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Dragon Riders GBP/JPY

  • #5,041
  • Mar 2, 2015 7:13am Mar 2, 2015 7:13am
I'm putting sell stop at 184.157 and buy stop at 185.017
  • #5,042
  • Mar 2, 2015 7:15am Mar 2, 2015 7:15am
Quoting anima999
{quote} Maybe the non farms on friday will be the catalyst. {image}
Nice analysis bro... and yes our good old Non-Farms on Friday.. but I still wish if there is a possible rally, that it starts earlier, so we don't get killed by boredom..

Happy Trades
Focus only on what truly matters!
  • #5,043
  • Mar 2, 2015 7:16am Mar 2, 2015 7:16am
Quoting Ata-Turkoglu
{quote} Nice analysis bro... and yes our good old Non-Farms on Friday.. but I still wish if there is a possible rally, that it starts earlier, so we don't get killed by boredom.. Happy Trades
Too true. Range trading is mind numbing.

Struggling around 61.8 fib at the moment.
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Which is dissapointing as it would be nice to achieve a TP for a change.
  • #5,044
  • Mar 2, 2015 8:29am Mar 2, 2015 8:29am
Quoting FX-Ray
{quote} wait for 184.00/83.90 or 183.70/60; dont buy into the falling knife yet {quote} Jap, 45/35 need to hold as resistance though
lovely reaction there, still in for 184

Inserted Video


(max volume for epic tune)
  • #5,045
  • Mar 2, 2015 8:37am Mar 2, 2015 8:37am
E/U: still long, still paying attention to 25ish, positive so far, 15ish rejected above 25
  • #5,046
  • Mar 2, 2015 8:46am Mar 2, 2015 8:46am
.162 level on GJ is being stubborn. Love that to give way
  • #5,047
  • Mar 2, 2015 8:48am Mar 2, 2015 8:48am
Quoting FX-Ray
{quote} lovely reaction there, still in for 184 https://www.youtube.com/watch?v=pFHIgyBdqzY (max volume for epic tune)
Just a though regarding E/U:

daily close above 1.1285/75; 2morrow's daily low test around 1.1285/75 ► take off to 1.1460/50

Requirements:

(1) Take out yesterday' high 1.1240ish
(2) current daily close above 1.1285/75
(3) positive test (2morrow's low) of 1.1285/75 from above
(4) take off of 1.1225

Hope I dont have to mention I can be wrong but that idea looks charming.
  • #5,048
  • Mar 2, 2015 8:48am Mar 2, 2015 8:48am
I don't know why, but I still get the feeling we'll get tied up around 183.90. Geppy has had a bad history of stopping halfway between the 61.8 and 100 retracement (184.1 & 183.70/60)

Even if we were to hit 183.70/60 sometime in the future, I wouldn't be surprised to get a bounce up to around 184.40/60 before dropping there.

What's more, the main source of a potential gbp/jpy & usd/jpy climb up isn't until Friday (NFP). There's a lot of leeway from now and then for the pair to take their time moving down.

Or my intuition could be completely wrong and we'd go straight to 183.70/60, which would make my wallet happier. It's funny how my gut feelings always seem counterproductive to my (wallet's) well being.
  • #5,049
  • Mar 2, 2015 8:54am Mar 2, 2015 8:54am
Keeping me calm during slow choppy behaviour lol

Inserted Video
  • #5,050
  • Mar 2, 2015 8:57am Mar 2, 2015 8:57am
Quoting Vermillion
I don't know why, but I still get the feeling we'll get tied up around 183.90. Geppy has had a bad history of stopping halfway between the 61.8 and 100 retracement (184.1 & 183.70/60) Even if we were to hit 183.70/60 sometime in the future, I wouldn't be surprised to get a bounce up to around 184.40/60 before dropping there. What's more, the main source of a potential gbp/jpy & usd/jpy climb up isn't until Friday (NFP). There's a lot of leeway from now and then for the pair to take their time moving down. Or my intuition could be completely wrong...
We got 4 daily low's at DP 183.70/60; 24.02; 25.02; 26.02 and 27.02.2015; its definitely significant, if support I go for DP 185.90/80 this week, if it gets taken out I go for 181.80/70 this week with taking partials at 182.50/40 (balance).
  • #5,051
  • Mar 2, 2015 8:58am Mar 2, 2015 8:58am
Quoting mello87
Keeping me calm during slow choppy behaviour lol https://www.youtube.com/watch?v=beRQ4oAudl8
Armada got sick shit, you probably like Signalrunners too
  • #5,052
  • Mar 2, 2015 8:59am Mar 2, 2015 8:59am
Quoting FX-Ray
{quote} Armada got sick shit, you probably like Signalrunners too
Yeah they were great. Liking Bayer on his own now too! Keeps me sane during market hours lol
  • #5,053
  • Mar 2, 2015 9:05am Mar 2, 2015 9:05am
Quoting FX-Ray
{quote} lovely reaction there, still in for 184 https://www.youtube.com/watch?v=pFHIgyBdqzY (max volume for epic tune)
184.45/35
  • #5,054
  • Mar 2, 2015 9:12am Mar 2, 2015 9:12am
usd/jpy bulls are desperate to hit 120. ISM PMI didn't meet expectations? Who cares; let's hit 120/119.95!
  • #5,055
  • Mar 2, 2015 9:17am Mar 2, 2015 9:17am
Quoting Vermillion
usd/jpy bulls are desperate to hit 120. ISM PMI didn't meet expectations? Who cares; let's hit 120/119.95!
exactly
  • #5,056
  • Mar 2, 2015 9:19am Mar 2, 2015 9:19am
Not really gone to plan. Think I might cut and run.
  • #5,057
  • Mar 2, 2015 9:23am Mar 2, 2015 9:23am
Maybe this is why it's going up?

http://www.forexfactory.com/news.php?do=news&id=528914

(ISM's Holcomb Says Index is Consistent With 3.1% GDP)
  • #5,058
  • Mar 2, 2015 9:28am Mar 2, 2015 9:28am
Quoting anima999
Not really gone to plan. Think I might cut and run.
added, R:R is ok, target 184.00/90 or/and 183.70/60
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  • #5,059
  • Mar 2, 2015 9:42am Mar 2, 2015 9:42am
on that euro....it's my ole buddy Ian pointing to an elliott perfect wave 5 at 1133 or so....then back up to 1240.....then the floor drops out....
  • #5,060
  • Mar 2, 2015 9:43am Mar 2, 2015 9:43am
Might go back to test 184.60 at this rate.

Usd/jpy still probably won't face stiff resistance until 120.30/20 if 120 holds.
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