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Dragon Riders GBP/JPY

  • #21,321
  • Sep 8, 2016 9:21am Sep 8, 2016 9:21am
Quoting Zakhar13
The price is testing the support line at 135,631 and will move up to the point of 136,192. or continue to test support at 135,701. {image}
that test is over,gravity has taken over the dragon.
  • #21,322
  • Sep 8, 2016 9:25am Sep 8, 2016 9:25am
Quoting Almo2312
{quote} there you go mate Cheers Al.{file}{file}
Thanks a lot, mate! Gonna try it out immediately!
  • #21,323
  • Sep 8, 2016 9:26am Sep 8, 2016 9:26am
Quoting Pip-Miner
{quote} Back to scalping brother my only swing trade for the month was a failure no follow through , Infact going pump up the leverage bit to reduce trades and time spent looking at computer as there is more to life then staring at a computer.
I found trading off the 4H chart worked for me. Scalping meant staring at the computer, daily was just too slow for my temperament. Finding your time frame is a big part of the mental battle.
  • #21,324
  • Sep 8, 2016 9:44am Sep 8, 2016 9:44am
Quoting Mafia
if it breaks 140 then there is nothing in between 140 and 150. but at the moment there is not much momentum left for the said move it has to test the 135 support first then fly back to moon. goodluck
where are all those scholars who were shouting for 143 without any retracement. you guys are so insane and you put too much pressure on the poor guy and made him close his long orders on top of the range. btw i gained 23% on my account. cheers
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #21,325
  • Sep 8, 2016 9:51am Sep 8, 2016 9:51am
Entry long for GJ at 135.16 Target 140, 143
  • #21,326
  • Sep 8, 2016 9:56am Sep 8, 2016 9:56am
Quoting artooksHi, I need some help I am stuck in a short GBP/JPY trade @133 with 3.9 lots can anyone help me about how to manage this trade, I really need the help should I open a hedge or wait to retrace my Margin level is 1000 % Please help.
Quoting Mafia
{quote} There are 3 main economical events this month. tomorrow is NFP release so you should wait till tomorrow at least.Remember nothing goes up or down in a straight line if its up so its down.As holiday season ends and volatility comes back into markets and there will be extreme volatility in current month because of FOMC and Bank of Japans decision.I hope Yen pairs may test bottom before these two events because if we see longer term charts, Yen is strong and trends never change suddenly.On the other side Sterling is under pressure because of...
You see Kid! how it works
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #21,327
  • Sep 8, 2016 9:59am Sep 8, 2016 9:59am
IMPORTANT!!!

for all those who are new to trading business and using heavy leverage.

stay away from yen pairs in the coming weeks (Especially stay away from dragon)

There will be whipsaws which are enough to kill small accounts.

and advice from an experienced trader which is your well wisher.

Thanks and Regards,

Goodluck.
https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851
  • #21,328
  • Sep 8, 2016 10:23am Sep 8, 2016 10:23am
Quoting Almo2312
{quote} there you go mate Cheers Al.{file}{file}
Almo: What do these indicators do, or how do they work? Any documentation?
  • #21,329
  • Sep 8, 2016 10:31am Sep 8, 2016 10:31am
Quoting goldgirl
Entry long for GJ at 135.16 Target 140, 143
hw do u come about that ,gurl?
  • #21,330
  • Sep 8, 2016 10:44am Sep 8, 2016 10:44am
GJ bouncing from ema 360 and middle weekly-Hi-Low. Not a decissive sign of trend changing, but a strong one. Will stay in the side until further confirmation. Slow week might be changing.




