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Dragon Riders GBP/JPY

  • #12,381
  • Oct 30, 2015 11:23am Oct 30, 2015 11:23am
Quoting FX-Ray
Long targets: 189.20/10 187.70/60 186.90/80 Short targets: 184.80/70 184.20/10 183.20/10 Add: currently 185.30/20 important
186.90/80 weekly target is close
  • #12,382
  • Oct 30, 2015 11:37am Oct 30, 2015 11:37am
Wow.. Wat A pair .. 100 up 100 down

Cheers to Fx-Ray
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Fools Rushing
  • #12,383
  • Edited 1:38pm Oct 30, 2015 11:37am | Edited 1:38pm
Volatility is decreasing, guess im done. Hope everyone had a green week. Enjoy the WE.

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  • #12,384
  • Oct 30, 2015 11:45am Oct 30, 2015 11:45am
Good day,

The short term challenge is this.. GU is setting up for a leg down on the 4hr. This information is depicted in my indicator showing retail positions over multiple broker platforms.

Could build north another 100 pips or so - but will give a leg down. ( GU). Timing will give pips on GU. With that - it impacts Dragon.

The dilemma is that JPY is also showing a possible leg down coming up. I think I will TP here and re - enter a few days from now towards 192.20
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You can be anything you want to be
  • #12,385
  • Oct 30, 2015 2:00pm Oct 30, 2015 2:00pm
Quoting badblood
Good day, The short term challenge is this.. GU is setting up for a leg down on the 4hr. This information is depicted in my indicator showing retail positions over multiple broker platforms. Could build north another 100 pips or so - but will give a leg down. ( GU). Timing will give pips on GU. With that - it impacts Dragon. The dilemma is that JPY is also showing a possible leg down coming up. I think I will TP here and re - enter a few days from now towards 192.20 {image} {image}
Hi badblood,

since you aiming higher targets you may interested in the next long-Term target 194.00/93.75 (3-6month); major indication for upside-continuation is 188.50/25; currently we are in most accepted price midterm 186.50/25

Nice WE
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  • #12,386
  • Oct 30, 2015 2:39pm Oct 30, 2015 2:39pm
Quoting FX-Ray
{quote} Hi badblood, since you aiming higher targets you may interested in the next long-Term target 194.00/93.75 (3-6month); major indication for upside-continuation is 188.50/25; currently we are in most accepted price midterm 186.50/25 Nice WE {image}
Good day to you, sir

Thank you for the post. The Glitch ( as I like to call it) is somewhere there. Could very well and will most probably spill over into the numbers you indicated.

I have entered since 181.00 and managed, Then closed. Re entered and closed. Even with a possible outcome @ 192.20 - I could not keep the trades in place. I am without position at present. Waiting for a drop. We have a month or so to get to the target.

Your posts inspire and are of great value.

Appreciate your time

Regards
You can be anything you want to be
  • #12,387
  • Oct 30, 2015 3:53pm Oct 30, 2015 3:53pm
Quoting FX-Ray
{quote} Hi badblood, since you aiming higher targets you may interested in the next long-Term target 194.00/93.75 (3-6month); major indication for upside-continuation is 188.50/25; currently we are in most accepted price midterm 186.50/25 Nice WE {image}
that chart is a keeper
  • #12,388
  • Oct 31, 2015 8:18am Oct 31, 2015 8:18am
Quoting FX-Ray
{quote} Nice work, it looks good to me.
Thanks for the review Ray! Happy that 183.95/194.05 was spot on

Trying again, this time along with the higher DPs
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  • #12,389
  • Edited 4:45pm Nov 1, 2015 4:27pm | Edited 4:45pm
Decision points calendar week 45 mid-longterm GBP/JPY:

204.25/00 extremum
201.50/25 second long-term target
196.75/50 unknown (probably retracement/reversal)
194.00/25 first long-term target
193.00/2.875 pivotal (probably, since unprinted)
192.25/00 first resistance upside
188.50/25 major reversal/continuation
186.50/25 equilibrium mid-term
185.25/00 pivotal
184.75/50 minor support
180.75/50 current major support
177.25/20 worst-case scenario short target
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  • #12,390
  • Edited 6:08pm Nov 1, 2015 4:29pm | Edited 6:08pm
Quoting FX-Ray
Decision points calendar week 45 mid-longterm GBP/JPY: 204.25/00 extremum 201.50/25 second long-term target 194.00/25 first long-term target 193.00/2.875 pivotal (probably, since unprinted) 192.25/00 first resistance upside 188.50/25 major reversal/continuation 186.50/25 equilibrium mid-term 185.25/00 pivotal 184.75/50 minor support 180.75/50 current major support 177.25/20 worst-case scenario short target {image}
Friday's profile, paying attention to 185.375/250; Minor: 186.50; 186.125

