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Dragon Riders GBP/JPY

  • #18,121
  • Jun 9, 2016 2:25pm Jun 9, 2016 2:25pm
See the GBPJPY channel H1 ... it will break the channel and SMA 34?

We will follow it can turn a great opportunity to sell
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  • #18,122
  • Jun 9, 2016 2:36pm Jun 9, 2016 2:36pm
cont.....those reversals....it's like an outside moment.....when the time frame of the chart you are seeing....has broken into new territory in the last 25 periods or so.

on my London Bushwack trade...and in fact the N Y London Ambush trade....at 4:30 am NY...and then 7:30 am NY, the reversal happens within 3 minutes of the minute hand being straight down.....so those used to see 1 pip stops....can you imagine the possibiltys....I know (SP )....when you intend to hold a 1 pip stop.......how much of the account one could place.....that's how ya double the account three times in three weeks...

The floor traders are out of a job since computers took over, but they use 7 pip stops
  • #18,123
  • Jun 9, 2016 3:01pm Jun 9, 2016 3:01pm
look at that 34 sma.....cool, thanks lawego
Quoting Carneiro
See the GBPJPY channel H1 ... it will break the channel and SMA 34? We will follow it can turn a great opportunity to sell {image}
  • #18,124
  • Jun 9, 2016 4:11pm Jun 9, 2016 4:11pm
Quoting Pip-Miner
{quote} hope you survive man, but i dont like your chances going against the trend
Im not sure if this is it, and im not currently in the trade.....yet. But this looks like it could be the the start of something special
  • #18,125
  • Jun 9, 2016 5:14pm Jun 9, 2016 5:14pm
Quoting raiders
{quote} Im not sure if this is it, and im not currently in the trade.....yet. But this looks like it could be the the start of something special
, will look for potential long opportunities early next week as a rise is due. All this UK exit in thing making it volatile so I decided to just close shop this week, no point ruining weekly profit targets on a Friday.
  • #18,126
  • Jun 9, 2016 5:23pm Jun 9, 2016 5:23pm
daily and the dealer chart looks like they want to go way up......macro says the only thing stopping a rise to 251.x is global anxiety.....or global fundy's in a crisis....but the 70 year cycle says we just came off that.....in 2008......why I posted 314.00 three and four years ago......

