Dragon Riders GBP/JPY | Page 143 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/JPY

Similar Threads

Enter The Dragon - GBP/JPY 2 replies

Info on the Borihei-Dragon Scalping System? 15 replies

The Dragon 441 replies

Scalping The Dragon 34 replies

***Dragon II*** 15 replies

Attachments: Dragon Riders GBP/JPY
Exit Attachments

Dragon Riders GBP/JPY

  • #2,841
  • Jan 19, 2015 12:32pm Jan 19, 2015 12:32pm
My Prediction for Thursday post ECB is lower euro on the scale of the program. The European indexes will be higher as money searches for yield. GBP/JPY will rally along on the good news too.
Be humble or be humbled.
  • #2,842
  • Jan 19, 2015 12:38pm Jan 19, 2015 12:38pm
Quoting Temujin
{quote} Yes much better to be long than short on this one. Ata Turk, do you think the Euro will plummet on the QE announce?
I don't make my decisions based on QE results.. for example Euro lost roughly 1500 pips the last 6 weeks against JPY (6 weeks before that it climbed up 1500 pips) this style of a rally up and then a rally down is rare.. and if you look on future ichimoku cloud on MONTHLY chart you will see a deep valley coming.. it means don't expect bull strength for Euro especially inside these months.. I would stay on the bearish side..

Happy Trades
Focus only on what truly matters!
  • #2,843
  • Edited 2:54pm Jan 19, 2015 2:31pm | Edited 2:54pm


Bounce?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 46 KB
Click to Enlarge Name: Screenshot2.png Size: 63 KB
  • #2,844
  • Jan 19, 2015 3:15pm Jan 19, 2015 3:15pm
Quoting thegmann
Bounce? {image} {image}
Cashing about 120 pips is enough for me here!
Fix up, trade sharp ...
  • #2,845
  • Jan 19, 2015 3:59pm Jan 19, 2015 3:59pm
Quoting Hickson
{quote} Cashing about 120 pips is enough for me here!
Watching for a break either up or down. May retest the high again, basically no mans land right now. Profits locked in. Getting closer to BOJ and ECB and the make or break on the charts .
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
Click to Enlarge Name: Screenshot2.png Size: 46 KB
Click to Enlarge Name: Screenshot3.png Size: 64 KB
Click to Enlarge Name: Screenshot4.png Size: 55 KB
Click to Enlarge Name: Screenshot5.png Size: 62 KB
  • #2,846
  • Jan 19, 2015 4:03pm Jan 19, 2015 4:03pm
Quoting thegmann
{quote} Watching for a break either up or down. May retest the high again, basically no mans land right now. Profits locked in. Getting closer to BOJ and ECB and the make or break on the charts . {image} {image}
Good luck, I go to bed. Work tomorrow, and shittly demand mails already coming in.
Fix up, trade sharp ...
  • #2,847
  • Jan 19, 2015 4:07pm Jan 19, 2015 4:07pm
Quoting thegmann
{quote} Watching for a break either up or down. May retest the high again, basically no mans land right now. Profits locked in. Getting closer to BOJ and ECB and the make or break on the charts . {image} {image}
Same. Locked in a couple dozen pips. I'm still leaning towards a final downward spurt before going to 180 and beyond. The only thing I'd advise newcomers to forex is to take note that a dovish BOJ may in fact lead to a fall in gpy/jpy. In fact, the only real important thing about news is when the market acts against it, in which you can tell whether market makers are having fun luring in retail traders before going in direction of the data, or if the current sentiment is too strong.

Either way, there's profit to be had this week. Just not today.

