Dragon Riders GBP/JPY

Quoting Noors

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{quote} I could never figure out how to project price long term, I go level by level - If you look at my chart above we are inbetween levels A-G if we break G we head to the thick line above it 141.99

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Quoting Kissa

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{quote} That's what I do. Im long but scalping short if that makes any sense. Its 50/50 and with a little educated guess maybe a little bit better but that is besides the point. MM is the thing that keeps one in the green, not long term predictions

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Quoting Noors

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Hm.. levels A and G have become a strong zone... didn't think the A level will hold either way good for business... only had the chance to take 1 trade from the bounces... however I'll keep a close eye see which way it decides to break.. {image}

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Quoting edmun1388

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May be you all can try PO long at 141.57 since hard resistance is at 141.550

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Quoting Mpt

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GJ 141.95. I'd suggest a little caution in the perceived bullish argument. Sure, should it could yet break up with strength. From a technical stand point though, it's approaching a key pivot area, being 142.1/8 where it broke down first last June. It's not in a triangle, but could be in a sightly bullish diamond, wherein it was truncated at the top. There remains the chance of another drop to at least the previous low last week or even 137.5. Below there, there's no surety that it's even bullish and a retest from about 135 could fall.

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Quoting Noors

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{quote}If you look at my chart above we are inbetween levels A-G if we break G we head to the thick line above it 141.99

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Quoting Noors

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{quote} HA! And there you go... Break of G the very next candle stick retests G and up we go to the 141.99 level - I will always say the power of hidden levels.... and ask me what time I went to bed? 2hours before that happened.... If I was at the screen I would have bought the retest and sold at 141.99 oh well I miss most opportunities pretty used to it btw how I trade these levels are once they are broken I wait for retest then I enter.. {image}

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Quoting karmostaji

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{quote} How do you determine these levels?

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Quoting Noors

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Funny I could have sworn I closed that for 13pips broker says 9.9 apparently - As price got lower to the G level I suspected maybe a quick bounce up for 10 pips - good thing about these levels once you can read how price reacts around these levels you dont always have to trade the break+retest you could also trade the bounces happens a lot of times between levels. {quote} If the time comes I will reveal it to the public for now that would have to stay in my circle, don't want to sound like an egotistic fella sure you will understand {image}...

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Quoting FxLapozi

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{quote} What does it mean by A B C D E F G H? Why is G above A?

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Quoting Noors

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{quote} That's irrelevant.. I just slap letters on the lines so when I post something and I'm talking about a specific level I could just use the letters

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Quoting FxLapozi

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{quote} I see. I thought there is some hidden meaning within with level A > B or C or D.... and G being the most likely to breakout/hold.

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