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Attachments: Dragon Riders GBP/JPY
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Dragon Riders GBP/JPY

Waiting for this to tank be like...

http://www.desicomments.com/dc1/11/150678/150678.jpg
Careful if sellin......good size move up if it wants....one hour candles....idk

page 1194.....lucky number
Do any of you have any out of the normal high spreads with GBPJPY today?

I would normally get 1 pip spread by the London open but today the spread has been 4-5 pip Asian and 3-4 pip London with IC markets.



Edit.. Bank Holiday
Dragon Rider
oanda spread >5.0 to 7.5 pips
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M30
Exits == most important part of your strategy
Quoting S.Fx
Hi guys, new member here. Just sharing, G/J will probably hit [email protected], [email protected] or [email protected] and when it hits and closes above S1 (Daily Fib level 50.0%) we might see a reversal up to 143.32x. Will link a TE to start trading and sharing in FF. Green pips to all S
As predicted earlier, price is now at S2. If daily candle closes above 136.09x, we can look forward for a long position to 143.32x (Probably a week or more), I might be wrong but still hope to share.

Happy trading and have a good weekend all,

Green pips!

S
drop again ?
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hope can TP 135.700
Exits == most important part of your strategy
When you see thread that start with few indicators , then add more and more indicators to his/her system , you can ignore it.
But if you see thread that start with more indicators and slowly less , then follow it.
Exits == most important part of your strategy
Quoting edmun1388
drop again ? {image} hope can TP 135.700
Gap down most likely,yen safe haven due political tensions.
Quoting Pip-Miner
{quote} Gap down most likely,yen safe haven due political tensions.
I would think so, but somehow, someone doesn't want yen to get too strong. I daytrade and was trading GBP/JPY, EUR/JPY, AUD/JPY, GBP/JPY and USD/JPY for the past week. I noticed that while yen safe haven buying was true on a general whole (hence I had a decent week), the yen is also "prone" to surges of weakness. BOJ has already publicly mentioned that it doesn't do good for an overvalued yen and we know yen strength=Nikkei tumbling which I'm sure is not what Abe wants.

I think the yen safe haven idea is generally true, but we might want to exercise more caution. I was caught OTM by as much as 50 pips during the week, not a good feeling.

Just my two cents.

Have a good weekend!
Buy orders at 135.19 big time.....primitive lines from long ago already looking pretty there
Quoting Gbp/jpy
Buy orders at 135.19 big time.....primitive lines from long ago already looking pretty there
Do you think this is the turn around, or will it go even lower?
Quoting Phil1234
{quote} Do you think this is the turn around, or will it go even lower?
Going even lower would easily be my guess.

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Quoting TGS
{quote} Going even lower would easily be my guess. {image}
Hi TGS. Always nice to hear your comments.

Don't you think there will be a retrace? After all, yen pairs love to retrace.
Quoting ThreeHalf
{quote} Hi TGS. Always nice to hear your comments. Don't you think there will be a retrace? After all, yen pairs love to retrace.
I suppose there would be minor trend changes but, things are heading to 133.450 on my end. As for any signs reversal or retrace, I'm just not seeing anything that would indicate this.
Quoting TGS
{quote} I suppose there would be minor trend changes but, things are heading to 133.450 on my end. As for any signs reversal or retrace, I'm just not seeing anything that would indicate this.
Don't get me wrong, I'm with you that GBP/JPY should be tracking further downside. I'm just thinking there should be a retrace and that would be for me to get new shorts in. Cheers.
I have re-evaluate my analysis. I forgot Something.

1. First we have bearish Engulfing candle at Weekly GJ
2. Bearish BAT pattern GJ.
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Yep, going down.....
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Quoting ThreeHalf
{quote} Don't get me wrong, I'm with you that GBP/JPY should be tracking further downside. I'm just thinking there should be a retrace and that would be for me to get new shorts in. Cheers.
So indeed after days of extreme overbought of the yen, we see a strong retrace today. Cheers.
Quoting ThreeHalf
{quote} So indeed after days of extreme overbought of the yen, we see a strong retrace today. Cheers.

soon drop back to 135
email me : pipspro88@gmail
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