and avoid the EU chop a bit.
Fix up, trade sharp ...
  • #12,072
  • Oct 14, 2015 6:26am Oct 14, 2015 6:26am
Quoting Hickson
{quote} Hi working forex! I think this is a good target! Did not watch the geppy for some time, but we are at an interesting area! Price came back all the way from May lows to find demand here. So I will watch this and avoid the EU chop a bit.
Thats true, does really chop alot, I cant help myself to think we may see a test of 1.17 (even this is against all expectations tho) again sooner or later. Anyway hope you are fine buddy
  • #12,073
  • Oct 14, 2015 6:36am Oct 14, 2015 6:36am
Quoting FX-Ray
{quote} Thats true, does really chop alot, I cant help myself to think we may see a test of 1.17 (even this is against all expectations tho) again sooner or later. Anyway hope you are fine buddy
I am ok, still holding on. A bit sad that you just quit and never replied, but I guess it is like you said: Can't expect anything.
Fix up, trade sharp ...
  • #12,074
  • Oct 15, 2015 12:55am Oct 15, 2015 12:55am
GJ 4H
Not sure if you guys can make out the green line. But I dropped a short on it. Doesnt seem like its ready to break any consolidation right now. No news that im aware of to help it either. That said lets see how it acts....


GU up close to a daily trendline it touched eariler too. not going to risk that much exposer since the dollar is weak as f@k lately....but i short on GU would make sense to me also. If these do drop down im going to buy the way up on both.
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  • #12,075
  • Edited 4:19am Oct 15, 2015 4:03am | Edited 4:19am
Quoting Hickson
{quote} I am ok, still holding on. A bit sad that you just quit and never replied, but I guess it is like you said: Can't expect anything.
Im sorry if you feel this way. But the point is we are on the internet and Im very careful when it comes to that, simply because I dont know anyone personal here, anyone could tell me anything.

I share what I can and help but there are no obligations since I dont get paid and am not a commercial.
Still, whenever you need something, you know you can PM me, right?

Every trader needs to learn to depend on his/herself, in life and in trading.

Nonetheless, hope you doing well. Would like to see you around. Cheers buddy.
  • #12,076
  • Oct 15, 2015 4:25am Oct 15, 2015 4:25am
Current view

184.20/10
182.90/80

182.70/60 (!)

181.90/80
181.40/30
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  • #12,077
  • Oct 15, 2015 4:34am Oct 15, 2015 4:34am
Anyway, at that point I'd really like to salut sethsera and tryfoss.

These guys took the information out of this thread and did the work and were able to build their own highly effective profiles.
(Which I believe is the key to understand market in its very core)

And thats all I want to be: a guidance to shorten the learning curve. I wont do the work for others because simply I cant.

Kudos to you guys
  • #12,078
  • Oct 15, 2015 4:50am Oct 15, 2015 4:50am
Quoting FX-Ray
Anyway, at that point I'd really like to salut sethsera and tryfoss. These guys took the information out of this thread and did the work and were able to build their own highly effective profiles. (Which I believe is the key to understand market in its very core) And thats all I want to be: a guidance to shorten the learning curve. I wont do the work for others because simply I cant. Kudos to...

Hi FX-Ray, Thanks for your support and motivation. Actually I still at elementary stages of my learning curve. for sure you helped me to have a better view of market. you changed the names of support and resistance points to Decision points which is a turning point in my understanding. support and resistance names mostly imply that market will change the direction, but Decision Point brings the insight that we should wait until market decide which direction to go. we should not predict the market, we only should follow the market.

Thank you very much for your help and support.
  • #12,079
  • Oct 15, 2015 5:00am Oct 15, 2015 5:00am
Quoting FX-Ray
Anyway, at that point I'd really like to salut sethsera and tryfoss. These guys took the information out of this thread and did the work and were able to build their own highly effective profiles. (Which I believe is the key to understand market in its very core) And thats all I want to be: a guidance to shorten the learning curve. I wont do the work for others because simply I cant. Kudos to...
​Well said Ray, I second your thoughts on that.


Quoting Tryfoss
{quote} Hi FX-Ray, Thanks for your support and motivation. Actually I still at elementary stages of my learning curve. for sure you helped me to have a better view of market. you changed the names of support and resistance points to Decision points which is a turning point in my understanding. support and resistance names mostly imply that market will change the direction, but Decision Point brings the insight that we should wait until market decide which direction to go. we should not predict the market, we only should follow the market. Thank...
That makes complete sense Tryfoss, well done for that, I am sure you will be better with every passing day, keep pushing dude!
  • #12,080
  • Oct 15, 2015 6:42am Oct 15, 2015 6:42am
Quoting FX-Ray
Current view 184.20/10 182.90/80 182.70/60 (!) 181.90/80 181.40/30 {image}
181.90/80 printed, im watching this area + 182.70/60 for possible continuation or reversal.

Add: Anyway, news in t-45min
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