Dragon Riders GBP/JPY

my SL was 25 pips. i wasnt willing to take the rollercoaster ride at 2pm with a tiny profit so i got out. it just didnt move much once it back to that trendline. anyways, everything is still looking the same. as of right now at least so im feeling good with the charts. BIG Chinese and IMF news due monday i believe. Not sure if it will effect this pair but only one way to find out. anyways, ive got my eyes set on my target prices. dont want to get in too early and risk needing a huge sl but i believe the charts are saying were close to serious serious support in both the GJ and GU or at the least the support breaking down and things getting extra funky. if it breaks, im gonna focus on the GU for a bit, well at least until theres another bounce from our old faithful trendline, since i think its moves are more technical in nature.

AU just bounced from the top of a daily trendline and should have a bit further to fall although it might be a little choppy but who knows, maybe chinese news will send it on a fast track. UJ looks like it might pick up some downward steam also so who knows..... Havent looked at anything else yet, but ill try to post some stuff sunday night.

ehhh got bored so i figured id post some now

AU Daily

Bounce lower from trendline, on its way to the bottom of the pattern, also rsi moving back towards rising trendline.
Who knows how long it will stay in this pattern, but im betting on it breaking to the south.....eventually

GU Daily

Looking for a bounce from that green line thats sitting around 1.498ish

EU 1H

Another one i expect to see support in very soon

UJ 1H

Much like the GJ its about 50 pips away from the bottom imo.

GJ 4H

Not as easy to see it in the 4H but i wanted to show more of the chart to illustrate the STRONG support sitting at 184ish
Anyways, bullish divergence on the chart, stll getting lower lows, recently bouncing from extremely oversold area of rsi, also 50ish pips away from not only psychological number in 184 but the 50 fib. This looks like the bottom. Only thing to do now is wait for the best/cheapest entry cause damnit im greedy and i like money. That trendline in green will break just like the one in red broke and when it does the move should hopefully be fast

yessirr that support is huge these days.....I'm thinking we shoulda been taller in the charts by now, judging from the last climb to 251.11. maybe we're not going to the 200's.....

if we take the low from 10/2 and draw a fib to the high of 11/18, the 382 fib is sitting at 183.76. all time move on the monthly has the 50 fib sitting at 183.81. those two areas plus the 184 handle are going to be tough as nails to break with out some crazy risk off event. anyways, back to the low of 10/2 and the high of 11/18, if we take those and add in our recent low we have a lovely 1 and 2 all were missing is the rocket ship 3 im no elliot wave guy, cant count that stuff by any means, but thats nice looking pullback right there wouldnt you say.....if it holds and this up is an impulse, then thats gonna be a fun ride

but it can also be nonsense and we go down more....gotta wait for the chart to speak

OH man, I haven't pulled a monthly chart in three weeks.....I gotta do better than that......thanks for the rundown....owe ya!!

You're dam scrappy right about catching a wave three.....I can see the bankers drooling over this scenario....

Looks like possible buyers stepping in this week....some wild rides ahead to possible 250 in 2016

King Rex....what a cool name....I'm a Rex.....Keith Rex.....glad to know ya.

Do you think we'll be able to get up there?....I had 314 at one time...

long, patience will be my best friend on this trade...

Longed from 184.53, let's see if we get over 188 and into 190 SL under last week's low

Let us see if it will be able to close above the DPP:

long also at .60. Trend lines broken just waiting game now

Price just gapped up

I am not convinced by the long yet. Still short from 186.60 , may just close out and wait for some real action.

soooooo slow .... fighting with 185 now.

I got the feel the trend is down when it hit 185.....

If you've got the feel stop trading for an hour or two, trust me I had the feel with XAU last week on Friday, looking long. Cost me a good chunk of my account.