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Dragon Riders GBP/JPY

  • #1,021
  • Dec 9, 2014 5:42pm Dec 9, 2014 5:42pm
Quoting AllyB
{quote} havenit looked at EU lately so I just put some dust bin levels and I get 2435 2447 is todays's high so does need to be tested
Ally, you might already know this by now, but for clarification: the general consensus in the Euro forum is that the descending triangle has its resistance around 2450, so 2447 would be a really good place to short.
  • #1,022
  • Dec 9, 2014 6:36pm Dec 9, 2014 6:36pm
Quoting FX-Ray
{quote} got this one, short @ DP. Im off, bbl, laters {image}
you are the man ...

got a pending set at 187.53 for a few

I am off here also ... laters
  • #1,023
  • Dec 9, 2014 6:37pm Dec 9, 2014 6:37pm
Quoting Vermillion
{quote} Ally, you might already know this by now, but for clarification: the general consensus in the Euro forum is that the descending triangle has its resistance around 2450, so 2447 would be a really good place to short.
nice

won't trade it yet but good to get the input

have a nice evening and laters
  • #1,024
  • Dec 9, 2014 7:04pm Dec 9, 2014 7:04pm
Gosh, this PA reminds me of ~ 23rd Sept. I believe there was a false breakout back then, before price returned to a narrow range. Not exactly the same, but similar hammer type formation.
  • #1,025
  • Dec 9, 2014 7:07pm Dec 9, 2014 7:07pm
Quoting AllyB
{quote} you are the man ... got a pending set at 187.53 for a few I am off here also ... laters
hey little girl, want some candy?

merry Christmas
those who can, do. those who cant, talk about those who can
  • #1,026
  • Dec 9, 2014 7:44pm Dec 9, 2014 7:44pm
The data from China (aka the yuan or renminbi) is bad. As expected, we're seeing a re-surgence in dollar buying as people are dumping the yuan for its main competitor, the US dollar.


Only question is whether this stimulus is temporary, and eventually lead to a correction down to 186.5 levels in a few hours to half a day, or bring it back to bullish square one (the original pivot point of 188.9)
  • #1,027
  • Dec 9, 2014 10:08pm Dec 9, 2014 10:08pm
Current positions for the GBP/JPY.

http://www.picresize.com/images/rsz_1screenshot_49.png

Note: I view many of them as heavily risk oriented. I do not recommend people following my positions if they're not already in the market. Current sells are set to break slightly above even. With current weekly profits, I have enough to cover the worst case scenario, for my other positions which is essentially a setback in my account for a week.

Minimum profit: Break even ~ $20

Maximum profit (goal): Around $500

Good luck to all those who are braving the market admist a bad time for the USD.
  • #1,028
  • Dec 9, 2014 10:14pm Dec 9, 2014 10:14pm
Quoting AllyB
{quote} you are the man ... got a pending set at 187.53 for a few I am off here also ... laters
Ghost Rider - WWTBMD?
  • #1,029
  • Dec 9, 2014 10:16pm Dec 9, 2014 10:16pm
Quoting Vermillion
Current positions for the GBP/JPY. {image} Note: I view many of them as heavily risk oriented. I do not recommend people following my positions if they're not already in the market. Current sells are set to break slightly above even. With current weekly profits, I have enough to cover the worst case scenario, for my other positions which is essentially a setback in my account for a week. Minimum profit: Break even ~ $20 Maximum profit (goal): Around $500
Hi Vermillion,
Nice Trades I have also watching the market i entered at 187.7 and took profit at 187.1 did not hold into the position chickened out
Anyway hoping to get back into a buy trade 186.5 area
  • #1,030
  • Dec 9, 2014 10:28pm Dec 9, 2014 10:28pm
Quoting Vermillion
Current positions for the GBP/JPY. {image} Note: I view many of them as heavily risk oriented. I do not recommend people following my positions if they're not already in the market. Current sells are set to break slightly above even. With current weekly profits, I have enough to cover the worst case scenario, for my other positions which is essentially a setback in my account for a week. Minimum profit: Break even ~ $20 Maximum profit (goal): Around $500 Good luck to all those who are braving the market admist a bad time for the USD.
Target of 186.550 reached, pocketed $530.

