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Dragon Riders GBP/JPY

  • #15,021
  • Mar 9, 2016 2:54pm Mar 9, 2016 2:54pm
Quoting raiders
{quote} i dont quite understand the question. maybe post a pic of what you are seeing? do you mean perhaps wave 1, wave 2, wave 3, wave 4 then wave 1, wave 2, wave 3, wave 4, wave 5?
Attached Image

raiders , now I understand why I loss in trading wave ,
My chart profile show all point of wave 1 to 5 and also a to c ,
BUT because I 1st day study wave , only know wave 1 ,2,3,4,5 but dont know that after wave 5 will have A,B,C ,
so , I think that A,B,C is another wave 1,2,3 , in actual , after A,B,C , I suppose trade setup LONG !!!! indeed I think thats is wave 3 and setup short !!!
So , my setup is correct , wrong because my wave principal zero
* which mean , I actually catch all complete wave , no miss.
Exits == most important part of your strategy
  • #15,022
  • Mar 9, 2016 3:06pm Mar 9, 2016 3:06pm
Quoting edmun1388
{quote} {image} raiders , now I understand why I loss in trading wave , My chart profile show all point of wave 1 to 5 and also a to c , BUT because I 1st day study wave , only know wave 1 ,2,3,4,5 but dont know that after wave 5 will have A,B,C , so , I think that A,B,C is another wave 1,2,3 , in actual , after A,B,C , I suppose trade setup LONG !!!! indeed I think thats is wave 3 and setup short !!! So , my setup is correct , wrong because my wave principal zero * which mean , I actually catch all complete wave , no miss.
according to my count we are currently at that 1st peak above the 4

The impulse waves go 5-3-5-3-5 waves....so were finishing 1 of 5 and have much more up to go. I dont know how much more. I think it depends on what UJ does, thats why i posted the chart so you could see what i was looking at since I watch GJ, GU and UJ at the same time, but if it stays with the triangle then 5 will not be so long if it goes to the 382 fib then i think GJ does also.

Be ready though, because if the count is correct the next wave is going to be fast and hard to the upside. just like the one we had only much bigger since everyone will now see that this is temporarily bullish again.

BTW you should post your charts. It will help you. The main reason I do it is to get different opinions and most of the time I can see my work better once its up since I have no one to "proof read" the work. I catch errors all the time once I get it up.
  • #15,023
  • Mar 9, 2016 3:13pm Mar 9, 2016 3:13pm
Quoting raiders
{quote} according to my count we are currently at that 1st peak above the 4 The impulse waves go 5-3-5-3-5 waves....so were finishing 1 of 5 and have much more up to go. I dont know how much more. I think it depends on what UJ does, thats why i posted the chart so you could see what i was looking at since I watch GJ, GU and UJ at the same time, but if it stays with the triangle then 5 will not be so long if it goes to the 382 fib then i think GJ does also. Be ready though, because if the count is correct the next wave is going to be fast and hard...
ok , I will try post tomorrow , now chart got problem laggy hang , too many chart run lolz . may be need delete all history and get less data because I put few indicator in M1 laggy.MT4 hang now rofl , thats why sometimes I loss my profile .

5:15 am , sleepy , nite all .... just found my mistake .. I can sleep well now ..
Exits == most important part of your strategy
  • #15,024
  • Mar 9, 2016 3:18pm Mar 9, 2016 3:18pm
edmun1388....Baby.....I didn't know it was day one....here ya go....he's here at ff actually....

ian copsey harmonic Elliott wave BlogSpot....ya owe me now....ha ha....down load his spreadsheet to ms office.....he has % for projections and corrections from prior turns......you can't ask for more.....my system doesn't need it but I love that Ian Copsey
  • #15,025
  • Mar 9, 2016 3:31pm Mar 9, 2016 3:31pm
Quoting Gbp/jpy
edmun1388....Baby.....I didn't know it was day one....here ya go....he's here at ff actually.... ian copsey harmonic Elliott wave BlogSpot....ya owe me now....ha ha....down load his spreadsheet to ms office.....he has % for projections and corrections from prior turns......you can't ask for more.....my system doesn't need it but I love that Ian Copsey
Bro thanks for sharing that. Did you try his paid services? Are the reports worthwhile?
  • #15,026
  • Mar 9, 2016 3:38pm Mar 9, 2016 3:38pm
161.70 is the target ....not yet I guess and where from there I have no clue. but ya just have to close out there because it's an unsquared candle.
  • #15,027
  • Mar 9, 2016 3:44pm Mar 9, 2016 3:44pm
Quoting Big Bruv
{quote} We did not quite get to 163 but close at 162.50 ish - i missed the pull back as was trading something else. I'm looking for 2nd opportunity but i will use short stop loss as already in other trades and can't afford to put my stop loss at 162.55. happy trading...
Hmm..after seeing the chart today..i am just not comfortable with geppy. you know what - I am going to have to kill my bias simply bicos i really need to see what cable and usd/jpy is doing.

