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Dragon Riders GBP/JPY

  • #6,481
  • Mar 10, 2015 5:42am Mar 10, 2015 5:42am
Quoting Mpt
I am actually being quite serious. There are moments where you are only given tiny hints re direction and it almost comes down to what you 'believe'. I think it's down.
On a more serious note, I get the belief thing. Do you trade indices? Any thoughts?
Cheers
used to be undecided but nowadays can't make my mind up
  • #6,482
  • Mar 10, 2015 5:45am Mar 10, 2015 5:45am
it may goes down to 183.1 before moving up again
  • #6,483
  • Mar 10, 2015 5:47am Mar 10, 2015 5:47am
Quoting mrcreosote
{quote} On a more serious note, I get the belief thing. Do you trade indices? Any thoughts? Cheers
No I don't mate. GJ has always been my thing. Every f-ing move since 2008.
  • #6,484
  • Mar 10, 2015 5:51am Mar 10, 2015 5:51am
Quoting Mpt
{quote} No I don't mate. GJ has always been my thing. Every f-ing move since 2008.

Nice! Aussie too, so you must be orite lol I'm an avid Jim Jefferies fan in the UK
  • #6,485
  • Mar 10, 2015 5:52am Mar 10, 2015 5:52am
Quoting Mpt
{quote} No I don't mate. GJ has always been my thing. Every f-ing move since 2008.
Way to go, 1999 was interesting, i remember getting 236 yen to the £ to buy some 'japanese goods'
used to be undecided but nowadays can't make my mind up
  • #6,486
  • Mar 10, 2015 5:54am Mar 10, 2015 5:54am
Quoting mello87
{quote} Nice! Aussie too, so you must be orite lol I'm an avid Jim Jefferies fan in the UK
  • #6,487
  • Mar 10, 2015 6:03am Mar 10, 2015 6:03am
Quoting mrcreosote
{quote} Way to go, 1999 was interesting, i remember getting 236 yen to the to buy some 'japanese goods'
But slowly and surely the fallout from the plaza accord stuffed that up. Was attentive to forex from the mid-90's when I saw GJ collapse over 3000 pips in an hour - back in '93 from memory. That's when GJ entered this (now) 22 year correction.

For what it's worth, I really suspect we're about to see that 22 year entrapment end. Whether we go down first or not (as in back to 15x) (or just ride it up), I think we're on the cusp of final breakout. This year.
  • #6,488
  • Mar 10, 2015 6:05am Mar 10, 2015 6:05am
Quoting FX-Ray
{quote} what price you're looking at?
hey mate, sorry for the late reply...busy with the little man today...levels in previous post...
Look Sharp/Trade Tight
  • #6,489
  • Mar 10, 2015 6:06am Mar 10, 2015 6:06am
Quoting PayTheLimit
{quote} hey mate, sorry for the late reply...busy with the little man today...levels in previous post...
Maybe you can ask him to count some waves for you
Fix up, trade sharp ...
  • #6,490
  • Mar 10, 2015 6:08am Mar 10, 2015 6:08am
Market is ugly, I am flat. Laters ...
Fix up, trade sharp ...
  • #6,491
  • Mar 10, 2015 6:10am Mar 10, 2015 6:10am
Quoting Hickson
Market is ugly, I am flat. Laters ...

Ugliness is in the eye of the beholder
  • #6,492
  • Mar 10, 2015 6:10am Mar 10, 2015 6:10am
Quoting Hickson
Market is ugly, I am flat. Laters ...
Silence before the storm..
Focus only on what truly matters!
  • #6,493
  • Mar 10, 2015 6:15am Mar 10, 2015 6:15am
Quoting Mpt
{quote} Ugliness is in the eye of the beholder

This can easily be overcome by drinking 8 pints

Add: Waiting for 183.100 level
Add: Want it to touh 183.000 might place pending buy here if movement isnt too violet lol
  • #6,494
  • Mar 10, 2015 6:15am Mar 10, 2015 6:15am
Hi,

5/10MA STR and MACD bullish on H4 although TDI just crossed down MBL. Maybe after BOE. Any thoughts?
  • #6,495
  • Mar 10, 2015 6:19am Mar 10, 2015 6:19am
Quoting Mpt
{quote} But slowly and surely the fallout from the plaza accord stuffed that up. Was attentive to forex from the mid-90's when I saw GJ collapse over 3000 pips in an hour - back in '93 from memory. That's when GJ entered this (now) 22 year correction. For what it's worth, I really suspect we're about to see that 22 year entrapment end. Whether we go down first or not (as in back to 15x) (or just ride it up), I think we're on the cusp of final breakout. This year.
Interesting thoughts, my monitor isn't big enough to go back to the plaza accord, actually it is, I just don't think the data is there lol
It began a correction in 1998 due to the dot com boom (rest of the stock market collapsed), it began a correction in 2007 due to the impending financial crisis (when the market crashed again).
So if you think it's gonna take off big style then you believe the central banks can QE to infinity? (and beyondddddd) and therefore inflate the markets? Or maybe the Yen 'safe haven' status will decouple from the markets?
used to be undecided but nowadays can't make my mind up
  • #6,496
  • Mar 10, 2015 6:25am Mar 10, 2015 6:25am
Quoting mello87
{quote} This can easily be overcome by drinking 8 pints Add: Waiting for 183.100 level Add: Want it to touh 183.000 might place pending buy here if movement isnt too violet lol

Movement too violent haha. Looking short on a small retrace if i can
  • #6,497
  • Mar 10, 2015 6:27am Mar 10, 2015 6:27am
Quoting mrcreosote
{quote} Interesting thoughts, my monitor isn't big enough to go back to the plaza accord, actually it is, I just don't think the data is there lol It began a correction in 1998 due to the dot com boom (rest of the stock market collapsed), it began a correction in 2007 due to the impending financial crisis (when the market crashed again). So if you think it's gonna take off big style then you believe the central banks can QE to infinity? (and beyondddddd) and therefore inflate the markets? Or maybe the Yen 'safe haven' status will decouple from the...

Correction entered 265 weeks ago at ....... 186/183. It loosely took the shape of a diamond reversal. Assuming we've seen the very bottom, we're climbing out right now. Well, not quite right now ... but in the big picture.

We sit back at the 'pivot' . So, whether we hold around here, or fall back first then reclaim, we sit back at where it started, so i think that an eventual break up from this place takes GJ up and out.
  • #6,498
  • Mar 10, 2015 6:27am Mar 10, 2015 6:27am
Loose leash on the beast.
  • #6,499
  • Mar 10, 2015 6:31am Mar 10, 2015 6:31am
Quoting Mpt
{quote} Ugliness is in the eye of the beholder
Well, if you are short now it is a different thing, but before I came back there was nothing really going on ...
Fix up, trade sharp ...
  • #6,500
  • Mar 10, 2015 6:31am Mar 10, 2015 6:31am
Quoting mello87
{quote} Yeah just saying. My personal take is that i wasn't going to trade at this level. Will wait for another DP
U can trade a bit at this level if u see it crashing as it is now, do u mean by DP a dip or a Dual Pyramid or what exactly ? Sorry, I miss out on some of the trader slang.

GL
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