Reloaded a long at 186.500, waiting to see if it holds. If it does, expect a retest of 187.60/80 like FX-Ray said, and also for a chance of going back to the previous pivot daily point (188.9)

If not, then we'll see 185.50/70, with a breach of 185 confirming continued downtrend.

My god, the geppy is going wild today.

Edit: Quick question to all you traders out there. On volatile days like this, what's the average size of your trades? 1 lot? 0.5 lots? 3 lots?
  • #1,031
  • Dec 9, 2014 10:55pm Dec 9, 2014 10:55pm
Quoting smash1820
PS: Get ready for "Round 2" soon...
"Round 2" is getting started now, just like I said. Although I didn't bank 1 pip on it (wasn't at my computer), at least I was right. I usually am.

Whatever, I don't even care anymore...
Please check out my blog at https://from-zero-to-hero . net
  • #1,032
  • Dec 9, 2014 11:46pm Dec 9, 2014 11:46pm
maybe some r in the yen at 119.09/14, am looking at it for a place to put some shorts on...not seeing much else..back a little later, gl..
Look Sharp/Trade Tight
  • #1,033
  • Dec 10, 2014 12:56am Dec 10, 2014 12:56am
Again, pierced the support on the 4h, but quickly moved right back up into it.

Set my stop to BE, and leaving my TP open for now. This bastard took me out on more than a few trades this week. I think I'm going to see a nice little bit of payback.
Attached Image (click to enlarge)
Click to Enlarge Name: 4h.png Size: 35 KB
  • #1,034
  • Dec 10, 2014 1:01am Dec 10, 2014 1:01am
Morning,

8am here and im getting ready to trade, hope you guys are fresh and motivated
  • #1,035
  • Dec 10, 2014 1:06am Dec 10, 2014 1:06am
Quoting FX-Ray
{quote} I took profits, I think area 186.75/45 is going to be tested again before we see any significant upmove.
Done, pierced it atr fair. If support next is 187.80/00, otherwise 185.70/50

Chart 1H
Attached Image (click to enlarge)
Click to Enlarge Name: atr.png Size: 42 KB
  • #1,036
  • Dec 10, 2014 1:11am Dec 10, 2014 1:11am
Hi FX-Ray,
6.09 pm here so just eating my dinner...
Enjoy reading this thread. .Please keep up the great work.
Cheers,
Ronald
Ronnie Renko
  • #1,037
  • Dec 10, 2014 1:16am Dec 10, 2014 1:16am
Quoting Ced74
Hi FX-Ray, 6.09 pm here so just eating my dinner... Enjoy reading this thread. .Please keep up the great work. Cheers, Ronald
Enjoy your meal Thanks Ronald
  • #1,038
  • Dec 10, 2014 1:17am Dec 10, 2014 1:17am
Quoting FX-Ray
{quote} Done, pierced it atr fair. If support next is 187.80/00, otherwise 185.70/50 Chart 1H {image}
Btw anyone catched a short at 187.80/70 five hours ago?
  • #1,039
  • Dec 10, 2014 1:22am Dec 10, 2014 1:22am
Quoting FX-Ray
{quote} Done, pierced it atr fair. If support next is 187.80/00, otherwise 185.70/50 Chart 1H {image}
Chart M1
Attached Image (click to enlarge)
Click to Enlarge Name: atr_orderflow.png Size: 30 KB
  • #1,040
  • Dec 10, 2014 1:24am Dec 10, 2014 1:24am
what about EY, anyone with a mid term view...was some damage done yesterday with the break of 147.02...seems like a failure against last months high now to me...I wonder if 149.50 would offer a nice short opp...
Look Sharp/Trade Tight
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