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Dragon Riders GBP/JPY

  • #841
  • Dec 8, 2014 8:23am Dec 8, 2014 8:23am
Quoting AllyB
{quote} nah, it's Monday so I laid low and took +40
Excellent..
  • #842
  • Dec 8, 2014 8:26am Dec 8, 2014 8:26am
Quoting FX-Ray
{quote} Excellent..
GBP is early ... may just have to get up for it though

what have you got going?
  • #843
  • Dec 8, 2014 8:28am Dec 8, 2014 8:28am
Only watched GBP/JPY today. No good setup spotted - No trades for me Gotta go to an appointment now ... have a nice evening everyone. Keep stops tight and profits wide.
Fix up, trade sharp ...
  • #844
  • Dec 8, 2014 8:29am Dec 8, 2014 8:29am
I keep hearing that towards Christmas, we'll see illiquid markets. Didn't the GBP/JPY rally incredibly towards the end of last year?

Personally, I don't quite believe that low volumes equates to small moves. And believe that solid currency movement shouldn't be ruled out.

Anyone else not turning away after this week?
  • #845
  • Dec 8, 2014 8:32am Dec 8, 2014 8:32am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_H1.gif Size: 168 KB
  • #846
  • Dec 8, 2014 8:37am Dec 8, 2014 8:37am
Quoting Didgeridoo
I don't quite believe that low volumes equates to small moves.
This is a true, and I believe it is a rookie mistake that a lot of newb traders make. If they want to, they could just suck up the ask in a split second and the price will pop. And vice-versa.

It is also true there is less liquidity during the holidays... I might as well throw in the summer months too. These are just facts. They don't mean anything, in and of themselves... except be prepared to be very, very patient!

With that said, I'm staying long UJ (GJ). They are trying to delay the inevitable. Either that, or these suckers aren't done buying yet... But I'm not so sure. Look how the volume has just been CRUSHED since I made that comment... I hate it when they do this. Did I say something wrong here on this thread?

I could be wrong, in which case, price will have to test the .65 level for me to even consider going short.
Please check out my blog at https://from-zero-to-hero . net
  • #847
  • Dec 8, 2014 8:48am Dec 8, 2014 8:48am
Quoting FX-Ray
{quote} Hi Ally, its a simple indicator to show me where buyers or sellers are positioned, in an uptrend you will repeatedly observe one pattern: Sellers attempt to short temporary lows to break it. If price then prints above their average entry they are forced to bail out. In an downtrend its similar. I attached a pic, compare it to the last picture I posted. Thats maybe why price retraced here. Shorted low, reaction, the question now is if we see a test and then continuation to the upside or a break. Time will tell. Chart 1Min Add(1): I only use...
this is interesting also ... thanks for explaining
  • #848
  • Dec 8, 2014 8:53am Dec 8, 2014 8:53am
Quoting smash1820
{quote} This is a true, and I believe it is a rookie mistake that a lot of newb traders make. If they want to, they could just suck up the ask in a split second and the price will pop. And vice-versa. It is also true there is less liquidity during the holidays... I might as well throw in the summer months too. These are just facts. They don't mean anything, in and of themselves. With that said, I'm staying long UJ (GJ). They are trying to delay the inevitable. Either that, or these suckers aren't done buying yet... But I'm not so sure. Look how...
Well said. Yeah, I've seen illiquid markets produce M A S S I V E moves. Seemingly, as if less traders equated to restraint on the price.
  • #849
  • Dec 8, 2014 8:59am Dec 8, 2014 8:59am
hope u dont mind if I post some cable chart

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 76 KB
Hero calls followed by margin calls...
  • #850
  • Dec 8, 2014 9:06am Dec 8, 2014 9:06am
Hey all, it seems you guys are a bit more active in capturing the shorter term moves so you may not be interested in my "short-term" view. But I'm looking at a 190.83 target. Hoping to get there this week.

