Dragon Riders GBP/JPY

well, any one long GJ?

the trade just got triggered. yous expect trade to TP in 2 hours?

instead of posting jackshit post your live trades and let's discuss afterwards. Cool?

was about to ask you about that. seeing the same thing but with the news in a few hours thinking of staying put till it drops

What? Are you kidding me? I have been posting my live trades here with charts and everything. And my TP's gets hit most of the time. Why are you getting so worked up?

Take it easy bro. No one is out to get you.

also seeing 447/449 in gu. anyone else?

not yet but looking to get in. I don't see GBPJPY trading below 156.40 this week on upside I got 161.20 and 162.40 as initial targets.
Give GJ a bit more time and room on downside I'd wait for a strong H4 candle close before going long.

UJ downside VERY limited now. GU still got potential to run but what's that going to do with GJ? My take is that GJ will be pulled lower by 40-80 pips max and then reverse for 161-162 initially. UJ downside is over.

Long G/Y at 157.00 or 76.4% fib level. To me, this completes wave 2 of wave A. We'll see what happens.

If this is correct, we'll probably see wave 3 of wave A all the way up to 166-168. Time will tell.

GBP USD looks lethal here can get exposed to further downside capped @ 4000 area. Therefore GJ not the proper time to get in long yet.

be careful bro, here's updated EW mark up on GBP USD H4. My take is that we haven't seen the lows yet. GU can drag GJ lower still.

Thanks....however, you also have UJ influencing this pair (and all other JPY related) which cannot be totally ignored (amid rumors of BoJ intervention). If memory serves me right, I think this pair might even move to 175 - 180 until the Brexit vote in June. I wouldn't be surprised. Anyway, I have a SL at 156.50 if the analysis is wrong.

yeah sounds good, though since the move down was pretty significant and strong I'd wait for a green H4 candle to get in. You are right that the new H4 can bring change of direction. Let's wait and find out soon enough on GJ (35 minutes). If UJ can protect 110 level for some more I see good potential on upside.

The 4hr Heiken Ashi shows continued downtrend, 4hr TDI and Stochs shows bottoming but declining trend. Being a solid fib level, I will take my chances here.

If anyone is interested, look for a forum called Trading Made Simple written by someone who, unfortunately, might have passed away awhile.

It's such a shame how this thread ended up - spammer's paradise.

If a trader is trading a single pair on multiple timeframes and unwilling to trade what he sees when it sets up in either direction then he's not a trader.

Below is a M5 chart from yesterday - a simple close above the recent high, retest of support, buying the PA and trailing the market.



Ignoring or discrediting a setup like this, or even worse, being fearful of taking it on the basis of what's happening 3 x TFs up, is ludicrous. It certainly won't help develop the kind of mentality required to survive and prosper in these markets.

If we're going to talk about where this market is going - down down down apparently, then how can anyone ignore the MN, which is clearly at an area where support might develop? Again, as in the point above, this fact shouldn't negate shorting, but trading is about recognising and understanding the landscape, before moving to benefit financially from it.



One poster recently spoke about last Friday's "collapse". Collapse? Are you serious? If there was any collapse in this pair it began last December 11th and was shared here on the Weekly chart, live, circa 2700 pips ago. Nothing to prove here - I trade my way, in my own space, but also trying to share stuff in real time that I've picked up along the way.

As for short continuation on M30. Here's the chart. PA look familiar? See above. I notice someone else already posted their trade in profit. In my view, if a trader is trading the power that truly moves the market, i.e. supply and demand, then this was the best and safest place to risk one's hard earned cash on this TF. Supply and demand is king. Everything else is hocus-pocus.

GU looks very vulnereable tall tower candle almost engulfed by a set of red candles, pretty weak setup atm. I'd wait for GU to settle lower, otherwise it's going to be another moment of shit hitting the fan.

potential bullish cypher daily GBP USD.

GBP JPY entry revised for a long trade. pending order 155.60-80 SL 80 TP1 162 TP2 164.

If you're referring to my post, don't worry since I'm not a spammer. I'm just giving credit to someone who opened my eyes regarding those indicators since I did not come up with them.

Anyway, G/Y looking good. It needs a strong spike up in the 1hr and 4hr chart to signal trend change......I hope it doesn't consolidate at these level. We'll see.