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Dragon Riders GBP/JPY

  • #2,821
  • Edited Jan 20, 2015 1:33am Jan 19, 2015 11:02am | Edited Jan 20, 2015 1:33am
Quoting thegmann
{quote} Should be down now. {image}
im long at 800.. for like 100pip TP
Probably the worlds best currency trader.
  • #2,822
  • Jan 19, 2015 11:05am Jan 19, 2015 11:05am
Quoting Hickson
{quote} Caps it nicely ... maybe the breakout was the last higher high for a while, so short still valid.
Im seeing a good 60+ pip rejection. Trust me guys I am the most long biased there is but techs looking pretty good for short here.

Need clean break of 177.73 now Stops to BE, lets see
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  • #2,823
  • Jan 19, 2015 11:15am Jan 19, 2015 11:15am
Quoting Wheathermakr
{quote} im long at 800.. for like 100pip TP
Look at the 15 min. It is obviously in an uptrend. No real restistance until 179.
Be humble or be humbled.
  • #2,824
  • Jan 19, 2015 11:19am Jan 19, 2015 11:19am
Quoting Temujin
{quote} Look at the 15 min. It is obviously in an uptrend. No real restistance until 179.
Uptrend?

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  • #2,825
  • Jan 19, 2015 11:24am Jan 19, 2015 11:24am
Quoting Temujin
{quote} Look at the 15 min. It is obviously in an uptrend. No real restistance until 179.
trend? i consider my trade shortterm.. and i have my ways of trading.. im long 177.800 and TP at 90-100pips, sl is 50pips.. nice 2 rewardd
Probably the worlds best currency trader.
  • #2,826
  • Jan 19, 2015 11:24am Jan 19, 2015 11:24am
not exactly GBPJPY but GBPAUD looking very interesting just entered long little while ago.
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  • #2,827
  • Jan 19, 2015 11:25am Jan 19, 2015 11:25am
Quoting Geppy
{quote} Uptrend? {image}
I am also not so convinced by statement of uptrend on 15 M chart?
Fix up, trade sharp ...
  • #2,828
  • Jan 19, 2015 11:28am Jan 19, 2015 11:28am
Quoting Hickson
{quote} I am also not so convinced by statement of uptrend on 15 M chart?
ill have to agree with this pretty much anything under a daily is looking real bearish. Short time frame of course. Overall trend is up for me until 173 is broken, then i'll consider a reversal.

This chart right here to me though just screams more down. I wouldn't dare a long yet from these levels. Hold em if you got em from lower but don't add here. Weve been bouncing around 177-178.35 I would expect at least 177 again, possibly lower as we've already broken 177 once for over 100 pips.
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  • #2,829
  • Jan 19, 2015 11:29am Jan 19, 2015 11:29am
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Ghost Rider - WWTBMD?
  • #2,830
  • Jan 19, 2015 11:36am Jan 19, 2015 11:36am
Quoting albchr
{image} {image}
Nice chart, looks like we've been broken out of that upward channel retested right at the 178.35 resistance zone and hard rejection.
  • #2,831
  • Jan 19, 2015 11:39am Jan 19, 2015 11:39am
Quoting albchr
{image} {image}
Hi chris, nice charts. What are the boxes? Supply and demand zones?
Fix up, trade sharp ...
  • #2,832
  • Jan 19, 2015 11:43am Jan 19, 2015 11:43am
Quoting thegmann
{quote} Nice chart, looks like we've been broken out of that upward channel retested right at the 178.35 resistance zone and hard rejection.
Second rejection. Slightly stronger case now.
Quoting Hickson
{quote} Hi chris, nice charts. What are the boxes? Supply and demand zones?
.. You got it sir.
Ghost Rider - WWTBMD?
  • #2,833
  • Edited 12:23pm Jan 19, 2015 11:45am | Edited 12:23pm
Quoting Temujin
{quote} Look at the 15 min. It is obviously in an uptrend. No real restistance until 179.
Don't look only at the 15min; try looking at the 1hr and daily as well for more accuracy.You have to keep in mind that the US bank is on holiday. This means that the USD/JPY is in essence stuck in limbo for this day, and will not move beyond pre-established ranges. Since the movements of the USD/JPY have a huge impact on the GBP/JPY (they're pretty much one and the same in terms of movements for over half the time), we will likely not see it move past 178.40, and I am doubtful of a breah below 176 today (177 will be the more closer support).