.
  • #21,331
  • Edited 11:21am Sep 8, 2016 11:05am | Edited 11:21am
I think thats a retrace ,but weekly open is a problem this week ,
d1 close over 13627 would give confidence
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp JPY (DFB).png Size: 31 KB
Click to Enlarge Name: JPY w1 (DFB).png Size: 20 KB
Click to Enlarge Name: lfx jpy.png Size: 48 KB
Click to Enlarge Name: NZD (DFB).png Size: 20 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #21,332
  • Sep 8, 2016 11:07am Sep 8, 2016 11:07am
Quoting Pip-Miner
{quote} Back to scalping brother my only swing trade for the month was a failure no follow through , Infact going pump up the leverage bit to reduce trades and time spent looking at computer as there is more to life then staring at a computer.
  • #21,333
  • Sep 8, 2016 11:13am Sep 8, 2016 11:13am
Quoting raiders
{image}
so far so good. look for a false break of the upper trendline maybe and then drop the hammer on it...if not then just gotta wait to see if it breaks out of the bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.png Size: 148 KB
  • #21,334
  • Sep 8, 2016 12:21pm Sep 8, 2016 12:21pm
Quoting raiders
{quote} so far so good. look for a false break of the upper trendline maybe and then drop the hammer on it...if not then just gotta wait to see if it breaks out of the bottom. {image}
Anyone can tell me when i must cut my sell ?
  • #21,335
  • Sep 8, 2016 12:28pm Sep 8, 2016 12:28pm
Quoting yuddy
{quote} hw do u come about that ,gurl?
GJ found floor at 129. It has been consolidate for 1 Quarter. Possible for another Quarter of consolidation. However, the slide of GBP is not base on weak fundamental but on fear of BREXIT aftermath. If the cloud is cleared, after 1 Quarter of consolidation, GBP will fly. Same goes to JPY, whereby the economy of JPY has never been good for the past 10 years. Furthermore, Japan is going to have a national election soon.

135 is a retracement major support for upside. 140 and 143 are the previous resistances.
  • #21,336
  • Sep 8, 2016 12:35pm Sep 8, 2016 12:35pm
Quoting goldgirl
{quote} GJ found floor at 129. It has been consolidate for 1 Quarter. Possible for another Quarter of consolidation. However, the slide of GBP is not base on weak fundamental but on fear of BREXIT aftermath. If the cloud is cleared, after 1 Quarter of consolidation, GBP will fly. Same goes to JPY, whereby the economy of JPY has never been good for the past 10 years. Furthermore, Japan is going to have a national election soon. 135 is a retracement major support for upside. 140 and 143 are the previous resistances.
I entered Short @ 136.03 , what you say Should i close it,and enter long or wait ??
  • #21,337
  • Sep 8, 2016 12:56pm Sep 8, 2016 12:56pm
Quoting SadiaQureshi
{quote} I entered Short @ 136.03 , what you say Should i close it,and enter long or wait ??
I'm long and would only short with a very tight SL....
A lion doesn't concern itself with the opinion of sheep.
  • #21,338
  • Sep 8, 2016 1:26pm Sep 8, 2016 1:26pm
Quoting goldgirl
{quote} GJ found floor at 129. It has been consolidate for 1 Quarter. Possible for another Quarter of consolidation. However, the slide of GBP is not base on weak fundamental but on fear of BREXIT aftermath. If the cloud is cleared, after 1 Quarter of consolidation, GBP will fly. Same goes to JPY, whereby the economy of JPY has never been good for the past 10 years. Furthermore, Japan is going to have a national election soon. 135 is a retracement major support for upside. 140 and 143 are the previous resistances.
Solid analysis you have there.
  • #21,339
  • Sep 8, 2016 6:58pm Sep 8, 2016 6:58pm
yeah, Goldgirl....135.57 is my enemy....you know...below there just grinds me, I was complaining about it 30 to 40 pages ago....he...he.... my little sell from 136.36 is supposed to close and reverse up from there. running along with the slo sto oscillating there on a 15M at the 34,3,3 setting
  • #21,340
  • Sep 8, 2016 8:32pm Sep 8, 2016 8:32pm
Quoting Mafia
IMPORTANT!!! for all those who are new to trading business and using heavy leverage. stay away from yen pairs in the coming weeks (Especially stay away from dragon) There will be whipsaws which are enough to kill small accounts. and advice from an experienced trader which is your well wisher. Thanks and Regards, Goodluck.
the dragon killed me yesterday, there was no news or whatsoever i think that will impact on our dragon, and boom!
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