1795 .....1867....1937....2008
  • #18,127
  • Jun 9, 2016 5:39pm Jun 9, 2016 5:39pm
Quoting Gbp/jpy
cont.....those reversals....it's like an outside moment.....when the time frame of the chart you are seeing....has broken into new territory in the last 25 periods or so. on my London Bushwack trade...and in fact the N Y London Ambush trade....at 4:30 am NY...and then 7:30 am NY, the reversal happens within 3 minutes of the minute hand being straight down.....so those used to see 1 pip stops....can you imagine the possibiltys....I know (SP )....when you intend to hold a 1 pip stop.......how much of the account one could place.....that's how ya double...
Thank you very much !!!
ILvFx
  • #18,128
  • Jun 9, 2016 6:06pm Jun 9, 2016 6:06pm
Quoting Pip-Miner
{quote} , will look for potential long opportunities early next week as a rise is due. All this UK exit in thing making it volatile so I decided to just close shop this week, no point ruining weekly profit targets on a Friday.
No doubt about it. If you already hit your nut no need to keep fishing. Im probably not going to dip my toes in the water on this until next week too. I want to see the recent pivot taken out and then I want to try and catch the pullback. As of right now all signs are pointing that way though so we shall see if its legit or just part of a larger correction
  • #18,129
  • Jun 9, 2016 6:09pm Jun 9, 2016 6:09pm
Quoting Gbp/jpy
daily and the dealer chart looks like they want to go way up......macro says the only thing stopping a rise to 251.x is global anxiety.....or global fundy's in a crisis....but the 70 year cycle says we just came off that.....in 2008......why I posted 314.00 three and four years ago...... 1795 .....1867....1937....2008
I think this wants to go way up too. We shall see...I dont believe anyone will allow a brexit so if they stay this will shoot up like crazy. Lets see if the techs can take over in the mean time in between time and give a little cushion off the bottom
  • #18,130
  • Jun 9, 2016 6:09pm Jun 9, 2016 6:09pm
Good Morning all from Singapore..
Nice info GBP/JPY good observation..
40pips coming up next..
  • #18,131
  • Jun 9, 2016 6:25pm Jun 9, 2016 6:25pm
Quoting raiders
{quote} I think this wants to go way up too. We shall see...I dont believe anyone will allow a brexit so if they stay this will shoot up like crazy. Lets see if the techs can take over in the mean time in between time and give a little cushion off the bottom
you know what this reminds me of the Scotish referendum to leave UK. If you look at that case study, it kept going down all the way to afew days before the results. Every time a poll came out it exploded ,causing havic. However, despite all the media saying they will eave at the end they didnt and it exploded up. I personally dont think the UK people are silly enough to leave so think a similar situation will occur.
  • #18,132
  • Jun 9, 2016 6:28pm Jun 9, 2016 6:28pm
hey barca and gbp/jpy can you guys bless me with the golden rules for the 2:30 & 7:42 Trade? Been trying to put the pieces together.You guys r genius!
  • #18,133
  • Jun 9, 2016 6:38pm Jun 9, 2016 6:38pm
Quoting Pip-Miner
{quote} you know what this reminds me of the Scotish referendum to leave UK. If you look at that case study, it kept going down all the way to afew days before the results. Every time a poll came out it exploded ,causing havic. However, despite all the media saying they will eave at the end they didnt and it exploded up. I personally dont think the UK people are silly enough to leave so think a similar situation will occur.
Thats exactly the scenario ive been thinking about over the past 24 hours. The techs on GU look like its consolidating in some sort of triangle that if I try and count it out looks like wave 2. Im thinking if not tonight based on the dxy going up then perhaps next week it starts its sell off. I cant remember where I read the report, but apparently almost a trillion or something close to that amount has been converted from gbp to other currencies in the past month. This is bound to fall quick over the next couple weeks with such thin liquidity. Then the rest will be history but leaving isnt something I can see anyone allowing to take place. It will be the beginning of the end for the euro because you can bet the germans will be the next. Thats just my take on it
  • #18,134
  • Jun 9, 2016 6:46pm Jun 9, 2016 6:46pm
Quoting Barca
Good Morning all from Singapore.. Nice info GBP/JPY good observation.. 40pips coming up next..
in order to identify your trend to up or down do yu use 5Minutes chart or 15 minutes?
  • #18,135
  • Edited 8:41pm Jun 9, 2016 8:30pm | Edited 8:41pm
Quoting fxgary
hey barca and gbp/jpy can you guys bless me with the golden rules for the 2:30 & 7:42 Trade? Been trying to put the pieces together.You guys r genius!
But ofyes.....I'll add pertinent details about the trade described above....I gotta tell yas just a little more and you'll have ya fun with this!
I like this Asia open now for the bulk of my trades, they're worry free....means a lot to fragile old me....Hey...I didn't say that outloud did I?

naw I'm a rough tough Texan....ok I'm a used to be....I got old

now try to stay with me on this....ok, when we left the dock, ok, we had just enough fuel to get to the island.....right now we are just about outta.....wait....Wrong movie

the main thing I thought of to add while I was out driving.....( you know, when you get your best ideas )......Oh...the Holy Spirit taught this trade btw...that thought was that the trade always nets 11 pips......once in ten years it didn't....not much but it's better than nothing....easily gets 3.5 % per trade though at my 500:1 Malta account....they have oil and Gold trading too....and make it simpler than forex even, cool huh! easier than oanda to sign-up...
  • #18,136
  • Jun 9, 2016 8:53pm Jun 9, 2016 8:53pm
Quoting Salmas
{quote} in order to identify your trend to up or down do yu use 5Minutes chart or 15 minutes?
Hi I'm looking at both..now GJ buy tp 159.50..
  • #18,137
  • Jun 9, 2016 9:07pm Jun 9, 2016 9:07pm
Already Sell @ 154,782 slightly above fibo. Target is 152,000 a little bit below S3. Give back @ 155,782.
Attached Image
  • #18,138
  • Jun 9, 2016 9:20pm Jun 9, 2016 9:20pm
will be buying if it goes above 155.333
  • #18,139
  • Jun 9, 2016 10:56pm Jun 9, 2016 10:56pm
Quoting gnajra
will be buying if it goes above 155.333
i hope down to 153.8-.9 and up move again
  • #18,140
  • Jun 9, 2016 11:56pm Jun 9, 2016 11:56pm
hey, ya'll.....the trade went down 11 pips....hour nap and up 24 pips....then down 49 pips , up 49....down 49
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