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Dragon Riders GBP/JPY

  • #16,961
  • May 3, 2016 11:38pm May 3, 2016 11:38pm
Quoting raiders
I like it dude. Dont worry about activity. Just post your stuff. Im sure everyone here will stop by and check it out and add input. I personally like posting my charts because I like to hear different opinions and get criticism.(although it I dont know why doesnt happen much for some strange reason) Id rather someone destroy my work and help me see something I missed than lose money.
raiders, thanks for that but the thing is, the forum won't let me create a new thread in the 'Interactive Trading' since I'm a new member. And since this is a GBPJPY thread, I can't really post anything here about other crosses here in order to get input, etc.

For example, I just placed couple of orders on CADJPY and AUDJPY but no idea where to post it. We need some sort of JPY cross thread where JPY traders can look and give their input on all JPY crosses, not just exclusively on GBPJPY which is what this thread is used for, which is really great by the way
  • #16,962
  • May 4, 2016 12:16am May 4, 2016 12:16am
post that right here...FXRay is cool like that....those pairs are related to the pair from hail, too.....can Ya believe everyone knew the aud/jpy at 94 was a sell 8 months ago....and it took freakin forever........then that little run back up just about did me in.....ran back up to 90....dahang

hey raiders....naw...you're an oak on this thread......your charts ground us well.
  • #16,963
  • May 4, 2016 12:38am May 4, 2016 12:38am
Quoting Gbp/jpy
post that right here...FXRay is cool like that....those pairs are related to the pair from hail, too.....can Ya believe everyone knew the aud/jpy at 94 was a sell 8 months ago....and it took freakin forever........then that little run back up just about did me in.....ran back up to 90....dahang hey raiders....naw...you're an oak on this thread......your charts ground us well.
Alright Gbp/jpy, you've been here a lot longer than me. Here's my CADJPY buy, when it touches or breaks below the trend line, I'm buying. For now, I've got a buy at 84.086 or so but it's easy to drag the order to the right place.
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  • #16,964
  • May 4, 2016 12:43am May 4, 2016 12:43am
Quoting Gbp/jpy
post that right here...FXRay is cool like that....those pairs are related to the pair from hail, too.....can Ya believe everyone knew the aud/jpy at 94 was a sell 8 months ago....and it took freakin forever........then that little run back up just about did me in.....ran back up to 90....dahang hey raiders....naw...you're an oak on this thread......your charts ground us well.
Looks like the same is happening on AUDJPY so why not have a second trade.
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  • #16,965
  • May 4, 2016 1:54am May 4, 2016 1:54am
London open buy gbpjpy at 155.64

