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Dragon Riders GBP/JPY

  • #30,681
  • Jun 3, 2019 9:00pm Jun 3, 2019 9:00pm
price deciding ...... don't see any real move up yet ... but if it's comes will be a long road ..i will buy dip with mm no matter what a price goes down
  • #30,682
  • Edited 4:15am Jun 4, 2019 3:44am | Edited 4:15am
Quoting FloatingCha
price deciding ...... don't see any real move up yet ... but if it's comes will be a long road ..i will buy dip with mm no matter what a price goes down
It might not be a "long road"... just another retracement... then more down.

Things like this aren't supporting your theory:
https://www.forexfactory.com/news/92...nce-march-2018

To revert this either more people (companies) have to have the balls to invest... with insecurity (not just Brexit... but EU political vibes and global trade disputes) less people tend to have the balls.
Last weeks survey showed less loans were agreed.
Meaning the results might be the same during next quarter.

If the UK needs more exports... one way to achieve competitiveness is through GBP falling.

Based on happenings during the last two years (some companies/banks moving staff elsewhere in EU... also orders starting to stall, internal UK politics still in dispute, internal EU politics in dispute, UK-EU politics still in dispute - now after EU elections even more difficulties might arise) new business will not come itself.
  • #30,683
  • Jun 4, 2019 6:56am Jun 4, 2019 6:56am
long taken for 70 pips
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  • #30,684
  • Jun 4, 2019 7:14am Jun 4, 2019 7:14am
Quoting PatienceFx
long taken for 70 pips {image}
changed tp to 130 pips up
  • #30,685
  • Jun 4, 2019 7:20am Jun 4, 2019 7:20am
Quoting PatienceFx
{quote} changed tp to 130 pips up
GJ may get a total range of 182 pips or more this week, may even go to 295 pips [ week high to low ]
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  • #30,686
  • Jun 4, 2019 8:05am Jun 4, 2019 8:05am
may reach 137.750 soon
  • #30,687
  • Jun 5, 2019 1:50am Jun 5, 2019 1:50am
GBPJPY , H&S patern ,bearish divergence.
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  • #30,688
  • Jun 5, 2019 2:46am Jun 5, 2019 2:46am
Quoting PatienceFx
{quote} GJ may get a total range of 182 pips or more this week, may even go to 295 pips [ week high to low ] {image}
still hold ? testing .450 again
  • #30,689
  • Jun 5, 2019 3:43am Jun 5, 2019 3:43am
750 done ! full profit from 136.750 100 pip best spot !
  • #30,690
  • Jun 6, 2019 7:12am Jun 6, 2019 7:12am
Eyes on
Inserted Video
Markets are Irrational
  • #30,691
  • Jun 6, 2019 9:00pm Jun 6, 2019 9:00pm
Still hold buy
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  • #30,692
  • Jun 7, 2019 2:48am Jun 7, 2019 2:48am
Chance of long to 138.72
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  • #30,693
  • Jun 7, 2019 6:43am Jun 7, 2019 6:43am
although a the but my money is in another pair
but the long position can be good for this pair now.

in the medium term.
d1
  • #30,694
  • Jun 9, 2019 4:05pm Jun 9, 2019 4:05pm
Here's my take on the GBPJPY, from a technical perspective.

Price action printed a relatively small bullish candlestick around the 136.500 horizontal support last week after making a bearish drive for four weeks. Should bulls manage further northward move, the horizontal resistance around the 139.960 monthly pivot is likely to be a barrier to a bullish drive. A break below the 136.500 level may give confidence to bears to drive price action further southwards.

On the daily time frame, the last five trading sessions printed primarily bullish candlesticks after a wave of bearish price action over several days. However, the bullish candlesticks were relatively miniature compared to the preceding bearish prints. Thus, the bullish move is corrective in nature. We may see bulls take price action to a value area, such as the immediate horizontal resistance around the 139.900 area before a southward turnaround. I am bearish GBPJPY.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #30,695
  • Jun 10, 2019 9:44pm Jun 10, 2019 9:44pm
Hi All

How was the dragon riding doing? i ride this pair since 2008. i was burned, whipped, smashed, thrown and almost gave up in the process. Margin call all the time. Until recently i found out to ride the dragon is to follow it rhythm. Take what its give u. not what u think. Do not move if its not moving. if it's tail goes right you prepare for swing left and so forth. If its started to fly, hold on tight do not lose your grip, if u lose the grip, just wait until it goes down again and wait for another ride. This beast is awesome!
  • #30,696
  • Jun 10, 2019 9:57pm Jun 10, 2019 9:57pm
Quoting footimy
Hi All How was the dragon riding doing? i ride this pair since 2008. i was burned, whipped, smashed, thrown and almost gave up in the process. Margin call all the time. Until recently i found out to ride the dragon is to follow it rhythm. Take what its give u. not what u think. Do not move if its not moving. if it's tail goes right you prepare for swing left and so forth. If its started to fly, hold on tight do not lose your grip, if u lose the grip, just wait until it goes down again and wait for another ride. This beast is awesome!
Yep, go with the flow and not against it
Don't Worry Be Happy
  • #30,697
  • Jun 12, 2019 7:30am Jun 12, 2019 7:30am
Quoting footimy
Hi All How was the dragon riding doing? i ride this pair since 2008. i was burned, whipped, smashed, thrown and almost gave up in the process. Margin call all the time. Until recently i found out to ride the dragon is to follow it rhythm. Take what its give u. not what u think. Do not move if its not moving. if it's tail goes right you prepare for swing left and so forth. If its started to fly, hold on tight do not lose your grip, if u lose the grip, just wait until it goes down again and wait for another ride. This beast is awesome!
Hey footimy

I'd like to see some of your riding techniques in pics if possible...
  • #30,698
  • Jun 12, 2019 7:55pm Jun 12, 2019 7:55pm
With Brexit event, I think GBPJPY will down
GBPJPY
sell limit at 137.9x
sl 138.28
tp1 136.8x
tp2 135.8x
Mid term 131.xx
long term 124.xx
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  • #30,699
  • Jun 12, 2019 10:37pm Jun 12, 2019 10:37pm
Quoting hieuec
With Brexit event, I think GBPJPY will down GBPJPY sell limit at 137.9x sl 138.28 tp1 136.8x tp2 135.8x Mid term 131.xx long term 124.xx {image}
GBPJPY
sell continue at 137.56
sl move to 137.78
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  • #30,700
  • Jun 13, 2019 2:34am Jun 13, 2019 2:34am
GBPJPY, bullish butterfly.
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