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Dragon Riders GBP/JPY

  • #24,741
  • Jun 25, 2017 6:39pm Jun 25, 2017 6:39pm
Quoting bigboss
{quote} If it falls and close below 141.400, I will sell
I am short GBP/JPY at 141.71, 20 pip stop.
Let's go Dragon.
  • #24,742
  • Jun 25, 2017 6:42pm Jun 25, 2017 6:42pm
I'm going to wait for London, more feed
  • #24,743
  • Jun 25, 2017 6:48pm Jun 25, 2017 6:48pm
Quoting Pip-Miner
I'm going to wait for London, more feed
It's easy for you guys to wait for London, you are in Europe.
But for us US East Coast traders it's quite another story, it's very very AM (4 AM here when London opens).
Attached Image
  • #24,744
  • Jun 25, 2017 6:57pm Jun 25, 2017 6:57pm
Quoting Mr Breakout
{quote} It's easy for you guys to wait for London, you are in Europe. But for us US East Coast traders that's quite another story, it's very very AM. {image}
hehe babies and little Bulls, we wouldn't want to harm any of them.
  • #24,745
  • Jun 25, 2017 7:02pm Jun 25, 2017 7:02pm
Quoting Pip-Miner
{quote} hehe babies and little Bulls, we wouldn't want to harm any of them.
  • #24,746
  • Jun 25, 2017 7:23pm Jun 25, 2017 7:23pm
--- Run rabbit, run rabbit, run run run.....
Farmer is coming with his gun, gun, gun......


------ ------
  • #24,747
  • Edited 8:05pm Jun 25, 2017 7:46pm | Edited 8:05pm
Quoting Mr Breakout
It will probably try to break Friday's high (141.90).
Stopped out, minus 20 pips.
That breakout from a H&S was real after all, and it did reach the expected target, according to the measured move principle.

Now the last possible stop before (the expected) reversal is 142.10

So far no serious follow-through after the price touched Friday's high.
  • #24,748
  • Jun 25, 2017 8:10pm Jun 25, 2017 8:10pm
Quoting bigboss
--- Run rabbit, run rabbit, run run run..... Farmer is coming with his gun, gun, gun...... ------ ------
Still waiting for that close below 141.40 to go short?
  • #24,749
  • Jun 25, 2017 8:36pm Jun 25, 2017 8:36pm
Some kind of ascending channel on the 1-min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gy1min.png Size: 129 KB
  • #24,750
  • Jun 25, 2017 8:40pm Jun 25, 2017 8:40pm
Quoting Mr Breakout
Some kind of ascending channel on the 1-min chart. {image}
very bullish currently , but not enough volume to break through so might range for a while until London.
  • #24,751
  • Jun 25, 2017 9:19pm Jun 25, 2017 9:19pm
Quoting Pip-Miner
not enough volume to break through so might range for a while until London.
That much is true, this lazy mule won't move until London.
  • #24,752
  • Jun 25, 2017 9:24pm Jun 25, 2017 9:24pm
Quoting Mr Breakout
{quote} That much is true, this lazy mule won't move until London.
yeah been telling you for how long lol
  • #24,753
  • Edited 9:52pm Jun 25, 2017 9:33pm | Edited 9:52pm
Quoting Pip-Miner
{quote} yeah been telling you for how long lol
Yeah I know, I know.

The Yen is very sneaky during the Asian session, it moves very very slowly, under the radar, 7 pips here, 4 pips there, and the next thing you know you are down 60 pips or more with all these small moves.
  • #24,754
  • Jun 25, 2017 10:27pm Jun 25, 2017 10:27pm
with a bag of resistance at 142.25... last weeks high at 142.50.... I see a bit of sideways movement, with a bit of down before we start to climb
I'll pick up the crumbs don't need the whole pie
  • #24,755
  • Jun 25, 2017 10:37pm Jun 25, 2017 10:37pm
Quoting Mr Breakout
{quote} Still waiting for that close below 141.40 to go short?
--- Yea. Meanwhile, I am long, as I said before......


141.40 is my line in the sand for today. Everything above is buy. Everything below, is sell.

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  • #24,756
  • Jun 25, 2017 10:54pm Jun 25, 2017 10:54pm
Quoting Quickiepip
I see a bit of sideways movement, with a bit of down before we start to climb
This is precisely the "down bit" we are interested in, the uptrend will then take care of itself
  • #24,757
  • Jun 25, 2017 11:25pm Jun 25, 2017 11:25pm
As a side note the Yen is trapped inside a 5-min descending channel at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: yen5min.png Size: 161 KB
  • #24,758
  • Jun 25, 2017 11:44pm Jun 25, 2017 11:44pm
it hasn't broken the previous weeks high since April.....
I'll pick up the crumbs don't need the whole pie
  • #24,759
  • Jun 25, 2017 11:50pm Jun 25, 2017 11:50pm
Quoting Quickiepip
it hasn't broken the previous weeks high since April.....
What April's high exactly, I don't see any?
  • #24,760
  • Jun 26, 2017 12:02am Jun 26, 2017 12:02am
140.05 high set march 31st preached april 19th broken april 24
I'll pick up the crumbs don't need the whole pie
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