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Enter The Dragon - GBP/JPY 2 replies

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Attachments: Dragon Riders GBP/JPY
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Dragon Riders GBP/JPY

Quoting PayTheLimit
{quote} say, you see anything sneaky at 138.37 ?
I have these levels down south... I will try a long at G if that fails then support zone 1.. If I had plotted lines last night I would have got the E plotted as well just realised price stopped there...

Once again PTL our levels are really close haha 138.31 is my buy
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hmmm, might try a short at E bit too close for my liking but will give it a go with a tight SL might unload at D
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Quoting edmun1388
daily short from 140.43 no SL H4 short from 139.851 SL moved to 139.80 M30 : short when you feel happy.
so far signal so good . 4 trades short all ok. nice day
Exits == most important part of your strategy
  • #23,124
  • Quote
  • Edited 7:16am Feb 7, 2017 6:45am | Edited 7:16am
Trying a short from E.

Edit: got stopped out...(faked out) might be done for the day.
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  • #23,125
  • Quote
  • Edited 10:58am Feb 7, 2017 9:39am | Edited 10:58am
D1 downtrend
H4 down trend
M30 : if price bar now go above previous M30 high , GJ may go uptrend since H4 trend start from small trend M30 .

GBPJPY direction : down

* after 2 M30 bars , price break
Exits == most important part of your strategy
Quoting edmun1388
D1 downtrend H4 down trend M30 : if price bar now go above previous M30 high , GJ may go uptrend since H4 trend start from small trend M30 . GBPJPY direction : down * after 2 M30 bars , price break
price break up , M30 up trend can become H4 up trend in 1 hour time.

* 139.6430 is H4 break up level once M30 close above it
Exits == most important part of your strategy
  • #23,127
  • Quote
  • Edited 1:06pm Feb 7, 2017 12:54pm | Edited 1:06pm
GBPJPY next 8 hours analysis
M30 - already trend up and stopped at 140.185

H4 up - H4 up trend may begin if price go above previous H4 bar high .price must above level 139.643
H4 down - [ daily + H4 ] compound trend is down , because H4 now with strong up move bar , if we want to trade short , we need wait for min 2 closed down or red bar to confirm , H4 body size and range will give us information about price will go down or not.

Because recent up move mainly cause by strength of GBP , so if we can see any GBPxxx pair drop down fast ,and H4 with min 2 red bars , then we can short GBPJPY safely with condition , USDJPY also down.
2 am here , nite all.

* sry that my language is bad since english is not my primary language
Exits == most important part of your strategy
  • #23,128
  • Quote
  • Edited Feb 8, 2017 2:06am Feb 7, 2017 8:19pm | Edited Feb 8, 2017 2:06am
As I stated last week still suspect a bullish consolidation - triangle or similar. Would have to break back over 141 though to confirm that possibility.

Over 141 could allow a move back to 142.2 .
Buy...right there 140.06.....

goin for 141.13/37...then down to 138something
Quoting FxLapozi
{quote} Yeap, pretty sure that's your holy grail. Pretty sure it's boring too..that you have to ask us this... {quote}
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  • #23,131
  • Quote
  • Edited 10:11am Feb 8, 2017 3:02am | Edited 10:11am
Quoting Gbp/jpy
Buy...right there 140.06..... goin for 141.13/37...then down to 138something
140.80 is the key level to watch. I changed my view to bearish on Dragon after loosing this level...
There's no harm in being smtm wrong especially if one is promptly found out
Dragon in my view...
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There's no harm in being smtm wrong especially if one is promptly found out
Go long if daily bar close above 140.610
* We have daily TZ bar , [ D1 + H4 ] compound trend is down
Exits == most important part of your strategy
Great graphic salifx ...that 140.01 held again maybe........messy but they all pull back to panic the trader.....trying for 141.5
Quoting Gbp/jpy
Great graphic salifx ...that 140.01 held again maybe........messy but they all pull back to panic the trader.....trying for 141.5
Completely agreed.
Is anyone having issues loading trade explorer? Everytime I click it it won't allow me to access the page.
Let us talk forex.
With minor variances (most recently), almost a carbon copy of the 2013 launch from 150.7 to 174. The 136 break equals the 163 break. But would have to get up to fail circa 147 again to replicate, with 142 holding. Last time there was a hassle at around 158, but I suspect that's another major horizontal pivot. It wasn't there , so that's why it may have passed so easily through the 130/132 area. Suspect that in due course, we return to the earlier 173/178.5/183 etc pivots.

Of course, history doesn't always repeat forever.
Quoting Mpt
With minor variances (most recently), almost a carbon copy of the 2013 launch from 150.7 to 174. The 136 break equals the 163 break. But would have to get up to fail circa 147 again to replicate, with 142 holding. Last time there was a hassle at around 158, but I suspect that's another major horizontal pivot. It wasn't there , so that's why it may have passed so easily through the 130/132 area. Suspect that in due course, we return to the earlier 173/178.5/183 etc pivots. Of course, history doesn't always repeat forever.
hey im more of a lurker than anything else as i dont find the discussions here useful anymore - but this is actually a useful post so i wanted to say thanks for pointing something out (instead of using this forum to gloat or be your trading journal)
Quoting pipmyride
{quote} hey im more of a lurker than anything else as i dont find the discussions here useful anymore - but this is actually a useful post so i wanted to say thanks for pointing something out (instead of using this forum to gloat or be your trading journal)
No problems.
so, right now, there's something holding the usdjpy up......since the t-bills are tanking for return.....but the pair wont go lower these last three days......my year end reversal i suppose.....this means buy em up.....like during London one hour after the open...i'm buying 110.99, the 1.618 extension....if ya see a scary low......buy it
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