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Dragon Riders GBP/JPY

  • #14,881
  • Mar 7, 2016 11:08am Mar 7, 2016 11:08am
Quoting maflip
{quote} It's fine I took a little bit on that trade +19 pips. I should have reversed a buy though but I didn't.
its ok man at least i think we have a solid idea about where this bad boy is headed which is better than scalping a tricky wave transfer
  • #14,882
  • Mar 7, 2016 12:51pm Mar 7, 2016 12:51pm
the PA is money hungry bankers getting 90 pips at least during their session, 215 is the limit for oneway moves ...so after a good move it's two hours till a retrace...

that hands it off to the next session closer to where it all started, like a giant country club bunch of bankers with a deal set-up to take care of each other.
  • #14,883
  • Mar 7, 2016 12:57pm Mar 7, 2016 12:57pm
Have a pending long set @ 161.35. Lets see what Asia session brings.
  • #14,884
  • Edited 1:29pm Mar 7, 2016 1:08pm | Edited 1:29pm
counter trend short from 162.057 , 1st test run .
support will be 161.39 and 161.29 .
* dont know GJ direction .
1. not break previous top yet and not close above 1/3 year line .
2. if now down fall break previous low then maybe down trend start . need more info tomorrow ...3 am now ZZZzzz

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Exits == most important part of your strategy
  • #14,885
  • Mar 7, 2016 3:06pm Mar 7, 2016 3:06pm
GBPJPY M30 retrace from 0.382 , what that mean to us ??
** long from 161.665 counter trend strategy. .. 5 am .. sleep time
Exits == most important part of your strategy
  • #14,886
  • Mar 7, 2016 4:56pm Mar 7, 2016 4:56pm
I went all the way back to the weekly to try and count it out again. I will repeat the same thing i always do and that is that i cant count for shit. BUT, that being said, it seems to be playing out nicely. Anyways, im currently short looking for 160.3 before i drop a longer term long looking for 167.7 which is the .382 of the downtrend from 11/19. I would count this as the end of the 4th leg and 5 should drop us drown below the most recent swing low of 2/24

Anyone see something else?
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  • #14,887
  • Mar 7, 2016 8:31pm Mar 7, 2016 8:31pm
If EUR/GBP assaults 0.79:

Rally:

EUR/USD
EUR/JPY

Sell-Off:

USD/JPY
GBP/JPY
  • #14,888
  • Mar 7, 2016 10:09pm Mar 7, 2016 10:09pm
Quoting FX-Ray
If EUR/GBP assaults 0.79: Rally: EUR/USD EUR/JPY Sell-Off: USD/JPY GBP/JPY
I see it going up there but not yet. i feel like it needs to hit the 75 area first. but i have no clue
  • #14,889
  • Mar 7, 2016 10:24pm Mar 7, 2016 10:24pm
just wake up and saw short trap is over , long from 161.043 late 20 pips now still +pips. correct entry is 160.84 .
Exits == most important part of your strategy
  • #14,890
  • Mar 7, 2016 10:37pm Mar 7, 2016 10:37pm
Quoting edmun1388
just wake up and saw short trap is over , long from 161.043 late 20 pips now still +pips. correct entry is 160.84 .
Short trap? Can you explain?
  • #14,891
  • Edited 10:57pm Mar 7, 2016 10:46pm | Edited 10:57pm
Quoting Denden2012
{quote} Short trap? Can you explain?
Some tell me is B trap , I dont know what is it , when I see certain price pattern at M30 match M1 , can detect market maker doing some trick , i just simply call it short/long trap , I myself also dont know what is it call as .when the pattern running normally is ranging or trap plyer long/short without profit , or more simple say is ranging time.
* the more longer the trap the more trend later , as what happen on 29/2 , but at that time I not yet able detect all this trap.
** I found that trend start or some call as wave 3 start every time price go out of trap level , and this is what happen now. late entry 20 pips also can catch +30 pips now
Exits == most important part of your strategy
  • #14,892
  • Mar 7, 2016 11:21pm Mar 7, 2016 11:21pm
I predict chart pattern going to form now , I never study chart pattern , so someone expert try catch it .
Attached Image
Exits == most important part of your strategy
  • #14,893
  • Mar 7, 2016 11:29pm Mar 7, 2016 11:29pm
Quoting edmun1388
I predict chart pattern going to form now , I never study chart pattern , so someone expert try catch it . {image}
I agree. thats what im seeing right now too. Still looking for a break up from this area. i exited my short a few hours ago. looking to buy the next touch of the bottom side trendline of that triangle
  • #14,894
  • Mar 8, 2016 12:05am Mar 8, 2016 12:05am
Today hard resistance line 161.395
Exits == most important part of your strategy
  • #14,895
  • Mar 8, 2016 12:43am Mar 8, 2016 12:43am
Quoting edmun1388
I predict chart pattern going to form now , I never study chart pattern , so someone expert try catch it . {image}
You are right. If the triangle is correct then today might be a range day for GJ.
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  • #14,896
  • Mar 8, 2016 12:46am Mar 8, 2016 12:46am
Or...
Just gotta wait...
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  • #14,897
  • Mar 8, 2016 12:51am Mar 8, 2016 12:51am
Quoting edmun1388
{quote} Some tell me is B trap , I dont know what is it , when I see certain price pattern at M30 match M1 , can detect market maker doing some trick , i just simply call it short/long trap , I myself also dont know what is it call as .when the pattern running normally is ranging or trap plyer long/short without profit , or more simple say is ranging time. * the more longer the trap the more trend later , as what happen on 29/2 , but at that time I not yet able detect all this trap. ** I found that trend start or some call as wave 3 start every...
Yes B Trap of an ABC pattern. You buy it at the break above A which is what happened yesterday. Lately these patterns works really well 2 hours after US Session.
  • #14,898
  • Mar 8, 2016 1:14am Mar 8, 2016 1:14am
trap start again , just prediction
Exits == most important part of your strategy
  • #14,899
  • Mar 8, 2016 1:22am Mar 8, 2016 1:22am
Quoting edmun1388
trap start again , just prediction
Check out GU it already broke above the flag 20 minutes ago. Unless Carney says something really nasty in 2 hours.
  • #14,900
  • Mar 8, 2016 1:39am Mar 8, 2016 1:39am
Quoting edmun1388
trap start again , just prediction
Still testing your lower trendline.
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