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Dragon Riders GBP/JPY

  • #17,141
  • May 10, 2016 1:33am May 10, 2016 1:33am
Quoting maflip
{quote} On your H1 chart looks like a bullish flag breakout. I don't want to see it retracing to 50% on your chart anymore {image}
yes sir it does. but i have the flag as iv of A of C so that top or the top where London might take it is v of A for me.

This thing might keep on running but its showing signs of wanting to correct a bit so who knows. Ultimately Im just looking to add more cause I want a big cushion for the news on wed. Which is looking like it should be good news and if so then everyone is happy
  • #17,142
  • May 10, 2016 1:33am May 10, 2016 1:33am
Quoting maflip
{quote} So far, I still haven't found an indicator that draws trend lines the way I want it. This is how I would draw those trend lines manually. {image}
Thank you, I like your trend lines but did you consider about daily trend before you draw them?
  • #17,143
  • May 10, 2016 1:45am May 10, 2016 1:45am
Quoting raiders
{quote} yes sir it does. but i have the flag as iv of A of C so that top or the top where London might take it is v of A for me. This thing might keep on running but its showing signs of wanting to correct a bit so who knows. Ultimately Im just looking to add more cause I want a big cushion for the news on wed. Which is looking like it should be good news and if so then everyone is happy
Yeap you never know bro. This is why we got a trading plan in case shit happens. Right now I'm up 70 pips as of this writing. I will take half off at the 38% retrace on my chart and see if I can get a home run today targeting my 50% retrace.

My 38% retrace is at 157.145.
  • #17,144
  • May 10, 2016 2:14am May 10, 2016 2:14am
Quoting Cm7
{quote} Thank you, I like your trend lines but did you consider about daily trend before you draw them?
I'm intraday trader but I see the daily trend on my H4 chart too. Put zigzag 60 on your H4 chart you will see the daily swings.

See post 16976 on how I draw my trend lines.

If someone can code how to draw trend lines like this let me know. It will save me alot of time drawing them manually.

http://www.forexfactory.com/showthre...48#post8908548
  • #17,145
  • May 10, 2016 2:17am May 10, 2016 2:17am
Oh yeah baby target 1 hit
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  • #17,146
  • May 10, 2016 2:39am May 10, 2016 2:39am
If Raiders and his divergence is correct. I take a small profit on my remaining lot if trend line on M5 is broken. Then see if I can get a re-entry at the 2nd trend line down there. However, if they give me a home run today then my final target is 158.23 and I say thank you to the market.

So far hanging up here at the 38% retrace as expected.
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  • #17,147
  • May 10, 2016 4:46am May 10, 2016 4:46am
Quoting edmun1388
{quote} I using your M15 PA long now, thx M15 idea
my call working hehe +100 pips for 25 bars * 15 min
Exits == most important part of your strategy
  • #17,148
  • May 10, 2016 4:51am May 10, 2016 4:51am
Quoting edmun1388
{quote} my call working hehe +100 pips for 25 bars * 15 min
Grats to us. Me i'm up 157 pips now.

Getting nearer my target. About 50 more pips hihi. A little more and it's a home run for me today.
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  • #17,149
  • May 10, 2016 5:09am May 10, 2016 5:09am
What is your 1st support guys?
  • #17,150
  • May 10, 2016 5:23am May 10, 2016 5:23am
Quoting rhapsodyist
What is your 1st support guys?
I'm already locked in to take a minimum of 120 pips. Watch the trend lines I drew on M5. The first new trend line I drew is getting too steep up wards. Also, it's now a 5th wave up. If that breaks then most likely we will retest the 2nd trend line down on the M5 chart or consolidation. Also, see post 17146. Drawing trend line shouldn't be hard.
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  • #17,151
  • May 10, 2016 5:36am May 10, 2016 5:36am
Quoting FX-Ray
{quote} last wednesday - friday we had 3 highs at 107.50ish, false break of support 106.75 plus strong friday close. Next upside were 107.88 & 108.20 by the time which is current support. Add: So next is probably 108.75
Thanks for the explanation, very well spotted. Completely missed that and just sold 107.60 ish. Time to buy dips I guess ...
Fix up, trade sharp ...
  • #17,152
  • May 10, 2016 5:50am May 10, 2016 5:50am
Quoting Hickson
{quote} Thanks for the explanation, very well spotted. Completely missed that and just sold 107.60 ish. Time to buy dips I guess ...
U/J:

109.90
109.25
108.60
108.25

Thats current and always welcome buddy

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  • #17,153
  • May 10, 2016 5:59am May 10, 2016 5:59am
Whoaaa sudden strength of the dollar. I guess someone sneezed. Ok who did it?

I just saw EU moving down really fast at the moment...
  • #17,154
  • May 10, 2016 6:02am May 10, 2016 6:02am
+90 and +120.

Bleh

I bet in a little bit Edmun1388 will say he is short and now up +30 pips hah hah Wait for iiiiittt
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  • #17,155
  • May 10, 2016 6:15am May 10, 2016 6:15am
Quoting FX-Ray
{quote} U/J: 109.90 109.25 108.60 108.25 Thats current and always welcome buddy https://www.youtube.com/watch?v=Pwk39w3aE7w
Nice rejection of 109.25; if that becomes a deeper retracement next target 108.60
  • #17,156
  • May 10, 2016 6:23am May 10, 2016 6:23am
the divergence went straight out the window on that move Hahahaha
But looking at the price on 4/7-4/13 I've taken quite a bit off the table. It's first leg of the up was about 400 points and we've now down about 400 so I'd rather keep profits than watch it go against me. Beside if it's accurate there will be much more
  • #17,157
  • May 10, 2016 6:26am May 10, 2016 6:26am
Quoting raiders
the divergence went straight out the window on that move Hahahaha But looking at the price on 4/7-4/13 I've taken quite a bit off the table. It's first leg of the up was about 400 points and we've now down about 400 so I'd rather keep profits than watch it go against me. Beside if it's accurate there will be much more
hah hah told yah bro that's a bullish flag breakout there on H1.
heh heh you said you want to wait for consolidation first but it's been consolidating up there at the flag since yesterday just brewing for a breakout.

Right now I'm waiting for a second opportunity to go long. 5 waves up on M5 so I expected a correction. Gonna wait to see if it will show strength at the trend line I mentioned for a re-entry if not then I pass.
  • #17,158
  • May 10, 2016 6:36am May 10, 2016 6:36am
Quoting maflip
{quote} hah hah told yah bro that's a bullish flag breakout there on H1. heh heh you said you want to wait for consolidation first but it's been consolidating up there at the flag since yesterday just brewing for a breakout. Right now I'm waiting for a second opportunity to go long. 5 waves up on M5 so I expected a correction. Gonna wait to see if it will show strength at the trend line I mentioned for a re-entry if not then I pass.
I know I know I wanted the break but I missed it. And usually I only aim for half the flag so when I got to it it wasn't worth it. But anyways what I meant by it was I'm looking for a larger type consolidation as a B instead of a 50% pullback. Might be all we get though. Who knows with this thing. Just play it how you see it I guess shouldn't have got cute with it hahahaha
  • #17,159
  • May 10, 2016 6:46am May 10, 2016 6:46am
Quoting maflip
+90 and +120. Bleh I bet in a little bit Edmun1388 will say he is short and now up +30 pips hah hah Wait for iiiiittt {image}
lolz, ho u know i add-long
* as told yesterday , dragon long , no short
Exits == most important part of your strategy
  • #17,160
  • May 10, 2016 6:48am May 10, 2016 6:48am
Quoting edmun1388
{quote} lolz, ho u know i add-long * as told yesterday , dragon long , no short
hah hah ok
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