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Dragon Riders GBP/JPY

  • #321
  • Dec 1, 2014 9:32am Dec 1, 2014 9:32am
yep,typical monday....huh!
  • #322
  • Dec 1, 2014 9:56am Dec 1, 2014 9:56am
Quoting Gbp/jpy
yep,typical monday....huh!
If every Monday was like this, I wouldn't mind staying up all night from Sunday like today. Haven't slept for about 25 hours and 10 minutes, but who cares. Today was a wonderful day. Not bad for half a day's work.

Attached Image (click to enlarge)
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....sad thing is, I'll probably lose all my profits in another week.
  • #323
  • Dec 1, 2014 11:38am Dec 1, 2014 11:38am
wtf is this pair doing hahah, is it a bullish flag?
Probably the worlds best currency trader.
  • #324
  • Edited 12:05pm Dec 1, 2014 11:53am | Edited 12:05pm
Quoting Vermillion
{quote} If every Monday was like this, I wouldn't mind staying up all night from Sunday like today. Haven't slept for about 25 hours and 10 minutes, but who cares. Today was a wonderful day. Not bad for half a day's work. {image} ....sad thing is, I'll probably lose all my profits in another week.
Hot damn! Almost $2k in one day? Congrats man. I'm happy I've taken $150 in 2 days.

edit: Just opened a nice aggressive short at 186.300. Hopefully this move has another drop back to 186 land in its schedule.
  • #325
  • Dec 1, 2014 12:22pm Dec 1, 2014 12:22pm
Im shorting it target 183.900
Time is your friend; impulse is your enemy.
  • #326
  • Dec 1, 2014 12:30pm Dec 1, 2014 12:30pm
I see many jumping in short now. So, I guess it's time to go long.

Seriously though, 2 H4 closes subsequently higher than consolidation. And now very bullish looking consolidation on lower time frames. I can't see any justification for going short right now, so I will stay long...
  • #327
  • Dec 1, 2014 12:50pm Dec 1, 2014 12:50pm
Quoting benaiah
I see many jumping in short now. So, I guess it's time to go long. Seriously though, 2 H4 closes subsequently higher than consolidation. And now very bullish looking consolidation on lower time frames. I can't see any justification for going short right now, so I will stay long...
I've already moved it to BE, so no loss if it goes bull. I already have a long at 185.800. I'm seeing it move bull longer-term. I'm just wondering if there's a possibility of one more tiny dip before onwards and upwards happens.
  • #328
  • Dec 1, 2014 12:59pm Dec 1, 2014 12:59pm
Quoting 4xNewGuy
{quote} I've already moved it to BE, so no loss if it goes bull. I already have a long at 185.800. I'm seeing it move bull longer-term. I'm just wondering if there's a possibility of one more tiny dip before onwards and upwards happens.

I agree with you. But I'm still holding 2 medium shorts at 186.225 and one small short at 186.250. I get the feeling the bullish breakout won't happen that soon, so I'm hoping to pocket a few extra.

Still, even if it doesn't go my way, my SL is tight enough so that I'm set for today.
  • #329
  • Dec 1, 2014 1:02pm Dec 1, 2014 1:02pm
Quoting ktoTam
Im shorting it target 183.900
Don't. At best, you can only target around 185.330 right now, and that's not optimal odds. There's too much risk in holding a short position that far under current circumstances.
  • #330
  • Edited 10:54pm Dec 1, 2014 1:50pm | Edited 10:54pm
Yes....after a fair moving Sunday, with that fake spike at the open....goin for a low so the operators could jocky for position......I was expecting a fail to go higher at least for the short term.
My old buddy Ian posted that the GBP/USD has hit a barrier and should drop some......has me quizzin him. Aud has a clearer drop to 80.xx coming.....could use that for spending money till 186.49 is broken....That's my long.. .49....if it goes past that and stays for 15 minutes....or clears the numbers out to say .57......that's historical is why I do that price level.....
  • #331
  • Dec 1, 2014 8:15pm Dec 1, 2014 8:15pm
closed my short position opened this morning for a small profit...

scaling in longs at the moment.
  • #332
  • Dec 1, 2014 11:06pm Dec 1, 2014 11:06pm
So, it's lunch time in Tokyo.....or better....lunch is over in Tokyo.....sell........186.34...... average stop.....22pips
  • #333
  • Dec 2, 2014 1:29am Dec 2, 2014 1:29am
That was a nice break out ... now waiting for a decent retracement to buy, cannot play with this here in no man's land.
Fix up, trade sharp ...
  • #334
  • Dec 2, 2014 2:13am Dec 2, 2014 2:13am
I think I see some decent support near 185.23...
Look Sharp/Trade Tight
  • #335
  • Dec 2, 2014 2:47am Dec 2, 2014 2:47am
Quoting PayTheLimit
I think I see some decent support near 185.23...
Nice spotting, just thought the same. Am paying attention to 186.90/70 atm
  • #336
  • Dec 2, 2014 2:53am Dec 2, 2014 2:53am
Quoting FX-Ray
{quote} Nice spotting, just thought the same. Am paying attention to 186.90/70 atm
.70/90 is Decision point?

Anyway, speaking of support, correct me if I am wrong but it seems like 186.08 has turned from resistance to support...(referring to 4h chart)
  • #337
  • Dec 2, 2014 2:54am Dec 2, 2014 2:54am
GBPJPY to continue with its bullish momentum and now seems all set to continue its upward trajectory towards 192.00 resistance.
  • #338
  • Dec 2, 2014 2:55am Dec 2, 2014 2:55am
Quoting FxLapozi
{quote} .70/90 is Decision point? Anyway, speaking of support, correct me if I am wrong but it seems like 186.08 has turned from resistance to support...(referring to 4h chart)
Right DP.
  • #339
  • Dec 2, 2014 3:27am Dec 2, 2014 3:27am
GBP - Construction PMI in 2 min
  • #340
  • Edited 6:15am Dec 2, 2014 5:03am | Edited 6:15am
short upper boundary of DP 186.90/70

just noticed I had a typo in my initial post but its right in the template.

anyway, chart H1, BE+
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