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Dragon Riders GBP/JPY

  • #27,241
  • Oct 18, 2017 10:01am Oct 18, 2017 10:01am
Quoting MoneyFocus
I took a short long ride for $220 just now..but be wary...GBP is looking sluggish today.
Good for you. It's slowly but surely going for it. Patience is required. I sincerely hope it's not going to be stucked in a tight +-15 pip range again
Never Ever Give Up
  • #27,242
  • Oct 18, 2017 10:05am Oct 18, 2017 10:05am
looking for 149.000
Just 20 pips a day to riches
  • #27,243
  • Oct 18, 2017 10:42am Oct 18, 2017 10:42am
Quoting FastPipn
looking for 149.000
Just stopped before 149 but hopefully it will break through
Never Ever Give Up
  • #27,244
  • Oct 18, 2017 11:14am Oct 18, 2017 11:14am
Quoting sumar
{quote} Just stopped before 149 but hopefully it will break through
If you were to ask me to hazard a guess, I would say this pair will slowly disappear into the darkness. It won't make a new high/149.

Just my two cents. Could be wrong. But I hope I'm right because I took a short...lol. Targeting a retrace to .70s ish.

We have to wait for tomorrow to see 149. I think we will.

EDIT: OK, guess I'm wrong. Still believe we will see a retrace to .70s, so I'm holding my shorts.
  • #27,245
  • Oct 18, 2017 11:16am Oct 18, 2017 11:16am
Quoting MoneyFocus
{quote} If you were to ask me to hazard a guess, I would say this pair will slowly disappear into the darkness. It won't make a new high/149. Just my two cents. Could be wrong. We have to wait for tomorrow to see 149. I think we will.
If my guestimate is correct probably even higher than 149. Why? Normally when UJ goes up GU goes down. But, at this case GU is holding and is not going down. I won't be surprised if both UJ and GU goes up tomorrow. If I'm right then tomorrow GJ might be a rocket ship up.
  • #27,246
  • Oct 18, 2017 11:23am Oct 18, 2017 11:23am
Quoting MoneyFocus
{quote} If you were to ask me to hazard a guess, I would say this pair will slowly disappear into the darkness. It won't make a new high/149. Just my two cents. Could be wrong. But I hope I'm right because I took a short...lol. Targeting a retrace to .70s ish. We have to wait for tomorrow to see 149. I think we will. EDIT: OK, guess I'm wrong. Still believe we will see a retrace to .70s, so I'm holding my shorts.
It just tested 149..... Looks like some bears have been waiting
Never Ever Give Up
  • #27,247
  • Oct 18, 2017 11:25am Oct 18, 2017 11:25am
Quoting sumar
{quote} It just tested 149.....
kaching

But boohooo to me I snoozed earlier.
  • #27,248
  • Oct 18, 2017 11:28am Oct 18, 2017 11:28am
Quoting maflip
{quote} If my guestimate is correct probably even higher than 149. Why? Normally when UJ goes up GU goes down. But, at this case GU is holding and is not going down. I won't be surprised if both UJ and GU goes up tomorrow. If I'm right then tomorrow GJ might be a rocket ship up.
Well...don't you want GJ to drag GU down so we have a better entry for GU?
  • #27,249
  • Oct 18, 2017 11:33am Oct 18, 2017 11:33am
Quoting MoneyFocus
{quote} Well...don't you want GJ to drag GU down so we have a better entry for GU?
hah hah well see tomorrow. But I think tomorrow GJ is a better play.
  • #27,250
  • Oct 18, 2017 11:35am Oct 18, 2017 11:35am
Quoting maflip
{quote} hah hah well see tomorrow. But I think tomorrow GJ is a better play.
Ok....so GJ please drop so I can enter long.

My shorts are at 148.87....targeting 10+ pips...Let's see..
  • #27,251
  • Oct 18, 2017 11:37am Oct 18, 2017 11:37am
Quoting MoneyFocus
{quote} Well...don't you want GJ to drag GU down so we have a better entry for GU?
This has been discussed here before and it was an eye opener for me too. Multiply GU price x UJ price and you will get GJ price.

So, actually, GJ is priced based on UJ and GU. Therefore, GU does not follow GJ.
  • #27,252
  • Oct 18, 2017 11:39am Oct 18, 2017 11:39am
Quoting maflip
{quote} This has been discussed here before and it was an eye opener for me too. Multiply GU price x UJ price and you will get GJ price. So, actually, GJ is priced based on UJ and GU. Therefore, GU does not follow GJ.
if you divide GJ's price by UJ's price, you get GU's price. Therefore, GU does follow GJ.

Shit, did we enter a different dimension?
  • #27,253
  • Oct 18, 2017 11:43am Oct 18, 2017 11:43am
Quoting MoneyFocus
{quote} if you divide GJ's price by UJ's price, you get GU's price. Therefore, GU does follow GJ. Shit, did we enter a different dimension?
ah hah hah holy shit I think so
  • #27,254
  • Oct 18, 2017 11:46am Oct 18, 2017 11:46am
Quoting maflip
{quote} ah hah hah holy shit I think so
Hahahhaa. Cheers mate.
  • #27,255
  • Oct 18, 2017 11:49am Oct 18, 2017 11:49am
Quoting MoneyFocus
{quote} Hahahhaa. Cheers mate.
hah hah cheers but difference is GU and UJ are major pairs. But you got me there.
  • #27,256
  • Oct 18, 2017 11:55am Oct 18, 2017 11:55am
I hope I don't jinx it...but potentially...
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  • #27,257
  • Oct 18, 2017 12:11pm Oct 18, 2017 12:11pm
Ah....looks like the Dragon is willing to let me ride it... Cheers and green pips to all.
  • #27,258
  • Edited 1:43pm Oct 18, 2017 1:23pm | Edited 1:43pm
Quoting MoneyFocus
Ah....looks like the Dragon is willing to let me ride it... Cheers and green pips to all.
Oops! I missed that "short" long run but it didn't last "long" it seems
Never Ever Give Up
  • #27,259
  • Oct 18, 2017 1:26pm Oct 18, 2017 1:26pm
Quoting sumar
{quote} Oops! I missed that short run but it didn't last long it seems
Haha, my shorts are still there, damnnit.
  • #27,260
  • Oct 18, 2017 3:55pm Oct 18, 2017 3:55pm
Quoting MoneyFocus
{quote} Haha, my shorts are still there, damnnit.
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