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Dragon Riders GBP/JPY

  • #6,681
  • Mar 10, 2015 11:16am Mar 10, 2015 11:16am
Quoting FX-Ray
better chart {file}
what's this?
  • #6,682
  • Mar 10, 2015 11:17am Mar 10, 2015 11:17am
Quoting AllyB
{quote} what's this?
line chart template
  • #6,683
  • Mar 10, 2015 11:19am Mar 10, 2015 11:19am
Quoting FX-Ray
{quote} if 85 holds as ally said; i at least should see a test then, if + break and becomes support we'll get good odds for 181.60/50; otherwise wait for 182.65/55 {image}
I expect it to be 182.65 that'll get scraped primarily. I don't know about hitting beyond 183.60, but my intraday bias is a bit firmer than usual for bulls (specifically, hitting 183.10 once more at least).
  • #6,684
  • Mar 10, 2015 11:19am Mar 10, 2015 11:19am
Quoting FX-Ray
{quote} line chart template
  • #6,685
  • Mar 10, 2015 11:21am Mar 10, 2015 11:21am
Quoting AllyB
{quote}
upper grey line = high
yellow = close
bottom grey line = low

you dont need candles anymore for lower TFs and you see far more
  • #6,686
  • Mar 10, 2015 11:28am Mar 10, 2015 11:28am
Quoting Vermillion
{quote} I expect it to be 182.65 that'll get scraped primarily. I don't know about hitting beyond 183.60, but my intraday bias is a bit firmer than usual for bulls (specifically, hitting 183.10 once more at least).
I would tend to agree here I feel we have more room to go up at least another test of 183.10 before more down (if any)
Attached Image (click to enlarge)
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  • #6,687
  • Mar 10, 2015 11:30am Mar 10, 2015 11:30am
Quoting thegmann
{quote} I would tend to agree here I feel we have more room to go up at least another test of 183.10 before more down (if any) {image}
nice rejection of 65
  • #6,688
  • Mar 10, 2015 11:32am Mar 10, 2015 11:32am
Quoting FX-Ray
{quote} nice rejection of 65
yup got to watch 182.8 now though it may be turning resistance now...If we break back above I would be confident in adding another long.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
  • #6,689
  • Mar 10, 2015 11:32am Mar 10, 2015 11:32am
Quoting FX-Ray
{quote} upper grey line = high yellow = close bottom grey line = low you dont need candles anymore for lower TFs

What about candles.......?
  • #6,690
  • Mar 10, 2015 11:34am Mar 10, 2015 11:34am
Quoting mello87
{quote} What about candles.......?
Attached Image
  • #6,691
  • Mar 10, 2015 11:37am Mar 10, 2015 11:37am
Quoting FX-Ray
{quote} upper grey line = high yellow = close bottom grey line = low you dont need candles anymore for lower TFs and you see far more
that's what I call a horse of a different color
  • #6,692
  • Mar 10, 2015 11:40am Mar 10, 2015 11:40am
Done for now. Time for a snack and a dive in the pool.
Happy trading guys n gals!!
cya later
  • #6,693
  • Mar 10, 2015 11:41am Mar 10, 2015 11:41am
Quoting thegmann
{quote} yup got to watch 182.8 now though it may be turning resistance now...If we break back above I would be confident in adding another long. {image}
broke above but didn't get a long in spreads on GJ kill me haha
Attached Image (click to enlarge)
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  • #6,694
  • Mar 10, 2015 11:43am Mar 10, 2015 11:43am
Quoting Vermillion
{quote} I expect it to be 182.65 that'll get scraped primarily. I don't know about hitting beyond 183.60, but my intraday bias is a bit firmer than usual for bulls (specifically, hitting 183.10 once more at least).
Almost down to the pip. Price got rejected almost exactly at 182.65.

I'll probably add more longs if 183.10 seems positive. Trading both a tournament account & my personal one can get hectic, especially when you're trading them all in the GJ.

I'm looking at 184 if 183.60 is breached; those two figures are what I'm currently worried about. Mid-long term, I'd expect the yen to keep depreciating 130+ for the usd/jpy, so we've got lots of room for all xxx/jpy to the upside before we get major corrections. Problem with these movements is that when you miss them, you miss on big opportunities, and then you get impatient and go long too early only to realize you've bought at the high. The end result is you being hit hard by market makers, like that time with the Scottish Referendum. God, I almost came close to buying at the peak for that moment. Decided to snag early profits and just sold the hell out of the GJ pair at 180.
  • #6,695
  • Mar 10, 2015 11:43am Mar 10, 2015 11:43am
Quoting thegmann
{quote} broke above but didn't get a long in spreads on GJ kill me haha {image}
whats your average spread?
  • #6,696
  • Mar 10, 2015 11:48am Mar 10, 2015 11:48am
Quoting FX-Ray
{quote} whats your average spread?
around 3-4 pips was around 3.5 when was trying to get long before closer to 4.
  • #6,697
  • Mar 10, 2015 11:50am Mar 10, 2015 11:50am
Quoting thegmann
{quote} around 3-4 pips
That's really too much. Interbank average spread is 1.4Pips.
  • #6,698
  • Mar 10, 2015 11:52am Mar 10, 2015 11:52am
Quoting FX-Ray
{quote} That's really too much. Interbank average spread is 1.4Pips.
Yea I know it makes it 2x as hard to trade haha, US retail accounts ftw. I just have to hope the market makers overshoot the price by a few pips to get my fills or just take spread into account and buy it a bit before where I would optimally like to enter.
  • #6,699
  • Mar 10, 2015 11:52am Mar 10, 2015 11:52am
Quoting FX-Ray
{quote} That's really too much. Interbank average spread is 1.4Pips.
My broker is about 3~4 pips on Geppy as well, it doesn't charge any commission though.
  • #6,700
  • Mar 10, 2015 11:53am Mar 10, 2015 11:53am
Quoting Schickeria
Good day traders
schick....
Look Sharp/Trade Tight
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