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Dragon Riders GBP/JPY

  • #14,821
  • Mar 4, 2016 9:40am Mar 4, 2016 9:40am
Quoting edmun1388
161.525 or 162.2 or ...
There is a trendline resistance that's acting as a barrier from running north fast. Being Friday, it could hit it in an hour or so, or, Monday......if it doesn't hit 161s today, then 162s are in play.
Lost....
  • #14,822
  • Mar 4, 2016 9:47am Mar 4, 2016 9:47am
next M30 bar will tell since next bar stochastic overbought , or maybe extreme over bought ...who know .. next week i try get targeting term.
* 161.525 touched.
Exits == most important part of your strategy
  • #14,823
  • Mar 4, 2016 10:01am Mar 4, 2016 10:01am
Quoting edmun1388
Direction still up , wife long from 160.578 while I sleep rofl ..today i holiday * prediction [ low % ] highest target 164.84 , must break 162.245 first .
so far prediction for UP TREND no mistake , trend or reverse all able catch , wait next week to test further.
Exits == most important part of your strategy
  • #14,824
  • Edited 12:47pm Mar 4, 2016 10:28am | Edited 12:47pm
same as the last three weeks....buy Asia at the usual time......buy the London boys when they get up and have some coffee, the same price as Asia....130 pips is all this time...

It's never been this easy....I usually see these set-ups two or three times a week.....it just can't go on
  • #14,825
  • Edited 10:51am Mar 4, 2016 10:35am | Edited 10:51am
maybe go up more when many retailer short now , good luck ... i hold >+130 + 100 +95
* closed 2 trades now ,, nite all
** look like market got certain behavior , everyday repeat
Exits == most important part of your strategy
  • #14,826
  • Mar 4, 2016 4:58pm Mar 4, 2016 4:58pm
Thanks for that....glad I'm not the only one....
Quoting edmun1388
maybe go up more when many retailer short now , good luck ... i hold >+130 + 100 +95 * closed 2 trades now ,, nite all ** look like market got certain behavior , everyday repeat
  • #14,827
  • Mar 4, 2016 5:14pm Mar 4, 2016 5:14pm
UJ 4H
Thinking 1 more up to roughly 115/116 area before another lovely swing low. Possibly a major drop. Will post a couple more charts as to why im thinking this is the scenario.
As far as the dragon, its ready to dump at any moment now. Possibly another leg up next week to correlate with what im seeing in UJ or possibly a bunch of chop while it waits for UJ to do its thing and for oil to dump.
Attached Image (click to enlarge)
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  • #14,828
  • Mar 4, 2016 5:18pm Mar 4, 2016 5:18pm
Quoting Gbp/jpy
same as yesterday ....at exactly the same time on your wristwatch.....
what times you refering to dragon trader, you seeing a pattern of buying and selling during the market opens and closes
  • #14,829
  • Mar 4, 2016 5:27pm Mar 4, 2016 5:27pm
OIL Daily and 1H

Looking RIPE for shorts. Which as weve seen for some time now, for the most part when oil goes down so do the indices and when the indices go down JPY goes up.
Attached Image(s) (click to enlarge)
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  • #14,830
  • Mar 4, 2016 5:46pm Mar 4, 2016 5:46pm
i see the pattern GBPJPY is correct reversals occuring between start asian and end american session, start european , end of asian on a very regular basis. What causes this , simply human psychology or is there more to it ?
green = asian
purple = european
blue= american
red= golden zone cross between european and american
Attached Image (click to enlarge)
Click to Enlarge Name: dragon.PNG Size: 45 KB
  • #14,831
  • Mar 4, 2016 6:56pm Mar 4, 2016 6:56pm
totally awesome graphic....
Quoting Pip-Miner
i see the pattern GBPJPY is correct reversals occuring between start asian and end american session, start european , end of asian on a very regular basis. What causes this , simply human psychology or is there more to it ? green = asian purple = european blue= american red= golden zone cross between european and american {image}
  • #14,832
  • Mar 4, 2016 8:15pm Mar 4, 2016 8:15pm
EC 4H
Swing down might be over already not sure...Im partial to one more drop to the rising green trendline. My reasoning is that it will correlate with the Oil move and the UJ up move. Not even sure I will trade it I HATE THE CAD WITH A PASSION. But if I dont, I will definitely be using it as a point of reference to confirm the moves/swings since its so clean. Also if you look at it on the daily you will see that the RSI has already bottomed out.
Attached Image (click to enlarge)
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  • #14,833
  • Mar 4, 2016 8:34pm Mar 4, 2016 8:34pm
Quoting Pip-Miner
i see the pattern GBPJPY is correct reversals occuring between start asian and end american session, start european , end of asian on a very regular basis. What causes this , simply human psychology or is there more to it ? green = asian purple = european blue= american red= golden zone cross between european and american {image}
Quoting Gbp/jpy
totally awesome graphic....{quote}

