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Dragon Riders GBP/JPY

  • #16,321
  • Apr 13, 2016 3:52pm Apr 13, 2016 3:52pm
Quoting Don96
{quote} Second red cross testing.. +400 {image}
still didn't get above that red cross I posted a while back... last post on this now as I'm not in... will post if I think I have something developing

156.10x and 156.3x may have some substance for shorts
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  • #16,322
  • Apr 13, 2016 8:35pm Apr 13, 2016 8:35pm
Hmmmm I woke up just in time to see a H&S Pattern. But shoulder not broken yet.
  • #16,323
  • Apr 13, 2016 8:36pm Apr 13, 2016 8:36pm
Care , H4 look like/may be down move.
Exits == most important part of your strategy
  • #16,324
  • Apr 13, 2016 8:37pm Apr 13, 2016 8:37pm
I've got a break of the rising line. but i don't like that it came during asian session. still gonna wait till it touches the outer channel before making a move
  • #16,325
  • Apr 13, 2016 8:44pm Apr 13, 2016 8:44pm
Yeah it might work but it's interesting to see UJ might be retesting 110 again. For me lower shoulder break is below 154.946. But it's Asian session right now. Yes rising line is already broken. It's just this pattern now.
  • #16,326
  • Apr 13, 2016 9:07pm Apr 13, 2016 9:07pm
UJ seems to be rejecting 382 fib from the down swing. perhaps it retries it again in a few hours?
  • #16,327
  • Apr 13, 2016 9:32pm Apr 13, 2016 9:32pm
Quoting edmun1388
Care , H4 look like/may be down move.
you posted at 742 NY time.......guess what.....
  • #16,328
  • Apr 13, 2016 10:59pm Apr 13, 2016 10:59pm
Prob not the most popular thing to be saying right now. BUT...possible that this up move just completed was only A of the correction. Either way I'm still looking for a bounce then I will try to sell down to 153.7. But I was looking at the UJ count and it might be completing A so i would think that both will prob move together. I come to this conclusion because of the low on 4/10 and how it dipped lower than the low on 4/7. IF it was a running flat then C on the UJ move should have been truncated I believe and stopped at equal legs and not gone all the way to the 382.

Anyone got a count on it??
  • #16,329
  • Apr 13, 2016 11:07pm Apr 13, 2016 11:07pm
Quoting raiders
Prob not the most popular thing to be saying right now. BUT...possible that this up move just completed was only A of the correction. Either way I'm still looking for a bounce then I will try to sell down to 153.7. But I was looking at the UJ count and it might be completing A so i would think that both will prob move together. I come to this conclusion because of the low on 4/10 and how it dipped lower than the low on 4/7. IF it was a running flat then C on the UJ move should have been truncated I believe and stopped at equal legs and not gone...
great one, imho, UJ still on the long but GJ pattern was creating a lower low at the moment
  • #16,330
  • Apr 13, 2016 11:24pm Apr 13, 2016 11:24pm
JPY general increase in strength in the Asian, GBP is weaker and tanking against the USD. Major news London may change gbp strength, Conditions lots better today for reversals
  • #16,331
  • Apr 14, 2016 12:55am Apr 14, 2016 12:55am
my short term prediction
Attached Image
  • #16,332
  • Apr 14, 2016 1:59am Apr 14, 2016 1:59am
Somewhere in the red triangle gonna try a short
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  • #16,333
  • Apr 14, 2016 2:11am Apr 14, 2016 2:11am
looks like i might have missed the move in GJ oh well

GU looking for a bounce
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  • #16,334
  • Apr 14, 2016 2:17am Apr 14, 2016 2:17am
Quoting raiders
looks like i might have missed the move in GJ oh well GU looking for a bounce {image}
Gonna quote FX-Ray regarding your worries with GJ:

"Patience"

  • #16,335
  • Apr 14, 2016 2:22am Apr 14, 2016 2:22am
Quoting raiders
Somewhere in the red triangle gonna try a short {image}
Why not? The sloping up trendline is broken and H&S is broken you should have been short along time ago. You may have a second chance if there is a retest. But it may or may not come. Or it may come but what if the trend changed again?

Oh I see you are waiting for a B pattern down.
  • #16,336
  • Apr 14, 2016 2:26am Apr 14, 2016 2:26am
Quoting maflip
{quote} Why not? The sloping up trendline is broken and H&S is broken you should have been short along time ago. You may have a second chance if there is a retest. But it may or may not come. Or it may come but what if the trend changed again? Oh I see you are waiting for a B pattern down.
decided to watch the lakers game instead of working GU looks like a solid buy in about 50 pips or so though...time will tell
  • #16,337
  • Apr 14, 2016 2:32am Apr 14, 2016 2:32am
but yea..was hoping a retest of something up there would happen. the fact that it hasn't and doesn't appear to be happening is reinforcing my thoughts of this move being B
  • #16,338
  • Apr 14, 2016 2:48am Apr 14, 2016 2:48am
Quoting raiders
but yea..was hoping a retest of something up there would happen. the fact that it hasn't and doesn't appear to be happening is reinforcing my thoughts of this move being B
Man we waited for that sloping up trendline to break for two days but you did not short. oh well. it's fine bro. Next trade Big GBP news later (Bank Rate)...
  • #16,339
  • Apr 14, 2016 3:06am Apr 14, 2016 3:06am
Quoting maflip
{quote} Man we waited for that sloping up trendline to break for two days but you did not short. oh well. it's fine bro. Next trade Big GBP news later (Bank Rate)...
lol i know man!! ohh well....i shorted UJ and EJ a little bit ago though both already sitting at be so wither way it will be a good week. Also I'm seeing 153.8 as a possible trouble zone
  • #16,340
  • Apr 14, 2016 7:08am Apr 14, 2016 7:08am
Hey gang, had a long day at work yesterday so very little time for charts.

But I think we've seen the end of the correction here. Looking at the 15-minute:

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The SMAs are crossing over and we haven't seen that since before the correction started. Feels like she wants to roll over here.

Waiting patiently...
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