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Dragon Riders GBP/JPY

  • #17,921
  • Jun 2, 2016 9:46pm Jun 2, 2016 9:46pm
Quoting zefx
{quote} still on long ?
Long exited when price stagnant at 158 area. Bear is back in trend now.. Look forward for 155.70ish
  • #17,922
  • Jun 2, 2016 9:49pm Jun 2, 2016 9:49pm
Descending triangle formed. H4 next support target 155.70.
  • #17,923
  • Jun 2, 2016 10:07pm Jun 2, 2016 10:07pm
Opps H1 bullish divergence shown. I better exit my short now.
  • #17,924
  • Jun 2, 2016 10:13pm Jun 2, 2016 10:13pm
Quoting Gbp/jpy
Hey there three ball....when is that vote anyway......soon?.....i'm curious {quote}
I don't know about the future...
But I believe that It will break when there is good news Or they change it
  • #17,925
  • Jun 2, 2016 10:20pm Jun 2, 2016 10:20pm
Quoting Mpt
{quote} Yes, the Yen. Conventional wisdom is that it will fall only a little more before coming back to break 111. However, under 107, it eventually breaks 104, and is running about 3-4 months behind Sterling Yen. In that regard, it would arrive in about the same place as we sit right now, that being about 96/97. Here's a monthly UJ chart with my wonderfully drawn circles and ellipses. The primary one is the elipse. The top green box shows where price jumped over when BOJ eased. The bottom two boxes show that even two interventions couldn't break...
I cant remember where I saw it but the soros chart...anyways hasnt he been buying the hell out of it lately? Buying this and and usdcnh?
  • #17,926
  • Jun 2, 2016 10:32pm Jun 2, 2016 10:32pm
Quoting goldgirl
Opps H1 bullish divergence shown. I better exit my short now.
Target 159.20-50
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  • #17,927
  • Jun 2, 2016 10:37pm Jun 2, 2016 10:37pm
Hey its time to hold long
  • #17,928
  • Jun 2, 2016 10:53pm Jun 2, 2016 10:53pm
Quoting geektrader
Thats great to hear, hope it continues! What kind of system do you trade if I may ask (if any) ?
I had the chance to study scalping about 6 months ago with my mentor. Intitally he taught me scalping on the 15m chart, but since moving on, I have learned to do so on my own using the 1m chart. The setup first requires being able to identify "clusters"on the tick charts, then moving to 1m in order to gain entries. Basically, I have learned how to spot certain "High prob" formations, and aim for R:R ranging from 1:2 all the way to 1:13 using the tick with 1m.
@GJscalper I've turned a new leaf. No more trolling.
  • #17,929
  • Jun 2, 2016 11:08pm Jun 2, 2016 11:08pm
yep, last day of the week....200 pips due in fact.... maybe a wild N F P....
  • #17,930
  • Jun 2, 2016 11:47pm Jun 2, 2016 11:47pm
It may not be a triangle. Could be a price channel, wherein it weaves its way slowly through support .... and when it's done, it drops its pants.
  • #17,931
  • Jun 3, 2016 12:25am Jun 3, 2016 12:25am
ok im long in gj.
sl is a close at or below0.0 fib
tp is at tp1 fib
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@GJscalper I've turned a new leaf. No more trolling.
  • #17,932
  • Jun 3, 2016 12:48am Jun 3, 2016 12:48am
Quoting raiders
{quote} I cant remember where I saw it but the soros chart...anyways hasnt he been buying the hell out of it lately? Buying this and and usdcnh?

Suspect the BOJ works with him sometimes because most others hate his guts.
  • #17,933
  • Jun 3, 2016 1:10am Jun 3, 2016 1:10am
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I have not closed the trade for profit.
You can see the price dropped but never closed at or below stop loss price.
@GJscalper I've turned a new leaf. No more trolling.
  • #17,934
  • Jun 3, 2016 1:12am Jun 3, 2016 1:12am
Robin Trower...aa- mate....in 20 minutes at 2:30 am N Y time it could start-up muted a bit huh!!
  • #17,935
  • Jun 3, 2016 1:15am Jun 3, 2016 1:15am
Quoting GJscalper
{image} I have not closed the trade for profit. You can see the price dropped but never closed at or below stop loss price.
  • #17,936
  • Jun 3, 2016 1:40am Jun 3, 2016 1:40am
Ok, I think the low of the month has been reached. Cable still has to retrace back to monthly pivot.

Daily open at 156.85. Look for break upwards from there to new high for month
Forex, awful to watch, AWESOME to play
  • #17,937
  • Jun 3, 2016 3:00am Jun 3, 2016 3:00am
Quoting Feo
Ok, I think the low of the month has been reached. Cable still has to retrace back to monthly pivot. Daily open at 156.85. Look for break upwards from there to new high for month
It really doesn´t have to follow any of these technical retraces with BREXIT right around the corner.... Take care trading it right now! It acts very odd...
  • #17,938
  • Jun 3, 2016 6:01am Jun 3, 2016 6:01am
I don't think the low of the month have been reached.. still have room to go...targeting 153.00... this month... fundamental rules... take k guys...
  • #17,939
  • Jun 3, 2016 6:26am Jun 3, 2016 6:26am
Very difficult for me to understand to where it will go ... but if I had to choose I would say sell
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"You may say I am a dreamer .... but I am not the only one."
  • #17,940
  • Jun 3, 2016 8:55am Jun 3, 2016 8:55am
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