Well i am not trading geppy - so staying out again for this pair until i get better data.

What i am monitoring

  1. will cable break lows at 1.3833?
  2. will usd go beyond 117?
  3. will dow jones go beyond 1800?

The behaviour of the above will allow me gauge better what geppy is doing.

FYI - I am looking for long period setup - not intra-day. of course there will be opportunities in short term up and down.

happy trading

  • #15,028
  • Mar 9, 2016 4:08pm Mar 9, 2016 4:08pm
meanwhile ugly biarch H4 EJ H&S potential setup worth watching Thursday.
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  • #15,029
  • Mar 9, 2016 4:10pm Mar 9, 2016 4:10pm
Quoting edmun1388
{quote} I think put stop loss above 160.84 is enough , if price go through this level strong , then mean wave 3 not valid. * I just learn wave form and finish wave profile set yesterday night , but price already pass wave 2 .. ** My profile set can detect wave 1 , so next time I will trade at wave 2 retracement . still learning from babypips http://www.babypips.com/school/summe...tts-waves.html * loss in trade wave , ...
Hi @Ed

I am not a wave counter - i just look for pattern setups. however with geppy I always look at usd/jpy and cable also to see what geppy will do.

The way i trade means i will miss out on trades a lot but if my setup is good then my trades are generally long term ( 2mths +).

Right now - my setup is indicating a long term long, however i need dow jones to confirm this. I am not trading geppy right now bicos ther are other easier trades like eur/cad etc.

I used to jump in and out of trades years ago but that was for me a hard and difficult strategy to maintain. now i just look for a setup - which generally shows itself once or twice a year.
  • #15,030
  • Mar 9, 2016 4:28pm Mar 9, 2016 4:28pm
Quoting Big Bruv
{quote} Hmm..after seeing the chart today..i am just not comfortable with geppy. you know what - I am going to have to kill my bias simply bicos i really need to see what cable and usd/jpy is doing. Well i am not trading geppy - so staying out again for this pair until i get better data. What i am monitoring will cable break lows at 1.3833? will usd go beyond 117? will dow jones go beyond 1800? The behaviour of the above will allow me gauge better what geppy is doing. FYI - I am looking for long period setup - not intra-day. of course there will...
for what its worth after this swing up i see it falling off a cliff and making a fresh new low. technically, I base this off of what UJ is currently doing and the position GU is at. Fundamentally, Brexit is a MAJOR issue that will remain unresolved for quite some time so GBP weakness is all i can see until there is resolution there plus I see equities going lower as well which coincides with the movement of UJ.

thats just my 2 cents....doesn't mean shit though if the market doesn't agree
  • #15,031
  • Mar 9, 2016 4:55pm Mar 9, 2016 4:55pm
MASSIVE head and shoulders on the Daily this would just be the top of the right shoulder
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  • #15,032
  • Mar 9, 2016 5:01pm Mar 9, 2016 5:01pm
asgcorp.... nope but I've known him for 12 years...we're buddies from way back....
  • #15,033
  • Mar 9, 2016 5:34pm Mar 9, 2016 5:34pm
Quoting Gbp/jpy
asgcorp.... nope but I've known him for 12 years...we're buddies from way back....
am i fishing in the same pond as him as far as near term and longer term view?
  • #15,034
  • Mar 9, 2016 5:42pm Mar 9, 2016 5:42pm
Attached Image (click to enlarge)
Click to Enlarge Name: GU4.png Size: 116 KB
  • #15,035
  • Mar 9, 2016 5:47pm Mar 9, 2016 5:47pm
Quoting raiders
MASSIVE head and shoulders on the Daily this would just be the top of the right shoulder {image}
about to tank agreed nice easy 100 or so pips
  • #15,036
  • Mar 9, 2016 6:31pm Mar 9, 2016 6:31pm
im getting a wave 5 count coming on the daily, what you guys counting, if you use wave as an indicator
  • #15,037
  • Mar 9, 2016 7:51pm Mar 9, 2016 7:51pm
Wait fororr itt.....wwaaiiitt for it....don't nobody break formation here....going for that target at .70.....don't bother even thinking even....
  • #15,038
  • Mar 9, 2016 7:54pm Mar 9, 2016 7:54pm
Quoting Gbp/jpy
Wait fororr itt.....wwaaiiitt for it....don't nobody break formation here....going for that target at .70.....don't bother even thinking even....
haha
  • #15,039
  • Mar 9, 2016 7:57pm Mar 9, 2016 7:57pm
Quoting Gbp/jpy
Wait fororr itt.....wwaaiiitt for it....don't nobody break formation here....going for that target at .70.....don't bother even thinking even....
what do you mean by .70 target brother?
  • #15,040
  • Mar 9, 2016 8:04pm Mar 9, 2016 8:04pm
Quoting esemes
{quote} what do you mean by .70 target brother?
160.7 was a spot he was eyeing.....also happened to the the 382 fib from recent up.

maybe we get another pullback here to back to 160.70?? if so it would be lovely
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