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Dragon Riders GBP/JPY

  • #1,161
  • Dec 10, 2014 8:05am Dec 10, 2014 8:05am
Quoting AllyB
{quote} oh wow just around the corner and you will never be ready
yea, it snuck up on me...
Look Sharp/Trade Tight
  • #1,162
  • Dec 10, 2014 8:14am Dec 10, 2014 8:14am
bbl...
Look Sharp/Trade Tight
  • #1,163
  • Dec 10, 2014 8:21am Dec 10, 2014 8:21am
Hello, I have been working all day and not watching the market, totally flat. Somehow this is a relaxed feeling. Looking at daily, PA looks very, very bearish to me. But Friday could bring a real mess. I feel not comfortable taking positions before the madness.
Fix up, trade sharp ...
  • #1,164
  • Dec 10, 2014 8:30am Dec 10, 2014 8:30am
Quoting Hickson
Hello, I have been working all day and not watching the market, totally flat. Somehow this is a relaxed feeling. Looking at daily, PA looks very, very bearish to me. But Friday could bring a real mess. I feel not comfortable taking positions before the madness.
Hey Hickson, I know the feeling, its really good when you are flat and watch the market sometimes.
  • #1,165
  • Dec 10, 2014 10:05am Dec 10, 2014 10:05am
+12

it's a dustbin trade!
Attached Image (click to enlarge)
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  • #1,166
  • Dec 10, 2014 12:24pm Dec 10, 2014 12:24pm
Nice bounce off 185 level, second time in two days, don't know what to make of it though, still long and added further to it.
Attached Image (click to enlarge)
Click to Enlarge Name: Dec12GJ.PNG Size: 60 KB
  • #1,167
  • Dec 10, 2014 12:53pm Dec 10, 2014 12:53pm
Ok, Dragon did it again. Time to rest and ready again for tomorrow.
  • #1,168
  • Dec 10, 2014 12:54pm Dec 10, 2014 12:54pm
185 rejected three times in the past hour. Very good chances of retesting 186.40/70 mark, and possibly 187.20~187.80
  • #1,169
  • Dec 10, 2014 2:03pm Dec 10, 2014 2:03pm
Quoting Vermillion
185 rejected three times in the past hour. Very good chances of retesting 186.40/70 mark, and possibly 187.20~187.80
Without looking at a chart and just visualizing this quote, sounds like a descending triangle to me.

Knock three times and the door tends to open ;-)
check out my blog: forexmademillionaire dot com
  • #1,170
  • Dec 10, 2014 3:34pm Dec 10, 2014 3:34pm
Funny thing now all these pairs are trading flat: u/j- g/j- a/u- u/cad- a/j- e/j
Which one will break out stronger?

G/U Pushing upward
N/U almost a pennant after large rise
E/u like a small arc
  • #1,171
  • Dec 10, 2014 4:13pm Dec 10, 2014 4:13pm
Quoting Geppy
{quote} Without looking at a chart and just visualizing this quote, sounds like a descending triangle to me. Knock three times and the door tends to open ;-)
I get the feeling that after a few times of trading back and forth, we'll see a break out soon enough.

There's the rising trendline which hasn't be completely thrown off the rails, and a newly formed descending triangle. Expect higher volatility as the price goes closer and closer to the end of the triangle formed by the two lines.
  • #1,172
  • Dec 10, 2014 4:42pm Dec 10, 2014 4:42pm
Wow. The geppy tried to breach the 185 line 10 times in the past 5 hours.

Amazing. I guess the bears really want to drive it down and test 184.
  • #1,173
  • Dec 10, 2014 5:04pm Dec 10, 2014 5:04pm
Quoting Vermillion
Wow. The geppy tried to breach the 185 line 10 times in the past 5 hours. Amazing. I guess the bears really want to drive it down and test 184.
Take a look at those daily sticks. That's a lot for bulls to overcome without picking up more buyers lower. (you can ignore my projection line). That's longer term and not carved in stone of course.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 55 KB
Ghost Rider - WWTBMD?
  • #1,174
  • Dec 10, 2014 6:31pm Dec 10, 2014 6:31pm
Oh man...the 7:42 New York time trade.......everyone start observing that P A.....it's when Sydney and then Tokyo start-up....Tokyo goes one hour later.......the pattern is so obvious...as if they can't muster anymore volatility than that....but toggle back and forth 39 pips to snipe off small pips at least....
  • #1,175
  • Dec 10, 2014 7:22pm Dec 10, 2014 7:22pm
Well, this is pathetic. I'm only getting small fraction of my profit because the geppy refuses to test the pivot point.

....I should've just cashed in. A loss of $1000 in profit....blegh.
  • #1,176
  • Dec 10, 2014 8:14pm Dec 10, 2014 8:14pm
Quoting Vermillion
Well, this is pathetic. I'm only getting small fraction of my profit because the geppy refuses to test the pivot point. ....I should've just cashed in. A loss of $1000 in profit....blegh.
It's december man. I'm taking a break until january.

Never thought how about how much of a role the big boys play until this month hit. Asia is normally pretty tight, now it's a rampage because nobody's putting in those 50 lot scalps to balance things out. I managed to pick up a good chunk on a retrace on the E/U, but I'm not testing my luck any further.

Good luck to all, hopefully you snag some green pips. See you in 2015.
  • #1,177
  • Dec 10, 2014 8:53pm Dec 10, 2014 8:53pm
sl'd out of my AJ longs, bastards...
Look Sharp/Trade Tight
  • #1,178
  • Dec 10, 2014 9:07pm Dec 10, 2014 9:07pm
Quoting Gbp/jpy
Oh man...the 7:42 New York time trade.......everyone start observing that P A.....it's when Sydney and then Tokyo start-up....Tokyo goes one hour later.......the pattern is so obvious...as if they can't muster anymore volatility than that....but toggle back and forth 39 pips to snipe off small pips at least....
obvious to you brother, I can't see a thing...today they came out of a range and went up...and these 39 pips you speak of, are they +/- off the 7:42 close?
Look Sharp/Trade Tight
  • #1,179
  • Dec 10, 2014 9:22pm Dec 10, 2014 9:22pm
Quoting PayTheLimit
{quote} obvious to you brother, I can't see a thing...today they came out of a range and went up...and these 39 pips you speak of, are they +/- off the 7:42 close?
If you can't see it, get out...

GET OUT.

Last warning.

GET OUT.

Take a break, and get back to it in january.
  • #1,180
  • Dec 10, 2014 9:31pm Dec 10, 2014 9:31pm
Quoting 4xNewGuy
{quote} If you can't see it, get out... GET OUT. Last warning. GET OUT. Take a break, and get back to it in january.
I am out...and I might just take off till Jan, don't tempt me..
Look Sharp/Trade Tight
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