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Enter The Dragon - GBP/JPY 2 replies

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Dragon Riders GBP/JPY

Quoting ThreeHalf
{quote} First off, I believe we're all here to make green pips and should be more supportive of each other. I have a similar goal as you to be honest-you are aiming for 5% daily, while I am aiming for 3.5% daily (hence my username). I would be very happy if you have a journal to share or be willing to share your thoughts in mine. It is interesting because right now, I think a lot is weighing on Brexit. I think any negative news against the UK might also cause people to pull out from the Euro. After all, a messy break-up doesn't bode well...


GJ and GU seem to trade tick for tick for most of the time on the tick charts with GJ having a wider range. One good thing about the market is that when a move happens, like an unexpected Ticker crossing event, it will result in a pair moving one way quickly, without the initial shift being a whiplash. So moments like Gaps, when an instrument closes at its weekly high or low... It almost always Gaps. which is why I am Bias on having sold GBP/JPY going into the weekend. If it happens, I should hit more than 35% profit on that one trade, hopefully it is a huge 250 pip gap and recovery
I'm your unknown friend!
Quoting RainBowDash
{quote} GJ and GU seem to trade tick for tick for most of the time on the tick charts with GJ having a wider range. One good thing about the market is that when a move happens, like an unexpected Ticker crossing event, it will result in a pair moving one way quickly, without the initial shift being a whiplash. So moments like Gaps, when an instrument closes at its weekly high or low... It almost always Gaps. which is why I am Bias on having sold GBP/JPY going into the weekend. If it happens, I should hit more than 35% profit on that one trade, hopefully...
Well, if that happens and I'm not quick enough to catch it, then well, I have to look at other trades for Monday. Lol.
Why doesn't this show on our homepage @admin
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I'm your unknown friend!
ahh GBPJPY, maybe my favourite pair. can always count on nice big moves even on the slow days.


trying to catch those moves is the fun part
Quoting digger1
{quote}As stated before ,nothing written in stone lol, anything is possible ,,,,,,,,,,,,,,,,,,,,very stark differences between the 2 periods we are discussing ,,,,,,,never a bad idea to check a few jpy crosses when trading one ,,,,,,,several that are right around their daily 200 sma ,,a good point to keep track to see if something is more yen related as compared to the actual cross you are trading ,,,,,anyhow the dragon ,,,,,,,, the difference back in feb is the day closed with a break of a right shoulder or a bear flag after a big run up the daily...
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Arguing with the weekly pivot atm
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Quoting RainBowDash
{quote} Thanks again for your opinion, but the higher the TF the less accurate one's entry will be. The head and shoulder formation, al thought popular, is one of the hardest formations to predict before hand and even harder to guess the direction once it is confirmed, unless you are looking at it on the lower tf. Once a head and shoulder formation is confirmed, the next wave heads away from the head about 47% of the times, based on stats which I have seen. All in all we will have to wait to see what will happen, but the recommendations I have made...
Absolutely hate that ,,,,,,,,wish everyone made a bundle,,,,,, thats a lot of hard work up in smoke ,,,,,,,,,wasent giving an opinion to prove anything one way or the other ,,,,,,,,,was more or less trying to convey a bias will kill an acct eventually ,,,,,,,,,,look at what the charts are telling you ,,,,,, dont try and make charts support a bias ,,,,,,you will bounce back,,, keep those dukes up and keep swinging
Well that was a great rally.....want some advice....sell it.....for an hour and a half
Quoting Gbp/jpy
Well that was a great rally.....want some advice....sell it.....for an hour and a half
Lol,without the discussion after the close would not have probably even looked at this ,,,,,,,,little minor support points atm at the previous highs on the 15 min chart it has passed ,,,,,,,,, when the volume rush hits and the frankie fakeout wouldnt be suprised to see a quick drop back to todays open then another crack higher ,,,,,,all up to frankie now,,,,, I am happy with the ride up to the weekly pivot ,got a few runners left still a few daily tgts topside ,,stps in the money so it will be what it will be.
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Quoting Gbp/jpy
Well that was a great rally.....want some advice....sell it.....for an hour and a half
The 15 min projection puts it there ,,,,,a level it did get sold off from ,,,,,,,,patience is never a bad thing .
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amount of divergence showing up an any indicater you can think of or clutter your chart with on longer time frame charts wouldnt be suprised to see it all the way back to highs at 139 ish sometime early this week ,,,,,,,,,,,,but one hour at a time lol
Quoting RainBowDash
Why doesn't this show on our homepage @admin {image}
Strong rally. I was caught in the EUR/JPY, hope your GBP/JPY shorts are fine.

Still thinking a push up up to the projection at some point in time ,,,,long from the mkt open basically ,,,,,,,,,,,,,,, to my friend ,,,,,, I had high hopes when I seen the leverage dropping on frankie open ,,,,,,,,sure you may have had a post already typed and ready to post ,,,,,,, I know your trade platform is probably about overheating atm, and I know your checking ,,,,,,,,,,,,,,I hope I can read it later for your sake ,,,,,,,,, no two time periods are ever the same even tho the mkts do the same things day after day,,,,,,,, the mkt said it was done going down for a bit on mkt open + the levels pointed out on longer time frames ,,,,,,, , then when the stop level was taken out ,,,then again on the frankie fakeout . If your mad at me I apologize ,,,,,,,,,,,,,but I wish somebody would have pointed a few things out to me when I was 1st trying to figure this crap out ,,,,,,,,,,,,,,,cost me a lot to learn a bias kills an acct ,,,,,,,,,,was hoping I could point that out without ruffling any feathers or seeing somebodies acct take a beating . .
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Great reading....I love the input, thanks..

need round here....smiley
Quoting digger1
Still thinking a push up up to the projection at some point in time ,,,,long from the mkt open basically ,,,,,,,,,,,,,,, to my friend ,,,,,, I had high hopes when I seen the leverage dropping on frankie open ,,,,,,,,sure you may have had a post already typed and ready to post ,,,,,,, I know your trade platform is probably about overheating atm, and I know your checking ,,,,,,,,,,,,,,I hope I can read it later for your sake ,,,,,,,,, no two time periods are ever the same even tho the mkts do the same things day after day,,,,,,,, the mkt said it was...
Quoting Gbp/jpy
Great reading....I love the input, thanks.. need round here....smiley{quote}
With such a strong run-up today, what do you think will happen to GBP tomorrow? Techs and MAs look bearish. Cheers.
Selling for 137.07........50 pips
The market is acting strangely.....I'm short term timing cause I had to give up on the beloved Aussie and cable acting right....he....he....buy coming right up in 50 minutes

Quoting ThreeHalf
{quote} With such a strong run-up today, what do you think will happen to GBP tomorrow? Techs and MAs look bearish. Cheers.
This sell could hit 136.91.... gonna buy there see if it works
They say stupid is as stupid does, and I was so stupid for holding on to that bias sell, when I could of reversed the order at the stop loss and profited that way. LUCKLY, I was able to short again at the top, but the last thing you want to do with any pair, especially GBP/JPY is sit and wait for it to come back, because when it doesn't, it will spell the end of your account. Hello to all GBP/JPY studs, lets make some money together today!
I'm your unknown friend!
Quoting ThreeHalf
{quote} Strong rally. I was caught in the EUR/JPY, hope your GBP/JPY shorts are fine.
19 hours ago, I felt as if I got hit with a rainboom! Luckly, I was able to take another short at Today's high and I rode that bad boy all the way down. The sad part is it cost me about 1000 gbp.
I'm your unknown friend!
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