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Dragon Riders GBP/JPY

  • #29,661
  • Oct 31, 2018 2:42am Oct 31, 2018 2:42am
Quoting Robinhood1
{quote} Good Day. Anything can happen in markets but i want to think it willl not fall but reach around 147.80 before falling below it recent lows
why are you confident to see 147 before breaking the low ? any analysis to share ?
  • #29,662
  • Oct 31, 2018 3:47am Oct 31, 2018 3:47am
might be some R here...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4.png Size: 58 KB
Look Sharp/Trade Tight
  • #29,663
  • Oct 31, 2018 4:03am Oct 31, 2018 4:03am
Quoting PayTheLimit
might be some R here... {image}
possible

I am depending now on the TIME factor more than price. after 5 hours if GJ didn't reach 144.8x area I will exit my long on any price available that time

144.40 area is really tuff but I think we can break it this time
  • #29,664
  • Oct 31, 2018 4:08am Oct 31, 2018 4:08am
Quoting msniper
{quote} possible I am depending now on the TIME factor more than price. after 5 hours if GJ didn't reach 144.8x area I will exit my long on any price available that time 144.40 area is really tuff but I think we can break it this time

good luck man, UJ hit some daily S, and that last 4hr looks a tad bearish....maybe cable gives you a few pips, it has some room to move up I think...
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 68 KB
Look Sharp/Trade Tight
  • #29,665
  • Oct 31, 2018 4:12am Oct 31, 2018 4:12am
Quoting PayTheLimit
might be some R here... {image}
Will short it around 144.300 mate.....let him flourish higher a little bit more
4&1 All Time Profit: $37,496
  • #29,666
  • Oct 31, 2018 4:14am Oct 31, 2018 4:14am
I want to short all JPY pairs later today but I am going to stay away from GJ why would I choose a pair that have important news tomorrow ? too much risk

for me EURJPY and USDJPY are more safe to short honeslty
  • #29,667
  • Oct 31, 2018 4:36am Oct 31, 2018 4:36am
Quoting msniper
I want to short all JPY pairs later today but I am going to stay away from GJ why would I choose a pair that have important news tomorrow ? too much risk for me EURJPY and USDJPY are more safe to short honeslty
The more the volatility the more the probability of making profits, provided analysis and entry is at key well defined levels and not mid range.
Regarding interest rate news tomorrow we all know they aint gonna raise rates my brother. So am not going to limit profit making probability just based on scheduled news presser....

Levels levels levels......Thats all im interested in
4&1 All Time Profit: $37,496
  • #29,668
  • Oct 31, 2018 4:42am Oct 31, 2018 4:42am
Quoting MzansiObi
{quote} Will short it around 144.300 mate.....let him flourish higher a little bit more
The previous days highs, good stuff.
who dares wins
  • #29,669
  • Oct 31, 2018 6:42am Oct 31, 2018 6:42am
Quoting MasterJedi
{quote} The previous days highs, good stuff.
Filled short.
Bulls will have to contend with 144.606(weekly pivot)
Daily range high just below 145
We in a down trend, price has come back towards mean reversion.
Lets go.....
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1311018.png Size: 30 KB
4&1 All Time Profit: $37,496
  • #29,670
  • Oct 31, 2018 6:44am Oct 31, 2018 6:44am
Quoting msniper
{quote} why are you confident to see 147 before breaking the low ? any analysis to share ?
I use retracements. My own ones not the established ones (fib)
POSTMASTER
  • #29,671
  • Oct 31, 2018 6:48am Oct 31, 2018 6:48am
They are too complex to understand just by charts. Personal systems will hardly work for some one diferent as it depends on buying power, profile(agressive or not, and 10 thousands more things)
POSTMASTER
  • #29,672
  • Oct 31, 2018 6:59am Oct 31, 2018 6:59am
Quoting MzansiObi
{quote} Will short it around 144.300 mate.....let him flourish higher a little bit more
I'm using it as a clue, trying to sell cable at 1.2780....
Look Sharp/Trade Tight
  • #29,673
  • Oct 31, 2018 7:14am Oct 31, 2018 7:14am
I just closed all GJ long positions at 144.50 it might reach 144.80 or 145 but I don't want to risk waiting because my plan is to runaway before NY period

for now I am away from GBP until news finished. I shorted EURJPY now and waiting for 200 pips drop or more
  • #29,674
  • Oct 31, 2018 7:15am Oct 31, 2018 7:15am
Quoting PayTheLimit
{quote} I'm using it as a clue, trying to sell cable at 1.2780....
And it doesnt look like its a bad idea aswell.

Cable has made a nice rally, making it ripe for the picking
EURGBP has also covered its Daily range and its bounving nicely off of the moving averages so am expecting nice pullback from this pair in continuation of the trend.
4&1 All Time Profit: $37,496
  • #29,675
  • Oct 31, 2018 7:32am Oct 31, 2018 7:32am
Quoting msniper
I just closed all GJ long positions at 144.50 it might reach 144.80 or 145 but I don't want to risk waiting because my plan is to runaway before NY period for now I am away from GBP until news finished. I shorted EURJPY now and waiting for 200 pips drop or more
Will miss you
POSTMASTER
  • #29,676
  • Oct 31, 2018 7:52am Oct 31, 2018 7:52am
Quoting Robinhood1
{quote} Will miss you
sorry bro its dangerous to stay long in GJ I see big drop happening to below 142.77 that's why I exit
  • #29,677
  • Oct 31, 2018 7:59am Oct 31, 2018 7:59am
Quoting Robinhood1
{quote} Will miss you
Robby,


Why do you wanna go counter trend when there hasnt been any bullish reversal signals?

The trend is your friend
4&1 All Time Profit: $37,496
  • #29,678
  • Oct 31, 2018 7:59am Oct 31, 2018 7:59am
Quoting msniper
{quote} sorry bro its dangerous to stay long in GJ I see big drop happening to below 142.77 that's why I exit
When it falls, probably below 141.00
POSTMASTER
  • #29,679
  • Oct 31, 2018 9:39am Oct 31, 2018 9:39am
Quoting MzansiObi
{quote} Robby, Why do you wanna go counter trend when there hasnt been any bullish reversal signals? The trend is your friend
Hi Mz. My signals are diferent to yours by the look of it. We are in a downtrend but i am seeing a pullback to around 147.80
POSTMASTER
  • #29,680
  • Oct 31, 2018 9:46am Oct 31, 2018 9:46am
The Pound is capable of getting stronger(for a while) against Yen and perhaps CHF whereas against the $ i still donīt see it. Correlate the pound generally will not work.
POSTMASTER
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