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Dragon Riders GBP/JPY

  • #15,741
  • Apr 3, 2016 5:59pm Apr 3, 2016 5:59pm
if you can put your SL on GBJPY @ 158 you can go long now. I'd wait for london open I trade with bigger lots I can't risk any losses here.
  • #15,742
  • Apr 3, 2016 6:01pm Apr 3, 2016 6:01pm
long EUR JPY at levels on the chart SL 40 pips TP 127.80. Do it after london pulls EUR USD lower.
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  • #15,743
  • Apr 3, 2016 6:15pm Apr 3, 2016 6:15pm
Quoting asgcorp
{quote} added some more. 8 std lots long now tp 113.
careful man, I would wait for the Japanese to look at it first, currently getting dangerous signal for long
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  • #15,744
  • Apr 3, 2016 6:17pm Apr 3, 2016 6:17pm
bottomline: whatever goes on in asian session with GJ and EJ I don't trust much.
  • #15,745
  • Apr 3, 2016 6:23pm Apr 3, 2016 6:23pm
Quoting Pip-Miner
{quote} careful man, I would wait for the Japanese to look at it first, currently getting dangerous signal for long {image}
yeah definately thanks for a heads up, I'm watching this closely, would rather take a break though.

My take is that London open yen will be flat / GU and EU down, therefore EJ and GJ some more room on the downside now.
  • #15,746
  • Apr 3, 2016 6:24pm Apr 3, 2016 6:24pm
GU is pushing higher, but it's a joke. Max it can do before london is another 20 points or so and it's over.
  • #15,747
  • Apr 3, 2016 6:25pm Apr 3, 2016 6:25pm
Quoting asgcorp
GU is pushing higher, but it's a joke. Max it can do before london is another 20 points or so and it's over.

London is a long time away, I"m long g/j for now.
The Trend Is Your Friend
  • #15,748
  • Apr 3, 2016 6:35pm Apr 3, 2016 6:35pm
sure that could work. Ill just leave my UJ positions in place and EJ GJ will review London + 1 hour, see what the big boys bring us.
  • #15,749
  • Apr 3, 2016 6:39pm Apr 3, 2016 6:39pm
the thing I liked for bulls it had a look at 158.5 and decided go up, looks like a 100 or so pip rise in the Asian session for gg currently, but im strictly short on this beast.
  • #15,750
  • Apr 3, 2016 8:04pm Apr 3, 2016 8:04pm
Enter GJ at 158.7 SL 158.35, TP 159.4.
  • #15,751
  • Apr 3, 2016 8:10pm Apr 3, 2016 8:10pm
i have a very difficult time seeing gj go over 161 in the near future
  • #15,752
  • Apr 3, 2016 8:20pm Apr 3, 2016 8:20pm
Quoting raiders
i have a very difficult time seeing gj go over 161 in the near future
agreed. bullish harmonic targets very unreliable on trend continuations , don't you think raiders
  • #15,753
  • Apr 3, 2016 8:46pm Apr 3, 2016 8:46pm
only consider long if price over 158.995
Exits == most important part of your strategy
  • #15,754
  • Apr 3, 2016 9:24pm Apr 3, 2016 9:24pm
Quoting Pip-Miner
{quote} agreed. bullish harmonic targets very unreliable on trend continuations , don't you think raiders
i stopped trading harmonics about a year ago because they proved to be very unreliable for me. Don't get me wrong when they hit its very nice. If you go way back and see one of my very first posts here I called a target that was about 1K pips away using harmonics. But as far as my own trading now, after a few conversations with dudes who did big time bank trading and killed the game, i have found that breaking the chart down to the simplest most easiest recognizable trend line is what is best. Again thats just my opinion. But more often than not, most of the patterns will fall directly in line with the trendines, if they are indeed the correct lines. The key for me is finding the correct lines and trusting the lines no matter what.

Also, as far as JPY pairings the ichi clouds are supposedly the way to go seeing as though the asians trade them like they are the bible and well its a JPY pair. Although i do not like them or use them it makes perfect sense. In the end the trend is our friend and if the trend is following the cloud its best to follow the cloud. But back to harmonics, there are people out there that make a killing using them so if it works for them then so be it. Id rather take a 15-30pip sl on a trend line bounce and know if I'm right or wrong.
  • #15,755
  • Apr 3, 2016 9:30pm Apr 3, 2016 9:30pm
Bullish divergence.
Exits == most important part of your strategy
  • #15,756
  • Apr 3, 2016 9:43pm Apr 3, 2016 9:43pm
Think we bounce and go south? Lets get funky and say 25 pip SL for a possible 200 or maybe even more?
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  • #15,757
  • Apr 3, 2016 9:59pm Apr 3, 2016 9:59pm
Quoting raiders
Think we bounce and go south? Lets get funky and say 25 pip SL for a possible 200 or maybe even more? {image}
here you go man , off the trend line inline with the harmonics.
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  • #15,758
  • Apr 3, 2016 10:05pm Apr 3, 2016 10:05pm
Quoting edmun1388
Bullish divergence.
Bullish divergence + M30 stochastic go up , care short.
Exits == most important part of your strategy
  • #15,759
  • Apr 3, 2016 10:18pm Apr 3, 2016 10:18pm
Quoting Pip-Miner
{quote} here you go man , off the trend line inline with the harmonics. {image}
perfect! Exactly what I meant about the tend lines matching with harmonics. But the kicker is that the line if true will not move or adjust while the pattern can and usually will adjust to price. So while the trendline will allow for a solid entry location the harmonics are very difficult to do that with. Imo of course
  • #15,760
  • Apr 3, 2016 10:20pm Apr 3, 2016 10:20pm
Quoting raiders
{quote} i stopped trading harmonics about a year ago because they proved to be very unreliable for me. Don't get me wrong when they hit its very nice. If you go way back and see one of my very first posts here I called a target that was about 1K pips away using harmonics. But as far as my own trading now, after a few conversations with dudes who did big time bank trading and killed the game, i have found that breaking the chart down to the simplest most easiest recognizable trend line is what is best. Again thats just my opinion. But more often...
Harmonics are a crock. When "they hit" it's like claiming you had a winning session of roulette play by following your "system".

It's a joke; I wouldn't take anyone too seriously that trades them.
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