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Dragon Riders GBP/JPY

  • #1,861
  • Jan 6, 2015 11:58am Jan 6, 2015 11:58am
  •  turnfx
  • | Joined Dec 2014 | Status: Only money management is the key of | 334 Posts
good shot ray ..... am not expecting for too low today ... but it is
  • #1,862
  • Jan 6, 2015 12:05pm Jan 6, 2015 12:05pm
Quoting FX-Ray
im done for today guys, wish you all a nice evening
Enjoy your evening, catch you tomorrow!
  • #1,863
  • Jan 6, 2015 12:38pm Jan 6, 2015 12:38pm
Hey. Guys i am a new trader, could any of u pls advice the best n easy EA to use (download ) i trade on M1 GPY/JPY i still dont understand many indicators i am currently on MT4 on my iphone and would wana setup on desktop.

Thanks in advance
  • #1,864
  • Jan 6, 2015 2:13pm Jan 6, 2015 2:13pm
I have pending longs on GBPJPY @ 178.850 and 177.000 these will be big time holds this is a monster retrace with pretty much no change in fundamentals I am viewing this as a GREAT chance to reload long for eventual move to 192+. Looking at the weekly chart a retrace as far south as 177 could be expected using the previous downward move from Sept-Oct of last year as a proxy. I will be looking to scale in with an initial position at 178.85 which coincides with the 50% fib retrace on both the daily and weekly charts. My second scale in will be at 177 (if price continues further downward) which will lead me with an average position of 177.925. A SL will be placed at 173.125 where if reached will signify a big trend reversal and possibility of longer term top at 189 and a bigger downward leg. Looking at the monthly 179-177 offers great support and I am looking for a bounce around that level and a continuation upwards.
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  • #1,865
  • Jan 6, 2015 2:49pm Jan 6, 2015 2:49pm
Trying shorts.
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  • #1,866
  • Jan 6, 2015 2:54pm Jan 6, 2015 2:54pm
Quoting NWGstudent
Trying shorts. {image}
SL at BE now considering todays move it might be finished
  • #1,867
  • Jan 6, 2015 3:04pm Jan 6, 2015 3:04pm
Quoting Pixie666
Hey. Guys i am a new trader, could any of u pls advice the best n easy EA to use (download ) i trade on M1 GPY/JPY i still dont understand many indicators i am currently on MT4 on my iphone and would wana setup on desktop. Thanks in advance
Gidday Pixie

Playing in the Dragons Den

tried a couple out

would not do it again on this pair

Take look at AUS/NZ trade that pair back up 1.04

Get in lower levels an wait
  • #1,868
  • Jan 6, 2015 3:14pm Jan 6, 2015 3:14pm
Quoting eliteincome
{quote} Gidday Pixie Playing in the Dragons Den tried a couple out would not do it again on this pair Take look at AUS/NZ trade that pair back up 1.04 Get in lower levels an wait
Thanks, i will look into that pair
  • #1,869
  • Jan 6, 2015 3:16pm Jan 6, 2015 3:16pm
Quoting NWGstudent
Trying shorts. {image}
Profit of the table, need to change sleeping rythm before going back to daily schedule.

Thanks for today, this is a really great thread
  • #1,870
  • Jan 6, 2015 7:15pm Jan 6, 2015 7:15pm
Set up for rebound off it's 1.7950 after downward channel broke.
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Target 180.50 / 182.50.
Stop 1.7910

RR: 1:1 / 1:5

Watch out for the US, UK Rate Statement within the next 36 hours.

Good luck.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #1,871
  • Jan 6, 2015 8:44pm Jan 6, 2015 8:44pm
Seems one more dump (seemingly, back to 179-177.5, before realigning to trend - imo.
  • #1,872
  • Jan 6, 2015 8:46pm Jan 6, 2015 8:46pm
vanilla option:

call (long/buy)
GBP/JPY

strike 181.00
duration: 5d
premium pay

testing but not taking any risks here,
regards.
  • #1,873
  • Jan 6, 2015 9:37pm Jan 6, 2015 9:37pm
Quoting openyoureyes
vanilla option: call (long/buy) GBP/JPY strike 181.00 duration: 5d premium pay testing but not taking any risks here, regards.
H4 charts seems like going to test 181 then 184. I'm looking to sell at 183 or 184. will c what happens when london opens. happy trading guys
  • #1,874
  • Jan 6, 2015 10:12pm Jan 6, 2015 10:12pm
Quoting melvinlimmy
{quote} H4 charts seems like going to test 181 then 184. I'm looking to sell at 183 or 184. will c what happens when london opens. happy trading guys
Good plan, man....London will be jumpin.....
  • #1,875
  • Jan 7, 2015 1:37am Jan 7, 2015 1:37am
Quoting Didgeridoo
Seems one more dump (seemingly, back to 179-177.5, before realigning to trend - imo.
Sounds very likely indeed. One piece has to fit though. The DOW Jones top must not be 18,000 but higher. If it is not then we are in a major corrective downtrend with the top of GJ being 189.69. When Japan hits that inflation target of 2% the ride is over, back to the 160's.
Be humble or be humbled.
  • #1,876
  • Jan 7, 2015 2:42am Jan 7, 2015 2:42am
Quoting Temujin
{quote} Sounds very likely indeed. One piece has to fit though. The DOW Jones top must not be 18,000 but higher. If it is not then we are in a major corrective downtrend with the top of GJ being 189.69. When Japan hits that inflation target of 2% the ride is over, back to the 160's.
Interesting. USD looks overstretched, so I lean towards overall bearishness (given usd/jpy correlation). But, upward momentum atm - imo.
  • #1,877
  • Jan 7, 2015 5:10am Jan 7, 2015 5:10am
Quoting AllyB
{quote} try this software ... I been using it for over a year and seems to work nicely. http://download.cnet.com/f-lux/3000-...-75447318.html
Thanks AllyB....Great help for my old eyes.
Ronald
Ronnie Renko
  • #1,878
  • Jan 7, 2015 5:42am Jan 7, 2015 5:42am
bought 20ish for 180.90/80; stop tight
  • #1,879
  • Jan 7, 2015 6:23am Jan 7, 2015 6:23am
DP 179.30/20; if price gets there again, I'll buy. Waiting for MPC Rate Statement
  • #1,880
  • Jan 7, 2015 6:24am Jan 7, 2015 6:24am
sold E/U 1.1845 by sell limit, target current daily low, SL: 3 pips
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