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Dragon Riders GBP/JPY

  • #15,301
  • Mar 17, 2016 3:56pm Mar 17, 2016 3:56pm
Quoting PeteHFX
{quote} I like to look at forecasts from many different sites. A broad range of opinions arent always a bad thing.Didnt you also say at the beginning of the week: "In fact, I really like a test of the 50% fib at 164.81"?
Sure... at the beginning of the week. But, as they tend to do throughout the week, things have changed substantially.

Here's a nugget for you. I'm not offering commentary, just my Picasso

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check out my blog: forexmademillionaire dot com
  • #15,302
  • Mar 17, 2016 5:20pm Mar 17, 2016 5:20pm
Quoting Geppy
{quote} Sure... at the beginning of the week. But, as they tend to do throughout the week, things have changed substantially. Here's a nugget for you. I'm not offering commentary, just my Picasso {image}
My analysis is consistent with Geppy the dragon slayer, I'm confident its correct without boj intervention . I posted this earlier in the week.
Attached Image
  • #15,303
  • Mar 17, 2016 7:46pm Mar 17, 2016 7:46pm
Sold 2 lot GBPJPY @ 160.70 with SL 161.10
  • #15,304
  • Mar 17, 2016 7:56pm Mar 17, 2016 7:56pm
Quoting subbusuper
Sold 2 lot GBPJPY @ 160.70 with SL 161.10
Nice one , reversal right on time
  • #15,305
  • Mar 17, 2016 8:03pm Mar 17, 2016 8:03pm
Quoting Pip-Miner
{quote} Nice one , reversal right on time
Thanks , hope for the best..
  • #15,306
  • Mar 17, 2016 8:05pm Mar 17, 2016 8:05pm
any TPs u guys looking at, i plan to hold this down the throat of last Lows
  • #15,307
  • Mar 17, 2016 8:09pm Mar 17, 2016 8:09pm
Opened up another short a little bit ago then closed it, should have followed my rules an kept it open.
  • #15,308
  • Mar 17, 2016 8:52pm Mar 17, 2016 8:52pm
Quoting subbusuper
Sold 2 lot GBPJPY @ 160.70 with SL 161.10
Seems like a strange place to sell and a strange place to put a SL. Guess that's why it got nipped.
check out my blog: forexmademillionaire dot com
  • #15,309
  • Mar 17, 2016 8:56pm Mar 17, 2016 8:56pm
Quoting Geppy
{quote} Seems like a strange place to sell and a strange place to put a SL. Guess that's why it got nipped.
May be and afteral Tokyo session obivosly BOJ plays main role, normally i don't trade this session, i get up in London open, unfortunatly didn't slept today.
  • #15,310
  • Mar 17, 2016 9:15pm Mar 17, 2016 9:15pm
I still feel like it's not done correcting the recent swing. Maybe it creeps back up to 162ish? Maybe it doesn't?
  • #15,311
  • Mar 17, 2016 9:58pm Mar 17, 2016 9:58pm
Level : 160.340 - valid within 4 hours
entry use your own method , trade take own risk .
Exits == most important part of your strategy
  • #15,312
  • Mar 18, 2016 12:28am Mar 18, 2016 12:28am
Bullish/bearish? Pretty much right on the line.

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  • #15,313
  • Mar 18, 2016 1:32am Mar 18, 2016 1:32am
level 160.605 - valid within 3 hours
** trade own risk , if you loss I will not return your money .
Exits == most important part of your strategy
  • #15,314
  • Mar 18, 2016 2:02am Mar 18, 2016 2:02am
Level 160.735 valid within 3 hours .
I already short from 160.792 , M1 entry
this trade is not ease because between R/S :
R : 160.735
S: 160.280
Exits == most important part of your strategy
  • #15,315
  • Mar 18, 2016 2:03am Mar 18, 2016 2:03am
Quoting edmun1388
Level 160.735 valid within 3 hours . I already short from 160.792 , M1 entry
What is ur target for that entry, i see 159.xx
  • #15,316
  • Edited 2:23am Mar 18, 2016 2:09am | Edited 2:23am
Quoting Pixie666
{quote} What is ur target for that entry, i see 159.xx
I do not know , I doubt this friday trade since this week I got 4 signal , all win ,, and it is impossible to have 100% win rate strategy, and I think must have 1 or 2 fail soon.
care

** why I doubt this trade ? because support long ternm line very close to trigger level ,
support : 160.280

** 1st fail signal - retrace above 160.680 - because normally when price break this level will not retrace so many as usual , may cause by friday no news drive it.max pips +35 , not yet close
Exits == most important part of your strategy
  • #15,317
  • Mar 18, 2016 2:32am Mar 18, 2016 2:32am
This week signal so far , Oanda GMT +5
2016.03.14 11:47 162.721 [161.774] - short max 318 pips
2016.03.16 10:12 160.260 [161.807] - long max 77 pips
2016.03.16 23:59 160.340 [161.807] - short max 133 pips
2016.03.17 08:09 160.016 [161.347] -long max 152 pips
now 160.797

so I think must have 1 signal fail in 1 week , no holy grail .
** I still test this strategy , and try find out solution where the fail point , like now what I see after break level , price retrace too many signal fail , may mean I can trade reverse ,price go above 160.680 may be is the fail level

*** BUT if I target +30 then out , then this signal is not fail , but win also .
Exits == most important part of your strategy
  • #15,318
  • Mar 18, 2016 4:17am Mar 18, 2016 4:17am
H4. It's obvious where the current range is.

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M30. Price is in the channel.

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M15. There may be some selling opportunity at 160.65, maybe a bit higher at 160.95'ish. If price takes these levels out then I'll look for buy opportunities.

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I don't want to offend anyone here, but seriously, random trade calls without some kind of chart setup is useless.
  • #15,319
  • Edited 6:23am Mar 18, 2016 5:12am | Edited 6:23am
Thing is yesterdays break of support is a fake out at the moment. So there could be a possibility a retest of that top right shoulder is coming before bringing this back down again. Big picture is still bearish of course but there is that possibility due to yesterdays fake out.

And yes that seems to look like a big bearish head and shoulders forming. But still incomplete. If it works it's a big one and the down move is big as well.

I'm not trading today going on a dinner date. Have a great weekend.
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  • #15,320
  • Mar 18, 2016 7:24am Mar 18, 2016 7:24am
Level 160.971 break , so next level 161.539.
Exits == most important part of your strategy
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