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Dragon Riders GBP/JPY

  • #17,221
  • Edited 5:35am May 12, 2016 5:08am | Edited 5:35am
Quoting Almo2312
{quote} Nose up .Lol i look diffrenets , dont be rude .
Its just a joke , no worry bro . everyone have his own strategy all depend how BIG his stop loss can be.
* but however please do look at my H4 chart , there possibility long term long also .

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If H4 bar close above previous high , there possibility long term long
Exits == most important part of your strategy
  • #17,222
  • May 12, 2016 6:28am May 12, 2016 6:28am
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Forex, awful to watch, AWESOME to play
  • #17,223
  • May 12, 2016 7:16am May 12, 2016 7:16am
super thurs not so super huh

carney talking about decelerating growth and kuroda talking about more easing. looks like the killer combo to me. buying dips aggressively looks like good idea
  • #17,224
  • Edited 7:40am May 12, 2016 7:28am | Edited 7:40am
Quoting raiders
super thurs not so super huh carney talking about decelerating growth and kuroda talking about more easing. looks like the killer combo to me. buying dips aggressively looks like good idea
Buy the dips plan is over now. At least for me. My 50% fib target has already been hit. We are in a breakout triangle consolidation and we need to get out of it soon. Now I am back in the waiting game. For now still looks bullish on H1 chart but being careful here.
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  • #17,225
  • May 12, 2016 7:58am May 12, 2016 7:58am
Even after rising to two-week highs, the GBPJPY might fail to clear the 158.40-50 horizontal area.
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  • #17,226
  • May 12, 2016 8:37am May 12, 2016 8:37am
M5 need to close above 158.40 to fly. My H4 chart work charm.
Exits == most important part of your strategy
  • #17,227
  • May 12, 2016 9:37am May 12, 2016 9:37am
My one and only trade on GJ today. Too bad I did not hit the long entry earlier even when I have a setup due to the stupid incoming GBP rate. Only 33 pips today but at least I made a little bit.

However, like what FX_Anil said if they are going to retest the bottom of the symmetrical triangle we might test 155 again I don't like holding till next day so I'll settle for the small 33 pips and see what tomorrow may bring.
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  • #17,228
  • May 12, 2016 9:46am May 12, 2016 9:46am
M5 cant close above 158.40 , so I do a simple short.[M1]
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Exits == most important part of your strategy
  • #17,229
  • May 12, 2016 9:47am May 12, 2016 9:47am
Quoting edmun1388
M5 cant close above 158.40 , so I do a simple short. {image}
hah hah lol I knew you are short too. hah hah.

You are showing your chart there now huh bud. I think we have almost the same method of entry just maybe different filtering rules.
  • #17,230
  • May 12, 2016 9:51am May 12, 2016 9:51am
FX_Anil tell 158.40 , I found this match my M5 close and fly line , lolz . He is right.
Good FX_Anil.
Exits == most important part of your strategy
  • #17,231
  • May 12, 2016 9:59am May 12, 2016 9:59am
Quoting maflip
{quote} hah hah lol I knew you are short too. hah hah. You are showing your chart there now huh bud. I think we have almost the same method of entry just maybe different filtering rules.
last week I use only M30 & M1 + H4 , result only 75%.
so this week I use M30 , M15,M5 +M1 result close to 95% , need test next week to confirm , real hard to look 4 chart to make correct entry.
** look at many chart do have human mistake that i fail 2 today
Exits == most important part of your strategy
  • #17,232
  • May 12, 2016 10:03am May 12, 2016 10:03am
Quoting edmun1388
{quote} last week I use only M30 & M1 + H4 , result only 75%. so this week I use M30 , M15,M5 +M1 result close to 95% , need test next week to confirm , real hard to look 4 chart to make correct entry. ** look at many chart do have human mistake that i fail 2 today
Ah ok bro... Me I use wave counts, trend lines, patterns etc on M5,H1,H4. If a setup is from an H4 chart that's when I look for big targets. Time for bed... Nice trading.
  • #17,233
  • May 12, 2016 10:12am May 12, 2016 10:12am
Quoting FX-Ray
{quote} intraday support: 109.00/8.95; if acts as resistance = continuation (to 108.60); if positive then probably test of 109.25
(U/J)

Tuesday's and wednesday highs rejected; next TP short 108.25.

Scenario alpha:
108.25 is major here, if the lows gets taken out we could see a another sell-off to 107.50ish. (next demand on my screen as recent rally to the highs started there)

Scenario beta:
108.25, retest 109.38
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  • #17,234
  • May 12, 2016 10:18am May 12, 2016 10:18am
GJ short tp1 reach , 157.350 . close half or close all ,
Exits == most important part of your strategy
  • #17,235
  • May 12, 2016 10:37am May 12, 2016 10:37am
usd is gearing up for liftoff imo. thats going to send UJ on a one way course with kurodas comments about june easing
  • #17,236
  • May 12, 2016 12:03pm May 12, 2016 12:03pm
Quoting FX-Ray
{quote} (U/J) Tuesday's and wednesday highs rejected; next TP short 108.25. Scenario alpha: 108.25 is major here, if the lows gets taken out we could see a another sell-off to 107.50ish. (next demand on my screen as recent rally to the highs started there) Scenario beta: 108.25, retest 109.38 {image}
That entry ...
Fix up, trade sharp ...
  • #17,237
  • May 12, 2016 12:36pm May 12, 2016 12:36pm
What im looking for

Also, I feel pretty good about the low on 5/3 being the bottom for now because of the heavy bullish divergence on the daily.
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  • #17,238
  • May 12, 2016 2:06pm May 12, 2016 2:06pm
thanks for that chart......didn't see that strong area.......
Quoting Fx_Anil
Even after rising to two-week highs, the GBPJPY might fail to clear the 158.40-50 horizontal area. {image}
  • #17,239
  • Edited 9:44pm May 12, 2016 6:50pm | Edited 9:44pm
Quoting raiders
What im looking for Also, I feel pretty good about the low on 5/3 being the bottom for now because of the heavy bullish divergence on the daily. {image}
The way you drew it makes absolute sense, however as both the lows and this correction ran as rounded bottoms, for some strange reason the correction that looks like a 4 often acts more like a 2. These things can fail, but break up would be over about 158.4/6. The common rule is break up distance equating the depth of the move (below 158 ish), but I've seen them run that distance x 1.618


edit Reckon 156.85/95 pivot must hold
  • #17,240
  • May 12, 2016 10:05pm May 12, 2016 10:05pm
lezz changa.....

how bout that 333 sma 15 minutes at a time......funny thing....the 5M is at the same level....
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