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Dragon Riders GBP/JPY

  • #28,101
  • Dec 8, 2017 3:57am Dec 8, 2017 3:57am
The pair is around the resisitance on daily tf, a lot of open long positions may be closed at such level, so there is the probability of retracement, if the price breaks through this level up, the bull impulse may continue
  • #28,102
  • Dec 8, 2017 7:25am Dec 8, 2017 7:25am
The pair pulled back from 152.46. I just shorted, I think it will depreciate to 151.20.
  • #28,103
  • Dec 8, 2017 10:31am Dec 8, 2017 10:31am
Howdy Ya'll. I got a late start at 151.65. London Open failed to provide me an entry buffer against immediate draw-downs into a bullish swing trade. I closed at 152.08 and awaited potential re-entry. NFP was a disappointment too. It's time for the dollar to go soft for the day. I'm wore out to mess with a scalp on crazy day Friday. I'll see where the upper trends are next week and what's in store for London Open Tuesday morning for our dragon.

Have a great weekend ya'll. May yer beers be cold and yer family warm and tender.
  • #28,104
  • Dec 11, 2017 4:09am Dec 11, 2017 4:09am
H1 trend is bearish, but the Daily trend is bullish, so buying opportunities will be formed after the correction
  • #28,105
  • Dec 11, 2017 4:10am Dec 11, 2017 4:10am
Quoting koleso
H1 trend is bearish, but the Daily trend is bullish, so buying opportunities will be formed after the correction
Yen pairs looking a tad tricky today, I took a long on the pound via cable instead, hope it pans out.
  • #28,106
  • Dec 11, 2017 7:16am Dec 11, 2017 7:16am
I am still maintaining my short position, when it reaches 151.20 I may consider opening a long one.
  • #28,107
  • Dec 11, 2017 4:51pm Dec 11, 2017 4:51pm
Can someone explain to me why this pair has small ranged all day and sterling and usd/jpy have not? Excruciating day on this pair waiting for something to happen.
  • #28,108
  • Dec 11, 2017 5:07pm Dec 11, 2017 5:07pm
Quoting fxokieusa
Can someone explain to me why this pair has small ranged all day and sterling and usd/jpy have not? Excruciating day on this pair waiting for something to happen.
H1 TF is opposite the H4 and Daily TF's and they take a long time to make their turns. So.......................sit on your hands........
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  • #28,109
  • Dec 12, 2017 2:29am Dec 12, 2017 2:29am
A new resistance level was formed on the Daily tf yesterday, so it'll be harder to go up
  • #28,110
  • Dec 12, 2017 3:04am Dec 12, 2017 3:04am
Quoting koleso
A new resistance level was formed on the Daily tf yesterday, so it'll be harder to go up
Look again in 26 minutes from now on.
Hey buddy, let's grab some Pips!
  • #28,111
  • Dec 12, 2017 7:31am Dec 12, 2017 7:31am
Quoting koleso
A new resistance level was formed on the Daily tf yesterday, so it'll be harder to go up
At what level do you see a resistance?
  • #28,112
  • Dec 12, 2017 4:38pm Dec 12, 2017 4:38pm
Long targeting 153.85
  • #28,113
  • Dec 12, 2017 4:40pm Dec 12, 2017 4:40pm
Quoting dianajs
{quote} At what level do you see a resistance?
151.40 is the level you should be watching imo
  • #28,114
  • Dec 12, 2017 5:57pm Dec 12, 2017 5:57pm
Bought 151.22
  • #28,115
  • Dec 13, 2017 3:52am Dec 13, 2017 3:52am
Quoting dianajs
{quote} At what level do you see a resistance?
153.42 - 152.36 wide resistance level
  • #28,116
  • Dec 13, 2017 7:08am Dec 13, 2017 7:08am
Quoting koleso
{quote} 153.42 - 152.36 wide resistance level
Oh, you meant the high, I get it now. I thought you meant some level lower than that.
  • #28,117
  • Dec 14, 2017 7:52am Dec 14, 2017 7:52am
The pair rebounded from 150.40 and formed a bullish bar on the D1 time frame. I think we will see a new move to the upside.
  • #28,118
  • Dec 15, 2017 2:23am Dec 15, 2017 2:23am
A new trading opportunity will be most likely formed next week, the trend remains bullish until the price is above the support level of 149.72
  • #28,119
  • Dec 15, 2017 7:39am Dec 15, 2017 7:39am
Apparently we were both wrong. GBP/JPY broke out below 150.40 and continues depreciating. It looks like it will reach 149.00.
  • #28,120
  • Dec 15, 2017 7:51am Dec 15, 2017 7:51am
Quoting dianajs
Apparently we were both wrong. GBP/JPY broke out below 150.40 and continues depreciating. It looks like it will reach 149.00.
Very weird. I got hit too.
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