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Dragon Riders GBP/JPY

  • #22,481
  • Edited 1:46am Nov 9, 2016 1:29am | Edited 1:46am
Quoting pet
US Election day GBP/JPY: Current price is 129.88, sell to target 128.80 initially , sl @ 130.15 that's a 27pips risk for 100pips profit. EURGBP: buy @0.8905 to target 0.8978 initially, stoploss @0.8877 More pips to all. {image}

Update:

GBPJPY: small loss of 27pips even though price still went to hit projected TP2 and about 30pips shy of TP3, bigger stoploss was needed and would have made a killing but its ok considering the situation, better lose a little than to be heavily exposed to uncertainties.

EURGBP: TARGET OF 0.8978 achieved and exceeded, watching this level now, min 70pips or more banked depending on alertness of trader/watching screens at the time.

Obviously still wasn't a bad sets of trades.

More pips to all.
  • #22,482
  • Nov 9, 2016 5:55am Nov 9, 2016 5:55am
Should have 1more down 126.60 area before bounce:-). Anyone saw that area?
  • #22,483
  • Nov 9, 2016 7:49am Nov 9, 2016 7:49am
IMO 132.20-132.50 still needs to be tested the next few days, before trend decides a clear direction. If broken, a bounce upto 138.90 could be the next target.
On the downside a fall below 126 could trigger more selling pressure.
  • #22,484
  • Nov 9, 2016 10:24am Nov 9, 2016 10:24am
They call it "The funky Dragon", fellas traders.
One must not try riding this beast if he ain't got big enough balls.
  • #22,485
  • Nov 9, 2016 11:11am Nov 9, 2016 11:11am
Quoting MixiFX
They call it "The funky Dragon", fellas traders.
Nobody calls it that
  • #22,486
  • Nov 9, 2016 11:34am Nov 9, 2016 11:34am
Awesome daily pinbar
  • #22,487
  • Nov 9, 2016 12:05pm Nov 9, 2016 12:05pm
Quoting MixiFX
Awesome daily pinbar
And that fortells what?
  • #22,488
  • Nov 9, 2016 3:19pm Nov 9, 2016 3:19pm
I rode the dragon but good yesterday... need more days like this
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-d1-trading-point-of-2.png Size: 83 KB
I'll pick up the crumbs don't need the whole pie
  • #22,489
  • Nov 9, 2016 9:17pm Nov 9, 2016 9:17pm
buys at 129.77....sma there 15M
  • #22,490
  • Nov 9, 2016 9:49pm Nov 9, 2016 9:49pm
Quoting Quickiepip
I rode the dragon but good yesterday... need more days like this {image}
Nice riding.. I like your style, its similar to mine and it delivers real results.

I will take a shot at scalping, I like the idea of ending my trading day at 10 highly leveraged pips vs trading for 131313125454354322314 hours each day for the same results. lol


I will take a break from the Dragon- Green pips to all


Brb
Dragon Rider
  • #22,491
  • Nov 10, 2016 5:50am Nov 10, 2016 5:50am
Quoting MixiFX
IMO 132.20-132.50 still needs to be tested the next few days, before trend decides a clear direction. If broken, a bounce upto 138.90 could be the next target. On the downside a fall below 126 could trigger more selling pressure.
This has been quite a nice ride so far.
I expect the current levels (132.50-133.30) might be tested several times now. If broken, next level could be 139, daily pinbar and PA apparently suggest strong bullish momentum.
If it holds, prepare for a steep landing at 116 and below IMO.
  • #22,492
  • Nov 10, 2016 11:05am Nov 10, 2016 11:05am
I think price should consolidate now around 132.20
I would consider buying again at that level, before the crazy beast resumes trend and pumps up again. Looks like short term support.
Anyways, trade cautiously!
  • #22,493
  • Nov 10, 2016 1:34pm Nov 10, 2016 1:34pm
Another great day... love the push up caught 480 pips today on 2 accounts.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-d1-trading-point-of.png Size: 86 KB
I'll pick up the crumbs don't need the whole pie
  • #22,494
  • Nov 10, 2016 9:03pm Nov 10, 2016 9:03pm
good call there..

short term.....

Quoting MixiFX
I think price should consolidate now around 132.20 I would consider buying again at that level, before the crazy beast resumes trend and pumps up again. Looks like short term support. Anyways, trade cautiously!
  • #22,495
  • Nov 11, 2016 3:14am Nov 11, 2016 3:14am
GJ next pit 135/135.4ish(just my 2 cents..)

Cheers

Al.
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #22,496
  • Nov 11, 2016 8:08am Nov 11, 2016 8:08am
Well not sure there is much gas in the tank... but if there is we might reach 137.00 today or dip back down to 132.50 any which way I'll be ready
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy-d1-trading-point-of.png Size: 87 KB
I'll pick up the crumbs don't need the whole pie
  • #22,497
  • Nov 11, 2016 8:52am Nov 11, 2016 8:52am
Quoting Quickiepip
Well not sure there is much gas in the tank... but if there is we might reach 137.00 today or dip back down to 132.50 any which way I'll be ready {image}

today?..

i doubt..

GR8 weekend

Al
Dream, believe,fight for it and you will achieve and NEVER EVER GIVE UP!
  • #22,498
  • Nov 11, 2016 3:13pm Nov 11, 2016 3:13pm
134.88 sell...unsquared candle....
  • #22,499
  • Nov 13, 2016 7:32am Nov 13, 2016 7:32am
dont forget about that retest of 125.00 coming soon when they find out the truth :Þ
  • #22,500
  • Edited 12:47am Nov 14, 2016 12:19am | Edited 12:47am
Suspect 135.2 might halt it or at least correct down a little. Weekly moving average 25 - was associated with price capping at 188.5, stopped it at 163.5, then 159.8. Also just over 76.4 of 138.7 vs 122.6

Failure to even respond though, could mean a monthly driven large correction or a real sign of reversal.
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