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Dragon Riders GBP/JPY

  • #24,121
  • May 29, 2017 11:18pm May 29, 2017 11:18pm
Quoting MrPresident
{quote} what a lovely short opportunity {image}
Nice call. went short at 146 on May 12 and still holding

Quoting Scotty B
Adding slightly to long position just under 146
Bad call.
You came here for the truth and let me unveil it for you
  • #24,122
  • May 29, 2017 11:40pm May 29, 2017 11:40pm
Is the momentum strong enough to dip 141?
Muahahahhahah...
  • #24,123
  • May 29, 2017 11:56pm May 29, 2017 11:56pm
update

Quoting smilemiz
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 {image}
previous post: https://www.forexfactory.com/showthr...67#post9910067

more details in hour timeframe

Obviously look so clear the polarity of Gann with ending diagonal counts and length probable to y = 100% w (as I said earlier on average price 140.5 or more around 61.8% fibonacci r (updated on 2nd attachment/chart) last ending diagonal triangle of Elliotwave consideration

Quoting smilemiz
{quote} guys, I told you yesterday.. see? may be right now was wave b of 2~ down impulsive wave or I might prefer as initiate the last ending diagonal triangle of Elliottwave
Quoting smilemiz
{quote} then the price would be hovering on that area or rebounce back to the pivot level today, I will put more short/selling lots tomorrow for sure
right now observation
Attached Images
  • #24,124
  • May 30, 2017 12:08am May 30, 2017 12:08am
if wave i complete and goes to ii at the end of today or early tomorrow.. I am pretty sure as I said to add more my short selling until reach my average price/strong support around 140.500 (still floating my profit on last week 10k plus)

and if this count (my neo analysis) valid untill around this week also with formed of ending triangle of Elliotwave (own prefer) and length 100 of wave W
I am ready my first/2nd 5 mil. contract size to long buying as usual in my swing strategy on Friday/Monday . serious money to nailed it!

keep quiet
  • #24,125
  • May 30, 2017 12:13am May 30, 2017 12:13am
I'm looking at about 12,890 for the possible completion of this downmove off of the double top. Today a pullback, but we'll see if it can get above 265 which is the 30m 100sma with the CP just above it.
  • #24,126
  • May 30, 2017 1:11am May 30, 2017 1:11am
Nice target and a nice prediction there smilemiz . I am holding shorts with that target. I think it would get there just before the elections in the UK and than back to long again. Cheers
  • #24,127
  • May 30, 2017 1:16am May 30, 2017 1:16am
Got my first 290PIPs target hit. Maybe gonna be a pullback soon till it rolls down again
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: photo_2017-05-30_10-14-33.jpg Size: 121 KB
  • #24,128
  • May 30, 2017 2:08am May 30, 2017 2:08am
Quoting DwainUK
Nice target and a nice prediction there smilemiz . I am holding shorts with that target. I think it would get there just before the elections in the UK and than back to long again. Cheers


yup.. well Dwain, anything can be happen, right?
yea. we'll see on the UK G election soon... on next week ,Thursday June 8 Always Be Ready~

to me, Pound do not have problem to manifests with the hiking trend after completely the correction's. But, only Yen have a few remaining
to down in my analysis. Based on my own experience, I believe this the causes of GBP event will be urge everthing to goin back as bullish trend.

It is a common
  • #24,129
  • May 30, 2017 4:57am May 30, 2017 4:57am
Quoting Pip-Miner
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.
For someone that has traded eurusd for years, the dragon seems a lot easier. It's not as affected by news and even the noob macd indicator will work pretty good on the dragon. If it's the spread that scares you... don't let it. The only thing I would say if she gets away from you be ready to SL or Hedge, because if the dragon takes flight shes gone.
I'll pick up the crumbs don't need the whole pie
  • #24,130
  • May 30, 2017 6:17am May 30, 2017 6:17am
Quoting Quickiepip
{quote} For someone that has traded eurusd for years, the dragon seems a lot easier. It's not as affected by news and even the noob macd indicator will work pretty good on the dragon. If it's the spread that scares you... don't let it. The only thing I would say if she gets away from you be ready to SL or Hedge, because if the dragon takes flight shes gone.
Not sure why the spread would scare anyone, I have it at 2.5 with my broker, and some offer it at less than 1 pip. Considering that its range is three times that of EU, how can an extra pip or two on the spread possibly be a factor on whether to trade it or not. I have often asked myself why more people don't trade this pair, and I can only put it down to its reputation as being a fast moving pair, but what do traders want, the opportunity to make 40 pips per day, or 140!! And you're right Quickiepip, it is certainly no more difficult to trade than eu or any other pair i have traded.
  • #24,131
  • May 30, 2017 7:42am May 30, 2017 7:42am
i am in since May 11th and this pair is going down but it might consolidate and retrace in the near term

