Dragon Riders GBP/JPY

Been long @ 141.76, I will TP around the H4 200 SMA @ 143.00. Stop is already at BE +2. So risk free trade for around a 40% ROI reward.

Target 140.490

Done lock + profit...waiting for almost 100 pips to TP....

Ok. boys, watch this move down carefully. Might be a correction or something bigger. Just in case, closed my long in profit and placing a pending order sell @ 142,070, SL. 142.300 (tentative). No TP. Anyway, if you take the bear, be aware that will be against 200 EMA.

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2017.06.26 09:00 1d,2d,3d
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r : range ; u : up; d : down .
( 2u && 3u ) long only
( 2d && 3d ) short only

It's been rejected as the 200EMA on the Daily, H4, H1 and the M15... We're going to play in this area, I'm still waiting for a little more of a pullback to 141.40 before we make the slow grind up... 142.50 is key because that's last weeks high.

Are you still holding your short?

1st target 141.690
2nd target 141.535
3rd target 141.364(most ambitious)

NO , I close previous short with +3 pips only[ max pips +22], but after that re-short .
so this short is not previously short .
* I will loss money if no trending . sad face

--- ECB Draghi will speak soon. Hopefully that will define better the market. Still holding short but will tighten my SL. Also, will place a buy order @ 142.300 just before Drahgi´s.




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I think you're safe to hold if you're still short.

I'll be bearish (as long as it doesn't break 142.50) and I'm expecting to TP at 140.

I cheated and hold over the weekend... I know its risky, but it worked out well

Oh I trust you, it's the Dragon I don't trust

The Yen is going up again, and this time I am not sure if the (relatively bearish) GBP/USD will be able to prevent GBP/JPY from going up.

In any case I have the feeling we are going to deal with another VERY messy week (as far as the Pound is concerned), with many sudden and unexpected reversals that appear out of nowhere.

Ok., closed at breakeven.

Placing a pending order long @ 142,250 in advance Drahgi´s speech. Just following 200 EMA trend.



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That speech started more than 2 hours ago in Lisbon (Portugal), right?

--- Not according my FF News Indicator

That's odd, on the calendar from DailyFX it started at 11 AM (New York time, 3 PM London):
https://www.dailyfx.com/calendar.

I am long GBP/JPY at 142.00, 35 pip stop.

--- Long @ 142,07, SL. 30 pips

So let's get ready to rumble!!!

Draghi's speech will do nothing to pound. The market is range bound. The complete middle east is celebrating eid and there is no volume. Dont expect any big moves, and dont expect Dragon to go long either. Watch yen and pound. When one goes up the other comes down and vice versa. Rest you are more experienced.

Plus, do not trade dragon on Wednesday the governors of BOE and BOJ are speaking at the exact time. However, I think on Wednesday if anyone is willing to take the risk they can go both long and shot with T/Ps in place and praying that both T/p get hit.

Currently, you can go short on USD/JPY till 111.45 and then go long from there till 111.65.

Presently, only USD is driving the market. Hence, GBP/USD and USD/JPY are concurrently moving in opposite directions (see the candles for the last few hours yourself)

However, do not expect any big move. You can scalp twenty pips from here and there. The market is nearly dead.

Tomorrow wait for the BOE statement and Carney:s speech. Expect volatility then. IG the market shoots up then sell after it settles down. IF it falls down then buy after it settles down.

Today there was an opportunity in Gold. Due to Eid the Arabs in Dubai create a false move. They do it every eid. It fell to 1237 from where it was supposed to be bought. Once the USD data came in it moved up and is now at 1245. Gold moves against the dollar most of the times. At times it can surprise you too though.

Apart from that the market is range bound. Dont expect Dragon to go above 142.30 or below 141.80.