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Dragon Riders GBP/JPY

  • #15,101
  • Mar 10, 2016 8:35pm Mar 10, 2016 8:35pm
Quoting raiders
{quote} 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
daily high , the 90% has greater chance of being achieved.
  • #15,102
  • Mar 10, 2016 8:55pm Mar 10, 2016 8:55pm
Quoting Pip-Miner
{quote} daily high , the 90% has greater chance of being achieved.
gotcha.

anyways....took a stab at short from 162.15...618 fib plus all kins of resistance from the highs on 3/4 and 3/7 tight sl....tp 160.2
  • #15,103
  • Mar 10, 2016 8:55pm Mar 10, 2016 8:55pm
Tokyo is just about now returning from lunch....
  • #15,104
  • Mar 10, 2016 9:02pm Mar 10, 2016 9:02pm
Quoting raiders
{quote} gotcha. anyways....took a stab at short from 162.15...618 fib plus all kins of resistance from the highs on 3/4 and 3/7 tight sl....tp 160.2
haha yes, some sort retrace down is on the cards , already signs
  • #15,105
  • Mar 10, 2016 9:21pm Mar 10, 2016 9:21pm
Quoting edmun1388
support : 160.956 - 161.2 resistance : 162.76 - 162.869 Edit + : let see TP1 162.14 then raiders short from here rofl
raiders , have you short it ?
Exits == most important part of your strategy
  • #15,106
  • Mar 10, 2016 9:32pm Mar 10, 2016 9:32pm
Quoting edmun1388
{quote} raiders , have you short it ?
I did :nerd:lets see if it works...sl is sitting extra tight at .3 so im kinda nervous but figure if this level is gonna hold its gonna hold......equal legs from this area puts us at the 160.2 plus if you draw a parallel channel conecting yesterdays high to 162.15 and take the equal legs it lines up perfectly with what would be the bottom of the channel
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  • #15,107
  • Mar 10, 2016 9:47pm Mar 10, 2016 9:47pm
good sell there....I think .72 will send it back up.....first time anyway
  • #15,108
  • Edited 10:13pm Mar 10, 2016 10:00pm | Edited 10:13pm
Bearish Head and shoulders pattern. But it seems to have failed. There is a good chance it could retest the high of that head now. Ill be buying the dips on this thing as long as the head is not yet retested and the lower shoulder not yet broken. If wrong then OOPS
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  • #15,109
  • Mar 10, 2016 10:26pm Mar 10, 2016 10:26pm
hold short from 162.089 , wave test BAT pattern
* trade without direction
Exits == most important part of your strategy
  • #15,110
  • Mar 10, 2016 10:27pm Mar 10, 2016 10:27pm
Quoting raiders
{quote} I did :nerd:lets see if it works...sl is sitting extra tight at .3 so im kinda nervous but figure if this level is gonna hold its gonna hold......equal legs from this area puts us at the 160.2 plus if you draw a parallel channel conecting yesterdays high to 162.15 and take the equal legs it lines up perfectly with what would be the bottom of the channel {image}
I see nice analysis bro. You could be right but the thing is the 2nd shoulder completed there and the down move should have already happened after that completion. But nothing is concrete I could be wrong.

But the way I see it the bears already had their chance but failed at it. We will see.

Nice to see others analysis.
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  • #15,111
  • Mar 10, 2016 10:36pm Mar 10, 2016 10:36pm
If GJ go up can reach 162.594944
closed short +4 ...wait and see where gj go
Exits == most important part of your strategy
  • #15,112
  • Mar 10, 2016 10:38pm Mar 10, 2016 10:38pm
Quoting edmun1388
If GJ go up can reach 162.594944
I'm targeting at least 162.651 for head retest.
  • #15,113
  • Edited 11:16pm Mar 10, 2016 10:46pm | Edited 11:16pm
Quoting maflip
{quote} I see nice analysis bro. You could be right but the thing is the 2nd shoulder completed there and the down move should have already happened after that completion. But nothing is concrete I could be wrong. But the way I see it the bears already had their chance but failed at it. We will see. Nice to see others analysis. {image}
trendline fighting for its life right now. if it gets a clean rejection im going to go to sleep for a few hours and let it do its thing. lif not then ill be stopped out and prob just wait for the london close to short as i think they will be taking profits going into the weekend

ohh well....cant win them all
  • #15,114
  • Mar 10, 2016 11:29pm Mar 10, 2016 11:29pm
If you really want a short take a close watch at EJ. This needs to go higher after London open to convince anyone it will go up more. It's at the apex right now something should happen soon. But if it keeps going up after the resistance dont fight it.
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  • #15,115
  • Mar 10, 2016 11:33pm Mar 10, 2016 11:33pm
Quoting maflip
If you really want a short take a close watch at EJ. This needs to go higher after London open to convince anyone it will go up more. It's at the apex right now something should happen soon. {image}
UJ at a great spot currently. will see how it goes, if the recent up trend gets broken i will enter short on that pair and hold for a while
  • #15,116
  • Edited Mar 11, 2016 12:03am Mar 10, 2016 11:36pm | Edited Mar 11, 2016 12:03am
Quoting edmun1388
If GJ go up can reach 162.594944 closed short +4 ...wait and see where gj go
o . o. o. -- wave fail again .. ?? I doubt trade wave can make profit.
* 1/3 yr : 162.251 <---- 3rd time this line on play .
Exits == most important part of your strategy
  • #15,117
  • Mar 10, 2016 11:37pm Mar 10, 2016 11:37pm
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}
trade is unchanged
  • #15,118
  • Mar 11, 2016 12:00am Mar 11, 2016 12:00am
Local support and resistance.

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  • #15,119
  • Mar 11, 2016 12:11am Mar 11, 2016 12:11am
162% FE is final target but can go up more. At 127% extension now trailing stop in place.
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  • #15,120
  • Mar 11, 2016 12:19am Mar 11, 2016 12:19am
M30 view.

If price breaks out of the supply zone, will look to buy on pullback if something sets up.

If price breaks down, will look to sell if something sets up.

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