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Dragon Riders GBP/JPY

  • #15,141
  • Mar 11, 2016 12:03pm Mar 11, 2016 12:03pm
Daily view.

Price is approaching daily supply, which is also a 50 percent (more or less) retrace of the primary D1 swing point (nice confluences here and the primary swing point).

Would've happily shorted this pair today on M30 but didn't see the setup. To short in this higher TF area I'd now need to see at least a H4 chart pattern - H&S, something like that. This isn't to say lower TF shorts would be off the table for me, but I'd need to see them setup in their respective TF.

Have a great weekend.

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  • #15,142
  • Mar 11, 2016 12:34pm Mar 11, 2016 12:34pm
S&P looks like its on borrowed time...already broke down temporarily yesterday only to find life today...life support will not last much longer imo
  • #15,143
  • Mar 11, 2016 1:08pm Mar 11, 2016 1:08pm
All this nice followthrough is just volatility in the pair....Gold is steady as a rock ....ainta budgin even, .....at the previous low way down there level...
edit....it had to drop now or on Sunday.....asia isn't going to hit a new high on a Sunday. probably cycle again right now....back up....then schmooze down like usual till the close.
  • #15,144
  • Mar 11, 2016 2:18pm Mar 11, 2016 2:18pm
happy weekend guys! looks like the end of the week brought more clarity in the pairs. Looking forward to next week as i think it will be the beginnings of the next big swings in pairs.
  • #15,145
  • Mar 11, 2016 3:06pm Mar 11, 2016 3:06pm
e good....big swings.....yes I see that sooner or later here ...within two weeks so, I'm thinkin the same.
  • #15,146
  • Mar 11, 2016 3:57pm Mar 11, 2016 3:57pm
well done guys, we landed some very good setups , pleasure trading and hope you all made lots pips. Next week will be interesting with this pair, as it's currently testing the 200ma on the h4. Will be watching to see if price breaks down or pushes through.
  • #15,147
  • Mar 11, 2016 7:47pm Mar 11, 2016 7:47pm
Quoting Pip-Miner
well done guys, we landed some very good setups , pleasure trading and hope you all made lots pips. Next week will be interesting with this pair, as it's currently testing the 200ma on the h4. Will be watching to see if price breaks down or pushes through.
interesting, we are at the same fib retrace from the last swing up ,between 30 and 50
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  • #15,148
  • Mar 12, 2016 1:23am Mar 12, 2016 1:23am
The pair will hit 167 and will continue its bearish trend.
Money never sleeps I can hear the dollar calling me
  • #15,149
  • Mar 13, 2016 10:45pm Mar 13, 2016 10:45pm
short term is just killin em......100 pips on Sunday.....Asia is on time to the minute....gravy train baby.....and sellin Gold till midnite in N Y....I don't know why Gold always sells off till 3 am N Y...
  • #15,150
  • Mar 13, 2016 11:08pm Mar 13, 2016 11:08pm
Quoting Gbp/jpy
short term is just killin em......100 pips on Sunday.....Asia is on time to the minute....gravy train baby.....and sellin Gold till midnite in N Y....I don't know why Gold always sells off till 3 am N Y...
I hear ya man too easy gold and dragon best combo
  • #15,151
  • Mar 13, 2016 11:10pm Mar 13, 2016 11:10pm
Gbpaud is just a tanker nothing but down
  • #15,152
  • Mar 13, 2016 11:50pm Mar 13, 2016 11:50pm
Gbp /Aud is so cool....and I'm a GBP/NZD'r too....eur/aud on Wed. will take it to the got tam bank...
  • #15,153
  • Mar 14, 2016 1:18am Mar 14, 2016 1:18am
Quoting Gbp/jpy
Gbp /Aud is so cool....and I'm a GBP/NZD'r too....eur/aud on Wed. will take it to the got tam bank...
BOOM!
  • #15,154
  • Mar 14, 2016 1:21am Mar 14, 2016 1:21am
So....im seeing a possible bull flag on the 30m. After looking deeper into the pair im going back to my initial 167.7ish number. That said, waiting for it to either drop down to the bottom trendline of the flag or buying the break.
  • #15,155
  • Mar 14, 2016 1:51am Mar 14, 2016 1:51am
I on GJ bear.
Exits == most important part of your strategy
  • #15,156
  • Mar 14, 2016 3:04am Mar 14, 2016 3:04am
Charts?
  • #15,157
  • Mar 14, 2016 3:31am Mar 14, 2016 3:31am
Quoting simond2002
Charts?
M30 stochastic overbought.
* I use M1 entry , PA + alligator
Exits == most important part of your strategy
  • #15,158
  • Mar 14, 2016 3:48am Mar 14, 2016 3:48am
Market not moving a slow open.

ZzzzZ Zzzzz ZZZ

But... ABC?

Zzzzz

Gonna wait what they do at US Session for me.
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  • #15,159
  • Mar 14, 2016 3:52am Mar 14, 2016 3:52am
200+ pip spike forming audgbp , looking for opportunity to short
  • #15,160
  • Mar 14, 2016 4:09am Mar 14, 2016 4:09am
Current intraday M30 view has it sitting at support. Short targets on this TF are the lower blue box, i.e. Friday's decision point to break the flag. It may consolidate at support, however, time will tell on that one.

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M5 view. It's retracing some of this morning's move. I don't intend to trade this on the M1 but 163.25 is the last area where M5 sellers came in.

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