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Dragon Riders GBP/JPY

  • #141
  • Nov 25, 2014 8:32am Nov 25, 2014 8:32am
Quoting Vermillion
{quote} I'm guessing that if the U.S. consumer confidence is positive, we'll see a resumption in the GBP/JPY bullish momentum? If not (and the news turns out bearish for the dollar), does the correction still apply down to 184.00 levels?
A correction to 183.20/00 is actually possible.
  • #142
  • Nov 25, 2014 8:35am Nov 25, 2014 8:35am
Quoting Greenstar
http://www.fxtsp.com/trading-strateg...-patterns.html for those who may be interested of course it may or may not apply
Interesting stats, not sure how you could use that though
  • #143
  • Nov 25, 2014 8:35am Nov 25, 2014 8:35am
Quoting FX-Ray
{quote} A correction to 183.20/00 is actually possible.
That's the thing. I get the feeling the market movers want to suppress the GBP/JPY & USD/JPY down before restarting upwards momentum, but today's data has been positive for the dollar (and by association, the British pound). We keep getting stuck at 184.80, and I don't like how it can go both ways as of right now.

Do you personally think further correction down from current price (185) is more likely than a resumption of bullish movement?
  • #144
  • Nov 25, 2014 8:36am Nov 25, 2014 8:36am
Quoting FX-Ray
{quote} (H1) {image}
so what are you trying to tell me here ... more up than down?
  • #145
  • Nov 25, 2014 8:46am Nov 25, 2014 8:46am
Quoting Vermillion
{quote} That's the thing. I get the feeling the market movers want to suppress the GBP/JPY & USD/JPY down before restarting upwards momentum, but today's data has been positive for the dollar (and by association, the British pound). We keep getting stuck at 184.80, and I don't like how it can go both ways as of right now. Do you personally think further correction down from current price (185) is more likely than a resumption of bullish movement?
As long as 185.60/40 is resistance, optimal target would be 183.20/00. Its not too far away anyway, if we get a decent break about 185.60/40 and it can hold as support I see 187.60/40. It just rejected 1/4 185.00/48.80 which is good for bulls. ~15 pips away so far.
  • #146
  • Nov 25, 2014 8:49am Nov 25, 2014 8:49am
Quoting AllyB
{quote} so what are you trying to tell me here ... more up than down?
Its ranging atm, if she is able to take DP 185.60/40 and becomes support way is up but its still below, so I'd be careful go long now and its quiet, what I dont like.
  • #147
  • Nov 25, 2014 8:59am Nov 25, 2014 8:59am
I rode the dragon today..

my bum hurts. went bareback.

"Honey, I made some coin, but... errr.. dragon etc. etc... night hun." *exhausted.
Corripe Cervisiam!
  • #148
  • Nov 25, 2014 9:06am Nov 25, 2014 9:06am
Quoting FX-Ray
{quote} Its ranging atm, if she is able to take DP 185.60/40 and becomes support way is up but its still below, so I'd be careful go long now and its quiet, what I dont like.
got yea
on the side with GJ and babysitting my pending at 5716 in GU. should be worth a few pips

so close to kicking it off but so far away
  • #149
  • Nov 25, 2014 9:10am Nov 25, 2014 9:10am
Quoting AllyB
{quote} got yea on the side with GJ and babysitting my pending at 5716 in GU. should be worth a few pips so close to kicking it off but so far away
I know exactly what you mean. Whats your target?
  • #150
  • Nov 25, 2014 9:16am Nov 25, 2014 9:16am
Quoting FX-Ray
{quote} I know exactly what you mean. Whats your target?
Wait ally, let me crunch some numbers.. brb
  • #151
  • Edited 9:33am Nov 25, 2014 9:23am | Edited 9:33am
Quoting FX-Ray
{quote} Wait ally, let me crunch some numbers.. brb
Got 1.5755/50* to the upside and 1.5660/55* & 1.5605/00* to the downside. Dont know how long you gonna hold on to it.

Add: Do they somehow overlapp with your initial targets?
Add(2): Damn just seen there was a great signal at 1.5660/55, should have paid attention to G/U

prices corrected*
pic added**
Attached Image (click to enlarge)
Click to Enlarge Name: gu_stats.png Size: 157 KB
  • #152
  • Nov 25, 2014 9:33am Nov 25, 2014 9:33am
Quoting FX-Ray
{quote} Got 1.5755/50* to the upside and 1.5660/55* & 1.5605/00* to the downside. Dont know how long you gonna hold to it. prices corrected* pic added** {image}
Excellent!!

shooting for 5680 and better yet 5660 which is a ass level

now if the pending gets hit I will be all set. only been since this time yesterday that I set it. this is when I will get stupid and lower it only to watch it shoot past what I had so leaving my fingers off the keys
  • #153
  • Nov 25, 2014 9:37am Nov 25, 2014 9:37am
Quoting FX-Ray
{quote} Got 1.5755/50* to the upside and 1.5660/55* & 1.5605/00* to the downside. Dont know how long you gonna hold on to it. Add: Do they somehow overlapp with your initial targets? Add(2): Damn just seen there was a great signal at 1.5660/55, should have paid attention to G/U prices corrected* pic added** {image}

that chart is awesome! not only does it look good but you got my ass levels (within 5 pips) on there!!! got to love that
  • #154
  • Nov 25, 2014 9:37am Nov 25, 2014 9:37am
Quoting AllyB
{quote} Excellent!! shooting for 5680 and better yet 5660 which is a ass level now if the pending gets hit I will be all set. only been since this time yesterday that I set it. this is when I will get stupid and lower it only to watch it shoot past what I had so leaving my fingers off the keys
Dat overlapping again

Glad I could help and good luck
  • #155
  • Nov 25, 2014 9:39am Nov 25, 2014 9:39am
Quoting AllyB
{quote} that chart is awesome! not only does it look good but you got my ass levels (within 5 pips) on there!!! got to love that
Wow thank you very much, means alot when you say it
  • #156
  • Nov 25, 2014 9:50am Nov 25, 2014 9:50am
Quoting FX-Ray
{quote} Wow thank you very much, means alot when you say it
this pending is REALL testing my patience --- just 2 pips short and now it is laughing at me
  • #157
  • Nov 25, 2014 9:52am Nov 25, 2014 9:52am
Quoting AllyB
{quote} this pending is REALL testing my patience --- just 2 pips short and now it is laughing at me
Its doing what its always doing: testing your patience ; remember your parameters before you entered.
If I see candle dance I always say to myself: You've seen this before and you gonna see it as long as you trade. Ignore it.
  • #158
  • Nov 25, 2014 9:54am Nov 25, 2014 9:54am
Quoting AllyB
{quote} this pending is REALL testing my patience --- just 2 pips short and now it is laughing at me
Anyway, G/J probably gonna turn now, maybe G/U follow.
  • #159
  • Nov 25, 2014 9:58am Nov 25, 2014 9:58am
Quoting FX-Ray
{quote} Anyway, G/J probably gonna turn now, maybe G/U follow.
By the G/Y "turning", do you mean bullish or bearish?
  • #160
  • Nov 25, 2014 10:01am Nov 25, 2014 10:01am
Quoting Vermillion
{quote} By the G/Y "turning", do you mean bullish or bearish?
Vermillion this is very interesting. Before I give you an answer, what do you see now?
Just answer with "up" or "down" please.
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