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Dragon Riders GBP/JPY

  • #21,901
  • Sep 29, 2016 7:28pm Sep 29, 2016 7:28pm
Quoting alexpi
Take care, Deutsche Bank is about to go under 10 and this will make splashes for the next 2 hours and then during DAX hours tomorrow
what finally gonna tank em or what
who's friggin next huh?..................I guess if they tank, well dang
  • #21,902
  • Sep 29, 2016 7:48pm Sep 29, 2016 7:48pm
Until 130.662 is broken the chart keeps saying long.
Dragon Rider
  • #21,903
  • Sep 29, 2016 8:51pm Sep 29, 2016 8:51pm
Quoting barloc
Until 130.662 is broken the chart keeps saying long.
Already break
  • #21,904
  • Sep 29, 2016 11:30pm Sep 29, 2016 11:30pm
Ha, it's time for big shark !
  • #21,905
  • Sep 29, 2016 11:40pm Sep 29, 2016 11:40pm
possible upward trend? or continuation of downward trend soon?
  • #21,906
  • Sep 29, 2016 11:51pm Sep 29, 2016 11:51pm
Quoting dealkhan
possible upward trend? or continuation of downward trend soon?

I appreciate your decisive comment or was it a question?
  • #21,907
  • Sep 29, 2016 11:56pm Sep 29, 2016 11:56pm
If it failed to break 130.40 and reversed upward, breaking the "reversed neck" resistance at 132.40, then the price might go to around 135.00 before consolidating. A retracement might happen at round 133.30 before reaching 135.00.
  • #21,908
  • Sep 30, 2016 12:07am Sep 30, 2016 12:07am
Quoting JJSerrault
If it failed to break 130.40 and reversed upward, breaking the "reversed neck" resistance at 132.40, then the price might go to around 135.00 before consolidating. A retracement might happen at round 133.30 before reaching 135.00.

Why not just Trade what the Market presents instead of trying to predict it?

Trade in and out of the Bigger TF Swings using the Smaller TFs to enter.
  • #21,909
  • Sep 30, 2016 12:12am Sep 30, 2016 12:12am
Quoting stevepatt
{quote} Why not just Trade what the Market presents instead of trying to predict it? Trade in and out of the Bigger TF Swings using the Smaller TFs to enter.
That's what I do. I was just giving my opinion on what might happen. I only trade when the direction is clear.
  • #21,910
  • Sep 30, 2016 12:27am Sep 30, 2016 12:27am
Price is reaching its ADR limit so it should turn soon......unless today its one of those 200-300 pips days.
Dragon Rider
  • #21,911
  • Sep 30, 2016 1:31am Sep 30, 2016 1:31am
British data just came in very positive, hopefully that helps to catalyze this move upwards. I've got my eye on that 1H inverse H&S, looks promising
niemals aufgeben
  • #21,912
  • Sep 30, 2016 2:04am Sep 30, 2016 2:04am
Quoting stevepatt
{quote} Why not just Trade what the Market presents instead of trying to predict it? Trade in and out of the Bigger TF Swings using the Smaller TFs to enter.
Not today. If DB is not bailed out. Japan and UK need to step up stimulus. The question is who will be the first, and who will be next and last. DB bails out is unlikely till the last moment.
  • #21,913
  • Sep 30, 2016 2:31am Sep 30, 2016 2:31am
Feels like a stops hunt day.

Every long trader with stops around 130.551 just got rekt.
Dragon Rider
  • #21,914
  • Sep 30, 2016 2:33am Sep 30, 2016 2:33am
Quoting barloc
Feels like a stops hunt day. Every long trader with stops around 130.551 just got rekt.
yeah i got stopped out but i rode the wave back up and got double of what it took from me
  • #21,915
  • Sep 30, 2016 5:15am Sep 30, 2016 5:15am
Price locked between 131.40 - 131.05 area. The new in just over 15 mins should breakout of this consolidation, and hopefully a good run of a trade.
  • #21,916
  • Sep 30, 2016 6:08am Sep 30, 2016 6:08am
Put a sell limit at 131.490, no real technical on this decision other than the daily movement. Looking for around 75 pips but open ended on that one.
  • #21,917
  • Sep 30, 2016 9:10am Sep 30, 2016 9:10am
Quoting Kissa
Put a sell limit at 131.490, no real technical on this decision other than the daily movement. Looking for around 75 pips but open ended on that one.
Terrible trade for my Friday night party fund, no big night out, not with my 10 pips.
  • #21,918
  • Edited 10:00am Sep 30, 2016 9:25am | Edited 10:00am
Looks like the "reversed neck" break will have to wait until next week. Once the break has been confirmed, then the triple bottom pattern at D1 and reversed H&S pattern at H8 and H4 have completed. Once the lower high resistance at D1 has been broken, the bulls might keep going upward until they've reached W1 and M1 resistance. Good luck and green pips to ya'll!

Trade carefully.
  • #21,919
  • Sep 30, 2016 3:11pm Sep 30, 2016 3:11pm
Quoting barloc
Long term traders protected the Weekly pivot S1 (green line), if the weekly pivot (white line)is broken price could be pushed up to R2 (Red line with a box). {image}

Following my plan-- If Im wrong I will scale down with intraday trades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYH111.png Size: 137 KB
Click to Enlarge Name: GBPJPYH1556.png Size: 126 KB
Dragon Rider
  • #21,920
  • Sep 30, 2016 3:39pm Sep 30, 2016 3:39pm
The one time where I try to be swing trader there is stop hunt.

+96 pips from 5 min chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM54545.png Size: 100 KB
Dragon Rider
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