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Dragon Riders GBP/JPY

  • #20,421
  • Edited 7:57pm Aug 25, 2016 7:19pm | Edited 7:57pm
parriva....I say si, mas parriva....132.60....
  • #20,422
  • Aug 25, 2016 7:23pm Aug 25, 2016 7:23pm
Hey G, baby...ya just have to check this 7:42 pm NY time Asian trade ...it's short term.....always gets 11 pips.......helps when Europe gets back from holiday....wait, Teaxs boys don't talk like that.... just look for a reverse....then see 7:53 that's the good one. Yes, it worked today...just now
  • #20,423
  • Aug 25, 2016 9:49pm Aug 25, 2016 9:49pm
Trading analysis for Thursday 8/26/16.

If 132.75 breaks then it's a buy with a TP of 133.15 as that is the next demand zone.

If it does not, then price returns to supply zone with my predicted price of 132.2 as seen on 08/24/16.

What do you guys think?
I've been using a combination of trend lines, Fib levels and supply/demand zones to figure out where the market will head next. Can post chart if it helps to visualize.
  • #20,424
  • Aug 26, 2016 1:57am Aug 26, 2016 1:57am
http://www.forexfactory.com/news.php?do=news&id=604266
bull power
  • #20,425
  • Aug 26, 2016 2:30am Aug 26, 2016 2:30am
As of right this moment gj is 132.874............. I would sell here..... tp 132.639
sl is a close at or above 133.019
@GJscalper I've turned a new leaf. No more trolling.
  • #20,426
  • Aug 26, 2016 3:04am Aug 26, 2016 3:04am
Quoting GJscalper
As of right this moment gj is 132.874............. I would sell here..... tp 132.639 sl is a close at or above 133.019
On this leg down, we dropped to within 2 pips from tp....... So we should be hitting that tp with the news coming up. #ShouldBe
@GJscalper I've turned a new leaf. No more trolling.
  • #20,427
  • Aug 26, 2016 4:03am Aug 26, 2016 4:03am
We should touch the tp here in a few seconds... After spiking up to 132.919 GJ has made a strong move down on the lower tf...
@GJscalper I've turned a new leaf. No more trolling.
  • #20,428
  • Aug 26, 2016 4:06am Aug 26, 2016 4:06am
Quoting alexpi
The 2 levels I'm looking at today are 132.675/575 and 132.3/1. Optimum scenario price breaks through the first and rejects from the second, moving toward 133.8/134. Worse scenario we see a break of both and some ranging or impulse down moves until the end of the week (won't be able to trade this)
Still looking at those two levels. So far the 675/575 has maintained its significance and in the next few hours we could see another break.

Will GJ switch the trend or reject 132? Closed last 2 longs at 132.93 and just watching now
  • #20,429
  • Aug 26, 2016 4:11am Aug 26, 2016 4:11am
IF GJ can make it's way back to 132.919 on 1m and close across it BEFORE dropping to 132.638 (which is 7 pips away from current price) then the BEARS will have to hold for a strong ride upward to 133.50+ today before it starts a new leg down on the lower tf. Yet, The price is way to close to not hi the tp of 132.638 before reversing back to 132.919
@GJscalper I've turned a new leaf. No more trolling.
  • #20,430
  • Aug 26, 2016 4:33am Aug 26, 2016 4:33am
Only Long GBPJPY
Target 143
Stop Loss below 132

The trend is strongly upward , and this will continue .
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 42 KB
  • #20,431
  • Aug 26, 2016 4:40am Aug 26, 2016 4:40am
tp touched
@GJscalper I've turned a new leaf. No more trolling.
  • #20,432
  • Aug 26, 2016 5:09am Aug 26, 2016 5:09am
A bounce around yesterday's lows - 3240/3245 - should keep it in the range.
  • #20,433
  • Aug 26, 2016 5:42am Aug 26, 2016 5:42am
So what do you guys think at this moment being that the price is 132.516

a) GJ keeps dropping all the way to the daily s1 which is 132.202
b) Makes a push back to 132.744 before option a is reached


????
@GJscalper I've turned a new leaf. No more trolling.
  • #20,434
  • Aug 26, 2016 5:52am Aug 26, 2016 5:52am
Quoting GJscalper
So what do you guys think at this moment being that the price is 132.516 a) GJ keeps dropping all the way to the daily s1 which is 132.202 b) Makes a push back to 132.744 before option a is reached ????
It'll go up for a while. Could challenge the highs around 133.00 Dunno what happens after. Have to watch the pa to decide.
  • #20,435
  • Aug 26, 2016 5:58am Aug 26, 2016 5:58am
Quoting lancedes
{quote} It'll go up for a while. Could challenge the highs around 133.00 Dunno what happens after. Have to watch the pa to decide.
Based on the higher tf, Should GJ close at or above today's high (133.019) which would form a sick cup and handle formation on the 5m and 15m then GJ will scream for 133.50 to 134.00 today, but I don't see that cup and handle formation forming, as this move down that we have experienced since London open has been a pretty slow and drawnout move down. I think we see lower highs for GJ on the 5m. The last high was 132.915 which turned out being the major rejection price for GJ as it made its way down to 132.38
I would take a guess and say 132.380 BEFORE 132.91
@GJscalper I've turned a new leaf. No more trolling.
  • #20,436
  • Aug 26, 2016 6:09am Aug 26, 2016 6:09am
Whether price moves higher or lower from 132.57 the orders in this area should be used up for now and any moves through the zone will be much smoother.

Not making much sense of the movement during the past 2 hours. I would be surprised if price price takes off higher without first triggering the bull stops under yesterday's low and potentially those under 131.95/85.

This rejection from 132.38 is tempting for longs but it's too textbook and could be a bull trap.
  • #20,437
  • Aug 26, 2016 7:13am Aug 26, 2016 7:13am
Bull stop..... Bull Traps.... Those terms are all Bull$hit as a bias trader uses those terms to justify holding on to their position and/or simply ignoring price action.
@GJscalper I've turned a new leaf. No more trolling.
  • #20,438
  • Aug 26, 2016 7:17am Aug 26, 2016 7:17am
Quoting GJscalper
Bull stop..... Bull Traps.... Those terms are all Bull$hit as a bias trader uses those terms to justify holding on to their position and/or simply ignoring price action.
Hey!

When will you delete this TE? I say in 2 weeks.
  • #20,439
  • Aug 26, 2016 7:30am Aug 26, 2016 7:30am
Quoting GJscalper
Bull stop..... Bull Traps.... Those terms are all Bull$hit as a bias trader uses those terms to justify holding on to their position and/or simply ignoring price action.
Just because you don't get them doesn't make supply, demand, order flow, decision points and TPO any less true and huge factors on the market

You will still be a bad trader after this but just for you and just this one time I will break FX-Ray's rules

Account's in euro and I hedge for stops (except when hard stops are better, of course).

Add: Guessing that GJScalper is the Invisible red that pops on and off at the bottom I will consider that he has seen the 2 screenshots and am deleting them.
  • #20,440
  • Aug 26, 2016 7:31am Aug 26, 2016 7:31am
Quoting Jure86
{quote} Hey! When will you delete this TE? I say in 2 weeks.
Lol I say less
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