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

Quoting Manquito
Hi!! Pretty new to Forex and looking for some advice. I have a short at 145.31. I already moved to BE my SL. How do you see the pair? Thanks in advance
-- Best is to trade what you see, putting an eye in important news release.

For me, pair is sideways correcting short for the moment and I am trying to get some pips from it. But general trend still long until 143.000 level is pierced down.

So, I am in a long mode from now, but as I say, due to the sideway moment, trying to get some little pips from short corrections.

My view. =)
Quoting bigboss
{quote} -- Best is to trade what you see, putting an eye in important news release. For me, pair is sideways correcting short for the moment and I am trying to get some pips from it. But general trend still long until 143.000 level is pierced down. So, I am in a long mode from now, but as I say, due to the sideway moment, trying to get some little pips from short corrections. My view. =)
Double ZigZag pattern on GJ; wave y often become normal motive waves with wave x triangle 3(3-3-3-3-3)
target price (average) around 140.5 with confluence many strong polarity and fibonacci r as support level

*gift for Muslim holy month! ~Happy Ramadan 2017
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Quoting xingloon
Looking to retest the 143.3 area. Perhaps more downward moves to 142 level @ 50% fib retracement til next week. {image}
Almost hit my SL few days ago and PA dive again. Had an early close for my shorts. Looking for opportunity to re-entry short. Target level 142
Listen to the market
Quoting MrPresident
{quote} what a lovely short opportunity {image}
hahaha, lets see if it is possible to get 1000 pips from this
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Don't Worry Be Happy
Quoting FX-Petra
Wow. I did not expect such a big move today. It could reach my 143.50 target by NY close. No really big news today (economic). The stock market is getting hit pretty good. I suppose this is just a risk-off situation and the yen is appreciating. Still plenty of room to fall, from a technical perspective. Good trades to all!
Ok. reaching 143.40 (38.2 fib) took an extra 9 days, but it got there. Closed 2 lots (from 147.20) @ 143.45. Left 1 lot open to run. Not sure about a TP yet. Maybe the bottom of the range on the daily, 136.00? Daily RSI is only 43, so plenty of room left to fall. Good Trades to all!
Quoting MrPresident
{quote} hahaha, lets see if it is possible to get 1000 pips from this {image}
Good Day MrPresident... What's your play?
I'm in since 145.7 and will let it run now until my indicators on daily base shows me some other signs.
Around 138 looks like an interesting area, but would be also happy with gap close at 140. Let see...
I agree on that gap closing. I think the gap will close, plus a little extra downside... perhaps the 138.50 area? Good Trades to all!
guessing is the unwise and inappropriate action in trading. Please avoid it, guys
u make lose twice!

no 1000 pips nor gap closing instead create upside of smaller leg of second motive wave (may complete today/early tomorrow) of Y
bef. continue to turning down back as major corrective is undone yet!

speaking of my whole analysis, yes still going down before to initiate the large strong bull's trend (fist leg on/first or one of impulse's degree) around my average price 140.5 or more
Quoting smilemiz
guessing is the unwise and inappropriate action in trading. Please avoid it, guys u make lose twice! no 1000 pips nor gap closing instead create upside of smaller leg of second motive wave (may complete today/early tomorrow) of Y bef. continue to turning down back as major corrective is undone yet! speaking of my whole analysis, yes still going down before to initiate the large strong bull's trend (fist leg on/first or one of impulse's degree) around my average price 140.5 or more
it looks bearish due to the fundamentals from the U.K and primarily, the election in June

the Brexit process is not over yet and the market is worried about a "hard Brexit" by the looks of it
Don't Worry Be Happy
GBPJPY daily may be setting up something quite appealing.

The bull move I am looking at will hopefully meet support in the 142.9 - 143.0 Breakout above a prior swing high has already been tested and there were buyers there. I'm hoping there is a little more left in the bear move so that the BC measured move completes down to the 14131 area. This is also a decent support area and the worst case from the point of view of a stop would be the 14000 level, but lower timeframe price action and measured moves may give a better idea if and when the time comes. Also a >50% retracement of the prior bull move would take us to a level below 14186 which then becomes more attractive for bulls. This is also a decent support area and the worst case from the point of view of a stop would be the 14000 level, but lower timeframe price action and measured moves may give a better idea if and when the time comes.

just my 2 cent
Alex
Stay GREEN my friends........
This is actually what I see (which ain't worth a lick).

If anything, this might find support around the 1.4037 level or 1.618fib which represent wave C of wave 2 (check the 4hr and daily/weekly). We'll see.
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Lost....
With the dragon you have to be ready to trade both ways.... I'm always ready with plan B, C, and D loss recovery if trade A doesn't work out. You can't be a one directional trader you will get caught.
I'll pick up the crumbs don't need the whole pie
Quoting Quickiepip
With the dragon you have to be ready to trade both ways.... I'm always ready with plan B, C, and D loss recovery if trade A doesn't work out. You can't be a one directional trader you will get caught.
you can trade in one direction on this pair and it will work out only if you pick where to enter your trade correctly

scalping is what makes people lose lots of money
Don't Worry Be Happy
Quoting MrPresident
{quote} you can trade in one direction on this pair and it will work out only if you pick where to enter your trade correctly scalping is what makes people lose lots of money
if so ... which way would you say to trade now? up or down???
I'll pick up the crumbs don't need the whole pie
Never go against trend this is not eurusd. If you do not follow this simple rule, especially when going down ( never experienced anything scarier ) , can wipe your account in Seconds. Not a pair for newbies - I have seen many tears on this thread.
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chicken out , enough .
Exits == most important part of your strategy
Quoting edmun1388
{image} chicken out , enough .
perfect entry. i will try get in at similar levels.142.83 for short. Also 142.12 possible short in progress
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ichimoku 142.38 this is japanese session
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