Good fortune and fail

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  • #12,391
  • Nov 1, 2015 4:54pm Nov 1, 2015 4:54pm
Quoting FX-Ray
{quote} Friday's profile, paying attention to 185.375/250; Minors: 186.50; 186.125 Good fortune and fail https://www.youtube.com/watch?v=LvSbCeQ5aSg {image} {image}
November 5th important day, previous and forecast are equal, if new data confirms expectations, sentiment remains unchanged.
  • #12,392
  • Nov 1, 2015 9:20pm Nov 1, 2015 9:20pm
Uh oh..... Nikkei is way down.......gadangit

along there abouts 2 per-cent.....not too bad, huh!!!
  • #12,393
  • Nov 2, 2015 12:38am Nov 2, 2015 12:38am
Quoting FX-Ray
Decision points calendar week 45 mid-longterm GBP/JPY: 204.25/00 extremum 201.50/25 second long-term target 196.75/50 unknown (probably retracement/reversal) 194.00/25 first long-term target 193.00/2.875 pivotal (probably, since unprinted) 192.25/00 first resistance upside 188.50/25 major reversal/continuation 186.50/25 equilibrium mid-term 185.25/00 pivotal 184.75/50 minor support 180.75/50 current major support 177.25/20 worst-case scenario short target {image}
Hello , FX-Ray , may I know where to get information like the graph you post , and what are this call as ? I'am dumb forex user.
So according to you , I long GBPJPY at 185.701 , and hope can get target at 186.150.

TQ if you can teach me some.
Exits == most important part of your strategy
  • #12,394
  • Edited 3:06am Nov 2, 2015 2:47am | Edited 3:06am
I just scare the addon trade retrace and give me negative result.
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Exits == most important part of your strategy
  • #12,395
  • Nov 2, 2015 3:03am Nov 2, 2015 3:03am
Quoting edmun1388
I just scare the addon trade retrace and give me negative result. {image}
I would recommend not holding through the news event if you're feeling anything. Feelings are the best thing to get you into a series of bad decisions.

I agree with badblood's view above and am currently waiting for ~185.2 to enter long
  • #12,396
  • Nov 2, 2015 3:10am Nov 2, 2015 3:10am
Quoting alexpi
{quote} I would recommend not holding through the news event if you're feeling anything. Feelings are the best thing to get you into a series of bad decisions. I agree with badblood's view above and am currently waiting for ~185.2 to enter long
Thx for your advice. BUT if the price go up no retrace ...
Exits == most important part of your strategy
  • #12,397
  • Nov 2, 2015 3:20am Nov 2, 2015 3:20am
Quoting edmun1388
{quote} Thx for your advice. BUT if the price go up no retrace ...
Forex will keep being Forex, opportunities will keep coming. Much better to have a missed opportunity than a loss, or a profitable trade going into a loss (pretty much in that order )

All up to you in the end, it's your money and your account. All of the above is only my opinion and my way of trading
  • #12,398
  • Nov 2, 2015 3:40am Nov 2, 2015 3:40am
Quoting edmun1388
{quote} Hello , FX-Ray , may I know where to get information like the graph you post , and what are this call as ? I'am dumb forex user. So according to you , I long GBPJPY at 185.701 , and hope can get target at 186.150. TQ if you can teach me some.
I'd skip that part and recommend you to start with the basics: TPO Charts (time price opportunity). Otherwise check here.
  • #12,399
  • Nov 2, 2015 3:56am Nov 2, 2015 3:56am
Quoting FX-Ray
{quote} I'd skip that part and recommend you to start with the basics: TPO Charts (time price opportunity). Otherwise check here.
Thx for your quick reply , really thx . BUT once I look at that maths formula , I go suicide already .
So I will not learn that far , I only use my normal %WPR,Fibo,CCI , ema to trade enough ... forget it .
Thx anyway.

** sry my bad english , english is not my primary lang.
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Exits == most important part of your strategy
  • #12,400
  • Edited 5:00am Nov 2, 2015 4:11am | Edited 5:00am
Quoting edmun1388
{quote} Thx for your quick reply , really thx . BUT once I look at that maths formula , I go suicide already . So I will not learn that far , I only use my normal %WPR,Fibo,CCI , ema to trade enough ... forget it . Thx anyway. ** sry my bad english , english is not my primary lang. {image}
Forget about it rather stick to the basics.

Add: you can start here: https://en.wikipedia.org/wiki/Market_profile
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