looking for 1000 pips
Attached Image (click to enlarge)
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Don't Worry Be Happy
  • #24,132
  • Edited 1:23pm May 30, 2017 1:05pm | Edited 1:23pm
Quoting cat
{quote} Not sure why the spread would scare anyone, I have it at 2.5 with my broker, and some offer it at less than 1 pip. Considering that its range is three times that of EU, how can an extra pip or two on the spread possibly be a factor on whether to trade it or not. I have often asked myself why more people don't trade this pair, and I can only put it down to its reputation as being a fast moving pair, but what do traders want, the opportunity to make 40 pips per day, or 140!! And you're right Quickiepip, it is certainly no more difficult to...
They all say that ... Most end up in dragons grave eventually. The volatility Is the issue as can go against you. The situation that kills people is over confidence and no use of sl . Also often the money management is wrong , pips too high and even with sl large loss with small wins eventually ending them to.
  • #24,133
  • May 30, 2017 1:44pm May 30, 2017 1:44pm
Quoting Pip-Miner
{quote} They all say that ... Most end up in dragons grave eventually. The volatility Is the issue as can go against you. The situation that kills people is over confidence and no use of sl . Also often the money management is wrong , pips too high and even with sl large loss with small wins eventually ending them to.
You speak for trading in general, not just for GJ. If you know how to trade, GJ is a great pair. If you don't, it'll kill you just like any other pair.
  • #24,134
  • Edited 2:24pm May 30, 2017 2:04pm | Edited 2:24pm
Quoting cat
{quote} You speak for trading in general, not just for GJ. If you know how to trade, GJ is a great pair. If you don't, it'll kill you just like any other pair.
Your missing the point , this one is probably the most dangerous. I say this even knowing how to trade it. wasn't called dragon for no reason.
  • #24,135
  • May 30, 2017 2:46pm May 30, 2017 2:46pm
Quoting smilemiz
update {quote} previous post: https://www.forexfactory.com/showthr...67#post9910067 more details in hour timeframe Obviously look so clear the polarity of Gann with ending diagonal counts and length probable to y = 100% w (as I said earlier on average price 140.5 or more around 61.8% fibonacci r (updated on 2nd attachment/chart) last ending diagonal triangle of Elliotwave consideration {quote} {quote} right now observation {image} {image}
selling time
  • #24,136
  • May 30, 2017 2:51pm May 30, 2017 2:51pm
Quoting smilemiz
{quote} selling time
Bro ru selling till 140.5 ??
  • #24,137
  • May 30, 2017 3:30pm May 30, 2017 3:30pm
Personally I love the dragon... nice big moves... never boring...lol I don't trade with a sl I lr(loss recovery) I was putting up pretty good numbers until XM kick all the Canadians out...lol still not sure about IC Markets... but oh well
I'll pick up the crumbs don't need the whole pie
  • #24,138
  • May 30, 2017 3:46pm May 30, 2017 3:46pm
Quoting Quickiepip
Personally I love the dragon... nice big moves... never boring...lol I don't trade with a sl I lr(loss recovery) I was putting up pretty good numbers until XM kick all the Canadians out...lol still not sure about IC Markets... but oh well
I love it to bro. Love the volatile down moves , smashing stop losses, resistance points , big large candles baby alla vista haha
  • #24,139
  • May 30, 2017 4:26pm May 30, 2017 4:26pm
My dragon, isn't she been nasty now some structural damage occurring . Watch out for the quick buy though
  • #24,140
  • Edited 4:46pm May 30, 2017 4:33pm | Edited 4:46pm
Quoting Pip-Miner
My dragon, isn't she been nasty now some structural damage occurring . Watch out for the quick buy though
Out short , looking short again 142, 142.5 143 if opportunity arises
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