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Dragon Riders GBP/JPY

  • #29,241
  • Oct 15, 2018 5:17am Oct 15, 2018 5:17am
Quoting Robinhood1
{quote} I would never be short at this moment or inside this pair but will be long for sure if reaches 140.40 so i wish i could tell you.
I will short GJ only between 150 to 155 that's the area where bear will start building their short position in my opinion
  • #29,242
  • Oct 15, 2018 5:20am Oct 15, 2018 5:20am
I think the bulls need to get busy and get back above 147ish by the end of the day....otherwise we might see some more weakness, and I'll be looking for a place to short...this is still a large bull flag on the daily it seems, so the bulls have something to work with...UJ is still very weak, and if cable, which is still holding on to some short term strength, doesn't challenge its weekly R, we could get a nice move down....I wait for a clearer picture for now...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 70 KB
Look Sharp/Trade Tight
  • #29,243
  • Oct 15, 2018 5:20am Oct 15, 2018 5:20am
I am short GBP/USD 1.3200 to 132.50 and holding till 1.2500. My system says so and tells me to go long GBP/JPY when reaching what i said above
POSTMASTER
  • #29,244
  • Oct 15, 2018 5:23am Oct 15, 2018 5:23am
Quoting PayTheLimit
I think the bulls need to get busy and get back above 147ish by the end of the day....otherwise we might see some more weakness, and I'll be looking for a place to short...this is still a large bull flag on the daily it seems, so the bulls have something to work with... {image}
where u thinking to short which area ?
  • #29,245
  • Oct 15, 2018 5:24am Oct 15, 2018 5:24am
Quoting msniper
{quote} {quote} so guys what stop loss you guys using for your short ? I need to know the invalidation number that will make you flip and join the bull side
join the bull side? ... maybe after a big drop
I looked at the chart, I think it will kiss 142.60, maybe lower, this week. As for the SL, I think I will start thinking of selling more around 149/150, in case it dares to go there.
Currently selling from around 146.9.
  • #29,246
  • Oct 15, 2018 5:26am Oct 15, 2018 5:26am
Quoting Robinhood1
I am short GBP/USD 1.3200 to 132.50 and holding till 1.2500. My system says so and tells me to go long GBP/JPY when reaching what i said above
I believe we will not see below 1.27xx~1.28xx area before reaching to 1.35xx area

I am with bull side at GBPUSD & EURUSD & AUDUSD

USDJPY I am a bull for scalping or short term but midterm its bearish
  • #29,247
  • Oct 15, 2018 5:30am Oct 15, 2018 5:30am
Quoting msniper
{quote} where u thinking to short which area ?
I don't have a spot now buddy...the earliest I would consider shorts would be tomorrow...
Look Sharp/Trade Tight
  • #29,248
  • Oct 15, 2018 5:30am Oct 15, 2018 5:30am
Quoting aa4fx
{quote} join the bull side? ... maybe after a big drop I looked at the chart, I think it will kiss 142.60, maybe lower, this week. As for the SL, I think I will start thinking of selling more around 149/150, in case it dares to go there. Currently selling from around 146.9.
so you will keep selling from 146 all the way to 150 ? and no stop loss ?
  • #29,249
  • Oct 15, 2018 5:33am Oct 15, 2018 5:33am
Quoting PayTheLimit
{quote} I don't have a spot now buddy...the earliest I would consider shorts would be tomorrow...
we so the boring sideways on GJ pair many many times over the year. GJ knows people wait for the breakout and decide to go long or short.

