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Dragon Riders GBP/JPY

  • #6,501
  • Mar 10, 2015 6:33am Mar 10, 2015 6:33am
Quoting FX-Ray
{quote} BOJ is easing since March 19, 2001
Sure, missing your point here ?
  • #6,502
  • Mar 10, 2015 6:34am Mar 10, 2015 6:34am
Quoting Mpt
{quote} Correction entered 265 weeks ago at ....... 186/183. 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.
265 weeks ago!!??? it was in the 130s then. there was an interesting spike down to 122 on March 13th 2011, now I wonder what catastrophic event happened there?
used to be undecided but nowadays can't make my mind up
  • #6,503
  • Mar 10, 2015 6:35am Mar 10, 2015 6:35am
Quoting Hickson
{quote} Well, if you are short now it is a different thing, but before I came back there was nothing really going on ...
No one's going to tell you off if you short it now.
  • #6,504
  • Mar 10, 2015 6:36am Mar 10, 2015 6:36am
Attached Image (click to enlarge)
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The thing i like about trading currencies with tecnical analysis is this: There is no bullshit in it. 95% of all other jobs contain 95% bullshit that could and should be done more effeciently or not at all. But trading on the other hand, if you do it wrong, you will know that you where doing bullshit and you pay for it. Aint no point complaining about it because the only thing you can do about it is stop or get better at it. On the other hand money itself is bullshit, but thats another matter.
My signature is: "Classified".
  • #6,505
  • Mar 10, 2015 6:36am Mar 10, 2015 6:36am
Quoting Mpt
{quote} No one's going to tell you off if you short it now.
Well, I will not blindly jump in. Lunch time here and then enough time for reassessment.
Fix up, trade sharp ...
  • #6,506
  • Mar 10, 2015 6:39am Mar 10, 2015 6:39am
Quoting mrcreosote
{quote} 265 weeks ago!!??? it was in the 130s then. there was an interesting spike down to 122 on March 13th 2011, now I wonder what catastrophic event happened there?
9.0 earthquake and tsunami.
  • #6,507
  • Mar 10, 2015 6:40am Mar 10, 2015 6:40am
Quoting Tradezilla
{quote} Sure, missing your point here ?
I think it had something to do with a 'miracle economy' and the lost decade of the 90s. Thing is it turned into the lost '3 decades' so they've been trying to print there way out of deflation ever since.....
used to be undecided but nowadays can't make my mind up
  • #6,508
  • Mar 10, 2015 6:41am Mar 10, 2015 6:41am
Quoting H0rus
{quote} 9.0 earthquake and tsunami.
Give this man the prize
used to be undecided but nowadays can't make my mind up
  • #6,509
  • Mar 10, 2015 6:43am Mar 10, 2015 6:43am
Quoting mrcreosote
{quote} Give this man the prize
60 pips still counting
  • #6,510
  • Mar 10, 2015 6:44am Mar 10, 2015 6:44am
Hi all, I have cleared all Yen trades on correction from UJ top. Yesterday Geppy went up mostly as a colaterral of UJ breaking 8 year highs - caused by USD squeeze. It just pulled all the charts. Currently UJ broke top and retracing back, possible targets for load... Primary 120,46 - 120,81. Secondary 119,5. I dont believe we are gonna make it lower now, so my stops just below at 118,54, the closer the Martingale as usuall.

GU reached the very bottom monthly line 1,5055 and currently running down. UJ + GU corrections resulted in Geppy correction, currently broke d3 38% low @ 182,8. I have started to load, though is knifecatching so far. Think D1 mid 182,586 should hold daily move, but USD strength could trigger GU breaking lows and squeeze GBP longs, so better keep it tight. Meaning I gotta stops still below low, but load lower lvrg.

Also wanna add with current speed, should GU break lows and UJ correts to secondary, we are gonna rech D1 consolidation low @ 180,9 (would be perfect long)...but mid bounce first.

GL all, Tom.
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"I know one thing, that I know nothing." Sokrates
  • #6,511
  • Mar 10, 2015 6:49am Mar 10, 2015 6:49am
Quoting H0rus
{quote} 60 pips still counting
Cool, I see you have the left eye of the illuminati too
used to be undecided but nowadays can't make my mind up
  • #6,512
  • Mar 10, 2015 6:50am Mar 10, 2015 6:50am
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And i dont mean that in a one position at a time sort of way. Im thinking one position as the support seem to be there, if it goes shitty, nevermind it stays open. Next time there is support, add another. If that one goes shitty too, maybe close the whole thing.

If it goes well, keep adding as its breaking on through north.

Though, as it is, id never put a TP north of 185, i want it to break north of that before i would bet any money north of that.
My signature is: "Classified".
  • #6,513
  • Mar 10, 2015 6:55am Mar 10, 2015 6:55am
Well ok, I have convinced myself. Am not shooting low lvrg . Just keeping it tight with stops below mid.

Edit: See weekly UJ 121,422. Seems wanna hold and continue move.
"I know one thing, that I know nothing." Sokrates
  • #6,514
  • Mar 10, 2015 6:56am Mar 10, 2015 6:56am
My picture might look confusing...but I think most people can see it.

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Two initial points to take profit, and am currently watching previous supports. Already locked in a week's worth of profits; I had a very big order for selling at the 183.60 breakthrough.

Haven't sold,bought in so much quantity in a long time though; I'll probably take a breather after this. Maybe. Don't want to give all the hard earned money back to the market, after all.

Pretty big support around here; it's also noted in the hourly and 30min. ichimoku.
  • #6,515
  • Mar 10, 2015 6:56am Mar 10, 2015 6:56am
Quoting Mpt
{quote} Just like there was no reason to long earlier. The downside is slow. Just like the upside. When it releases from 183 it should show it's hand. But yes, failure to do so has it up again
My reason was DP 183.60/50. It didnt work out but im sure if it did you wouldnt comment on it
  • #6,516
  • Mar 10, 2015 6:57am Mar 10, 2015 6:57am
btw, anyone got short DP 183.10/00?
  • #6,517
  • Mar 10, 2015 7:00am Mar 10, 2015 7:00am
worth watching
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  • #6,518
  • Mar 10, 2015 7:01am Mar 10, 2015 7:01am
Quoting FX-Ray
btw, anyone got short DP 183.10/00?
Actually I already shorted at 183. 45 since I saw 183.48 as the main critical point..
Focus only on what truly matters!
  • #6,519
  • Mar 10, 2015 7:03am Mar 10, 2015 7:03am
Quoting yaed
{image} And i dont mean that in a one position at a time sort of way. Im thinking one position as the support seem to be there, if it goes shitty, nevermind it stays open. Next time there is support, add another. If that one goes shitty too, maybe close the whole thing. If it goes well, keep adding as its breaking on through north. Though, as it is, id never put a TP north of 185, i want it to break north of that before i would bet any money north of that.
Hi yaed,

thanks for input
  • #6,520
  • Mar 10, 2015 7:03am Mar 10, 2015 7:03am
Quoting FX-Ray
worth watching {image}
Hey ray, is it possible that we'll actually go back to 181.50, or around 182.20/00? I expected a pretty hefty drop (below 182.80 at least), but this went a bit faster than expected.
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