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Dragon Riders GBP/JPY

  • #23,701
  • Apr 5, 2017 9:59pm Apr 5, 2017 9:59pm
You can see previous low, was breached but not closed under. GJ buy is still on my radar being that the aforementioned formation was met.

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  • #23,702
  • Apr 5, 2017 10:09pm Apr 5, 2017 10:09pm
Buy the GPD/JPY
  • #23,703
  • Apr 6, 2017 5:08am Apr 6, 2017 5:08am
I am long based on the conditions which I have shared hours ago. Let's see if the long hits the TP.
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  • #23,704
  • Apr 6, 2017 9:44am Apr 6, 2017 9:44am
Take profit of that long finally has hit! To think that I shorted, took profit and caught the signal which mentioned that the move down was a "fake" only to long and hit the TP was a very good setup! I honestly love wagering on those rejection formations, as your SL is relatively tight and your TP is very far.

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  • #23,705
  • Apr 6, 2017 10:05am Apr 6, 2017 10:05am
Cool dealing there RainBowDash.....the big money is made on the turns, huh!

timings all worked today with two left......sometimes two will go against me but the basket with euro and cad pays when the gbpjpy is stuck.

they alternate weekly......Chicago time.....10-12 mid nite sell, then one hour buy....watch that one....1-3 am sell, 3-5 buy, 5-7 sell,....7-8 buy wait a few minutes at the end........8-11 sell....10 or 11am to 1 pm buy

best in a basket buying euro and gbpxxx at the same time and selling Gold and usdcad same time....all four at the same time, I'm scrambling here sorry....each day is opposite.....like the week......did I post it clear? Ha..ha....changed that last one....

it it doesn't work with the Aussie....found that out
  • #23,706
  • Apr 6, 2017 12:57pm Apr 6, 2017 12:57pm
Sadly this thread isn't very active, considering the fact that this pair moves quickly and with good guidance one can profit day in and day out. I clearly, the last 2 days, have decided to lower the risk 10x fold, which is why I have not been able to get this account over 2,000gbp, but at least the formations and results are holding up. I can't wait for NFP to come and go in order to go back to regular trading.
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  • #23,707
  • Apr 6, 2017 1:30pm Apr 6, 2017 1:30pm
Quoting RainBowDash
Sadly this thread isn't very active, considering the fact that this pair moves quickly and with good guidance one can profit day in and day out. I clearly, the last 2 days, have decided to lower the risk 10x fold, which is why I have not been able to get this account over 2,000gbp, but at least the formations and results are holding up. I can't wait for NFP to come and go in order to go back to regular trading.
Man the Dragon has become the turtle.... it's been ranging for the past 2 months. No action to speak of, I was hoping this month might have a spark. I can run with the Dragon but when the dragon's crawling it messes me up. Anyone see a clear direction in sight?
I'll pick up the crumbs don't need the whole pie
  • #23,708
  • Apr 6, 2017 6:02pm Apr 6, 2017 6:02pm
For that timing fun....in four hours it starts.... with a two hour sell

on euro and gbpxxx......sells at the same time is the funnest, on usdcad and Gold

maybe our dragon will straighten up and fly right
  • #23,709
  • Apr 6, 2017 6:08pm Apr 6, 2017 6:08pm
Right now I have a sell on euro gbpusd and gbpjpy, buy usdcad for two hours
  • #23,710
  • Apr 6, 2017 6:11pm Apr 6, 2017 6:11pm
Finding some early support around the 200sma 15min
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  • #23,711
  • Apr 6, 2017 6:32pm Apr 6, 2017 6:32pm
Attempting a small scalp down to 137.75
Then looking for possible longs
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  • #23,712
  • Apr 6, 2017 8:19pm Apr 6, 2017 8:19pm
Quoting Quickiepip
{quote} Man the Dragon has become the turtle.... it's been ranging for the past 2 months. No action to speak of, I was hoping this month might have a spark. I can run with the Dragon but when the dragon's crawling it messes me up. Anyone see a clear direction in sight?
A clear direction I don't see at all, but I think on the lower tf, it has given us enough runs. Well for me at least.
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  • #23,713
  • Apr 6, 2017 8:30pm Apr 6, 2017 8:30pm
Anyone know what caused that 70 pip drop?
  • #23,714
  • Apr 6, 2017 8:49pm Apr 6, 2017 8:49pm
Buy em all....for 142.21.....buy 136.67......137.08 and I bought 137.41
  • #23,715
  • Apr 6, 2017 8:52pm Apr 6, 2017 8:52pm
GBPJPY 30m sell after bearish H&S pattern and buy after bounce from round number and lower 5days range level,should be +70
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  • #23,716
  • Apr 6, 2017 9:05pm Apr 6, 2017 9:05pm
Quoting Radioactive1
Anyone know what caused that 70 pip drop?
No clue at all. I am still looking for the answer myself.
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  • #23,717
  • Apr 6, 2017 9:06pm Apr 6, 2017 9:06pm
Quoting ricmi
GBPJPY 30m sell after bearish H&S pattern and buy after bounce from round number and lower 5days range level,should be +70 {image}
So you are currently in a long, after catching that long candle downward?
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  • #23,718
  • Apr 6, 2017 9:13pm Apr 6, 2017 9:13pm
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You can see prior to that long red candle on the m15 there was a nice little "fake cup and handle" formation forming. Why was it a fake? Well because it reached about 50% of the move down, followed by that massive 70 pip drop which we just saw.

So I have decided to take a short, and ride it to the daily s3, and where you see my sl is where I have a pending buy for .5 lots to the upside expecting a cup and handle formation. Let us see which of those two orders work out, but hopefully, it won't take as long as my calls have taken the last few days to be completed.
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  • #23,719
  • Apr 6, 2017 9:23pm Apr 6, 2017 9:23pm
Quoting Radioactive1
Anyone know what caused that 70 pip drop?
Check the news.
Safe haven flow into jpy
  • #23,720
  • Apr 6, 2017 9:27pm Apr 6, 2017 9:27pm
Quoting RBlackburn
{quote} Check the news. Safe haven flow into jpy
Thanks for the information. Safe heaven for a few hours, until it makes a U-turn and leaves everyone saying "I thought it was a safe haven"
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