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Dragon Riders GBP/JPY

  • #3,881
  • Feb 13, 2015 7:25am Feb 13, 2015 7:25am
Quoting skyhok
{quote} Your chart tells a thousand words. Best to your trades!
Just remember that it's a one man's view and you should always trade what you see...

Good Luck!
  • #3,882
  • Feb 13, 2015 7:43am Feb 13, 2015 7:43am
Quoting FX-Ray
this just happend right now; some sick turnovers; if 183.20/15 remains resistance, direction is clear. {image}
Good morning. Or whatever timezone you are at.
I know that fibo of mine is silly, but still, I see PA consolidating around it. Your number 183,2 is about top of m15 range consolidating @ fibo in my chart. Think very good place to short. Oh how I hate you guys trading against me.

edit: ah those sizes and numbers again.
edit: and nikkis breaking highs
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
  • #3,883
  • Feb 13, 2015 8:24am Feb 13, 2015 8:24am
Quoting Tom_D_Trader
{quote} Good morning. Or whatever timezone you are at. I know that fibo of mine is silly, but still, I see PA consolidating around it. Your number 183,2 is about top of m15 range consolidating @ fibo in my chart. Think very good place to short. Oh how I hate you guys trading against me. edit: ah those sizes and numbers again. edit: and nikkis breaking highs {image}
Im very careful with 'PA', since most traders try to predict future movements by past movements. Its impossible.
Let me do some calcs for you, the probablity you catch the right tick for your profitable trade is:

Current ticks traded G/J: 525.000 (x)
Your desired trade-tick: 1 (y)

1/525.000 = 0.00000190476%

Plus as the day proceed and (x) increases by time, your chances to catch the right tick continuously decrease.
  • #3,884
  • Feb 13, 2015 8:39am Feb 13, 2015 8:39am
here comes my fill @183.47
  • #3,885
  • Feb 13, 2015 8:41am Feb 13, 2015 8:41am
GU is driving this up atm ....
Fix up, trade sharp ...
  • #3,886
  • Feb 13, 2015 8:49am Feb 13, 2015 8:49am
Quoting Hickson
GU is driving this up atm ....
Yeap, us dollar weak again for the moment but wouldn't put much thought into it.
Remember next week Monday is a Holliday in the US, so liquidity will be diminish and wild swings could be seen as expected...
  • #3,887
  • Feb 13, 2015 8:49am Feb 13, 2015 8:49am
Quoting FX-Ray
Its impossible.
I know, am bachelor of Chaos and control force.

Edit: bachelor currently covering Oil bounce by GU longs again
edit: I like how h1 looks so far. Pls bears dont screw her.
"I know one thing, that I know nothing." Sokrates
  • #3,888
  • Feb 13, 2015 8:57am Feb 13, 2015 8:57am
Quoting AllyB
+12 dustbin {image}
-12 can't get a dustbin in

must be the Friday the 13th effect
  • #3,889
  • Feb 13, 2015 8:58am Feb 13, 2015 8:58am
Quoting Tom_D_Trader
{quote} Good morning. Or whatever timezone you are at. I know that fibo of mine is silly, but still, I see PA consolidating around it. Your number 183,2 is about top of m15 range consolidating @ fibo in my chart. Think very good place to short. Oh how I hate you guys trading against me. edit: ah those sizes and numbers again. edit: and nikkis breaking highs {image}
whats the point of being long now?
  • #3,890
  • Feb 13, 2015 9:00am Feb 13, 2015 9:00am
Quoting xetrader
{quote} whats the point of being long now?
Nikkis breaking highs, Oil bouncing + SaP breaking highs resulting in dollar weakness. Imo with disgraced CHF and ECB easing cash flows to the Brittains. I like to simplify.

edit: And thx for totally ruining h1 close!
"I know one thing, that I know nothing." Sokrates
  • #3,891
  • Feb 13, 2015 9:04am Feb 13, 2015 9:04am
Quoting FX-Ray
took a short at 30ish, SL slightly above high Add: Took the profile of 11.02.2015 because the profiles on news days (yesterday 12.02.2015) are mostly rubbish. {image}
there we go
  • #3,892
  • Feb 13, 2015 9:04am Feb 13, 2015 9:04am
I wont be chasing this trade and be willing to let it go but I see the dollar cant get a bid for nothing
  • #3,893
  • Feb 13, 2015 9:05am Feb 13, 2015 9:05am
Nikkei tanks. Is it that stupid US non news? m5 chart so far, but not looking nice.
"I know one thing, that I know nothing." Sokrates
  • #3,894
  • Feb 13, 2015 9:07am Feb 13, 2015 9:07am
Quoting FX-Ray
{quote} there we go
week is going to over, whats your sentiment for GJ? bear or bulls for next week?
  • #3,895
  • Feb 13, 2015 9:08am Feb 13, 2015 9:08am
That's that it 'til Monday - flat
  • #3,896
  • Feb 13, 2015 9:15am Feb 13, 2015 9:15am
Quoting xetrader
{quote} week is going to over, whats your sentiment for GJ? bear or bulls for next week?
I think we got some decent demand at lower prices, yesterday kinda revealed sentiment, for me its short for now.
Since all significant levels are cleared the remaining are relatively far away, for example 179.00 and and above 184.50.
  • #3,897
  • Feb 13, 2015 9:29am Feb 13, 2015 9:29am
Quoting FX-Ray
{quote} I think we got some decent demand at lower prices, yesterday kinda revealed sentiment, for me its short for now. Since all significant levels are cleared the remaining are relatively far away, for example 179.00 and and above 184.50.
not feeling real confident with this short ...

patience lady patience
  • #3,898
  • Feb 13, 2015 9:31am Feb 13, 2015 9:31am
What's the view about gj now? from my standpoint it's ranging.
  • #3,899
  • Feb 13, 2015 9:31am Feb 13, 2015 9:31am
Quoting xetrader
{quote} week is going to over, whats your sentiment for GJ? bear or bulls for next week?
upside levels
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  • #3,900
  • Feb 13, 2015 9:35am Feb 13, 2015 9:35am
Quoting FX-Ray
{quote} I think we got some decent demand at lower prices, yesterday kinda revealed sentiment, for me its short for now. Since all significant levels are cleared the remaining are relatively far away, for example 179.00 and and above 184.50.
Ray, what are the odds that the usd/jpy and gbp/jpy fall to their main supports TODAY? (i.e. gbp/jpy falling to around 181, usd/jpy falling to 117.20)

Because after another leg down, it's pretty much a 100pip+ freefall from there from what I can see on the charts, and straight to 181/117.20
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