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Dragon Riders GBP/JPY

  • #1,881
  • Jan 7, 2015 6:28am Jan 7, 2015 6:28am
Quoting FX-Ray
sold E/U 1.1845 by sell limit, target current daily low, SL: 3 pips
pic
Attached Image (click to enlarge)
Click to Enlarge Name: eu_short.png Size: 68 KB
  • #1,882
  • Jan 7, 2015 6:33am Jan 7, 2015 6:33am
Quoting FX-Ray
DP 179.30/20; if price gets there again, I'll buy. Waiting for MPC Rate Statement
Good morning,

Is there anything you are looking for in this MPC ? Just asked if I missed something on there! EU is good sell.
  • #1,883
  • Jan 7, 2015 6:38am Jan 7, 2015 6:38am
Quoting workingforex
{quote} Good morning, Is there anything you are looking for in this MPC ? Just asked if I missed something on there! EU is good sell.
Good afternoon Spartan,

If MPC Rate Statement dovish = current sentiment remains
If MPC Rate Statement hawkish = I'll buy at 179.30/20

Scroll back in your chart to DP 179.30/20, its support, if it holds fundamental trend may resume.

Add: Profit margin to recent high 189.80/70 is 1050Pips.
  • #1,884
  • Jan 7, 2015 6:47am Jan 7, 2015 6:47am
PA for GBP/JPY was more favorable in Asian session IMO. Hopefully this changes after US events today or UK tomorrow.

If GBP manages to strengthen (perhaps on the back of MPC), GBP/AUD is potential buy - IMO.
  • #1,885
  • Jan 7, 2015 6:47am Jan 7, 2015 6:47am
Quoting FX-Ray
{quote} Good afternoon Spartan, If MPC Rate Statement dovish = current sentiment remains If MPC Rate Statement hawkish = I'll buy at 179.30/20 Scroll back in your chart to DP 179.30/20, its support, if it holds fundamental trend may resume. Add: Profit margin to recent high 189.80/70 is 1050Pips.
Yes can't agree more, would add - data has been coming under the expected levels, also rate rise in UK has been pushed to 2016, overall I don't see any fundamental reason for GBP/JPY going down but this sentiment can stay here for a while and we might see a retrace as well. Again that can be a buying opportunity if you look have a long-term view. Just my 2 cents!
  • #1,886
  • Jan 7, 2015 6:53am Jan 7, 2015 6:53am
Quoting FX-Ray
{quote} pic {image}
Added, second on BE
Attached Image (click to enlarge)
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  • #1,887
  • Jan 7, 2015 6:56am Jan 7, 2015 6:56am
Quoting workingforex
{quote} Yes can't agree more, would add - data has been coming under the expected levels, also rate rise in UK has been pushed to 2016, overall I don't see any fundamental reason for GBP/JPY going down but this sentiment can stay here for a while and we might see a retrace as well. Again that can be a buying opportunity if you look have a long-term view. Just my 2 cents!
Thanks working, nice post.
  • #1,888
  • Jan 7, 2015 6:57am Jan 7, 2015 6:57am
Quoting FX-Ray
{quote} Added, second on BE {image}
Hi Fx-Ray, you always post M1 charts ... do you only use these for entries?
Fix up, trade sharp ...
  • #1,889
  • Jan 7, 2015 7:02am Jan 7, 2015 7:02am
Quoting Hickson
{quote} Hi Fx-Ray, you always post M1 charts ... do you only use these for entries?
I like M1 on E/U atm; I'll adapt depends on market conditions, its the closest to market reality.
  • #1,890
  • Jan 7, 2015 7:03am Jan 7, 2015 7:03am
Quoting FX-Ray
{quote} Added, second on BE {image}
Next add. SL: 3pips, TP: current low
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  • #1,891
  • Jan 7, 2015 7:03am Jan 7, 2015 7:03am
Closed the long from 179.73 in NY in London @ 180.06 for 33 pips. Went long again from 179.97 and TP'd pre N.Y. at 180.28 for another 31.
Be humble or be humbled.
  • #1,892
  • Jan 7, 2015 7:04am Jan 7, 2015 7:04am
Quoting Temujin
Closed the long from 179.73 in NY in London @ 180.06 for 33 pips. Went long again from 179.97 and TP'd pre N.Y. at 180.28 for another 31.
GL
  • #1,893
  • Jan 7, 2015 7:08am Jan 7, 2015 7:08am
Quoting FX-Ray
{quote} I like M1 on E/U atm; I'll adapt depends on market conditions, its the closest to market reality.
One thing is true about M1: It gives the fastest signal available, yet it is a lot of noise. But I thought about this myself these days: Drawing my fibs on higher TFs and check important levels and then decide what to do on m1. Why? I hope to get a better timing on entries with this so I could narrow my SL.
Fix up, trade sharp ...
  • #1,894
  • Jan 7, 2015 7:15am Jan 7, 2015 7:15am
Quoting Hickson
{quote} One thing is true about M1: It gives the fastest signal available, yet it is a lot of noise. But I thought about this myself these days: Drawing my fibs on higher TFs and check important levels and then decide what to do on m1. Why? I hope to get a better timing on entries with this so I could narrow my SL.
It isnt about signals; the real market is the tickchart, everything else is build around it. Thats the real market.

Add: Candles, Bars or you name it are a product of the tickchart.
  • #1,895
  • Jan 7, 2015 7:16am Jan 7, 2015 7:16am
Quoting FX-Ray
{quote} Next add. SL: 3pips, TP: current low {image}
Filled.

Add: Canceled one TP for one positions and set SL to +10; I wanna see if they can take out the low once again.
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  • #1,896
  • Jan 7, 2015 7:19am Jan 7, 2015 7:19am
@AllyB

Good morning,

you got any downside targets for me? Cheers
  • #1,897
  • Jan 7, 2015 7:23am Jan 7, 2015 7:23am
Quoting FX-Ray
@AllyB Good morning, you got any downside targets for me? Cheers
got 1.1795 so far..
  • #1,898
  • Jan 7, 2015 7:26am Jan 7, 2015 7:26am
Another technical question again ... I got the feeling that my MT4 got really slow since I put up some EMAs and watch M1. Showing a test on Cpu after cleaning up shows that the cpu is working 50-70 % most of the time, but that should still be ok. Can a laggy internet connection also make the MT4 platform slow? (Not only charting) It seems like I should get a new provider here ...
Fix up, trade sharp ...
  • #1,899
  • Jan 7, 2015 7:28am Jan 7, 2015 7:28am
Quoting Hickson
Another technical question again ... I got the feeling that my MT4 got really slow since I put up some EMAs and watch M1. Showing a test on Cpu after cleaning up shows that the cpu is working 50-70 % most of the time, but that should still be ok. Can a laggy internet connection also make the MT4 platform slow? (Not only charting) It seems like I should get a new provider here ...
It depends on your ping, the higher the ping the worst, I got 23ms, which is also pretty much if you consider that HFT are in the nanosecond-realm.
  • #1,900
  • Jan 7, 2015 7:29am Jan 7, 2015 7:29am
Quoting FX-Ray
{quote} got 1.1795 so far..
1.1793, red from monthly
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