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Dragon Riders GBP/JPY

  • #12,901
  • Nov 20, 2015 1:39pm Nov 20, 2015 1:39pm
Quoting FX-Ray
currently watching
1.0815
1.0735
1.0659
1.0564
1.0495
The levels posted by him works superbly...Just keep an eye on these levels..
When Scalpers win, I lose and Vice varsa...
  • #12,902
  • Nov 20, 2015 4:31pm Nov 20, 2015 4:31pm
Back from WOT. LOL, hilarious stories ... lots of fake gurus ... greedy bastards, fishing for customers ... crazy traders ... big names ... all the guys of the scene. It was fun to see
Fix up, trade sharp ...
  • #12,903
  • Nov 20, 2015 4:52pm Nov 20, 2015 4:52pm
Quoting Hickson
Back from WOT. LOL, hilarious stories ... lots of fake gurus ... greedy bastards, fishing for customers ... crazy traders ... big names ... all the guys of the scene. It was fun to see
whatever!!! don't care stupid thinking...
When Scalpers win, I lose and Vice varsa...
  • #12,904
  • Nov 20, 2015 7:33pm Nov 20, 2015 7:33pm
Still need to see next week. In 2 H chart, it has broken from uptrend channel. In 2 D chart, it has not broken 190, and looks like head and shoulder. And it could be an inverse flag.

This beast looks weaker and weaker. Can it gain more strength? Something remains to be seen. Right now, it is bearish for me after it broke out uptrend.
  • #12,905
  • Nov 20, 2015 9:45pm Nov 20, 2015 9:45pm
hey frx trader....that 2H chart has a code in it !!!
  • #12,906
  • Nov 20, 2015 11:31pm Nov 20, 2015 11:31pm
Could the below setup be too easy to work out?
I'm ready to take a bet and buy in somewhere in the blue box
Attached Image (click to enlarge)
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  • #12,907
  • Nov 21, 2015 4:49am Nov 21, 2015 4:49am
Quoting Goldflake
{quote} whatever!!! don't care stupid thinking...
Well, I find it important to observe the other side of the desk. Lots of insights gained.
Fix up, trade sharp ...
  • #12,908
  • Nov 21, 2015 7:31am Nov 21, 2015 7:31am
Quoting FX-Jay
Could the below setup be too easy to work out? I'm ready to take a bet and buy in somewhere in the blue box {image}
Food for thought:

Fear followed by greed. Again. And again. And again.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 45 KB
Fix up, trade sharp ...
  • #12,909
  • Nov 21, 2015 9:00am Nov 21, 2015 9:00am
Quoting Hickson
{quote} Food for thought: Fear followed by greed. Again. And again. And again. {image}
I would think that the uptrend channel has failed, unless some XO. So, it could only retrace to 188.20, then fall to 182. Next week will offer some hint, and become clearer about where the high and low.
  • #12,910
  • Edited 10:20am Nov 21, 2015 9:49am | Edited 10:20am
Quoting frx_trader
{quote} I would think that the uptrend channel has failed, unless some XO. So, it could only retrace to 188.20, then fall to 182. Next week will offer some hint, and become clearer about where the high and low.
How can you think that when the bottom of the channel hasn't been broken?

It's possible that you are correct but right now the pa still hasn't given a clear direction. Bad time to be biased, one could end up thinking it's just about to turn down all the way up to 189 and even 190
  • #12,911
  • Nov 21, 2015 10:41am Nov 21, 2015 10:41am
Quoting alexpi
{quote} How can you think that when the bottom of the channel hasn't been broken? It's possible that you are correct but right now the pa still hasn't given a clear direction. Bad time to be biased, one could end up thinking it's just about to turn down all the way up to 189 and even 190
This Dragon is wild, that it's harder to predict. I cannot be certain more than 60%. But, I would sell @ 188.20, if it gets there @ smaller lot size. I could be wrong. But it's my plan according to my view of the chart.
  • #12,912
  • Nov 21, 2015 11:34am Nov 21, 2015 11:34am
If we see 186.0 before the move for 188 I might be onboard for that
  • #12,913
  • Edited 3:12pm Nov 21, 2015 2:47pm | Edited 3:12pm
That d1 is remarkable. I will be cautiously out there to load the boat.

Second chart is the same with NY close candles:
Attached Image(s) (click to enlarge)
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Fix up, trade sharp ...
  • #12,914
  • Nov 21, 2015 3:54pm Nov 21, 2015 3:54pm
Do not forget considering weekly zones:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
Fix up, trade sharp ...
  • #12,915
  • Nov 21, 2015 3:54pm Nov 21, 2015 3:54pm
keeping my eye on the 186.04 area
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #12,916
  • Nov 22, 2015 8:13am Nov 22, 2015 8:13am
Quoting Ll1979
keeping my eye on the 186.04 area {image}
hi Ll979, I like the FEs, do you work on these for targets on Geppy? Put them to good use recently on some tests on some other pairs (GBP/USD for instance), do not know about GBP/JPY yet, lack of sample size.
Fix up, trade sharp ...
  • #12,917
  • Nov 22, 2015 4:02pm Nov 22, 2015 4:02pm
anyone wana take a stab at the opening price?
Thinking sub 186.5 we go down above we go up.
But what the hell...dragon will go where it wants to


edit...oh well bit late on the post i guess
  • #12,918
  • Nov 22, 2015 4:09pm Nov 22, 2015 4:09pm
Quoting Hickson
{quote} hi Ll979, I like the FEs, do you work on these for targets on Geppy? Put them to good use recently on some tests on some other pairs (GBP/USD for instance), do not know about GBP/JPY yet, lack of sample size.


Hi Hickson, i am expanding my knowledge and was noticing the power of the FE. The FE 100 (H4 chart) was giving mayor support and resistance in the past. Looking @ FX-Jay post (http://www.forexfactory.com/showthread.php?p=8603610#post8603610) adds another fib retracement 61.8 level on daily on the exact level of the FE100.

I try to spot for opportunities (PA with Fibonacci, FE, trendlines, RSI trendlines) sometimes all the magic comes together and creates a "perfect" entry. Although i am still a forex noob my eyes start seeing more and more on the charts.
Attached Image (click to enlarge)
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persistence and determination alone are omnipotent
  • #12,919
  • Nov 22, 2015 4:15pm Nov 22, 2015 4:15pm
Japan is on holiday..better don't touch this beast
When Scalpers win, I lose and Vice varsa...
  • #12,920
  • Nov 22, 2015 4:15pm Nov 22, 2015 4:15pm
Quoting Ll1979
{quote} Hi Hickson, i am expanding my knowledge and was noticing the power of the FE. The FE 100 (H4 chart) was giving mayor support and resistance in the past. Looking @ FX-Jay post (http://www.forexfactory.com/showthread.php?p=8603610#post8603610) adds another fib retracement 61.8 level on daily on the exact level of the FE100. I try to spot for opportunities (PA with Fibonacci, FE, trendlines, RSI trendlines) sometimes all the magic comes together and creates a "perfect"...
Yes, the 100 % worked well! Notice how the next wave made it to your 161.8 %!
Fix up, trade sharp ...
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