and from my experience always the first breakout would be the fake one to hunt people and then they go apposite side

so right now we saw today how GJ breakout to the downside of the sideways channel which means many will jump into selling. and this is where I think they market will hunt them down and GJ fly and break the upside channel
  • #29,250
  • Oct 15, 2018 6:09am Oct 15, 2018 6:09am
Quoting msniper
{quote} so you will keep selling from 146 all the way to 150 ? and no stop loss ?
Depending on how the market moves as a spike to 150 is dealt differently than a rally that takes longer period.
  • #29,251
  • Oct 15, 2018 6:10am Oct 15, 2018 6:10am
Quoting msniper
{quote} we so the boring sideways on GJ pair many many times over the year. GJ knows people wait for the breakout and decide to go long or short. and from my experience always the first breakout would be the fake one to hunt people and then they go apposite side so right now we saw today how GJ breakout to the downside of the sideways channel which means many will jump into selling. and this is where I think they market will hunt them down and GJ fly and break the upside channel

I still say its generally a waste of time to trade the crosses, plenty of good trades in the EU, GU, UJ, AU, the swiss to keep a guy busy....as I told you before I'm slowly, but surely waning myself off them
Look Sharp/Trade Tight
  • #29,252
  • Oct 15, 2018 6:12am Oct 15, 2018 6:12am
Quoting PayTheLimit
{quote} I still say its generally a waste of time to trade the crosses, plenty of good trades in the EU, GU, UJ, AU to keep a guy busy....as I told you before I'm slowly, but surely waning myself off them
I think you are right, and I am also leaning more towards them now. When you do not have the time to trade intraday though the crosses are worth a look, just need to be very picky and put in maybe 1 or 2 trades per week at max over a couple of them.
Fix up, trade sharp ...
  • #29,253
  • Oct 15, 2018 6:16am Oct 15, 2018 6:16am
Quoting Hickson
{quote} I think you are right, and I am also leaning more towards them now. When you do not have the time to trade intraday though the crosses are worth a look, just need to be very picky and put in maybe 1 or 2 trades per week at max over a couple of them.

as we have discussed before, I've been interested in cutting the number of trades I take, so cutting down the number of pairs is a very good first step....
Look Sharp/Trade Tight
  • #29,254
  • Oct 15, 2018 6:19am Oct 15, 2018 6:19am
Quoting PayTheLimit
{quote} as we have discussed before, I've been interested in cutting the number of trades I take, so cutting down the number of pairs is a very good first step....
I am not talking against it mate ... I have cut mine down considerably as well, all what is red and chop went out the window lol
Fix up, trade sharp ...
  • #29,255
  • Oct 15, 2018 7:40am Oct 15, 2018 7:40am
Quoting PayTheLimit
{quote} I still say its generally a waste of time to trade the crosses, plenty of good trades in the EU, GU, UJ, AU, the swiss to keep a guy busy....as I told you before I'm slowly, but surely waning myself off them
I agree about staying away from crosses and I was doing that recently but since GJ already moved side ways for very very long time then its worth it to trade for me. the breakout will worth choosing GJ over main pairs
  • #29,256
  • Oct 15, 2018 7:43am Oct 15, 2018 7:43am
Quoting msniper
{quote} I agree about staying away from crosses and I was doing that recently but since GJ already moved side ways for very very long time then its worth it to trade for me. the breakout will worth choosing GJ over main pairs
It is back in the range now lol
Fix up, trade sharp ...
  • #29,257
  • Oct 15, 2018 7:46am Oct 15, 2018 7:46am
Quoting Hickson
{quote} It is back in the range now lol
is good to be in the range, no? ... or?
  • #29,258
  • Oct 15, 2018 8:02am Oct 15, 2018 8:02am
Quoting aa4fx
{quote} is good to be in the range, no? ... or?
Neither good or bad in my view.
Fix up, trade sharp ...
  • #29,259
  • Oct 15, 2018 9:09am Oct 15, 2018 9:09am
Quoting aa4fx
Currently selling from around 146.9.
out and I will stay on the sideline for a maybe better selling place ...
  • #29,260
  • Oct 15, 2018 9:30am Oct 15, 2018 9:30am
Quoting Hickson
{quote} It is back in the range now lol
hehe it will stay in the range until daily close. if daily close is above 147.20 it will be bullish
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