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Dragon Riders GBP/JPY

  • #12,461
  • Nov 5, 2015 2:21am Nov 5, 2015 2:21am
Looks like it's broken the channel resistance now. It will be interesting to see if it continues on or tries to come back after the news tonight.
  • #12,462
  • Nov 5, 2015 2:28am Nov 5, 2015 2:28am
Put my Sell limit around 187.9 - 188.2
  • #12,463
  • Nov 5, 2015 3:04am Nov 5, 2015 3:04am
Next up target 188.00
Exits == most important part of your strategy
  • #12,464
  • Nov 5, 2015 3:57am Nov 5, 2015 3:57am
Quoting alexpi
{quote} Could be so, for now I'm out. IMO during the past 9-10 hours GBP has been flat and hence GJ has taken on its usual perfect correlation with UJ. We'll see where we are in 2 hours
Yes, the upcoming 1 hour will be important for the GBP.
  • #12,465
  • Nov 5, 2015 3:57am Nov 5, 2015 3:57am
Quoting roger44
{quote} I agree with you. You showed us that there are three cycles and the current segment of the past two cycles had five consecutive blue (green on the below chart) candles so it can be expected so for the current segment of the current cycle. {image}
Great one
  • #12,466
  • Nov 5, 2015 4:05am Nov 5, 2015 4:05am
I short at 187.43 , closed at -6 pips before news becuz scare Oanda spread spike to 30 pips ....sad ,
If not now at >+50 pips.
Exits == most important part of your strategy
  • #12,467
  • Nov 5, 2015 4:08am Nov 5, 2015 4:08am
Quoting edmun1388
I short at 187.43 , closed at -6 pips before news becuz scare Oanda spread spike to 30 pips ....sad , If not now at >+50 pips.
Ouch. Sorry to hear bro. Are you with ECN or Market Maker mate?

I was -50 pips in loss due to an early short on GBPJPY and the news comes out suddenly I'm +20 pips in profit.
Thank you lord
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15 +15 PIPS NEWS WENT OUR WAY.png Size: 18 KB
  • #12,468
  • Nov 5, 2015 4:21am Nov 5, 2015 4:21am
Solid Not even mad I missed the trade, just gonna pour a cup of tea and watch the fireworks. Glad to be out of the balefire
  • #12,469
  • Edited 5:20am Nov 5, 2015 4:26am | Edited 5:20am
Quoting Dimi.A
{quote} Ouch. Sorry to hear bro. Are you with ECN or Market Maker mate? I was -50 pips in loss due to an early short on GBPJPY and the news comes out suddenly I'm +20 pips in profit. Thank you lord {image}
I with my 2k normal account at Oanda , trade my own .I can catch 15-20 pips anytime , but I aim +50 pips / trade now .
So I am now analysis trade that can produce +50 pips only and hope can make it in next month becuz my pocket mo0ney not allow me take more time to study GJ.


** just like previous drop , if I not scare Oanda high spread at news time [ 30 pips] , my gain now is > +100 pips

** note : I already close to the target I want , and I can choose and know which trades possible give > 50 pips and which trades give 10-35 pips , and also know when its possible ranging.
Exits == most important part of your strategy
  • #12,470
  • Nov 5, 2015 5:32am Nov 5, 2015 5:32am
Might reverse now?
Energy, frequency and vibration.
  • #12,471
  • Nov 5, 2015 6:51am Nov 5, 2015 6:51am
Quoting Gbp/jpy
On the 15 M....Tanken sen slam.... sell 186.84

High 5's My guys me too. Sold from 186.90
Be humble or be humbled.
  • #12,472
  • Nov 5, 2015 6:53am Nov 5, 2015 6:53am
Quoting alexpi
Shorted the departure of 187.3/4. Keeping this tight, SL at 187.45 and looking for 186.6
A big Cramer BOO YA to ya. Nice.
Be humble or be humbled.
  • #12,473
  • Nov 5, 2015 6:58am Nov 5, 2015 6:58am
Quoting Temujin
{quote} A big Cramer BOO YA to ya. Nice.
Got booted out of that one prior to the drop. Happens.
  • #12,474
  • Nov 5, 2015 7:04am Nov 5, 2015 7:04am
Sorry Alex, maybe 184.70 to buy? 220 EMA on daily chart. Pretty solid footing.
Be humble or be humbled.
  • #12,475
  • Nov 5, 2015 7:26am Nov 5, 2015 7:26am
NFP tomorrow. Rate hike expected in December. Citi expects 200K plus jobs added. The market is probably immune to it by now. All priced in.
Be humble or be humbled.
  • #12,476
  • Nov 5, 2015 7:27am Nov 5, 2015 7:27am
that top was the wave 5 high.....now what about tonite's buy....I wonder

Attached Image (click to enlarge)
Click to Enlarge Name: 555555.png Size: 1.4 MB
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  • #12,477
  • Nov 5, 2015 7:29am Nov 5, 2015 7:29am
H1 trend broken, trying a short. Being at work lead to missing a huge opportunity, but maybe that was the retest:
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 24 KB
Fix up, trade sharp ...
  • #12,478
  • Nov 5, 2015 7:36am Nov 5, 2015 7:36am
Quoting alexpi
{quote} Got booted out of that one prior to the drop. Happens.
Me too ... I think it was 15 pips ... but what can you do
Fix up, trade sharp ...
  • #12,479
  • Nov 5, 2015 7:57am Nov 5, 2015 7:57am
Rally up from 184.50 on the good NFP numbers? Many events still pending for a capitulation to occur and too many weeks left in the year to reverse now.
Be humble or be humbled.
  • #12,480
  • Nov 5, 2015 9:03am Nov 5, 2015 9:03am
Wow, the BOE hinted that they can keep interests rate increases on hold into 2017 even! This along with the BOJ holding it's fire on OCT 30 means GBP/JPY has been walking past the solid cliff footing and treading on air for a while now.

I've been reading bank forecasts for GBP/USD at 1.48 and lower. This is much more likely now. Any upward moves are just fluff or a correlation with USD/JPY. There are just no fundamentals present anymore. No central bank policy drivers for it to be the raging bull it used to be.

From now on I will sell any significant upward climb to a meaningful resistance. GBP/JPY is a SELL.
Be humble or be humbled.
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