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Dragon Riders GBP/JPY

  • #24,281
  • Jun 13, 2017 1:36am Jun 13, 2017 1:36am
It seems to be real predictable putting zero on the last top

attach]IMG_0465.PNG;2351805[/attach]

its vellroni's chart he posted just now...137.07....135.00....154....164
Attached Image
  • #24,282
  • Jun 13, 2017 2:46am Jun 13, 2017 2:46am
Entry deal GJ long missed?
Try a Long GJ when the Nikkei Future is near or in the green box
Attached Image (click to enlarge)
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  • #24,283
  • Jun 13, 2017 5:32am Jun 13, 2017 5:32am
I believe it reversed on the 23.6 fib (roughly 138.5) which was wave 2 on my analysis. We'll see if this is the start of wave 3 all the way up to 168.8....
Attached Image (click to enlarge)
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Lost....
  • #24,284
  • Edited 6:34am Jun 13, 2017 6:12am | Edited 6:34am
Quoting gespiri
I believe it reversed on the 23.6 fib (roughly 138.5) which was wave 2 on my analysis. We'll see if this is the start of wave 3 all the way up to 168.8.... {image}
https://www.forexfactory.com/showthr...78#post9969478
#74
agree 138.5
168.8 is sooo fare away ... I cant see in your chart this point of interest marked (reason for 168,8)
  • #24,285
  • Jun 13, 2017 6:34am Jun 13, 2017 6:34am
Quoting Isabella_D
{quote} https://www.forexfactory.com/showthr...78#post9969478 #74 agree 138.5 168.8 is sooo fare away ... I cant see in your chart this point of interest marked
It is the 261.8 level....normally before or after that where wave 3 ends depending on PA and fundamentals.
Lost....
  • #24,286
  • Jun 13, 2017 7:23am Jun 13, 2017 7:23am
Quoting gespiri
{quote} It is the 261.8 level....normally before or after that where wave 3 ends depending on PA and fundamentals.
interesting, I am not familiar with waves - so I will see how your prediction is going on
  • #24,287
  • Jun 13, 2017 8:02am Jun 13, 2017 8:02am
Long 140.136 Target 140.837
Just 20 pips a day to riches
  • #24,288
  • Jun 13, 2017 9:36am Jun 13, 2017 9:36am
Wow, ridiculous! This Long trade has been more than 2 hours Long!
It won't go just because I entered, lol.
Looks like I have made a barrier at 140.136 from going up.
Maybe I should just exit to see the price skyrocket. hmm.
Just 20 pips a day to riches
  • #24,289
  • Jun 13, 2017 9:38am Jun 13, 2017 9:38am
Quoting FastPipn
Wow, ridiculous! This Long trade has been more than 2 hours Long! It won't go just because I entered, lol. Looks like I have made a barrier at 140.136 from going up. Maybe I should just exit to see the price skyrocket. hmm.
Yes, please exit, so we can see this sucker shoot up to my TP of 140.60.
Lost....
  • #24,290
  • Jun 13, 2017 10:04am Jun 13, 2017 10:04am
Quoting FastPipn
Wow, ridiculous! This Long trade has been more than 2 hours Long! It won't go just because I entered, lol. Looks like I have made a barrier at 140.136 from going up. Maybe I should just exit to see the price skyrocket. hmm.
I'm dying with laughs... thanks man made my day! Happens to me all the time, thought I was the only one...lol
I'll pick up the crumbs don't need the whole pie
  • #24,291
  • Jun 13, 2017 10:39am Jun 13, 2017 10:39am
Hello all,

I started trading GBP/JPY recently. So far so good. Wondering if there are any scalpers here.
  • #24,292
  • Jun 13, 2017 10:45am Jun 13, 2017 10:45am
M15 good day
Attached Image (click to enlarge)
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Exits == most important part of your strategy
  • #24,293
  • Jun 13, 2017 12:41pm Jun 13, 2017 12:41pm
Quoting Pip-Miner
London guys are madly shorting so watch out for the big boy short like yesterday.
Well, seems like these London traders changed their mind

Cordially.
  • #24,294
  • Jun 13, 2017 12:56pm Jun 13, 2017 12:56pm
GBP/JPY is now testing the important 76% Fib level (from beginning of the week).

This is the moment of truth folks, will this level stop the uptrend or are we witnessing a complete trend reversal...?

For traders who want to bet on the downtrend this level offers an excellent entry point.
  • #24,295
  • Edited 1:47pm Jun 13, 2017 1:29pm | Edited 1:47pm
I see 141.15 - 141.50 as sell zone. What do you guys think?

4hr chart
Attached Image (click to enlarge)
Click to Enlarge Name: gbpJpy_6_13_17.png Size: 51 KB
  • #24,296
  • Jun 13, 2017 2:29pm Jun 13, 2017 2:29pm
Bought GBP/JPY at 140.27, 40 pip stop.
  • #24,297
  • Jun 13, 2017 2:38pm Jun 13, 2017 2:38pm
Quoting vk79
I see 141.15 - 141.50 as sell zone. What do you guys think? 4hr chart {image}
Nah, GBP/JPY is going to fill the gap (142.30), my friend

Like I said earlier, GBP does not like gap, it makes "him" very nervous and moody.

But yes, there is a resistance at 141.15.
  • #24,298
  • Jun 13, 2017 2:43pm Jun 13, 2017 2:43pm
Quoting vk79
I see 141.15 - 141.50 as sell zone. What do you guys think? 4hr chart {image}
I would like to sell it litle bit higher 141.76-141.96.
This level means that GAP will be closed. Anyway its too tricky to have positions before BOE decision.
  • #24,299
  • Jun 13, 2017 2:59pm Jun 13, 2017 2:59pm
Quoting Mr Breakout
{quote} Nah, GBP/JPY is going to fill the gap (142.30), my friend Like I said earlier, GBP does not like gap, it makes "him" very nervous and moody. But yes, there is a resistance at 141.15.
Thanks

Quoting LatvianFX
{quote} I would like to sell it litle bit higher 141.76-141.96. This level means that GAP will be closed. Anyway its too tricky to have positions before BOE decision.
I will wait for 142 to sell.
  • #24,300
  • Jun 13, 2017 3:01pm Jun 13, 2017 3:01pm
Quoting LatvianFX
Anyway its too tricky to have positions before BOE decision.
True, but the payoff can also be huge...

And most of the time, financial reports just boost an already existing trend.
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