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Dragon Riders GBP/JPY

  • #25,121
  • Jul 2, 2017 5:09pm Jul 2, 2017 5:09pm
lets see how Nikkie behaves on open
  • #25,122
  • Jul 2, 2017 5:09pm Jul 2, 2017 5:09pm
The Dragon is trying to fill the gap.
Good.
  • #25,123
  • Jul 2, 2017 5:24pm Jul 2, 2017 5:24pm
Quoting Noob Trader
lets see how Nikkie behaves on open
The Yen and the Nikkei are sometimes positively correlated and sometimes negatively, so we cannot always use that Index to predict the direction of the USD/JPY.
  • #25,124
  • Jul 2, 2017 5:27pm Jul 2, 2017 5:27pm
Quoting Noob Trader
{quote} time to load short, but being friday...i will look into it on monday... gradual shorts be added.. can spike to 146.55 lets see what comes up on monday.
nice, bottom and top
  • #25,125
  • Jul 2, 2017 5:53pm Jul 2, 2017 5:53pm
Quoting Mr Breakout
{quote} The Yen and the Nikkei are sometimes positively correlated and sometimes negatively, so we cannot always use that Index to predict the direction of the USD/JPY.
I am not talking about correlation between JPY and nikkie but yes it should give some sentiment overview on how politics gonna behave in Japan.
  • #25,126
  • Jul 2, 2017 5:54pm Jul 2, 2017 5:54pm
Quoting juhanimi
{quote} nice, bottom and top
Thanks
  • #25,127
  • Jul 2, 2017 6:34pm Jul 2, 2017 6:34pm
Japan Tankan Index in less than 20 minutes, let's see if it moves the Yen.
  • #25,128
  • Jul 2, 2017 6:53pm Jul 2, 2017 6:53pm
Quoting Mr Breakout
{quote} Such an entry order would be foolish because the market could gap 200 pips or more against the trader, taking all the profits he painfully accumulated during the week, or the month. Your explanation also implies that if the market has been in an uptrend the whole week, including Friday, it will automatically gap down on Sunday (and vice versa for downtrends).
you don't understand lets move along
I'll pick up the crumbs don't need the whole pie
  • #25,129
  • Jul 2, 2017 7:02pm Jul 2, 2017 7:02pm
Quoting Quickiepip
{quote} you don't understand lets move along
Whatever you say.
  • #25,130
  • Jul 2, 2017 7:16pm Jul 2, 2017 7:16pm
Quoting Mr Breakout
The Dragon is trying to fill the gap.
USD/JPY already filled its own gap and went down, that's probably why GBP/JPY is going down a bit.
  • #25,131
  • Jul 2, 2017 7:17pm Jul 2, 2017 7:17pm
Quoting Mr Breakout
{quote} USD/JPY already filled its own gap, that's probably why GBP/JPY is going down a bit.
GBP/JPY gap may or may not be filled as its not direct pair but dependent
  • #25,132
  • Jul 2, 2017 7:18pm Jul 2, 2017 7:18pm
Quoting Mr Breakout
{quote} USD/JPY already filled its own gap, that's probably why GBP/JPY is going down a bit.
Bearish for gbp/jPY? Please enlighten for the s1
  • #25,133
  • Jul 2, 2017 7:19pm Jul 2, 2017 7:19pm
Quoting Noob Trader
{quote} GBP/JPY gap may or may not be filled as its not direct pair but dependent
Well the (positive) correlation between GBP/JPY and USD/JPY exceeds 80%.
  • #25,134
  • Jul 2, 2017 7:30pm Jul 2, 2017 7:30pm
Quoting Mccc
{quote} Bearish for gbp/jPY? Please enlighten for the s1
keep 145.68 & 146.55 as alternative lvl
  • #25,135
  • Jul 2, 2017 8:05pm Jul 2, 2017 8:05pm
It seems that a lot of buyers were waiting at the 145.90 level.
  • #25,136
  • Jul 2, 2017 8:14pm Jul 2, 2017 8:14pm
The Dragon is now testing 146, hopefully for the last time.
  • #25,137
  • Jul 2, 2017 8:14pm Jul 2, 2017 8:14pm
Quoting Mr Breakout
{quote} Well the (positive) correlation between GBP/JPY and USD/JPY exceeds 80%.
I would say that all YEN pairs are 100% correlated, differences appears only when trend changes
  • #25,138
  • Jul 2, 2017 8:18pm Jul 2, 2017 8:18pm
https://www.forexfactory.com/showthr...82#post6674382
  • #25,139
  • Jul 2, 2017 8:20pm Jul 2, 2017 8:20pm
Quoting juhanimi
{quote} I would say that all YEN pairs are 100% correlated, differences appears only when trend changes
A 100% correlation does not exist, unless of course the two currency pairs are artificially pegged at parity.
  • #25,140
  • Jul 2, 2017 8:24pm Jul 2, 2017 8:24pm
Quoting juhanimi
https://www.forexfactory.com/showthr...82#post6674382
Thanks for indicator.
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