1st target: monthly pivot at 156.60

2nd target: weekly pivot at 157.79
Forex, awful to watch, AWESOME to play
  • #16,966
  • May 4, 2016 2:06am May 4, 2016 2:06am
my short work well.
Exits == most important part of your strategy
  • #16,967
  • May 4, 2016 3:27am May 4, 2016 3:27am
Maybe I should start a lesson on how to trade trend lines. Ah never mind i'm not starting my own thread. Friend you don't draw a trend line if a swing high or low is not yet taken out. If either one is not yet taken out it's not a trend. Also, be careful, you might just be trading a correctional ABCD pattern. On post 16917 see how I traded EU short using a break of an up trend. Notice those boxes?
  • #16,968
  • May 4, 2016 4:43am May 4, 2016 4:43am
Quoting edmun1388
my short work well.
so far so good , 100 pips gain
Exits == most important part of your strategy
  • #16,969
  • May 4, 2016 5:14am May 4, 2016 5:14am
Quoting maflip
Maybe I should start a lesson on how to trade trend lines. Ah never mind i'm not starting my own thread. Friend you don't draw a trend line if a swing high or low is not yet taken out. If either one is not yet taken out it's not a trend. Also, be careful, you might just be trading a correctional ABCD pattern. On post 16917 see how I traded EU short using a break of an up trend. Notice those boxes?
There are enough lessons and insights on this forum, no need for another thread. One just needs to take the time and read, read, read. Then practice, practice, practice
  • #16,970
  • May 4, 2016 5:31am May 4, 2016 5:31am
GU 1.440 looking there for rejection. It looks like a must for continuation up.
GJ is approaching the rising trendline for the chart from earlier. Should coincide with the bounce from 1.440. maybe yes maybe no
  • #16,971
  • May 4, 2016 5:36am May 4, 2016 5:36am
I hope it will hold at 153.80 and bounce back (d1 chart).
row row row your boat
  • #16,972
  • May 4, 2016 5:38am May 4, 2016 5:38am
well indices are looking down on the day. Maybe risk off. Who knows.
  • #16,973
  • May 4, 2016 6:01am May 4, 2016 6:01am
Quoting raiders
well indices are looking down on the day. Maybe risk off. Who knows.
I have a feeling, it will playing around 154.xx - 156.xx till non-farm (hopefully im wrong)
Btw im out from GJ. Still not sure where she wanna go...
row row row your boat
  • #16,974
  • May 4, 2016 6:21am May 4, 2016 6:21am
Quoting alexpi
{quote} There are enough lessons and insights on this forum, no need for another thread. One just needs to take the time and read, read, read. Then practice, practice, practice
Not going to start a lesson. It's just I see so many people trading trend lines incorrectly heh heh. So much hassle to start a new thread. I only post on this thread because I'm comfortable here. I'm not planning to be a hero
  • #16,975
  • May 4, 2016 6:37am May 4, 2016 6:37am
Hi maflip.
A lot has been posted on trendlines. Off the top of your head is there anything worth reading that shows the correct way as there is a good chance I am one of those people that is doing it wrong.
Regards
Kev
  • #16,976
  • Edited 9:47am May 4, 2016 7:09am | Edited 9:47am
Quoting kevin5047
Hi maflip. A lot has been posted on trendlines. Off the top of your head is there anything worth reading that shows the correct way as there is a good chance I am one of those people that is doing it wrong. Regards Kev
This is going to be a long topic and I'm not up for a long topic. I have two zigzag one for small swings and one for big swings. The white line creates the big swings and I call that hi/low of the major trend line. The small zig zag is the brown swing and I call that the hi/low of mini trend lines. Again, this is going to be a big topic and I'm not up for it. Here is a quick example on how I trade trend lines. Basically when price are touching a trend line I wait for a fractal to be created then I trade the break out. This is not easy as I say it to be you still need practice with price action and wave counts.

Also, you only draw a trend line after price makes a new swing high/low. Nice thing about this is you will rarely trade a chop.

Keep practicing my friend it's the only way.
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  • #16,977
  • Edited 9:48am May 4, 2016 7:32am | Edited 9:48am
Took a small long on gold. Kapow

However, a high risk small lot entry.

Edit: BTW the long was entered because it's a 5 wave down (White Lines). Aggressive entry since I did not wait for a fractal break.
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  • #16,978
  • May 4, 2016 9:52am May 4, 2016 9:52am
that downmove from .39.....sticky spot.....bounced off the 50% lne on the 15M slo sto......alert...serious down move
  • #16,979
  • May 4, 2016 9:59am May 4, 2016 9:59am
Gonna be touching a support line tomorrow. Decision point for more down move or a small rebound to form a H&S pattern?
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  • #16,980
  • May 4, 2016 10:15am May 4, 2016 10:15am
Quoting raiders
This is what I think might be going on. Id like to see one more slight move down in the pair to confirm the lower trendline. I feel that GU still needs to dip a little lower in its correction before making another leg higher to the 1.490-1.50 area and perhaps this will follow suit. I dont think it breaks the upper trendline though and if it does i dont think it does by much. I feel like it wants to make 1 more new low from a break of this maybe consolidation {image}
So....a few hours later and still waiting for direction.
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