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Dragon Riders GBP/JPY

  • #15,081
  • Edited 10:55am Mar 10, 2016 10:40am | Edited 10:55am
Quoting raiders
so....take a look a the S&P....think this is the edge of the cliff....im waiting for a pullback to short
I think I am not suitable to trade wave form
I able detect wave , but NO wave knowledge. - do know when market maker in play by look at volume , so accurate & very profitable
** I already know how to spot those important entry for market maker , like yesterday they enter from Point C'
Exits == most important part of your strategy
  • #15,082
  • Mar 10, 2016 11:00am Mar 10, 2016 11:00am
Quoting edmun1388
{quote} I think I am not suitable to trade wave form I able detect wave , but NO wave knowledge. - do know when market maker in play by look at volume , so accurate & very profitable
well....technically we could have completed wave 5. so....the impulse up could be over already. will not be able to confirm until 159.48 but im not waiting that long. if you go back and look at the UJ, SP500 and GU charts I posted yesterday you will see why. ALL are following the scenarios I was giving out.

SP broke the trendline up.....it might be trying to test the break right now. But SP and UJ are very correlated. So if equities drop so does UJ. SP could be falling from a major head and shoulders on the daily. This is actually a move thats been in the works for months. Ive got a chart i posted on this back in Oct or Nov

UJ rejected from the top trendline of the triangle and broke the trendline up of the recent swing. That means that the recent swing low was D and the rejection from the top trendline was E.....means so long sucka for that pair

GU is currently on its way up to test the 382 fib from the recent swing just like GJ just did. Its lagging behind a bit but when they are in sync it should be a quick drop because UJ and GU will both be looking to fall

Again...I could be completely wrong, but the RR is there for me because I see this thing falling to new lows
  • #15,083
  • Mar 10, 2016 11:03am Mar 10, 2016 11:03am
great reading here...you know....for staying well grounded.... that last climb out couldn't get past the sticky spot...Gold is up 20 dollars...
  • #15,084
  • Mar 10, 2016 11:39am Mar 10, 2016 11:39am
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD.png Size: 79 KB
Click to Enlarge Name: SP.png Size: 93 KB
Click to Enlarge Name: UJ240.png Size: 109 KB
Attached Image
  • #15,085
  • Mar 10, 2016 1:26pm Mar 10, 2016 1:26pm
yep, I see.....that spike.....fakey, huh?! that spike up this a m
  • #15,086
  • Mar 10, 2016 2:35pm Mar 10, 2016 2:35pm
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
Thx , I am now work on - no more think wave 1,2,3,4,5,a,b,c, is follow sequence , just use my brain predict wave now is what ever I think , either judge it by bars count , volume , AO , CCI, zigzag etc .. so in my mind now never think wave is fix for us to trade .
Exits == most important part of your strategy
  • #15,087
  • Edited 3:15pm Mar 10, 2016 2:44pm | Edited 3:15pm
support : 160.956 - 161.2
resistance : 162.76 - 162.869

Edit + : let see TP1 162.14 then raiders short from here rofl
Exits == most important part of your strategy
  • #15,088
  • Mar 10, 2016 3:07pm Mar 10, 2016 3:07pm
eye on 162.2 for possible short
  • #15,089
  • Mar 10, 2016 3:58pm Mar 10, 2016 3:58pm
What about the free spreadsheet.....I gotta tell ya......there's no words....
Quoting edmun1388
{quote} Thx , I am now work on - no more think wave 1,2,3,4,5,a,b,c, is follow sequence , just use my brain predict wave now is what ever I think , either judge it by bars count , volume , AO , CCI, zigzag etc .. so in my mind now never think wave is fix for us to trade .
  • #15,090
  • Edited 4:17pm Mar 10, 2016 4:01pm | Edited 4:17pm
Quoting Gbp/jpy
What about the free spreadsheet.....I gotta tell ya......there's no words....{quote}
U have that spreadsheet ? want a
* fk that oanda , 6 am here 20 pips spread
* he is here http://www.forexfactory.com/ian*copsey
** I am now , search and predict where/when start of wave , then use M30 , M1 to entry , nice , can catch pips here and there , M1 do give exit signal - alligator
Exits == most important part of your strategy
  • #15,091
  • Mar 10, 2016 4:18pm Mar 10, 2016 4:18pm
it's free on his BlogSpot website.....my system demolishes most....so don't pay for it. It's handy as hail, though.
Trading my wristwatch works fine. Those ratios of projections and pullbacks hit within 3 pips..sometimes 17 pips due to market volatility.
  • #15,092
  • Mar 10, 2016 4:19pm Mar 10, 2016 4:19pm
Quoting Gbp/jpy
it's free on his BlogSpot website.....my system demolishes most....so don't pay for it. It's handy as hail, though. Trading my wristwatch works fine. Those ratios of projections and pullbacks hit within 3 pips..sometimes 17 pips due to market volatility.
ok , thx
Exits == most important part of your strategy
  • #15,093
  • Mar 10, 2016 4:23pm Mar 10, 2016 4:23pm
You're my brother..... exactly opposite sides....huh from Texas.....Hey, sun's almost down.....I'm sending it to ya....ha ha
  • #15,094
  • Mar 10, 2016 4:42pm Mar 10, 2016 4:42pm
the dragon looks strong still , this could revisit the level it bounced of, lucky to capture the spike as put that point I mentioned few pages back as a tp. Could easily go to the next fib on the daily 164 level, so will just let it run now. Will do the "bread and butter " reversals as a supplement using time watch , drew a diagram while back to illustrate , works like clock work as gbpjpy knows.
  • #15,095
  • Mar 10, 2016 5:22pm Mar 10, 2016 5:22pm
that is a great graphic.....up from now on.....
Quoting Pip-Miner
the dragon looks strong still , this could revisit the level it bounced of, lucky to capture the spike as put that point I mentioned few pages back as a tp. Could easily go to the next fib on the daily 164 level, so will just let it run now. Will do the "bread and butter " reversals as a supplement using time watch , drew a diagram while back to illustrate , works like clock work as gbpjpy knows.
  • #15,096
  • Mar 10, 2016 6:30pm Mar 10, 2016 6:30pm
the predictive model suggests this will go up during the Asian session, eventually reaching 162.84. As long price is supported by the 50 day ma on the hourly the model is valid.
Attached Image (click to enlarge)
Click to Enlarge Name: dragon.PNG Size: 46 KB
  • #15,097
  • Mar 10, 2016 7:28pm Mar 10, 2016 7:28pm
Quoting raiders
eye on 162.2 for possible short
scratch that.....162.6 is what im looking for
  • #15,098
  • Mar 10, 2016 8:31pm Mar 10, 2016 8:31pm
cool...short at 230am N Y time betcha....then long at 430
  • #15,099
  • Mar 10, 2016 10:00pm Mar 10, 2016 10:00pm
kinda a code in that black void....which is after-hour boys in N Y
Quoting Pip-Miner
the predictive model suggests this will go up during the Asian session, eventually reaching 162.84. As long price is supported by the 50 day ma on the hourly the model is valid. {image}
  • #15,100
  • Mar 10, 2016 10:15pm Mar 10, 2016 10:15pm
Quoting Pip-Miner
the predictive model suggests this will go up during the Asian session, eventually reaching 162.84. As long price is supported by the 50 day ma on the hourly the model is valid. {image}
just curious, where did you get 162.84 from?

I got 162.68 because its 90% of the recent move which would at that point qualify as B
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