In the meanwhile, I'm having fun scalping the EUR/CHF. I'm just buying/selling 0.10 lot increments. But even that's been tapering off.....damn ECB.
  • #2,848
  • Jan 19, 2015 9:34pm Jan 19, 2015 9:34pm
Well, this is fun. We're seeing a retest of 178.40/30. At least I managed to lock in profits on the previous short. Who knows. It just might breach the decision point and continue upwards. Still taking another short at around 178.40/20 with tight stop loss.
  • #2,849
  • Edited 11:32pm Jan 19, 2015 11:10pm | Edited 11:32pm
Here we go. In at 178.34 SL 178.64. Off to bed zzzzz
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 64 KB
Click to Enlarge Name: Screenshot2.png Size: 47 KB
  • #2,850
  • Jan 19, 2015 11:53pm Jan 19, 2015 11:53pm
Quoting thegmann
{quote} Watching for a break either up or down. May retest the high again, basically no mans land right now. Profits locked in. Getting closer to BOJ and ECB and the make or break on the charts . {image} {image} {image} {image} {image}
I dont know about the analyize, but i like your charts mate
Probably the worlds best currency trader.
  • #2,851
  • Jan 20, 2015 12:31am Jan 20, 2015 12:31am
Quoting Ata-Turkoglu
{quote} I don't make my decisions based on QE results.. for example Euro lost roughly 1500 pips the last 6 weeks against JPY (6 weeks before that it climbed up 1500 pips) this style of a rally up and then a rally down is rare.. and if you look on future ichimoku cloud on MONTHLY chart you will see a deep valley coming.. it means don't expect bull strength for Euro especially inside these months.. I would stay on the bearish side.. Happy Trades
Good wisdom. Some say it is priced in already but many banks see 1.10-1.08 for EUR/USD by the years end. I think after the huge dip on the news then up.
Be humble or be humbled.
  • #2,852
  • Jan 20, 2015 12:40am Jan 20, 2015 12:40am
Quoting Temujin
{quote} Good wisdom. Some say it is priced in already but many banks see 1.10-1.08 for EUR/USD by the years end. I think after the huge dip on the news then up.
Thanks bro.. and I am waiting to see how the volatility will affect the markets today..

Happy Trades
Focus only on what truly matters!
  • #2,853
  • Jan 20, 2015 1:46am Jan 20, 2015 1:46am
Short 178.633, Stop 22 pips, sorry can just drop in briefly, loads of work on my table ...
Fix up, trade sharp ...
  • #2,854
  • Jan 20, 2015 2:01am Jan 20, 2015 2:01am
Quoting Hickson
Short 178.633, Stop 22 pips, sorry can just drop in briefly, loads of work on my table ...
OUT at BE.
Fix up, trade sharp ...
  • #2,855
  • Jan 20, 2015 2:43am Jan 20, 2015 2:43am
Price around 178.70 is the edge of the trendline on the hourly chart. If we do punch through the trendline, 179 will likely give way quickly as well. That area doesn't seem to provide a resistance/support, but more so a stimulus for further movement.

Let's see what the German ZEW has to offer; with any luck, the resulting euro impact might have something interesting for this pair.
  • #2,856
  • Jan 20, 2015 3:48am Jan 20, 2015 3:48am
Quoting thegmann
Here we go. In at 178.34 SL 178.64. Off to bed zzzzz {image} {image}
yup...broke out to the upside haha... VERY tight stop anyways so got taken out for minimal loss should of played it up anyways (rising triangle pattern) usually breaks out up after the 4th or so test too but ah well. Literally rising triangle to the T haha broke out retested res turned support twice then shot up rofl. Saddly had to go to bed wasn't able to monitor this one.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB
Click to Enlarge Name: Screenshot2.png Size: 66 KB
  • #2,857
  • Jan 20, 2015 3:58am Jan 20, 2015 3:58am
GBP USD pull back AND GBP JPY test resistance
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD_H1.....gif Size: 197 KB
Click to Enlarge Name: GBPJPY_H4.gif Size: 172 KB
  • #2,858
  • Jan 20, 2015 4:04am Jan 20, 2015 4:04am
check lower TF

1-2-3 reversal, not a pullback IMHO.
higher TF awaiting...

I will wait for JPY news before entering any JPY positions
Attached Image(s) (click to enlarge)
Click to Enlarge Name: WKTPhJv.png Size: 68 KB
Click to Enlarge Name: D9qhiTN.png Size: 60 KB
  • #2,859
  • Edited 4:20am Jan 20, 2015 4:09am | Edited 4:20am
Quoting Dano12
GBP USD pull back AND GBP JPY test resistance {image} {image}
nice charts we'll see.... Critical points on lot of charts right now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
Click to Enlarge Name: Screenshot2.png Size: 75 KB
Click to Enlarge Name: Screenshot3.png Size: 65 KB
Click to Enlarge Name: Screenshot4.png Size: 61 KB
Click to Enlarge Name: Screenshot5.png Size: 43 KB
  • #2,860
  • Jan 20, 2015 4:21am Jan 20, 2015 4:21am
Let's just wait for the dust to settle after the breakout. Missed the opportunity to buy at the test of the new support 178.40/30, but whatever.

We can always count on the market to give us another opportunity later. Waiting for a place to reload at the moment.
11 traders viewing now