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Dragon Riders GBP/JPY

  • #15,321
  • Mar 18, 2016 7:24am Mar 18, 2016 7:24am
Maybe a head an shoulders forming on the 4hr? Won't know till the pice action tells.
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  • #15,322
  • Mar 18, 2016 7:43am Mar 18, 2016 7:43am
Assuming this H4 candle closes bullish, then from my side, price would've made a bull flag.

But even that's speculation at this point as there's still time left on the current candle.

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  • #15,323
  • Mar 18, 2016 7:48am Mar 18, 2016 7:48am
will GJ aim 162.300 ?
Exits == most important part of your strategy
  • #15,324
  • Mar 18, 2016 7:49am Mar 18, 2016 7:49am
The H4 bull flag situation is interesting.

Now watching to see how price will react off of this historic M30 level @ 161.75. Some London profit taking perhaps?

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  • #15,325
  • Mar 18, 2016 8:38am Mar 18, 2016 8:38am
Quoting simond2002
The H4 bull flag situation is interesting. Now watching to see how price will react off of this historic M30 level @ 161.75. Some London profit taking perhaps? {image}
Thx bro for that level , so I close with profit when see M1 doji bar fast and fury
Exits == most important part of your strategy
  • #15,326
  • Edited 12:14pm Mar 18, 2016 11:53am | Edited 12:14pm
So....exit one flag only to make another?? Maybe?? Anyways, this lack of volatility is driving me crazy

Got a sell sitting at 162.15...maybe it gets there by miracle later today or sunday. If not, then ill just wait for a trendline to break and sell this lazy pair.

S&P on life support....the risk off is coming sooner than later imo


update to the chart i posted not so long ago...notice its already sitting in overbought territory...must be the suckers buying the media hype about everything being all good in the hood
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  • #15,327
  • Mar 18, 2016 1:58pm Mar 18, 2016 1:58pm
Dow closing suspiciously today..It does not matter if you are long or short right now..make sure you have very tight spot losses from today.

happy haunting
  • #15,328
  • Mar 18, 2016 3:10pm Mar 18, 2016 3:10pm
Quoting raiders
So....exit one flag only to make another?? Maybe?? Anyways, this lack of volatility is driving me crazy Got a sell sitting at 162.15...maybe it gets there by miracle later today or sunday. If not, then ill just wait for a trendline to break and sell this lazy pair. S&P on life support....the risk off is coming sooner than later imo update to the chart i posted not so long ago...notice its already sitting in overbought territory...must be the suckers buying the media hype about everything being all good in the hood {image} {image}
To be honest, I think you're overthinking the entire chart my man.

Flag patterns, by definition, occur within a clear trend. The only clear trend right now is on the daily or a long-term 4-hour chart. There's definitely no way you could find a bullish trend on the 4-hour chart right now.

It's Friday, not much happens on Fridays generally. Stop pulling your hair out and go enjoy your weekend.
check out my blog: forexmademillionaire dot com
  • #15,329
  • Mar 18, 2016 7:58pm Mar 18, 2016 7:58pm
Quoting Geppy
{quote} To be honest, I think you're overthinking the entire chart my man. Flag patterns, by definition, occur within a clear trend. The only clear trend right now is on the daily or a long-term 4-hour chart. There's definitely no way you could find a bullish trend on the 4-hour chart right now. It's Friday, not much happens on Fridays generally. Stop pulling your hair out and go enjoy your weekend.
the only trend i was/am looking at there was a short term zig zag correction as im waiting for a good level to short from. Been waiting for that 162ish for a few days now. I have a good feeling its coming just think the pair got the volatility sucked out of it. I think that if it wasnt friday that second consolidation prob doesnt happen but thats neither here nor there. Still not in the trade though sitting and waiting for a decent sell signal which im guessing comes sunday at some point?? maybe thats why theres no action though lol everyone waiting to short the sucker
  • #15,330
  • Mar 19, 2016 5:40am Mar 19, 2016 5:40am
Quoting Geppy
Flag patterns, by definition, occur within a clear trend.
Whose definition?
  • #15,331
  • Mar 19, 2016 5:53am Mar 19, 2016 5:53am
Quoting raiders
im waiting for a good level to short from. Been waiting for that 162ish for a few days now. I have a good feeling its coming just think the pair got the volatility sucked out of it.
There was a shed load of volatility in this pair Friday. Tiring to trade from west coast of America but London set up a 100 pip rally.

