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Dragon Riders GBP/JPY

  • #15,041
  • Mar 9, 2016 6:20pm Mar 9, 2016 6:20pm
sleep .. half hour..wife wake me .. long it.. .446 ... sleep again .....
Exits == most important part of your strategy
  • #15,042
  • Mar 9, 2016 6:25pm Mar 9, 2016 6:25pm
GU and GJ seem to be lined up. things move quickly when they are
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  • #15,043
  • Edited 8:21pm Mar 9, 2016 6:39pm | Edited 8:21pm
161.70 from the page before.....
Quoting esemes
{quote} what do you mean by .70 target brother?
Right now, the PA is acting like it's looking the other way....it knows it has to get there....

I think it can get there coz Gold is holding down in the scale there...all takin a nap like....ha ha


T P close enough.....sellin I guess.....161.55 adding to it till .84 ...I don't know why!!

edit to add....it's because it's the third bump up on the 5M...slo sto 34,3,3...I'm terrible aren't I
  • #15,044
  • Mar 9, 2016 6:42pm Mar 9, 2016 6:42pm
Quoting Gbp/jpy
161.70 from the page before.....{quote} Right now, the PA is acting like it's looking the other way....it knows it has to get there....
but i think usdjpy will crash soon ... i think usdjpy will not trade above of 113.7x today and will sharply down to test 12.5x region
  • #15,045
  • Mar 9, 2016 7:29pm Mar 9, 2016 7:29pm
Quoting Gbp/jpy
161.70 from the page before.....{quote} Right now, the PA is acting like it's looking the other way....it knows it has to get there.... I think it can get there coz Gold is holding down in the scale there...all takin a nap like....ha ha
By chance, is this the candle you are referring to?
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  • #15,046
  • Edited 8:13pm Mar 9, 2016 8:01pm | Edited 8:13pm
SL : 160.50 [ at time write ]
Hit , 88 wave 3

Resistance :
161.394 - passed
161.725
161.851
resistance block
161.98 - 162.218
162.247 - 162.427

must break 162.427 to fly

Edit : support 161.841 - if price drop below this level , risky
Exits == most important part of your strategy
  • #15,047
  • Mar 9, 2016 9:16pm Mar 9, 2016 9:16pm
Quoting edmun1388
SL : 160.50 [ at time write ] Hit , 88 wave 3 Resistance : 161.394 - passed 161.725 161.851 resistance block 161.98 - 162.218 162.247 - 162.427 must break 162.427 to fly Edit : support 161.841 - if price drop below this level , risky
this is consistent with my harmonic analysis 162.47 is a resistance point and potential place to take the short on dragon, what level does your level 5 wave analysis on the daily come out to?
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  • #15,048
  • Mar 9, 2016 9:47pm Mar 9, 2016 9:47pm
yessir Raiders....it looked different just a little.....when I checked that weekly, I think it was....80....and I was calling it .70. now I reversed at 55.....too soon I can see....now London will do something really outrageous with it...bet...
  • #15,049
  • Mar 9, 2016 9:52pm Mar 9, 2016 9:52pm
to that end reverse at 230 am NY ----Gold has dropped two more dollars puts up pressure on gbp/jpy
  • #15,050
  • Mar 9, 2016 10:05pm Mar 9, 2016 10:05pm
Quoting Gbp/jpy
to that end reverse at 230 am NY ----Gold has dropped two more dollars puts up pressure on gbp/jpy
mate, if we get a reversal here while they having their tea I wont be surprised..
  • #15,051
  • Mar 9, 2016 10:18pm Mar 9, 2016 10:18pm
yes, they get antsy at that time...if not then exactly, then really soon after!!
  • #15,052
  • Mar 9, 2016 10:27pm Mar 9, 2016 10:27pm
Quoting Pip-Miner
{quote} this is consistent with my harmonic analysis 162.47 is a resistance point and potential place to take the short on dragon, what level does your level 5 wave analysis on the daily come out to? {image}
162.427 is just last highest up trend point
Exits == most important part of your strategy
  • #15,053
  • Mar 9, 2016 11:37pm Mar 9, 2016 11:37pm
i see this in GJ today short 158.8 and next week maybe 166
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  • #15,054
  • Mar 10, 2016 12:41am Mar 10, 2016 12:41am
I'm watching 16,196 area as a top on this one if it can break above R1 where it currently is. If it is, then I think we'll see a period of consolidation with no major move higher than this or lower than around 16,100 for the rest of the day. We'll see.
  • #15,055
  • Mar 10, 2016 1:49am Mar 10, 2016 1:49am
GJ M15

Bearish divergence is setting in on this TF.

Bit early for me to sell just yet, need to let it brew a while longer, but price closing below the key local SR @ 161.07'ish with a semi-decent fresh supply overhead may get interesting later on in the session.

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  • #15,056
  • Edited 3:29am Mar 10, 2016 2:26am | Edited 3:29am
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...
Ok here is my final analysis for March.

I think we are now going on a long bull run - which means if you are long - then stay long. however if you are looking for an entry then be very clever about it.

The best entry will be near the lows at 154.30 or 156.50 - it is too much of a risk to enter this trade now for me. I am already in other trades so no need to take extra risk on geppy.

however - if something unexpected happens - for example we get a quick pull back to those levels - then I might jump in :-) I'll be watching the 3 levels below in chart for an opportunity.

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That's me for march - see you in April
  • #15,057
  • Mar 10, 2016 3:36am Mar 10, 2016 3:36am
short to 160.8 before looking to long again
  • #15,058
  • Mar 10, 2016 3:42am Mar 10, 2016 3:42am
Quoting raiders
short to 160.8 before looking to long again
Similar.

Already accepted the loss. Move on to the next setup.

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  • #15,059
  • Mar 10, 2016 3:53am Mar 10, 2016 3:53am
Quoting simond2002
{quote} Similar. Already accepted the loss. Move on to the next setup. {image}
Locked at b/e. Price now needs to cut through this M15 inflection. It's now up to the trading gods.

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  • #15,060
  • Mar 10, 2016 4:00am Mar 10, 2016 4:00am
Quoting raiders
short to 160.8 before looking to long again
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