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Enter The Dragon - GBP/JPY 2 replies

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Attachments: Dragon Riders GBP/JPY
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Dragon Riders GBP/JPY

Short GBP/JPY, short FF ...
Fix up, trade sharp ...
good Idea im long gold now
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Second time sold at same price...

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Daily pivot - its time to exit.
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Quoting raiders
Getting weekend work out of the way and posting a few charts in hopes of feedback and different ideas....so please dont be shy and reply Anyways, AU 4H chart. Rejection off of the 381 fib from the recent drown that broke out of the longer term consolidation. Purple channel is bear flag Blue lines are what interest me the most though. Thats the potential expanding diagonal ive been watching for the past couple days. If it truly is an expanding diagonal then the fall from these levels should be deep. Either way, both bearish patterns so lets...
Quoting Big Bruv
If we make a lower low on the 15 min then that is my signal to close out on shorts. This does not mean i'm going long just an opportunity to take a break and re-assess - which i'll do at the end of the month. We are struggling to break the 38 fib (long term upswing)so lets see how many buyers are here or sellers.

we have not yet that higher low - so my shorts still in play. If we break 170.35 - then I will close with shorts (rolling SL) and wait till the end of the month before I do anything.

My long term TP is still 156 - so lets see what happens - the market will probably go choppy
plese amke an spyke room for gbp jpy
  • #14,149
  • Quote
  • Edited 11:32am Jan 25, 2016 11:20am | Edited 11:32am
Quoting raiders
GJ 1H chart. Breaking this down to two separate charts of the same time frame, just different sections of the chart to illustrate what im seeing 1st chart is the fall from the top, lets call it 195-180 (1) then the pull back to 188ish between the 50 and 618 fibs (2) and the fast fall to 164ish (3) which can be seen in the 2nd chart. Now in the 2nd chart we have a corrective move up in a potential bear flag (4) Long story short.....looking for 5 Edit....should have said looking for a short out of that bear flag for 5 {image} {image} {image}
looks like a little bear flag on the 15m inside of the larger pattern. thinking i will short it down to the bottom trendline if it breaks south. do not think the larger pattern breaks without 1 more move up but lets see
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I think it can break 170.500 today.
Quoting TheBody
I think it can break 170.500 today.
Probably not today, but by this time tomorrow I can see it happening. We'e ranging, which seems to be a good sign or bulls.
Quoting raiders
{quote} looks like a little bear flag on the 15m inside of the larger pattern. thinking i will short it down to the bottom trendline if it breaks south. do not think the larger pattern breaks without 1 more move up but lets see {image}
flag broke south...as expected. didnt open a trade though because of the time of day. no mans land for me right now. sitting on hands.

AU looking prime for a long soon though. tight SL if the bottom trendline breaks . get short and stay short
  • #14,153
  • Quote
  • Edited 8:11pm Jan 25, 2016 7:08pm | Edited 8:11pm
Howa 'bout that 7:42.......eating their lunch, I swear Hey you guys, it's a good fun asia trade rule 1 of 13...trade a reverse one hour prior....6 pip stop....if you have a 6 pip stop....why.....think of the possibilties

It's at 167/80.....below here like a serious stab......is a sell to 160.00....164.xx anyway
Quoting Gbp/jpy
Howa 'bout that 7:42.......eating their lunch, I swear
AU and NU looking almost identical :nerd:
LOL
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Never let success get to your head because the market will punish you
that chart is fun to analyze....it looks like the traders are smart to toggle in 2 to three day moves.....how cool
  • #14,157
  • Quote
  • Edited 4:16am Jan 26, 2016 3:28am | Edited 4:16am
GBPJPY short for months ??
note : not yet , H4 fail close below 167.157
Exits == most important part of your strategy
  •  Soros
  • Joined Sep 2012 | Status: Edge,Phsycology And Money Managemen | 951 Posts
Divergence on the MCD, broken the 4H downtrend, Man is this a start of an uptrend????? we dont know, it doesnt matter realy, regardless of where its going we will ride it, but i think its going up!
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I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #14,159
  • Quote
  • Edited 10:57am Jan 26, 2016 8:55am | Edited 10:57am
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If GBPJPY H4 close above 169.25 , we can long long buy buy buy ..
http://www.forexfactory.com/attachme...2&d=1453823481
Exits == most important part of your strategy
sorry , wrong place.. image removed.
Exits == most important part of your strategy
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