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Dragon Riders GBP/JPY

  • #27,541
  • Nov 2, 2017 1:09am Nov 2, 2017 1:09am
Quoting MoneyFocus
{quote} There is a hump, but if the Dragon can cross it....
yeah bro we will see. but knowing you I know you might be long already hah hah.
  • #27,542
  • Nov 2, 2017 1:56am Nov 2, 2017 1:56am
151.2 was the top of weekly body during the brexit crash. Price first broke over it into technical res then dropped some 440 pips. Next time, price failed again, dropping some 200 pips. At this time, 151.2x holds.
  • #27,543
  • Nov 2, 2017 2:13am Nov 2, 2017 2:13am
Quoting Mpt
151.2 was the top of weekly body during the brexit crash. Price first broke over it into technical res then dropped some 440 pips. Next time, price failed again, dropping some 200 pips. At this time, 151.2x holds.
Just a thought: has the recent rise in cable already been discounted in today's news (still to be announced). And then at today's news, there might be a fall. i.e. "Buy the rumour, sell the fact". Reference to today's "Forex Crunch's" article.
  • #27,544
  • Nov 2, 2017 2:29am Nov 2, 2017 2:29am
Looks like we not going to see any action for the next 2 hours....lol
Never Ever Give Up
  • #27,545
  • Nov 2, 2017 2:34am Nov 2, 2017 2:34am
Quoting sumar
Looks like we not going to see any action for the next 2 hours....lol
lol...falling asleep..
  • #27,546
  • Nov 2, 2017 2:35am Nov 2, 2017 2:35am
Is anyone really expecting a rate hike today??
  • #27,547
  • Nov 2, 2017 2:35am Nov 2, 2017 2:35am
Quoting sumar
Looks like we not going to see any action for the next 2 hours....lol

lol all I know is gold is going down and im happy hah hah
  • #27,548
  • Edited 2:59am Nov 2, 2017 2:36am | Edited 2:59am
Watch GU though it might follow gold down. USD seems to be getting bought at the moment.

1:1 target for gold 1275.75

162% extension of that fib is 1274.20
  • #27,549
  • Nov 2, 2017 2:51am Nov 2, 2017 2:51am
quick 20+ pips pop down there for GU. And GJ is still ranging hah hah
  • #27,550
  • Nov 2, 2017 2:51am Nov 2, 2017 2:51am
Quoting GDR3k
Is anyone really expecting a rate hike today??
A rate hike is expected. See some explanation in today's "Forex Crunch" article. (Link from news section)
  • #27,551
  • Nov 2, 2017 4:10am Nov 2, 2017 4:10am
Quoting maflip
Dragon is sleeping but hopefully there will be a breakout before GBP rate release. {image}

ah no fun news in 20 mins. it's breaking down and I can't take it due to news.

Almost at 1:1 now but I skipped soooooo close to news release.

If you took it congrats news in 15 mins.
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  • #27,552
  • Nov 2, 2017 4:18am Nov 2, 2017 4:18am
Quoting maflip
{quote} ah no fun news in 20 mins. it's breaking down and I can't take it due to news. Almost at 1:1 now but I skipped soooooo close to news release. If you took it congrats news in 15 mins. {image}
Also missed it. Not taking a chance. Expecting a spike up
Never Ever Give Up
  • #27,553
  • Nov 2, 2017 4:20am Nov 2, 2017 4:20am
Quoting sumar
{quote} Also missed it. Not taking a chance. Expecting a spike up
Keep watching it bro. Later after it trades above the arrow (after news relese) I drew then it means this move is a fake out and the real move is up.

Right now price hit 1:1 it's not yet a confirmed trend.

IF it goes back up after the arrow then it's a bear trap.
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  • #27,554
  • Nov 2, 2017 4:32am Nov 2, 2017 4:32am
Lol. Looks like the time for the interest rate announcement has changed. 2 and a half hours to go......
Never Ever Give Up
  • #27,555
  • Nov 2, 2017 4:34am Nov 2, 2017 4:34am
Quoting sumar
Lol. Looks like the time for the announcement has changed
constrcution pmi was better than expected.
  • #27,556
  • Nov 2, 2017 4:39am Nov 2, 2017 4:39am
Quoting MoneyFocus
{quote} constrcution pmi was better than expected.
Had no impact at all
Never Ever Give Up
  • #27,557
  • Nov 2, 2017 4:44am Nov 2, 2017 4:44am
Well time to make some french fries... If however this keeps going down due to H&S pattern. Buy area might be around 150.40 and 150. If it goes there it might get pushed back up again before they release the rate increase.

Only do it if you got guts it's gonna be risky. If it doesn't work don't blame me ok. hah hah. I'm just saying because they usually take profit around those areas.
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  • #27,558
  • Nov 2, 2017 6:47am Nov 2, 2017 6:47am
Get ready for some fireworks.....
Never Ever Give Up
  • #27,559
  • Nov 2, 2017 7:01am Nov 2, 2017 7:01am
Quoting sumar
Get ready for some fireworks.....
There's your fireworks. Spiked up then back down. I guess it's priced in lol.
  • #27,560
  • Edited Nov 3, 2017 1:00am Nov 2, 2017 7:02am | Edited Nov 3, 2017 1:00am
WOW!!!!
Never Ever Give Up
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