That's why I took a massive short selling at around 178.320. Already locked in profits, and am waiting to take partials at 177. It might be suicidal to most, but it worked out.

Edit: How the hell did I type 178 as 180? I blame alcohol.

Edit 2: Scheduled to take profit at 178 if 177.70 continues to be a zone for a bounce.
  • #2,834
  • Jan 19, 2015 12:05pm Jan 19, 2015 12:05pm
Quoting Geppy
{quote} Uptrend? {image}
175.75 was the low IMO. You're seeing lower highs but I see higher lows.
Be humble or be humbled.
  • #2,835
  • Jan 19, 2015 12:12pm Jan 19, 2015 12:12pm
On smaller timeframes than 30 min. we are in a sideways move.. to have a continuation of an uptrend we need to climb back up above 178.02 at least.. unless that happens and since vola is low today it is the best to stay out and just watch where the market decides to move.. on weekly chart it seems like a big retracement is about to finish so speaking in terms of weekly we may go long again soon but then we also have to keep in mind daily is still below ichimoku cloud and therefore short.. taugh times... the best is waiting..

Happy Trades
Focus only on what truly matters!
  • #2,836
  • Jan 19, 2015 12:17pm Jan 19, 2015 12:17pm
Quoting Ata-Turkoglu
On smaller timeframes than 30 min. we are in a sideways move.. to have a continuation of an uptrend we need to climb back up above 178.02 at least.. unless that happens and since vola is low today it is the best to stay out and just watch where the market decides to move.. on weekly chart it seems like a big retracement is about to finish so speaking in terms of weekly we may go long again soon but then we also have to keep in mind daily is still below ichimoku cloud and therefore short.. taugh times... the best is waiting.. Happy Trades
You should back up the truck and load it up with long positions before Thursday. Draghi is gonna force the hot money into equities and GJ follows stocks.

Weekly Resisance at 181.50
Be humble or be humbled.
  • #2,837
  • Jan 19, 2015 12:20pm Jan 19, 2015 12:20pm
Quoting Temujin
{quote} You should back up the truck and load it up with long positions before Thursday. Draghi is gonna force the hot money into equities and GJ follows stocks.
Thanks for the heads up bro..

Well I have already some longs and will add more as soon as I see higher low fractals on 5 min.. right now no sign of higher lows on 5 minute.. so I am waiting..

Happy Trades
Focus only on what truly matters!
  • #2,838
  • Jan 19, 2015 12:20pm Jan 19, 2015 12:20pm
I'm looking at a potential intraday top forming over key 177.74. First 178.34 needs to hold the highs or breach only slightly if that, second an hourly close below 177.60 with the retrace playable all the way up to 177.95 targeting a test of key support at 176.27.
  • #2,839
  • Jan 19, 2015 12:24pm Jan 19, 2015 12:24pm
Quoting Ata-Turkoglu
{quote} Thanks for the heads up bro.. Well I have already some longs and will add more as soon as I see higher low fractals on 5 min.. right now no sign of higher lows on 5 minute.. so I am waiting.. Happy Trades
Yes much better to be long than short on this one. Ata Turk, do you think the Euro will plummet on the QE announce?
Be humble or be humbled.
  • #2,840
  • Jan 19, 2015 12:26pm Jan 19, 2015 12:26pm
Quoting ClinicalEx
I'm looking at a potential intraday top forming over key 177.74. First 178.34 needs to hold the highs or breach only slightly if that, second an hourly close below 177.60 with the retrace playable all the way up to 177.95 targeting a test of key support at 176.27.
Money can be made both ways here, even the retraces are trades themselves.
Be humble or be humbled.
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