Dragon Riders GBP/JPY
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Thread: Dragon Riders GBP/JPY

  1. #1
    This thread is devoted to most dragon riders out there. People who are willed to confront their fears and weaknesses.

    #Rule 1: Trading only. [Fun is permitted though]

    #Rule 2: No ego-garbage, nobody is interested. If you look for focus or have emotional difficulties, find a shrink.

    #Rule 3: Should you feel to have the monopoly on the fact, you're not welcome. We dont want Guru's or secrets.

    #Rule 4: No industrial associates or agendas.

    #Rule 5: No trolling, I wont waste my time consuming you and Im not interested in your view either. Stay away.

    #Rule 6: Additional people's intellectual property must be marked as such.

    Should you feel like contributing, understanding and concentrate on trading only without any timewasting BS mentioned previously: you're welcome.

    Different opinions and perspectives available on the market are welcome and appreciated!

    Recommended read:
    Principals and Behavior of Daytrading - By George Slezak

    Risk Disclaimer:

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indiive of future results. The high degree of leverage can work against you and for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists you could sustain a loss of some or all of your initial investment and therefore you shouldn't invest money you cannot afford to lose.
    Any opinions, news, research, analyses, prices, or other information included on this thread is provided as general market commentary and doesn't constitute investment advice. And contributors won't accept liability for any loss or damage, including without limitation to, any loss of profit, which might arise directly or indirectly from use of or reliance on such advice.

  2. #2
    Quote Originally Posted by ;
    quote It just lasted to 150.50, now it's rallying again. Let us see whether there will be a breakout over 153.84.
    Closed my short and now I am just watching

  3. #3
    heck, I even found this bearish crab pattern together with my naked eye (fascination)

    incidentally, I enter selling at 149.10 tuesday in London final time

    but today price has found buyer directly after Tokyo open

    I have just been blessed to pocket a profit in 148.80

    currently anticipating for more powerful rejection candles over Tokyo open degree

    may even reevaluate yesterday's high at 149.37 before restarting downtrend

    we have also a confluence supply zone (38.2% downtrend retracement from Feb to March in 149.40)

    150.00 might be the monthly pivot for GBPJPY, provided below 150, we should expect this pair to collapse


    upgrade: I repeat short at 149.00 , together with SL in 149.40 and continue to stay my short bias dependent on the completion of crab pattern (completely matching all fibo measurement criteria)

    TP 1: 148.17 (B swing stage)

    TP two: 147.42 (A swing stage)


  4. #4
    Decision points calendar week 48 for GBP/JPY:

    (1) 191.40/20
    (2) 187.60/40
    (3) 185.60/40
    (4) 183.20/00
    (5) 181.20/00
    (6)) 177.80/60
    (7) 175.40/20
    (8) 177.80/60
    (9) 170.40/20
    (10) 167.40/20
    (11) 161.80/60

    Template attached.

  5. #5
    Nicely done, much awaited thread!

  6. #6
    Quote Originally Posted by ;
    Well done, much awaited thread!
    Appreciated, You're always welcome workingforex

  7. #7

  8. #8
    We are at DP (3) 185.60/40, it shows where it goes next from here.

  9. #9
    Oh hi, this is where you have moved to. Immediate subscription lol

  10. #10
    Quote Originally Posted by ;
    We are at DP (3) 185.60/40, it shows where it goes from here.

    Got shorts @ 185.60/50/40; gonna bail out above 185.80; Target optimally DP (4) 183.20/00. It depends on momentum, I would likewise be willed to take profits at 1/4 185.00/80?1/2 184.40/20 or 3/4 183.80/60; If I bail above 80ish im flat.

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