haven't done the maths but 1000 pips a week easy so your methodology is valid
  • #14,834
  • Mar 5, 2016 12:41am Mar 5, 2016 12:41am
SL : 161.03 , if price close below his level , trend up [ 29/2] may start down .
Exits == most important part of your strategy
  • #14,835
  • Mar 5, 2016 1:52am Mar 5, 2016 1:52am
Quoting edmun1388
SL : 161.03 , if price close below his level , trend up [ 29/2] may start down .
There is a couple ways play this retrace methodology between trading sessions
1)You can buy all the retraces as addins in the direction of the trend, in this instance 10 buy trades , averaged in and sold end week giving you a massive amount pips ( did similar last week ) .

2)You can do shorts on top of option 1 - even more pips

3) do shorts and longs but sell them as the retraces occur ( think that's what gbpjpy does )

Gbyjpy - can you elaborate how you play this ?
  • #14,836
  • Mar 5, 2016 4:35am Mar 5, 2016 4:35am
JPY still down in all currency. take long dragon
Risk comes from not knowing what you're doing.
  • #14,837
  • Mar 5, 2016 4:54am Mar 5, 2016 4:54am
Quoting Pip-Miner
{quote} There is a couple ways play this retrace methodology between trading sessions 1)You can buy all the retraces as addins in the direction of the trend, in this instance 10 buy trades , averaged in and sold end week giving you a massive amount pips ( did similar last week ) . 2)You can do shorts on top of option 1 - even more pips 3) do shorts and longs but sell them as the retraces occur ( think that's what gbpjpy does ) Gbyjpy - can you elaborate how you play this ?
yes ,correct.
I this week get a totally working set of GBPJPY M30 strategy that :
1. know when trend change
2. know best entry [ lowest SL if I brave enough - <5 pips , sry that I am not brave enough ]
3. know when trend/wave 3 start.
4. know minimum target , 2n TP or even 3rd TP .
5. know when trend end
6. know when counter trend/retrace
7. know highest stop loss level , if hit mean trend reverse up/dn , dn/up
8. NOT yet know what the exact maximum take profit point -- will try test next week .

so i will try the method you mention when trend is down , TQ.
Exits == most important part of your strategy
  • #14,838
  • Mar 5, 2016 3:32pm Mar 5, 2016 3:32pm
I think the dragon is good for 165 the previous low before this one and also the upper bollinger band coming down to meet it, so either 165 or the upper bollinger band.
The Trend Is Your Friend
  • #14,839
  • Mar 6, 2016 12:44pm Mar 6, 2016 12:44pm
Will not buy unless I get a rejection from somewhere in the area marked by the 4. I think it might be due for a pullback to that area before continuing up to somwhere around 164+. Then i think it might be time to start looking for shorts down to 145-140 area? who knows... not exact on this one yet but its where im aiming
Attached Image (click to enlarge)
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  • #14,840
  • Edited Mar 7, 2016 1:04am Mar 6, 2016 9:01pm | Edited Mar 7, 2016 1:04am
1st support: 161.29
2nd support: 161.177
H4 reversal BAT pattern.

H4 give LOOK like down trend start ...umm.. may be.. let wait and see

* 1st support touched , so difficult to predict GJ direction today.[Monday]
Exits == most important part of your strategy
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