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Dragon Riders GBP/JPY

  • #3,141
  • Feb 3, 2015 4:11am Feb 3, 2015 4:11am
Will try a short scalper trade if price touches 176.58 in 15 minutes...

Edit: pending order just triggered..

Happy Trades
Focus only on what truly matters!
  • #3,142
  • Feb 3, 2015 4:40am Feb 3, 2015 4:40am
Quoting Ata-Turkoglu
Will try a short scalper trade if price touches 176.58 in 15 minutes... Edit: pending order just triggered.. Happy Trades
Should close my scalper with +10.. but hesitated and it was too late.. anyway -10 pips loss.. but it seems we are very close to the next resistance.. will close my longs around 176.90

Happy Trades
Focus only on what truly matters!
  • #3,143
  • Feb 3, 2015 4:46am Feb 3, 2015 4:46am
Quoting Ata-Turkoglu
Will try a short scalper trade if price touches 176.58 in 15 minutes... Edit: pending order just triggered.. Happy Trades
have a pending at 176. 960
A good trader follows his rules, but great trader knows when to break them
  • #3,144
  • Feb 3, 2015 4:47am Feb 3, 2015 4:47am
Quoting Ata-Turkoglu
{quote} Should close my scalper with +10.. but hesitated and it was too late.. anyway -10 pips loss.. but it seems we are very close to the next resistance.. will close my longs around 176.90 Happy Trades
Closing longs that early? I'm guessing you're going to scalp the yen pairs, then? I'm personally aiming for 178.60 before any significant corrections occur, especially since there doesn't seem to be enough time for the pair to fall through 175.70 prior to Friday, which will likely be the lynch of next week's movements.
  • #3,145
  • Feb 3, 2015 4:49am Feb 3, 2015 4:49am
Quoting Vermillion
{quote} Closing longs that early? I'm guessing you're going to scalp the yen pairs, then? I'm personally aiming for 178.60 before any significant corrections occur, especially since there doesn't seem to be enough time for the pair to fall through 175.70 prior to Friday, which will likely be the lynch of next week's movements.
I am closing temporarily... will re-enter with better price later..
Focus only on what truly matters!
  • #3,146
  • Feb 3, 2015 4:50am Feb 3, 2015 4:50am
Quoting ill_be_back
{quote} have a pending at 176. 960
Sounds safe.. will try another scalper there too..
Focus only on what truly matters!
  • #3,147
  • Edited 7:57am Feb 3, 2015 7:43am | Edited 7:57am
Pending placed, only for some scalping - target test of 176.80 area!


Edit: Stopped out - will wait now!
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  • #3,148
  • Feb 3, 2015 8:41am Feb 3, 2015 8:41am
Hey, guys went short in GBPJPY on 1h on Bearish Cypher - for s/l and t/p see here

http://myforexuniverse.com/wp-conten...ish-Cypher.png
  • #3,149
  • Feb 3, 2015 8:44am Feb 3, 2015 8:44am
Quoting AlexVonRose
Hey, guys went short in GBPJPY on 1h on Bearish Cypher - for s/l and t/p see here {image}
I love someone keeping us informed on symmetry.....yhanks, man
  • #3,150
  • Feb 3, 2015 8:57am Feb 3, 2015 8:57am
Quoting AlexVonRose
Hey, guys went short in GBPJPY on 1h on Bearish Cypher - for s/l and t/p see here {image}
Also short at 177.5 sl above 178. If we break 178 things could get ugly but we made a LL so my bias has changed to at least a test of around 174.7 now. 178 should be big resistance as well.

Kind of off topic but stocks are rallying real nice now though . Making some nice money on McDermott stock bought in to this bad boy recently around $2.30 price is up over .30 today was amazed it was trading so low recently especially with as solid a balance sheet and nearly $4 billion in backlog orders/projects. Stocks a steal worth $5 easy.
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  • #3,151
  • Feb 3, 2015 9:08am Feb 3, 2015 9:08am
Quoting Gbp/jpy
{quote} I love someone keeping us informed on symmetry.....yhanks, man
I love market harmonics and structure trading so you will see many from me
  • #3,152
  • Feb 3, 2015 9:34am Feb 3, 2015 9:34am
178.30 is the area where I plan to close my longs again.. will see.. right now very low volatility.. maybe after midnight..

