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Dragon Riders GBP/JPY

  • #3,261
  • Feb 5, 2015 7:16am Feb 5, 2015 7:16am
Quoting Ata-Turkoglu
Thinking out loud.. it seems like the best to stay bullish..
We might see choppy action depending on how bad the US data is. If it's good, I expect 180.20/00. If its moderately bad, meh-still somewhat bullish based on current charts. If it's excessively bad, I'll just be on my couch, sipping coffee.
  • #3,262
  • Feb 5, 2015 7:19am Feb 5, 2015 7:19am
Will ride the bull move till 179.75... there I can scalp short again..

Happy Trades
Focus only on what truly matters!
  • #3,263
  • Feb 5, 2015 7:20am Feb 5, 2015 7:20am
Quoting Vermillion
All UK data is as expected, and maintained the same as previous months. We've a green light to test 179.20/00 right now, possibly 179.40 (a technical resistance based on yesterday's chart movements, but this may not be accurate as we had an outlier event in the form of Greece yesterday) .
Took profit. We've hit the next key area. I expect a small pullback (possibly not depending on US data), followed by a pursuit to 180.20/00, as long as this bullish trend remains.
  • #3,264
  • Feb 5, 2015 7:21am Feb 5, 2015 7:21am
Quoting whatever007
Not the highest probability but worth a short shot. {image}
Didn't think that would work, clear shot to 180.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #3,265
  • Feb 5, 2015 7:28am Feb 5, 2015 7:28am
Quoting mikajap
currently pa wants to go up and break the range, {image}
range breakout successful, i bought because i se PA has an urgency to go up.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
Reaction is better than Prediction
  • #3,266
  • Feb 5, 2015 7:31am Feb 5, 2015 7:31am
US News is positive (but not that as much as it could be, since trade balance is negative. Good for geppy, though), good chance of of moving to next resistance. However, we have a chance of a small pullback down to 179.20~178.80 before we get there.
  • #3,267
  • Feb 5, 2015 7:35am Feb 5, 2015 7:35am
Quoting mikajap
{quote} range breakout successful, i bought because i se PA has an urgency to go up. {image}
Be on the lookout for possible pullbacks in preparation to move up. Otherwise, aim for the next 2 previous resistance on the 4 hour chart. That's my strategy, at least.

I'm probably not going to hedge any positions on pre-NFP Friday.
  • #3,268
  • Feb 5, 2015 7:37am Feb 5, 2015 7:37am
Closed my long and opened short at 179.80 ... was quicker than expected

Happy Trades
Focus only on what truly matters!
  • #3,269
  • Feb 5, 2015 7:43am Feb 5, 2015 7:43am
The fact that the gbp/jpy's moving to the final resistance of the 4 hour descending triangle is a bit nerve-wracking.

I wonder what'll happen tomorrow. Hoping for good US data, since that'll put us on the track to potentially back to 189.

If US data is overwhelmingly positive, I'm taking a few longs right up to 189. Others I'll probably take partials and trade between the support/resistances.
  • #3,270
  • Feb 5, 2015 7:48am Feb 5, 2015 7:48am
Quoting Vermillion
{quote} Be on the lookout for possible pullbacks in preparation to move up. Otherwise, aim for the next 2 previous resistance on the 4 hour chart. That's my strategy, at least. I'm probably not going to hedge any positions on pre-NFP Friday.
already closed 2/3rd of long. 1/3 will be free ride
Reaction is better than Prediction
  • #3,271
  • Feb 5, 2015 8:02am Feb 5, 2015 8:02am
A nice dragonfly doji on 15 min. could be signal for some retracement.. I am sensing weak bull power here..
Focus only on what truly matters!
  • #3,272
  • Feb 5, 2015 8:13am Feb 5, 2015 8:13am
Quoting Ata-Turkoglu
A nice dragonfly doji on 15 min. could be signal for some retracement.. I am sensing weak bull power here..
The likely low I expect for pullback is 178.50. Still a bit iffy as to if it'll hit 179/178.80. What numbers are you looking for? I expect at least 179.20.
  • #3,273
  • Feb 5, 2015 8:15am Feb 5, 2015 8:15am
Took another short after the one at 178.37 Pre London.

Can't.............Ghhaaaa.......hurts....turn it off.
Be humble or be humbled.
  • #3,274
  • Feb 5, 2015 8:17am Feb 5, 2015 8:17am
Quoting Ata-Turkoglu
Closed my long and opened short at 179.80 ... was quicker than expected Happy Trades
Now closed my short at 179.55 (had +47 pips from the rally and now +25 from the retrace) will wait to see how it goes on the retest of top level..
Focus only on what truly matters!
  • #3,275
  • Feb 5, 2015 8:24am Feb 5, 2015 8:24am
Quoting Vermillion
{quote} The likely low I expect for pullback is 178.50. Still a bit iffy as to if it'll hit 179/178.80. What numbers are you looking for? I expect at least 179.20.
Yes 179.20 is still possible but didn't want to risk the strong resistance at 179.50.. I believe we won't have lower lows before that level is defeated..

I believe on 15 min. chart we are on the 4th wave of the 5th wave.. an abc zig zag can bring price down to 179.20.. but if not on the upper side there is also not much room..
Focus only on what truly matters!
  • #3,276
  • Feb 5, 2015 8:35am Feb 5, 2015 8:35am
Quoting Ata-Turkoglu
{quote} Now closed my short at 179.55 (had +47 pips from the rally and now +25 from the retrace) will wait to see how it goes on the retest of top level..
Man you're a good scalper.
Soar on my wings, you'll touch the hand of God, he'll make you King.
  • #3,277
  • Feb 5, 2015 8:40am Feb 5, 2015 8:40am
Quoting whatever007
{quote} Man you're a good scalper.
Thanks bro.. was not easy to get here though.. took me 9 years of trading.. actually I begun to win constantly in the last 2 years.. so yeah no pain no gain..
Focus only on what truly matters!
  • #3,278
  • Feb 5, 2015 8:42am Feb 5, 2015 8:42am
Quoting Ata-Turkoglu
{quote} Thanks bro.. was not easy to get here though.. took me 9 years of trading.. actually I begun to win constantly in the last 2 years.. so yeah no pain no gain..
So you had to take 7 hard years of losing ... that is remarkable, most people would give up.
Fix up, trade sharp ...
  • #3,279
  • Feb 5, 2015 8:46am Feb 5, 2015 8:46am
Quoting Hickson
{quote} So you had to take 7 hard years of losing ... that is remarkable, most people would give up.
Thanks.. yes I had some serious losers in the past.. especially 2010 was really frustrating, like the darkest hour.. but after that, thanks to God, I saw the light and climbed out of the cave I was in..
Focus only on what truly matters!
  • #3,280
  • Feb 5, 2015 8:46am Feb 5, 2015 8:46am
Quoting Ata-Turkoglu
{quote} Thanks bro.. was not easy to get here though.. took me 9 years of trading.. actually I begun to win constantly in the last 2 years.. so yeah no pain no gain..
Dang sounds like I have a lot more work to do, glad to hear it can be done though.
Soar on my wings, you'll touch the hand of God, he'll make you King.
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