Here's my detailed thoughts: http://www.forexmademillionaire.com/...t-term-target/
check out my blog: forexmademillionaire dot com
  • #851
  • Dec 8, 2014 9:37am Dec 8, 2014 9:37am
Quoting Geppy
Hey all, it seems you guys are a bit more active in capturing the shorter term moves so you may not be interested in my "short-term" view. But I'm looking at a 190.83 target. Hoping to get there this week. Here's my detailed thoughts: http://www.forexmademillionaire.com/...t-term-target/
Geppy, I aim for 191 for this week if trend stays up. (http://www.forexfactory.com/showthre...96#post7926496)
  • #852
  • Dec 8, 2014 9:37am Dec 8, 2014 9:37am
Quoting PhAnTi'
hope u dont mind if I post some cable chart {image}
Noone minds
  • #853
  • Dec 8, 2014 9:37am Dec 8, 2014 9:37am
Quoting AllyB
{quote} this is interesting also ... thanks for explaining
You're welcome ally
  • #854
  • Dec 8, 2014 9:39am Dec 8, 2014 9:39am
Quoting Geppy
Hey all, it seems you guys are a bit more active in capturing the shorter term moves so you may not be interested in my "short-term" view. But I'm looking at a 190.83 target. Hoping to get there this week. Here's my detailed thoughts: http://www.forexmademillionaire.com/...t-term-target/
Cool blog Geppy, but I would encourage you to be very careful about what you post here. I know you are not selling anything (yet?), but with this post, it seems you may be one step closer to a "Commercial Member" status. Just something to think about...
Please check out my blog at https://from-zero-to-hero . net
  • #855
  • Dec 8, 2014 9:45am Dec 8, 2014 9:45am
Quoting smash1820
{quote} Cool blog Geppy, but I would encourage you to be very careful about what you post here. I know you are not selling anything (yet?), but with this post, it seems you may be one step closer to a "Commercial Member" status. Just something to think about...
Thanks Smash... didn't even think of that.

I don't plan on selling anything, I just prefer keeping a log of my thoughts with a bit less noise. I'll be sure to keep posts like my last to my other Geppy thread.
check out my blog: forexmademillionaire dot com
  • #856
  • Dec 8, 2014 9:54am Dec 8, 2014 9:54am
Quoting Geppy
{quote} Thanks Smash... didn't even think of that. I don't plan on selling anything, I just prefer keeping a log of my thoughts with a bit less noise. I'll be sure to keep posts like my last to my other Geppy thread.
Another Geppy thread? What's it's title, can I ask?

Edit: Oh, "Geppy's Geppy Thread", that's right (slap forehead)

Cheers.
  • #857
  • Dec 8, 2014 10:11am Dec 8, 2014 10:11am
Quoting AllyB
{quote} GBP is early ... may just have to get up for it though what have you got going?
Got longs around 80ish and 70ish with tight stop, would like to see higher levels at least 190.20/00 though
  • #858
  • Dec 8, 2014 10:11am Dec 8, 2014 10:11am
Quoting Hickson
Only watched GBP/JPY today. No good setup spotted - No trades for me Gotta go to an appointment now ... have a nice evening everyone. Keep stops tight and profits wide.
  • #859
  • Dec 8, 2014 10:11am Dec 8, 2014 10:11am
Quoting Geppy
Thanks Smash... didn't even think of that. I don't plan on selling anything, I just prefer keeping a log of my thoughts with a bit less noise. I'll be sure to keep posts like my last to my other Geppy thread.
No problem. I just want you to know what you are up against. Your thoughts are welcome on this thread too, but I was specifically referring to you linking to your blog. I don't know for sure, but I would think it's okay to have it in your signature, but not to explicitly post it like that because you would then be competing against Forex Factory, which I'm not sure, but could possibly make you a Commercial Member. And, should that ever happen, you will lose your red flag and all. Just an FYI.

To be safe, it would be best to check with Twee.
Please check out my blog at https://from-zero-to-hero . net
  • #860
  • Dec 8, 2014 10:16am Dec 8, 2014 10:16am
Quoting smash1820
{quote} No problem. I just want you to know what you are up against. Your thoughts are welcome on this thread too, but I was specifically referring to you linking to your blog. I don't know for sure, but I would think it's okay to have it in your signature, but not to explicitly post it like that because you would then be competing against Forex Factory, which I'm not sure, but could possibly make you a Commercial Member. And, should that ever happen, you will lose your red flag and all. Just an FYI. To be safe, it would be best to check with Twee....
I think its obvious he is not selling anything. #Rule 4: No commercial members. I would have stepped in if ever. All fine.
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