Dragon Riders GBP/JPY | Page 1265 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Enter The Dragon - GBP/JPY 2 replies

Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Attachments: Dragon Riders GBP/JPY
Exit Attachments

Dragon Riders GBP/JPY

  • #25,281
  • Jul 6, 2017 2:58am Jul 6, 2017 2:58am
Attached Image
Attached Image
Idk......it's robby's drawing,
  • #25,282
  • Jul 6, 2017 7:32am Jul 6, 2017 7:32am
some SLs were hit.... confusing stance .... like a drunken dragon .....
  • #25,283
  • Jul 6, 2017 9:04am Jul 6, 2017 9:04am
--- US. crude oil inventories ahead. I think this new can break the range..... Be ready, boyz...!!!...


::::::
  • #25,284
  • Jul 6, 2017 10:37am Jul 6, 2017 10:37am
Great long trade on GJ at NY Cash Open.

GJ gets pulled down due to the risk off sentiment however its value lines do not sell off in line with it. Therefore there was a big discount on offer.

Attached Image (click to enlarge)
Click to Enlarge Name: RCvStzF.png Size: 107 KB



On the technical side can see the deltas where heavily bid all day showing. Entry at 146.16 or the safer trade is to wait for the low volume tap back onto the floor or even safer to trade away from that high vol node highlighted in the blue box

Attached Image (click to enlarge)
Click to Enlarge Name: 01WfyO6.png Size: 176 KB
Boxing clever since 76.
  • #25,285
  • Jul 6, 2017 10:45am Jul 6, 2017 10:45am
Quoting NMZee
{quote} principally, i agree with your views however my point was regarding the fomc minutes later. If minutes follow the same tone as the statement then uj will rise and will take gj with it. No doubt it looks expansive tickets buying at this price but 148.xx has definite attraction. Wouldn't be too surprised to see a 300 pips drop after 148.00
Closed my longs at 147.00 entered long again 146.20 .....copi whats your stab at tp..??...wild wild guess.
  • #25,286
  • Edited 10:58am Jul 6, 2017 10:47am | Edited 10:58am
Quoting NMZee
{quote} Closed my longs at 147.00 entered long again 146.20 .....copi whats your stab at tp..??...wild wild guess.
147 is the measured move up. good exit.
Lunch time in NY , traders will be taking profits
Boxing clever since 76.
  • #25,287
  • Jul 6, 2017 11:08am Jul 6, 2017 11:08am
Quoting copi88
{quote} 147 is the measured move up. good exit. Lunch time in NY , traders will be taking profits
Potential breakout in progress from an ascending channel on the cable (15-min), but quite frankly it's hard to tell what the pound is up to, as the first breakout to the upside quickly failed...

In any case all the GBP crosses (GBP/JPY included of course) are now concerned, so let's see.
Attached Image (click to enlarge)
Click to Enlarge Name: lxx.png Size: 138 KB
  • #25,288
  • Jul 6, 2017 11:14am Jul 6, 2017 11:14am
Quoting Mr Breakout
{quote} Potential breakout in progress on the cable (15-min), but quite frankly it's hard to tell what the pound is up to, as the first breakout to the upside quickly failed... {image}
GBP is getting dragged up because of the buying on the EUR. USD index is dropping and so GBPUSD will appreciate.
At the moment volume has dropped off quite a bit so the will have to go lower to pick up some liquidity if they want to continue the longs.

Watch for a low volume tap back into 1.2952 area with the EUR still bid.
Boxing clever since 76.
  • #25,289
  • Jul 6, 2017 11:21am Jul 6, 2017 11:21am
Quoting copi88
{quote} GBP is getting dragged up because of the buying on the EUR.
Yep, the stupid euro is lifting the cable up and about to reverse the whole weekly downtrend (from Sunday).
(I am short GBP/CAD so this does not help my position, but anything is still possible).
  • #25,290
  • Jul 6, 2017 11:31am Jul 6, 2017 11:31am
Quoting Mr Breakout
{quote} Potential breakout in progress from an ascending channel on the cable (15-min), but quite frankly it's hard to tell what the pound is up to, as the first breakout to the upside quickly failed... In any case all the GBP crosses (GBP/JPY included of course) are now concerned, so let's see. {image}
Seems like the cable breakout to the upside is about to fail again (see chart above).
If that's the case it could fall hard.
Good...
  • #25,291
  • Jul 6, 2017 11:38am Jul 6, 2017 11:38am
Quoting Mr Breakout
{quote} Yep, the stupid euro is lifting the cable up and about to reverse the whole weekly downtrend (from Sunday). (I am short GBP/CAD so this does not help my position, but anything is still possible).

Did you buy GU?
Said watch for a low vol tap into the 50 with EUR still bid..
Boxing clever since 76.
  • #25,292
  • Jul 6, 2017 11:39am Jul 6, 2017 11:39am
Quoting Mr Breakout
{quote} Seems like the cable breakout to the upside is about to fail again (see chart above). If that's the case it could fall hard. Good...
i would exercise care before deciding a reversal today, cable eyeing 3020 today, Gcad a good sell around 7000.
  • #25,293
  • Jul 6, 2017 11:44am Jul 6, 2017 11:44am
Quoting NMZee
{quote} i would exercise care before deciding a reversal today, cable eyeing 3020 today, Gcad a good sell around 7000.
my mistake G/cad was 6800. Sorry.
  • #25,294
  • Jul 6, 2017 11:48am Jul 6, 2017 11:48am
Quoting copi88
{quote} Did you buy GU?
No I bought GBP/AUD instead at 1.6950 (see my previous post two or three days ago) and sold 83 pips higher.
Yes it's still climbing but who cares, greed is not always good...
  • #25,295
  • Jul 6, 2017 11:54am Jul 6, 2017 11:54am
Quoting NMZee
{quote} my mistake G/cad was 6800. Sorry.
No problem.
I went short GBP/CAD at 1.68 precisely (around the 50% Fib), but it's still giving me a hard time as we speak.

Generally speaking, the Canadian dollar (and/or its crosses) is very hard to trade.
  • #25,296
  • Jul 6, 2017 12:13pm Jul 6, 2017 12:13pm
The market is waiting for the Employment reports (both US and Canadian), that's why we don't see any meaningful trend at the moment (except for the euro).
  • #25,297
  • Jul 6, 2017 5:27pm Jul 6, 2017 5:27pm
Bear trap all day.... and all I did was go long.... again and again... it was a good day!!!!
I'll pick up the crumbs don't need the whole pie
  • #25,298
  • Jul 6, 2017 5:37pm Jul 6, 2017 5:37pm
Quoting Quickiepip
Bear trap all day.... and all I did was go long.... again and again... it was a good day!!!!
Good for you, but it's not over yet, Thursday (today) could still be the high of the week, meaning the low of the week has not been printed yet (think NFP report for example...)
  • #25,299
  • Jul 6, 2017 5:44pm Jul 6, 2017 5:44pm
Quoting Mr Breakout
I went short GBP/CAD at 1.68 precisely (around the 50% Fib), but it's still giving me a hard time as we speak. Generally speaking, the Canadian dollar (and/or its crosses) is very hard to trade.
This trade was of course closed at break-even.
Oh well.
  • #25,300
  • Jul 6, 2017 6:14pm Jul 6, 2017 6:14pm
So this week the biggest mover was the Australian dollar and its crosses, the rest (like GBP/JPY) is just garbage.
5 traders viewing now