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Dragon Riders GBP/JPY

  • #23,261
  • Feb 22, 2017 2:28am Feb 22, 2017 2:28am
Quoting Noors
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}...
that would be the bid ask spread lol...
The only true wisdom is in knowing you know nothing.
  • #23,262
  • Feb 22, 2017 2:30am Feb 22, 2017 2:30am
Quoting aarontan
{quote} that would be the bid ask spread lol...
nope it was delay(lag) - If I close for 12.3 pips I close for 12.3 pips the bid ask spread is already priced in
  • #23,263
  • Feb 22, 2017 2:39am Feb 22, 2017 2:39am
Quoting Noors
{quote} The only hidden meaning is the one without the letter.. the thick line at 141.99 atm that level indicates sellers(below the line) and buyers(above the line) to me.. Also after yesterdays run the G level has gained strength and is now a strong support... so a break below G i will wait for a valid retest of G and enter short - I could keep buying the bounce from G but I will do that depending on how price reacts
It's interesting how you trade though. It reminds me of Fx-Ray who determine a trade vide levels he called DP as well. I can't figure out how he came out with DP, I can't figure out how you did as well.
  • #23,264
  • Feb 22, 2017 2:59am Feb 22, 2017 2:59am
This looks rather like a stop hunt, could quickly reverse...
  • #23,265
  • Feb 22, 2017 3:00am Feb 22, 2017 3:00am
any of these 3 scenarios should happen either a retest then back down to A or straight to A
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  • #23,266
  • Feb 22, 2017 3:01am Feb 22, 2017 3:01am
Quoting FxLapozi
{quote} It's interesting how you trade though. It reminds me of Fx-Ray who determine a trade vide levels he called DP as well. I can't figure out how he came out with DP, I can't figure out how you did as well.
Oh haha, I might sus out his style
  • #23,267
  • Feb 22, 2017 3:05am Feb 22, 2017 3:05am
Quoting MixiFX
This looks rather like a stop hunt, could quickly reverse...
If it does maybe will reverse to 141.8 tops unless we break 142 im bearish
  • #23,268
  • Feb 22, 2017 3:20am Feb 22, 2017 3:20am
Quoting Noors
{quote} If it does maybe will reverse to 141.8 tops unless we break 142 im bearish
140.80 looks key point, it could reverse from there IMO
  • #23,269
  • Edited 3:40am Feb 22, 2017 3:30am | Edited 3:40am
Quoting Noors
any of these 3 scenarios should happen either a retest then back down to A or straight to A {image}
A level reached missed on entry by a pip oh well that trades done for

Managed to collect 25pips off the G/U though
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  • #23,270
  • Feb 22, 2017 3:50am Feb 22, 2017 3:50am
Quoting MixiFX
Looks like bullish sentiment has created, but 139.85 still a possible target for the week IMO. From there it could go either way.
If 140.80 does not hold, this should be next stop.
  • #23,271
  • Feb 22, 2017 4:34am Feb 22, 2017 4:34am
And..... another 30pips - Break A retest short.. done for the day enjoy yall
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  • #23,272
  • Feb 22, 2017 6:02am Feb 22, 2017 6:02am
Quoting Noors
And..... another 30pips - Break A retest short.. done for the day enjoy yall {image}
Looks good, I would like to see them go sideways for a few hours before heading down to the 139 area.
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  • #23,273
  • Feb 22, 2017 6:37am Feb 22, 2017 6:37am
Have a look, Break A retest A down to b and close with a wick above B, these levels are very well respected.
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  • #23,274
  • Feb 22, 2017 6:42am Feb 22, 2017 6:42am
Quoting Noors
{quote} Oh haha, I might sus out his style
Come back in 10 yrs , having looked at charts everyday ... then you might possibly work it out.
  • #23,275
  • Feb 22, 2017 7:57am Feb 22, 2017 7:57am
something I will keep an eye out for, its a stretch, sure, but its all a stretch in the end...
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Look Sharp/Trade Tight
  • #23,276
  • Feb 22, 2017 9:39am Feb 22, 2017 9:39am
Looks like 140.80 acts as support and might be tested several times, there should be some sideways moves.
If today closes above this level, GJ could retest 142 area (wekly high) again this week.
Next target is 143.50 area, an important resistance. If the week closes above this level I think we will go up all the way to 148.49
  • #23,277
  • Feb 22, 2017 9:44am Feb 22, 2017 9:44am
What was the action right now on the jpy?? Anyone please
  • #23,278
  • Feb 22, 2017 9:49am Feb 22, 2017 9:49am
Quoting ftwforex
What was the action right now on the jpy?? Anyone please
This is the dragon going on a rampage lol, not easy trading this pair
Trade what you see, not what you think.
  • #23,279
  • Feb 22, 2017 9:58am Feb 22, 2017 9:58am
And.. a reject of G another opportunity to short for a scalp of 10-20pips
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  • #23,280
  • Feb 22, 2017 9:59am Feb 22, 2017 9:59am
Quoting ftwforex
What was the action right now on the jpy?? Anyone please
This might have been the beginning of a beautiful trendship.
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