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Dragon Riders GBP/JPY

  • #6,561
  • Mar 10, 2015 8:33am Mar 10, 2015 8:33am
Quoting js5020
{quote} No not risking much here, will only need a small fire extinguisher to put the flames out,, hunch off the 4H SL just below yesterdays low,, if golden targeting well above.
Yesterday's low, 181.50?
  • #6,562
  • Mar 10, 2015 8:33am Mar 10, 2015 8:33am
Quoting andrern2000
Where do you think guys the GBP/JPY will move again, at least, 150 pips? up or down?
150pips? Oh, that'll be hard.

Unless the prices are ripe for a retracement or another leg upwards, we don't get a clear signal with the geppy. Are you by chance new in trading the gbp/jpy? If so, just know that while the gbp/jpy is volatile & can move hundreds of pips in a day, it often doesn't move in a single, clear direction, and can range trade just as often. The current price is around the pivot point, so to speak, so it can go either way.

In other words, no one knows right now. We're just using key supports/resistance/DPs to get a sense of clearer direction, but everything's a calculated risk.

Until I see the price reaction to Carney's little speech, I'm not establishing any biases. Still holding onto my current positions (shorts), however.
  • #6,563
  • Mar 10, 2015 8:36am Mar 10, 2015 8:36am
Quoting FX-Ray
{quote} Yesterday's low, 181.50?
I have 182.06,,, Im using midnight NY close candles.
  • #6,564
  • Mar 10, 2015 8:38am Mar 10, 2015 8:38am
182.80 has been sold again ... hmmmm I still do not know how to trade this here ... a long looks too dangerous to me.
Fix up, trade sharp ...
  • #6,565
  • Edited 8:50am Mar 10, 2015 8:39am | Edited 8:50am
Quoting Tom_D_Trader
So knifecatch failed :/. Yy, think is because am hungry.
So, knifecatch failed, and it is obvious it was coz I were hungry. In the meanwhile, GU 1,5055 holds and am pretty much loaded there. So now actually for the first time in more than two month am a bit short USD. Is just a very short term and am gonna cover GU partials on daily retest 5125. In result. GJ entry on mid is no longer knifecatch, but regular entry on M15 d1 mid hold. Am loading. Yes, m15 so far, but UJ almost reached primary, so suppose it is gonna bounce.

Quoting Tom_D_Trader
... 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,
Quoting sam69
{quote} , yes, I want to try short at 121.660 if pa allows...maybe back to 119.560 {image}
Targets perfect man , as usuall, I like your numbers. Though I hope primary stops the move, as am gonna buy it

Edit: Lol, am such a lucker, I have also covered Aussie shorts @ 7639 and EU shorts @ 1,07. I deserve a joint and coffee.
"I know one thing, that I know nothing." Sokrates
  • #6,566
  • Edited 8:51am Mar 10, 2015 8:39am | Edited 8:51am
Quoting thegmann
took the short 183.6 SL 183.9...lets see... high probability get stopped out here as my SL is rather tight and I feel 183.9/184 will be tested again but nice resistance at 122 on UJ so lets see if can bring GJ down, especially with some GU sell off as well. Large reward if we topped out here and continue downward. edit: looking like ok entry lets see...off to bed lets hope in 6 hours were back around 182.8 {image} {image}
well woke up to my target at 182.8 being hit nice little profit to start the day

waiting for ole carnage to shake things up...watching what happens 182.6/5. We bounce here could be continuation of upmove below and i'll be looking at shorts towards 182/181.8
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  • #6,567
  • Mar 10, 2015 8:46am Mar 10, 2015 8:46am
Patience definitely doing me well here. Thank god for self control lol
  • #6,568
  • Mar 10, 2015 8:50am Mar 10, 2015 8:50am
Quoting mello87
Patience definitely doing me well here. Thank god for self control lol
lol indeed ... at least this. could have easily been chopped up for whole account today if back in over and over again looool
Fix up, trade sharp ...
  • #6,569
  • Mar 10, 2015 8:50am Mar 10, 2015 8:50am
Quoting mello87
Patience definitely doing me well here. Thank god for self control lol
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  • #6,570
  • Mar 10, 2015 8:52am Mar 10, 2015 8:52am
Quoting FX-Ray
{quote} {image}

Haha. Amen mate. Amen
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  • #6,571
  • Mar 10, 2015 8:53am Mar 10, 2015 8:53am
Ooo, that move in UJ is so fcking fast. Think that primary entry may not be such a great idea with this momentum. Am a bit chicken now . I gotta pull my balls out now. Please Ray forgive me this picture.

Balls. Buying more Geppys.
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"I know one thing, that I know nothing." Sokrates
  • #6,572
  • Mar 10, 2015 8:57am Mar 10, 2015 8:57am
Quoting mello87
{quote} Haha. Amen mate. Amen {image}
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  • #6,573
  • Mar 10, 2015 8:58am Mar 10, 2015 8:58am
good grief what is going on here?
  • #6,574
  • Mar 10, 2015 8:59am Mar 10, 2015 8:59am
Quoting AllyB
good grief what is going on here?
o.O.?!?!?!?!?
Fix up, trade sharp ...
  • #6,575
  • Mar 10, 2015 9:00am Mar 10, 2015 9:00am
Quoting FX-Ray
{quote} {image}

Haha thats hilarious
  • #6,576
  • Mar 10, 2015 9:00am Mar 10, 2015 9:00am
Quoting Hickson
{quote} o.O.?!?!?!?!?
Madness!
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  • #6,577
  • Mar 10, 2015 9:01am Mar 10, 2015 9:01am
Quoting AllyB
good grief what is going on here?
My suspension has ended, so I have come to ruin Rays thread. But Sam is spanking my ass with his mighty UJ shorts and Yen keeps on gaining strength , so I will prolly crawl in shadows to lick my wounds soon.
"I know one thing, that I know nothing." Sokrates
  • #6,578
  • Mar 10, 2015 9:03am Mar 10, 2015 9:03am
Quoting Tom_D_Trader
{quote} My suspension has ended, so I have come to ruin Rays thread. But Sam is spanking my ass with his mighty UJ shorts and Yen keeps on gaining strength , so I will prolly crawl in shadows to lick my wounds soon.
You cant ruin this thread because...
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  • #6,579
  • Mar 10, 2015 9:04am Mar 10, 2015 9:04am
this looks like one of those morning I have a cocktail (probably scotch) instead of milk for breakfast
  • #6,580
  • Mar 10, 2015 9:07am Mar 10, 2015 9:07am
Quoting AllyB
this looks like one of those morning I have a cocktail (probably scotch) instead of milk for breakfast
Like this?
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