If you're waiting for 162'ish why not just set an alert? Or on the other hand, why not try and trade up to it? M5 Poles and flags all the way.

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  • #15,332
  • Mar 19, 2016 12:10pm Mar 19, 2016 12:10pm
Quoting simond2002
{quote} There was a shed load of volatility in this pair Friday. Tiring to trade from west coast of America but London set up a 100 pip rally. If you're waiting for 162'ish why not just set an alert? Or on the other hand, why not try and trade up to it? M5 Poles and flags all the way. {image}
this pair was putting me to sleep friday lol other than the spike i guess

I dont care for an alert on this pair because when this pair is actually moving it will take 100 pips and spit it back out in minutes. If im sleeping good luck trying wake me lol most of the time it doesnt bother me to watch the charts. well this one at least because it actually moves most of the time. on something else like an AU or NU ill leave buy orders out there and not care because i know it isnt moving with much conviction most of the time.

that 100 pips is not what im interested in. i was actually looking to buy this up move a few days ago and decided against it because its waiting to drop any min now...at least its what i think. how far?? beats me. It has potential to be a deep cut but im not sure boj will let much more go without jumping in. imo you are either right or wrong i dont need to take a crazy drawdown to know it and id also rather sell something thats ready to sell as opposed to just selling it and watching it bounce around for a day or so. anyways.....what i want is the 500 that i think are coming
  • #15,333
  • Mar 19, 2016 12:32pm Mar 19, 2016 12:32pm
Quoting raiders
If im sleeping good luck trying wake me lol
Same here. Recently missed quite a lot of nice EURAUD trades while sleeping.

Quoting raiders
i dont need to take a crazy drawdown to know it and id also rather sell something thats ready to sell
Again, same here, although I guess the main difference is that I'm not interested in what BOJ says. I only trade when PA tells me it's right to do so.

Have a great week ahead.
  • #15,334
  • Mar 19, 2016 1:59pm Mar 19, 2016 1:59pm
Quoting simond2002
{quote} Same here. Recently missed quite a lot of nice EURAUD trades while sleeping. {quote} Again, same here, although I guess the main difference is that I'm not interested in what BOJ says. I only trade when PA tells me it's right to do so. Have a great week ahead.
EURAUD is actually looking EXTRA nice right now. Good potential to both sides with the recent consolidation. Thanks for the heads up
  • #15,335
  • Mar 20, 2016 5:17pm Mar 20, 2016 5:17pm
looking for target 155 and lower over coming weeks. The pair seems to be struggling to make 162 now.
  • #15,336
  • Mar 20, 2016 5:28pm Mar 20, 2016 5:28pm
Quoting Pip-Miner
looking for target 155 and lower over coming weeks. The pair seems to be struggling to make 162 now.
155 is child's play, my man... you know that!
check out my blog: forexmademillionaire dot com
  • #15,337
  • Mar 20, 2016 5:39pm Mar 20, 2016 5:39pm
Quoting Geppy
{quote} 155 is child's play, my man... you know that!
Hope so
  • #15,338
  • Mar 20, 2016 5:48pm Mar 20, 2016 5:48pm
anyone know what caused that gap? anyone else see the gap?
  • #15,339
  • Mar 20, 2016 8:35pm Mar 20, 2016 8:35pm
Sold after rejection of Friday's close.
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  • #15,340
  • Mar 20, 2016 9:27pm Mar 20, 2016 9:27pm
Bank Holiday in Japan. Might have to wait until Europe/US sessions or UK CPI on 22.03 to see if it will have one last shot at the 4H 200SMA.
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