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Dragon Riders GBP/JPY

  • #15,061
  • Mar 10, 2016 6:02am Mar 10, 2016 6:02am
Quoting simond2002
{quote} Locked at b/e. Price now needs to cut through this M15 inflection. It's now up to the trading gods. {image}
Out for a controlled exit.

Flat on this pair for the time being.
  • #15,062
  • Mar 10, 2016 6:25am Mar 10, 2016 6:25am
Look like she's setting up for a bit of a fall.
  • #15,063
  • Mar 10, 2016 6:31am Mar 10, 2016 6:31am
Quoting cat
Look like she's setting up for a bit of a fall.
Old dragon's up to her usual tricks. Would've like to have seen M15 PA in that supply but didn't, hence the m5 entry, which was a bit of a punt.

That point of inflection's been proving hard to break. Nothing for me atm; time for a bacon sandwich!

Attached Image
  • #15,064
  • Edited 7:20am Mar 10, 2016 7:07am | Edited 7:20am
Quickest +40 pips ever on AJ CJ. May go up more more more.

Loving it.

Anyone else caught it?

However, GJ seems lagging right now. But watch EURGBP and GU if EURGBP down and GU up. This GJ might follow.
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  • #15,065
  • Mar 10, 2016 7:09am Mar 10, 2016 7:09am
I've got what should be a pretty solid R level around 196, so we'll see if it holds
  • #15,066
  • Mar 10, 2016 7:23am Mar 10, 2016 7:23am
volatility knocked me out at be.....still think this goes down before up. bearish flag pattern currently showing on the 30m.....flat till 160.8. thinking this bounces hard from this area.

take a look at price action around 2/25...basically the same thing. market is confused so lots of people battling it out i think.
  • #15,067
  • Mar 10, 2016 7:27am Mar 10, 2016 7:27am
Quoting raiders
volatility knocked me out at be.....still think this goes down before up. bearish flag pattern currently showing on the 30m.....flat till 160.8. thinking this bounces hard from this area. take a look at price action around 2/25...basically the same thing. market is confused so lots of people battling it out i think.
Yes possible down I go wherever the market go. I am watching GJ. A sell off might hit if they touch 160.940 160.930. It's struggling right now. But for now I wont touch the short.
  • #15,068
  • Mar 10, 2016 7:30am Mar 10, 2016 7:30am
Will be keeping an eye on how this current H1 candle closes.

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  • #15,069
  • Mar 10, 2016 7:36am Mar 10, 2016 7:36am
Quoting maflip
{quote} Yes possible down I go wherever the market go. I am watching GJ. A sell off might hit if they touch 160.940 160.930. It's struggling right now. But for now I wont touch the short.
yup...better to wait it out and let the madness die down a bit. not much to gain at the moment anyways imo.....perhaps the london close will spark the sell off with everyone profit taking?? who knows

fundamentally though...bad for eu should be bad for gu all we need is the stocks to get spooked or start to price in the next usd rate hike and boom! we the next leg down
  • #15,070
  • Edited 9:11am Mar 10, 2016 8:34am | Edited 9:11am
160.709 if price drop with strength through this level , wave 3 void.
+133 +82 pips hold , wait exit signal
Exits == most important part of your strategy
  • #15,071
  • Mar 10, 2016 9:03am Mar 10, 2016 9:03am
Quoting Big Bruv
{quote} 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...
Don't say I didn't warn you -

Happy trading
  • #15,072
  • Mar 10, 2016 9:06am Mar 10, 2016 9:06am
Quoting Big Bruv
{quote} Don't say I didn't warn you - Happy trading


<---- IR Intraday swing trader already made money here and there and everywhere.

CADJPY and AUDJPY is a dead cat bounce pattern or V Reversal etc etc etc. It MIGHT make a new high.
  • #15,073
  • Mar 10, 2016 9:20am Mar 10, 2016 9:20am
Quoting maflip
{quote} <---- IR Intraday swing trader already made money here and there and everywhere. CADJPY and AUDJPY is a dead cat bounce pattern or V Reversal etc etc etc. It MIGHT make a new high.
Haha.. I am god of forex LOL

Already made more pips for 2 years..so no need to take risks
  • #15,074
  • Mar 10, 2016 9:25am Mar 10, 2016 9:25am
Profit taking 162.54 .
Resistance : 163.956 ( 18/2)
support1 : 161.851 , if price dip below this level , put your stop loss fibp/pivot below .
support : 161.167 , if price dip hard below this level , wave 3 trend up void .
Exits == most important part of your strategy
  • #15,075
  • Mar 10, 2016 9:29am Mar 10, 2016 9:29am
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
job done .
Exits == most important part of your strategy
  • #15,076
  • Mar 10, 2016 9:38am Mar 10, 2016 9:38am
So, if this buy works at 162.00.....the target is 163.77 coz it looks so much like an isolated A B C pattern to the up
  • #15,077
  • Mar 10, 2016 9:43am Mar 10, 2016 9:43am
Quoting Gbp/jpy
So, if this buy works at 162.00.....the target is 163.77
but if loss I dont have enough money to pay you back . ...
anyway , I do help if I am here
** I hope my system is NOT only work for this week , so far those level number accurate.if drop below 161.872 , then must care about your long , if price below this level , very high possibility trend up wave 3 void , but if price retrace above this level , trend up resume .
Exits == most important part of your strategy
  • #15,078
  • Edited 10:26am Mar 10, 2016 10:03am | Edited 10:26am
S1 : 161.872 - I test entry at this level , long from 162.077 < --- bad entry becuz dont know 1/3 year in play
S2 : 161.260 - wave 3 final support , if dip below , wave 3 up MAY BE void , so I put stop loss below this level , hope work .
R : 163.956 ( 18/2) I think this is next target if this wave 3 is valid
* my English is bad , I try type as good as possible .
* 1/3 year range is 162.252 , if price drop from here mean this level play . any candlestick near this level normally work % higher , just like now M30 SS [shooting star ].
Exits == most important part of your strategy
  • #15,079
  • Mar 10, 2016 10:35am Mar 10, 2016 10:35am
I hope this is wave 3 and not wave 4 as what I suspect .
Exits == most important part of your strategy
  • #15,080
  • Mar 10, 2016 10:36am Mar 10, 2016 10:36am
so....take a look a the S&P....think this is the edge of the cliff....im waiting for a pullback to short
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