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Dragon Riders GBP/JPY

  • #15,441
  • Mar 24, 2016 8:13pm Mar 24, 2016 8:13pm
Quoting Jaisingh
According to me buy @ 158.90 SL. 159.40 TP - 161.10 Just Be Patient
Friends Started its Upward Journey

Sellers adjust ur Stops
  • #15,442
  • Mar 24, 2016 8:14pm Mar 24, 2016 8:14pm
yup....who knows what it does going forward, but a pull back here followed by a long is what im looking for
  • #15,443
  • Mar 24, 2016 8:15pm Mar 24, 2016 8:15pm
down from here, nice PA

almost hit my SL * (160.250)

added shorts, PA is very tricky watching close...
  • #15,444
  • Mar 24, 2016 8:50pm Mar 24, 2016 8:50pm
160 got rejected hard,
added heavy shorts
TP 158.8x
SL 160.65 * grid

tomorrow is easter, holiday in: EU, GBP, CAD
  • #15,445
  • Mar 24, 2016 9:14pm Mar 24, 2016 9:14pm
its definitely an ending diagonal now that price went as high as it did...only question in my mind is how deep this pullback goes. Could go pretty deep but were going up at some point. i grabbed a short and im gonna move my sl to be very soon to be safe im hoping it actually dips down to 157ish for the bounce.
  • #15,446
  • Mar 24, 2016 9:24pm Mar 24, 2016 9:24pm
Quoting raiders
its definitely an ending diagonal now that price went as high as it did...only question in my mind is how deep this pullback goes. Could go pretty deep but were going up at some point. i grabbed a short and im gonna move my sl to be very soon to be safe im hoping it actually dips down to 157ish for the bounce.
My major concern is usdjpy , great if it goes down
  • #15,447
  • Mar 24, 2016 9:30pm Mar 24, 2016 9:30pm
great chart.....thanks.....
Quoting Denden2012
I am with you Simond2002 and raiders. This is my take. Patience is the hardest part... The spirit is willing but I need to be careful to take only the best setups I identify. Also, quelling doubt is difficult especially on the tough days. {image}
  • #15,448
  • Mar 24, 2016 9:32pm Mar 24, 2016 9:32pm
closed shorts,
JPY data release soon.

won't take any chances at these levels.

fine day for me, cheers
happy easters

(should have managed this 160 rejection better but I had 6 beers+spread was huge at that moment+was on the run)
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  • #15,449
  • Mar 24, 2016 9:41pm Mar 24, 2016 9:41pm
Quoting Pip-Miner
{quote} My major concern is usdjpy , great if it goes down
def wouldn't be mad about seeing it hit 112
  • #15,450
  • Mar 24, 2016 9:44pm Mar 24, 2016 9:44pm
Quoting raiders
{quote} def wouldn't be mad about seeing it hit 112
Yeah that's just cherry on the cake hoping they come crashing down in sync, we all seen how fast dragon can come crashing down with its little bro
  • #15,451
  • Mar 24, 2016 9:49pm Mar 24, 2016 9:49pm
113.9 is not hard.
GU is coming down, but UJ makes me wonder...
+
JPY Core CPI in 2 hours.

see you in london open...
  • #15,452
  • Mar 24, 2016 9:55pm Mar 24, 2016 9:55pm
bad oanda with spread 9.0 - 10.3 pips before BOJ Core CPI y/y
Exits == most important part of your strategy
  • #15,453
  • Mar 24, 2016 10:25pm Mar 24, 2016 10:25pm
UJ is showing bearish divergence on the 4h
GU 4H looks like it wants to drop too
  • #15,454
  • Mar 24, 2016 10:26pm Mar 24, 2016 10:26pm
Quoting edmun1388
bad oanda with spread 9.0 - 10.3 pips before BOJ Core CPI y/y
ehh...i dont even bother worrying about JPY news. MAYBE once or twice a year is it ever meaningful imo the snake speeches are what make the most noise to the jpy
  • #15,455
  • Mar 24, 2016 10:32pm Mar 24, 2016 10:32pm
GJ M1 alligator slowly go up . but CCI say ranging
Exits == most important part of your strategy
  • #15,456
  • Mar 25, 2016 12:43am Mar 25, 2016 12:43am
M30 show price go up , but look at H4 , price is within hard resistance block [wicked bar ] ,long only get < 30 pips . -- max can reach 160.286 imo
So the best is wait short signal that can drop till 158.906
Exits == most important part of your strategy
  • #15,457
  • Mar 25, 2016 1:53am Mar 25, 2016 1:53am
woah my spreads are crazy right now
  • #15,458
  • Mar 25, 2016 1:58am Mar 25, 2016 1:58am
Quoting raiders
woah my spreads are crazy right now
mine 20 pips oanda
Exits == most important part of your strategy
  • #15,459
  • Mar 25, 2016 2:12am Mar 25, 2016 2:12am
Quoting edmun1388
{quote} mine 20 pips oanda
Mine going between 10-13 fxcm. I'm not trading with that shit. Unless something changes I'm taking the day off. This is rediculous
  • #15,460
  • Mar 25, 2016 4:43am Mar 25, 2016 4:43am
Closed the long. Spread widened and stayed that way, skewing the RR and making holding through the retest unviable.

For me, long rationale remains the same - the D1 H/S offers no RR at all because the neckline closed at heavy D1 support.

Happy Easter all

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