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Dragon Riders GBP/JPY

  • #14,341
  • Feb 2, 2016 2:53am Feb 2, 2016 2:53am
cool, it's that unsquared candle....I'm all about that one thing in this move because the banks would appreciate that level....157.21.....a little lower I'll bet... Hey...if da banks want that ok wid me...
  • #14,342
  • Feb 2, 2016 4:36am Feb 2, 2016 4:36am
Long from 173.26 and looking for 175.7, gonna short if it breaks 175.77 and rejects from 176. SL at BE in case price can't get over 174.0/2
  • #14,343
  • Feb 2, 2016 6:18am Feb 2, 2016 6:18am
Got 60 pips profit, not sure if I should close. Take a fat 1% or risk getting more.
Price-Action Extremist
  • #14,344
  • Feb 2, 2016 3:05pm Feb 2, 2016 3:05pm
Quoting Gbp/jpy
cool, it's that unsquared candle....I'm all about that one thing in this move because the banks would appreciate that level....157.21.....a little lower I'll bet... Hey...if da banks want that ok wid me...
This is what I see so far on the weekly.....
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Lost....
  • #14,345
  • Feb 2, 2016 3:17pm Feb 2, 2016 3:17pm
Or this on the hourly....
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It can try to hit 172.05 then up to 177.35 using the Fib expansion lines.

In both cases, it's pointing to this 177.20-177.35 area. The question is whether it will do it at wave 4 end or wave b end?
Lost....
  • #14,346
  • Feb 2, 2016 8:02pm Feb 2, 2016 8:02pm
Oh, man that hourly chart.....gonna tune that in.....thanks for
that chart....the Nikkei is down 3.3%...True trend is up there above at 172.85 or so.....that's the same as a 50}{200 ema cross-over....333sma
  • #14,347
  • Feb 3, 2016 12:27am Feb 3, 2016 12:27am
OUR 2 CONTENDERS FOR THE DAY

LEFT: Yesterday Cable had a 4hr bar close below monthly pivot at 4379, then bounce up. The high of that candle was 4426. Stoch is still high. So look for London to break 4426 and move up to Sunday R2 which is also the Weekly R2 at 4530.
There will be some resistance at 4518 which is last Weekly R2
Because the bounce came of the Monthly pivot, we coulc possibly hold for Monthly R1 at 4679

RIGHT: Yesterday GBPJPY dropped from Sunday R1 742 to Sunday pivot at 7221. If this 4hr bar closes up, then we'll be above Sunday, weekly and monthly pivots, yet below the day pivot. If stoch can turn up by London open, then buy at 7271
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  • #14,348
  • Edited 1:09am Feb 3, 2016 12:38am | Edited 1:09am
Quoting Feo
OUR 2 CONTENDERS FOR THE DAY LEFT: Yesterday Cable had a 4hr bar close below monthly pivot at 4379, then bounce up. The high of that candle was 4426. Stoch is still high. So look for London to break 4426 and move up to Sunday R2 which is also the Weekly R2 at 4530. There will be some resistance at 4518 which is last Weekly R2 Because the bounce came of the Monthly pivot, we coulc possibly hold for Monthly R1 at 4679 RIGHT: Yesterday GBPJPY dropped from Sunday R1 742 to Sunday pivot at 7221. If this 4hr bar closes up, then we'll be above Sunday,...
That's excellent detective work....thanks for that.....but selling 172.88 just because the 15M said it's ok to try a sell at this time on the wristwatch.....
  • #14,349
  • Feb 3, 2016 1:24am Feb 3, 2016 1:24am
Quoting Gbp/jpy
{quote} That's excellent detective work....thanks for that.....but selling 172.88 just because the 15M said it's ok to try a sell at this time on the wristwatch.....


Anyway, closed the shorts at 172.38 (I didn't set a TP at 172.10!!!) and sold now at 172.91. We gotta watch this 55ema support on the hourlies currently at 172.45.
If it closes below that, then it might test the 172.35 trendline again.
If it closes below that, then we're looking at 163 double bottom or beyond.
If it bounces off 172.35, then 177.2 might be in play.
Lost....
  • #14,350
  • Feb 3, 2016 1:34am Feb 3, 2016 1:34am
Quoting Feo
OUR 2 CONTENDERS FOR THE DAY LEFT: Yesterday Cable had a 4hr bar close below monthly pivot at 4379, then bounce up. The high of that candle was 4426. Stoch is still high. ...w the day pivot. If stoch can turn up by London open, then buy at 7271 {image}
Be careful on this old lady.....the hourlies show a forming triple top which might break or rejected, while the daily shows an expanding wedge.
Lost....
  • #14,351
  • Feb 3, 2016 4:57am Feb 3, 2016 4:57am
So cable lifted off, and GBPJPY still here at 172.71. Placing a pending order at 172.83 to add an extra long end of this hr
Forex, awful to watch, AWESOME to play
  • #14,352
  • Feb 3, 2016 5:19am Feb 3, 2016 5:19am
tis like changing a dirty diaper, blindfolded and one hand tied behind your back
Forex, awful to watch, AWESOME to play
  • #14,353
  • Feb 3, 2016 5:25am Feb 3, 2016 5:25am
Quoting Feo
tis like changing a dirty diaper, blindfolded and one hand tied behind your back
Good deal. The range for today is shifting quite often. Next high is probably going to be 173.35-173.40. We still have the bottom TL intact....
Lost....
  • #14,354
  • Feb 3, 2016 5:28am Feb 3, 2016 5:28am
Quoting gespiri
{quote} Good deal. The range for today is shifting quite often. Next high is probably going to be 173.35-173.40. We still have the bottom TL intact....
movinvg average on 30 min keeping us down
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  • #14,355
  • Feb 3, 2016 5:49am Feb 3, 2016 5:49am
Hourly moving average at 173.23
let's see if this hr can close above it
Attached Image
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  • #14,356
  • Feb 3, 2016 5:51am Feb 3, 2016 5:51am
Quoting Feo
Hourly moving average at 173.23 let's see if this hr can close above it {image}
You know what's worrying about this is that the 55 and 200 EMAs on 15m, 30m, and 1hr are diverging. Market indecision maybe?

On the 1hr, it's starting to look like a bear flag forming until we see a significant break up.....
Lost....
  • #14,357
  • Feb 3, 2016 6:08am Feb 3, 2016 6:08am
Closing both lots now
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  • #14,358
  • Feb 3, 2016 6:20am Feb 3, 2016 6:20am
Bought in at rejection of bottom channel an last weeks close down there. Already in the green, will continue holding until stopped out or profit point.
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  • #14,359
  • Feb 3, 2016 6:59am Feb 3, 2016 6:59am
Placing order for sell at 173.13
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  • #14,360
  • Feb 3, 2016 7:09am Feb 3, 2016 7:09am
Quoting Gbp/jpy
Big Bruv, baby....you're smart....it's some kind of pivotal time right now.....in two weeks we might have a clue.....but I find this volatility readable....I'll pm ya with my wristwatch times for reversals ....if ya want....the main two are London Open system, trading the first three hours

Dude shoot me whatever you have..i don't have monopoly on knowledge..LOL
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