Dragon Riders GBP/JPY

max pips only 25-30 , low volume , best wait another good signal with good volume
* dashed line is M5 alligator red line

short trial

heading to at least 02 weekly pivot

On hourly chart we have S1 at 5918.
London could possibly break S1 down to weekly Pivot 5902.

Possibly even down to hourly R2 at 5857. If we break that far down, then the week willcontinue down

The alternative scenario.

London could have a big push up past the daily pivot at 5953, up to the R1 at 6072, the drops during US session.

Keep this play in mind

+50 hold, TQ good monday

If entered at break of 159.18 down, passed pivot, close half position at 158.57

Then place stop at open.

so nice.

nice! 1min chart?

Seems an injured cat is bouncing

May I ask, how you worked out the 52 as target?


gap at top closed 159.75
100 pips down is market now

Good place to turn market, but will wait for this London 12 hour to close for confirmation, then probably have setup to buy at Monthly Pivot 159.02 up to close the gap

So turn around has occurred

No long entry yet. Will wait till end this hour

risky trade ,

pin forming on 4hr, glad I had trailing stop but damn it was looking good

looking for retest of last week high

to the tick. now we have a rejection of the weekly pivot

Possible second leg up above 5918 (this mornings leg down), can follow

Possibility this hour closes below 158.57 s2, then reversal up to 160.11 r1

this pair's movement is almost same like Gold. anyway the spread charged is quite a lot by my broker through.. (3.8 - 4.2 pips they charged me, and GOLD they charged me 5 pips. im using XM.)

+57 hold nice monday
* that M5 alligator red line sometimes work well ,BUT one day that red line will make you MC and clear your deposit
* best use human brain to think , when and why enter trade , not use indicator only , indicator can make you MC .
* my trade is not base on M1 and M5 only , trend is according to H4,H1 & M30.

Gj look like is double bottom now ...

Possibility next 12hr rises from below 158.40