Happy Trades
Focus only on what truly matters!
  • #3,153
  • Feb 3, 2015 10:03am Feb 3, 2015 10:03am
Quoting Vermillion
U.K. construction PMI did better than expected, but we haven't seen much of a spike. 3 things I suppose. It could be that 176.20 is a much stronger resistance than expected, and since we were dancing on 176.30/20 right before the news, we might need to go a bit lower before heading up and retesting it. Or, it could mean than the PMI was already priced in before through a news leak, which could explain the shift from a strong struggle at 175.70 to 176.20 during the London session. Markit Co. news tend to be famous for being priced in before the official...
Kind of coinciding with a high on the DXY and a base with GBP/USD. Something is telling me this is some kind of interim low. Long GBP/USD. Still trying to understand the daily TF. So much easy money there to those that know it.
Be humble or be humbled.
  • #3,154
  • Feb 3, 2015 10:51am Feb 3, 2015 10:51am
Lovely number 177.777
Focus only on what truly matters!
  • #3,155
  • Feb 3, 2015 12:17pm Feb 3, 2015 12:17pm
Quoting thegmann
{quote} Also short at 177.5 sl above 178. If we break 178 things could get ugly but we made a LL so my bias has changed to at least a test of around 174.7 now. 178 should be big resistance as well. Kind of off topic but stocks are rallying real nice now though . Making some nice money on McDermott stock bought in to this bad boy recently around $2.30 price is up over .30 today was amazed it was trading so low recently especially with as solid a balance sheet and nearly $4 billion in backlog orders/projects. Stocks a steal worth $5 easy. {image}...
Equities are great wealth boosters. Awesome find Gmann.
Be humble or be humbled.
  • #3,156
  • Feb 3, 2015 12:21pm Feb 3, 2015 12:21pm
Quoting Ata-Turkoglu
Lovely number 177.777
Hopefully we see some healthy pullbacks that are supported by different EMA periods on the H1. If so this will last 2 to 3 days.

All about the USD. USD/JPY has the opposite effect.
Be humble or be humbled.
  • #3,157
  • Edited 2:03pm Feb 3, 2015 12:45pm | Edited 2:03pm
Quoting Temujin
{quote} Hopefully we see some healthy pullbacks that are supported by different EMA periods on the H1. If so this will last 2 to 3 days. All about the USD. USD/JPY has the opposite effect.
We're likely to push into the next fib/descending triangle resistance, which is around 178.40/30, with potential to scratch up to 178.80. But after reaching any of these areas, I expect a pullback in the dozens~ slightly 100+pips. On the flip side, I don't think the bulls are over yet. We're trading in between 177.70 and 178.40/30, so there's room to the upside. If you want to short, try shorting later, since we also have a good chance of touching 178.60 (which seems to be a tested and held resistance on several occasion).

If there's one thing I learned about the gbp/jpy, is that you have to treat her right. Don't follow her around; let her come to you.

update: If we do punch past 179 in tokyo, prepare to go long but be wary of 179-179.30. If it holds we mat still conform to the descending triangle, so that'll be a bull trap to watch for.
  • #3,158
  • Feb 3, 2015 12:56pm Feb 3, 2015 12:56pm
Quoting Vermillion
{quote} We're likely to push into the next fib/descending triangle resistance, which is around 178.40/30, with potential to scratch up to 178.80. But after reaching any of these areas, I expect a pullback in the dozens~ slightly 100+pips. On the flip side, I don't think the bulls are over yet. We're trading in between 177.70 and 178.40/30, so there's room to the upside. If you want to short, try shorting later, since we also have a good chance of touching 178.60 (which seems to be a tested and held resistance on several occasion). If there's one...
Precious advice.. appreciated
Focus only on what truly matters!
  • #3,159
  • Feb 3, 2015 1:56pm Feb 3, 2015 1:56pm
Manually closed all my longs at 178.30.. opened a short counter trade..

Happy Trades
Focus only on what truly matters!
  • #3,160
  • Edited 2:11pm Feb 3, 2015 2:00pm | Edited 2:11pm
Currently watching eur/usd. We have a squeeze on the dollar today. Key area for bears are 1.50, 1.145, 1.140. After that, we have a clear trend and you should be able to trade the rest.

Currently shorting 1.15.

Update: Closed all longs from 176.525 at 178.380s. Awaiting chart movements to confirm short, or 178.60 for manual sell trigger.

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Anyone watching eur/chf? It's been my main breadwinner for today. Wonderful SNB has decided to all but formally intervene without the fanfare.
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